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HinduBusinessLine
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418
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India’s advanced artillery gun ATAGS a ‘mission mode success’: Defence Ministry
- India's advanced artillery gun ATAGS, designed by ARDE in Pune, has been declared a 'mission mode success' by the Defence Ministry.
- The ATAGS has a maximum range of 48 km and the project, initiated in 2012, was completed in 12 years, encompassing design, manufacturing, testing, and induction.
- Contracts worth Rs 6,900 crore were signed for the procurement of 155mm/52 Calibre ATAGS and High Mobility Vehicle 6x6 Gun Towing Vehicles to enhance the Indian Army's artillery capabilities.
- The ATAGS will replace vintage guns, improve artillery capabilities, and strengthen Aatmanirbhar Bharat in defense. It features an all-electric drive for reliable performance across various terrains.
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HinduBusinessLine
2w
64
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Samsung’s new Watch 8 Models have built-in Google Gemini AI
- Samsung has introduced two new smartwatches, the Galaxy Watch 8 and the Galaxy Watch 8 Classic, which are among the first to feature Google's Wear OS 6 with Gemini AI chatbot.
- The Galaxy Watch 8 devices come with updated features like slimmer designs, longer battery life, brighter displays, and AI capabilities.
- The more expensive Galaxy Watch 8 Classic includes a stainless steel frame, a rotating bezel, and a new button with customizable functions.
- Samsung is also offering new foldable phones for preorder, with all new devices set to start shipping on July 25.
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Bloomberg Quint
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105
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Q1 Results Today: TCS, IREDA, Tata Elxsi Among 17 Companies To Announce Earnings On July 10
- The earnings season for the first quarter of the financial year 2025-26 will start with TCS releasing its results on July 10.
- 17 companies, including TCS and IREDA, are expected to announce their earnings for Q1FY26 on July 10.
- The Q1 results will provide insights into companies' financial health, growth prospects, debts, challenges, and sectoral trends.
- TCS reported modest revenue growth in the previous quarter, with consolidated net profit declining year-on-year.
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Bloomberg Quint
2w
143
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Bitcoin Breaks Above $112,000 For First Time As Traders Defy Trump Tariff Angst
- Bitcoin surged past $112,000 for the first time, setting a fresh record alongside a broad rally in risk assets.
- The rally is fueled by institutional demand, validating crypto bulls' beliefs in a new era of permissive regulation.
- The speculative momentum in markets persists despite tariff announcements by President Donald Trump.
- Bitcoin's rise is benefiting from strong ETF inflows, rising institutional adoption, and a favorable macro backdrop.
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Bloomberg Quint
2w
306
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Coal India's Slipping Market Share, Pricing Pressures Explain JPMorgan's 'Neutral' Stance
- JPMorgan maintains a 'neutral' rating on Coal India Ltd. citing no improvements in underlying fundamentals.
- Despite recent stock underperformance, monthly volume growth is expected to start in August with a 7.5% year-on-year growth projection.
- Coal India's market share has decreased to 75% in 2025 from 83% in 2021; JPMorgan forecasts 5% sales volume growth for the rest of the financial year.
- Pricing pressures, declining power consumption, and the trend towards renewables pose challenges for Coal India's future volume growth according to JPMorgan.
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Bloomberg Quint
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228
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Houthis Terrorise Sailors With Fresh Attacks On Ships In Red Sea
- Houthis attack ships in Red Sea, sinking commercial vessels and killing sailors.
- Attacks led to sinking of two ships - Eternity C and Magic Seas with casualties.
- Houthis target ships with ties to Israel, causing disruptions in global seaborne trade.
- Risk of travel in Red Sea highlighted, impacting maritime operations and freight costs.
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Bloomberg Quint
2w
289
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Nifty 50 To Hit 30,000 By April 2026? JPMorgan Gives 'Bull Case Scenario' On Earnings Boost
- JPMorgan expects the Nifty 50 to trade between 26,500 and 30,000 over the next six to nine months with a bull case scenario of hitting 30,000 by April 2026 based on an earnings recovery expectation.
- Investors are focusing on long-term growth despite facing geopolitical uncertainty and market volatility, with the Nifty 50 underperforming in the emerging market space so far in 2025.
- Motilal Oswal Financial Services has reduced Nifty 50 earnings per share for financial years 2026 and 2027 but expects a 14% full-year net profit growth compared to 4% in financial year 2025.
- Emkay Global Research anticipates a material recovery in the second half of 2026 for India Inc.'s earnings, particularly in the consumer discretionary space, maintaining a Nifty 50 target of 26,000 for March 2026.
