Glenmark Pharmaceuticals' PAT may slip by 41.8% YoY in Q1: Prabhudas
Fri, Jul 8, 2022 5:55 PM

Glenmark Pharmaceuticals' PAT may slip by 41.8% YoY in Q1: Prabhudas

Prabhudas Lilladher has worked on the first quarter (April-June 22) earnings estimates for the Healthcare sector. The brokerage house anticipated Glenmark Pharmaceuticals to post a net profit of Rs 178.4 crore down 41.8% year-on-year (up 14.6% quarter-on-quarter). Net Sales are anticipated to decrease by 4.2% Y-o-Y (down 5.9% Q-o-Q) to Rs 2,841.6 crore.

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Opensea blacklisted $27M worth of NFTs, including BAYC and MAYC
Fri, Jul 8, 2022 5:55 PM

Opensea blacklisted $27M worth of NFTs, including BAYC and MAYC

OpenSea, the leading non-fungible token marketplace, reportedly blacklisted some major NFT collections valued at over $27M. On the OpenSea website, these NFTs are blacklisted to stop them from being exchanged after being reported stolen. However, there have been a number of complaints alleging that the platform arbitrarily designated NFTs as stolen without conducting a thorough investigation.

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Have a look at stocks that moved the most on July 8
Fri, Jul 8, 2022 5:51 PM

Have a look at stocks that moved the most on July 8

The Indian benchmark indices closed in the green today. Here is a list of stocks that moved the most during the day: 1)TCS | CMP: Rs 3,266 | Its stock price ended in the red on July 8. 2)Tata Motors | CMP: Rs 440.50 | The company's shares added over 2 percent. 3)TVS Motor | CMP: Rs 838 | Its share price ended in the green today.

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TCS' workforce strength exceeds the 6 lakh mark; employees get salary hikes
Fri, Jul 8, 2022 5:47 PM

TCS' workforce strength exceeds the 6 lakh mark; employees get salary hikes

The largest Information Technology (IT) services company in India, Tata Consultancy Services (TCS), hired 14,136 employees in the first quarter of the current financial year. With this, the company's workforce crossed the 6 lakh milestone. The company's Chief HR Officer Milind Lakkad affirmed that TCS has increased their employees' salaries by up to 8%.

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ICICI Securities bullish on this realty stock; gives buy rating
Fri, Jul 8, 2022 5:45 PM

ICICI Securities bullish on this realty stock; gives buy rating

Brokerage house ICICI Securities is bullish on the shares of Phoenix Mills Ltd and has come up with a buy rating with a target price of ₹1,420.00 and a buying range for the stock of ₹1220-1255, with a stop loss of ₹1,115. A three-month target is given by the brokerage to hit the potential price. The company has a market cap of Rs. 21,768 cr and deals in the real estate industry.

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Binance secures registration in Spain through its Moon Tech subsidiary
Fri, Jul 8, 2022 5:41 PM

Binance secures registration in Spain through its Moon Tech subsidiary

Crypto exchange Binance's Spanish subsidiary, Moon Tech Spain, has been granted registration as a virtual asset services provider (VASP) by the country's central bank. The platform applied for the license in January. As a result, the exchange is now allowed to provide fiat currency exchange to digital assets and wallet custody services in the country.

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Kotak Bank buys DLL India's healthcare equipment financing portfolio
Fri, Jul 8, 2022 5:35 PM

Kotak Bank buys DLL India's healthcare equipment financing portfolio

The healthcare equipment financing portfolio of De Lage Landen Financial Services India Private Limited, a division of De Lage Landen International BV, a company owned by Rabobank, has been acquired by Kotak Mahindra Bank in July 8. The operations of the acquired portfolio will be transferred to Kotak Mahindra Bank in a planned manner over the coming months.

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Robinhood enables Bitcoin transfers for all users
Fri, Jul 8, 2022 5:25 PM

Robinhood enables Bitcoin transfers for all users

Retail trading app Robinhood has enabled bitcoin transfers in and out of its app for all users, the company’s Twitter account announced Thursday. Users can now send and receive all the listed crypto assets on the Robinhood platform. The crypto exchange debuted its wallet feature this year and activated its payout and deposit capabilities today.

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Ahead of June jobs data, US stock futures dive
Fri, Jul 8, 2022 5:23 PM

Ahead of June jobs data, US stock futures dive

US stock futures logged a decline on Friday, ahead of the release of June's job data. This data would depict the strength of the U.S. economy and the path of future rate hikes. Dow e-minis were down 23 points or 0.07%, S&P 500 e-minis were down 9.5 points or 0.24%, and Nasdaq 100 e-minis were down 66.5 points or 0.55%. at 07:08 a.m. ET.

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Twitter sinks on Elon Musk's remarks of $44 Billion takeover in jeopardy
Fri, Jul 8, 2022 5:20 PM

Twitter sinks on Elon Musk's remarks of $44 Billion takeover in jeopardy

Tesla CEO Elon Musk is of the view that Twitter is not being truthful about its estimations of spam or fake accounts on the microblogging service. As per a report from the Washington Post that claimed Elon Musk's $44 billion takeover bid for the company is in "serious jeopardy." Following this, Twitter Inc's shares plunged in Friday's trading session.

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$150M fund launched by Konvoy Ventures to support Web3 & Gaming startups
Fri, Jul 8, 2022 5:09 PM

$150M fund launched by Konvoy Ventures to support Web3 & Gaming startups

$150 million has been raised by Konvoy Ventures to support early-stage gaming and Web3 companies. According to sources, around 30% of the capital will be invested in early Web3 & gaming startups and companies. Previously, the company provided financial support to Sky Mavis, the makers of the well-known play-to-earn game Axie Infinity.

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Coalition raises $250 million in late-stage funding round
Fri, Jul 8, 2022 5:03 PM

Coalition raises $250 million in late-stage funding round

Cyber insurance provider, Coalition, has secured $250 million in a late-stage Series F funding round led by Allianz X, Valor Equity Partners, and Kinetic Partners which takes the company’s valuation to $5 billion. T. Rowe Price, Ribbit Capital, Index Ventures, and General Atlantic also participated in the round. The company offers cybersecurity tools.

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Russian lawmaker: The Moscow Exchange is a good base for crypto trading
Fri, Jul 8, 2022 4:55 PM

Russian lawmaker: The Moscow Exchange is a good base for crypto trading

The Head of state of the Russian Banking Association recommended establishing a crypto trading plat on the Moscow Stock Exchange. Aksakov stressed the imp of building a crypto exch under the strict requirements of the Russian central bank. The senator said that MOEX will likely succeed in establishing a crypto trading branch because of its complete compliance with the Bank of Russia regulations.

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Hudle raises $1 million in Series A funding
Fri, Jul 8, 2022 4:54 PM

Hudle raises $1 million in Series A funding

Hudle, a sports app company, has secured $1 million in Series A funding led by Inflection Point Ventures, India Angel Network and Survam Partners. The freshly infused funding will be deployed for expanding into new markets and for strengthening its technology and marketing. Hudle app is used to book sports venues and tickets for sporting events.

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Senior Bloomberg analyst: Bitcoin will rise by second half of 2022
Fri, Jul 8, 2022 4:50 PM

Senior Bloomberg analyst: Bitcoin will rise by second half of 2022

Mike McGlone, a senior commodity analyst at Bloomberg, predicts a rise in the price of Bitcoin in the second half of 2022. According to McGlone, the 50-week and 100-week moving averages for Bitcoin and the Bloomberg Galaxy Crypto Index (BGCI) display positive trends. McGlone also said that the present trajectory is similar to that of the market bottom in 2018.

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