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Business News
Guardian
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Undocumented builders face unchecked exploitation amid Trump raids: ‘It’s more work, less pay’
- Undocumented workers in construction industry see exploitation increase amid Trump immigration crackdown.
- Some contractors cutting pay by up to 40% and taking advantage of workers' legal status.
- Advocates say undocumented workers face abuse and fear reporting due to immigration raids.
- Construction industry warns of severe labor shortage amid ramped up immigration enforcement.
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TheNewsCrypto
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Solana (SOL) Gains Strength on ETF Approval Optimism, But This Coin Could 20x Before SOL Doubles
- Solana (SOL) gains momentum after the approval of the U.S. REX‑Osprey Solana and Staking ETF.
- Analysts predict SOL could surge beyond $170 while Little Pepe (LILPEPE) eyes 20x returns.
- Little Pepe, a meme-native Layer‑2 blockchain, shows promising potential with real utility.
- Backed by experienced developers, Little Pepe's unique features and community engagement attract attention.
- Investors balancing between SOL and LILPEPE in anticipation of potential gains.
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HinduBusinessLine
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348
Image Credit: HinduBusinessLine
9 people killed as vehicles fall into river after bridge collapse in Vadodara
- A slab of the Gambhira bridge in Gujarat collapsed, leading to the death of nine people and rescuing nine others without critical injuries.
- The collapse caused five vehicles to fall into the Mahisagar river, including trucks, vans, and an autorickshaw.
- Three individuals on a two-wheeler that fell into the river managed to swim to safety.
- Chief Minister Bhupendra Patel ordered a probe into the bridge collapse, with rescue operations carried out by local teams, the NDRF, and private engineers specializing in bridge construction.
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HinduBusinessLine
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Rupee rises 6 paise to settle at 85.67 against US dollar
- The rupee strengthened by 6 paise to close at 85.65 against the US dollar amidst a firm dollar in overseas markets and crude oil prices near $70 per barrel.
- At the interbank foreign exchange, the rupee opened weak at 85.84 and traded between 85.93 and 85.65 before settling at 85.65.
- Trade deal negotiations, tariff delay extensions, and stabilizing factors around the 86.00 mark helped the rupee recover slightly during the day.
- Brent crude rose to $70.38 per barrel, while the dollar index climbed to 97.02. In the domestic market, the Sensex and Nifty dropped, with FIIs offloading equities worth Rs 26.12 crore.
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TechBullion
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244
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Move Over Pepe Coin (PEPE), Little Pepe (LILPEPE) Could Be the Next $10-Billion Market Cap Meme Coin
- Pepe Coin (PEPE) surged in meme coin world, nearing $9 billion market cap.
- Attention now shifts to Little Pepe (LILPEPE) as potential $10 billion successor.
- Little Pepe offers real utility, zero tax, bot-proof tech, and booming presale.
- $LILPEPE pioneers meme ecosystem with fair launchpad, low fees, and fast transactions.
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HinduBusinessLine
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344
Image Credit: HinduBusinessLine
Century Real Estate to double commercial portfolio to 50% in 5 years
- Century Real Estate plans to double its commercial portfolio to 50% in the next five years while launching over 10 residential and plotted development projects in FY26, focusing on Bengaluru's micro-markets.
- The company's upcoming projects are set to have a gross development value of over ₹9,000 crore, including various asset classes such as plotted communities, luxury residences, and senior living projects.
- In FY25, Century Real Estate achieved sales of ₹1,809 crore, with a significant portion from luxury developments. The company is exploring new models for diversification within integrated mixed-use developments.
- Century Real Estate is actively working on commercial projects, joint developments, and a large township in North Bengaluru, alongside considering expansion opportunities beyond Bengaluru, with plans for a plotted development project in Mysuru soon.
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Bloomberg Quint
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418
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'Buy' Mold-Tek Packaging Shares Maintains Nirmal Bang — Here's Why
- Mold-Tek Packaging is targeting 12-15% volume growth driven by FMCG and paints with support from pharma.
- The company is increasing the use of Recycled Content Plastic to align with industry mandates, especially in the paint and lube sector.
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Baystreet
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213
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Can the Oil Market Absorb OPEC+ Output Hikes?
- OPEC+ surprised with a bigger-than-expected output hike after last weekend's meeting.
- Market speculators are unsure about the actual increase due to compensation cuts.
- Strong summer demand is crucial to absorb extra barrels with potential autumn glut.
- Current oil prices in the $60s are likely to encourage buying, but analysts foresee oversupply.
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HinduBusinessLine
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21
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PLI scheme facilitates ₹7,343 cr investment in textiles
- The Production-Linked Incentive (PLI) scheme in the textiles industry has attracted ₹7,343 crore in investments to promote manufacturing in Manmade Fibre apparel, fabrics, and technical textiles for a period of five years, driving scale, competitiveness, and global integration.
