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Bloomberg Quint
2w
112
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Mumbai Founder Revokes Job Offer Over Candidate's 'Derogatory' Religious Comments; Says 'No Matter How...'
- A Mumbai startup founder revoked a job offer over a candidate's derogatory religious comments, sparking a debate on values and hiring ethics.
- The founder, Mohammed Ahmed Bhati, canceled the offer after discovering public comments that were disrespectful towards religious communities during a background check.
- The decision received both criticism and support online, with discussions on professionalism, privacy, and values in the workplace gaining traction.
- The incident raises questions about online conduct, hiring ethics, and the balance between personal expression and workplace expectations.
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Bloomberg Quint
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43
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Zee Board Clarifies Investor Queries On Fundraise Plans
- Zee Entertainment Ltd. addresses investor concerns on fundraise plans, clarifying strategic decisions and funding choices.
- Promoters commit to injecting funds promptly to dispel worries about access to insider information.
- Management rationalizes the need for additional capital despite a healthy cash balance and explains the preference for warrants over other funding sources.
- Zee assures transparency in fund usage, with a SEBI-registered monitoring agency overseeing the funds' deployment for shareholder safety.
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Bloomberg Quint
2w
207
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ChatGPT’s Mental Health Costs Are Adding Up
- Generative AI like ChatGPT is affecting mental health, leading to brain rot, psychosis.
- Users forming emotional bonds with chatbots, facing psychotic episodes, and losing critical thinking.
- Anecdotal evidence points to a concerning mental health impact, urging attention from lawmakers.
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Bloomberg Quint
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355
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US Independence Day 2025: History, Significance And All You Need To Know About The Fourth Of July
- US Independence Day, celebrated on July 4th, commemorates the adoption of the Declaration of Independence in 1776, proclaiming independence from British rule.
- The day signifies American freedom, democracy, equality, and justice, prompting reflection on the nation's history and honoring those who have defended these ideals.
- The diverse cultural heritage of the United States is celebrated through various expressions on Independence Day such as food, music, and customs.
- President Donald Trump announced plans for an UFC fight on the White House lawn for America's 250th birthday in the future.
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Bloomberg Quint
2w
160
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Trent Share Price Dips As Brokerages Remain Bearish On Stock
- Trent Ltd.'s share price fell by 8.71% following its Annual General Meeting for 2025.
- Brokerages like Nuvama and Macquarie downgraded Trent with concerns over growth trajectory and meeting targets.
- Nuvama revised revenue and Ebitda estimates downward due to challenges in achieving the 25% growth goal.
- Despite some positive outlook, the stock is underperforming with a downward shift in ratings and target prices.
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Bloomberg Quint
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395
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Yes Bank Share Price Falls After Q1 Business Update Shows Loans, Deposits Decline
- Yes Bank's shares fell nearly 1% following a first quarter business update that showed a decline in loans and deposits.
- Loans and advances decreased by 2% to Rs 2.41 lakh crore, while deposits fell by 3% to Rs 2.75 lakh crore compared to the previous quarter.
- The current-account savings-account ratio improved to 32.7% but declined from 34.3% in the previous quarter.
- The credit-deposit ratio increased to 87.5%, reflecting the bank's ability to cover loan losses and customer withdrawals.
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Bloomberg Quint
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138
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HDFC Bank Shares Up As Q1 Deposit Growth Higher Than Loans
- HDFC Bank's Q1 FY26 gross advances increased 6.7% year-on-year to Rs 26,530 crore.
- Period-end deposits rose 16.2% year-on-year to Rs 27,640 crore.
- HDFC Bank shares gained 0.8% in the market, with over Rs 10,000 crore added in market capitalization.
- Analysts are bullish on HDFC Bank, with 45 out of 49 analysts giving a 'buy' rating on the stock.
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Bloomberg Quint
2w
255
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Rupee Opens Weaker Against US Dollar As Tariff Threats Loom
- The Indian rupee opened 8 paise weaker against the US dollar at 85.39 on Friday, compared to its previous close of 85.31 on Thursday.
- Rupee is expected to trade within the range of 85.20 to 85.80.
- Dollar remained strong against the Euro and Yen following a solid Non-Farm Payroll Report and significant tax bill passage by the US House of Representatives.
