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SiliconCanals
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UNIIQ invests €1.4M in these 4 South Holland startups to fuel health and deep tech innovation
- UNIIQ, an investment fund based in The Hague, is investing €1.4M in four startups to fuel health and deep tech innovation.
- The startups receiving investments are LYLA, GenLumina, Secuped, and QHarbor, each focused on innovative solutions in their respective fields.
- LYLA, based in Delft, works on digital quality control of cancer medication to improve targeting, efficiency, and safety.
- GenLumina, located in Leiden, is developing a substance activated by light to destroy cancer cells without harming healthy tissue.
- Secuped, also based in Leiden, focuses on home monitoring equipment for diabetic foot ulcers to enable timely intervention.
- QHarbor, headquartered in Delft, supports physics research institutions in working faster and smarter with experimental data, including quantum computer experiments.
- In addition to funding, UNIIQ provides strategic support in positioning, follow-up financing, and collaborations with companies and knowledge institutions.
- UNIIQ is a €50M fund managed by investment specialists from Innovation Quarter, Leiden University, Erasmus MC, and TU Delft, focusing on the proof-of-concept phase.
- The investment aims to accelerate technology and the impact these startups can make in health, deeptech, and data innovation.
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Bloomberg Quint
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Tata Motors Shares Gets Motilal Oswal's 'Neutral' Stance Amid Lack Of Triggers
- Tata Motors' shares receive a 'Neutral' stance from Motilal Oswal due to lack of triggers.
- Jaguar Land Rover (JLR) faces challenges like tariff wars, USD depreciation, uncertainty over EV transition, tough market conditions in China, and rising warranty costs.
- Tata Motors' Ebit margin guidance for FY26 is revised down to 5-7% from 10% in FY25, with a reduced revenue guidance to £28 billion from over £30 billion.
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Bloomberg Quint
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Vikas Khemani's Five-Sector Playbook And Stock Bets For India’s Next Decade
- Vikas Khemani, founder of Carnelian Asset Management, identifies five key sectors for India's future growth: financial services, manufacturing, consumption, infrastructure, and services.
- Khemani emphasizes long-term investment strategies and stock-specific conviction despite global uncertainties.
- He anticipates earnings growth of around 13–15% this year and foresees markets hitting new highs.
- Carnelian's stock bets include Laurus Labs and Newgen, with notable success stories in these investments.
- Khemani advises patience and avoiding blind momentum chasing in investments.
- The fund remains bullish on select private sector banks and NBFCs in financials, and sees potential in manufacturing sectors like chemicals, auto components, pharmaceuticals, and defence.
- India's rising per capita income is perceived as a long-term driver for consumption-related investments.
- Infrastructure areas like railways and airports, along with non-IT services such as travel and tourism, are in focus for future opportunities.
- Khemani encourages staying invested in India's structural growth story and remaining patient amid global events.
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Bloomberg Quint
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Stocks To Buy Or Sell: Ajit Mishra's Top Picks For June 17
- Ajit Mishra, senior vice president of Research at Religare Broking, recommended Tata Consultancy Services and Laurus Labs as top stock picks for June 17, 2025.
- Nifty 50 and BSE Sensex started the day in the green with Nifty Defence and Nifty IT leading gains.
- As of midday, Nifty 50 was trading 0.19% higher at 24,898.45, and Sensex 30 was 0.17% higher at 81,647.96.
- Tata Consultancy Services was advised for a buy at Rs 3,496.2 with a target price of Rs 3,520 and a stop loss at Rs 3,430.
- Laurus Labs was suggested as a buy at Rs 679.85 with a target price of Rs 705 and a stop loss at Rs 658.
- 36 out of 50 analysts recommend buying Tata Consultancy Services stock with an average 12-month consensus price target implying a 7.4% upside.
- 7 out of 16 analysts suggest buying Laurus Labs stock despite an average 12-month consensus price target indicating a 7.7% downside.
- Investors are advised to consult with their financial adviser before making any investment decisions.
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Bloomberg Quint
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Israel-Iran Conflict: Expect Rise In Freight Costs, Delayed Shipment, Says Indian Exports Federation
- The Israel-Iran conflict is expected to increase shipping costs and air freight expenses for Indian exporters.
- Ajay Sahai, CEO of the Federation of Indian Export Organisations, highlighted potential supply chain disruptions due to the conflict.
- If fuel prices reach $100, exporters could face additional pressures.
- Currently, there's a gradual rise in sea and air freight charges during renegotiations, with potential for further increases.
- Disruptions in the Strait of Hormuz and the Red Sea could lead to diversions impacting shipments to Europe and North America.
- The Strait of Hormuz is crucial for oil transport, handling world's largest crude oil tankers, and serves as a significant oil chokepoint.
- In 2024, an average of 20 million barrels per day flowed through the strait, equivalent to about 20% of global petroleum liquids consumption.
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Bloomberg Quint
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'Buy' DCB Bank Shares Maintains ICICI Securities, Sees Upto 22% Upside — Here's Why
- ICICI Securities maintains a 'Buy' rating on DCB Bank shares, forecasting up to a 22% upside potential.
