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Bloomberg Quint

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Bank Of Baroda Joins Public Sector Peers In Dropping Minimum Balance Charges

Bank of Baroda has followed the lead of other public sector banks by eliminating minimum balance charges on regular savings accounts, effective from July 1.
This decision is part of a larger trend among state-owned banks to adapt to changing customer behaviors and governmental discussions surrounding penalties on low balances.
The move to drop minimum balance requirements is a response to the decreasing share of low-cost current and savings account deposits and the changing dynamics in Jan Dhan accounts.
The banks are evolving their revenue models by shifting away from balance-related penalties towards other sources like debit card fees, given the reduced costs of servicing accounts in the digital banking era.

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SiliconCanals

136

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Munich-based Filics secures €13.5M to bring space-saving robotics to more warehouses across Europe

Munich-based Filics has secured €13.5M in funding from a group of international investors and strategic backers, including Amazon Industrial Innovation Fund, for its space-saving robotics technology.
The investment will be used to expand Filics Unit, a double-runner system for automated pallet transport, and prepare for market entry into other European countries by 2026.
The Filics Unit, which can achieve up to 66% space savings, is designed for autonomous pallet transportation in warehouses and aims to enable fully autonomous truck loading in under five minutes.
Founded by engineers from the Technical University of Munich, Filics has developed innovative robotic solutions for intralogistics, addressing challenges in space constraints and skilled labor shortages in the logistics sector.

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Bloomberg Quint

169

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E-Voting Made Easier: What Shareholders Need To Know About The New CDSL, NSDL Apps

The two main securities depositories in India, CDSL and NSDL, have launched a new feature in their investor apps integrating recommendations from proxy advisory firms to assist shareholders in making informed voting decisions.
Previously, retail investors had to visit individual proxy advisory firms' websites to access expert advice on corporate resolutions, while institutional investors had easier access to such information.
The initiative allows all shareholders, regardless of size, to view expert voting suggestions in one place, provided by Stakeholders Empowerment Services, Institutional Investor Advisory Services, and InGovern Research.
SEBI Chairman Tuhin Kanta Pandey highlighted the importance of shareholder voting to hold company management accountable, expressing that the new feature aims to empower retail investors and simplify the voting process.

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Bloomberg Quint

273

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Senco Gold Shares Hit 5% Upper Circuit After Q1 Revenue Jumps

Senco Gold shares surged 5% to hit the upper circuit at Rs 365.77 after reporting a strong Q1 business update.
The company witnessed a 24% YoY rise in retail revenue and a 28% YoY increase in overall revenue, driven by festive-led demand and showroom expansion.
Senco Gold launched nine new showrooms in Q1, bringing the total to 179, and aims to open 20 more by the end of FY26. The company is focusing on expanding its lifestyle and fashion jewellery brands through the franchise model.
Despite the seasonally soft nature of the upcoming Q2, the company remains optimistic due to factors like early monsoon onset, above-average rainfall forecast, and stable macroeconomic environment. Gold price volatility and upcoming festivals are expected to influence demand.

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Bloomberg Quint

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BEL, ICICI Lombard, Shriram Finance, Ganesha Housing And Aurionpro Solution Are Buzzing On Dealers' Desk

Stocks like BEL, ICICI Lombard, Shriram Finance, Ganesha Housing, and Aurionpro Solution are buzzing on the dealers' desk.
BEL is experiencing sell flows on the domestic institutional desk due to high valuations.
ICICI Lombard has high-net-worth individuals accumulating the stock in anticipation of a price hike.
Shriram Finance is seeing buy flows on foreign institutional desks at lower levels.
Ganesha Housing, despite recent pressure, may see a bounce back as sell flows are expected to decrease.
Aurionpro Solution is being bought by high-net-worth individuals in anticipation of an order win announcement.

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Bloomberg Quint

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Nothing Phone 3 Pre-Order Is Live: Get It For Under Rs 50,000 With Flipkart Deals

The Nothing Phone 3 is available for pre-order on Flipkart with discounts, bringing the price of the base variant under Rs 50,000.
The phone features a 6.67-inch display, triple 50 MP rear cameras, a 50 MP front camera, and is powered by an 8s Gen 4 processor with a 5,500 mAh battery.
Customers can benefit from various deals on Flipkart, including credit card offers and exchange deals that provide discounts of up to Rs 52,150.
The Nothing Phone 3 comes in two RAM variants: 12GB and 16GB, with additional features like 512GB ROM, and an array of other top-tier specifications.

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Bloomberg Quint

384

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Siemens Energy Q2 Results: Profit Jumps 27%, Raw Material Costs Drag Margin

Siemens Energy reported a 27% jump in profit for the second quarter, with revenue seeing strong growth.
Although revenue and profit increased significantly, higher raw material costs impacted the operating margin of the company.
Earnings before interest, tax, depreciation, and amortization (Ebitda) rose by 32%, but the margin contracted from 22.6% to 19%.
Siemens Energy's share price surged nearly 4% after the results were announced, with the stock trading at Rs 3,009 apiece on the NSE.

