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Bloomberg Quint
1d
570
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Sumitomo Mitsui Said To Eye $1.1 Billion Additional Investment In Yes Bank
- Sumitomo Mitsui Financial Group Inc. is considering a $1.1 billion additional investment in Yes Bank, aiming to acquire about 5% of the bank's shares from Carlyle Group Inc. and other minority shareholders.
- The potential investment may also involve purchasing around $680 million in convertible bonds issued by Yes Bank to support its growth, bringing the total investment to $2.7 billion and giving SMFG a roughly 25% stake in Yes Bank.
- No final decisions have been made yet, and discussions are ongoing. Yes Bank has shown positive performance, with its shares gaining about 2.1% this year, valuing the bank at around $7.3 billion.
- Sumitomo Mitsui has been active in sealing deals in India, with previous investments in the country. Yes Bank's recovery from financial troubles in 2020 has attracted interest from global investors like SMFG.
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Moneyweb
1d
222
Tesla goes to trial over fatal autopilot crash in Florida
- Tesla is facing trial over a fatal 2019 crash in Florida involving its Autopilot system.
- The company claims the crash was due to driver error, not Autopilot technology failure.
- The lawsuit seeks compensation for medical expenses and wrongful death, alleging Tesla's negligence.
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Livebitcoinnews
1d
86
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Avalanche Stays Active in the Layer-1 Race, But Lightchain AI’s Launch Could Shift the Narrative
- Avalanche remains active in the Layer-1 blockchain race, showcasing strong development momentum and community support.
- Lightchain AI is set to launch in July 2025, offering transparency, scalability, and community governance in the decentralized innovation landscape.
- Avalanche's advancements, such as the release of Avalanche Network 3.0 and partnerships with FIFA and the California DMV, solidify its position in the blockchain space.
- Lightchain AI's upcoming launch is gaining early traction with features like robust tokenomics, developer tools, and zero-knowledge machine learning, positioning it as a revolutionary decentralized AI platform.
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5 Likes
TechBullion
1d
155
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The Transformative Impact of AI on the Accounting Profession
- The accounting profession has been undergoing significant transformation with the adoption of AI-driven workflows.
- AI enables firms to provide faster, more accurate, and strategic services, making it imperative for firms to adopt AI.
- Firms are urged to invest in data governance, partner with technology vendors, and implement AI through pilot programs.
- AI adoption by firms, like nexco els, has led to improved service delivery, regulatory compliance, and enhanced job satisfaction for staff.
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2 Likes
HinduBusinessLine
1d
349
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Bank of Maharashtra Q1 profit rises 23% to ₹1,593 cr
- Bank of Maharashtra reported a 23% increase in Q1 profit to ₹1,593 crore compared to ₹1,293 crore in the previous year.
- Total income for the quarter rose to ₹7,879 crore from ₹6,769 crore in the same period last year.
- The bank's asset quality improved with gross NPA at 1.74% and net NPA at 0.18% in June quarter FY26.
- Capital adequacy ratio of Bank of Maharashtra increased to 20.06% in the first quarter of FY26.
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HinduBusinessLine
1d
286
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Sensex, Nifty 50 recover; Auto stocks lead gains, HCL Tech, Tejas Networks, Rallis, Tata Tech react to Q1 show
- Sensex and Nifty 50 saw gains, with Sensex up 0.49% and Nifty 50 up 0.52%.
- Smallcap outperformed midcap index, while all sectoral indices showed positive sentiment.
- HCL Tech shares declined 4% due to Q1 profit drop; Tejas Networks, Rallis, Tata Tech reacted to Q1 performance.
- Several stocks hit 52-week highs and lows, with some experiencing significant price movements.
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HinduBusinessLine
1d
264
Image Credit: HinduBusinessLine
KCA gears up to link cricket with tourism to boost Kerala’s economy
- KCA is collaborating with Kerala's tourism department to merge cricket with tourism, aiming to boost the local economy.
- Entertainment programs and special travel packages will be integrated into the cricket season to attract more visitors.
- Match schedules will be strategically planned to coincide with peak tourism months, with efforts to expand KCL matches to other districts.
- The project aims to create a holistic experience for fans, establish Kerala as a cricket destination, and enhance the state's global sports tourism presence.
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HinduBusinessLine
1d
26
Image Credit: HinduBusinessLine
Tesla India entry with ₹60 lakh Model Y to test Musk’s brand pull
- Tesla has opened a showroom in Mumbai's financial district with its Model Y on display, priced at around ₹60 lakh for the base model.
- The higher pricing in India is attributed to the country's high import tariffs on cars.
- Tesla's entry into India comes amidst challenges in its core markets like China and the US, where its sales have dropped.
- While Tesla aims to gauge demand for EVs in India, it currently has no plans to set up a manufacturing plant in the country.
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Moneyweb
1d
351
BOE’s Bailey urges ‘global cooperation and engagement’ at G20
- Bank of England Governor Andrew Bailey emphasized the need for 'global cooperation and engagement' at a G20 meeting that was missing US Treasury Secretary Scott Bessent.