- The brokerage highlights that DCB Bank's stock is currently trading at multiples comparable to the pandemic period, except for banks with MFI (Microfinance Institution) exposure.
- During the pre-Covid-19 phase, DCB Bank's gross slippages remained consistently low, standing at less than 2%.
- Despite the bank's resilience in the pre-Covid era, its stock witnessed a significant de-rating post-pandemic.
- In the 2015-2020 period pre-Covid-19, the stock maintained an average multiple of around 2x on a 1-year forward basis.
- Excluding the peak crisis months, the stock's forward book multiple averaged merely 0.8x in the last approximately five years.
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Bloomberg Quint
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Elon Musk's Classroom Moment At Ad Astra Goes Viral, Paytm Founder Vijay Shekhar Sharma Has A Suggestion
- A video of Elon Musk teaching children at his experimental pre-school, Ad Astra, went viral, showing him explaining physics and rocket science concepts.
- The video surfaced shortly after Musk stepped down from his role in the Department of Government Efficiency under the Donald Trump administration.
- Paytm founder Vijay Shekhar Sharma reshared the video and suggested releasing it for wider educational use.
- In the video, Musk is seen engaging students in discussions about first principles analysis.
- The video garnered over 254,000 views and sparked interest among viewers, with many expressing a desire to study at Ad Astra.
- Ad Astra, Musk's school in Texas, focuses on STEM fields, creativity, exploration, and critical thinking for children aged three to nine.
- The school has two programs for different age groups, with a low teacher-to-student ratio and subsidized tuition for the 2024-25 academic year.
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Bloomberg Quint
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Motilal Oswal Maintains 'Neutral' Stance On Zee Entertainment Shares, But Hikes Target Price — Here's Why
- Motilal Oswal maintains a 'Neutral' stance on Zee Entertainment shares but has increased the target price to Rs 150.
- The company's promoters will invest about Rs 22.4 billion over 18 months through the issuance of 169.5 million fully convertible warrants at a price of Rs 132 per warrant.
- Following a strategic review of Zee's growth plans and market perception by a banker, the Board has approved boosting promoter shareholding through the issuance of fully convertible warrants.
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Economic Times
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Fintech startup Saswat Finance raises $2.6 million from Ankur Capital, others
- Rural India-focused fintech startup Saswat Finance raises $2.6 million in funding round led by Ankur Capital and Incubate Fund Asia.
- Funding will be used to expand technology capabilities, introduce new financial products, and scale operations in Maharashtra, Karnataka, and Uttar Pradesh.
- Saswat Finance aims to redefine access to financial services for underpenetrated rural segments, focusing on fintech, agritech, and insurtech.
- Founded in 2022, Saswat Finance targets improving access to formal financial services starting with the dairy supply sector.
- The company uses a data-driven approach for credit and insurance products tailored to smallholder farmers and rural enterprises.
- Saswat Finance has facilitated over Rs 55 crore in asset-backed loans and onboarded more than 6,000 customers.
- The company currently provides cattle loans, insurance, and para-veterinary services, expanding into offerings for rural businesses.
- Saswat Finance has partnerships with dairy cooperatives, insurers, and lenders to enhance distribution and product offerings.
- The funding signifies the importance of tech infrastructure for fintech startups focused on financial inclusion in rural India.
- Government support through equity infusions is vital for fintech startups to expand access to financial services in underserved areas.
- Saswat Finance leverages alternative data to provide value at the last mile in the digital transformation of dairy and supply chains.
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Economic Times
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Investors want clear ocean management rules to scale up funding
- A UN push for investment in ocean protection yielded $10 billion in deals at a recent conference, falling short of the needed $175 billion annually.
- Investors seek clearer regulations on ocean management before committing funds as the lack of a governing framework and data has hindered private sector finance.
- Only 50 countries have ratified the new High Seas treaty to govern international waters, while the US has yet to ratify it.
- Public sector banks contributed significantly to the deals, with funding aimed at fighting plastic pollution and other ocean-related issues.
- Private investment in ocean protection is still in its infancy, with challenges in policy backdrop, regulation, and funding shortfalls.
- Ocean tech received only 0.4% of the total investments between 2020 and 2025, indicating a need for more focus and financing in the sector.
- Policymakers and investors need to address systemic risks such as overfishing, pollution, and climate change to protect marine biodiversity and ocean health.
- Efforts to curb effects like water acidification and coral bleaching necessitate cutting carbon emissions and stricter policy actions against damaging practices.
- Recent progress includes countries supporting calls to prevent deep-sea mining and the creation of new Marine Protected Areas.
- The ocean, long neglected, requires concerted efforts to address the threats it faces and create sustainable practices for the future.
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Bloomberg Quint
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iPhone 17 Pro, iPhone 17 Pro Max: 10 Massive Feature Upgrades Apple Is Planning
- Apple is rumored to introduce major feature upgrades in the upcoming iPhone 17 Pro and Pro Max models.
- Expected upgrades include a bigger camera bump, new build with a mix of glass and aluminum, improved cameras, and video recording enhancements.
