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HinduBusinessLine
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NMDC’s Australian Lithium exploration draws a blank, looks forward to profits in FY26
- NMDC's Australian Lithium exploration in FY25 shows increased losses and cash depletion.
- Legacy Iron Ore reported profits in FY23, but faced losses during FY25.
- Initial lithium exploration at Mt Bevan did not yield viable deposits.
- Legacy plans to explore new lithium-rich areas based on current results.
- The company expects improved profitability in FY26 through operational viability at Mt Celia.
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TheNewsCrypto
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Ozak AI Could Flip Pocket-Sized Investments Into 1000x Returns by 2026
- Ozak AI is gaining traction as a decentralized artificial intelligence altcoin in 2025.
- With a presale price of $0.005, early investors anticipate exponential growth potential.
- The project integrates AI and blockchain to offer real utility in financial applications.
- Ozak AI's low entry price of $0.005 makes it an attractive investment with significant potential.
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HinduBusinessLine
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Wockhardt to exit its US generics business
- Wockhardt has filed for voluntary liquidation under Chapter 7 of the US Bankruptcy Code for its US step-down subsidiaries, Morton Grove Pharmaceuticals Inc. and Wockhardt USA LLC.
- The decision to exit the US generics business, effective July 11, aims to facilitate a clean exit from a legacy segment, freeing up management bandwidth and capital for other strategic areas.
- The company's future focus in the US will be on antibiotic drug discovery and its biologicals portfolio in insulin, where it has a strong pipeline, following a strategic review that revealed losses in the generics business.
- Wockhardt Chairman stated that exiting the US generics business was driven by commercial reasons, aiming to shift focus towards innovation, scientific excellence, and sustainable profitability, while maintaining commitment to operations in India, the UK, Ireland, and other geographies.
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Bloomberg Quint
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295
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Indian Super League 2025–26 Season Put 'On Hold' By Organisers
- The Indian Super League 2025-26 season has been put 'on hold' due to uncertainty surrounding the renewal of the Master Rights Agreement between the event organizers and the All India Football Federation.
- The current Master Rights Agreement between Football Sports Development Limited (FSDL) and the AIFF is set to expire on December 8, 2025, creating uncertainty for the upcoming season.
- FSDL mentioned that without clarity on the contractual framework post-December, they are unable to effectively plan, organize, or commercialize the 2025-26 ISL season, leading to the decision to put it on hold.
- The ISL organizers assured that the decision was not taken lightly and the season will remain on hold until further clarity emerges on the contractual structure beyond the current MRA term.
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Bloomberg Quint
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1.1k
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Uber Shuttle, Cityflo To Shut In Mumbai? Transport Minister Orders Crackdown, Say Reports
- Maharashtra Transport Minister Pratap Sarnaik has ordered a crackdown on aggregator bus services, including Uber Shuttle and Cityflo, in Mumbai for operating without the necessary license.
- Strict actions will be taken against senior RTO officials who failed to address the issue of unauthorized bike taxis and aggregator buses operating illegally in the city.
- Sarnaik mentioned that a policy for bus aggregators could be devised for the benefit of commuters, but illegal operations of these app-based buses must cease.
- Cityflo reportedly stated that they have applied for a license and are cooperating with the state government for compliance, indicating their willingness to work with authorities for offering bus services.
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HinduBusinessLine
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8
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Bihar unveils policy to boost clean energy economy with State GST exemption, incentives for EV charging stations
- Bihar has unveiled a policy aimed at boosting the clean energy economy by promoting stakeholder engagement in renewable energy projects and integrating advanced technologies.
- The Bihar Renewable Energy Policy, 2025 targets supporting 23.97 GW of renewable energy and 6.1 GWH of energy storage by FY30, offering incentives like State GST exemption and concessional rates for setting up EV charging stations.
- The policy provides incentives such as electricity duty waivers, long-term open access, exemption from certain charges, transmission infrastructure support by state utilities, and more to attract investors and developers.
- Additionally, the policy ensures minimum generation compensation, payment security mechanisms, and a dedicated budget for R&D initiatives to further boost renewable energy development in Bihar.
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Guardian
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109
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Louis Vuitton says UK customer data stolen in cyber-attack
- Louis Vuitton's UK customer data has been stolen in a cyber-attack, making it the latest victim of hackers.
- An unauthorized party accessed the UK operation's systems and obtained names, contact details, and purchase history, but no financial data was compromised.
- Louis Vuitton notified customers of the breach, warning of potential phishing, fraud, or unauthorized use of information.
- Recent arrests were made in connection with cyber-attacks on Marks & Spencer, the Co-op, and Harrods, highlighting the increasing threat of cybercrime to retailers.
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HinduBusinessLine
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261
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Tesla showroom to open in Mumbai on Tuesday
- Tesla will be opening a showroom in Mumbai on July 15 at the Bandra Kurla Complex, as per media invitations.
