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Bloomberg Quint
1h
73
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Canara Bank To Indian Oil: PSU Stocks In Limelight — Should You Buy, Sell, Or Hold?
- Public sector undertaking (PSU) stocks like Canara Bank, Indian Oil Corp, and NHPC Ltd are in focus among analysts.
- Ajit Mishra from Religare Broking recommends holding Canara Bank stock due to recent strong traction in PSUs.
- Saurabh Jain suggests holding Indian Oil Corp for short-term gains given the rise in global crude prices.
- NHPC Ltd receives a buy call from Saurabh Jain for long-term gains, citing expected operational capacity growth in the coming years.
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Bloomberg Quint
1h
279
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Leela Hotels Shares Close Higher After Listing At Discount
- Leela Hotels operator Schloss Bangalore Ltd.'s shares closed at Rs 435.55 apiece, up 6.85% on listing day.
- The stock debuted on the National Stock Exchange at Rs 406 apiece, at a discount of 6.67%.
- Schloss Bangalore plans to expand its luxury hospitality footprint by adding seven new properties by 2028, both within India and internationally, contributing over 678 new keys to its portfolio.
- The IPO of Schloss Bangalore was subscribed 4.5 times on its final day, led by institutional buyers, while retail investor participation remained undersubscribed.
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Bloomberg Quint
1h
83
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Mary Meeker AI Trends Report: Mind-Boggling Numbers Paint AI's Massive Growth Picture
- Artificial intelligence (AI) is experiencing unprecedented growth, surpassing other tech advancements in speed of adoption and user reach.
- In just three years, AI achieved 50% user adoption in the US, quicker than mobile internet, desktop internet, and PCs.
- Key insights from Mary Meeker's AI Trends report highlight milestones like ChatGPT reaching 800 million users in 17 months and outpacing giants like Google in search trends.
- The report also showcases exponential growth in AI models, AI language models, AI tools adoption, and significant investments by tech companies in AI capabilities.
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Baystreet
1h
99
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Trump’s ‘Beautiful’ Bill Casts a Cloud Over Hydrogen’s Future
- The U.S. House of Representatives passed Trump’s 'Big, Beautiful Bill' which could have major consequences for renewable industries like green hydrogen and EV batteries.
- The bill seeks to phase out tax credits under the Inflation Reduction Act, potentially impacting projects in Louisiana, a leading hydrogen hub in the U.S.
- Companies like Air Products, Clean Hydrogen Works, and CF Industries stand to lose federal tax credits, affecting their economic viability and expansion plans.
- While the bill ends tax credits for certain clean energy technologies earlier than intended, it retains credits for carbon capture and sequestration, benefiting companies like CF Industries and Exxon Mobil.
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Bloomberg Quint
1h
216
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UPI Transactions Touch Record High Of Rs 25.14 Lakh Crore In May
- In May, UPI transactions in India reached a record high of Rs 25.14 lakh crore, showing a 23% increase from the previous year.
- The number of UPI transactions in May was 1,868 crore, surpassing the April count of 1,789 crore.
- The average daily transaction count in May was 60.2 crore, with an average daily transaction value of Rs 81,106 crore.
- National Payments Corporation of India runs the Unified Payments Interface, facilitating real-time payments between peers and merchants.
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Livebitcoinnews
1h
161
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Top 3 Explosive Altcoins Ready To Dominate June 2025 — Here’s How They Stack Up Against EthereumAuto Draft
- Altcoins like Hyperliquid (HYPE), PEPE, and FloppyPepe (FPPE) are gaining momentum in June 2025, positioning themselves as competitors to Ethereum (ETH).
- FloppyPepe (FPPE) stands out for combining meme culture with AI-powered tools, offering unique features and a deflationary system supported by a smart contract audit.
- Hyperliquid (HYPE) is excelling in the DeFi space with its high-performance Layer 1 chain and perpetual trading engine, showing strong market metrics.
- PEPE is making a comeback with faster price movements compared to Ethereum (ETH), supported by whale interest and positive technical indicators.
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HinduBusinessLine
2h
3
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KKR secures $600 million financing for Manipal Education and Medical Group
- KKR has secured $600 million in financing for Manipal Education and Medical Group (MEMG) in India.
- The investment will support MEMG's corporate expansion and growth objectives by providing flexible, structured capital aligned with its strategic needs.
- The financing has been arranged by KKR Capital Markets and is anchored by KKR’s private credit and insurance platforms.
- Gaurav Trehan from KKR expressed pleasure in deepening the relationship with MEMG, recognizing them as Indian healthcare and education leaders, while Ranjan Pai, Chairman of MEMG, welcomed KKR as a strategic partner.
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HinduBusinessLine
1h
239
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Trump’s proposed 50% tariff hike could impact $5 billion engineering exports: EEPC India
- The Engineering Export Promotion Council of India has raised concerns about Trump's proposed 50% tariff hike on steel, aluminium, and related products, which could impact India's $5 billion engineering exports to the US.
- India currently exports around $5 billion worth of steel, aluminium, and related products to the US annually, with these metals and their derivatives accounting for almost a quarter of the country’s total engineering shipments to the US.
- The existing 25% tariff on steel imports by the US has already made the market challenging for Indian exporters, intensifying global competition and disrupting trade flows.
- Chairman of EEPC India, Pankaj Chadha, has urged India to seek an exemption from the proposed tariff hike during the ongoing Bilateral Trade Agreement negotiations, as the move could jeopardize engineering exports worth $5 billion.
