#Economy | Mango prices soar this summer π₯π Wholesale rates hit βΉ48.5/kg, up 20.7% from last year. Indians face 37% cost hike in June alone, with fruit prices expected to stay high.
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Moneycontrol
Mango tastes sour this summer as wholesale price sizzles at Rs 48.5 a kg, up 20.7%
Indiaβs favorite fruit, mango, cost 37 percent more in June than last year. Overall, Indians paid more for fruits and will continue to for the next few months. WPI in fruits doubled to 10.14% in June
#EarningsWithMC | LTIMindtree Q1 results: Net profit down 1.5% YoY to βΉ1,135 crore, revenue up 5% ππΌ Q1FY25 revenue hits $1.1 billion, showing 2.5% QoQ and 3.5% YoY growth in USD terms, says CEO.
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Moneycontrol
LTIMindtree Q1 results: Net profit falls 1.5% YoY to Rs 1,135 crore, revenue up 5%
While the environment remains unchanged, fiscal 25 started on a positive note for us with Q1FY25 revenue of $1.1 billion, registering a 2.5% QoQ and 3.5% YoY revenue growth in USD terms, says CEO
#Business | ππ Budget 2024-25 to boost logistics infra with multimodal connectivity: Allcargo CFO
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https://www.moneycontrol.com/news/business/budget-2024-25-to-boost-logistics-infra-with-multimodal-connectivity-allcargo-cfo-12769532.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
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Moneycontrol
Budget 2024-25 to boost logistics infra with multimodal connectivity: Allcargo CFO
The interim budget tabled in the Parliament, earlier this year, signalled the government's relentless focus on strengthening infrastructure and connectivity for a broad-based economic growth.
#MCExclusive | πΏπ§ Govt plans βΉ10,000-cr boost for green ammonia production in Budget 2024-25!
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Moneycontrol
MC Exclusive: Govt may boost green ammonia production with Rs 10,000-crore viability gap funding scheme in Budget 2024-25
There is a large difference in the cost of production between grey and green ammonia. The cost of natural gas is a major element of the cost for the production of grey ammonia.
#MarketsWithMC | π Market update: Nifty 50 hits record highs, closes above 24,600 for the first time. Next targets at 24,700-24,800 if 24,500 sustains, with key support at 24,300.
Top 15 things to know before the opening bellπ
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Top 15 things to know before the opening bellπ
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Moneycontrol
Trade setup for Thursday: Top 15 things to know before the opening bell
If the Nifty 50 sustains 24,500, then the next target to watch out for would be 24,700-24,800 in the coming sessions, with key support at 24,300, experts said.
#Business | πΌ Dharana Capital injects Rs 400 crore into on-demand home service provider Urban Company.
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Moneycontrol
Dharana Capital invests Rs 400 crore in on-demand home service provider Urban Company
Vamsi Duvvuri, Founder and Managing Partner of Dharana Capital, will also join the board of Urban Company as a Non-Executive Director
#World | JPMorgan CEO Jamie Dimon could become Treasury Secretary if Trump becomes US President π
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Moneycontrol
JPMorgan CEO Jamie Dimon could become Treasury Secretary if Trump becomes US President
Dimon, like many other corporate executives, had condemned the January 6, 2021, attack on the US Capitol by Trump supporters who made an unsuccessful attempt to prevent Congress from certifying the results of the 2020 elections that Trump lost to Biden
#EarningsWithMC | π Wipro Q1 Earnings Preview: Net profit expected up 4% QoQ to βΉ2,953 crore, but revenue likely flat. Macro challenges loom.
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https://www.moneycontrol.com/news/business/earnings/wipro-q1-earnings-preview-macro-issues-to-play-spoilsport-again-new-deals-a-breather-12771038.html#google_vignette?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
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Moneycontrol
Wipro Q1 Earnings Preview: Macro issues to play spoilsport again; new deals a breather
According to the average of nine estimates compiled by Moneycontrol, Wipro's consolidated net profit for the quarter ended June is expected to rise over 4 percent QoQ to Rs 2,953 crore, while revenue from operations is likely to remain flat.
#Business | π¨ Asian Paints CEO Amit Syngle: Open to more price hikes amid rising inflation. Eyes increased brand investment amidst industry competition.
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Moneycontrol
Asian Paints open to further price hikes if inflation rises, says CEO Amit Syngle
Rising prices will give the firm headroom for increased brand investment especially with new entrants like Birla Opus in the industry, per Nuvama.
#MCPersonalFinance | SEBI proposes new high-risk mutual fund category with βΉ10L minimum investment to regulate unauthorized products & boost innovative strategies using derivatives. π
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Moneycontrol
SEBIβs proposal on new risky asset class for mutual funds: Blessing or a curse?
The product category with a minimum ticket size of Rs 10 lakh will curb the proliferation of unauthorised investment products and creates a structure for differentiated and higher risk strategies. At the same time, it will allow derivatives to be used forβ¦
#INDIA | π₯ Fire broke out at Veg Gulati restaurant in Delhi at 2:48 am, starting in the sitting area and spreading to the first floor. No injuries reported.
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Moneycontrol
Delhi: Fire breaks out at Veg Gulati restaurant, no one injured
The fire broke out at 2.48 am in the sitting area of Veg Gulati restaurant and soon spread to the first floor, a DFS official said.
