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Bloomberg Quint
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'Thousands Like Soham Parekh': Redditor Shares 'Overemployment' Playbook
- Indian techie Soham Parekh's moonlighting scandal has shed light on the growing trend of remote tech workers handling multiple jobs amid the commonality of remote work.
- Following the exposure by Playground AI founder Suhail Doshi, numerous Silicon Valley CEOs raised similar allegations against Parekh, revealing that he is one among many employees managing multiple remote jobs.
- Tech influencer Deedy Das stated that Parekh represents just the surface of a larger issue, referring to a viral Reddit post from a person who claimed to earn $800k a year by working five jobs concurrently through r/Overemployed.
- The individual behind the viral Reddit post detailed strategies on managing multiple jobs such as working as a consultant and maintaining anonymity from the organizations, similar to Parekh's situation where he engaged with multiple companies simultaneously.
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Bloomberg Quint
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ITR Filing Guide: Here’s How Long Your Refund Could Take And How To Check Status
- Income tax refunds are usually processed within a few weeks of ITR verification, but delays can occur due to errors or mismatches.
- To check the status of your refund, you can use the Income Tax Department’s e-filing website or the TIN NSDL portal.
- Refunds are typically issued within four to five weeks after e-verification of ITR, but processing may take longer during peak filing season.
- Factors affecting refund processing time include filing accuracy, verification mode, and the volume of returns being processed.
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Bloomberg Quint
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EPFO Website Down? Here's How To Check Your PF Balance With SMS Or Missed Call
- EPFO subscribers are facing frustration due to technical issues on the EPFO website, making it difficult to access their Provident Fund (PF) details.
- The PF corpus is crucial for financial planning and offers benefits like interest earnings and financial support during emergencies.
- Subscribers can check their PF balance through SMS or missed call services, even when the EPFO website is down.
- The SMS service requires sending a specific message to 7738299899, while the missed call service can be utilized by dialing 9966044425 from the registered mobile number.
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Bloomberg Quint
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Top-Up Vs New SIP: What To Do If You Got A Mid-Year Bonus Or Hike
- A mid-year bonus or salary hike could be a suitable opportunity to boost investments in existing SIPs or start a new one based on financial goals.
- Deciding between topping up existing SIPs and starting a new one depends on goals, portfolio, and risk comfort level.
- Topping up existing SIPs is beneficial for long-term goals without additional paperwork and offers compounding benefits.
- Starting a new SIP may be preferable for new specific goals, better diversification, and more control over duration, amount, or risk level.
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Bloomberg Quint
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Tata, Jindal Steel Among Top Metal Picks For Axis Securities' Aditya Welekar
- Tata Steel Ltd. and Jindal Steel & Power Ltd. are the top picks among metal sector stocks for Aditya Welekar.
- Welekar sees potential for further valuation in Tata Steel and Jindal Steel and Power, while SAIL and JSW Steel's valuations are considered almost full.
- Amid global uncertainties, Welekar is optimistic about Vedanta due to factors like aluminium LME prices, silver prices, and oil prices benefiting the company.
- Positive outlook for steel companies in Q1 expected with margin expansion due to safeguard duty and lower coking coal prices; production cuts in China and government decisions on safeguard duty extension will influence Indian steel stocks.
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Bloomberg Quint
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Early Monsoon Rains In India Raise Hopes Of A Bumper Grain Crop
- Early and widespread monsoon rains in India have accelerated the sowing of rice, oilseeds, and pulses, boosting the country’s chances of a record grain harvest this year.
- India depends heavily on the annual monsoon to irrigate more than half of its farmland, and above-average precipitation is vital for food security, economic growth, and stabilizing global agricultural markets.
- The farm ministry ensures sufficient fertilizer supplies and high-quality seeds for farmers, ruling out concerns about shortages this season.
- Authorities are diversifying agriculture by promoting the cultivation of specialty rice varieties and supporting crops like pulses and corn, aiming for a potential record year in Indian agriculture.
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Bloomberg Quint
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Radico — Dolat Capital's Top Stock Pick In AlcoBev Sector; Q1 Results Preview
- Dolat Capital predicts a modest upgrade for Radico Khaitan, a downgrade for United Spirits, and flat performance for United Breweries in the AlcoBev sector's Q1 results preview.
- AlcoBev companies in Dolat Capital's universe are expected to see revenue, gross profit, Ebitda, and adjusted profit after tax growth of 11.3%, 12.5%, 12.8%, and 20.4% YoY, driven by volumes, price mix, and gross margin expansion.
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Bloomberg Quint
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Water Level In Mumbai Lakes Crosses Halfway Mark; Almost 6 Times More Than Last Year
- The water levels in Mumbai's seven supply lakes have crossed the 50% mark, containing almost 6 times more water than last year. The lakes can collectively hold 14,47,363 million litres of usable water.
