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Business News
HinduBusinessLine
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221
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Puravankara expands in East Bengaluru with joint development worth ₹1,000 cr
- Puravankara has expanded in East Bengaluru with a joint development worth ₹1,000 crore aimed at tapping into strong residential demand near major IT hubs and established infrastructure.
- The project aligns with the company's strategy to strengthen its presence in high-potential micro-markets across Bengaluru, offering ultra-luxury housing tailored for individuals seeking a refined lifestyle.
- This joint development in Balagere reflects Puravankara's capital-efficient growth approach, expecting to bring the project to market within 6-9 months to capitalize on steady sales and rental demand in the area.
- The company's recent acquisitions and joint ventures, including projects in Kanakapura Road and North Bengaluru, demonstrate its expansion plans, alongside diversification into residential and commercial developments, technology-driven construction, and interior design.
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Bloomberg Quint
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355
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Viceroy Research To Approach SEBI On Vedanta Report | Profit Exclusive
- Viceroy Research plans to approach SEBI regarding its report on Vedanta Group to seek accountability according to a statement made to NDTV Profit.
- The report by Viceroy Research accused Vedanta Group of deceptive financial practices, including raising debt through misleading means and damaging minority shareholders.
- Viceroy Research has shorted the debt stack of Vedanta Group companies and plans to submit its findings to SEBI for investigation.
- Vedanta Group has denied the allegations, calling the report a malicious combination of baseless claims. Vedanta Ltd shares fell 7% post the report but later recovered slightly.
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Bloomberg Quint
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522
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ICICI Prudential Q1 Business Update: Annualised Premium Equivalent Falls 5%
- ICICI Prudential Life reported a lackluster Q1 business update with a decline in Annualised Premium Equivalent (APE) growth by 5.2% in June compared to the previous year.
- Q1 APE growth for ICICI Prudential Life dropped by 5% year-on-year to Rs 1,864 crore. Retail APE growth also fell by 9.2% to Rs 1,512 crore.
- Despite the decline in APE growth, the company saw a 4.1% increase in new business premiums in June, amounting to Rs 1,573 crore. The first-quarter new business premiums grew by 6.5% year-on-year to Rs 4,012 crore.
- ICICI Prudential Life Insurance, a joint venture between ICICI Bank Ltd. and Prudential Corporation Holdings Ltd., provides life insurance and asset management services. After the update, its share price initially declined but later pared losses to trade 1.2% lower.
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HinduBusinessLine
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163
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Govt grants Section 54EC tax benefit to IREDA bonds
- IREDA-issued bonds qualify for tax exemption benefits under Section 54EC, allowing capital gains tax exemption on investments in specified bonds.
- Proceeds from these bonds will be used solely for renewable energy projects capable of debt servicing through project revenues.
- Investors can save tax on long-term capital gains up to ₹50 lakhs per financial year.
- This development benefits the renewable energy sector by providing lower cost of funds to IREDA, supporting rapid growth in the renewable energy industry.
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HinduBusinessLine
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2k
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Manipal to acquire Pune-based Sahyadri Hospitals for around ₹6,400 cr
- Manipal Hospitals is set to acquire Pune-based Sahyadri Hospitals for an estimated amount between ₹6,200-₹6,400 crore.
- The acquisition will add 11 hospitals to Manipal's network across Pune, Nashik, Ahilya Nagar, and Karad, increasing its total number of hospitals to 49.
- This move will expand Manipal's presence in western India and increase its total bed count to approximately 12,000, making it one of India's largest hospital networks.
- The deal was done through agreements with Ontario Teachers', with both parties expressing optimism about the growth opportunities and the potential to enhance healthcare services in the region.
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Moneyweb
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43
Trump family crypto venture preps vote with billions at stake
- A crypto token by Trump family may be listed on exchanges, stirring governance concerns.
- WLFI token could yield substantial gains, with Trump affiliates potentially holding billions.
- Early insiders predict token prices to soar, potentially making it a profitable venture.
- Trading on exchanges may pose risks for early holders, amidst growing Trump-affiliated crypto projects.
- Regulatory landscape remains uncertain, with SEC's permissive stance towards digital assets under Trump.
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HinduBusinessLine
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107
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India-US trade deal talks to continue post deadline, says top official
- India's trade deal negotiations with the US continue post deadline, with plans for the negotiating teams to meet soon.
- The US has postponed imposing reciprocal tariffs until August 1, allowing time for a potential interim deal to be reached.
- US President Trump has been sending tariff letters to countries without trade deals, including Brazil and potentially India, with tariffs set to be applied from August 1.
- India aims for preferential market access in sectors like textiles and leather, while emphasizing that trade deals should be in its national interest, according to Commerce Minister Piyush Goyal.
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HinduBusinessLine
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280
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Ukraine to launch Starlink mobile internet in 2026, becoming Europe's first, Kyivstar says
- Ukraine is set to launch Starlink mobile internet in 2026, becoming Europe's first country to do so.