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Bloomberg Quint
1h
256
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Nifty Top Gainers, Losers On June 2: Adani Ports, M&M To Hero MotoCorp, Tech Mahindra
- Adani Ports, M&M, TCS, Eternal, and Power Grid Corp. were among the top gainers in the NSE Nifty 50 on Monday.
- Hero MotoCorp, Tech Mahindra, JSW Steel, HDFC Life Insurance Co., and Tata Steel were among the top laggards.
- The NSE Nifty 50 closed 0.14% lower at 24,716.6, and the BSE Sensex closed 0.09% down at 81,373.75 on June 2.
- The market saw HDFC Bank Ltd. and Reliance Industries Ltd. dragging down the benchmark equity indices for the second consecutive session.
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HinduBusinessLine
1h
86
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Sugar industry seeks ethanol price revision as blending share dips to 28%
- Sugar industry seeks a revision in ethanol price to address the dip in blending share, currently at 28%.
- In a recent meeting at the PMO, the industry delegation led by Ravi Gupta highlighted the need for promoting Flex-Fuel Vehicles and increasing ethanol demand.
- The industry achieved milestones in diverting sugar towards ethanol production, supplying 369 crore litres of ethanol in 2022-23, which accounted for 73% of total ethanol blended.
- Due to stagnant ethanol procurement prices, ethanol production remains less profitable, leading to a decline in supply from sugar-based feedstocks and underutilization of India's ethanol production capacity.
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HinduBusinessLine
1h
74
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Today’s Gold Rate in India, June 2, 2025: Gold prices rise in Ahmedabad, Mumbai, Kolkata, Bengaluru, Delhi and Chennai
- Gold prices saw an increase across various cities in India on June 2, 2025.
- In Mumbai, the rate for 1 gram of 22-carat gold was ₹9,030 (up by ₹30) and for 24-carat gold was ₹9,482 (up by ₹32).
- Chennai witnessed rates of ₹8,950 for 1 gram of 22-carat gold and ₹9,398 for 24-carat gold.
- Other cities like Delhi, Ahmedabad, Kolkata, and Bengaluru also experienced a rise in gold prices.
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HinduBusinessLine
1h
222
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FinMin for stringent measures to continue govt schemes beyond March 31, 2026
- The Finance Ministry's Department of Expenditure called for stringent measures to continue government schemes beyond March 31, 2026, avoiding duplication and emphasizing the reduction of wasteful expenditure.
- A workshop chaired by the Cabinet Secretary initiated the appraisal process for Central Sector Schemes (CSs) and Centrally Sponsored Schemes (CSSs) to assess their effectiveness and reduce administrative costs.
- A total of 54 CSSs and 260 CSs are proposed for re-appraisal, covering sectors like health, education, agriculture, infrastructure, and environment, to ensure realistic budget outlays and effective resource allocation.
- The appraisal criteria include financial aspects like setting realistic outlays and policy aspects focusing on delivery effectiveness, State participation, and merging smaller schemes for enhanced outcomes.
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HinduBusinessLine
1h
103
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Deepak Fertilisers’ Sailesh Mehta becomes new chairman of Fertiliser Association of India
- Sailesh Mehta has been elected as the new chairman of the Fertiliser Association of India for a two-year term.
- Mehta previously served as the Co-Chairman of FAI during Krishnan's tenure as Chairman.
- The decision on the post of Co-Chairman, who typically succeeds as Chairman after two years, has been deferred by the board.
- With over 40 years of industry experience, Mehta has also served as Chairman of FAI’s western region for more than five years.
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TechBullion
2h
281
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Itzhak Ezratti’s Net Worth Reflected in Sustainable Growth and Community Care
- Itzhak Ezratti, founder of GL Homes, is a transformative leader in Florida's real estate, focusing on sustainable growth and community care.
- His net worth is reflected in his pursuit of sustainable development, job creation, and philanthropy for community well-being.
- GL Homes, under Misha Ezratti's leadership, emphasizes social responsibility and sustainable land planning, not just luxury housing.
- Founded in 1976, GL Homes has become one of Florida's largest home builders known for quality and long-term value.
- Itzhak Ezratti's emphasis on community building and responsible land use has been integral to GL Homes' success.
- GL Homes focuses on strategic land use, infrastructure support, and environmental responsibility in its developments.
- Ezratti's net worth is seen in the lasting value and impact created through sustainable growth and responsible development.
- GL Homes' developments drive economic growth, create job opportunities, and stimulate local economies across Florida.
- The company's philanthropic initiatives in education, affordable housing, and disaster relief highlight their commitment to community care.
- Itzhak Ezratti and GL Homes redefine net worth by prioritizing community well-being, sustainable growth, and meaningful impact.
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HinduBusinessLine
2h
207
Image Credit: HinduBusinessLine
Vinfast TN investment won't qualify for benefits under scheme to promote manufacturing of EVs: Official
- VinFast's TN investment won't qualify for benefits under the scheme to promote manufacturing of EVs as it was capitalized before approval.
- The application window for the scheme will open for 120 days in a couple of weeks.
- VinFast, Mercedes, Skoda Auto, Hyundai, and Kia show interest in participating in the electric vehicle incentive scheme in India.
- VinFast plans to set up a $2 billion electric vehicle plant in Tamil Nadu, eyeing a launch in India before the festival season with targets to export to the Middle East and Africa.
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