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HinduBusinessLine
1d
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India’s Telangana State looks to explore newer export markets for its rice
- Telangana State in India is exploring new export markets for its surplus rice stocks.
- The State has signed a memorandum of understanding with a Southeast Asian nation for the export of 10 lakh tonnes (1 million tonnes) of coarse rice annually.
- Coarse rice varieties such as MTU-1010 and IR-64, grown in Telangana, are in high demand in the Philippines.
- The Telangana Government aims to tap premium markets, such as the Philippines, to obtain better prices compared to the domestic market.
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Bloomberg Quint
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255
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‘Effective Immediately’ Jaggis Not Participating In Management, Says Gensol Engineering
- Gensol Engineering Ltd. has confirmed that the Jaggis are no longer participating in the management of the company as per SEBI's instructions.
- SEBI has issued an interim order against Gensol Engineering and its promoters, barring them from holding positions and from the securities markets.
- The company denies any undisclosed events and is committed to transparency and corporate governance.
- Gensol Engineering's stock closed 4.99% lower at Rs 123.65 apiece on the BSE.
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Guardian
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360
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Italian coffee pot maker Bialetti to be sold to Chinese business NUO Capital
- Italian coffee pot maker Bialetti has agreed to sell the business to Luxembourg-registered NUO Capital, a Chinese-owned investment vehicle.
- NUO Capital will acquire 78.6% of Bialetti's shares for €53m and plans to launch a tender for the remaining shares before delisting the company from Milan's stock exchange.
- The deal is subject to regulatory approval and potential scrutiny under 'golden powers' regulations.
- Bialetti has faced challenges in recent years due to poor investments, competition from capsule coffee makers, and the impact of the Covid-19 pandemic.
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Baystreet
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278
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USD / CAD - Canadian dollar consolidating ahead of BoC
- Analysts are divided as to a BoC rate hold or cut decision.
- Fed Chair Powell on tap this afternoon
- US opens mixed but trading with a negative bias.
- The Canadian dollar sank yesterday after weaker than expected Canadian inflation raised the odds for a rate cut of 25 bps to 2.50% at today’s meeting.
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HinduBusinessLine
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33
Image Credit: HinduBusinessLine
We really need a ‘cleanliness industry’
- The cleanliness industry in India is a crucial aspect that needs focus and development.
- While efforts like the Swachh Bharat Mission have addressed open defecation, overall cleanliness remains a significant challenge.
- Increasing investment in cleanliness can be seen as promoting a 'virtue good', akin to discouraging 'sin goods' like liquor.
- Investing in cleanliness not only benefits health and tourism but also directly impacts the economy by creating jobs in the cleanliness industry.
- The demand for cleanliness services leads to job creation and additional spending, maintaining output and employment levels.
- Although there may be temporary imbalances in demand and supply during the adjustment period, the cleanliness industry is relatively simple in India.
- This economic push for cleanliness does not rely on monetary stimulus, making it a non-inflationary policy.
- Expanding the cleanliness industry is feasible due to its widely acceptable cause, minimal additional charges/taxes, and manageable adjustment process.
- The focus on improving basic cleanliness can lead to higher growth in GDP and employment, presenting an opportunity for overall economic advancement.
- It is crucial to prioritize basic cleanliness and consider further expansion of industries with caution and adherence to specific criteria.
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Baystreet
1d
360
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Bank of Canada Holds Rates Steady As Economic Uncertainty Worsens
- The Bank of Canada has decided to keep its overnight interest rate unchanged at 2.75% as it evaluates the impact of U.S. import tariffs on the Canadian economy.
- The decision to maintain the current interest rates is influenced by the uncertainty caused by U.S. trade policies and the upcoming national elections in Canada.
- A decrease in Canada's inflation rate and the disruptive nature of the U.S. tariff campaign were also factors contributing to the decision.
- The central bank will closely monitor the effect of tariffs on Canadian exports before making future decisions on interest rates.
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Medium
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332
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AI Adventures: How to Embrace the Future Without Losing Your Mind
- AI adoption and its challenges were explored in this article.
- It is important to provide oversight and common sense when using AI tools, as demonstrated by a company's experience with a virtual assistant AI model.
- The quality of data used for training AI systems is crucial, as illustrated by a logistics company's experience with optimizing delivery routes.
- Garbage data leads to garbage results, so it is important to treat data with care and ensure its quality.
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Bloomberg Quint
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342
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Buy, Sell Or Hold: Alkem, TVS Motor, Clean Science, Nesco, PG Electroplast — Ask Profit
- Analysts shared insights on Alkem Laboratories, TVS Motor, Clean Science and Technology, Nesco, PG Electroplast (PGEL), Ion Exchange (India), and Ola Electric Mobility.
