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PC Jewellers says it prepaid all dues to five consortium banks, targets debt-free status in July–September 2024
PC Jewellers said it has prepaid and discharged all outstanding debt to five of its 14 consortium banks, cutting total debt by more than 90% and targeting a debt-free status in the July–September 2024 quarter. The company reported a net profit of Rs 714.46 crore in FY202526, up 23.7% year on year. It also said consolidated revenue rose about 21% year on year in the first quarter of FY 202627. The stock has gained 222% over three years but is down 35.31% over the past year.
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India’s cotton sowing slips 5.96% by July 17 as import reliance rises despite duty waiver to October 2026
India’s cotton sowing area stood at 92.53 lakh hectares as of 17 July, down 5.96% year on year. Cotton output fell from 336.6 lakh bales in FY23 to 290.24 lakh bales in FY26, tightening domestic supply as imports rose 54.9% to $1.89 billion. The government has waived cotton import duty until October 2026 and is pushing the Cotton Corporation of India to supply mills directly. Experts said any El Niño-related rainfall shortfall could prompt farmers to shift toward cotton, but sowing is still at an early stage and near-term supply-demand disruptions are not evident.
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Judo Capital shares slide after FY2026 profit guidance cut to $163 million–$169 million
Judo Capital Holdings Ltd (ASX: JDO) plunged 40.4% on 25 June after lifting its FY2026 cost of risk forecast and cutting its full-year profit guidance. The bank lowered FY2026 profit before tax guidance to $163 million–$169 million from $180 million–$190 million, and its FY2027 outlook also came in below market expectations. The company said provisions were tied to three deteriorating customer exposures across different sectors, reviving concerns over asset quality and risk controls. Investor Pulse’s Mark Elzayed reiterated a sell call, citing elevated provisioning risk, according to The Bull.
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ANSEM-backed Solana game posts $50k in first-week revenue with 100% $ANSEM buyback model
ANSEM has launched a Solana-based game that generated $50万美元 in revenue in its first week and ranked among the top 20 revenue-producing apps in the Solana ecosystem. The team said it will direct 100% of the game’s revenue to buy back tokens and support the $ANSEM community. It described the structure as a user-acquisition flywheel that uses the ANSEM community as an initial user base to attract builders and applications. The move positions ANSEM as evolving from a creator token into a crypto-native ecosystem with real application utility, a cash-flow loop and community-driven growth.
ANSEM
ANSEM-16.60%
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