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No, Indians Don't Get Lifetime Dubai Bling — Golden Visa Rumours Denied By UAE Authorities

UAE authorities have denied rumors about granting lifetime Golden Visas to certain nationalities.
A Golden Visa allows eligible individuals to apply for long-term residency of five to 10 years, which is automatically renewable.
To qualify for a Golden Visa, investors must meet specific financial criteria such as having a business plan and meeting investment thresholds.
Media reports falsely claimed that UAE was offering a lifetime Golden Visa for a fee of AED 100,000, with initial rollout to India and Bangladesh.

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Bloomberg Quint

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Vedanta Resources A 'Parasite' Says Viceroy Research — Read Full Report By Short Seller

Short seller Viceroy Research labeled Vedanta Resources Ltd. a 'parasite' holding company with a financially unsustainable and operationally compromised group structure.
Viceroy highlighted that Vedanta Resources systematically drains Vedanta Ltd. to service its own debt burden, resembling a Ponzi scheme and putting the entire group at risk of insolvency.
The short seller's report revealed significant discrepancies in the Vedanta group's operations, raising concerns of fraud and painting a grim financial outlook for the conglomerate.
Vedanta Resources shares plunged over 7% following the report, indicating market concerns over the company's financial sustainability and creditor risks.

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SiliconCanals

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Dutch-based Basetime raises funding from ROM Utrecht Region, others to expand autonomous ground monitoring

Dutch-based Basetime, specialized in autonomous precision monitoring of ground movement, secures undisclosed funding from ROM Utrecht Region, Value Creation Capital, and Ernij Next in the latest round.
The funding will support Basetime in expanding its autonomous measurement solutions globally to enhance safety and sustainability, driving the company's market expansion, platform optimization, and technological innovation.
Basetime develops autonomous measurement solutions such as Locator One and the Parvamoti platform, aiming to provide real-time insights into soil movements, water levels, and structures to contribute to a safer and more sustainable environment.
ROM Utrecht Region, a social investor, recognizes Basetime's innovative technology and strong value proposition, supporting the company's growth and product development for becoming a standard in geodetic monitoring.

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Bloomberg Quint

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Vedanta Share Price Tumbles Nearly 8% As Viceroy Research Goes Short On Parent Firm's Debts

Vedanta Ltd.'s share price dropped nearly 8% as Viceroy Research turned short on its parent company's debts, deeming it unsustainable with no significant operations of its own.
Viceroy Research criticized Vedanta Resource for extracting cash from Vedanta Ltd., referring to it as a 'dying host'.
The stock price declined to a two-month low of Rs 420.65 per share, later recovering slightly to Rs 438.50 apiece.
Despite the decline, analysts remain divided on Vedanta, with 11 out of 16 maintaining a 'buy' rating, while the average 12-month consensus price target suggests a 19.3% upside.

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Bloomberg Quint

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Vedanta Resources Debt Shorted By Viceroy Research, Alleges Financial Mismanagement

Shortseller Viceroy Research has accused Vedanta Resources of unsustainable debt practices and financial mismanagement.
Viceroy Research alleges that Vedanta Resources, the parent company of Vedanta Ltd, relies on extracting cash from its subsidiary to meet its own obligations.
The report by Viceroy claimed Vedanta has increased leverage, weakened collateral value, and resembles a Ponzi scheme, leading to a sharp decline in Vedanta shares.
Viceroy listed concerns such as diverted capital, inflated asset values, questionable auditor choices, and criticized Vedanta's demerger plan.

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Bloomberg Quint

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Moto G96 Launched With Segment-Leading Display, Camera, Chipset — Check Full Specs, Price In India

Motorola has launched the Moto G96 in India with segment-leading features in display, camera, and chipset.
The Moto G96 features a Snapdragon 7s Gen 2 chipset, a 6.67-inch 3D curved pOLED display, and a dual rear camera setup including a 50MP main camera and 8MP ultrawide lens.
The phone offers 8GB RAM with 128GB or 256GB storage options and has a 32MP front-facing camera with various AI enhancements.
The Moto G96 is priced starting at Rs 17,999 for the 8GB + 128GB variant and will be available for sale starting July 16 on Flipkart.

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Eicher Motors Dividend 2025: Amount, Record Date And Other Key Details

Eicher Motors has fixed August 1 as the record date for shareholders to receive the final dividend for FY25.
The company reported a 27.25% YoY increase in consolidated net profit after tax to Rs 1,362.15 crore in Q4 FY25.
Eicher Motors declared a final dividend of Rs 70 per share of face value Rs 1 for FY25, pending shareholder approval at the upcoming AGM on August 21.
Shares of Eicher Motors were trading 0.36% higher at Rs 5,700 apiece on the NSE; the company has a history of declaring dividends in previous fiscal years.

