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Bloomberg Quint

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Tata Motors Flags Near-Zero Free Cash Flow For FY26 Amid Weaker JLR Outlook

Tata Motors expects near-zero free cash flow for FY26, signaling concerns over profitability and liquidity amidst a weaker Jaguar Land Rover (JLR) outlook.
JLR has revised its EBIT margin guidance downward to 5–7% for fiscal 2026 from the earlier estimate of 10%, attributed to challenges in China's premium vehicle market.
Over 215 models have faced price reductions in 2024, with a 15% decline in the premium market, impacting JLR's sales volumes and profitability.
Despite the cautious outlook, Tata Motors remains optimistic about a gradual recovery starting in fiscal 2027, supported by investments and operational efficiencies.
Tata Motors plans disciplined investments of approximately Rs 2.09 lakh crore between 2024 and 2028 to aid future growth.
The Enterprise Mission initiative aims to generate annual cost efficiencies of around Rs 16,332 crore to help improve margins and drive long-term profitability.
JLR reported strong performance in FY25 with record profitability and high free cash flow, signaling sustained demand for core models.
The company declared its highest-ever dividend and plans to launch the Freelander brand vehicle in the second half of FY26 to bolster its market presence.

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SiliconCanals

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After securing €46M, LemFi acquires UK fintech Pillar to expand credit access for immigrants globally

LemFi, an immigrant financial services platform based in Oakland, California, has acquired UK credit fintech company Pillar.
The acquisition follows LemFi raising $53M (approximately €46M) from Highland Europe earlier this year.
Pillar's technology aims to help immigrants access credit products using unique data and analytics, powered by Open Banking.
Pillar's co-founder expressed excitement about the partnership with LemFi to increase global credit access.
LemFi recently launched LemFi Credit, the first remittance platform to integrate credit services.
LemFi Credit has gained over 8,000 users with 18% weekly growth during a private beta.
Users receive a virtual card compatible with Apple Pay and Google Pay, with physical Visa cards to be available later.
The cards will leverage Pillar's technology to import international credit histories, assess creditworthiness, and facilitate credit building.
Ridwan Olalere, LemFi CEO, highlighted the importance of credit within the LemFi app.
The acquisition of Pillar enhances LemFi's ability to offer tailored credit services for immigrants.
LemFi gains access to Pillar's technology, FCA credit license, and the expertise of Pillar's co-founders.
LemFi, founded in 2021, provides financial services for immigrants, offering payments, remittances, and multi-currency accounts.
The platform has over two million customers globally and $1B monthly transaction volume.
LemFi plans to expand into Asia and Latin America, supported by $85M funding from investors like Y Combinator and Highland Europe.
The company's team consists of 300+ individuals across Africa, Europe, and North America.

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Bloomberg Quint

126

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Israel-Iran Conflict: Indian Market May Stabilise Soon But With No Big Rallies Yet, Says Samir Arora

Samir Arora, founder and fund manager at Helios Capital, believes that the Indian market may stabilize soon amidst rising geopolitical tensions, including the Israel-Iran conflict.
Arora expects any immediate volatility to be short-lived unless the situation significantly escalates, especially involving direct US participation.
The recent weakness in the market has been attributed more to foreign fund flows than domestic fundamentals according to Arora.
He advised investors not to panic and mentioned that markets have historically recovered from similar crises with limited lasting impact.
Arora ruled out the possibility of a sharp rally in the market, emphasizing the need for periods of consolidation.
He mentioned that a 10% return over the next 9–12 months, supported by an earnings recovery in sectors like consumer and IT, would be a positive outcome.
Arora advocates for a disciplined and patient approach to investing, emphasizing the importance of investing in education and career for long-term financial success.
For younger investors, he recommended a long-term SIP strategy over seeking quick gains, highlighting the benefits of compounding over time.
Arora noted that slower starts in SIPs could be more beneficial in the long term as markets that rise gradually tend to serve long-term investors better.
He suggested that individuals who started investing two decades ago can consider drawing down now without guilt, emphasizing the value of consistency in investment strategies.
Arora highlighted significant outflows from US equity markets, but inflows into ETFs suggest a shift in allocation rather than a withdrawal from risk assets.
Rising gold demand is influenced by anti-dollar sentiment and continued outperformance, leading to its increasing weight in portfolios, according to Arora.