- The company has imported four vehicles to display in the showroom and plans to sell imported cars in the country.
- Tesla's entry into the Indian market coincides with the increasing penetration of electric vehicles in the country.
- Union Minister Piyush Goyal has welcomed Tesla's entry into India along with other global companies looking to invest in and manufacture in the country.
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Baystreet
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422
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Intel Slumps on Spinout Company RealSense
- Intel is spinning out its artificial intelligence robotics and biometric venture into a new company called RealSense, with a $50-million Series A funding round backing the initiative.
- RealSense aims to develop new product lines for robotics automation and meet the increasing global demand, with Nadav Orbach leading as CEO.
- Companies like Tesla and Amazon are heavily investing in the robotics space, foreseeing a lucrative $5 trillion market for humanoid robots by 2050, as per Morgan Stanley.
- Intel's move follows significant cost-cutting measures after a challenging year, with its shares declining by 2.4% to $23.26.
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Bloomberg Quint
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126
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NCC Bags Rs 2,269-Crore Contract For Mumbai Metro Line 6 Development
- NCC Ltd. secured a Rs 2,269-crore contract for the development of Mumbai Metro Line 6, involving various infrastructural requirements.
- Construction for the project is expected to span over 24 months, with additional maintenance periods.
- NCC will be responsible for designing, manufacturing, supplying, and installing platform screen doors, signaling systems, train control, telecommunication systems, and rolling stock integration.
- Stock performance of NCC has seen a slight decrease, but analyst ratings remain positive with a potential upside in the stock.
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HinduBusinessLine
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138
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Reviving Sri Lanka’s maritime edge
- The Colombo Dockyard PLC (CDPLC) in Sri Lanka initiated a search for a strategic investor to purchase a 51% share of Japanese company Onomichi amidst various challenges.
- Finding a strategic investor proved difficult due to governance instability, capital injection requirements, cash flow issues, and geopolitical factors surrounding Sri Lanka's maritime assets.
- Despite challenges, Mazagon Dock Ltd (MDL) of India emerged as the preferred strategic investor for CDPLC, signing definitive agreements to acquire a controlling stake for up to $52.96 million.
- The partnership between MDL and CDPLC is expected to enhance CDPLC's credibility, boost export potential, and improve Sri Lanka's sovereign credit rating, underscoring the importance of Sri Lanka-India collaboration in the region's economic landscape.
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Baystreet
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359
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Potential AI-Driven and Quantum Attacks Skyrocket—These Future-Ready Platforms Aim to Stop Them
- Computing power advancements lead to increased data threat risks globally.
- Scope Technologies Corp. introduces Quantum Security Entropy platform for robust data protection.
- New leadership appointments aim to enhance quantum-resilient encryption technology and market outreach.
- Partnerships like the one with Microsoft strengthen Scope's position in quantum-ready security.
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Baystreet
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363
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BTCT Completes $1-Million Strategic Ethereum Reserve
- BTC Digital Ltd. has established a strategic reserve of $1 million in Ethereum to deepen its exposure to Ethereum's on-chain financial infrastructure.
- The company aims to position itself for long-term growth in the emerging digital asset era by investing in Ethereum.
- Ethereum is crucial in the stablecoin market and decentralized finance, prompting BTCT to secure an initial $1 million ETH reserve.
- BTCT's strategic move strengthens its technological edge, enhances market confidence, and optimizes capital deployment.
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HinduBusinessLine
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278
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Classrooms get capital as PEs open their wallets for education sector
- Private equity (PE) investments are increasingly shaping the education sector, particularly in K-12 segments, with a growing focus on for-profit service companies that support schools.
- Despite regulatory constraints in India, such as the not-for-profit requirement for school affiliations, PE firms are investing in platforms that offer services like curriculum, teacher training, technology, and infrastructure to schools.
- Investments in education have seen a significant uptick post-2010, with a notable increase in K-12 transactions in the last five years, signaling a shift towards service-led models and investor comfort in the sector.
- While exits are limited for investors at the moment, there is growing interest in strategic sales and consolidation within the education sector, with a focus on achieving meaningful scale and leveraging technology for transformative impacts.
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Baystreet
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354
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U.S. Stocks Plummet As Trump Unveils 35% Tariff On Canada
- U.S. stocks plummet after President Trump announces a 35% tariff on most imports from Canada starting August 1.
- Dow Jones Industrial Average is down 305 points, while S&P 500 and Nasdaq indices drop 0.6% on news of Canadian tariffs.
- Trump cites fentanyl as a reason for the new duties and warns of higher tariffs if Canada retaliates.
- Despite the tariff threats, the Toronto Stock Exchange is up 0.41% and has risen 9% in 2025, surpassing the S&P 500 index.
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