- Bailey highlighted economic and geopolitical tensions, high global debt vulnerabilities, and growth uncertainty.
- He outlined priorities as chair of the Financial Stability Board, focusing on nonbank financial institutions, private finance, and stablecoins.
- Bailey also mentioned plans for implementing policies for NBFIs, assessing risks related to private credit, and monitoring the evolution of stablecoins to address global financial system risks.
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21 Likes
Bloomberg Quint
1d
181
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Planning To Buy A New iPhone? Here's When You’ll Find Best Deals
- Apple is gearing up to launch its latest iPhone 17 series in September with heavy discounts on existing models before the launch.
- Potential buyers may find better deals on iPhones after the iPhone 17 launch in mid-September, as prices of older models are likely to fall further.
- Buying an iPhone during the September to December period is recommended for getting the best deals, considering timing and model specifications.
- Waiting till the iPhone 17 launch could result in significant discounts on preferred color and storage options, offering better value for buyers.
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10 Likes
Moneyweb
1d
30
Nvidia to resume H20 AI chip sales to China in US reversal
- Nvidia plans to resume sales of its H20 AI chip to China after receiving assurances from US officials for export licenses.
- The decision marks a reversal from previous restrictions imposed by the Trump administration and follows improved US-China relations.
- The move is seen as a win for Nvidia's co-founder Jensen Huang and is positive for the company, Chinese tech firms, and US-China relations.
- Nvidia's announcement led to a surge in Nasdaq futures and positive reactions in Hong Kong and Chinese stock markets.
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1 Like
TheNewsCrypto
1d
79
Avalanche Shows Strength in Scaling, Yet Lightchain AI’s Upcoming Launch Draws New Interest
- Avalanche demonstrates strength in scaling and performance, securing a top position among blockchain platforms.
- Lightchain AI's upcoming launch in July 2025 garners interest in the decentralized technology community with its focus on innovation and transparency.
- Avalanche's multi-chain model and unique consensus mechanism contribute to its competitive edge in scalability and efficiency.
- Lightchain AI aims to revolutionize decentralized AI with its Proof of Intelligence consensus, offering presale opportunities and promising blockchain-powered AI development.
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4 Likes
Bloomberg Quint
1d
325
Image Credit: Bloomberg Quint
Buy, Sell, Or Hold? Brijesh Ail Recommends Ceat, Pradeep Phosphate, And Ashok Leyland
- Brijesh Ail, Head of Technical and Derivatives at Retail Research IDBI Cap, recommends buying Ceat Ltd., Pradeep Phosphate Ltd., and Ashok Leyland Ltd. with specific target prices and stop-loss levels for each.
- Ceat Ltd., a leading Indian tire manufacturer, is advised to be bought with a target price of Rs 4,050 and a stop-loss at Rs 3,850.
- For Pradeep Phosphate Ltd., the recommendation is to buy with a target of Rs 178 and a stop-loss at Rs 166. The company is involved in the production and marketing of fertilizers and industrial chemicals.
- Ashok Leyland Ltd. is suggested to be bought with a target price of Rs 260 and a stop-loss at Rs 249. Ashok Leyland is one of India's largest commercial vehicle manufacturers, known for its trucks, buses, and defense vehicles.
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19 Likes
HinduBusinessLine
1d
303
Image Credit: HinduBusinessLine
HCL Tech shares decline 4% on Q1 profit decline, brokerages split
- HCL Tech's shares declined by 4% following a decrease in Q1 profits, with brokerages having mixed opinions on the company's future prospects.
- Motilal Oswal maintained a buy rating for HCL Tech with a target price of ₹2,000, highlighting the company's status as the fastest-growing large-cap IT services firm with a diverse portfolio.
- CLSA continued to rate HCL Tech as outperform with a target price of ₹1,867, while Citi maintained a neutral stance with a reduced target price of ₹1,650 per share.
- Several brokerages like Axis Securities, InCred Equities, Nuvama Institutional Equities, and Elara Capital provided varying ratings and target prices for HCL Tech based on factors like margin performance, revenue guidance, and market position relative to competitors.
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18 Likes
Bloomberg Quint
1d
223
Image Credit: Bloomberg Quint
Tesla Unveils First India Store In Mumbai's BKC, Deliveries To Start From Q3
- Tesla has made its debut in India by opening its first showroom in Mumbai's upscale financial district of Bandra Kurla Complex.
- The electric vehicle maker has introduced its top-selling SUV, the Model Y, priced at Rs 61 lakh in Mumbai, with deliveries set to start from the third quarter.
- Tesla will provide a free wall connector as a limited-time offer with every purchase of a new vehicle in India and will also launch its Supercharger and wall connector in the country.
- In India, Tesla is expected to compete with German luxury carmakers like BMW and Mercedes-Benz, rather than mass-market players.
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