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Bloomberg Quint
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Jane Street To Employees On SEBI's Interim Ban Order: 'Discussion Requests Rebuffed'
- Jane Street informed its employees that its attempts to engage with SEBI and exchanges were consistently rebuffed before the regulator barred the firm from the Indian markets.
- SEBI alleged Jane Street earned Rs 43,289.33 crore through index options trading and ordered the firm to deposit Rs 4,843.57 crore into an escrow account, also banning it from the Indian securities market.
- Jane Street stated SEBI mischaracterized its trading strategy, emphasizing standard hedging practices and alignment of prices between options and the underlying index.
- SEBI responded stating that its order clearly presents the regulator's case and declines further comments on the matter.
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Bloomberg Quint
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HAL Share Price Swings Despite JPMorgan's Bullish Outlook On Production Capabilities
- HAL's share price initially declined but later rose on Tuesday despite JPMorgan's positive outlook on the firm's production capabilities.
- JPMorgan highlighted HAL's progress and future initiatives, including the upcoming delivery of the second engine for LCA Mk1A from GE Aerospace by the end of July.
- HAL has been working on enhancing its production capabilities to meet delivery commitments, with plans to produce 12 LCA Mk1A aircraft in FY26 and have the LCA Mk2 prototype ready by March 2026.
- Negotiations for a technology transfer to manufacture F-414 engines for the Mk2 variant are nearing completion, with HAL expecting the contract to be signed in three months. Despite the positive developments, the market's reaction to HAL's stock has been mixed.
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Bloomberg Quint
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Stock Market Today: All You Need To Know Going Into Trade On July 8
- The NSE Nifty 50 and BSE Sensex closed flat on Monday.
- Foreign investors turned buyers after a five-day selling streak.
- Stocks like Mahindra & Mahindra, Titan, and Tata Motors reported notable updates.
- Several companies announced business updates and financial results.
- Overall, the market showed mixed trends and various stock movements.
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Bloomberg Quint
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Jane Street To Staffers: 'Upsetting To See Firm Mischaracterised'
- Jane Street disputes SEBI's accusation of index manipulation, defends against grounds of interim order.
- SEBI barred Jane Street, alleging $564 million in unlawful gains and banned market access.
- Jane Street denies claims, criticizes SEBI report for errors and inflammatory language.
- Firm asserts trading practices benefit financial markets and vows to address allegations legally.
- Jane Street leaders had engaged with SEBI but claim regulator consistently rebuffed their communications.
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Bloomberg Quint
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Stock Market Live: GIFT Nifty Implies Flat Open; M&M, Lodha, Tata Motors Shares In Focus
- The GIFT Nifty suggests a flat open for the Indian stock markets on July 8.
- Investors may focus on stocks like Mahindra & Mahindra Ltd., Tata Motors Ltd., Titan Co. Ltd., Macrotech Developers Ltd., and Kotak Mahindra Bank Ltd.
- Oil prices fell as traders shifted focus to US tariffs from tensions in the Middle East.
- Markets in Asia-Pacific were trading mixed after US President Donald Trump imposed tariffs on most Asian trade partners.
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Bloomberg Quint
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'Buy' SRF Shares Maintains Motilal Oswal On Rich Valuations
- Motilal Oswal reiterates Buy rating on SRF shares with a target price of Rs 3,700 due to rich valuations.
- SRF saw a strong performance in FY25 with revenue/Ebitda increasing ~12%/7% YoY to Rs 146.9 billion/Rs 28.3 billion.
- The company's strength lies in technological innovation to meet customer needs and sustain a leadership role, with significant R&D spending.
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Bloomberg Quint
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Divi's Laboratories Gets 'Buy' Upgrade From HSBC On Strong Growth Prospects — Check Target Price
- HSBC Global Research has upgraded Divi's Laboratories Ltd. to a 'buy' rating with a target price of Rs 7,900, reflecting a 14.4% upside potential.
- The upgrade is driven by a more optimistic view of the company's custom synthesis segment, particularly due to its involvement in producing peptide fragments for Eli Lilly's anti-obesity and anti-diabetes drug tirzepatide.
- HSBC highlighted revenue potential projections for Divi's Laboratories, including around $450 million from peptides and $260 million from contrast media by 2030.
- Risks associated with Divi's growth prospects were also mentioned, such as potential competition from generics in Entresto and disruptions in tirzepatide supplies once Eli Lilly expands its API capacity in 2026.
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Bloomberg Quint
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Buy, Sell Or Hold: Tata Consumer Products, Cummins India On Nilesh Jain's Radar
- Nilesh Jain, VP at Centrum Broking Ltd., recommends buying Tata Consumer Products with a stop loss of Rs 1,085 and a target price of Rs 1,151.
- Tata Consumer Products, formed through a merger in 2020, operates in the food and beverages industry with a significant revenue split between India and international markets.