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Bloomberg Quint

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India Inc To Report Stable Revenue Growth In June quarter: ICRA

India Inc is expected to report stable revenue growth in the June quarter of the current fiscal year supported by resilient domestic demand.
ICRA forecasts India Inc's operating profit margins to be at 18.2-18.5% in the first quarter of fiscal 2026, following a sequential recovery over the past few quarters.
The moderation in interest costs due to recent repo rate cuts totaling 100 bps is expected to improve the interest coverage ratio for India Inc.
Private capital expenditure cycle is expected to remain measured amidst uncertain global environment.
Sunrise sectors like electronics, semi-conductors, and niche segments within the automotive space such as electric vehicles are likely to see increased investments.
Entities associated with the Indian Railways and defence sectors are expected to benefit from large order books translating into revenues and earnings.
Resilient domestic demand, with healthy rural demand and recovering urban demand supported by income tax relief and easing food inflation, will contribute to stable revenue growth for India Inc.
Geopolitical tensions continue to impact demand sentiments, particularly for export-oriented sectors like agro-chemicals, textiles, auto and auto components, cut and polished diamonds, and IT services.

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TechJuice

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Rs200 Prize Bond Draw June 2025 Results Released ( With New Tax Rates)

The Rs200 prize bond draw June 2025 results were announced by the National Savings Centre in Karachi, with various winners across different prize categories.
The first prize of Rs750,000 was won by the bond number 597355, while the second prize of Rs250,000 each went to five bondholders.
Additionally, 2,394 participants will receive the third prize of Rs1,250 each.
Winners can claim their prizes through designated bank branches or National Savings offices.
Tax rates for the prize money are set at 15% for filers and 35% for non-filers.
The Rs200 prize bond draw June 2025 showcased a wide range of winning bond numbers across different prize categories.
Prize bonds continue to be a popular investment choice due to government security and the chance to win prizes.
Filers and non-filers will face different taxation rates on their prize winnings from the draw.
Overall, the draw provided many individuals with an opportunity to win through Pakistan’s national savings scheme.
The article is eligible for web story generation.

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Eu-Startups

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Zurich-based aerial robotics startup Voliro flies high with €19.8 million to deploy their maintenance drones

Swiss aerial robotics startup Voliro raises €19.8 million in Series A extension to accelerate development of their inspection drones.
Funding includes participation from noa and a debt facility from UBS, with Cherry Ventures leading the original round.
Voliro's technology enhances industrial safety, asset maintenance for wind farms, and addresses workforce shortages in inspections.
Their Voliro T drone features a patented tiltable rotor system for stable contact during inspections.
The company aims to improve safety, data quality, and efficiency in inspections, offering a versatile and intelligent platform.
Voliro has a global presence, conducting over 100 contact inspections monthly for customers like Chevron and Holcim.
Their drones target hard-to-access infrastructure to prevent failures, reduce risks, and lower inspection costs in various industries.
Traditional manual inspection methods are costly, infrequent, and reactive, leading to corrosion-related failures and accidents.
Voliro's automation solutions help industries detect issues early, reduce downtime, and attract digital-native technicians.
The investment will accelerate the development of AI-powered inspection reporting, enhanced autonomy, and modular payloads for Voliro's drones.

