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Bloomberg Quint
1w
358
Image Credit: Bloomberg Quint
Brazilian Assets Fall As Trump's 50% Tariff Threat Roils Outlook
- President Donald Trump's threat of imposing 50% tariffs on all goods from Brazil has led to a drop in Brazilian assets, including a 0.8% decline in the real and a 1.5% dip in stock futures.
- The tariffs, initially expected to be 10%, have caused heightened volatility in Brazilian markets. Trump's letter cited Brazil's alleged interference in US elections as a reason for the increased levy.
- Brazilian President faces challenges in avoiding the tariffs due to legal constraints set by Trump. The situation has put markets on edge, leading to increased risk aversion and potential reassessment of companies with significant exposure to the US market.
- Analysts anticipate the tariffs to impact local assets negatively, necessitating reviews of cash flow and valuations for companies heavily reliant on the US market.
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HinduBusinessLine
1w
211
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Orient Cables files draft papers for ₹700-cr IPO
- Orient Cables has filed draft papers for a ₹700-crore IPO, which includes a fresh issue and an Offer for Sale (OFS) by promoters.
- The fresh issue comprises equity shares worth ₹320 crore, with the OFS consisting of equity shares totaling ₹380 crore, making the total offer size ₹700 crore as stated in the draft red herring prospectus.
- Proceeds from the fresh issue, specifically ₹91.50 crore, will be utilized for capital expenditure, while ₹155.50 crore will go towards repayment of outstanding borrowings and general corporate purposes.
- Orient Cables, a manufacturing company focusing on networking cables and passive networking equipment for various industries, might conduct a pre-IPO placement of up to ₹64 crore, managed by IIFL Capital Services and JM Financial.
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Bitcoinsensus
1w
200
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Coinbase Teams with AI Firm Perplexity for Crypto Insights
- Coinbase has partnered with Perplexity AI to integrate real-time crypto insights using Coinbase's market data in Perplexity's Comet browser.
- Perplexity reports that user searches for crypto now match those for stocks, indicating significant adoption of cryptocurrencies.
- Future plans involve allowing users to request Perplexity AI to screen trades or analyze crypto trends using Coinbase data through a conversational interface.
- The partnership reflects Coinbase's foray into AI and aims to provide traders with data-driven decision-making tools, enhancing real-time, intelligent, and contextual analysis.
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Bloomberg Quint
1w
1.9k
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TCS Q1 Impact: Wipro, Infosys ADR Decline
- Wipro and Infosys American depositary receipts (ADRs) declined after Tata Consultancy Services Ltd. (TCS) reported its first-quarter results.
- Wipro's ADR fell over 6% to 2.8880, while Infosys ADR dropped nearly 4% to 18.07.
- TCS experienced a 1.6% decline in revenue to Rs 63,437 crore in the first quarter, missing the analyst consensus estimate.
- TCS reported a 4% rise in consolidated net profit, with an increase in headcount and an IT services attrition rate of 13.8% over the past twelve months, the highest in nearly two years.
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HinduBusinessLine
1w
102
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Heavy rain floods Gurugram; residents express anger on social media
- Heavy rain in Gurugram prompts authorities to advise private institutions and companies to implement work-from-home policies and residents to refrain from unnecessary travel.
- 133 mm rainfall, including an intense spell of 103 mm, was recorded in Gurugram within a 12-hour period, prompting an orange alert from the India Meteorological Department.
- Social media users express anger over the city's infrastructure after flooded streets, traffic congestion, and road damages were reported, with videos of Golf Course area going viral.
- Authorities and residents use social media to share updates on road clearing efforts and emphasize the need for collaboration between the government, private sector, and resident welfare associations for infrastructure development.
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HinduBusinessLine
1w
640
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Manipal Hospital’s Sahyadri buy signals next phase in hospital consolidation
- Manipal Hospitals has acquired Sahyadri Hospitals, a regional chain in Maharashtra, adding 11 facilities and expanding its presence in Western India.
- The acquisition strengthens Manipal's position with 49 hospitals and over 12,000 beds, making it one of India's largest hospital chains.
- Sahyadri's focused regional strategy in Maharashtra, a compelling healthcare market, made it an attractive asset for national chains looking to scale regionally.
- The acquisition is part of a broader trend of consolidation in India's healthcare industry, with M&A becoming a preferred method to expand and improve patient outcomes.
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Bloomberg Quint
1w
72
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India Needs To Explore Battery Technology Aside From Lithium-Ion: Industry Experts
- Industry experts suggest that India needs to explore battery technologies beyond lithium-ion, which currently dominates the market due to its high energy density and quick charging capabilities.
- The surge in the electric vehicle (EV) market in India underscores the importance of finding alternative battery technologies to ensure sustainability in the future.
- Experts emphasize the need to diversify energy storage solutions to address concerns over limited raw materials availability for lithium-ion batteries, leading to potential production challenges and shortages.
- Innovative solutions like Vanadium Redox Flow Batteries (VRFB), sodium-ion technologies, and thermo-mechanical systems are emerging as promising alternatives that could revolutionize the EV industry and support clean energy initiatives.
