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HinduBusinessLine
21h
342
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US tariff structure gives India edge over China, Canada, Mexico: Niti Aayog
- India is expected to gain competitiveness over major competitors like China, Canada, and Mexico in the current US tariff regime, especially in sectors like pharmaceuticals, textiles, and electrical machinery.
- The strategic tariff advantage gives India an opportunity to expand market share in the US across various product categories, with only a slight disadvantage in some sectors where the average tariff difference is minimal.
- The evolving global trade environment necessitates adaptive policymaking to leverage new trade alignments and enhance India's competitiveness in both high-value sectors and labor-intensive industries.
- The analysis considers additional baseline tariffs imposed by the US on imports from most countries, while higher tariffs are applied to imports from Mexico, Canada, and China, with the situation subject to change based on evolving trade dynamics.
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Bloomberg Quint
21h
89
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FPIs Remain Net Sellers, Offload Equities Worth Over Rs 1,600 Crore
- Foreign portfolio investors (FPIs) in India remained net sellers, offloading equities worth over Rs 1,600 crore, with domestic institutional investors continuing as buyers for the sixth consecutive day, acquiring stocks worth Rs 1,821 crore.
- FPIs have sold shares amounting to Rs 656 crore in July and Rs 14,590 crore in the previous month, totaling Rs 78,557 crore in 2025 so far. In June, financial services stocks attracted the largest share of FPI inflows, accounting for 61% of the total FPI flows during the month.
- On Monday, India's benchmark equity indices experienced a fourth consecutive session of losses due to a decline in Asian shares and US index futures. Sectors like information technology, defence, and financials faced declines, with the NSE Nifty 50 closing 0.27% lower and the BSE Sensex ending 0.3% down.
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TechBullion
21h
309
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Which Crypto to Buy Today for Long-Term Gains? Analysts Point to Bitcoin Solaris Presale Before 150% Jump
- Bitcoin Solaris, a new cryptocurrency, is gaining attention in the crypto space for its unique features and potential long-term gains.
- The cryptocurrency's focus on real tech and practicality, such as mobile mining through the upcoming Solaris Nova App, has captured investor interest.
- Bitcoin Solaris is currently in Phase 11 of its presale, offering early buyers a 150% potential return with a confirmed launch price of $20.
- The project has garnered significant interest with over 14,150 users joining the presale, raising over $6.6 million, and receiving positive reviews from influencers and crypto media.
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Blackenterprise
21h
327
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Miya Bailey Fights To Reopen ‘City Of Ink’ After Being Shut Down For Code Violation
- City of Ink, a popular tattoo shop in Atlanta, faces closure due to a code violation threatening its future and cultural significance.
- The shop first opened in 2006, eventually evolving into a cultural staple known for art galleries and creative events, symbolizing Atlanta's Westside.
- A recent ordinance forbids tattoo shops from operating close to each other, leading to a stop-work order at City of Ink. Owners argue they should be exempt as they predate the law.
- Supporters fear the closure may erase Atlanta's cultural fabric and impact the community, as the shop also represents a Black-owned business in a city with a high percentage of Black entrepreneurship.
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Baystreet
21h
63
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Housing, Car Sales Due Next Week in Canada
- Next week in Canada, the economic calendar includes the release of data on Wholesale Trade, New Motor Vehicle Sales, Monthly Survey of Manufacturing, Housing Starts, and Consumer Price Index.
- Wholesale sales in Canada decreased by 2.3% to $84.0 billion in April, excluding certain products like petroleum and oilseed.
- In May, there were 195,659 new motor vehicles sold in Canada, showing an 11.3% increase from the previous year, with record sales in dollar terms.
- Other highlights include a decline in manufacturing sales, a flat trend in housing starts, and a 1.7% year-over-year increase in the Consumer Price Index in May.
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Bloomberg Quint
21h
354
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Trade Setup For July 15: Nifty Key Support At 25,000
- The NSE Nifty 50 closed 0.27% lower at 25,082.3, with key support seen at 25,000 according to analysts.
- Technical analysis indicates that if Nifty breaks below 24,900, it may halt the short-term uptrend; current decline is viewed as a buying opportunity.
- Market experts suggest that the 50-day SMA at 25,000 is a crucial support zone with potential for a bounce back to 25,250–25,300, but below 25,000, selling pressure may intensify.
- Bank Nifty also finds support levels between 56,000–55,500 and is expected to consolidate within the range 56,400–57,600 based on recent candlestick patterns.
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Baystreet
22h
81
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Piper Sandler Brings in New Blood
- Piper Sandler Companies announced the addition of Anson Tsai as a managing director to its technology investment banking team.
- Tsai brings with him ten years of experience from Bank of America Securities, focusing on front-office software coverage and transactions for software companies.
- Prior to investment banking, he worked in various front-office roles including management consulting, e-commerce marketing, and business development.
- PIP Piper Sandler shares rose by $2.42 to $304.20 following this announcement.
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HinduBusinessLine
22h
115
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Tesla’s entry set to boost to EV penetration in India
- Tesla is set to launch its cars in India with an expected price range of ₹25-35 lakh, signaling a boost in electric vehicle (EV) penetration in the country.
