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Bloomberg Quint
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AI 171 Crash: No Pilot Error, Focus Should Be On Engine Shutdown, Says Captain CS Randhawa | Profit Exclusive
- Captain CS Randhawa states that no pilot error was involved in the Air India AI-171 crash and highlights the need to focus on the fuel cut-off that caused the engine shutdown.
- The preliminary report by AAIB indicated that both fuel control switches on the Boeing 787 Dreamliner were moved from 'RUN' to 'CUTOFF' in quick succession, resulting in a fatal dual-engine flameout.
- Captain Randhawa points out that manual intervention is necessary to move the guarded and spring-loaded fuel control switches, dismissing the possibility of accidental movement during the flight.
- He suggests a potential electrical power interruption affecting the Full Authority Digital Engine Control (FADEC) as a cause, ruling out deliberate pilot action and emphasizing the rigorous training provided to Air India pilots.
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HinduBusinessLine
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How are expressway networks revolutionising agri-logistics in India
- The construction of expressways in India has revolutionized agri-logistics by significantly reducing travel time for perishable agricultural products, addressing the problem of post-harvest losses.
- Expressways like the Delhi-Mumbai Expressway, Delhi-Amritsar-Katra Expressway, and Bangalore-Chennai Expressway are under construction to improve logistical efficiency, leading to better prices for farmers and fresher products for consumers.
- The expressways reduce transportation expenses by promoting faster vehicle flow, improving fuel efficiency, reducing vehicle wear and tear, and optimizing delivery schedules, benefiting small and marginal farmers in India.
- Expressways drive the development of essential agri-logistics infrastructure like Multi-Modal Logistics Parks, agri-processing centers, and cold chain systems, reducing post-harvest losses, increasing agricultural exports, and enhancing India's position in the global agricultural market.
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HinduBusinessLine
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India’s agri renaissance: Harmonising subsidies, sustainability and technological innovation with commitment to the soil
- India has made advancements in agricultural subsidies through initiatives like PMKSY and Soil Health Cards to support farmers.
- India aims to balance technological innovation with a spiritual connection to the land to ensure sustainable agricultural growth.
- Initiatives like PKVY and ZBNF promote organic farming practices and water conservation to honor the earth.
- India's approach to agriculture integrates modern science with age-old stewardship practices to ensure soil health and climate resilience.
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Bloomberg Quint
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Ola Electric Q1 Results Next Week — All You Need To Know
- Ola Electric Mobility Ltd. will announce its Q1 financial results for the quarter ended June 30, 2025, next week on Monday.
- The Board of Directors will meet on July 14 to approve the unaudited standalone and consolidated financial results, with the trading window for dealing in company's securities closed until 48 hours after the results declaration.
- An earnings conference call is scheduled on July 14, 2025, where company executives will discuss the financial performance and address questions from analysts and investors.
- In Q4FY25, Ola Electric reported a widened net loss of Rs 870 crore and a revenue decline. The stock price history shows a decline over various time frames, hitting a 52-week high and low.
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HinduBusinessLine
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Sovereign wealth funds, pension funds to get 5 more years to invest for IT exemptions
- Sovereign wealth funds and pension funds will now have an extended deadline of March 31, 2030 to invest in India and receive income tax exemptions.
- The exemption applies to funds such as MIC Redwood 1 RSC Limited Abu Dhabi, Dagenham Investment Pte. Ltd, AIMCo India Infrastructure Limited, Canada Pension Plan Investment Board, Caisse de dépôt et placement du Québec, Bricklayers Investment Pte. Ltd, Norfund, and others.
- The mechanism introduced in 2020 aims to encourage investments in India's infrastructure sector, with specific conditions for the funds to avail of the exemption, including no engagement in commercial activities beyond the investment.
- The amendments by the Finance Act 2024 reclassify capital gains from unlisted debt securities as short-term gains, affecting the taxation of SWFs and PFs. Finance Act 2025 ensures that long-term capital gains from investments in India remain tax-exempt under clause (23FE) of section 10 until March 31, 2030.
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Bloomberg Quint
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Trump’s 50% Copper Import Tariff Said To Cover Refined Metal
- US President Donald Trump's proposed 50% copper tariffs are anticipated to cover refined copper, aiming to boost American production of the essential material.
- Including refined copper in the tariff list, which is a significant import category for the US, is expected to have broad implications due to its crucial role in various sectors such as electric grids, construction, automaking, and consumer electronics.
- The tariff measures have not been finalized yet and require an official announcement from Trump, as stated by a White House official after the recent announcement lacked detailed information.
- Industry representatives have engaged with the White House, suggesting a focus on restricting exports of ore and scrap metal instead of imposing tariffs on imports, in line with concerns from leading metals companies.
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Coinpedia
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Can I Sell My BlockDAG? Bitcoin Solaris Offers Liquid Alternative with Confirmed LBank Exchange Listing
- Some investors are waiting for opportunities to sell their BlockDAG tokens due to uncertain listing timelines and lack of liquidity.
- Bitcoin Solaris (BTC-S) is gaining momentum with visible liquidity and a confirmed listing on LBank, providing investors with immediate value.
- While BlockDAG offers a promising architecture, delays in implementation are overshadowing its potential, leading to frustrations among holders.
- Bitcoin Solaris highlights features like dual-consensus model, high TPS, interoperability, and sustainable tokenomics, attracting investors and offering a contrasting approach to projects like BlockDAG.
