Business News Today: Read Latest Business News Live

A naukri.com initiative

New

Home

Business News

Bloomberg Quint

166

Image Credit: Bloomberg Quint

Vedanta Resources A 'Parasite' Says Viceroy Research — Read Full Report By Short Seller

Short seller Viceroy Research labeled Vedanta Resources Ltd. a 'parasite' holding company with a financially unsustainable and operationally compromised group structure.
Viceroy highlighted that Vedanta Resources systematically drains Vedanta Ltd. to service its own debt burden, resembling a Ponzi scheme and putting the entire group at risk of insolvency.
The short seller's report revealed significant discrepancies in the Vedanta group's operations, raising concerns of fraud and painting a grim financial outlook for the conglomerate.
Vedanta Resources shares plunged over 7% following the report, indicating market concerns over the company's financial sustainability and creditor risks.

Read Full Article

8 Likes

VentureBeat

193

Image Credit: VentureBeat

Hugging Face just launched a $299 robot that could disrupt the entire robotics industry

Hugging Face launches $299 Reachy Mini robot democratizing robotics development.
Robot combines AI with robotics, aiming to challenge industry's closed-source, high-cost model.
Emphasizes accessibility, packs advanced features like body rotation, multiple microphones, and cameras.

Read Full Article

11 Likes

Bloomberg Quint

Image Credit: Bloomberg Quint

Vedanta Share Price Tumbles Nearly 8% As Viceroy Research Goes Short On Parent Firm's Debts

Vedanta Ltd.'s share price dropped nearly 8% as Viceroy Research turned short on its parent company's debts, deeming it unsustainable with no significant operations of its own.
Viceroy Research criticized Vedanta Resource for extracting cash from Vedanta Ltd., referring to it as a 'dying host'.
The stock price declined to a two-month low of Rs 420.65 per share, later recovering slightly to Rs 438.50 apiece.
Despite the decline, analysts remain divided on Vedanta, with 11 out of 16 maintaining a 'buy' rating, while the average 12-month consensus price target suggests a 19.3% upside.

Read Full Article

1 Like

Coinpedia

416

Image Credit: Coinpedia

STANDARD IN GOLD GROUP Issues Blockchain-Based Certificates for Physical Gold

STANDARD IN GOLD GROUP creates blockchain-based certificates for physical gold ownership.
The platform enables transparent, secure ownership of LBMA-certified physical gold via blockchain technology.
Users receive digital coins as certificates, backed by real gold stored in high-security vaults.
The system provides divisible ownership, accountability, and eliminates fiat/crypto weaknesses.
The app simplifies gold ownership, offers community participation, and connects users with real-world assets.

Read Full Article

24 Likes

Discover more

HinduBusinessLine

244

Image Credit: HinduBusinessLine

Rupee slips as trade worries keep Asia FX on the defensive

The rupee was down about 0.2% against the U.S. dollar, standing at 85.8375 as of noon IST.
Asian currencies, including the offshore Chinese yuan, were down between 0.1% and 0.3%, with the dollar index slightly higher at 97.6.
President Trump plans to impose tariffs on imported copper, semiconductors, pharmaceuticals, and BRICS imports, with countries rushing to strike deals before the August 1 deadline for potential levies.
Market reaction to the tariff threats has been subdued as traders speculate that Trump's statements may be negotiation tactics, leading to mixed regional equity markets and a focus on Federal Reserve minutes for U.S. policy rate clues amid tariff-induced inflation uncertainty.

Read Full Article

14 Likes

HinduBusinessLine

235

Image Credit: HinduBusinessLine

Nuclear power plants commissioned after April 2022 can adopt constant or variable RoE

Nuclear power plants commissioned after April 2022 have the option to adopt a constant RoE of 15.5 per cent or a variable RoE.
Operating nuclear power plants, commissioned before April 2022, will have a fixed RoE of 15.5 per cent as per the tariff norms set by the Department of Atomic Energy.
The equity capital for determining the tariff of power stations is calculated as the total investment minus borrowed funds, and the equity cannot be reduced regardless of depreciation.
Debt-equity ratios for future projects will be decided by the government based on technology maturity and financing constraints, with a 70:30 ratio specified for pressurised heavy water reactors.

Read Full Article

14 Likes

TechBullion

389

Image Credit: TechBullion

Affiliate Marketing in Portugal – How to Choose the Right Programs and Analyze Competitors

Affiliate marketing in Portugal presents a lucrative opportunity due to the country's expanding digital ecosystem and engaged user base inclined towards online services and entertainment.
Localizing content and tailoring offers to Portuguese consumers in sectors like iGaming and fintech can lead to higher conversion rates and establish lasting partnerships for affiliates.
Comprehensive competitor analysis, including evaluating traffic sources, ad creatives, SEO tactics, and funnel structures, is crucial for success in affiliate marketing in Portugal.
Partnering with reliable affiliate programs like G.Partners that offer transparent reporting, dedicated managers, and scalable offers is essential for tracking accuracy and maximizing profitability.