- The launch will happen at the Tesla Experience Centre in Mumbai's commercial district, indicating India's move from the sidelines of the global EV revolution to the forefront.
- Experts believe Tesla's entry will push other automakers to innovate faster, potentially changing the perception of EVs from niche to mainstream in India.
- With Tesla likely to sell only imported cars initially, along with plans to invest in charging infrastructure, it could help reduce range anxiety and influence government incentives for EV adoption in India.
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TheNewsCrypto
22h
160
Solana Price Prediction: AI Maps SOL’s Path to $1,200 By 2026, But This Under-$0.002 Crypto Will Touch $1 First
- AI models forecast Solana (SOL) could reach $1,200 by 2026 based on its strengths, while LILPEPE, a meme coin, aims to hit $1 first with a 714x potential return.
- Solana is recognized for its high transaction speed, low fees, and DeFi/NFT support, with projections placing its future value at varying levels, but the climb is expected to be gradual.
- LILPEPE, priced at $0.0014 in its presale, is backed by a strong tech foundation and aims for strategic price milestones, offering an immediate gain of 114.28% once it hits $0.0015.
- The FOMO around LILPEPE is growing due to a large giveaway campaign, while its real-world utility, zero-gas structure, and potential for staking rewards set it apart from typical meme coins.
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Bloomberg Quint
22h
320
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US Stock Markets Today: S&P 500, Nasdaq Edge Lower As Tariff Tensions Weigh On Wall Street
- US stock markets, including the S&P 500 and Nasdaq, edged lower today as tariff tensions weighed on Wall Street.
- President Trump's intensified tariff warnings against the European Union and Mexico led to a decline in the main Wall Street indices.
- Stocks like Boeing Co., Walmart Inc., and Honeywell International Inc. gained, while others like Apple Inc. and Nike Inc. dipped in early trading.
- The next few weeks will be crucial as countries respond to the new tariff deadline, impacting market sentiments and overshadowing solid expected earnings.
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Baystreet
22h
89
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USD / CAD - Canadian dollar in tariff jam
- Trump imposed a 35% tariff on Canada effective August 1, but Canadian dollar remained resilient viewing it as a leverage attempt in ongoing tariff talks.
- Canada's job report showed positive signs with 83,100 new jobs added in June, although most were part-time leading to expectations of another rate cut by the Bank of Canada.
- WTI oil prices rose to 69.65 due to tighter global supply conditions despite OPEC's announcement of increased production, reflecting strong demand.
- Tariff headlines by Trump on the EU and Mexico had limited impact on FX markets due to 'tariff fatigue', with equity markets mostly unaffected and S&P 500 futures down 0.32%.
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HinduBusinessLine
22h
246
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Country-wide IT raids on fraudulent claims for tax exemption to political parties
- Country-wide IT raids were conducted on fraudulent claims for tax exemption to political parties following an expose by businessline on abuse of registered unrecognised political parties (RUPPs) to launder electoral funding.
- Sleuths from 14 Directorates of Income Tax across the country raided 125 persons in about 200 locations to uncover fraudulent claims involving misdeclarations and exemptions under the Income Tax Act.
- The Central Board of Direct Taxes (CBDT) used data analytics and AI tools to process information about organised rackets, Chartered Accountants' involvement, and false filing of IT returns.
- Around six lakh taxpayers had claimed deductions for political donations over the last two years, leading to delisting of 354 ghost RUPPs by the Election Commission earlier this year.
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Baystreet
22h
67
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Amazon Prime Day Spurs $24 Billion In Online Spending
- Amazon's latest Prime Day event spurred $24.1 billion in online spending from July 8-11, marking a 30% increase from the 2020 sales event.
- Sales doubled compared to Black Friday last November, with about 52,000 households making orders averaging $53.34 during the event.
- Competitors like Walmart and Target also held sales events during Prime Day to capitalize on consumer spending, with more deals and research time available for shoppers.
- Amazon expects a 9.7% revenue increase from last July despite initially soft sales, with a significant sales acceleration in the last two days and popular categories being back-to-school items and electronics.
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Moneyweb
22h
253
Apple faces calls to reboot AI strategy with shares slumping
- Apple faces pressure to revamp AI strategy amid share slump and delayed features.
- Investors urge Apple to break tradition by acquiring established AI provider for talent.
- Recent talks suggest Apple may consider acquiring AI startup to enhance search engine.
- Analysts suggest bold moves like significant deals to bolster AI capabilities and culture change.
- Despite cash reserves, Apple lags behind peers in investing in AI technology.
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Baystreet
22h
63
Image Credit: Baystreet
How Might Stock Markets React to 30% Tariffs?
- U.S. President Trump proposed 30% tariffs on the European Union and Mexico, expressing frustration with failed negotiations on trade deals.
- Stock markets initially perceived the tariffs as a bluff on April 3 but are now reacting as the U.S. plans to implement them starting on August 1.
- Tech stocks like Nvidia (NVDA) boosted the market, with Nasdaq, S&P 500, Dow Jones, and small-cap sectors benefiting from the market capitalization increase.
- Markets appear complacent despite the tariff threat, but caution is advised due to the potential impact on global trade, with banks like Bank of America (BAC) and Citigroup (C) expected to underperform.
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