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Bloomberg Quint

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Earthood Services Re-Files Draft Papers To Raise Funds Through IPO

Earthood Services Ltd. re-filed its preliminary papers for an initial public offering with the Securities and Exchange Board of India with changes in the offer structure.
The IPO now consists of only an offer for sale of 62.90 lakh shares by the company.
Kaviraj Singh and Ashok Gautam, the company's promoters, are offloading shares in the Offer for Sale (OFS).
Unistone Capital Pvt. is the book-running lead manager, and MUFG Link Intime India Pvt. will be the registrar of the issue.
Earthood Services specializes in providing environmental, social, and governance advisory and assurance services.
The company has executed notable projects, including certifying carbon neutrality for Delhi Metro Rail Corp.'s Metro Bhawan.
In fiscal year 2024, the company saw a 45% increase in revenue and 80% increase in profit primarily driven by carbon verification services.
For the nine months ended December 31, 2024, revenue from operations was Rs 33.67 crore, and profit was Rs 8.14 crore.

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Bloomberg Quint

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Bharat Electronics Share Price At All-Time High

Bharat Electronics Ltd. (BEL) shares hit an all-time high, reaching Rs 402.50 apiece, marking a 2.11% increase.
Brokerage firm Antique reiterated its bullish stance on BEL, with India targeting defense capital outlay worth Rs 16 lakh crore through domestic procurement by 2030.
The stock had been in the limelight recently.
This is a developing story.
BEL shares rose to a fresh record on Monday.
Share price of BEL reached the highest level on Monday.
BEL stock surged to Rs 402.50 per share.
Antique expressed optimism about BEL.
India aims for significant defense capital outlay through domestic procurement by 2030.

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Bloomberg Quint

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Trade Deficit Narrows To $21.88 Billion In May

India's trade deficit narrowed to $21.88 billion in May from $26.43 billion in April with imports falling by 1.7% year-on-year.
The trade deficit was lower than the estimated $25 billion, with forecasts ranging from $28.8 billion to $20 billion from 21 economists tracked by Bloomberg.
Merchandise exports in May declined by 2.2% to $38.73 billion compared to $39.59 billion a year ago, while imports dropped to $60.61 billion from $61.68 billion during the same period.
In the services sector, exports were $32.29 billion, and imports stood at $17.14 billion.
The trade deficit widening to $26.41 billion in April was recorded.

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Bloomberg Quint

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IDFC First Bank, Aarti Industries Among Top MidCap Picks

IDFC First Bank, Aarti Industries, and Suzlon Energy are recommended midcap stocks for long-term investment by Brijesh Ail of IDBI Capital.
IDFC First Bank, established in 2015, offers a range of financial services and is seen as a solid pick for the next three years.
Ail predicts IDFC First Bank's stock could potentially reach Rs 90 or higher in the long term.
Aarti Industries, a leading manufacturer of specialty chemicals, is another strong pick according to Ail.
Ail suggests Aarti Industries for a long-term investment, anticipating the stock could exceed the Rs 600 level.
Suzlon Energy, established in 1995, has installed over 21 GW of wind energy globally.
Ail recommends buying Suzlon Energy at current levels with a long-term target price above Rs 80.
The views expressed by investment advisers are their own and viewers are advised to consult their financial adviser before making any investment decisions.

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Bloomberg Quint

247

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Stocks To Buy Or Sell: Gaurav Sharma's Top Three Picks On June 16

Gaurav Sharma, from Globe Capital, recommends Bank of Baroda, Biocon, and ICICI Lombard as top picks on June 16.
As of midday, Nifty 50 was up by 0.86% and Sensex 30 was up by 0.81%.
Bank of Baroda is advised to be bought at Rs 239 with a target of Rs 250 and a stop loss at Rs 234.
Biocon shares should be bought at Rs 355 with a target of Rs 378 and a stop loss at Rs 345.
ICICI Lombard stocks are recommended at Rs 1,940 with a target of Rs 2,100 and a stop loss at Rs 1,860.
Analysts' recommendations for these stocks align with Sharma's picks.
Investors are advised to consult their financial advisors before making investment decisions.

