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Bloomberg Quint

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Buy, Sell Or Hold: Cipla, Premier Energies, Bajaj Finance, Tata Motors, Tilaknagar Industries — Ask Profit

  • Analysts provide insights on stock recommendations for various companies including Cipla, Premier Energies, Bajaj Finance, Tata Motors, Tilaknagar Industries, and Varun Beverages.
  • Gaurav Sharma recommends holding Cipla shares at the current price as the stock is stable.
  • Mahesh Ojha advises avoiding Premier Energies for now and suggests a favorable price for entry.
  • Gaurav suggests refraining from making fresh buys in Bajaj Finance, while existing investors should maintain their positions around Rs 880-860 range.
  • Mahesh recommends exiting Tata Motors due to limited potential and cautious long-term outlook.
  • For Tilaknagar Industries, Mahesh suggests booking profits in the near term or aiming for a target price in the long run.
  • Gaurav advises waiting to enter Camlin Fine Sciences stock at a potential correction around Rs 270-280.
  • Mahesh considers Varun Beverages promising for long-term investment with gradual accumulation.
  • Investment advisers' views on NDTV Profit are personal recommendations and viewers are urged to consult with their financial advisers.

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SEBI Proposes New Disclosure Rules for Securitised Debt

  • SEBI has proposed new disclosure rules for securitized debt instruments to enhance transparency and investor protection.
  • Special purpose distinct entities and their trustees will need to provide detailed half-yearly disclosures on asset performance, structure, and credit quality.
  • The disclosures must be submitted to SEBI and stock exchanges within 21 days from the end of March and September.
  • Different disclosure requirements will apply based on the type of securitized assets, including loans, debt securities, or credit facilities.
  • Trustees must disclose data on various aspects like asset maturity profiles, overdue exposures, prepayment rates, recovery actions, and more.
  • Specific information is required on credit enhancements, liquidity support, and significant events impacting creditworthiness or receivables servicing.
  • Trustees also need to report any post-securitization amendments to loan terms and provide updates on asset pool distribution.
  • The proposed formats aim to facilitate automated supervision and processing of data to ensure greater market transparency and discipline.
  • SEBI's initiative aligns with the Reserve Bank of India's revised securitization framework.
  • SEBI is seeking public feedback on the draft circular regarding the periodic disclosure requirements for trustees until July 7.
  • The proposed rules aim to modernize the securitization market to meet evolving regulatory standards.
  • The consultation paper is based on a review by a SEBI working group aligning regulations with RBI guidelines on securitization.
  • The move is part of SEBI's efforts to strengthen regulations and protect investor interests in securitized debt instruments.
  • The objective is to enhance market integrity and ensure more effective monitoring and reporting within the securitization market.
  • SEBI's call for public feedback demonstrates a collaborative approach to refining regulations in the financial sector.
  • The proposed measures reflect a significant step towards increasing financial market transparency and accountability.

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G-7 Works To Secure Critical Minerals In Face Of China Curbs

  • The G-7 leaders are working on securing critical minerals to reduce reliance on China for key materials used in various industries.
  • An 'action plan' is being discussed during the G-7 meeting in Canada to diversify supplies of vital metals and promote immediate investment in projects.
  • China, a dominant player in rare earth production, poses a significant risk to the global economy due to its control over these critical minerals.
  • Export controls imposed by China on rare earths and other materials have highlighted the vulnerability of western economies.
  • The draft document emphasizes the importance of resilient critical minerals supply chains governed by market principles.
  • There is a call for increased investment in responsible critical minerals projects to ensure future supply chain security.
  • Encouragement is given for multilateral development banks and private lenders to provide financing for critical minerals projects.
  • The G-7 nations involved in this initiative include the US, Canada, Japan, Germany, the UK, France, Italy, and the European Union.

