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Bloomberg Quint
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Indian Solar Photovoltaic Modules Maker Emmvee Files For IPO
- Emmvee Photovoltaic Power, an Indian solar photovoltaic modules maker, has filed for an IPO to raise funds.
- The Bangalore-based company aims to raise a total of INR 30 billion through the IPO.
- Emmvee plans to sell up to INR 21.44 billion worth of new shares, while the founders are offering up to INR 8.56 billion worth of shares.
- The book running lead managers for the IPO are JM Financial, IIFL Capital Services, Jefferies India, and Kotak Mahindra Capital.
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Bloomberg Quint
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FPIs Invest Rs 14,590 Crore In June; Early July Sees Withdrawal
- Foreign investors put in Rs 14,590 crore into India's equity market in June, marking the third consecutive month of investment.
- In July, FPIs turned net sellers, withdrawing Rs 1,421 crore in the first week due to various factors affecting global liquidity and market conditions.
- FPI flows are expected to be volatile in the near term, influenced by tariff deadline developments, US data volatility, and Q1FY26 result indications.
- FPIs made significant investments in various sectors in June but withdrew funds from the debt market, pulling out Rs 6,121 crore from the debt general limit and Rs 6,366 crore from the debt voluntary retention route.
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Bloomberg Quint
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Borosil Renewables Files Application To Fold Up German Subsidiary; To Focus On Indian Solar Glass Market
- Borosil Renewables decides to wind up German subsidiary, focusing on Indian solar glass market.
- Shutdown decision based on market assessment, financial viability, and long-term strategic priorities.
- Low-cost Chinese imports pressured German solar industry, leading to decreased demand and losses.
- With insolvency filing, Borosil halts losses from German operations and shifts focus to India.
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Bloomberg Quint
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Trade Setup For July 7: Nifty Likely To Consolidate, Resistance At 25,700
- The NSE Nifty 50 is expected to consolidate in the coming weeks with a positive bias in the range of 25,200-25,700, based on analyst predictions.
- On the weekly chart, the Nifty has formed a small bear candle, suggesting consolidation amid stock-specific action after a strong recent upmove.
- Technical analysis indicates a non-directional market currently, awaiting a breakout, with the 20-day Simple Moving Average at 56,500 being a key level to watch for Bank Nifty.
- Market indices settled higher on Friday after a two-day losing streak, but saw a weekly decline of over 0.75%; the Indian rupee marginally weakened against the US dollar on Friday.
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Medium
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The Defense Tech Gold Rush: Why 2025 is the Year Every VC Should Pay Attention
- Defense technology sector is booming with $3 billion in VC funding in 2024.
- Major shifts in national security, tech innovation, and investment landscape are reshaping portfolios.
- US leads with 613 defense startups, funding velocity is growing, with AI and cybersecurity opportunities expanding.
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Bloomberg Quint
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Adani Enterprises To Issue Rs 1,000 Crore NCDs With Interest Up To 9.30%
- Adani Enterprises plans to issue Rs 1,000 crore non-convertible debentures (NCDs) with interest rates up to 9.30%.
- The NCDs are rated 'AA-' by ICRA and CARE Ratings Ltd. and will have a base size of Rs 500 crore with a greenshoe option of Rs 500 crore, totaling up to Rs 1,000 crore.
- The NCDs will be offered in tenors of 24 months, 36 months, and 60 months with various interest payment options across eight series. The issue will open on Wednesday and conclude on July 22, with the NCDs being listed on National Stock Exchange Ltd. and BSE Ltd.
- Adani Enterprises plans to use half of the proceeds from the NCD issuance for debt repayment and the other half for general corporate needs. The allotment will be on a first-come-first basis, and lead managers include Nuvama Wealth Management Ltd., Trust Investment Advisors Pvt. Ltd., and Tipsons Consultancy Services Pvt. Ltd.
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Bloomberg Quint
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Solara Active Pharma Sciences: A Strategic Shift Towards High-Value Growth
- Solara Active Pharma Sciences is undergoing a strategic transformation focusing on regulated global markets and value-added products, leading to a surge in investor confidence with its stock rising by 34% over the past month.
- The company specializes in manufacturing APIs for various therapeutic areas, including anti-inflammatory and anti-infective segments, and offers Contract Research and Manufacturing Services (CRAMS) to other pharmaceutical firms.
- Solara plans to demerge its CRAMS and Polymers businesses to create a new entity named Synthix Global Pharma Solutions, aiming to unlock significant value and drive rapid expansion, targeting a turnover growth to Rs 500 crores within the next 3-4 years.
- While facing operational challenges in FY25 due to market headwinds, Solara is focused on strengthening its balance sheet by reducing debt and aims to achieve a net debt/EBITDA of 1.7–1.8x by Q1 FY27, with optimistic revenue and EBITDA growth projections for FY26.
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Bloomberg Quint
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Car Loans In July 2025: Lowest Interest Rates From Top Banks Compared
- Several top banks in India like HDFC Bank and State Bank of India are offering attractive interest rates on vehicle loans to enable people to own a car conveniently without a large one-time payment.
