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HinduBusinessLine
18h
217
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RVNL looks at SMRs as next business opportunity along with other green energy sources
- RVNL is exploring Small Modular Reactors (SMRs) as a new business opportunity along with other green energy sources, following the trend towards sustainable energy worldwide.
- MP Singh, Director (Operations) at RVNL, mentioned that they are evaluating SMR technologies and considering the creation of infrastructure through special purpose vehicles (SPVs) for projects like Bharatnet, Vande Bharat, and Port connectivity.
- India is actively developing and deploying SMRs as part of its energy transition strategy, aiming to have at least five indigenously developed SMRs operationalized by 2033.
- RVNL is diversifying into the energy sector from its infrastructure focus and is already involved in related sectors like transmission lines, solar projects, and the Revamped Distribution Sector Scheme (RDSS) in India and other countries such as Uzbekistan and Saudi Arabia.
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Medium
18h
258
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Where Are You on the GenAI Hype Cycle?
- The article delves into the parallels between the pharma industry and GenAI economics, emphasizing the importance of responsible and sustainable product development.
- Pharma and GenAI both involve costly investments in breakthrough innovations, balancing risk and potential impact on customers.
- R&D costs in pharma are significant, with drug development requiring smart bets to balance impact and success rates.
- The article highlights the challenges of developing new drugs, including extensive trials and regulatory approvals that can consume time and resources.
- Pharma companies often face the dilemma of tweaking existing drugs versus reinventing them entirely, considering factors like efficacy and cost-effectiveness.
- Efficiency and efficacy are crucial considerations for pharma leaders, similar to the trade-offs GenAI product managers must navigate.
- GenAI PMs are advised to prioritize ruthlessly and make smart bets based on user behavior insights, ensuring responsible decision-making in product development.
- Overheads in GenAI involve significant resources for scaling up features and models, akin to the infrastructure maintenance challenges faced by pharma companies.
- Profitability and cost management are vital for GenAI PMs, who must balance bold innovation with sustainable returns to create lasting value.
- Efficiency in handling large-scale GenAI models and infrastructure is a key focus area for product managers to deliver high-quality results at scale efficiently.
- The article stresses the importance for GenAI PMs to understand the trade-offs between efficiency and efficacy, and build features that integrate seamlessly into user workflows for real impact.
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Bloomberg Quint
18h
313
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China Gave Pakistan Satellite Support, Indian Defense Group Says
- Chinese involvement in the conflict between Pakistan and India included providing air defense and satellite support to Pakistan, as claimed by a research group under India's Ministry of Defence.
- China assisted Pakistan in reorganizing radar and air defense systems to detect Indian troop deployments more effectively.
- Adjustments to satellite coverage over India were made by Pakistan with China's help between a tragic event on April 22 and the escalating hostilities.
- China's involvement in providing logistical and intelligence support to Pakistan was highlighted by the Indian defense group, contrasting with the lack of public disclosure by India's government.
- China's Foreign Ministry and Defense Ministry did not respond to requests for comments, while India's relevant authorities also remained silent.
- The conflict between Pakistan and India saw significant military engagement, with both sides employing various weapons and strategies along their shared border.
- China's role in the conflict was described as a test ground for its weapons, with varying success rates reported by Indian military assessments.
- India's defense systems were commended for effectively countering Pakistan's drone usage, leveraging an integrated network of sensors for advantages.
- The conflict also raised concerns about the use of Chinese weapons in live fighting scenarios, such as the J-10C fighter and PL-15 air-to-air missile.
- The complex dynamics between India, Pakistan, and China underscored the ongoing tensions and strategic calculations in the region, particularly concerning disputed territories like Kashmir.
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HinduBusinessLine
18h
302
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Mumbai Metro trying to extract monopolistic rents from telcos: COAI
- COAI Director General Dr. S.P. Kochhar dismissed reports of monopolistic rents by Mumbai Metro as baseless allegations.
- Kochhar argued that Mumbai Metro is trying to extract monopolistic and extortionate rents for providing mobile network connectivity.
