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Bloomberg Quint
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Dr. Reddy's Labs, Diffusion Engineers, LMW Wheels India Dividends — Last Day To Buy
- Traders are interested in Dr. Reddy's Laboratories, Diffusion Engineers Ltd., and LMW Wheels India Ltd. as they will turn ex-dividend on July 10.
- Buying these stocks on July 10 is the last day to be eligible for dividend payment under India's T+1 settlement system.
- Diffusion Engineers Ltd. and Wheels India Ltd. stocks were leading gains, while Dr. Reddy's Laboratories saw a decline in its stock price.
- Dr. Reddy's Laboratories stock declined by 1.20%, while Diffusion Engineers Ltd. and Wheels India Ltd. saw gains on the last day to buy for dividend eligibility.
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HinduBusinessLine
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After 25 years, Monika Kapoor extradited from US in jewellery scam
- Monika Kapoor, wanted in a jewellery scam case for 25 years, has been extradited from the USA to India.
- The extradition was cleared by the United States District Court for the Eastern District of New York under the India-USA bilateral extradition treaty.
- The secretary of state issued a surrender warrant after rejecting Kapoor's claims that she would face torture in India.
- Kapoor allegedly committed fraud with her two brothers by forging documents for their jewellery business, causing a loss of over USD 679,000 to the Indian exchequer.
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HinduBusinessLine
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Banking, postal, electricity services to be hit as trade unions go on nation-wide strike
- Around 25 crore workers are mobilized for a general strike protesting new labour codes and other issues across India.
- Services like banking, postal, electricity, copper and coal mining, and public transport will be impacted by the strike.
- Farmers' unions in Punjab, Haryana, and Rajasthan will also protest alongside the trade unions.
- The demands of the unions include abolishing the four labour codes, increasing minimum wages, and providing loan waivers for farmers.
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Livebitcoinnews
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Best Cryptocurrencies to Buy in 2025 Before the Market Skyrockets
- 2025 is seen as a pivotal year for cryptocurrencies due to growing institutional interest, clearer regulation, and expanding real-world adoption.
- Cryptocurrency investors are focusing on tokens with strong narratives, solid infrastructure, or early-stage potential as the next market cycle approaches.
- Key cryptocurrencies worth watching in 2025 include Ethereum (ETH), Solana (SOL), Chainlink (LINK), Render (RNDR), and Hexydog (HEXY) for their respective developments and use cases.
- Investors are advised to consider factors like utility, ecosystem strength, and innovation when looking at potential investments in the cryptocurrency space for 2025.
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Bloomberg Quint
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Q1 Results This Week: TCS, DMart, Tata Elxsi, Ireda Among 45 Companies To Declare Earnings
- Q1 FY26 earnings season has begun for Nifty companies with TCS, DMart, Tata Elxsi, Ireda, and others set to announce their financial results between July 9 and July 12.
- At least 45 companies are scheduled to release their first quarter results, offering insights into their financial health, future prospects, and challenges.
- Companies like TCS, DMart, and IREDA will hold Board Meetings this week to approve their quarterly results and are expected to conduct earnings conference calls to discuss the outcomes.
- Investors and analysts will closely monitor these earnings to understand the performance of the companies and the industry as a whole.
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HinduBusinessLine
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India’s short-term govt bonds may slip as RBI moves to withdraw more liquidity
- The yield on India's benchmark 10-year bond is expected to trade between 6.30-6.32 per cent following a move by the RBI leading to shorter tenor reverse repos, impacting treasury bills and up to five-year papers.
- RBI's plan for a two-day reverse repo worth ₹1 lakh crore comes after withdrawing a similar amount recently, with an average liquidity surplus standing at around ₹3.85 lakh crore this month.
- Governor Sanjay Malhotra previously mentioned maintaining a surplus at around 1 per cent of banks' deposits, with various rates, including the interbank call money rate remaining stable.
- India's short-term overnight index swap rates may see upward pressure post the central bank's recent move, contrasting with the long-end rates that are expected to stay mostly unchanged.
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HinduBusinessLine
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Apple appoints Indian-origin Sabih Khan as COO as Jeff Williams retires
- Apple's COO Jeff Williams to retire, to be succeeded by Sabih Khan.
- Williams to leave Apple this month, continuing to oversee design team.
- Khan, a 30-year Apple veteran, will take over as COO.
- Challenges like tariff costs and AI await Khan in his new role.
- Apple's leadership shuffle reflects changing dynamics within the company.
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Bloomberg Quint
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Bharat Electronics, L&T Get Nomura's 'Buy' As Defence Council Clears Rs 1.05 Lakh-Crore Indigenous Proposals
- The Defence Acquisition Council approved 10 capital acquisition proposals through indigenous sourcing, amounting to nearly Rs 1.05 lakh crore, on July 3.