- The Textiles Ministry expanded the list of eligible products under the scheme by adding additional HS Codes for Technical Textiles and approved early disbursement of ₹54 crore towards the initiative.
- The scheme has a total budgetary outlay of ₹10,683 crore covering FY26 to FY30 and has so far resulted in investments of ₹7,343 crore, turnover of ₹4,648 crore, and exports worth ₹538 crore.
- Beneficiaries of the PLI scheme emphasize that, beyond financial incentives, it facilitates technology transfer, innovation, and investments in automation, product development, capacity expansion, and employment generation in India's MMF and technical textiles sector.
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Bloomberg Quint
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295
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MSEI Plans Rs 1,000-Crore Fundraise, Attracts Key Market Players
- The Metropolitan Stock Exchange of India (MSEI) plans to raise Rs 1,000 crore by issuing 500 crore shares.
- The fundraise will include investments from various venture capital firms, brokers, Alternative Investment Funds, and family offices.
- Key investors expected to participate include Peak XV Partners, Monarch Networth, and others like Share India, Trust Investment Advisors, Jainam Broking, Marwadi Chandarana, KIFS, and Evolve Capital.
- MSEI is making efforts to enhance its operations and stay competitive, considering a venture into the cash market and collaborating with other leading exchanges.
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TechBullion
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300
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How Dryer Vent Cleaning Redondo Beach Transforms Your Laundry Routine
- Dryer vent cleaning in Redondo Beach can transform your laundry routine by cutting drying time, reducing energy bills, and minimizing fire risks.
- Warning signs of clogged dryer vents include longer drying cycles, overheating, and a musty smell.
- Clear vents lead to efficient airflow, saving time and money by cutting drying time significantly.
- Professional vent cleaning is recommended for a thorough job, reducing fire risk, and ensuring safety for your home and family.
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Coinpedia
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270
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Shiba Inu (SHIB) Was 2021’s Star, Experts Believe Remittix (RTX) Is Set To Be 2025’s Biggest Wealth Generator
- Shiba Inu (SHIB) had a successful run in 2021 but has faced challenges due to its meme-oriented branding and endless supply.
- Analysts are now eyeing Remittix (RTX) as the potential leading wealth generator for 2025, offering a new approach to digital payments with its PayFi wallet.
- Remittix's PayFi wallet aims to simplify global remittances, providing instant cashouts in local currencies without traditional banking hassles.
- Remittix (RTX) is designed to create recurring demand through network fees, reducing token supply each month, potentially leading to significant price growth by 2025.
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Bloomberg Quint
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237
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'Tsunami Of Unjust Taxes': Hospitality Industry Warns Of Collapse In Maharashtra
- The Indian Hotel and Restaurant Association (AHAR) warns of the collapse of Maharashtra's hospitality sector due to recent tax hikes, calling them a 'tsunami of unjust taxes.'
- Tax increases include a doubling of VAT on liquor, a 15% rise in license fees, and a 60% hike in excise duty, adding significant financial strain on the industry.
- The Maharashtra hospitality sector, with over 19,000 licensed bars and permit rooms employing about 4 lakh people, faces the risk of rising tax evasion, smuggling, reduced affordability for consumers, and economic downturn.
- AHAR urges the government to roll back the tax hikes and engage with industry stakeholders to prevent further damage to the sector and the state's economy.
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Moneyweb
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43
Temu launches local warehouse dispatch in SA
- E-commerce platform Temu launches local warehouse dispatch service in South Africa for faster deliveries.
- Temu's global strategy aims to reduce delivery times and expand product range by introducing local dispatch model.
- Temu's local warehouse dispatch service is now available in Africa after being successfully implemented in other regions.
- South Africa closes tax loophole benefiting e-commerce retailers like Temu and Shein, while Temu aims to improve service levels with decentralised fulfilment model.
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Bloomberg Quint
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344
Image Credit: Bloomberg Quint
Nifty Top Gainers, Losers On July 9: Shriram Finance, Coal India To HCLTech, Tata Steel
- Top gainers on NSE Nifty 50 included Shriram Finance, Bajaj Finance, and Coal India, while top losers were HCL Technologies, Tata Steel, and Hindalco Industries.
- Stocks like HCLTech and Tata Steel experienced significant declines, with HCLTech leading with a 1.98% drop.
- The Nifty closed below 25,500, ending a three-day gaining streak. Nifty Realty, Metal, and Oil and Gas sectors were the top losing sectors.
- The NSE Nifty 50 closed 0.18% down at 25,476.1, while the BSE Sensex closed 0.21% lower at 83,536.08.
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