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Solara Active Pharma Block Deal: Promoter Entity Buys 4.16% Stake For Rs 99 Crore

  • In a block deal, Spiracca Ventures LLP sold 20 lakh shares of Solara Active Pharma Sciences to promoter Pronomz Ventures LLP for Rs 99 crore.
  • Pronomz Ventures LLP purchased a 4.16% stake in Solara Active Pharma Sciences through this transaction.
  • Spiracca Ventures LLP sold shares at Rs 495 apiece, with the total promoter shareholding in Solara standing at 37.94% as of March.
  • On the same day, Reliance Industries reduced its stake in Asian Paints, selling shares worth Rs 1,876 crore.
  • ICICI Prudential Mutual Fund was the sole buyer, acquiring 85 lakh shares at Rs 2,207 apiece in the Asian Paints transaction.
  • Solara Active Pharma Sciences specializes in developing active pharmaceutical ingredients and contract manufacturing services.
  • The company focuses on providing commercial APIs and related services across various therapeutic areas.
  • Shares of Solara Active Pharma Sciences closed slightly higher at Rs 505.50 apiece.

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Bata Group Global CEO Sandeep Kataria Resigns, Panos Mytaros To Succeed

  • Bata Group announced the appointment of Panos Mytaros as the new Global CEO, succeeding Sandeep Kataria as part of its succession plan.
  • Sandeep Kataria, the first Indian to head the Switzerland-based footwear major, resigned as the Global CEO.
  • Kataria had joined Bata in 2017 and led the India operations before taking on the Global CEO role.
  • Under Kataria's leadership, Bata accelerated its digital agenda, expanded into new markets, and modernized business practices.
  • Bata expressed its thanks to Kataria for his significant period of transformation during the global pandemic.
  • Panos Mytaros, with over 30 years of experience in the footwear and leather industry, will assume the CEO position from September 15, 2025.
  • Mytaros previously held senior positions at ECCO and was the CEO from 2021 to 2024.
  • Graham Allan, Chairman of Bata Group, praised Mytaros for his industry knowledge and brand building experience.
  • Bata, a leading shoe brand in India with over 1,900 stores, sees Mytaros as the ideal candidate for its next phase of growth.

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US Agency Launches Parallel Probe Into Air India Plane Crash, Foreign Experts Visit Site

  • The United States' National Transportation Safety Board (NTSB) has launched a parallel probe into the Air India plane crash in India.
  • The crash involved a London-bound Boeing 787-8 (AI 171) that killed 241 people on board and 29 people on the ground.
  • The US NTSB, as the aircraft is American-made, is conducting an investigation under international protocols.
  • Several international experts have been inspecting the crash site for clues, including teams from Boeing and Air India.
  • The cockpit voice recorder has been found, aiding investigators in determining the cause of the crash.
  • Assistance in the probe is being provided by officials from the Airports Authority of India and Gujarat police.

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RBI Issues Draft Norms On Rupee Interest Rate Derivatives

  • The Reserve Bank of India (RBI) issued draft regulations for Rupee Interest Rate Derivatives to align with market developments.
  • The existing regulatory framework for Rupee Interest Rate Derivatives was issued in June 2019.
  • A comprehensive review of the IRD Directions was undertaken to include new market developments.
  • Non-residents can engage in IRD transactions through their central treasury or group entity, as per the draft.
  • Comments on the draft Master Direction are sought by RBI from banks, market participants, and interested parties by July 7, 2025.
  • Reporting requirements have been rationalized in the draft to reduce compliance burden.
  • A proposal for reporting of IRD transactions undertaken globally aims to enhance transparency in the Rupee IRD market.

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Jindal Steel & Power Changes Name To Jindal Steel

  • Jindal Steel & Power Ltd. changes its name to Jindal Steel Ltd. in alignment with its core business and strategic focus, approved by the board of directors.
  • Lodha Developers Ltd., previously known as Macrotech Developers Ltd., also changed its name with sanction from the Registrar of Companies.
  • Jindal Steel has a significant presence in steel, mining, power, and infrastructure industries, with operations in various continents including India, Africa, and Australia.
  • The stock price of Jindal Steel closed 0.20% higher at Rs 922.60 apiece on the NSE, with analysts giving varying ratings and a 5.7% potential upside according to Bloomberg data.

