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Bloomberg Quint
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Metal Prices Fall As Trump Stirs Trade Uncertainty With BRICS Threat
- Metal prices, including copper and aluminum, fell on the London Metal Exchange as US President Donald Trump's trade threat towards countries aligned with the BRICS bloc caused uncertainty.
- Trump's announcement of a potential 10% tariff on BRICS countries led to a 0.5% decline in copper to $9,817 per ton and a similar drop in aluminum.
- Industrial metals have remained relatively strong recently despite economic uncertainty, with copper seeing increased shipments to America and a decrease in global stockpiles, while benefiting from a weaker US dollar.
- Iron ore futures in Singapore remained steady at $95.85 a ton amidst the trade tensions and market fluctuations.
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Bloomberg Quint
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359
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China's Retaliation To EU Curbs Complicates Ties Before Summit
- China has retaliated against the European Union's restrictions on its medical device makers by excluding EU-based companies from Chinese government procurement for certain medical devices.
- The exclusion does not apply to products made in China, offering relief to major European companies with localized production in China.
- The retaliatory move by China is seen as a tit-for-tat response to the EU's earlier curbs on Chinese medical devices in public procurement.
- The escalating trade tensions come just before a high-stakes summit between EU and Chinese leaders, reflecting strained relations and uncertain outcomes.
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Bloomberg Quint
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SEBI May Rework MII Governance Plan After Exchange Pushback
- SEBI is considering revising its governance norms for Market Infrastructure Institutions (MIIs) following objections from leading stock exchanges.
- Stock exchanges have raised concerns about SEBI's proposal to appoint two Executive Directors as key managerial personnel with a dual reporting structure, potentially blurring accountability and reducing the managing director's authority.
- Critics argue that the lack of clarity on the roles and reporting responsibilities of the Executive Directors could disrupt the current leadership structure within MIIs.
- SEBI's proposed governance model aims to enhance executive oversight and prevent power concentration in MIIs, but industry experts stress the need for well-defined roles and a governance framework that supports operational leadership.
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Bloomberg Quint
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158
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How To Apply For UAE Golden Visa? — All You Need To Know
- The UAE has introduced a new nomination-based Golden Visa, allowing Indians to obtain it by paying a fee of AED 1,00,000 (INR around 23.30 lakh).
- Over 5,000 Indians are expected to apply for this nomination-based visa in the first three months.
- Applicants can undergo background checks related to anti-money laundering, criminal records, and social media presence to qualify for the Golden Visa.
- The Golden Visa allows holders to bring family members to Dubai and engage in various business and professional activities indefinitely.
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Bloomberg Quint
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248
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Trump Calls Former Ally Musk's America Party Idea 'Ridiculous'
- Trump criticizes Elon Musk's plan to start America Party, calling it 'ridiculous.'
- Musk's political move could further alienate him from Trump and unsettle Tesla investors.
- The announcement of the 'America Party' by Musk signals his deeper political commitment.
- Concerns arise over Tesla's stock as Musk's political actions overshadow the company's performance.
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SiliconCanals
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Dutch-based GeniusTravel secures €2M for its AI-powered app that plans holidays like a travel agent
- Netherlands-based GeniusTravel secures €2M in funding to develop Genius, an AI-powered app for finding and booking complete travel packages.
- The investment will support the app's launch in the Netherlands first, with plans for expansion across other European markets.
- Genius aims to simplify trip planning for budget-conscious travelers by offering personalized travel options based on preferences and budget.
- The app includes daily travel deals and filters for users to search by budget, destination, and travel dates, with options for booking flights and accommodations directly in the app.
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Bloomberg Quint
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Dabur Share Price Jumps As Q1 Business Update Shows Volume Growth
- Dabur's share price jumped over 4% following a sequential recovery in demand during the first quarter of the current fiscal.
- Volume growth was noted, especially in urban markets, with the home and personal care division expected to perform well due to growth in oral, home, and skincare categories.
- Organised trade channels like e-commerce exhibited strong momentum, while Dabur's international business is projected to grow double digits, driven by select markets.
- Challenges were faced by Dabur's beverage portfolio due to unseasonal rain and a shorter summer, impacting consolidated revenue growth, with operating profit also expected to slightly lag behind revenue growth.
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Bloomberg Quint
1w
51
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Metro In Dino Box Office Collection: Anurag Basu's Film Earns Rs 16.75 Crore In Opening Weekend
- 'Metro…In Dino', a spiritual sequel to Anurag Basu’s 'Life in a... Metro' (2007), earned an estimated Rs 16.75 crore in its opening weekend at the domestic box office.
- The film had a slow start with Rs 3.5 crore on the first day, but saw an increase over the weekend due to higher footfall in theaters.
- 'Metro…In Dino' explores modern relationships and features key actors like Anupam Kher, Neena Gupta, Sara Ali Khan, and Aditya Roy Kapur.
- Directed by Anurag Basu, this movie marks his return to directing after a five-year break, with his previous theatrical release being 'Jagga Jasoos' in 2017.
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Bloomberg Quint
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Travel Food Services IPO: Price Band, Key Dates, Financials, GMP — All You Need To Know
- Travel Food Services IPO offer for sale worth up to Rs 2,000 crore.
- Price band set at Rs 1,045 to Rs 1,100 per share. Open from July 7.
