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Bloomberg Quint
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India’s Power Demand To Surge More Than 7% Annually Over A Decade: Goldman Sachs’ Nikhil Bhandari
- India's power demand is projected to increase by over 7% annually until FY35, according to Goldman Sachs' Nikhil Bhandari.
- Renewables and hydropower have dominated new power capacity additions, with concerns arising about grid stability and meeting rising power demand.
- The need for coexistence of thermal and renewable energy sources, along with addressing storage challenges, notably battery manufacturing, is crucial for India's energy sector growth.
- Bhandari suggests focusing on integrated renewable energy solution providers and highlights the necessity for substantial battery storage and grid modernization efforts.
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Bloomberg Quint
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Indian Hospitality Q1 Results Preview — 'Buy' Lemon Tree, 'Reduce' EIH Lists Yes Securities Among Others
- Yes Securities maintains a positive view on the Indian Hospitality industry and remains constructive on the sustainable industry upcycle.
- In Q1, there was momentum in average room rate growth, although with some moderation.
- April saw strong momentum with 11-13% ARR growth YoY and 4-6% increase in occupancy, leading to revenue per available room growth of 20-22% across the industry.
- May showed a decline in occupancy YoY due to seasonal softening and geopolitical tensions impacting travel demand.
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Medium
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The Blueprint of a Fundable Seed-Stage Startup
- Seed-stage fundraising for startups can be simplified to a few key factors.
- Investors look for traits like coachability and prior experience working together for co-founders.
- Startups need to articulate the problem clearly and explain the 'why now' for their solution.
- Validation of the problem and solution is crucial, as good communication can shape investor confidence.
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Bloomberg Quint
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Quick Commerce Eyes Tier-2 Cities As Next Growth Driver Amid Competitive, Regulatory Headwinds, Notes Emkay
- Quick Commerce is focusing on tier-2 cities for growth, despite competitive and regulatory challenges, according to brokerage firm Emkay.
- Tier-2 cities are becoming economically viable for Quick Commerce due to lower costs, making breakeven thresholds lower than in metros.
- E-commerce giants are integrating Quick Commerce features into their platforms, with large retailers adopting a hybrid model to fulfill orders from existing stores.
- Quick Commerce players are shifting focus to profitability by increasing average order value through high-margin categories, despite facing competition and execution challenges.
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SiliconCanals
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French femtech Solence bags €1.6M to help women manage PCOS through lifestyle changes
- Solence, a French health startup, has secured €1.6M in seed funding to assist women with Polycystic Ovary Syndrome (PCOS) through lifestyle changes.
- PCOS affects up to 20% of women globally, yet 85% lack sufficient support. Solence aims to address gaps in PCOS care by offering a digital app with a twelve-week program based on research.
- The company focuses on lifestyle interventions beyond medication, providing tools for symptom management and leveraging data insights for personalized care.
- Solence plans to utilize the funding to enhance its app's functionality, expand its team, establish clinical partnerships, and improve distribution strategies to benefit millions of women worldwide.
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Bloomberg Quint
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Buy, Sell, Or Hold: Brijesh Ail's Insights On Time Techno, CAMS, And CEAT
- Brijesh Ail, Head of Technical and Derivatives at IDBI Cap, recommends buying Time Technoplast Ltd., Computer Age Management Services Ltd., and Ceat Ltd.
- For Time Technoplast, the recommendation is to buy at the current market price with a stop loss at Rs 436 and a target of Rs 475.
- For Computer Age Management Services Ltd., buying is advised at the current market price with a stop loss at Rs 4,151 and a target of Rs 4,450.
- For Ceat Ltd., the suggestion is to buy at the current market price with a stop loss at Rs 3,709 and a target of Rs 4,100.
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Bloomberg Quint
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Still Waiting For EPF Interest Credit? Here’s What You Can Do
- The EPFO has initiated the process of transferring the interest amount for FY 2024-25 to EPF subscribers' accounts, and the process will be completed soon.
- The Finance Ministry has approved an interest rate of 8.25% for the year, and the interest will be credited soon, although there might be some delay in the process.
- EPFO members can check the status online and take corrective measures in case of any discrepancy in the interest credited to their accounts.
- Labour Minister Mansukh Mandaviya mentioned that EPFO is expected to finish crediting the 8.25% interest for the financial year 2024-25 into members' accounts by the end of the week.
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Eu-Startups
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German startup Skleo Health raises €3 million to combat preventable blindness with accessible AI-powered eye screenings
- Skleo Health raises €3 million in Seed funding to combat preventable blindness.
- The Düsseldorf-based HealthTech company aims to scale its accessible AI-powered eye screenings.
- The funding will help expand operations, connect patients with specialist care, and advance AI.
- Skleo Health's approach aims to make preventive eye care more accessible and efficient.