- These car loan schemes feature up to 100% financing of the on-road price, no advance EMI, longest repayment tenure, and flexible repayment options to appeal to a larger customer base.
- Loan eligibility criteria typically include being a salaried or self-employed borrower with a minimum income, work experience, age criterion, and credit health. A strong credit score can secure loans at lower interest rates.
- Banks are also offering 100% digital car loans with quick approvals and minimal documentation, making it easier for individuals to apply for loans up to Rs 25 lakh without an upper limit restriction.
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Bloomberg Quint
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Form 16 For ITR: Top Things Salaried Class Shouldn’t Miss to Get It Right
- Form 16 is an essential tax document for salaried individuals, providing consolidated income information required for claiming deductions and refunds during income tax return submission.
- Form 16 consists of two parts - Part A detailing TDS information for claiming refunds, and Part B showing salary breakup for claiming deductions to reduce tax liability.
- Key steps for salaried employees related to Form 16 include verifying PAN, salary, and TDS details, reviewing salary components and deductions, checking overall tax liability, and comparing Form 16 with Form 26AS for tax credit consistency.
- Ensuring accuracy in Form 16 details is crucial to avoid penalties or inconveniences, and using the information from Form 16 helps in accurately completing the income tax return filing process.
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Bloomberg Quint
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Suta's Sister Duo Make The Traditional Drape Trending Again With Sneaker-Ready Sarees
- Sujata and Taniya Biswas, the sister duo behind the brand Suta Saree, are aiming to make sarees popular again among the younger generation.
- Their vision is to make the elegant traditional attire more accessible to the youth by offering clip-ons and ready-to-wear options.
- The brand, named after the sisters, focuses on weaving accessibility and listening to customers' needs to bring back the charm of sarees.
- The Biswas sisters' close bond, nurtured since childhood, reflects in their successful partnership as co-founders supporting weavers and artisans.
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Bloomberg Quint
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India-US Trade Deal, Q1 Results, FOMC Minutes: The Week Ahead
- Quarterly earnings season starting with Tata Consultancy Services Ltd. announcing results.
- Market sentiment influenced by global developments and US-India trade deal announcement.
- US Federal Reserve's June meeting minutes, interest rate decisions, and IPO activities.
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Bloomberg Quint
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Cybersecurity Watchdog Issues Advisory After Exposure of 1,600 Crore Online Credentials
- The country's cybersecurity watchdog issued a security advisory after around 1,600 crore login credentials were exposed, including usernames, passwords, and authentication tokens from major online platforms.
- The advisory recommends urgent action to mitigate the risk of unauthorized access, identity theft, and cyberattacks, suggesting measures like changing passwords, enabling multi-factor authentication, and updating systems to reduce malware risk.
- The credential dataset was aggregated from various sources and primarily obtained through infostealer malware, exposing vulnerabilities in databases like unsecured Elasticsearch instances.
- For individuals, the advisory suggests creating strong, unique passwords, activating MFA where available, and running antivirus scans. For organizations, enforcing multi-factor authentication, least-privilege access controls, and encrypting stored credentials are recommended.
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Bloomberg Quint
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FTAs Will Safeguard India’s Interests, Says Piyush Goyal As Trade Talks With US Slow Before Deadline
- Union Commerce and Industry Minister Piyush Goyal assures that India's free trade agreements (FTAs) will prioritize national interests and protect Indian traders and manufacturers.
- Goyal emphasizes the importance of reciprocal trade deals that benefit both India and its trading partners, while safeguarding sensitive sectors and regional concerns in negotiations.
- The minister's statement aims to address concerns regarding tariff hikes and import competition, ensuring fair competition, domestic capacity building, and economic resilience in trade agreements.
- India remains open to expanding trade but is focused on signing agreements that are mutually beneficial and uphold the country's interests and economic well-being.
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Bloomberg Quint
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E-Vehicles, Green Hydrogen Is Need Of The Hour, Says Himachal's Chief Minister Sukhvinder Singh Sukhu
- Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu emphasizes the need for promoting e-vehicles and green hydrogen for environmental protection.
- The government provides a 50% subsidy to youth for purchasing e-taxis under the Rajiv Gandhi Swarozgar Start-up Yojana in Himachal Pradesh.
- Initiatives like launching e-taxis aim to provide employment opportunities to youth and reduce the state's financial burden.
- The state has seen improvements in education sector ranking under the leadership of Chief Minister Sukhu.
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Bloomberg Quint
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Charting The Global Economy: US Jobs Data Eases Pressure On Fed
- Fresh US jobs figures eased pressure on the Federal Reserve to consider an interest-rate cut later this month, potentially delaying any rate changes until at least the fall.
- Employers added more jobs in June than expected, while the unemployment rate dropped, although growth in private payrolls weakened.
- Elsewhere in Asia, manufacturing slowdowns continued, with Taiwan, Indonesia, and Vietnam showing contraction in purchasing managers indexes.
- The US, Euro area, UK, Sweden, and Japan all have varying economic indicators affecting policy decisions, such as growth rates, inflation, wage increases, and trade negotiations.
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