A naukri.com initiative
Business News
Bloomberg Quint
1w
227
Image Credit: Bloomberg Quint
Uber’s India Ambitions Face Latest Challenge From Rival Rapido
- Rapido challenges Uber in India with motorcycle taxi disruption and new pricing model.
- Rapido's unique approach includes tiny subscription fee for drivers, setting stage for profitability.
- India's growth market attracts competition as Uber faces off against local rival Rapido.
Read Full Article
7 Likes
HinduBusinessLine
1w
795
Image Credit: HinduBusinessLine
Ensuring AI fosters fair play in digital markets
- The Competition Commission of India (CCI) has partnered with Management Development Institute Society (MDIS) to study the impact of AI on competition in India, focusing on regulatory frameworks and stakeholder inputs.
- AI, powered by advanced algorithms and massive data, can enhance productivity and innovation but may lead to anti-competitive outcomes due to a lack of transparency, presenting challenges for regulators.
- AI's lack of transparency, known as the 'black box' problem, creates difficulties in understanding decision-making processes and attributing responsibility for anti-competitive behavior, complicating regulatory actions.
- The CCI's proactive approach and initiatives indicate a forward-thinking strategy to ensure fair play in digital markets amidst the rapid advancements of AI, emphasizing the need for a robust regulatory framework and global cooperation.
Read Full Article
14 Likes
Bloomberg Quint
1w
702
Image Credit: Bloomberg Quint
Petrol, Diesel Prices Flat On July 11 — Here's How Much You Pay For Fuel In Your City
- Fuel prices in India remained unchanged on July 11, with petrol and diesel maintaining steady prices across major cities.
- In Delhi, petrol is priced at Rs 94.77 per litre, while diesel costs Rs 87.67. In Mumbai, petrol is priced at Rs 103.50 per litre, and diesel at Rs 90.03.
- Oil marketing companies in India review fuel prices daily based on global crude oil prices, exchange rates, demand, and trade flow in global markets.
- Despite recent volatility in global crude oil prices due to geopolitical risks, oil prices remained stable, with Brent and West Texas Intermediate showing minimal fluctuations.
Read Full Article
11 Likes
Bloomberg Quint
1w
242
Image Credit: Bloomberg Quint
JSPL, Hindalco, Jindal Stainless — Anand Rathi's Top Stock Picks In Metals & Mining Sector; Q1 Results Preview
- Anand Rathi is positive on Jindal Steel, Hindalco Industries, and Jindal Stainless in the Metals and Mining sector for Q1 results.
- Anand Rathi anticipates Jindal Steel and Power Ltd. to outperform the sector with Rs 13,214 Ebitda/tonne and sector-leading ~20.6% Ebitda margins.
- Jindal Stainless Ltd.'s Ebitda is expected to have improved the most quarter-over-quarter (QoQ) by 30% to Rs 11,066/tonne.
- In Q1 FY26, primary long steel prices commanded an 8% premium to HRC, reaching a high of Rs 57,200 a tonne.
Read Full Article
14 Likes
Bloomberg Quint
1w
238
Image Credit: Bloomberg Quint
Trump Plans ‘Major’ Russia Statement Monday, Mulls Sanctions
- President Donald Trump plans to make a 'major statement' on Russia and criticized Russian President Putin's actions in Ukraine.
- Trump expects the Senate to pass a tough Russia sanctions bill and mentioned that NATO allies will pay for US arms to be sent to Ukraine.
- US arms, including air-defense missiles and artillery shells, are being sent to Ukraine despite an earlier Pentagon pause due to Trump's frustration over aid to Kyiv.
- Trump expressed mounting frustration with Putin as Russia intensified attacks on Ukrainian cities.
Read Full Article
14 Likes
Bloomberg Quint
1w
246
Image Credit: Bloomberg Quint
Trump Threatens 35% Canada Tariff, Floats Higher Blanket Rates
- Trump plans to levy a 35% tariff on Canadian goods from August 1.
- He also considers increasing blanket tariffs on most trading partners.
- This move shows no retreat from his trade war despite Canadian efforts for a deal.
Read Full Article
14 Likes
Bloomberg Quint
1w
340
Image Credit: Bloomberg Quint
PPF Vs SIP Comparison: How Much Rs 12,500 A Month Will Make By Retirement
- Comparing a monthly investment of Rs 12,500 over 15 years in PPF and SIPs shows significant differences in outcomes.
- PPF, with its stable and government-backed nature, could yield an estimated maturity amount of around Rs 39.44 lakh at an interest rate of 7.1% per annum.
- On the other hand, investing the same amount in mutual fund SIPs with an assumed average return of 12% per annum could result in an estimated maturity amount of around Rs 63 lakh.
- Investors looking for stable returns and tax benefits may opt for PPF, while those seeking higher returns and are willing to take on more risk might prefer SIPs. A balanced approach could involve investing in both for stability and long-term wealth creation.
Read Full Article
20 Likes
Bloomberg Quint
1w
208
Image Credit: Bloomberg Quint
Apple Plans New MacBook Pro, iPhone 17e And iPads By Early 2026
- Apple plans new MacBook Pro, iPhone 17e, and iPads for early 2026.