- Alkem Laboratories (CMP: Rs 4,956.5) is not suitable for long-term investment purposes. Investors should consider more liquid stocks.
- TVS Motor (CMP: Rs 2,617.5) has consistently outperformed the index. It is recommended to hold the stock with a stop loss below Rs 2,200.
- Clean Science and Technology (CMP: Rs 1,185.15) may be retained, but short-term rewards are unlikely in the chemical business challenges.
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HinduBusinessLine
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146
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With Gensol under the lenses of SEBI, BluSmart riders worry about loss of money in ride-hailing app wallet
- Gensol Engineering and its promoters come under SEBI's scrutiny.
- SEBI alleges misuse of over ₹200 crore sanctioned for EV procurement.
- BluSmart customers concerned about loss of money in company wallet.
- BluSmart may be winding down its ride-hailing business and partnering with Uber.
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The Verge
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135
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Figma tells AI startup to stop using the term ‘Dev Mode’
- Figma has sent a cease-and-desist warning to Loveable, a Swedish AI coding startup, for using the term 'Dev Mode' in its product features.
- Figma successfully trademarked the term 'Dev Mode' in November 2023 according to the US Patent and Trademark office.
- Figma asked Loveable to stop using 'Dev Mode' and protect their intellectual property since it has been extensively used in connection with Figma's software.
- Lovable's Dev Mode feature is different as it allows users to preview and edit their project code, unlike Figma's Dev Mode tool designed to convert design files into code.
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HinduBusinessLine
1d
255
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Gensol shares in lower circuit; co says to work to maintain operational stability
- Gensol shares closed at ₹123.65 on the BSE, falling from over ₹770-levels seen in January.
- SEBI issued a detailed order describing how Gensol founders diverted loans for personal use.
- Gensol had defaulted on loans from Indian Renewable Energy Development Agency and Power Finance Corporation.
- The company remains focused on maintaining operational stability and performance.
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HinduBusinessLine
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263
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Spices trade needs a push
- India, despite being the world's largest spice producer, has a small share in the global seasoning export market, mainly due to the lack of value chain integration.
- China and the US, though not major spice producers, capture a significant portion of the market by importing spices from India, processing them, and exporting high-value products.
- To reclaim its spice glory, India needs to focus on enhancing processing capabilities, ensuring quality consistency, strategic branding, and certification.
- India should shift focus to high-value spice derivatives, such as essential oils and extracts, customize pre-mixed seasonings to international tastes, invest in functional food ingredients, and establish itself in the health and wellness sector.
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HinduBusinessLine
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79
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Kairosoft disputes SEBI, BSE’s legislation for imposing GSM Stage 4 in Delhi HC
- Senior Advocate Kapil Sibal argues that restricting trading in Kairosoft's stock based on YouTube videos with low viewership is unfair.
- Kairosoft's promoters only hold a 5% stake, and the videos were taken down following a cyber complaint.
- The constitutionality of exchange circulars and territorial jurisdiction of the Delhi High Court are raised in the case.
- SEBI plans to explain the GSM mechanism in the next hearing, and the outcome could impact regulatory surveillance measures on stocks.
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Guardian
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143
Image Credit: Guardian
US trade restriction on Nvidia sends markets tumbling again
- US stocks fell after Donald Trump imposed new trade restrictions on Nvidia, causing a sell-off across the semiconductor industry.
- Nvidia's shares dropped about 6% as the company expects a $5.5bn hit due to the new license requirements.
- The trade restriction will also affect rival chip business Advanced Micro Devices (AMD), with their shares down 6.2%.
- The World Trade Organization warned that Trump's tariffs will reverse international trade and depress global economic growth.
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Bloomberg Quint
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218
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SJVN Pays Rs 121-Crore Interim Dividend To Himachal Pradesh Government
- SJVN Ltd. has paid an interim dividend of Rs 121.33 crore to the Himachal Pradesh government for the financial year 2024-25.
- For FY25, an interim dividend of Rs 451.93 crore has been declared by SJVN. Rs 248.55 crore has been paid to the Government of India and Rs 82.05 crore has been paid to public shareholders as interim dividend.
- SJVN is engaged in the implementation of 95 power projects across India and Nepal, spanning hydro, solar, wind, pumped storage, and thermal power generation.
- The company's installed capacity is 2,708.27 MW and it has ambitious growth targets of reaching 25,000 MW by 2030 and 50,000 MW by 2040.
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