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TheNewsCrypto
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Canada FinFra Astra Fintech Invests $10M in Dexlab To Accelerate Solana‘s Asia Expansion and PayFi Adoption
- Canada-based Astra Fintech invests $10M in Dexlab to accelerate Solana's Asia expansion and PayFi adoption.
- Dexlab, the pioneering Solana-native token launching platform, was acquired by Astra Fintech using funds from their $100 million Solana ecosystem fund.
- Acquisition aims to leverage Dexlab's proven track record, full token lifecycle solutions, and synergy for Asia-first initiatives to bolster blockchain adoption.
- Integration with Astra Fintech brings resources, talent infusion, token rebranding, and enterprise-level upgrades to Dexlab, positioning it as the foundation for Solana's future growth.
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Bloomberg Quint
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Indian Residential Real Estate: Riding The Premiumisation Wave
- Demand for premium and luxury housing in the Indian residential real estate sector is expected to continue growing moderately, driven by sustained economic growth and increasing income levels.
- Residential property sales have shown significant growth, with demand increasing at a compound annual rate of 14%, supported by rising capital values and a higher share of premium and luxury properties in sales.
- Developers in India are focusing more on the premium and luxury segments, with the share of these properties in total launches expected to increase from 37% in 2024 to 38-40% in 2025 and 2026, while affordable and mid-segments are likely to see a decline in share.
- The real estate industry has seen strong equity inflows, contributing to developers deleveraging their balance sheets, leading to improved sector stability. The trend of demand growth for premium and luxury housing is anticipated to continue, albeit at a moderate pace.
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Bloomberg Quint
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EPF Vs NPS: Best Investment Option To Build Your Retirement Corpus In FY26
- Deciding on the right investment scheme for your retirement should consider factors like risk appetite, investment horizon, and the desired corpus size.
- Two government-backed schemes popular for retirement planning are the Provident Fund (PF) and the National Pension System (NPS), each offering unique advantages.
- EPF (Employees Provident Fund) guarantees returns, tax benefits, and security, while NPS (National Pension System) offers market-linked gains, tax benefits, and flexibility in contributions.
- NPS may be preferable for building a larger retirement corpus with higher contributions and flexibility, while EPF suits those seeking secure returns and tax benefits. Evaluating financial needs and risk appetite is crucial before choosing between the two.
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Zycrypto
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KAI Network – The Mainnet That Changes Everything
- The AI economy faces a $400 billion issue with value distribution.
- KAI Network aims to bridge the monetization gap for AI creators.
- It transforms passive users into stakeholders through automated value distribution.
- KAI Network's infrastructure empowers fair compensation for AI innovations, promoting collaboration.
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Bloomberg Quint
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9.3k
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Q1 Results Next Week: HDFC Bank, RIL, HCLTech, ITC Hotels, Wipro Among 120+ Companies To Announce Earnings
- As many as 127 companies are set to announce their first quarter financial results next week, covering various sectors like finance, infrastructure, real estate, and hospitality.
- Investors and analysts will closely monitor the earnings of companies including HDB Financial Services, Ola Electric, HDFC Bank, Axis Bank, ICICI Bank, Tata Group firms, and Reliance Industries Ltd.
- Reliance Industries Ltd. is scheduled to declare its Q1 financial results on July 18, with companies like Wipro, HCLTech, and ITC Hotels also in the list of announcements from July 14-19.
- The upcoming wave of earnings announcements will provide insights into growth prospects, challenges, and trends within different industries, with HDB Financial Services holding its first quarterly results post IPO debut on July 2.
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Bloomberg Quint
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293
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Jane Street India Ban Threatens 900% Rally For Asia’s Oldest Stock Exchange
- Asia’s oldest stock exchange faces challenges after Jane Street ban in India.
- The BSE shares plunged amid fears of stricter regulations and competition from NSE.
- The fallout impacted BSE's revenue and earnings, signaling a potential shift in trading dynamics.
- Despite setbacks, BSE has historically adapted and innovated since its 1875 inception.
- Investors like Siddharth Balachandran remain optimistic about BSE as a proxy for India's growth.
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Bloomberg Quint
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595
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Google Is Said To Pay $2.4 Billion For Windsurf Assets, Talent
- Alphabet Inc.’s Google acquires Windsurf for about $2.4 billion, hiring top talent and licensing rights.
- Windsurf's deal with OpenAI fell through due to tension with Microsoft over intellectual property access.
- Google hires Windsurf CEO and co-founder to work at its DeepMind AI unit.
- Big tech companies are engaging in talent and technology acquisitions from AI startups to enhance their offerings.
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HinduBusinessLine
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Image Credit: HinduBusinessLine
Commemorative coins on birth centenary of Prof Swaminathan, 10 years of Make-In-India to be released
- Commemorative coins are set to be released on the birth centenary of Prof. Swaminathan and to commemorate 10 years of Make-In-India.
- The coins are not for general circulation and can be obtained from specific agencies, featuring the Ashoka Pillar on one side and unique designs related to Swaminathan and Make-In-India on the other.
- Prof. M.S. Swaminathan, recognized as the Father of India’s Green Revolution, contributed significantly to enhancing agricultural productivity and promoting sustainable agricultural practices to address climate change.
- The Make in India initiative, launched in 2014, aimed to boost local manufacturing and invite international investment, symbolizing a shift in the government's approach toward governance and partnerships.
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