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Bloomberg Quint
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Gurugram Waterlogged: Work From Home Advisory Issued, IMD Predicts More Showers In Delhi-NCR Today
- Gurugram faced heavy rainfall leading to waterlogging in many areas, receiving 103 mm in 90 minutes.
- The district administration issued a work from home advisory due to waterlogging for corporate offices and private establishments in Gurugram.
- IMD predicts more showers in Delhi-NCR, issuing a Yellow alert for Thursday following heavy rainfall.
- Videos surfaced showing severe waterlogging in Gurugram, with similar scenes on Sheetla Mata Road and concerns raised about drainage systems.
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SiliconCanals
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Skleo Health bags €3M to fight preventable blindness with AI-powered eye screenings
- German healthtech startup Skleo Health secures €3M funding for AI-powered eye screenings.
- The funding helps expand eye screening network nationwide for preventive care solutions.
- Skleo's platform offers quick and accurate eye screenings to detect conditions early.
- Partnerships with optical chains, pharmacies, and corporate sectors support Skleo Health's growth.
- Collaboration with lead investor Sanoptis aims to revolutionize preventive eye care in Europe.
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Bloomberg Quint
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Shoppers Beware: These Amazon Prime Day Sale Domains May Be Fake, Steal Your Data
- More than 1,200 new websites imitating Amazon have been registered recently, with 87% identified as malicious or suspicious.
- Cyber criminals are creating fake domains that mimic Amazon's login or checkout pages to steal login details and personal data of users.
- Phishing emails are supporting these fake domains, tricking users into clicking harmful links by posing as urgent messages from Amazon.
- To stay safe during Amazon Prime Day, shoppers are advised to verify URLs, avoid clicking on suspicious links, and use strong passwords with two-factor authentication.
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Bloomberg Quint
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Asian Paints Shares Trade Lower Post Akzo Nobel-JSW Paints Deal
- Shares of Asian Paints fell by 0.38% to Rs 2,489.40 apiece after offloading stake in Akzo Nobel.
- Asian Paints traded lower following the transaction which constituted 4.42% of the company's equity.
- The offloaded stake in Akzo Nobel was valued at Rs 734 crore as part of the JSW Paints deal.
- The stock has fallen 16.80% in the last 12 months and has mixed analyst recommendations, with an average consensus price target indicating a downside of 6.1%.
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Bloomberg Quint
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407
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Latest Leaks Indicate Samsung Galaxy S26 Ultra Will Be Slimmer Than iPhone 17 Pro Max
- Latest leaks suggest that the upcoming Samsung Galaxy S26 Ultra could have a slimmer body than the iPhone 17 Pro Max, with a rumored thickness of under 8mm.
- The tipster @UniverseIce highlighted that the Galaxy S26 Ultra may be thinner than the iPhone 17 Pro Max, marking the start of different design paths for the two companies.
- Speculations indicate the Samsung Galaxy S26 Ultra will feature 16GB of RAM, Snapdragon 8 Elite Gen 2 chipset, potential removal of the camera ring design, and a camera setup including a 200MP main sensor.
- On the other hand, the iPhone 17 Pro Max is expected to have design upgrades like a new aluminum frame, redesigned camera module, and a 24MP front lens for the selfie camera.
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Bloomberg Quint
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Ashok Leyland Shares Rise For Third Day; Bonus Share Allotment In Focus
- Ashok Leyland's share price rose for the third consecutive day as market participants anticipated the bonus share issuance scheduled for July 17 in a 1:1 ratio.
- The allotment committee of Ashok Leyland will assess shareholder eligibility on July 16, with bonus shares becoming tradable from July 18 based on an exchange filing.
- In June, Ashok Leyland reported a 3% year-on-year increase in auto sales, with domestic sales slightly declining by 1% to 14,184 units.
- The stock price of Ashok Leyland increased by 1.24% to Rs 254 per share, with a 52-week high of Rs 264.65 and a low of Rs 191.86. Analysts maintain a 'buy' rating with a consensus price target reflecting a 6.1% upside.
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Bloomberg Quint
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1.2k
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Belrise Industries Share Price Falls Snapping Two-Day Rally
- Belrise Industries share price fell nearly 2% on Thursday, ending a two-day rally triggered by a 'buy' rating by Jefferies.
- The stock surged 13% over the last two trading sessions driven by strong growth prospects and attractive valuations highlighted by the brokerage.
- Belrise Industries, a key player in the two-wheeler metal component market in India, aims to replicate its success in the four-wheeler segment according to Promoter Sumedh Badve.
- With the stock price falling 1.71% to Rs 114.50 apiece, the one analyst tracking the company maintains a 'buy' rating with a 12-month consensus price target suggesting a 15.9% upside.
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Bloomberg Quint
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567
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Vedanta Shares Flat Ahead Of Anil Agarwal's AGM Speech Amid Viceroy Controversy
- Vedanta Group is facing controversy following a report by Viceroy Research alleging financial unsustainability and risk to creditors.
- The group dismissed the report as misinformation and baseless allegations aimed at discrediting them.
