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HinduBusinessLine
6h
309
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Defence exports clock record high of ₹23,622 crore in FY25
- Defence exports in FY25 reached a record high of ₹23,622 crore.
- A wide range of defense items were exported to around 80 countries.
- The private sector contributed ₹15,233 crore and DPSUs contributed ₹8,389 crore in defense exports.
- The government has implemented policy reforms to boost the Indian defense industry.
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Bloomberg Quint
6h
285
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Google Pixel 10 Pro Fold Design Revealed In New Renders Ahead Of Launch
- New renders of the Google Pixel 10 Pro Fold reveal a design similar to its predecessor.
- The device is expected to retain the 48-megapixel rear camera from the Pixel 9 Pro Fold.
- The Pixel 10 Pro Fold is set to launch in August alongside other Pixel 10 models.
- Google may lower the price of the Pixel 10 Pro Fold, creating strong competition in the premium foldable market.
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Baystreet
6h
292
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Compass Diversified Backs off Despite Blake Appointment
- Compass Diversified Holdings (NYSE: CODI) shares sank on Tuesday as the company announced the appointment of Matthew Blake as CEO of its subsidiary, Arnold Magnetic Technologies Corporation.
- Matthew Blake will join Arnold's Board of Directors and replace Dan Miller after a planned transition period ending April 30, 2025.
- Compass Diversified expressed gratitude to Dan Miller for his dedication in building Arnold into an industry leader and welcomed Matthew Blake to lead Arnold in its next phase of growth.
- CODI shares opened lower on Tuesday, decreasing 1.6% to $18.41.
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Baystreet
6h
288
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Goldman Sachs Again Lowers Year-End Target For S&P 500
- Goldman Sachs lowers its year-end target for the S&P 500 index to 5,700 points, down 8% from the previous estimate.
- The downgrade is attributed to a higher recession risk and tariff-related uncertainty.
- The new forecast implies that the S&P 500 will gain about 2% this year.
- Stocks in the U.S. continue to selloff due to fears of the impact of Trump's trade war on the global economy.
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Bloomberg Quint
6h
330
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Validity Of FCRA-Registered NGOs With Pending Renewal Applications Extended Till June 30
- The validity of Foreign Contribution Regulation Act (FCRA)-registered NGOs with pending renewal applications has been extended till June 30.
- The Ministry of Home Affairs has made this decision in the public interest.
- The extension is applicable to NGOs whose five-year license is expiring between April 1 and June 30.
- If an FCRA renewal application has been refused, the registration expires on the refusal date.
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Bloomberg Quint
6h
264
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Was Bomb Threat To 200-Year-Old Kolkata's Indian Museum An April Fool Prank?
- A bomb threat to Kolkata's Indian Museum, which is over 200 years old, turned out to be a hoax.
- Security personnel conducted a thorough search of the museum, but no suspicious objects were found.
- The museum authorities received an email threatening the presence of bombs, but the exact location was not specified.
- The museum, founded in 1814, is India's oldest and largest such facility.
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Bloomberg Quint
6h
3
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Kalpataru Projects International Gets Orders Worth Rs 621 Crore
- Kalpataru Projects International Ltd. has secured new orders worth Rs 621 crore in the domestic market.
- The orders have been bagged by its buildings & factories and the railway business in India.
- The orders will help strengthen the company's order book and improve market position in the B&F and railways business.
- With full year Fiscal 2025 order inflows in excess of Rs 25,000 crores, the company aims to deliver profitable growth.
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Baystreet
6h
285
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The Top Reasons Why Gold Will Soon Test $3500
- Gold is predicted to rally to $3,500 due to tariff fears, inflationary concerns, and central bank buying as per Bank of America.
- Analysts at Goldman Sachs also raised their gold price forecast to $3,300/toz, reflecting positive trends in ETF inflows and central bank demand.
- This optimistic outlook is expected to benefit gold stocks like Gold Hunter Resources Inc., Barrick Gold, Newmont, New Gold Inc., and SSR Mining Inc.
- China's central bank continues to increase its gold reserves, indicating strong global demand for the metal.
- Gold Hunter Resources Inc. provided an update on its Great Northern Project in Newfoundland, highlighting its high-grade exploration potential.
- The company's recent oversubscribed financing and marketing initiatives aim to accelerate growth in 2025.
- Gold Hunter plans an up-to 20,000-metre drilling campaign at the Great Northern Project to unlock further value.
- The company's strategic marketing efforts involve collaborations with various service providers to enhance investor relations and market awareness.
- Other developments include Barrick Gold's progress in key growth projects, Newmont's solid gold reserves, New Gold Inc.'s strong operational performance, and SSR Mining Inc.'s production guidance increase.
- Legal disclaimer: The article contains forward-looking statements and Winning Media has been compensated for advertising and marketing services for Gold Hunter Resources Inc.