- The iPhone 17 Pro models may feature a 48MP telephoto camera, 24MP selfie shooter, and support for 8K video recording.
- The devices could be powered by the A19 Pro chip with a 3nm manufacturing process and pack 12GB of RAM for improved processing.
- Leaked details suggest a sky blue color option for the iPhone 17 Pro and Pro Max models, along with an Apple-designed Wi-Fi 7 chip.
- The iPhone 17 Pro Max is expected to have a larger battery capacity, while both Pro models will use vapour chamber cooling technology for heat management.
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Bloomberg Quint
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Tata Motors Well Positioned To Navigate Near-Term Challenges, Says ICICI Securities Maintaining 'Add'
- Tata Motors is facing near to medium-term challenges such as currency volatility, elevated capex, working capital requirements, and product transition costs according to ICICI Securities.
- Jaguar Land Rover is engaging with the US government regarding tariffs with expectations for a reduction from 27.5% to 10% under the UK-US trade deal. The tariffs on Slovakia, where the Defender SUV is produced, will depend on the EU tariff deal. JLR is redirecting supply to other markets and considering pricing actions in the US to offset tariff impacts.
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Bloomberg Quint
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Tata Motors Has CLSA, Morgan Stanley, Other Brokerages Positive Despite Weak JLR Guidance — Here's Why
- Despite Tata Motors' negative outlook for JLR in FY26, brokerages predict medium-term revival driven by cost savings and trade agreements.
- Tata Motors expects JLR revenue to fall from £29 billion in FY25 to £28 billion in FY26, with EBIT margin decreasing from 8.5% to 5-7%.
- Brokerages like Morgan Stanley and CLSA maintain positive ratings on Tata Motors, foreseeing resilience and value unlocking post-demerging.
- Emkay notes JLR's strengthened business profile, robust balance sheet, and targets a 10% upside for Tata Motors.
- Jefferies remains cautious with an 'underperform' rating due to concerns about headwinds across Tata Motors businesses.
- Key aspects for investors include the upcoming demerger of trucks and cars business, relaunch of Jaguar as electric brand, and growth revival in domestic car market.
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Bloomberg Quint
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Oswal Pumps IPO GMP Jumps Ahead Of Listing This Week; Check Details
- The Grey Market Premium (GMP) for the Oswal Pumps IPO reached Rs 88 per share on June 11, indicating strong demand.
- The IPO saw a GMP of Rs 57 per share on June 17, predicting a listing price of Rs 671 per share.
- The mainboard issue of Oswal Pumps was oversubscribed almost three times by the end of the bidding period.
- The IPO is valued at Rs 1,387.34 crore with a price band set between Rs 584 to Rs 614 per share.
- Retail investors can bid for a single lot size of 24 shares, requiring an investment of Rs 14,736.
- Non-Institutional Investors subscribed their category 9.63 times, showing significant interest.
- Shares of Oswal Pumps are expected to be listed on NSE and BSE on June 20.
- Proceeds from the IPO will be used for capital expenditure, loan repayment, and general corporate purposes.
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Bloomberg Quint
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Iran-Israel Conflict: What Is Strait Of Hormuz And Why It Is Significant To Global Trade
- Tensions escalate between Israel and Iran, with concerns rising over the potential closure of the vital Strait of Hormuz.
- The Strait of Hormuz is a critical route for global oil and gas trade, with around 17 million barrels of oil passing through daily.
- Iran's parliament member mentioned the possibility of blocking the strait, a move that could significantly impact international oil markets.
- Closure of the strait could disrupt 20% of the world's oil consumption, emphasizing its strategic importance.
- Iran has previously used threats of closing the strait as a form of retaliation during periods of conflict or sanctions.
- The narrow Strait of Hormuz connects the Persian Gulf to the Gulf of Oman and the Arabian Sea, serving as a crucial passage for large tankers.
- Iran controls seven out of eight major islands in the strait, enhancing its ability to monitor and influence maritime activities.
- Despite the threats, Iran could face negative consequences from closing the strait, impacting its economic interests and risking strained relations with neighboring countries.
- India heavily relies on the Strait of Hormuz for oil and gas imports, with disruptions potentially posing challenges to its energy security and prices.
- Stalled regional projects like the Chah Bahar Port and the IMEC corridor highlight India's strategic interests in the region.
- The strait's closure could lead to complex diplomatic challenges for India amidst global tensions and energy security concerns.
- The US Navy's Fifth Fleet in Bahrain is closely monitoring the situation to ensure the security of the strait and global trade.
- The strait's geopolitical significance and role in the world's energy network underscore the potential impact of any disruptions in the region.
- While the strait remains a crucial artery for global trade, any closure could have far-reaching consequences on international markets and geopolitical dynamics.
- The escalating tensions highlight the delicate balance of power and interests in the region, with implications for various countries dependent on the strait for energy trade.
- Given the gravity of the situation and its implications for global trade and security, the standoff between Israel and Iran over the Strait of Hormuz continues to be a significant concern for the international community.
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