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Bworldonline
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WB considering co-financing PHL farm-insurance project
- The World Bank is evaluating a Philippine climate-change mitigation insurance project for small farmers, which it could co-finance for up to $358 million.
- The project will involve a blended finance credit facility and the establishment of the country's first agricultural co-insurance pool to enable large-scale private-sector agricultural insurance.
- The implementing agency for the project in the Philippines will be the Department of Agriculture, with the Department of Finance acting as the borrower.
- The project aims to address the financing gap for agricultural micro, small, and medium-sized enterprises and improve insurance coverage for agriculture in the Philippines.
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Bworldonline
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PHL to host EITI conference next year
- The Philippines will host the Extractive Industries Transparency Initiative (EITI) Global Conference in June next year, as announced by the Department of Finance.
- Finance Secretary and PH-EITI Chairman Ralph G. Recto highlighted that the country's hosting of the conference demonstrates its commitment to upholding EITI's principles and promoting good governance in extractive industries.
- EITI is a global standard that promotes transparency in managing oil, gas, and mineral resources, with member countries committing to full transparency across the extractive value chain.
- The conference will gather delegates from governments, industry, civil society, and academia to discuss strategic priorities including anti-corruption efforts, domestic resource mobilization, responsible resource governance policies, data use, transparency innovations, and challenges in the extractives sector.
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HinduBusinessLine
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SAEL to set up ₹8,200 cr integrated solar manufacturing facility in UP
- SAEL is set to establish an ₹8,200 crore integrated solar manufacturing facility in Uttar Pradesh under YEIDA.
- The project, to begin construction this year, will include a 5 GW solar cell manufacturing unit and a 5 GW solar module manufacturing line.
- Upon completion, SAEL's total solar manufacturing capacity will reach 8.5 GW, with a focus on TOPCon solar cells.
- The initiative aligns with UP's renewable energy targets and India's clean energy goals, supporting domestic supply chains and reducing reliance on solar equipment imports.
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Moneyweb
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FNB joins Visa as official sponsor of 2026 FIFA World Cup
- FNB partners with Visa as official sponsors for the 2026 FIFA World Cup set to take place across Canada, Mexico, and the United States next year.
- A joint campaign titled "It starts here" has been launched by FNB and Visa, offering South African customers a chance to win an all-expenses-paid trip to the FIFA World Cup™ along with exclusive merchandise.
- FNB aims to make a lasting difference through this partnership, providing a unique World Cup experience to South Africans and taking three winners to the tournament.
- Visa, the official payments partner, plans to offer seamless tech-enabled experiences for customers both on and off the field during the tournament to ignite passion and unity globally.
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HinduBusinessLine
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Over 2 lakh cashless discharges completed via Raksha Prime: Medi Assist
- Raksha Prime facilitated over 27,000 patients to complete hospital discharges at least 4 hours earlier than traditional methods in June 2025.
- The platform streamlines processes such as document preparation, claim scanning, and real-time processing, leading to quick patient discharge post medical clearance.
- Raksha Prime achieved a customer satisfaction rating of 4.75 out of 5, indicating strong acceptance from patients and partners by reducing discharge wait times significantly.
- The service complies with IRDAI regulations set in May 2024, ensuring cashless authorisation within one hour of admission and final claim settlement within three hours of discharge requests.
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Bloomberg Quint
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Credit Card Comparison: Key Factors First Timers Should Check To Pick The Best One
- Credit cards have become an essential part of daily financial transactions due to their benefits like cashback offers and reward points.
- For first-time credit card users, understanding their spending habits, comparing annual fees, interest rates, rewards, and credit limits are crucial factors.
- Choosing a credit card tailored to one's spending patterns and needs can lead to saving more money and building a good credit score.
- The article emphasizes the importance of researching and comparing different credit card features online before making a decision.
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Bloomberg Quint
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DGCA Orders Boeing Aircraft Operators To Inspect Fuel Control Switch Locking Mechanisms By July 21
- The Directorate General of Civil Aviation has ordered operators of Boeing aircraft in India to inspect their fuel control switch locking mechanisms by July 21 to ensure continued airworthiness and safety of operations.
- The inspection was prompted by recent checks following the crash of an Air India plane on June 12.
- The DGCA's directive came after reports of fuel switch lock checks on Boeing 787 aircraft were already underway.
- This is a developing story, and more updates are expected.
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Bloomberg Quint
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Brigade Enterprises To Raise Rs 1,500 Crore Through NCDs
- Brigade Enterprises' board of directors approved the issuance of non-convertible debentures worth up to Rs 1,500 crore.
- The real estate developer will raise the funds through private placement, subject to regulatory approvals.
- Brigade Enterprises recently expanded into the Chennai market with a project on land acquired for Rs 441.7 crore.
- Shares of Brigade Enterprises closed 2.06% higher on the National Stock Exchange before the announcement.