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HinduBusinessLine
6h
198
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Making use of satellite data to safeguard water resources
- The space industry is experiencing a surge in startups leveraging space technology for Earth-centric applications, with over 250 startups in India alone.
- The integration of space technology with advancements like AI and machine learning enables storing and analyzing vast amounts of data for societal benefit.
- Space companies focus on using satellite data to improve life on Earth, including monitoring and safeguarding water resources.
- Satellite data plays a crucial role in monitoring and protecting freshwater ecosystems like rivers, lakes, and wetlands from depletion and contamination.
- Applications of satellite data in water management include water body mapping, water quality assessment, flood and drought monitoring, and land use analysis.
- The fusion of space data with IoT devices enhances real-time water management through monitoring water quality, consumption, leaks, and groundwater levels.
- Businesses play a key role in leveraging space data by providing innovative solutions for efficient water management and infrastructure monitoring.
- Startups act as Data-as-a-Service companies, assisting governments, farmers, water utilities, and NGOs in utilizing satellite data for various water-related applications.
- Satellite technology, combined with ICT, offers transformative solutions for safeguarding freshwater resources and addressing water scarcity and pollution.
- Collaboration between high-tech startups and various stakeholders can lead to actionable insights that benefit communities and promote sustainable water use.
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Bloomberg Quint
6h
257
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Sterling And Wilson Secures Rs 1,470-Crore Green Energy Projects In Rajasthan And Gujarat
- Sterling and Wilson Renewable Energy has secured three new green energy projects totaling Rs 1,470 crore.
- The projects include a wind-solar hybrid project in Rajasthan, a turnkey solar project in Gujarat, and a photovoltaic plant in Rajasthan.
- The stock of Sterling and Wilson Renewable Energy closed 6.33% higher on the NSE.
- The company has received positive ratings from analysts, with the average 12-month price target implying a potential upside of 68.9%.
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Bloomberg Quint
6h
160
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Law Does Not Prohibit Convenience Stores From Remaining Open 24 Hours, Bombay High Court Says
- The Bombay High Court has ruled that convenience stores can remain open 24 hours, as there is no restriction under the law for them to operate during any specific time.
- The court stated that 24x7 convenience stores offer benefits to both customers and the economy, enhancing convenience, flexibility, and increasing consumer spending.
- The Maharashtra Shops and Establishments Act imposes no embargo on convenience stores to operate 24/7, except for specific types of establishments such as hookah bars and liquor-serving restaurants.
- The court directed Pune Police not to force 'The New Shop,' operated by Accelerate Productx Ventures Pvt Ltd, to close after 11 p.m., as it is not against the law to keep convenience stores open round the clock.
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Bloomberg Quint
6h
281
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Runwal Enterprises Files For Rs 1,000-Crore IPO
- Real estate developer Runwal Enterprises Ltd. has filed preliminary papers with the Securities and Exchange Board of India for a Rs 1,000-crore IPO.
- The IPO will consist of a fresh issue of shares and the proceeds will be utilized for repayment of borrowings, investment in subsidiaries, funding acquisitions, and general corporate purposes.
- Runwal Enterprises is a leading real estate developer in Mumbai, operating across residential and commercial segments. It reported revenue of Rs 270.5 crore and a profit of Rs 25.5 crore for the period ended September 30, 2024.
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HinduBusinessLine
6h
236
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WhatsApp bans more than 9.7 million accounts in India during February
- WhatsApp banned more than 9.7 million accounts in India during February.
- The company has invested in AI, technology, data scientists, and processes to ensure user safety.
- To prevent accidental bans, users are advised to get permission before adding contacts to groups, respect contact preferences, and avoid sharing phone numbers without consent.
- WhatsApp uses machine learning and user reports to detect and ban accounts sending unwanted automated messages.
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Baystreet
6h
303
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Siemens To Invest $150 Million In Canadian Battery Plant
- German technology giant Siemens will invest $150 million in creating a battery production R&D facility in Canada.
- The facility will be located at Siemens' Canadian headquarters in Oakville, Ontario.
- Artificial intelligence (A.I.) will be used to optimize R&D work in developing A.I. manufacturing technologies for batteries.
- The investment is expected to improve battery production quality, workforce productivity, and battery recycling in Canada.
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Global Finance Magazine
6h
83
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Diverging Paths: Japan Embraces ESG As US Retreats
- Political opposition stalls US momentum in green investing, while Japan takes the lead with GX bonds and a long-term financing strategy.
- Japan emerges as a leader in climate transition finance, issuing Green Transformation (GX) bonds and supporting industries in hard-to-abate sectors.
- The US faces ESG backlash with legal challenges, political resistance, and restrictions on the use of ESG criteria in state-managed investments.
- Japan's ESG approach focuses on science-based targets and creating value for future generations, aligning with the European Union's ESG framework.
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