- COAI stated that Mumbai Metro ignored TSPs' offer for a common network and instead appointed a third-party vendor with unviable rates.
- TSPs are willing to invest in setting up networks inside the metro but object to the alleged extortionate rates being charged by Mumbai Metro.
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HinduBusinessLine
18h
11
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Keystone Realtors aims 32% growth in housing sales bookings to ₹4,000 cr in FY26: CMD
- Keystone Realtors achieved a 34% increase in pre-sales or sales bookings to ₹3,028 crore in the last fiscal year, surpassing its annual guidance.
- The company aims for a 32% growth in sales bookings to reach ₹4,000 crore in the 2025-26 fiscal year, with a focus on expanding in Mumbai Metropolitan Region (MMR) and other cities in Maharashtra state.
- Keystone Realtors plans to invest in acquiring land parcels, with 9 land parcels acquired in the last fiscal that could generate sales potential of ₹4,783 crore in the coming years.
- The company reported a 69% increase in consolidated net profit to ₹188.13 crore last fiscal and continues to focus on an asset-light model with a pipeline of over 40 million square feet of construction area in progress.
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HinduBusinessLine
18h
358
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China extended satellite support to Pakistan, says research group under Indian Defence Ministry
- China assisted Pakistan in reorganising its radar and air defence systems to better detect India's troop and weaponry movements, as per Ashok Kumar, director general at the Centre For Joint Warfare Studies.
- China aided Pakistan in adjusting its satellite coverage over India, providing logistical and intelligence support to Islamabad beyond supplying weapons during the conflict.
- The Centre for Joint Warfare Studies, an Indian think tank, highlighted China's involvement in assisting Pakistan amidst the conflict, though the Indian Government hasn't publically confirmed this.
- The conflict between India and Pakistan escalated following a massacre on April 22, with both countries engaging in air, drone, missile strikes, and artillery fire. The involvement of world powers and ceasefire agreements have been key developments.
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HinduBusinessLine
18h
0
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Consumer product companies face challenges in implementing food-grade recycled plastic norms
- There is a shortage of FSSAI-approved food-grade recycled PET material compared to the demand from consumer product brands.
- Consumer product companies are required to incorporate 30% recycled plastic in Category-1 packaging by FY26 as per Ministry regulations.
- Only five out of 20 recycled PET manufacturers have received FSSAI approvals, limiting brands' access to the existing capacity.
- Industry stakeholders are urging the government to align labelling guidelines of FSSAI with Plastic Waste Management rules to avoid confusion.
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TronWeekly
18h
302
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3 Hidden Gems Are Booming—These Are The Best Crypto to Buy This Month
- The cryptocurrency market is witnessing a surge in activity with Bitcoin reaching new highs, leading to increased interest in the best crypto to buy this month.
- Qubetics, Ethereum, and Solana are among the top contenders gaining traction, with Qubetics standing out for its innovative DeFi and blockchain interoperability solutions.
- Qubetics' crypto presale in its 34th stage has sold over 512 million tokens, raising $17 million, offering potential ROI of up to 5,822% at $15 after the mainnet launch.
- Qubetics focuses on improving blockchain interoperability and security with its Non-Custodial Multi-Chain Wallet and Decentralized VPN solutions, addressing key challenges.
- Ethereum's transition to Ethereum 2.0 and dominance in smart contracts space make it a top choice, offering better scalability and lower energy consumption.
- Solana, known for fast transactions and low fees, stands out for its scalability, handling over 65,000 transactions per second and revolutionizing payment processing.
- Qubetics, Ethereum, and Solana present unique investment opportunities, with Qubetics showing significant growth in crypto presale stages and potential for long-term gains.
- As top candidates for the best crypto to buy this month, these projects offer diverse benefits, with Ethereum and Solana as established leaders and Qubetics providing fresh solutions.
- Qubetics' innovative offerings, Ethereum's Ethereum 2.0 upgrade, and Solana's speed and scalability position them as leading choices in the evolving crypto market.