Read Full Article

23 Likes

HinduBusinessLine

174

Image Credit: HinduBusinessLine

Guru Dutt@100: A restless artist in search of perfection and life’s melody

Guru Dutt, a talented filmmaker, actor, reflects turmoil through dark, personal films.
His movies, like 'Pyaasa' and 'Kaagaz Ke Phool', depict his obsession with perfection.
Marriage struggles, depression, and unfinished dreams characterize the tumultuous life of Guru Dutt.
Personal turmoil seeped into his works, leading to fatalistic narratives and despair themes.

Read Full Article

10 Likes

Guardian

419

Image Credit: Guardian

US copper price hits record high after Donald Trump threatens 50% tariff; more trade letters expected today – business live

US copper price hits record high after Donald Trump threatens a 50% tariff.
Trump is expected to send more letters to countries with new tariff rates or trade deals today.
The US president announced on his Truth Social site the release of trade-related information for multiple countries.
Tariffs are set to start being paid on August 1, 2025, per letters sent yesterday and more expected today and in the near future.

Read Full Article

25 Likes

HinduBusinessLine

443

Image Credit: HinduBusinessLine

What makes a good AI prompt? Here are 4 expert tips

As AI tools become more integrated into workflows, companies seek employees who can prompt effectively and use AI to enhance productivity.
Crafting better prompts is essential for maximizing AI interactions. Context, angle, task, and style (CATS) are crucial elements to include in prompts.
Context engineering, which involves managing surrounding information, is also vital for effective AI utilization.
Users should treat AI as a tool to trigger thinking, verify outputs for accuracy, and maintain a professional perspective while engaging with AI systems.

Read Full Article

16 Likes

Medium

210

Image Credit: Medium

What Are the Benefits of Super Grok? Complete Guide to Advanced AI Features

Super Grok is a game-changing AI chatbot solution offering advanced features that cater to both casual users and professional developers.
It excels in delivering natural, human-like conversations, surpassing basic chatbot responses, and adapting its communication style to match user preferences.
Super Grok's advanced thinking capabilities allow it to handle complex issues with remarkable accuracy, explain its reasoning process, and provide insights into problem-solving approaches.
The system outperforms standard options in terms of response times, accuracy rates, and reliability, making it suitable for various applications, including high-traffic scenarios and enterprise-level solutions.

Read Full Article

1 Like

Bloomberg Quint

490

Image Credit: Bloomberg Quint

Vedanta Resources Debt Shorted By Viceroy Research, Alleges Financial Mismanagement

Shortseller Viceroy Research has accused Vedanta Resources of unsustainable debt practices and financial mismanagement.
Viceroy Research alleges that Vedanta Resources, the parent company of Vedanta Ltd, relies on extracting cash from its subsidiary to meet its own obligations.
The report by Viceroy claimed Vedanta has increased leverage, weakened collateral value, and resembles a Ponzi scheme, leading to a sharp decline in Vedanta shares.
Viceroy listed concerns such as diverted capital, inflated asset values, questionable auditor choices, and criticized Vedanta's demerger plan.

Read Full Article

15 Likes

HinduBusinessLine

Image Credit: HinduBusinessLine

Bananas, mangoes and potatoes can be the drivers of agri-exports, says ICRIER Study

The ICRIER study emphasizes the importance of diversifying agri-exports from staple crops like rice and sugar to high-value fresh produce like bananas, mangoes, and potatoes to reach the government's export targets by 2030.
The Union Government aims to achieve $100 billion in agri-exports by 2030, with APEDA working to double its contribution to $50 billion. APEDA and ICRIER are focusing on bananas, mangoes, mango pulp, potatoes, and other key products in two phases to tap into new export opportunities.
While India is a major global producer of bananas, mangoes, and potatoes, its export share is relatively low. The report highlights the potential for growth in these sectors, especially in processed products like mango pulp and potato-based products.
Recommendations from the report include setting up integrated export hubs, improving logistics, establishing Standard Operating Procedures (SOPs) for different countries, utilizing technology like blockchain and AI for efficiency, and implementing best practices in harvesting and storage to boost agri-exports.

Read Full Article

Bloomberg Quint

Image Credit: Bloomberg Quint

Moto G96 Launched With Segment-Leading Display, Camera, Chipset — Check Full Specs, Price In India

Motorola has launched the Moto G96 in India with segment-leading features in display, camera, and chipset.
The Moto G96 features a Snapdragon 7s Gen 2 chipset, a 6.67-inch 3D curved pOLED display, and a dual rear camera setup including a 50MP main camera and 8MP ultrawide lens.
The phone offers 8GB RAM with 128GB or 256GB storage options and has a 32MP front-facing camera with various AI enhancements.
The Moto G96 is priced starting at Rs 17,999 for the 8GB + 128GB variant and will be available for sale starting July 16 on Flipkart.

Read Full Article

Moneyweb

367

Oil steadies as industry report points to gain in US stockpiles

Oil prices steadied as traders assessed increasing US crude stockpiles and the impact of President Trump's tariffs.
US inventories rose by 7.1 million barrels last week according to the American Petroleum Institute, potentially marking the largest increase since January.
Choppy oil prices in the US are curbing drilling activity, with the Energy Information Administration trimming its crude output growth estimate for this year.
The oil market may shift to a surplus post peak summer demand, driven by accelerated OPEC+ output hikes and concerns about tariffs dampening demand.

Read Full Article

22 Likes

For uninterrupted reading, download the app