- The current water levels in the lakes stand at 50.75% of their combined capacity, with significant increases seen over the past 24 hours due to heavy rainfall. The levels are expected to rise further with continued rainfall predicted by the IMD.
- The lakes dependent on monsoon rainfall for replenishment include Bhatsa, Upper Vaitarna, Middle Vaitarna, Tansa, Modak Sagar, Vihar, and Tulsi, spread across Mumbai, Thane, and Nashik districts. Upper Vaitarna has the highest capacity at 66.38%.
- IMD forecasts very heavy rainfall in Mumbai till July 7, with the city and Thane on yellow alert. The weather prediction indicates moderate to heavy rainfall for the next several days, contributing to the rising water levels in Mumbai's lakes.
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Bloomberg Quint
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Here Are The Top Six Samsung Phones Below Rs 20,000 In July 2025
- Samsung offers a range of affordable phones under Rs 20,000 with good performance.
- Top Samsung phones below Rs 20,000 include Samsung Galaxy M36, Galaxy A35, Galaxy A25, Galaxy F55, Galaxy M16, and Galaxy M35.
- Samsung Galaxy M36 features a 6.7-inch AMOLED screen, while Galaxy A35 has a 5,000 mAh battery and a 120 Hz display.
- The Samsung Galaxy F55 comes with a Snapdragon 7 Gen 1 processor, and the Galaxy M16 is powered by a MediaTek Dimensity 6300.
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Bloomberg Quint
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'Add' Inventurus Knowledge Shares Maintains ICICI Securities — Here's Why
- Inventurus Knowledge Solutions announced a $17 million investment through its US subsidiary for a 48.02% stake in IKS WWMG MSO LLC in the US.
- IKS introduced client engagement models including underwriting performance outcome, investing in medical group growth, and a JV structure to achieve higher Ebitda gains.
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Bloomberg Quint
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Is July 7 A Public Holiday? Check If Schools, Banks, And Government Offices Will Remain Open Or Closed
- Muharram falls on July 6 in India, with the possibility of shifting to July 7 based on moon sighting.
- If Ashura falls on July 7, schools, colleges, and offices might remain closed on Monday.
- July 7 is not a bank holiday, according to the Reserve Bank of India's calendar.
- Some states like West Bengal, Maharashtra, Uttar Pradesh, and Telangana may declare a public holiday on July 7 for Muharram, subject to official notification.
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Bloomberg Quint
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iPhone 17 Pro Max To House Biggest Battery Ever — Why Apple Might Cross 5,000mAh Mark
- Apple is anticipated to introduce the largest battery ever in the upcoming iPhone 17 Pro Max, potentially crossing the 5,000mAh mark.
- While Apple has been criticized for smaller batteries compared to Android phones, the iPhone 17 Pro Max might mark a significant increase in battery capacity.
- The iPhone 17 Pro Max is expected to feature major upgrades like a larger camera module, potential tech enhancements, and a bigger battery to accommodate increased power demands from users.
- Apple's move towards a bigger battery in the iPhone 17 Pro Max aligns with the growing demand for enhanced performance, extended battery life, and support for advanced features like AI capabilities.
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Bloomberg Quint
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India-US Trade Pact: What’s At Stake For Textile Giants
- India and the United States are in high-stakes trade negotiations concerning textile exports, with a focus on reducing the 26% tariff faced by Indian textile firms exporting to the US.
- Vietnam has already secured a tariff reduction in a trade deal with the US, raising concerns that India may lose market share if it doesn't negotiate a more favorable deal swiftly.
- Indian textile companies heavily reliant on US exports, such as Himatsingka Seide and Welspun Living, could benefit significantly if the US reduces tariffs from 26% to 10%.
- Despite the short-term uncertainty, long-term prospects for Indian textiles remain positive, with the industry aiming to reach $100 billion in exports by 2030.
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Bloomberg Quint
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Jane Street Banned From D-Street For Making Illegal Profits — Five Key Things To Know
- SEBI bars Jane Street from trading due to manipulating stock indices in India.
- Jane Street made Rs 43,289.33 crore in alleged profits, facing penalty and restrictions.
- SEBI requires impounding funds and an escrow account for penalty enforcement.
- Jane Street disputes SEBI's findings of illegal profits and commits to compliance.
- SEBI's rare action impacts Indian markets as it penalizes active foreign player.
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Bloomberg Quint
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Trent's Ambitious FY26 Growth Target Has Macquarie Skeptical, Nuvama Downgrades To 'Hold'
- Nuvama downgrades Trent Ltd. to 'hold' and lowers target price, citing near-term challenges and stretched valuation.
- Macquarie maintains 'underperform' rating for Trent with concerns about growth trajectory and achieving goals.
- Trent reaffirms 25% growth target for FY26, but current performance falls short according to Nuvama.
- Both brokerages discuss Trent's expansion plans, historical performance, and focus on Star Bazaar's growth potential.
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