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Bloomberg Quint
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HCLTech Declares Dividend Of Rs 12 — Check Record Date
- HCL Technologies declared a dividend of Rs 12 per equity share for the first quarter of fiscal year 2025-26, totaling nearly Rs 3,256 crore to shareholders.
- The record date for dividend payment is set as July 18, with the interim dividend scheduled to be paid on July 28, according to an exchange filing.
- HCLTech's profit for April-June fell 11% sequentially, amounting to Rs 3,843 crore, missing analysts' estimates of Rs 4,258.91 crore.
- The stock settled 1.51% lower before the announcement, with analysts giving varied recommendations on HCLTech shares based on Bloomberg data.
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HinduBusinessLine
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India's new copper cathode rule risks supply shortages, trade body says
- India imposed quality controls on copper cathode imports in December, leading to a decline in imports, as claimed by the Bombay Metal Exchange (BME) but rejected by the government.
- The quality control rules require all suppliers to ensure checks on substandard products and obtain a license from the Bureau of Indian Standards.
- Trade bodies, including BME and the Bombay Non-Ferrous Metals Association, challenged the quality controls in court, citing concerns about supply shortages and a potential monopoly.
- The Indian government defended the quality control order, with Japanese suppliers dominating the market and concerns raised about compliance burdens and potential withdrawal by Japanese licensees.
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Bloomberg Quint
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864
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HCLTech Q1 Results: Profit Misses Estimates, FY26 Revenue Guidance Narrowed, Margin Guidance Lowered
- HCLTech reported Q1 profit at Rs 3,843 crore, down 11% QoQ, leading to a miss in analysts’ expectations.
- The company narrowed its FY26 constant currency revenue guidance to 3–5% and reduced its EBIT margin forecast to 17–18%.
- Deal wins dropped to $1.8 billion, hiring slowed down with a net addition of 269 employees, and the company announced a dividend payout of Rs 12 per equity share.
- Shares of HCLTech closed 1.51% lower before the announcement, with analysts maintaining varying ratings, and the stock showing a 3.41% rise over the past 12 months.
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TechBullion
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Master Options Trading with Accurate Signals: A Game-Changer for Investors
- Options trading can be complex and overwhelming for beginners, but accurate trading signals can simplify decision-making and improve success rates.
- Options are financial contracts that give the right (but not obligation) to buy or sell an asset at a specific price within a certain timeframe.
- Accurate signals in options trading are trade suggestions based on price action, volume patterns, technical indicators, and market sentiment, providing guidance on what to buy/sell, when to enter a trade, and more.
- Beginners can benefit from using signals to speed up learning, improve risk control, and gain more confidence in their trading decisions, although it's important to understand basic risk management as well.
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Bworldonline
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4
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Philippines seeks P11.1 million from China over Thitu Island coral damage
- The Philippines is seeking P11.1 million in compensation from China for damaging coral reefs near Thitu Island in the South China Sea.
- A Chinese vessel anchored near Thitu Island, causing damage to about 465 square meters of coral reef within Philippine waters.
- Thitu Island, part of the resource-rich Spratly Islands, is administered by the Philippines and is the largest Philippine-occupied island in Spratlys with a civilian settlement.
- The reef damage near Thitu Island highlights ongoing tensions in the South China Sea, where China's claims overlap with those of other countries, despite a 2016 UN-backed tribunal ruling against China's claims.
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HinduBusinessLine
5d
127
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Reliance Consumer Products launches Campa in Nepal through Chaudhary Group partnership
- Reliance Consumer Products (RCPL) has launched the heritage brand Campa in Nepal through a partnership with Chaudhary Group, following its reintroduction in India after acquisition in 2022.
- The initial product range in Nepal includes Campa Cola, Campa Lemon, Campa Orange, Campa Energy Gold Boost, and Campa Energy Berry Kick, priced between NRs. 30 and NRs. 40.
- Ketan Mody, Executive Director of RCPL, highlighted Campa's multi-generational relevance and affordability, targeting the youth demographic with innovative offerings.
- Nirvana Chaudhary, Managing Director of Chaudhary Group, emphasized the strategic significance of the partnership in expanding their beverage range leveraging Chaudhary Group's extensive distribution network and manufacturing capabilities.
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Bworldonline
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258
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Newly appointed DoE chief takes oath
- Sharon S. Garin, the newly appointed secretary of the Department of Energy (DoE), took her oath before President Ferdinand R. Marcos, Jr., on Monday.
- President Marcos mentioned that Garin's experience in lawmaking and shaping energy policy will help in achieving the goal of providing reliable, affordable, and clean energy to Filipino families under the Bagong Pilipinas initiative.
- Garin had been serving as officer-in-charge (OIC) of the DoE since May 2025, replacing Raphael M. Lotilla, who became the secretary of the Department of Environment and Natural Resources.
- Before her OIC role, Garin was a DoE undersecretary from 2022, and a lawmaker representing the AAMBIS-Owa Partylist from 2010 to 2022, with experience as a deputy speaker and chair of the House Committee on Economic Affairs during her tenure.
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