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OpenAI To Launch Web Browser To Compete With Google Chrome: Report

OpenAI is set to release an AI-powered web browser to rival Google Chrome.
The browser aims to target the 500 million weekly active users of ChatGPT.
This move could impact Google's ad revenue due to user data collection and search traffic.
The browser is expected to integrate AI agent products for enhanced user experience.

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Bloomberg Quint

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Stock Market Live: GIFT Nifty Implies Tepid Open; Hind Copper, JSW Energy, Railtel Corp Shares In Focus

The GIFT Nifty indicated a tepid open for the Nifty 50 index, with analysts suggesting resistance at 25,600 and support at 25,400.
US markets experienced a drop after President Donald Trump announced a 50% tariff on copper imports, affecting futures of Dow Jones and S&P 500.
Asian markets saw a mixed trend amid trade uncertainty, with most markets trading higher while the Nikkei 225 declined.
Investors are focusing on metal stocks following the tariff announcement, with companies like Hind Copper, JSW Energy, and Railtel Corp shares in focus.

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Bloomberg Quint

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Stocks To Watch Today: TCS, Tata Elxsi, Amber Enterprises, JSW Energy, Oil India, Ambuja Cements

Stocks to watch on Thursday include TCS, Tata Elxsi, Amber Enterprises, JSW Energy, Oil India, Ambuja Cements, Asian Paints, and UPL.
Notable corporate announcements include fundraising plans by Amber Enterprises India, commissioning of a grinding unit project by Ambuja Cements, and inclusion of JSW Energy in FTSA Russell's FTSE4Good Index.
Other announcements include Asian Paints selling stake in Akzo Nobel India, UPL acquiring Wuhan Advanta Seeds, and HCLTech partnering with Astemo Cypremos for innovation in the autonomous vehicle ecosystem.
Oil India signing a natural gas supply agreement with GAIL (India) and Emcure Pharmaceuticals receiving zero observations from a USFDA inspection are also notable updates.

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Bloomberg Quint

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HDFC Bank, SBI, ICICI Bank & More — Systematix Top Stocks To Buy In Banking Sector; Q1 Results Preview

Systematix Institutional Equities highlights top stocks to buy in the banking sector with a positive long-term growth outlook despite near-term challenges.
Q1 FY26 is expected to be muted for banks due to various adverse factors impacting the sector.
Reserve Bank of India data shows slow growth in banking system advances and a sharp slowdown in industrial segment advances.

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Bloomberg Quint

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Why Are FIIs Preferring Other Markets? S Naren Says Indian Equities Are An 'Expensive Asset Class'

FIIs are finding Indian equities to be expensive and are preferring other global markets with lower valuations.
S. Naren, the CIO of ICICI Prudential Asset Management Co., highlights the challenge in Indian equity markets for foreign investors.
Naren advises investors to moderate their return expectations as equities are currently considered an expensive asset class.
He suggests seeking value in sectors like oil and gas and encourages investing in stocks that have been undervalued due to investor frustration.

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Bloomberg Quint

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How To Check Your EPF Balance And Interest Credited In FY25

EPFO has started crediting the interest amount for FY25 to the members’ accounts, with an interest rate of 8.25% proposed by the Central Board of Trustees (CBT).
Both employees and employers contribute to the EPF account each month, with interest accrued monthly and reflected in passbooks between June and August.
To check if EPF interest has been credited, subscribers can log in to the EPFO portal, access their passbook, and review contributions and interest credited.
If EPF interest is not visible, subscribers can wait for a few days for it to reflect or lodge a grievance on the EPFO’s online complaint portal for assistance.

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Bloomberg Quint

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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

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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

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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

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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

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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

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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

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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

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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

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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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