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Bloomberg Quint

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ICICI Prudential AMC IPO: Promoter To Sell Shares Worth Rs 10,300 Crore

ICICI Prudential AMC's UK promoter, Prudential Corp., plans to sell over 1.76 crore equity shares via an IPO, with no fresh issue component.
The offering could raise around Rs 10,300 crore ($1.2 billion) and value the company at approximately $12 billion, potentially becoming the country’s second-biggest offering this year.
ICICI Bank Ltd. owns 51% of ICICI Prudential AMC, with the UK partner holding 49%. The bank signed an agreement to purchase up to 2% of the AMC's pre-IPO share capital to maintain majority shareholding.
BofA Securities India Ltd., Citigroup, SBI Capital Markets Ltd., among 18 managers, are handling the IPO of ICICI Prudential AMC.

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Bloomberg Quint

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'Buy' EPL, 'Hold' SRF Among Others Lists ICICI Securities Ahead Of Specialty Chemicals Q1 Results

ICICI Securities lists 'Buy' rating for EPL and 'Hold' for SRF ahead of specialty chemicals Q1 results.
Specialty Chemicals' Ebitda is expected to grow 9.8% YoY or dip 5.8% QoQ, with companies like SRF, Navin Fluorine, Gujarat Fluorochemicals, and Archean likely outperforming.
ICICI Securities projects a 10% YoY revenue growth for the specialty chemicals coverage universe in Q1 FY26E on a low base due to gradual demand recovery.

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Bloomberg Quint

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Elcid Investments Share Price Gains Following Dividend Record Date Announcement

Elcid Investments Ltd. has announced a dividend record date on July 23, 2025, leading to a 2% increase in its share price.
The company declared a final dividend of Rs 25 per equity share for the financial year ending March 31, 2025, marking the third consecutive year of such dividend payout.
Elcid Investments' share price rose over 2% and hit upper circuit following the announcement, reaching Rs 1,43,400 per share before settling at Rs 1,43,000 per share.
The share has experienced significant growth in the past 12 months but has declined by 21.72% year-to-date, with trading volume standing at 2.3 times its 30-day average.

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Bloomberg Quint

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Amazon Prime Day Sale 2025: Best Tech Deals On Apple, Samsung And More

Amazon Prime Day Sale 2025 offers major tech deals on Apple, Samsung, and other top brands from July 12 to July 14.
Tech deals include discounts on Apple products like iPhone 15, Apple Watch Series 10, and Apple iPad Mini, as well as Samsung devices like The Frame Pro TV and Samsung Galaxy Tablet.
Other tech deals feature discounts on headphones, smart home devices, laptops, smartwatches, earbuds, and more, exclusively for Prime members.
To access the tech deals, non-Prime members can avail of a free trial during the Prime Day Sale 2025 period.

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Bloomberg Quint

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Sun TV Truce: TN CM Stalin Intervenes And Brokers Peace Between Dayanidhi And Kalanithi Maran

Tamil Nadu Chief Minister MK Stalin intervened between warring Maran brothers, Dayanidhi and Kalanithi Maran, to call for a truce.
Kalanithi Maran has agreed to give more shares to the younger Maran as part of the compromise talks.
Dayanidhi Maran had demanded a settlement of Rs 6,000 crore for his share in Sun TV, leading to legal tensions within the family.
With Stalin brokering peace, the truce is likely to hold temporarily as the DMK faces a crucial election in 2026.

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Bloomberg Quint

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'Buy' Sobha Shares Maintains HDFC Securities On Multiple Growth Triggers

HDFC Securities maintains a 'Buy' rating on Sobha shares citing valuation comfort, robust free cash flow generation, and likely deleveraging as key triggers for further rerating.
Sobha reported a strong Q1 FY26 presales performance, up 11% YoY to Rs 20.8 billion, driven by sustenance sales in Gurugram, Bengaluru, and other markets, along with new launches contributing significantly to the gross development value.
In H2 FY26, Sobha is expected to see even stronger momentum with big launches planned in Gurgaon Sector 63A, Pune, Mumbai, and Bengaluru, showcasing the company's execution strength and development capabilities.

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Bloomberg Quint

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DMart Q1FY26 Results — Check Date And Other Key Details

DMart's stock opened flat at Rs 4,213 per share and rose to an intraday high of Rs 4,232.80 on the NSE.
Avenue Supermarts Ltd., the owner of DMart, will have a board meeting on July 11 to approve the unaudited financial results for Q1FY26.
The trading window for dealing in securities of the company has been closed until two days after the declaration of financial results for Q1FY26.
DMart's share price was trading 0.23% higher at Rs 4,222.6 per share on the NSE, reflecting a slight gain from the opening price.

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Bloomberg Quint

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Crizac Shares Lists At Over 14% Premium After Solid IPO Bids From Institutions, NIIs

Crizac Ltd.'s IPO was oversubscribed 59.82 times, with heavy demand from institutional and non-institutional investors.
Crizac shares debuted on the stock exchanges at a premium of over 14% above the issue price.
The IPO was entirely an offer for sale worth up to Rs 860 crore with no fresh issue component.
Crizac offers international student recruitment solutions and holds a significant market share in the UK.

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