- Field tests have begun under a deal with SpaceX, allowing the company to offer direct-to-cell services via satellites equipped with modems functioning like cellphone towers.
- The first phase involves messaging apps like WhatsApp and Signal, with mobile satellite broadband data and voice expected to be available by Q2 2026.
- Kyivstar, working towards a US listing, aims to support Ukraine's recovery efforts and establish new business ties, including collaborations with Italian firms amidst the Russian invasion.
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Cryptoticker
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138
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Bitget Partners with UNTOLD Festival, Where Web3 Takes the Main Stage
- Bitget partners with UNTOLD, a top music festival, to expand globally.
- The collaboration targets over 400,000 attendees at UNTOLD events in August.
- Bitget aims to bring Web3 to the forefront of music culture experiences.
- The partnership marks Bitget's move into music and youth culture.
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8 Likes
TheNewsCrypto
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155
MEXC DEX+ Super Fest Season 5 Launches With a 200,000 USDT Prize Pool
- MEXC, a global cryptocurrency trading leader, has launched Season 5 of the DEX+ Super Fest with a 200,000 USDT prize pool, distributed in USDT for ease of use.
- Season 5 features a four-tier reward system catering to new users, consecutive traders, referrals, and team competitions, with rewards totaling up to 100,000 USDT for team competitions.
- Participants can earn rewards such as 20 USDT for new user sign-ups, additional bonuses for consecutive trading days, referral rewards up to 500 USDT per user, and team competition rewards based on member recruitment and contributions.
- MEXC DEX+ Super Fest aims to provide a low-barrier, high-reward decentralized trading experience, empowering users worldwide to engage in DeFi innovation. The platform prioritizes simplicity, security, and innovation for both new and experienced traders.
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9 Likes
Bloomberg Quint
2w
427
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Religare Shares Extend Gains Ahead Of Board's Fundraise Decision
- Shares of Religare Enterprises Ltd. surged over 6% during trade after the company's announcement that the Board will consider approving a fundraise on July 11.
- The stock had notable gains the previous day, closing nearly 7% higher, with the trading window closed until after the quarterly financial results are declared.
- Religare Enterprises stock rose by 6.14% to Rs 249.6 apiece on the NSE, trading higher at Rs 246.5 apiece. The company witnessed a decline in the last six months but has shown a rise over the last three months.
- The total traded volume was significantly higher than the average, with the relative strength index at 68.9.
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Guardian
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60
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Royal Mail gets go ahead to axe second-class post on Saturdays
- Royal Mail has been authorized to cease Saturday deliveries of second-class letters as part of new regulations by Ofcom.
- The changes reflect the dwindling use of postal services, potentially saving Royal Mail £250m to £425m annually.
- First-class letters must still be delivered the next working day, while second-class letter prices will have a capped increase.
- Ofcom has adjusted delivery targets, with Royal Mail facing criticism from unions and other groups for its handling of postal services.
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Bloomberg Quint
2w
280
Image Credit: Bloomberg Quint
Vivo X200 FE Price In India, Specs, Features — What To Expect On July 14 Launch
- Vivo is set to launch the X200 FE in India on July 14, anticipated to be a rebranded version of the S30 Pro Mini with a refreshed design.
- The Vivo X200 FE is expected to start at Rs 54,999 for the 12GB RAM + 256GB storage variant and Rs 59,999 for the 12GB + 512GB model.
- The X200 FE will feature a 6.31-inch Amoled display, MediaTek Dimensity 9300+ chipset, triple-camera setup with Zeiss lenses, a massive 6,500mAh battery, and IP68/IP69 ratings.
- It will also come with a 120Hz adaptive refresh rate, 90W fast charging support, street photography mode, and be available in three colors: Amber Yellow, Frost Blue, and Luxe Grey.
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TechBullion
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99
Image Credit: TechBullion
The Best Massage Gaming Chair Every Hardcore Gamer Needs Right Now
- DXRACER Martian Pro Series is a high-tech gaming chair for hardcore gamers.
- It offers comfort, back support, and cool features like built-in airbags.
- The chair has adjustable electric backrest, 4D armrests, and unique cooling and heating features.
- It also includes massage functions, a rechargeable battery, and quality materials for durability.
- This chair provides total comfort and support for long gaming sessions and daily use.
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5 Likes
Crypto-News-Flash
2w
267
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Shiba Inu vs Dogecoin: Is FloppyPEPE the Next Meme Coin King?
- The meme coin market in July 2025 is experiencing a new wave of attention with a focus on utility-infused coins like FloppyPEPE.
- Dogecoin, known for its brand power, continues to attract traders but lacks innovation for long-term engagement.
- Shiba Inu has expanded its ecosystem with Shibarium and NFTs, but its complexity may deter new investors.
- FloppyPEPE stands out with functional tools like FloppyAI and Meme-o-matic, attracting attention with its hands-on creator engagement.
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