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Bloomberg Quint
1w
1.1k
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TCS Q1 Results: Tata Consultancy Sales Drag As Cautious Clients Hold Back Tech Spends
- Tata Consultancy Services Ltd. reported a decline in sales in the first quarter through June, marking an annual decline of just over 3% in constant currency due to geopolitical uncertainties and cautious clients on technology spending.
- TCS' revenue growth is at its lowest since the beginning of fiscal 2021, with the company's CEO stating that the resumption of growth depends on more clarity in the macroeconomic scenario.
- While global trade uncertainties have caused clients to pause or delay projects, TCS' new-age services in AI, cybersecurity, and cloud computing have performed well.
- Despite the sales decline, TCS' net income rose by 6% compared to the same period last year, with analysts forecasting a lower value.
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TechBullion
1w
345
Image Credit: TechBullion
Unleash Your Adventure with Tactical Backpacks
- Tactical backpacks are engineered companions for outdoor adventure on challenging terrains.
- Designed to withstand extreme conditions with tough material and smart organization features.
- Tactical backpacks excel in durability, structural integrity, and stability during intense activities.
- They offer high-quality materials, advanced suspension systems, and versatile storage options.
- Choosing the right tactical backpack involves considering capacity, fit, and activity-specific features.
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HinduBusinessLine
1w
175
Image Credit: HinduBusinessLine
Omar Abdullah says tourism “bouncing back” in J&K, invites Mamata to visit
- Omar Abdullah invited West Bengal Chief Minister Mamata Banerjee to visit J&K, and Banerjee accepted the invitation.
- Abdullah attended the inauguration of a travel and tourism fair in Kolkata, encouraging tourists to visit Jammu and Kashmir while assuring enhanced security measures.
- Abdullah expressed hope for J&K's tourism recovery post the Pahalgam terror attack and mentioned the ongoing Amarnath yatra.
- Abdullah and Banerjee emphasized the importance of safety and security measures to boost tourism in J&K, with Banerjee agreeing to provide assistance and planning to visit after Durga Puja.
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Bitcoinsensus
1w
251
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Rumble and MoonPay Launch Crypto Wallet for Creators
- Rumble and MoonPay are joining forces to launch a crypto wallet, allowing users to manage earnings directly within the platform.
- The Rumble Wallet is set to debut in Q3 2025 with integrated support from MoonPay for crypto-fiat transactions.
- MoonPay’s creative agency Otherlife will transition to Rumble Cloud, marking a deeper alignment with Web3 technologies.
- The move aims to simplify crypto transactions for creators, offering a single interface within Rumble for buying, selling, and swapping crypto.
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TechBullion
1w
428
Image Credit: TechBullion
The Digital Storefront: Why a Well-Developed Website is Vital for Online Business Success
- A business's website plays a vital role in brand identity, sales, and customer trust in the digital age.
- Website quality impacts revenue, customer retention, and competitiveness, emphasizing the importance of professional web development over DIY solutions.
- Key aspects of website development include design, mobile responsiveness, speed, SEO, and security for building customer trust and driving conversions.
- Choosing the right web development company is crucial for tailored solutions, technical expertise, future-proofing, compliance, and accessibility, especially for ecommerce needs.
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TheNewsCrypto
1w
222
Trader Spotlights Little Pepe (LILPEPE) for 4000% Gains in the Next 16 Weeks, as Ethereum (ETH) and Solana (SOL) Prepare for 4x Gains
- Top traders are spotlighting Little Pepe (LILPEPE) for potential 4,000% gains over the next 16 weeks, standing out among Ethereum (ETH) and Solana (SOL) forecasts.
- Ethereum (ETH) is projected to surpass $5,000 by year-end, while Solana (SOL) is expected to see a 4x increase by early 2026, driven by its growing ecosystem and investor optimism.
- Little Pepe (LILPEPE) is gaining attention for its meme-fueled energy, zero tax feature, and potential as a launchpad for meme tokens, with a presale already 90.06% sold out.
- Whales are accumulating LILPEPE tokens, with immense FOMO evident across social platforms, backed by a $770,000 giveaway to fuel community engagement and growth.
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HinduBusinessLine
1w
95
Image Credit: HinduBusinessLine
LIC, IDBI disinvestment moves forward amid Govt sale push
- The government is planning to sell 6.5% of its stake in LIC in tranches through the Offer for Sale route to meet the 10% public shareholding requirement by May 16, 2027.
- The strategic sale of IDBI Bank, which is owned by government entities including LIC, is expected to be completed within the next four months, with the government and LIC divesting a combined 60.72% stake.
- The due diligence process is ongoing for the strategic disinvestment of IDBI Bank, with the government having received multiple EoIs and prospective buyers already obtaining security clearance and being evaluated as fit and proper by RBI.
- Shares of LIC and IDBI Bank were trading at ₹924.40 and ₹99.50 apiece, respectively, on the BSE as of July 10, 2025.
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