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Bloomberg Quint
4d
560
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TCS, Tata Elxsi, IREDA Q1 Results Today— Earnings Estimates
- Tata Consultancy Services Ltd., Tata Elxsi Ltd., and Indian Renewable Energy Development Agency Ltd. are among the top companies starting the earnings season for the first quarter on July 10.
- TCS is estimated to have a net profit of Rs 12,251 crore and revenue of Rs 64,628 crore for the quarter ending June.
- Tata Elxsi is expected to report a net profit of Rs 170 crore and revenue of Rs 914 crore for the first quarter.
- Analysts are closely monitoring parameters like discretionary spending, deal wins, vertical performance, and employee costs in the upcoming earnings reports.
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Bloomberg Quint
4d
24
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International Travel Credit Cards: Essential Features Users Should Not Ignore
- Choosing the right international travel credit card with features like zero foreign transaction fees, airport lounge access, and travel insurance can help travelers save money during vacations.
- Essential features of international travel credit cards include zero foreign transaction fees, global acceptance, airport lounge access, travel insurance coverage, reward points, air miles, emergency card replacement, and contactless chip security for fraud protection.
- Credit cards with zero foreign transaction fees help save on international purchases. Cards with airport lounge access offer comfort during layovers. Travel insurance coverage can save from unexpected expenses. Reward points and air miles can be redeemed for discounts or freebies.
- International travel credit cards are essential companions abroad, providing convenience and improving the overall travel experience with their benefits.
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Bloomberg Quint
4d
254
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Asian Stocks Waver, Traders Eye Japan Bond Auction: Markets Wrap
- Asian shares mixed as Bitcoin nears record high, tech gains push US stocks up.
- Japanese government bonds steady ahead of auction, Brazilian assets plunge on Trump tariffs.
- Investors focus on stock rally despite tariff concerns impacting global economy and earnings.
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Bloomberg Quint
4d
48
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Oil Prices Steady As Traders Weigh Rising US Stockpiles, Trump’s Levies
- Oil prices remained stable as traders assessed the impact of increased US crude stockpiles and new tariff rates set by President Donald Trump.
- US crude inventories rose by about 7.1 million barrels last week, marking the largest build since January.
- Global markets are responding to Trump's tariff actions, with concerns about retaliation from targeted nations affecting oil prices.
- Despite OPEC+ deciding to increase output more than expected, oil prices are slightly up this week, with worries about a surplus later in the year as peak demand weakens.
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Bloomberg Quint
4d
217
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Petrol, Diesel Prices Flat On July 10 — Here's How Much You Pay For Fuel In Your City
- Fuel prices remained unchanged on July 10, holding steady in most Indian metros.
- In Delhi, petrol is priced at Rs 94.77 per litre, and diesel costs Rs 87.67.
- Oil marketing companies like Indian Oil Corp. review and adjust petrol and diesel prices daily based on global crude oil prices and currency exchange rates.
- Crude oil prices have shown stability with Brent at $69.95 a barrel and West Texas Intermediate near $68.08.
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Bloomberg Quint
4d
375
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Trump Says 50% Tariff On Copper Imports To Take Effect Aug. 1
- President Donald Trump announced a 50% tariff on copper imports to take effect on Aug. 1, impacting industries relying on the metal like automobiles and appliances.
- The tariff is part of Trump's efforts to boost domestic mining and metal processing, following previous tariffs on steel and aluminum imports.
- Global producers have hurried to deliver copper ahead of the tariff implementation, with traders sending record volumes of the metal to the US since February.
- Country-by-country tariffs with major trade partners are also being finalized by the White House, scheduled to come into effect on Aug. 1.
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Bloomberg Quint
4d
302
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India's Advanced Artillery Gun System Exemplary Mission Mode Success: Defence Ministry
- The Defence Ministry has announced the success of India's Advanced Towed Artillery Gun Systems (ATAGS), designed to replace vintage and smaller calibre guns, enhancing the artillery capabilities of the Indian Army.
- The ATAGS, developed by the Armament Research and Development Establishment (ARDE), has a maximum range of 48 kilometers and was completed from design to manufacturing, testing, and induction within 12 years.
- Contracts were signed with Bharat Forge Limited and Tata Advanced System Limited for the procurement of 155mm/52 Calibre ATAGS and High Mobility Vehicle 6x6 Gun Towing Vehicles at a total cost of approximately Rs 6,900 crore.
- The ATAGS, described as a flagship artillery system, will contribute to the Indian Army's artillery modernization and Aatmanirbhar Bharat in defense with all-electric drive for reliable performance in various terrains.
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Bloomberg Quint
4d
399
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Stock Market Today: All You Need To Know Going Into Trade On July 10
- NSE Nifty 50 and BSE Sensex closed lower on July 10.
- TCS, Tata Elxsi to be in focus. Asian equities mixed, US futures dipped.