- Tariffs on countries like Japan are set to take effect on July 9, leading to uncertainty in the market with the US dollar rallying from over three-year lows.
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Bloomberg Quint
2w
177
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'Buy' Indraprastha Gas Maintains HDFC Securities, Says Delhi EV Policy Not A Big Threat
- HDFC Securities remains positive on Indraprastha Gas Ltd (IGL) and maintains a 'Buy' rating with a target price of Rs 264 per share.
- The Delhi government plans to introduce Electric Vehicle Policy 2.0 to increase the adoption of electric vehicles across various sectors. However, the impact on IGL's earnings is expected to be minimal even if the policy is implemented strictly.
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10 Likes
Bloomberg Quint
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420
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HDFC Bank Q1 Update: Loans Grow Nearly 7%, Deposits Up Over 16%
- HDFC Bank's Q1 loan book grew nearly 7% while deposits increased over 16% year-on-year.
- Gross advances reached Rs 26,530 crore, with deposits rising to Rs 27,640 crore.
- Current account savings account (CASA) deposits saw an 8.5% increase to Rs 9,370 crore, a significant source of low-cost funding for banks.
- HDFC Bank's loan-to-deposit ratio improved slightly from 97.3% to 96% quarter-on-quarter due to robust deposit growth.
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Bloomberg Quint
2w
147
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Bajaj Finance Posts Robust AUM Growth Amid Market Challenges, Says Jefferies
- Bajaj Finance Ltd. reported a strong 25% increase in assets under management (AUM) in Q1 FY26, amounting to Rs 4.41 lakh crore.
- The firm's loan book expanded by 23% year-on-year, with 13.49 million loans issued in the first quarter.
- Despite market challenges, including a slowdown in consumer durables sales, Bajaj Finance's AUM growth remained robust.
- Jefferies maintained a 'buy' call on Bajaj Finance, citing positive outlook, strategic diversification of loan portfolio, and potential for earnings and valuation growth.
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Bloomberg Quint
2w
180
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Infosys, Persistent Systems, Mastek, Sonata — Top Stock Picks By HDFC Securities; IT Q1 Results Preview
- HDFC Securities has identified Infosys, Persistent Systems, Mastek, and Sonata as top stock picks in the IT sector.
- The IT sector is expected to see mixed revenue growth in Q1, with tier-1 companies showing muted CC revenue growth while mid-tier companies are expected to deliver strong growth.
- There is a significant cross-currency tailwind expected in the quarter, leading to strong USD growth QoQ. Companies are likely to maintain their full-year FY26E guidance amidst global economic uncertainty.
- The IT index has experienced a 10% decline year-to-date but has seen a ~3% increase in the last month.
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Bloomberg Quint
2w
307
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China Plans Subsidies To Boost Birthrate As Slim Population Threatens GDP Growth
- China plans to offer cash handouts to families to incentivize having children to combat a declining birth rate.
- The government will provide 3,600 yuan ($503) annually for each child born on or after Jan. 1, 2025, until they turn three.
- The declining birthrate poses a challenge to China's economy, affecting labor supply and productivity.
- Local governments in China have been implementing measures such as cash incentives and housing subsidies to encourage more births.
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Bloomberg Quint
2w
973
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Motilal Oswal Stays 'Neutral' On IndusInd Bank — Here's Why
- Motilal Oswal has maintained a 'Neutral' stance on IndusInd Bank and increased the target price based on 0.9x FY27E adjusted book value.
- IndusInd Bank's operating performance has suffered due to asset quality issues and accounting discrepancies.
- Clear details regarding the new CEO's appointment and the strategic direction under their leadership are crucial for understanding IndusInd Bank's growth outlook and strategy.
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Bloomberg Quint
2w
430
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Stock Recommendations Today: Marico, Trent, Tech Mahindra, Bank Of Baroda On Brokerages' Radar
- Analysts review Q1 performance of Marico, Trent, Tech Mahindra, Bank Of Baroda.
- Brokerages maintain ratings on Tech Mahindra, Marico, Bank Of Baroda, and Bajaj Finance.
- Macquarie raises Tech Mahindra's target price, while Morgan Stanley maintains its ratings.
- Brokerages provide insights on target prices and growth expectations for various companies.
- Some companies show positive growth trends, while challenges are highlighted for others.
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