- Qubetics excels in solving privacy and interoperability issues, Ethereum in smart contracts, and Solana in fast, efficient blockchain solutions, catering to different needs of investors and users.
- With Qubetics' presale at an advanced stage and high token sales, along with the continuous developments in Ethereum and Solana ecosystems, these projects promise substantial returns and advancements.
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Bloomberg Quint
19h
347
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ECB’s Lagarde Says Euro’s Strength Is Counterintuitive, But Justified
- ECB President Christine Lagarde stated that the euro's strength against the dollar is due to the uncertainty and loss of confidence in US policies.
- Lagarde sees this as an opportunity for Europe and emphasizes the need for deepening the European Union to capitalize on this moment.
- Investors have been moving away from the US dollar this year, reflecting concerns over US policymaking including tariff policies and threats to the Federal Reserve's independence.
- Other ECB policymakers, like Vice President Luis de Guindos and Executive Board member Isabel Schnabel, also see potential for the euro to strengthen internationally if Europe enhances integration efforts.
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HinduBusinessLine
19h
33
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Anarock's FY25 revenue up 33% on higher property consultancy fees
- Anarock, a Mumbai-based firm, saw a 33% increase in revenue for the financial year 2024-25, reaching ₹566 crore.
- The growth was attributed to economic expansion driving demand for residential and commercial properties, with consultancy services in the housing segment contributing around 56% of the total turnover.
- Revenue also came from land deals, capital market transactions, office leasing consultancy services, project management, and various consultancy services in other segments.
- Anarock raised ₹200 crore for business growth, plans potential acquisitions, and currently operates with a staff of over 2,300 employees in key markets in India and the Middle East.
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HinduBusinessLine
19h
281
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Proposed satcom services fees may pose a hurdle for small entrants
- TRAI has proposed levying 4% of Adjusted Gross Revenue for Geostationary Orbit and non-GSO services, along with an additional charge of ₹500 per subscriber per annum in urban areas for simplification and ease of doing business.
- The proposed fees may pose challenges for small satellite communication operators entering the market, as they may struggle to handle the spectrum fees and license contributions compared to larger players like OneWeb, Starlink, and Kuiper.
- TRAI's recommendation for AGR-based charging aims to benefit small operators and create a healthy market structure, although stakeholders are still deliberating on these proposals.
- Satcom services are expected to be priced higher than existing terrestrial mobile and fixed-line services due to satellite infrastructure costs, which could impact initial commercial success, especially in urban and corporate sectors.
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Bloomberg Quint
19h
288
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Adani Defence & Aerospace And Sparton Enter Partnership To Indigenise Anti-Submarine Warfare Solutions
- Adani Defence & Aerospace has partnered with Sparton to assemble Anti-Submarine Warfare solutions for the Indian Navy under Aatmanirbhar Bharat initiative.
- This partnership will focus on localizing the production of sonobuoys and other Anti-Submarine Warfare systems in India, reducing dependency on foreign manufacturers.
- Sonobuoys are crucial for undersea domain awareness and detecting submarines, contributing significantly to anti-submarine warfare and naval operations.
- Adani Defence & Aerospace aims to enhance India's undersea warfare capabilities through this partnership and promote self-reliance in defense technology.
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HinduBusinessLine
19h
277
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Adani Defence signs pact with Sparton to indigenise anti-submarine warfare systems
- Adani Defence has signed a pact with Sparton to indigenize anti-submarine warfare systems, making it the first private sector company in India to offer indigenised sonobuoy solutions.
- The collaboration will combine Sparton's ASW technology with Adani Defence's expertise in development, manufacturing, and sustainment for the Indian Navy.
- Sonobuoys are crucial in enhancing Undersea Domain Awareness (UDA) and play a key role in detecting, locating, and tracking submarines and underwater threats.
- This initiative aligns with 'Aatmanirbhar Bharat' and 'Make in India' initiatives, aiming to reduce India's dependence on foreign OEMs and strengthen its undersea warfare capabilities for safeguarding sovereignty and national interests.
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