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Bloomberg Quint

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Nifty In Technical Charts: Forces Back Into The Range

The article discusses the impact of global geopolitical events like the Israel-Iran conflict and Ukraine-Russia tensions on stock market trends, emphasizing the current uncertainty in the market.
Traders are advised to use stop losses effectively and be cautious due to the unpredictable nature of macro events affecting market movements.
The article highlights the recent fall in Nifty and Bank Nifty, attributing it to the geopolitical tensions and suggests that the market may need to retest lower supports or make fresh upward attempts.
It mentions the importance of closely monitoring oil prices as indicators of geopolitical tensions and their impact on market sentiments.
Traders are urged to reconsider bullish targets and wait for clarity before making significant commitments due to the cloudy outlook caused by ongoing geopolitical conflicts.
The article advises caution regarding leveraged positions, suggests re-evaluating stock selections based on momentum, and hints at a possible shift towards day trading strategies.
It emphasizes the need for vigilant risk management, including booking profits, cutting losses, and reevaluating trade positions to adapt to the current market uncertainties.
The article concludes by recommending a more cautious and selective approach to trading, awaiting clearer market signals before making significant trading decisions.

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Bloomberg Quint

189

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Sunjay Kapur Death: Can A Bee Sting Trigger Heart Attack? Cardiologist Dr Naresh Trehan Explains

Sunjay Kapur, Chairman of Sona Comstar, passed away at age 53 while playing a polo match in England on June 12, leading to widespread speculation about the cause of his sudden death.
Initial reports suggested he might have suffered an anaphylactic shock after allegedly ingesting a bee, but an official explanation is pending.
Cardiovascular surgeon Dr. Naresh Trehan mentioned the possibility of an anaphylactic reaction to a bee sting as a rare but potential cause of Kapur's death.
During the match, Kapur indicated he was choking, possibly due to ingesting something, with conflicting reports on whether it was an insect sting or ingestion.
Post-mortem in London is expected to provide more insights into the exact cause of death.
Sunjay Kapur, previously married to actress Karisma Kapoor, had two children and remarried to model Priya Sachdev after their divorce in 2016.
Final rites for Kapur will be conducted in New Delhi, pending the arrival of his body from the UK.
Efforts to repatriate Kapur's body to India face delays due to his US citizenship, necessitating paperwork as per consulate procedures.

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Bloomberg Quint

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'Buy' Ather Energy Shares Says HDFC Securities As It Initiates Coverage

HDFC Securities has initiated coverage on Ather Energy and recommends buying its shares for investors interested in the Indian EV transition story.
Ather Energy is seen as offering a good opportunity for EV pure play investments, with potential for scaling up through product portfolio expansion and dealership network expansion.
The brokerage believes that India is still in the early stages of the EV transition, making it advantageous to invest early in companies that could become strong leaders in the future.
Ather Energy's product-focused approach positions it as a technology leader in the electric vehicle sector.

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Global Fintech Series

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PingPong launches InvestXB In Luxembourg, Bringing Next- Generation Infrastructure To Alternative Investments

PingPong launches InvestXB in Luxembourg, a next-generation infrastructure solution for alternative investment professionals, with a focus on speed and compliance.
PingPong received approval from Luxembourg's financial regulator in 2020 to operate as an Electronic Money Institution with passporting rights across the European Economic Area.
InvestXB offers multi-currency account opening, supporting investors and assets globally, including international Ultimate Beneficial Owners.
InvestXB can open accounts within 24 hours, providing rapid operational efficiency for fund managers compared to traditional providers.
The platform enables global investment vehicles to open multi-currency Luxembourg-based IBANs, accept funds in 23 currencies, and disburse in over 200 countries.
InvestXB's global capabilities cater to the interconnected investment landscape, giving professionals flexibility in managing funds and FX across regions.
A dedicated team in Luxembourg ensures seamless support with expertise in fund compliance, structures, and management for investment professionals.

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