Things I read yesterday as part of my stock research activities.
Quarterly Results
New Orders Received
🟢 Swan Defence and Heavy Industries has bagged a defence export order from Oman to build a state-of-the-art naval training ship for the Royal Navy of Oman.
Partnerships, Investments & Acquisitions
🟢 Firstsource Solutions partnered Prosper AI to advance healthcare revenue cycle management using next-level voice AI capabilities.
Core Business & Regulatory
🟢 Hero MotoCorp plans an additional ₹275 Cr investment in Euler Motors, deepening exposure to the electric commercial mobility space.
🟢 Ashiana Housing acquired 8.83 acres in Wavarle, Raigad for a senior living project with ~4.50 lakh sq ft saleable area.
Economy, IPO & Other
🔴 AWS India layoffs reportedly deepened as Amazon targets larger global job cuts.
🔴 SEBI to withdraw expiry-day margin offsets in single-stock derivatives, likely raising margin requirements and reducing leverage benefits.
🔴 Brokers’ body wrote to the Finance Minister seeking rollback of the STT hike, highlighting cost pressures for market participants.
🟢 Bharat Taxi, India’s first cooperative-led ride-hailing app was launched yesterday after pilots in Delhi-NCR & Gujarat. It promises zero-commission, surge-free fares for cars, autos & bikes, with pan-India rollout in 3 years.
🔴 US software stocks reportedly shed about $1 trillion in market value in a week. Bitcoin fell below $65000.
🟢 Nasscom said AI tools will deepen IT services role rather than disrupt it.
That’s it for today.
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Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.