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Bloomberg Quint
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Explained: The 'Fake Wedding' Trend Viral On Social Media And Why Indians Are Going Gaga
- Fake weddings are the latest trend in urban areas, mimicking traditional Indian weddings.
- These events offer all the fun without the couple, commitments, or family drama.
- Urban youth embrace the trend for celebration, creativity, and content creation opportunities.
- Professional organizers host ticketed fake weddings, appealing not only in India but also abroad.
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Bloomberg Quint
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Kanwar Yatra 2025: Noida Police Issues Traffic Advisory; Diversions, Road Closures From July 11-25
- Noida Police issues traffic advisory for Kanwar Yatra 2025 from July 11 to 25, introducing diversions and road closures to manage the anticipated influx of Kanwariyas and ensure smooth vehicular movement.
- Road diversions and closures primarily affect vehicles in Noida and Greater Noida, with exemptions for essential services like ambulances and public transport.
- Trucks rerouted through Eastern Peripheral Expressway, vehicles redirected from DND Flyway, and MP-01 elevated road usage shifted during this period.
- Commuters advised to stay updated through official channels, plan alternate routes, and use provided helpline numbers for real-time traffic assistance during the pilgrimage.
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Bloomberg Quint
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Mid-Cap Stocks To Buy, Sell, Hold: Force Motors, Grindwell Nortan, Time Technoplast — Check Target Price
- Leading market experts recommended three midcap stocks for Thursday: Force Motors Ltd., Grindwell Nortan Ltd., and Time Technoplast Ltd.
- Shahina Mukadam sees Grindwell Nortan as a long-term investment pick with a strong balance sheet, advising to hold the stock.
- Kush Bohra's top pick is Force Motors, suggesting to hold the stock, book some profit, and set a stoploss at the Rs 14,600-mark.
- Bohra also recommends Time Technoplast, advising to stay invested in the stock and look for target prices of Rs 485 and Rs 525.
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Bloomberg Quint
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ICICI Prudential Life Shares Pare Losses After Q1 New Business Premium Rise
- ICICI Prudential Life Insurance reported a mixed business update for the April–June quarter with the annual premium equivalent falling by 5%.
- Despite the decrease in APE, new business premiums grew by 6.5% year-on-year during the first quarter of financial year 2026.
- ICICI Prudential Life Insurance's share price initially declined by 2.57% but recovered slightly after the update, trading 1.2% lower at Rs 671.4 apiece.
- Analysts have varying recommendations on the company, with 13 maintaining a 'buy' rating, 10 recommending a 'hold', and two suggesting 'sell'.
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Bloomberg Quint
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Viceroy Research To Approach SEBI On Vedanta Report | Profit Exclusive
- Viceroy Research plans to approach SEBI regarding its report on Vedanta Group to seek accountability according to a statement made to NDTV Profit.
- The report by Viceroy Research accused Vedanta Group of deceptive financial practices, including raising debt through misleading means and damaging minority shareholders.
- Viceroy Research has shorted the debt stack of Vedanta Group companies and plans to submit its findings to SEBI for investigation.
- Vedanta Group has denied the allegations, calling the report a malicious combination of baseless claims. Vedanta Ltd shares fell 7% post the report but later recovered slightly.
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Bloomberg Quint
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ICICI Prudential Q1 Business Update: Annualised Premium Equivalent Falls 5%
- ICICI Prudential Life reported a lackluster Q1 business update with a decline in Annualised Premium Equivalent (APE) growth by 5.2% in June compared to the previous year.
- Q1 APE growth for ICICI Prudential Life dropped by 5% year-on-year to Rs 1,864 crore. Retail APE growth also fell by 9.2% to Rs 1,512 crore.
- Despite the decline in APE growth, the company saw a 4.1% increase in new business premiums in June, amounting to Rs 1,573 crore. The first-quarter new business premiums grew by 6.5% year-on-year to Rs 4,012 crore.
- ICICI Prudential Life Insurance, a joint venture between ICICI Bank Ltd. and Prudential Corporation Holdings Ltd., provides life insurance and asset management services. After the update, its share price initially declined but later pared losses to trade 1.2% lower.
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Bloomberg Quint
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Religare Shares Extend Gains Ahead Of Board's Fundraise Decision
- Shares of Religare Enterprises Ltd. surged over 6% during trade after the company's announcement that the Board will consider approving a fundraise on July 11.
- The stock had notable gains the previous day, closing nearly 7% higher, with the trading window closed until after the quarterly financial results are declared.
- Religare Enterprises stock rose by 6.14% to Rs 249.6 apiece on the NSE, trading higher at Rs 246.5 apiece. The company witnessed a decline in the last six months but has shown a rise over the last three months.
- The total traded volume was significantly higher than the average, with the relative strength index at 68.9.
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