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Eu-Startups

426

Berlin-based CarOnSale raises €70 million to develop their used car platform

German CarOnSale, a digital B2B marketplace for used car trading, has raised a €70 million Series C round to expand across European markets.
The funding round was led by new investor Northzone and existing lead investor HV Capital, among others.
CarOnSale aims to scale to selling 1 million used cars annually through their platform and transform the European used car market with their integrated software ecosystem.
With plans to deepen their European presence, enhance services, and develop cross-border transaction capabilities, CarOnSale intends to solidify its position as a key player in professional vehicle trading.

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Bloomberg Quint

226

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Honor X9c With 108MP Camera, Massive 6,600mAh Battery Launched — Check Full Specs, Price In India, More

Honor X9c launched in India featuring a Snapdragon 6 Gen 1 processor, 108MP primary rear camera, and 6,600mAh battery.
Honor X9c comes with a 108MP OIS motion sensing primary rear camera, 5MP wide sensor, and 16MP selfie shooter.
The phone has a massive 6,600mAh battery with 66W wired fast charging support and a 6.78-inch curved Amoled screen.
Honor X9c is priced at Rs 21,999 for the 8GB RAM + 256GB storage variant and will be available on Amazon starting July 12.

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SiliconCanals

116

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Dutch-based Plasmacure raises €6M to help treat complex wounds; also secures €8.5M+ US go-to-market financing

Dutch-based Plasmacure, developer of the PLASOMA cold plasma system for complex wound treatment, secures €6M funding in Series A investment led by U.S.-based Venture Medical.
Venture Medical to lead U.S. go-to-market financing exceeding $10M for Plasmacure's regulatory approval and reimbursement in the United States.
Investment consortium includes Dutch health insurer Coöperatie VGZ, impact investor Noaber, Stichting Triade, EIC Fund, and Oost NL.
Funding to support global expansion of PLASOMA to treat complex wounds, providing a more effective solution than standard treatments with up to 2.5 times greater effectiveness.

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Bloomberg Quint

286

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Save More With BHIM 3.0: Get Rs 25 Off On Top Apps And Up To Rs 250 Monthly Cashback — Here’s How

The BHIM 3.0 app introduces instant discounts and monthly cashback to promote digital payments.
Users can now get up to Rs 25 off on shopping and food apps like Swiggy, Zomato, and Instamart through the BHIM app.
Additionally, users can earn up to Rs 250 monthly cashback on various expenses like groceries, travel, and utility payments.
New features in BHIM 3.0 include UPI Circle for managing dependent transactions, UPI LITE for fast PIN-free transactions, and integration of RuPay credit cards.

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Pymnts

187

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CE 100 Index Surges 2.8% as Olo Jumps on $2B Acquisition by Thoma Bravo

The CE 100 Index surged by 2.8% in a week marked by the national holiday, with gains across all pillars.
Olo, within the Eat segment, stood out with a more than 15.5% jump after announcing its acquisition by Thoma Bravo for approximately $2 billion.
Mastercard, in the Pay and be Paid segment, expanded its startup engagement program with a focus on cybersecurity, and shares were up by 4.3%.
Other notable movements include Affirm's partnership with Xsolla, Nike's shares jumping 22%, and Tesla's shares slumping by 3.2% in response to its latest quarterly production report.

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Bloomberg Quint

475

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Saurabh Mukherjea's Top Stocks: Divi's Labs, Eicher Motors, Dixon Tech And These Largecaps Make The Cut

Saurabh Mukherjea, chief investment officer and founder of Marcellus Investment Managers, recommends investing in large cap quality stocks like banks, PSBs, chemicals, and electronics for decent returns in the next five years.
Sector-specific stocks on Mukherjea's radar include Divi's Laboratories Ltd., Syrma SGS Technologies Ltd., Eicher Motors Ltd., Dixon Technologies Ltd., and Sona BLW.
Divi's Labs is highlighted as a key beneficiary for 'China+1', showing a 48.97% growth in the last 12 months.
Eicher Motors and Dixon Tech are also among Mukherjea's top picks, with positive outlooks for growth and revenue in the future despite warnings of an expensive Indian market and economic slowdown.

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Bloomberg Quint

415

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Samsung Galaxy Z Flip 7 Hands-On Video, Images Leaked, Showing Beautiful Edge-To-Edge Cover Display

The Samsung Galaxy Z Flip 7 is set to be unveiled on July 9 at the Samsung Galaxy Unpacked event.
Leaks reveal the Z Flip 7 will feature a larger edge-to-edge cover display and a slimmer design, which could be appealing to clamshell enthusiasts.
A hands-on video and images demonstrate the Z Flip 7 in black color, showcasing a thinner profile and minimal crease when opened.
Expected specifications for the Samsung Galaxy Z Flip 7 include a 4.1-inch outer display with 120Hz refresh rate, a 6.9-inch inner screen, 4,300 mAh battery, and Exynos 2500 chipset.

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Bloomberg Quint

286

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Shriram Finance, PNB Housing Finance, L&T Finance — Motilal Oswal Top Stock Picks In NBFCs; Q1 Results Preview

Motilal Oswal's top stock picks in the NBFC space for Q1 include Shriram Finance, PNB Housing Finance, and L&T Finance.
Cost of borrowings for most NBFCs has slightly decreased due to the repricing of EBLR borrowings.
Large housing finance companies are facing tough competition from PSU banks offering lower home loan rates, forcing some HFCs to forgo such business to maintain yields.

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