- Nomura initiated coverage on Bharat Electronics and L&T with a 'buy' rating as the Defence Acquisition Council accorded Acceptance of Necessity for these projects.
- The approved projects include Surface-to-Air missiles, Electronic Warfare System, Mine Counter Measure Vessels, and more to enhance operational preparedness of the armed forces.
- The DAC's approval for Quick Reaction Surface to Air Missiles and revival of the MCMV program have positive implications for Indian defence manufacturers and shipyards.
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HinduBusinessLine
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Goldman hires former UK Prime Minister Sunak as an adviser
- Former UK Prime Minister Rishi Sunak has been hired by Goldman Sachs as an adviser to work globally with clients on macroeconomic and geopolitical topics.
- Sunak, who previously worked at Goldman and entered politics in 2015, faces restrictions from the UK's advisory committee on business appointments related to his new role.
- His wife, Akshata Murty, is a trustee of Claremont McKenna College and is estimated to have a fortune exceeding $700 million from her stake in Infosys.
- Wall Street firms like Goldman are increasingly hiring former politicians for geopolitical advice, with Sunak's hire following those of other former government officials.
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Moneyweb
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Club Med South Africa beach resort set for July 2026 opening
- Club Med is set to open its first all-inclusive beach and safari resort in South Africa in July 2026, making it one of the largest resort developments in the country's history.
- Bookings for the resort will open in October 2025, featuring over 400 rooms and suites overlooking the Indian Ocean, along with an immersive safari adventure at the nearby Mpilo Safari Lodge.
- The resort aims for a 4-star Green Star rating, focusing on environmental sustainability and local integration by preserving the biodiversity of the surrounding ecosystems and reducing its environmental impact.
- Club Med's CEO and President expressed enthusiasm for the project, highlighting the resort's celebration of South Africa's natural heritage and the value it aims to bring to local communities.
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Bloomberg Quint
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Asian Paints Gets Double Rating Upgrade From Jefferies — Check Target Price
- Asian Paints received a double rating upgrade and a target price increase from Jefferies, shifting from 'Underperform' to 'Buy'.
- Jefferies cited a normalisation in gross margin and a more gradual pick-up in growth for Birla Opus, leading to the upgrade.
- The target price for Asian Paints was raised to Rs 2,830, indicating a 16% return potential over the previous closing level.
- The stock was trading 1.2% higher on the NSE, with a positive outlook based on expected improvements in demand conditions and gross margins.
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Bloomberg Quint
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Ireda Q1 Results Announcement Soon — All You Need To Know
- Indian Renewable Energy Development Agency (IREDA) Ltd. is set to announce its financial results for the first quarter of FY26 on July 10, 2025.
- IREDA's Board of Directors will consider and approve the audited consolidated financial results for the quarter ended June 30, 2025, on Thursday, July 10.
- IREDA closed its trading window from July 1 until 48 hours after the approval of its financial results to prevent insider trading.
- In the fourth quarter of FY25, IREDA reported a 49% year-on-year rise in consolidated net profit and recorded a 37% increase in revenue from operations.
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Bloomberg Quint
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All About Sabih Khan: Apple’s New COO Of Indian Descent Who Will Replace Jeff Williams
- Sabih Khan, a business executive of Indian descent, has been appointed as the new COO of Apple, replacing Jeff Williams.
- Khan, who has been with Apple for 30 years, is currently the senior vice president of operations and will take on his new position later this month.
- Apple CEO Tim Cook commended Khan for his contributions to Apple's supply chain, manufacturing technologies, US production, and environmental sustainability efforts.
- Khan was born in Moradabad, Uttar Pradesh, and has a background in mechanical engineering and economics. He joined Apple's procurement team in 1995 after working at GE Plastics.
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HinduBusinessLine
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Trade Unions stage Bharat Bandh across country, say govt weakening labour rights
- Trade unions across the country staged a Bharat Bandh to protest against the government's reforms weakening labour rights.
- The Bandh impacted sectors like state-run public transport, government offices, banking services, and more, with heavy police deployment in some areas.
- The unions are demanding the scrapping of 2020 labour codes, criticising the government for neglecting workers' interests and implementing policies detrimental to them.
- The unions seek solutions to unemployment, job creation, and improvements in MNREGA, criticizing the government's focus on schemes benefiting employers over workers.
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Bloomberg Quint
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Trump Ups BRICS Tariff Ante As India Awaits Finalisation Of Mini Trade Deal
- US President Trump confirmed a 10% tariff on all BRICS nations, including India, citing them as a threat to the US dollar.
- India is still waiting for the finalization of a trade deal as Trump intensifies tariff measures, hinting at steep duties on key imports like pharmaceuticals and copper.
- India exported $360 million worth of copper products to the US in 2024-25, while the US is India's largest overseas pharmaceutical market.
- Trump implied the US will take action against several countries with tariffs, emphasizing non-traditional deal-making and claiming countries may offer market access for tariff waivers.
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