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Bloomberg Quint
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Lloyd Enterprises Stock Surges On Strategic Gold Mining Venture
- Lloyd Enterprises witnessed a stock price surge of over 40% driven by a strategic acquisition in the mining sector.
- The company is acquiring a 50% stake in Prakar Estates and Promoters LLP for Rs 140 crore, emphasizing a swift move by Lloyd Enterprises expected to be finalized before July 15, 2025.
- Prakar Estates, with a major ownership in Geomysore Services India, specializes in mining assets acquisition, mineral testing, and geological consultancy.
- Through the acquisition of Prakar Estates, Lloyd Enterprises will gain an indirect 31.58% stake in Geomysore Services, enabling a proactive exploration of investment opportunities in the mining industry.
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Bloomberg Quint
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Century Plyboards — Top Stock Pick By HDFC Securities In Building Material Sector; Q1 Results Preview
- Century Plyboards is a top stock pick by HDFC Securities in the building material sector, with expectations of good volume growth for wood companies supported by robust real estate sales in recent years.
- The building materials sector saw soft demand in Q1FY26, with satisfactory demand in April and May but a deceleration in June due to the early onset of monsoons. HDFC Securities projects a 6% YoY revenue growth for their coverage universe driven by volume growth.
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Bloomberg Quint
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Vijay Is Chief Ministerial Candidate, Declares Tamilaga Vettri Kazhagam
- Actor Vijay has been declared as the chief ministerial candidate for the 2026 Assembly election by Tamilaga Vettri Kazhagam.
- The party plans to hold a state conference on a large scale next month and conduct public meetings in villages to spread its ideology.
- Vijay has been given complete authority to decide on alliances, and the party aims to increase its membership to two crore members across the state.
- Vijay will embark on a statewide tour from September to December to engage with voters and garner support.
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Bloomberg Quint
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India Initiates Anti-Dumping Probe Into Import Of Polyethylene From Six Countries
- India has initiated an anti-dumping probe into the import of polyethylene from Kuwait, Malaysia, Oman, Qatar, Saudi Arabia, and the UAE.
- The probe follows a complaint by the Chemicals and Petrochemicals Association of India regarding the impact of dumped imports of Linear-Density Polyethylene on the domestic industry.
- The anti-dumping investigation aims to determine the existence, degree, and effect of the dumping, with a possible recommendation for the imposition of levies on imports if material injury to domestic players is established.
- India conducts anti-dumping probes to protect domestic industries from cheap imports and ensure fair trading practices, with the finance ministry making the final decision on imposing duties.
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Bloomberg Quint
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Stocks To Watch Today: BEL, Axis Bank, Vedanta, Marico, M&M, Emcure Pharma
- Stocks to watch today include BEL, Axis Bank, Vedanta, Marico, M&M, Emcure Pharma along with some other stocks like Torrent Pharma, Bank of Baroda, and Bajaj Finance.
- Key corporate announcements after Thursday's market hours: Bharat Electronics, Vedanta, Bajaj Finance, Yes Bank, Marico, and Bank of Baroda releases updates.
- Specific updates: Vedanta reported production growth, Bajaj Finance saw a rise in AUM, and Marico noted revenue growth in the first quarter.
- Stocks like Axis Bank, Bharat Forge, and Mahindra & Mahindra are going ex-trade for dividend; while companies like Emcure Pharma and Torrent Pharma have notable investor and investment activities.
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Bloomberg Quint
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Monsoon Ravages: 43 Dead In Himachal Pradesh In Two Weeks, 37 Missing
- 43 people have been killed and at least 37 are missing in Himachal Pradesh due to cloudbursts, flash floods, and landslides since the onset of the monsoon last month, costing the state Rs 5,000 crore in damages.
- The most deaths, 17, occurred in Mandi district where ten instances of cloudbursts, flash floods, and landslides occurred in a single day.
- Search operations are ongoing for the 31 missing individuals from Mandi district alone.
- Heavy rain and subsequent landslides have damaged infrastructure, leaving over 150 houses, 106 cattle sheds, and 31 vehicles destroyed. The state has set up relief camps for the rescued individuals and faces disruptions in transportation and essential services.
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Eu-Startups
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Paris-based AI suite Massive Dynamic raises €3 million to automate digital marketing operations
- Paris-based AI suite Massive Dynamic raised €3 million in a pre-Seed round to enhance its product development and expand the engineering team.
- The funding was led by Seedcamp and supported by other investors like Founders Future, Tiny Supercomputer Investment Company, and more.
- Massive Dynamic aims to automate operational tasks in digital marketing, allowing marketing teams to focus on strategy and growth opportunities.
- The company provides AI solutions for managing large advertising budgets, reducing manual workload, and improving marketing performance.
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Bloomberg Quint
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Indian Markets To See Sideway Movement In FY26, Says Jefferies; Banks, Realty To Outperform
- Jefferies predicts a sideways movement in Indian markets for FY26 due to an expected decline in nominal GDP growth, impacting earning-per-share estimates.
- India's nominal GDP growth is forecasted to drop to 9% in FY26, the lowest since FY2004, while real GDP growth is expected to be healthy at 6.5% with lower inflation.