- Jain also suggests buying Cummins India with a stop loss of Rs 3,655 and a target price of Rs 3,540, describing it as a leading provider of integrated power solutions in India.
- The article discusses India's benchmark indices' recent performance and foreign investors' activities in the market.
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Bloomberg Quint
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GLEN Industries IPO Opens Today: Offer Size, Price Band, GMP And Other Key Details
- Shares of GLEN Industries Ltd. are tentatively scheduled to be listed on the BSE SME platform on July 15.
- GLEN Industries Ltd. plans to raise Rs 63 crore through its SME IPO, offering 64.97 lakh equity shares in a book-building issue with a price band of Rs 92 to Rs 97 per share.
- The IPO comprises shares reserved for different investor categories, with retail investors able to apply for at least two lots of 2,400 shares each, and the subscription window open until July 10.
- The net proceeds from the IPO will be used to set up a new manufacturing facility and for general corporate purposes. GLEN Industries reported revenue of Rs 171.28 crore and a profit after tax of Rs 18.27 crore in FY25.
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Bloomberg Quint
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Apple Loses Top AI Models Executive To Meta’s Hiring Spree
- Apple's top AI models executive, Ruoming Pang, leaves for Meta in latest setback.
- Meta's hiring spree includes major AI leaders, offering lucrative packages to secure talent.
- Mark Zuckerberg prioritizes AI at Meta in race against rivals like OpenAI and Google.
- Pang's departure highlights heightened competition for top AI talent between tech giants.
- Internal discussions at Apple suggest exploring third-party models for new Siri version.
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Bloomberg Quint
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Cryogenic OGS IPO Allotment Today: Steps To Check Status, Latest GMP And Listing Date
- Cryogenic OGS IPO was subscribed 694.9 times on the final day of bidding.
- The IPO was the 4th most subscribed SME IPO of 2025.
- Investors can check the allotment status on the BSE and MUFG Intime India websites.
- The IPO's listing date is scheduled for Thursday, July 10, on the BSE SME platform.
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Bloomberg Quint
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Leela Hotels Has Morgan Stanley 'Overweight' On Luxury Demand, Attractive Valuation
- Morgan Stanley has given an 'overweight' rating to Schloss Bangalore Ltd., operator of The Leela brand hotels, with a price target of Rs 549 due to strong demand for luxury experiences, iconic assets, and attractive valuation.
- Schloss Bangalore is recognized as one of the few pure-play luxury hotel brands from India, known for its asset-heavy business model with renowned properties blending historical architectural styles with modern luxury.
- The company is expected to see 12% annual Ebitda growth through FY27, driven by rising room rates and high occupancy, with a nearly net-debt-free balance sheet facilitating funding for upcoming capex cycle, including opening five new hotels by FY28.
- Despite the positive outlook, there are concerns about concentration risk and the impact of a potential luxury downcycle due to high fixed costs and capex plans, as highlighted by Morgan Stanley.
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Bloomberg Quint
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Want To Take A Sabbatical From Work? Here's How To Save Funds Quickly
- Many professionals are opting for sabbaticals to prioritize work-life balance by taking extended breaks from work.
- Sabbaticals are typically unpaid and require careful financial planning to ensure a stress-free break.
- Steps to save funds quickly include creating an emergency fund, setting savings goals, cutting non-essential expenses, monetizing extra skills, opting for short-term fixed deposits, and selling unused assets.
- Financial preparation is essential before embarking on a sabbatical to cover expenses and maintain financial stability during the break.
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Bloomberg Quint
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Acme Solar To Invest Rs 17,000 Crore In FY27 For Operational Expansion
- Acme Solar Holdings Ltd. plans to invest Rs 17,000 crore in FY27 for Firm and Dispatchable Renewable Energy (FDRE) capacity expansion.
- The company aims to achieve a 10 GW capacity by 2030, with a focus on adding projects to its renewable energy portfolio.
- Acme Solar has completed 450 MW out of the targeted 550 MW capacity expansion for FY26.
- The company secured power purchase agreements for solar projects in Rajasthan and a battery-energy-storage-system project, expecting to generate additional revenue.
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Bloomberg Quint
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TCS Q1 Results Preview: Muted Growth Seen Amid BSNL Headwinds; Discretionary Outlook, Margin In Focus
- Tata Consultancy Services (TCS) is expected to report muted Q1 FY26 growth on Thursday due to the impact of BSNL deal ramp-down and limited upside from constant currency revenue.
- Analysts anticipate TCS' revenue growth to be modest in constant currency terms, supported by foreign exchange gains, with a focus on margin pressures and international business momentum.
- The IT firm's consolidated revenue is projected to rise 3.2% sequentially, while EBIT margin is estimated to decrease to 24.29% in Q1 FY26.
- Analysts are looking for insights on discretionary spending, deal wins, vertical performance, and any updates on employee costs during TCS' earnings announcement.
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