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HinduBusinessLine
2w
258
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Govt to sell minority stake in LIC
- The government is planning to sell a minority stake in LIC, which currently holds 96.5% stake in the company.
- The government had already sold 3.5% stake in LIC through an IPO in May 2022, generating around ₹21,000 crore.
- To meet the mandated 10% public shareholding requirement by May 16, 2027, the government needs to offload another 6.5% stake in LIC.
- The discussions for the further share sale in LIC through the Offer for Sale (OFS) route are in early stages. The quantum of stake sale, price, and timing will be decided later.
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Bloomberg Quint
2w
8
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iPhone 15 Price Drops To New Low On Amazon Prime Day Sale — Buy Or Wait For iPhone 17?
- The iPhone 15 is being offered at a significant discount on Amazon Prime Day sale in India, with the 128GB version priced at Rs 57,249, down from its launch price of Rs 79,900.
- Additional savings are available for customers using specific bank cards and EMI options, along with exchange deals and no-cost EMI.
- While the iPhone 17 is set for release soon with advanced specs and features, the iPhone 15 still offers strong performance and features like a 6.1-inch Super Retina XDR screen, A16 Bionic processor, and dual rear cameras.
- Those looking for the latest smartphone should wait for the iPhone 17, but the discounted iPhone 15 remains a smart choice for those content with a slightly older model that performs well.
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HinduBusinessLine
2w
357
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Amazon starts 10-Minute delivery in Delhi in Quick-Commerce push
- Amazon is expanding its “Now” service to Delhi in a push towards quick commerce, aiming to compete with rivals like Blinkit, Instamart, and Zepto in providing near-instant deliveries.
- The company has received positive feedback and plans to expand the service in the coming months to cater to the demand for fast deliveries driven by a growing middle class in India.
- Amazon's rivals are already offering quick delivery services for items ranging from groceries to gadgets, pushing Amazon and Flipkart to enter the quick commerce segment in India.
- Amazon has been investing significantly in India, committing over $11 billion since 2013, and recently announced an additional $233 million investment to enhance its delivery network and infrastructure across the country.
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HinduBusinessLine
2w
21
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Notice on WhatsApp is invalid under CGST Act: Kerala High Court
- The Kerala High Court deemed a notice on WhatsApp as invalid under the CGST Act 2017.
- The court highlighted a procedural flaw in the enforcement officer's actions regarding the confiscation of a vehicle for alleged tax evasion.
- The matter has been remanded for further consideration, noting a discrepancy in the notice served to the petitioner.
- The court's decision does not impact the confiscation of goods not owned by the petitioner.
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HinduBusinessLine
2w
283
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BL Explainer: All you want to know about UAE’s golden visa
- The UAE offers golden visas in seven categories including public investors, entrepreneurs, real estate investors, exceptional talents, outstanding students, humanitarian pioneers, and frontline heroes.
- The required amount to be spent for these visas is AED 2 million for real estate and other investors.
- Golden visa holders in the UAE have the right to live and work without a local sponsor, can sponsor family members and service workers, and the visa is valid for 5-10 years, renewable based on meeting the eligibility criteria.
- UAE has denied claims of introducing a new category for golden visas at ₹23 lakh. Many countries worldwide, including European nations, Canada, New Zealand, and Singapore, offer similar golden visa programs to attract investors.
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TechBullion
2w
150
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Resources for Businesses
- For organizations starting their DevOps journey, various resources like books, online courses, and certifications are available for guidance.
- Key resources include books such as 'The Phoenix Project' and 'The DevOps Handbook' and platforms like Coursera, Udemy, and LinkedIn Learning for technical skills.
- Industry conferences, webinars, and networking can provide insights into DevOps trends and innovations, with a focus on AI/ML adoption, cloud-native architectures, and DevSecOps.
- The integration of security into the DevOps pipeline, emphasis on cloud-native strategies, and leveraging AI/ML are prominent trends in DevOps strategies for enhanced efficiency and security.
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HinduBusinessLine
2w
209
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Musk unveils Grok 4 AI chatbot after antisemitism controversy
- Elon Musk unveiled the Grok 4 AI chatbot, claiming it to be smarter than most graduate students, with improved voice conversations and outperforming competitors like OpenAI.
- Grok 4's release follows a controversy where antisemitic comments were posted by the earlier version, prompting xAI to take action against hate speech.
- The announcement coincides with X CEO Linda Yaccarino stepping down, amid xAI's efforts to develop and distribute Grok to a wider user base, while facing stiff competition in the AI chatbot space.
- Turkish government minister criticized Grok for inappropriate posts, warning of a potential ban if corrective measures aren't implemented to prevent such content.
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Bloomberg Quint
2w
344
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LIC Share Sale: Government To Offload Minority Stake Via OFS
- The government has approved further share sale in LIC through the Offer for Sale (OFS) route.
- The government currently holds 96.5% stake in LIC and needs to offload another 6.5% to meet the 10% public shareholding requirement by May 16, 2027.