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Stronger Indo-Oz Ties Take Centre Stage With Education, Innovation, Leadership

  • The India-Australia partnership is evolving into a multi-sectoral collaboration focused on democratic values and a shared ambition to lead in the knowledge economy.
  • A recent New Roadmap for Australia-India Relations emphasizes growth in clean energy, education, agribusiness, and tourism.
  • Senior leaders from Deakin University highlighted the growing ties between India and Australia, with strategic convergence in various fields.
  • Bilateral trade between India and Australia has surged to AU$49 billion, with mutual investments exceeding AU$54 billion.
  • The partnership underscores the importance of education as a catalytic element, with Deakin University leading in future-forward education collaboration.
  • India's National Education Policy 2020 has facilitated academic collaboration, mutual recognition of qualifications, and foreign campuses in India.
  • Deakin University's GIFT City campus in Gujarat International Finance Tec-City is a result of NEP's progressive vision.
  • There is an emphasis on pairing university education with vocational training to provide students with a comprehensive skill set.
  • Deakin University has invested over AU$50 million in scholarships and partnerships in India over three decades, focusing on educational excellence and innovation.
  • The university offers an affordable 'two-plus-two' model, allowing students to start studies in India and complete them in Australia.

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'Matter Of When, Not If': Exporters Brace For Higher Costs As Baltic Dry Index Up 50%

  • The Baltic Dry Index, a key shipping cost benchmark, has surged over 50% to 1,968 by mid-June from 1,280 a month ago, impacting Indian exporters.
  • Rising global shipping costs due to the Israel-Iran conflict are expected to lead to trade disruptions and higher expenses for exporters.
  • Pankaj Chadha from the Engineering Export Promotion Council predicts increases in freight rates and insurance costs in July.
  • Container costs are anticipated to escalate in the coming days, affecting overall shipping expenses for exporters.
  • Shipping prices may rise further if Iran blocks the Strait of Hormuz, potentially causing significant trade route disruptions.
  • Concerns exist over the regular operation of ships and container availability, impacting trade routes to Europe.

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India Hopes For Positive Outcome From Talks With China Over Rare Earth Magnets Export Curbs

  • China's export restrictions on rare earth elements and magnets are affecting India's auto and white goods sectors.
  • India is hopeful for a positive outcome from talks with China regarding the export curbs on rare earth magnets.
  • The automobile industry seeks government support to expedite approvals for importing rare earth magnets from China.
  • Commerce Secretary stated that the export curbs are impacting various countries, not just India, particularly affecting the auto sector.
  • Efforts are being made at diplomatic and commercial levels to address this issue and ensure imports to India.
  • China's new regime may require special export licences for certain rare earth elements and magnets, affecting global supply chains.
  • The Chinese control over 90% of global processing capacity for magnets used in various sectors like automobiles and clean energy.
  • Critical materials like samarium, gadolinium, terbium, dysprosium, and lutetium are now subject to special export license requirements.
  • India and China are engaging in diplomatic and commercial discussions to resolve the rare earth export issues.
  • In hopes of a positive resolution, India is facilitating talks between industries in both countries to address the import challenges.

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Zee Entertainment To Raise Rs 2,237 Crore Via Warrant Issue To Promoter Entities

  • Zee Entertainment Enterprises Ltd. plans to raise Rs 2,237 crore from promoter entities by issuing nearly 17 crore fully convertible warrants at Rs 132 apiece.
  • The warrant price is above the SEBI-prescribed floor with a Rs 3.42 premium per unit paid by promoters voluntarily.
  • Promoters are required to make an upfront payment of Rs 33 per warrant, equivalent to 25% of the warrant issue price.
  • The warrants could amount to up to 15% of the share capital on a fully diluted basis post-conversion.
  • The promoter entities can exercise their warrants within 18 months from the date of allotment.
  • Zee Entertainment will hold an extraordinary general meeting on July 10 to seek shareholder approval for the warrant issue.
  • The infusion of funds from promoters will strengthen Zee's financial foundation and support growth in its core business segments.
  • JPMorgan advised Zee on this decision to raise funds and assessed the company's growth plans and strategic initiatives.
  • Zee Entertainment stock settled 0.44% higher at Rs 137.95 apiece on the BSE after the announcement.
  • The stock has fallen 14% in the last 12 months but rose 12% year-to-date.