#Business | π Nvidia, Pfizer, Thermo Fisher, & OurCrowd invest $80 million in Israeli medical AI tech firm CytoReason. π
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https://www.moneycontrol.com/news/business/nvidia-pfizer-lead-80-million-funding-for-israeli-medical-ai-tech-firm-cytoreason-12771336.html#google_vignette?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
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Moneycontrol
Nvidia, Pfizer lead $80 million funding for Israeli medical AI tech firm CytoReason
Nvidia, Pfizer, Thermo Fisher and venture capital investor OurCrowd participated in the round, CytoReason said
#INDIA | π "Andhra ready to welcome you": Nara Lokesh invites Nasscom amid Karnataka's quota decision backlash. πΌ
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Moneycontrol
'Andhra ready to welcome you': Nara Lokesh to Nasscom amid backlash over Karnataka quota decision
Andhra Pradesh minister Nara Lokesh on Wednesday welcomed IT firms to relocate their businesses to his state amid a massive backlash over Karnataka government's decision to reserve jobs for locals.We will offer you best-in-class facilities, uninterruptedβ¦
#INDIA | Maharashtra launches job training and stipend scheme for men in Pandharpur, Solapur district on Ashadhi Ekadashi π π
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Moneycontrol
Maharashtra govt declares job training and stipend scheme
Shinde declared broad features of the new scheme, primarily targeting men, at Pandharpur in Solapur district on the occasion of Ashadhi Ekadashi
#Business | Top 10 PSU banks' heads earned less than half of Axis Bank CEO's payout in FY24 π¦πΌ
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Moneycontrol
Total salary of top 10 PSU banks' heads was less than half of Axis Bank's chief's payout in FY24
Kotak Mahindra Bank MD and CEO Ashok Vaswani netted Rs 1.83 crore in the previous financial year, and Amitabh Chaudhry, MD and CEO of Axis Bank, got Rs 9.11 crore.
#EarningsWithMC | π LTIMindtree sees bright prospects ahead in FY25! Q1 results reveal a 3% QoQ rise in net profit to βΉ1,133.8 crore and 2.8% QoQ growth in revenue to βΉ9,142.6 crore. Bullish on BFSI and Tech sectors.
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Moneycontrol
LTIMindtree bullish on rest of FY25, seeing green shoots in BFSI, Tech verticals
LTIMindtree's June quarter results, reported on July 17, showed a consolidated net profit increase of 3 percent QoQ to Rs 1,133.8 crore, while revenue rose 2.8 percent QoQ to Rs 9,142.6 crore.
#BUSINESS | π Citi plans to ramp up investment banking team in India amid surge in deals. MD Rahul Saraf aims for a "meaningful increase" from current 30 dealmakers.
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Moneycontrol
Citi to boost investment banking headcount in India betting on deals surge
"We haven't firmed up the numbers, but it would be a meaningful increase between this year and next year," Rahul Saraf, managing director and head of India investment banking unit, which currently has around 30 dealmakers, told Reuters
#TechWithMC | πΊοΈ Google cuts Maps Platform prices for Indian devs by up to 70% starting August 1. Timely move amid Ola Maps push by Bhavish Aggarwal.
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https://www.moneycontrol.com/technology/google-to-slash-maps-platform-pricing-for-indian-developers-by-up-to-70-from-august-1-article-12771471.html#google_vignette?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
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Moneycontrol
Google to slash Maps Platform pricing for Indian developers by up to 70% from August 1
Google Maps API price reduction comes at a time when Ola chief Bhavish Aggarwal has been publicly encouraging developers to adopt Ola Maps for their mapping needs.
#MarketsWithMC | What's the latest news from the stock market? π§
Get a quick look at which stocks will be in focus in trade todayπ
Read details on #StockRadar π
https://www.moneycontrol.com/news/business/markets/stock-radar-asian-paints-aditya-birla-money-just-dial-airtel-paytm-in-focus-on-thursday-12771474.html?telegram
Get a quick look at which stocks will be in focus in trade todayπ
Read details on #StockRadar π
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Moneycontrol
Stock Radar: Asian Paints, Aditya Birla Money, Just Dial, Airtel, Paytm in focus on Thursday
L&T Finance, Network18 Media and Investments, TV18 Broadcast, Alok Industries, and KEC International will also be in focus on Thursday.
#MCEssential | Good Morning π» Missed yesterday's top news? βοΈποΈ
No worries! We've got you covered with a quick catch-up π
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No worries! We've got you covered with a quick catch-up π
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Moneycontrol
Moneycontrol Daily: Your Essential 7
A daily round-up of the most interesting articles to help jump-start the day
#MarketsWithMC | Here's a crisp take on key #market moves & trends that give you a birdβs eye view of whatβs happening only on #ShortCall π
Read atπ
https://www.moneycontrol.com/news/business/markets/short-call-bull-case-for-realty-stocks-us-commercial-property-market-asian-paints-dixon-coal-india-natco-pharma-fortis-in-focus-12771524.html?telegram
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Moneycontrol
Short Call: Bull case for realty stocks, US commercial property market, Asian Paints, Dixon, Coal India, Natco Pharma, Fortis inβ¦
In investing, being a cheapskate, and not paying up, helps β a lot. Joel Tillinghast