- The discussions for the share sale are still in the early stages, with the disinvestment department expected to finalize the details.
- The quantum of stake sale, price, and timing will be determined later, and LIC's current market capitalization is Rs 5.85 lakh crore.
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Bloomberg Quint
2w
326
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Who Is Lishalliny Kanaran? Miss Grand Malaysia 2021 Accuses Indian Priest Of Molestation
- Lishalliny Kanaran, Miss Grand Malaysia 2021, accused a Malaysian-based Indian priest of molestation that occurred in June at the Mariamman Temple in Sepang, Malaysia.
- Kanaran shared her ordeal on Instagram, stating that the priest poured 'holy water from India' before the inappropriate act under the guise of giving blessings.
- An investigation has been initiated by the Malaysian police into the incident, with the accused priest currently absconding.
- Lishalliny Kanaran, a model and actress, won the Miss Grand Malaysia 2021 title on her third attempt and is known for her advocacy for causes like period poverty and children's education.
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Bloomberg Quint
2w
1.1k
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Ambuja, UltraTech, JK Cement — Systematix' Top Stock Picks In Cement Pack; Q1 Results Preview
- Cement Q1 Results Preview: Ultratech, Ambuja, JK Cement are the brokerages' top picks, with a potential revision of top picks post Q1 FY26 results due to recent surge in valuations.
- Volume growth during the quarter for companies under Systematix' coverage is expected to be in the range of 6-7% YoY, with strong performance expected from JK Cement and Ambuja at 11.5% and 8.2% respectively.
- Dalmia and Ultratech are likely to report slower growth at 5.4% and 5.8% respectively.
- Cement demand in Q1 FY26 showed improvement on a YoY basis, attributed to a low base caused by elections last year.
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Cryptoninjas
2w
163
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Snorter Presale Hits $1.6M — The Meme Coin Bot Gaining Attention Among Leading Altcoins
- Snorter takes a unique path in the crypto market with a $1.6M presale.
- It offers multi-chain opportunities on Solana and Ethereum, solidifying its utility.
- Operating on Telegram, Snorter provides fast execution time and extensive trading features.
- This meme coin focuses on real tech utility, setting it apart from competition.
- Investors are piling in due to high staking returns, future potential, and problem-solving features.
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HinduBusinessLine
2w
262
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Bihar poll: Centre adds 7 new products from Bihar on e-NAM platform
- Bihar, which lacks a mandi system, has integrated with e-NAM for online trading ahead of the upcoming polls in October-November.
- Centre adds 7 new products from Bihar on e-NAM, following a recommendation from the State.
- The products include unique varieties like Marcha rice, Katarni rice, Jardalu mango, Magahi paan, and Shahi litchi, each holding a GI tag.
- Union Agriculture Minister approved the inclusion of these products on e-NAM to benefit farmers with better market access, pricing, and quality, totaling the products on the platform to 238.
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HinduBusinessLine
2w
344
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Private equity investments in Indian real estate jump 38% to $2.4 bn in H1 2025
- Private equity investments in Indian real estate surged by 38% to $2.4 billion in the first half of 2025, showcasing investor confidence in the market's resilience and potential.
- Commercial office assets continued to lead investments in Q2 2025, while sectors like retail, hospitality, and student housing also attracted investor interest, reflecting a move towards portfolio diversification.
- Land transactions claimed a significant share of 40% in H1 2025 investments, with Mumbai being a hotspot for investment, securing around 70% of land investments.
- Foreign investors played a dominant role in private equity inflows during the first half of 2025, contributing 76% of the total investment volume, indicating strong global interest in India's real estate sector.
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Bloomberg Quint
2w
21
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Buy Sun Pharma, Add Metropolis Lists HDFC Securities Among Others In Pharma, Healthcare; Q1 Results Preview
- HDFC Securities expects strong performances from Lupin, Ipca, and Torrent in the pharma and healthcare sector, while Aurobindo, Zydus, and Max Healthcare may post muted results.
- IPM has seen steady growth at 7.2% in Apr/May’25, with a 10% growth in the chronic segment offset by a 6% growth in the acute segment.
- Pharma coverage is projected to see an 11% YoY sales growth, driven by a rise in India business by 11% YoY and a 2% QoQ growth in US sales.
- The hospital business is expected to grow by 15% YoY, supported by steady average revenue per occupied beds and M&As such as Max Healthcare.
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Bloomberg Quint
2w
722
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PI Industries, Gopal Snacks, RK Forgings, Ireda CG Power Among Others Buzzing On Dealers' Desk
- Dealers indicate sell flows on institutional desks for PI Industries while Gopal Snacks, Ashapura Mine, and RK Forgings are witnessing large buy orders on high-net-worth desks.
- Multiple dealing rooms have been giving buy calls on IREDA due to cheap valuations and 30% AUM growth guidance. VST Tillers is experiencing buy flows in anticipation of a GST rate cut for small tractors.
- CG Power is seeing buy flows on domestic institutional desks with expectations of an upmove. The stock has been consolidating recently.
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