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'Hausala Rakho': Ahmedabad Business Community Mourns Its Own In Air India Plane Crash

  • The Air India plane crash in Ahmedabad has deeply impacted the city's business community.
  • Ahmedabad, known for its entrepreneurial spirit, is rallying together following the tragic incident.
  • The crash of the AI171 flight on June 12 resulted in the loss of 242 lives, with only one survivor.
  • Prominent members of the business community, like the Nanda family and Subhash Amin, were among the deceased.
  • The Nanda family, involved in the automotive sector, faced a tragic loss in the crash.
  • Lubi Industries LLP founder, Subhash Amin's untimely demise has added to the mourning in Ahmedabad.
  • The city has come together to support the bereaved families and honor the memory of the victims.
  • Various individuals from the business community were on the ill-fated flight to London.
  • The tragedy has sparked a wave of solidarity and condolences in Ahmedabad and beyond.
  • The 'Hausala Rakho Ahmedabad' campaign aims to show support and resilience in the face of adversity.

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Gold's Historic Rally In 2025: What's Coming Next? Experts Share

  • Gold prices experienced a historic rally in 2025, climbing to Rs 1,00,000 per 10 grams in just 74 days.
  • The surge is attributed to macroeconomic pressures, geopolitical tensions, and a sharp depreciation of the Indian Rupee.
  • Heightened tensions between Israel and Iran, the conflict between Russia and Ukraine, and central bank gold reserves have fueled safe-haven demand.
  • Factors like fears around global conflicts, tariff wars, and de-dollarisation intensified buying.
  • International gold prices remain below $3,500, with caution advised against new purchases at current levels.
  • Experts predict a potential correction if geopolitical tensions ease and the dollar strengthens, with a price range forecast for gold between Rs 90,000 and Rs 1,08,000.
  • Factors supporting gold prices include persistent dollar weakness, growing investment demand, and anticipation of U.S. Federal Reserve interest rate cuts.
  • Gold is seen as a hedge against escalating global uncertainties.
  • Anuj Gupta highlights factors that could continue to support gold prices.
  • Experts suggest caution and monitor geopolitical and economic factors impacting gold's price trajectory.

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Belgian HealthTech startup Koios Care raises €1 million to monitor and treat Parkinson’s Disease with real-world data

  • Belgian HealthTech startup Koios Care has secured €1 million in funding to enhance its efforts in revolutionizing the monitoring and treatment of Parkinson's Disease using AI technology to collect data from smartphones and smartwatches.
  • The funding round was led by Evercurious VC, along with Astylab Ventures, the imec.istart fund, and angel investors, aiming to expand the 'Parkiwatch' tool in European clinics, support regulatory clearance, and strengthen partnerships with pharmaceutical companies and research institutions.
  • Koios Care, founded by Dr Konstantinos Kyritsis and Dr Dimitris Iakovakis, focuses on improving the Quality of Life for Parkinson's patients by bridging daily life experiences with clinical care using real-world data collected passively from devices.
  • The startup is addressing the global rise of Parkinson's Disease by personalizing care, streamlining clinical workflows, and assisting in drug development through data-driven insights from smartphones and smartwatches.
  • By enabling clinicians and researchers to access objective real-life evidence, Koios Care aims to make more personalized decisions and enhance treatment outcomes for patients with neurological disorders.
  • The platform supports patients, healthcare professionals, and pharmaceutical companies by guiding treatment decisions, monitoring outcomes, and accelerating drug development through real-world data collection.
  • The funding reflects the critical need for continuous, objective data in Parkinson's care to empower patients, provide insights to medical teams, and accelerate the development of effective therapies according to Dr Iakovakis, Co-founder and CTO of Koios Care.
  • Koios Care has conducted trials with 130 patients across Europe, aligning with regulatory guidelines on digital health tools, and aims to improve therapeutic decision-making and trial success rates by reflecting real-world patient outcomes.
  • The innovative approach of Koios Care in monitoring Quality of Life with everyday devices is praised by Evercurious VC, highlighting the potential to reshape neurodegenerative disorders' care with personalized, data-driven management at scale.
  • The startup plans to expand its focus to other brain and behavior-related conditions such as Alzheimer's and narcolepsy, aiming to address areas where real-time, real-world data is crucial for care and research.

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