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Bloomberg Quint
2w
211
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PFC, REC Get 'Overweight' Rating From Morgan Stanley As 12% CAGR In Loan Portfolio Expected
- Morgan Stanley has initiated coverage on Power Finance Corp. and Rural Electrification Corp. with an 'overweight' rating as it anticipates a 12% estimated loan CAGR between fiscal year 2025 to 2028.
- The brokerage firm highlighted that both PFC and REC are expected to achieve 17-19% average return on investment, with compelling risk-reward profiles.
- PFC and REC are projected to sustain low-to-mid-teens loan growth, supported by the current capex cycle in the energy sector, particularly in renewable energy, transmission, and distribution.
- According to Morgan Stanley, there is a potential upside of 21-23% in the stocks of PFC and REC over the next year, placing them in the top quartile of their coverage.
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HinduBusinessLine
2w
1.3k
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TCS Q1 results in focus as markets search for direction
- TCS is expected to post a 0.5% QoQ revenue decline in constant currency terms with flat EBIT margins due to talent investments and lower utilization.
- India's equity market direction heavily relies on active FPI participation, with sectoral reshuffling driven by tactical FPI investments.
- The automobile sector emerged as a top performer, attracting significant foreign inflows in June due to lower interest rates and rural demand revival.
- Foreign investors reallocated funds from power and capital goods sectors to higher-yield sectors like IT, oil & gas, and financials based on valuation drives.
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Bloomberg Quint
2w
1.4k
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Stock Recommendations Today: Bharat Dynamics, Axis Bank, Coal India, Prestige Estate On Brokerages' Radar
- Analysts recommend Bharat Dynamics, Axis Bank, Coal India, Prestige Estate among others.
- Brokerages' radar includes BDL, REC Ltd., Power Finance Corp., housing finance counters.
- Specific recommendations range from 'neutral' to 'outperform' and 'buy' with target prices.
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HinduBusinessLine
2w
292
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India needs to ensure supply chain resilience in fertilisers: Goyal
- India's Minister, Goyal, emphasizes the need for supply chain resilience in fertilizers following China's halt in specialty fertilizer shipments.
- Goyal calls for self-sufficiency to avoid supply disruptions and highlights the importance of ensuring resilience in fertilizer, insecticide, and pesticide supply chains.
- India's agriculture and fisheries exports have reached ₹4.5 lakh crore, with potential to grow to ₹20 lakh crore by strengthening food processing and branding.
- Goyal reassures that the government is committed to keeping fertilizer costs down through subsidies and discusses the importance of improving irrigation methods like drip irrigation.
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Bloomberg Quint
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310
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Breaking News Live: Shubhanshu Shukla, Axiom-4 Conclude 14-Day Mission; US Imposes 50% Tariff On Brazil
- Axiom-4 mission, involving Shubhanshu Shukla, concluded a 14-day mission at the International Space Station.
- The US has imposed a 50% tariff on Brazil, along with extending tariffs to other countries like Iraq and Libya.
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Bloomberg Quint
2w
6.5k
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Gold, Silver Prices Flat — Check Prices In Mumbai, Chennai, Other Cities
- Gold and silver prices remained flat with gold trading at Rs 96,790 per 10 gm.
- US President Donald Trump imposed new tariffs on seven countries, impacting the safe haven demand for gold.
- In major Indian cities, gold prices varied slightly with Chennai recording the highest price at Rs 96,890 per 10 gm.
- Silver prices saw a marginal rise to Rs 1,08,240 per kg on Thursday.
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Moneyweb
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103
Trump vs South Africa
- Trump's approach to global trade and multilateral institutions has caused tensions and repercussions.
- He aims to correct what he sees as past mistakes by imposing tariffs and distancing from institutions.
- His focus on 'winning' every trade conversation and achieving trade equilibrium creates complexities.
- South Africa faces a 30% tariff rate, highlighting challenges in navigating Trump's policies.
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Moneyweb
2w
418
Ekurhuleni metro and Nersa lock horns over electricity tariff discrepancy
- Residents in Ekurhuleni confused due to discrepancy in approved electricity tariffs by council and Nersa.
- Reselling electricity based on municipal tariffs, resellers left unsure which rates to apply.
- Ekurhuleni council admitted a mistake in tariffs, leading to overcharging; corrections made subsequently.
- Resellers facing challenges with new bulk resellers' tariff structure and struggling to remain viable.
- Potential disconnection of residential complexes if resellers fall behind on payments.
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