- Kapur Family Trust is the promoter off-loading stake in the IPO.
- Company operates in 14 Indian airports and 54.43 lakh shares allotted to anchor investors.
- Financials show revenue of Rs 409.86 crore and profit of Rs 59.54 crore.
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Bloomberg Quint
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329
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OnePlus Nord 5, Nord CE 5 Prices Out Before Launch; Nord 5 To Pack Powerful Snapdragon 8 Chip, Sony Camera
- OnePlus is set to launch the OnePlus Nord 5 and Nord CE 5 during its Summer Launch Event on July 8, with expected prices ranging between Rs 30,000 and Rs 35,000 for Nord 5 and around Rs 25,000 for Nord CE 5.
- The OnePlus Nord 5 will be equipped with the Snapdragon 8s Gen 3 chipset, a 50MP Sony LYT-700 main sensor, 8MP ultrawide camera, and a 50MP front camera. It is also expected to feature LPDDR5X RAM, a 7,300mm² vapour chamber, and a 6.83-inch Amoled display.
- On the other hand, the OnePlus Nord CE 5 will feature MediaTek's Dimensity 8350 Apex processor, a 50MP primary sensor, 8MP ultrawide camera, and a 16MP front camera, coupled with a 6.77-inch full-HD+ Amoled display.
- The phones are anticipated to offer improvements in camera technology, processors, and battery performance, with pre-orders expected to start soon after the official announcement.
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Bloomberg Quint
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115
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Nifty Defence Drops Over 1.4%, Paras Defence, Garden Reach Lead Declines
- Nifty Defence stocks dropped by 1.46% with significant declines in Paras Defence, Garden Reach Shipbuilders, and Bharat Electronics.
- Paras Defence witnessed the steepest decline of 7.84% in share price, followed by Garden Reach Shipbuilders and Bharat Electronics.
- Other notable declines in the Nifty Defence index included Astra Microwave, Bharat Dynamics, and Mazagon Dock, while DCX Systems saw an increase in share price.
- Market indices gave up opening gains with Nifty 50 and Sensex trading lower, despite initial gains in the market.
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Bloomberg Quint
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275
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Chemkart India IPO Opens — Check GMP, Offer Size, Price Band, Subscription And More
- Chemkart India has launched its initial public offering (IPO) to raise over Rs 80 crore from the primary market.
- The IPO comprises a fresh issue of 26 lakh shares and an offer for sale of 6.29 lakh shares, with a price band set between Rs 236 and Rs 248 per share.
- Investors can bid for shares from July 7 to July 9, and the shares are proposed to be listed on the BSE SME platform on July 14.
- Chemkart India specializes in producing high-quality food and health ingredients, with proceeds from the IPO allocated for capital expenditure, debt clearance, and general corporate purposes.
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Bloomberg Quint
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209
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Nykaa Shares Gain As Morgan Stanley Is 'Overweight' Post Q1 Business Update
- Shares of Nykaa's parent company, FSN E-Commerce Ventures Ltd., rose over 2% after Morgan Stanley maintained an 'overweight' stance following the first quarter business update.
- FSN expects consolidated revenue to grow at the lower end of the mid-20% range year-on-year, with GMV surpassing the mid-20s during the April-June quarter of fiscal 2026.
- Morgan Stanley reiterated its 'overweight' stance on Nykaa, with a target price of Rs 225, citing first quarter results in line with expectations. Beauty segment growth remained strong, and the fashion segment improved sequentially.
- Nykaa's share price rose 2.10% to Rs 202.40 apiece following the news. The stock has gained 12.89% in the last 12 months and 22.18% year-to-date. Analyst consensus implies a 3.7% upside.
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Bloomberg Quint
1w
47
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Indian Oil, BPCL, Gujarat Gas, Among ICICI Securities' Bets In Oil And Gas Sector Ahead Of Q1 Results Preview
- ICICI Securities has shared its top picks in the oil and gas sector ahead of Q1 results, including Indian Oil, BPCL, and Gujarat Gas.
- IGL and MGL are expected to see strong YoY volume growth, while Gujarat Gas may experience a volume decline.
- OMCs' Q1 FY26 performance is anticipated to be stronger due to higher GRM/marketing margins and lower LPG under recovery.
- City gas distribution Ebitda margins could improve QoQ, with Indraprastha Gas and Mahanagar Gas likely to continue strong YoY volume growth.
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Bloomberg Quint
1w
469
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Jubilant FoodWorks Share Price Drops After Domino's Turkey Disappoints In Q1 Update
- Jubilant FoodWorks Ltd.'s share price fell by 3.05% despite a strong first-quarter business update with a consolidated revenue from operations of Rs 2,261 crore, a 17% year-on-year increase, and the addition of 73 new stores.
- Domino's India, a crucial segment for Jubilant FoodWorks, saw an 11.6% like-for-like growth, while Domino's Turkey experienced a 2.2% decline in LFL growth.
- Analysts at Morgan Stanley maintained an 'overweight' rating on Jubilant FoodWorks, with a target price of Rs 781, highlighting that the Q1 results were in line with expectations.
- The share price of Jubilant FoodWorks dropped to Rs 688.50 before recovering slightly to trade at Rs 698 apiece, compared to the flat NSE Nifty 50 Index. Analyst consensus suggests an upside potential of 22.1%.
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