- Updates to entry-level tablet, iPad Air, and MacBook Pros are expected.
- The new products aim to boost revenue growth after spotty demand recently.
Read Full Article
12 Likes
TronWeekly
1w
328
Image Credit: TronWeekly
Start your BTC and DOGE mining journey for free – Quid Miner launches a new app to make cloud mining accessible to everyone
- Quid Miner, a cloud mining platform, has launched a new mobile app to simplify cryptocurrency mining for users.
- The app allows users to mine Bitcoin, Dogecoin, and Litecoin without needing technical equipment or background.
- The platform offers features like easy earnings tracking, multiple currency support, double security protection, and sign-up bonuses.
- Quid Miner aims to make mining accessible to all users and provides various contract options for different cryptocurrencies.
Read Full Article
19 Likes
HinduBusinessLine
1w
1.8k
Image Credit: HinduBusinessLine
Merger of technology and operations needed to tackle Agentic AI: WNS CEO Keshav Murugesh
- WNS CEO emphasizes the need for merging technology and operations to address the challenges posed by Agentic AI, aiming to create 'intelligent operations'.
- The merger deal, expected to close by year-end, is seen as essential for long-term market positioning, with a focus on stakeholder care during the era of AI.
- The CEO believes that there is still ample opportunity for standalone BPM companies despite evolving AI landscape, and the deal with Capgemini is to enhance competitiveness through leadership and premium transaction structure.
- WNS CEO acknowledges ongoing investments in transitioning to the Agentic AI world but emphasizes the scale required, with the deal reflecting strong progress, high revenue growth, and potential for further industry consolidation.
Read Full Article
12 Likes
HinduBusinessLine
1w
513
Image Credit: HinduBusinessLine
Zee, IREDA, Tata Elxsi, Lemon Tree, Aegis Logistics, Nibe lead 15-stock watchlist for today’s trade
- Shareholders rejected Zee Entertainment Enterprises’ proposal to issue convertible warrants to promoters as special resolution failed to get requisite majority votes.
- IREDA reported a 36% decline in net profit due to higher expenses; revenue from operations improved during the June quarter.
- Manbro Industries approved strategic acquisitions in steel products, vehicle scrappage, and fabricated steel solutions.
- Various companies like Lemon Tree, Birla Corporation, Petronet LNG, Aegis Logistics, Nibe Ltd, CCCL, Popular Vehicles & Services, and Titagarh Rail Systems announced significant business developments and orders.
Read Full Article
24 Likes
HinduBusinessLine
1w
1.2k
Image Credit: HinduBusinessLine
Why these 4 large-cap stocks HUL, TCS, JSW Infra, Glenmark Pharma will be in focus in today’s trade
- Tata Consultancy Services reported a 6% rise in net profit in the first quarter of FY26 but lower-than-expected revenue due to subdued discretionary spending and global uncertainties affecting demand.
- JSW Infrastructure's Resolution Plan for NCR Rail Infrastructure Limited, owning a Private Freight Terminal in Khurja, Uttar Pradesh, has been approved by the Committee of Creditors, receiving a Letter of Intent on July 10.
- Glenmark Pharmaceutical's subsidiary Ichnos Glenmark Innovation Inc signed a $700 million licensing deal with AbbVie for its lead drug candidate ISB 2001, showing promising outcomes in patients with relapsed / refractory multiple myeloma.
- The developments involving HUL, TCS, JSW Infra, and Glenmark Pharma are expected to be significant in today’s trade due to the respective updates in their operations and partnerships.
Read Full Article
23 Likes
Bloomberg Quint
1w
101
Image Credit: Bloomberg Quint
Oil Prices Steady As Traders Focus On OPEC+ Supply And Trump Tariffs
- Oil prices steadied after falling more than 2% on Thursday as investors assessed the impact of OPEC+ supply decisions and President Trump's tariffs.
- West Texas Intermediate was around $67 a barrel, while Brent closed below $69 in the previous session.
- OPEC+ is considering pausing production increases after a planned hike in September, potentially reversing recent output cuts earlier than anticipated.
- Despite concerns about oversupply, there are indications of tightness in the physical oil market, with demand typically strong during the Northern Hemisphere summer.
Read Full Article
5 Likes
HinduBusinessLine
1w
55
Image Credit: HinduBusinessLine
Do e-payments spur growth?
- Digital payments like UPI have surged in India, reaching 600M transactions daily.
- Despite this growth, there's no clear impact on GDP growth, posing economic questions.
- Increased UPI transactions may not directly translate to GDP growth due to various factors.
Read Full Article
3 Likes
Bloomberg Quint
1w
153
Image Credit: Bloomberg Quint
US Stock Futures Fall, Dollar Gains on Tariff Jitters: Markets Wrap
- Contracts for S&P 500 and European stocks fell 0.2% due to proposed tariffs.
- Dollar strengthened after Trump hinted at higher tariffs, causing equity-index futures to retreat.
- Tariff tensions rise as Trump plans to remake global trade, impacting stock markets worldwide.
Read Full Article
9 Likes
For uninterrupted reading, download the app