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BS Edit | The IMD forecasts a 2nd consecutive above-normal monsoon in 2025, with rainfall likely to exceed the long-period average by 5%. While this supports the projected 4.4% agri growth and moderates inflation, uneven rain distribution and rising extreme weather events highlight persistent climate risks.

https://mybs.in/2emI95s
Tesla is in discussions with US-based memory chipmaker Micron, as well as Mumbai-headquartered CG Semi, a Murugappa Group company, to explore potential chip sourcing options. The talks are part of the EV giant’s broader strategy to diversify its global semiconductor supply chain.

These interactions follow its earlier agreement with Tata Electronics to procure chips for its international operations, announced in 2023.

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BS Edit | Muted Q4 results and cautious outlooks from TCS, Infosys, and Wipro reflect pressure from global uncertainties and weak discretionary spending in sectors like retail and auto. Yet, rising GenAI adoption is prompting a strategic pivot, setting the stage for deep shifts in business models and competitive dynamics.

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The Delhi High Court came down heavily on yoga guru Ramdev over his controversial remarks against Hamdard’s popular drink, Rooh Afza. Criticising his statements as "indefensible," the court said, "It shocks the conscience of the court"

The controversy began on April 3, when Ramdev alleged that the profits from Hamdard’s Rooh Afza were being used to build mosques and madrasas. "There’s a company that gives you sharbat, but the money it earns is used to construct madrasas and mosques," he claimed during a public event.

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The Guwahati Tea Auction Centre (GTAC) has set a new record, selling tea worth Rs 3850 crore in the financial year 2024-25.

Dinesh Bihani, Secretary of Guwahati Tea Auction Buyers Association, on Tuesday told ANI that, in the FY 2024-25, the Guwahati Tea Auction Centre sold 169.13 million kg of tea with an average price of Rs 227.70 and the total turnover is Rs 3850 crore which is Rs 800 crore more compared to the previous year.

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Alphabet Inc, the parent company of Google, has begun discussions with its contract manufacturing partners in India—Dixon Technologies and Foxconn—to move a portion of global Pixel smartphone production from Vietnam to India. The move is aimed at fulfilling US-bound shipments.

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In a continuation of its rally, gold prices surged by Rs 1,899 today, marking the fourth consecutive day of gains and pushing the yellow metal to a historic high of Rs 99,178 per 10 grams. On the Multi Commodity Exchange (MCX), the October futures contract briefly breached the Rs 1 lakh mark, touching an all-time high of Rs 1,00,484 per 10 grams, up nearly Rs 2,000 or 2%.

The sharp rally is being attributed to safe-haven demand, fueled by geopolitical uncertainty, central bank gold buying, and criticism of the U.S. Federal Reserve by President Donald Trump — developments that have collectively unnerved global markets.

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