- Indian benchmark indices end losing streak, US equities higher on tech.
- Asian shares mixed, Bitcoin near record. Oil steadied. Earnings and stocks focus.
- Currency: Rupee stronger, bond yield higher. F&O cues, trading tweaks noted.
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Moneyweb
4d
105
Life annuity versus living annuity – or both?
- Life annuities, living annuities, and combination products each offer different benefits and trade-offs based on factors like flexibility, longevity protection, and legacy planning.
- Life annuities provide a guaranteed income for life, protection against inflation, and attractive rates, but come with limitations such as lack of flexibility and potential decline in purchasing power.
- Living annuities offer flexibility in income adjustments, investment choices, and potential capital growth, but pose risks like outliving savings, market performance impacts, and capital erosion.
- Combining life and living annuities can provide a balanced solution with stable guaranteed income, adjustable income, longevity protection, legacy opportunities, and protection for loved ones.
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Pymnts
4d
287
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Moment Raises $36 Million to Automate Fixed Income Investments
- Moment has secured $36 million in new funding for its fixed income automation platform through a Series B round, with Index Ventures leading the investment.
- The funding will be used to enhance collaborations, invest in research and development, and grow Moment's team in New York City to meet the increasing demand for fixed income solutions.
- The financial industry is rapidly adopting automation in the fixed income market, replacing manual processes with technology solutions like Moment's platform, which consolidates various functions to boost productivity.
- Despite the push for automation, many businesses, especially small to mid-sized firms, still heavily rely on manual processes for tasks like invoicing and payment collection, highlighting the need for further automation in financial workflows.
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Massivelyop
4d
149
Medieval strategy MMO Lionhearts meets its $100K crowdfunding ask, stumps for its $200K pre-alpha milestone
- Indie studio Credenzio's medieval strategy MMO Lionhearts, which originated as a Roblox game, met its $100K Kickstarter goal, offering non-Pay-to-Win elements.
- Backing the game with $5 provides access to the Colosseum for PvP combat; reaching $200K will grant pre-alpha access for supporters pledging $10 and above.
- Credenzio has released a condensed version of its original trailer, updated on performance optimizations, and introduced a 'shadow-tasking' feature allowing characters to complete in-game tasks while offline.
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Bloomberg Quint
4d
1.7k
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Microsoft Touts $500 Million In AI Savings While Slashing Jobs
- Microsoft announced cuts of about 15,000 employees this year, with layoffs targeting customer-facing roles like sales.
- Chief Commercial Officer highlighted how AI tools saved Microsoft over $500 million in call centers and improved employee and customer satisfaction.
- Tech executives have emphasized the role of AI in automating tasks currently done by humans.
- AI at Microsoft generated 35% of code for new products, with tools like GitHub Copilot leading in the market.
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Bloomberg Quint
4d
194
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Fed Minutes Show Committee Split Around Inflation Worries
- The Federal Reserve officials are split on the outlook for interest rates, primarily due to differing views on how tariffs might impact inflation.
- Minutes of the Federal Open Market Committee's June meeting revealed that while some expected tariffs to lead to a one-time price increase, most officials were concerned about the potential persistent inflationary effects of tariffs.
- New rate projections indicated that 10 out of 19 officials anticipated at least two rate cuts by the end of the year, with considerable uncertainty surrounding the timing and impact of tariffs on inflation.
- The Fed's patient approach to rate adjustments reflects a cautious stance amid economic uncertainties, including trade policy developments and geopolitical risks.
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Bloomberg Quint
4d
406
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Domestic Pharma Industry Will Have To Pass On High Tariff Impact To US Consumers
- The domestic pharmaceutical industry may have to increase prices for US market products due to a potential 200% import tariff imposed by the Trump administration.
- Indian pharma companies are concerned about the impact as the US market accounts for a significant portion of their revenue.
- The imposition of high tariffs could lead to cost increases for Indian companies and potentially affect export growth and profitability.
- Indian pharmaceutical companies supply a substantial proportion of drugs to US residents, with potential tariff changes impacting healthcare costs and shortages.
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Bloomberg Quint
4d
315
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Piyush Goyal: FTAs With Australia, UAE, UK To Give More Market Access To Indian Agri Sector
- India's Commerce and Industry Minister Piyush Goyal stated that free trade agreements with developed markets like Australia, UAE, and UK will offer increased market access to the Indian agricultural sector.
- Despite the global economic slowdown, India's agriculture, animal husbandry, and fishery exports amounted to Rs 4 lakh crore.
- India has already implemented trade agreements with Australia and the UAE in 2022. Additionally, an FTA with the European Free Trade Association (EFTA) is expected to be implemented later this year.
- A trade pact with the UK was recently announced and is anticipated to be signed soon. EFTA comprises Iceland, Liechtenstein, Norway, and Switzerland.
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