- Vedanta shares remained flat ahead of Anil Agarwal's AGM speech, with the company claiming the report was meant to create false market sentiment.
- Analysts have a mixed outlook on Vedanta shares, with most recommending a buy and an average price target implying a 17% upside potential.
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Bloomberg Quint
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214
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Indian IPOs Set To Raise Up To $18 Billion In Second-Half Surge
- India's primary market is expected to raise up to $18 billion through IPOs in the second half of 2025, with companies like Tata Capital Ltd., ICICI Prudential Asset Management Co., and others planning to go public.
- The surge in IPO offerings follows a slow start in the first half of the year, with $5.3 billion raised from IPOs. The rebound is attributed to a buoyant stock market and strong performances of companies like HDB Financial Services Ltd.
- Investor confidence is on the rise due to foreign inflows and aggressive monetary easing by the central bank, despite initial market volatility. More than 50 IPOs are expected to tap the market by year-end.
- Among the notable IPOs anticipated in the second half are e-commerce company Meesho Ltd., stock broking firm Groww Invest Tech Pvt., and eyewear-maker Lenskart Solutions Ltd.
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Bloomberg Quint
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Bharat Dynamics Bags 'Neutral' Rating As Motilal Oswal Initiates Coverage — Here's Why
- Motilal Oswal has given Bharat Dynamics a 'Neutral' rating as they initiate coverage.
- Bharat Dynamics is focusing on scaling up its revenues and order book, but with fair valuations, Motilal Oswal suggests looking for lower price points to enter the stock.
- Bharat Dynamics' stock is currently trading at 70x/52x/38x P/E on FY26/27/FY28 estimates.
- The company specializes in developing advanced guided missiles, underwater weapons, and airborne products. They hold an order book of ~Rs 227 billion and have a prospect pipeline of Rs 500 billion.
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Bloomberg Quint
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412
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India Urges Fast-Tracked Review Of ASEAN FTA Amid Termination Buzz
- India is urging a fast-tracked review of the ASEAN Free Trade Agreement (FTA) amid concerns of termination due to lack of progress.
- Commerce and Industry Minister Piyush Goyal held discussions with his Malaysian counterpart to facilitate the ongoing review.
- The FTA, criticized in India for imbalanced trade benefits, has been under review since 2019 and may face termination if core concerns remain unaddressed.
- India has expressed dissatisfaction with the agreement, highlighting that benefits lean towards ASEAN nations, and has opened a significantly higher percentage of tariff lines compared to some ASEAN member countries.
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Bloomberg Quint
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671
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Greenply Industries — Yes Securities Preferred Stock In Building Materials Segment; Q1 Results Preview
- Yes Securities prefers Greenply Industries in the building materials segment as demand shows initial improvement in the woodpanel sector.
- The brokerage anticipates a better margin profile for Greenply Industries with timber pricing peaking out.
- Demand remains subdued for various segments like plastic pipes, woodpanels, ceramics, and tiles according to Yes Securities.
- Brokerage advises caution on the sector due to expensive valuations of major plastic pipe companies despite recent stock price increases.
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Bloomberg Quint
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391
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PFC, REC Share Prices Spike After Morgan Stanley Initiates Coverage
- Shares of Power Finance Corp. (PFC) and Rural Electrification Corp. (REC) surged after Morgan Stanley initiated coverage with an 'overweight' rating.
- PFC's share price rose by nearly 3%, while REC's share price increased by 2.58%.
- Morgan Stanley's report projected PFC and REC to achieve a 12% compound annual growth rate in loans from fiscals 2025 to 2028, with an average return on investment of 17-19%.
- The stocks were deemed attractive with a projected price-to-earnings ratio of 5-6 times for fiscal 2027, supporting sustainable loan growth and a dividend yield of 3.8-4.5%.
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Bloomberg Quint
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353
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Earnings To Show A Rebound? JPMorgan Bullish On Healthcare, Capital Goods And These Sectors
- JPMorgan expects earnings recovery for Indian corporates in Q1FY26 amidst economic rebound.
- Healthcare, insurance, capital goods exhibit strength while banks, IT, autos face challenges.
- Metal, oil & gas sectors show mixed performance; market outlook remains range-bound.
- JPMorgan bullish on banks, consumer, hospitals, real estate, defense, and power sectors.
- Overall, Nifty 50 likely to trade between 26,500 and 30,000 targets in next months.
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Bloomberg Quint
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393
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SEBI Probing Spright Agro For Suspicious Share Issue Activities | Profit Exclusive
- SEBI is currently investigating Spright Agro Ltd. for multiple violations related to share issues and suspicious trading activities from August 2023 to April 2025.
- Red flags emerged during significant transformations in the company's financials, capital structure, and stock price, leading to SEBI's probe.
- The investigation focuses on preferential allotments, share splits, bonus issues, rights offerings, and offloading of shares by non-promoters, raising concerns about possible control and dilution.
- The company's reported financial improvements coincided with changes in leadership, with the probe ongoing while investors await further developments.
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