- Weaker nominal GDP growth could lead to subdued corporate revenue growth and credit growth, affecting earnings momentum.
- Jefferies anticipates banks and realty sectors to outperform in FY26, with the MSCI India Index showing an 8% return in January–December due to their strong performance.
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Bloomberg Quint
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How Jane Street Tricked Indian Markets To Make Rs 43,000 Crore In Options Profit | Explained
- US trader Jane Street made a massive profit of over Rs 43,000 crore trading in the Indian options market.
- Jane Street's trading strategy on Bank Nifty options earned the firm significant profits, with a total profit of Rs 43,289.3 crore between Jan 1, 2023, and March 31, 2025.
- SEBI's interim report revealed Jane Street's trading patterns and strategies on expiry days, leading to profits through aggressive buying and selling in Bank Nifty options and other instruments.
- Overall, Jane Street made profits worth Rs 36,671 crore between January 2023 and March 2025, despite losses in stock futures, index futures, and cash segments.
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Eu-Startups
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Belgian contractor management platform NineID raises €3.5 million to fuel European expansion
- Belgian contractor management platform NineID has raised €3.5 million in funding led by Pitchdrive to expand across Europe.
- NineID was founded in 2020 to streamline the process of managing external contractors, helping companies verify workers' documentation efficiently.
- The platform is used by over 40 multinationals, supporting 87,000 users and conducting more than 10,000 contractor check-ins daily.
- NineID's solution automates document processing, reduces human error, ensures compliance, and saves time, making it vital for companies facing future chain liability regulations.
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Bloomberg Quint
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Indraprastha Gas To Benefit, Mahanagar To Face Challenges Following Petroleum Regulator's Tariff Reforms
- The Petroleum and Natural Gas Regulatory Board has approved tariff reforms aiming to simplify tariffs and improve access to natural gas in India.
- Indraprastha Gas Ltd. is expected to benefit by Rs 0.7 per standard cubic meter under the new regulations.
- Mahanagar Gas Ltd. could face a negative impact of Rs 0.5 per standard cubic meter following the reforms.
- The reforms involve reducing unified tariff zones from three to two, impacting various companies differently, with measures to enhance access to natural gas across the country.
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Bloomberg Quint
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Travel Food Services IPO GMP At Rs 92 Ahead Of July 7 Opening — Check Key Details
- Travel Food Services Ltd. is set to launch an IPO to raise Rs 2,000 crore from the primary market for its airport QSR and lounge business.
- The Grey Market Premium (GMP) for the Travel Food Services IPO is Rs 92, indicating a potential listing price of Rs 1,192 per share at an 8.36% premium on the upper price band.
- Key details of the IPO include a price band of Rs 1,045 to Rs 1,100 per share, with the subscription window open from July 7 to July 9 and share allotment planned for July 10.
- With shares expected to be listed on BSE and NSE on July 14, retail investors can bid for a single lot size of 13 shares, requiring an investment of Rs 13,585.
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Bloomberg Quint
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Jindal Steel Bags 50-year Mining Lease For Roida-I Iron, Manganese Block In Odisha
- Jindal Steel has secured a 50-year mining lease for the Roida-I iron ore and Manganese block in Odisha from the state government.
- The mining lease covers an area of 104.84 hectares, enhancing Jindal Steel's raw material security and commitment to sustainable steel production in India's mineral-rich eastern corridor.
- The block has an environmental clearance capacity of 3 Million Tonnes Per Annum (MnTPA) and a mineral deposit of 126.05 Million Tonnes.
- Jindal Steel emerged as the Preferred Bidder in the e-auction and views this mining lease as a critical step towards securing long-term iron ore and manganese supplies.
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Bloomberg Quint
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iPhone Fold, iPhone 18 Air Likely To Have Titanium Design: Report
- The iPhone Fold and iPhone 18 Air are expected to have a titanium design when they are unveiled in 2026.
- The iPhone Fold is anticipated to feature a 7.8-inch crease-free inner display and a 5.5-inch outer screen, potentially partnering with companies like Anthropic and OpenAI for AI features.
- Reports suggest the iPhone Fold could run on an A20 or A20 Pro chip, featuring a new display panel developed by Samsung.
- Apple may also be developing two foldable iPhones with sizes of 7.9-inch and 8.3-inch, with the iPhone Fold possibly replacing Face ID with Touch ID integrated into the Side Button.
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Bloomberg Quint
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I'm Not Enjoying Playing Chess: Carlsen After Defeat To Gukesh
- World number one Magnus Carlsen expressed his lack of enjoyment in playing chess after suffering another defeat to Indian Grandmaster D Gukesh in the rapid format at the SuperUnited Rapid & Blitz tournament.
- Gukesh secured his fifth consecutive win in the tournament, leading after six rounds, while Carlsen admitted to poor performance and struggles throughout the event.
- Carlsen credited Gukesh for seizing opportunities during their match and acknowledged being 'hopelessly lost' before resigning after 49 moves.
- Carlsen, who has voiced doubts about Gukesh's skills in faster formats, praised the Indian Grandmaster's performance and recognized his own sub-par gameplay in the tournament.
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