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Bharat Electronics Limited (BEL) has signed a contract valued at Rs 3,172 crore with Armoured Vehicles Nigam Limited (AVNL) on Friday at AVNL Headquarters in Chennai. According to an official statement, BEL, which is headquartered in Bengaluru, stated the project entails the supply and installation of an advanced, indigenously designed and developed Sighting and Fire Control System (FCS) for the upgrade of BMP 2/2K tanks of the Indian Army, along with a comprehensive engineering support package.

Motilal Oswal picked Maruti Suzuki and Ashok Leyland as their top picks from among the auto OEMs while Craftsman Automation, Happy Forgings and Samvardhana Motherson International from the auto ancillary segment, stating that one will have to make selective micro strategies to outperform in the sector. “It is now an established fact that the majority of easy gains in Auto OEM stocks are now behind us, as we have witnessed significant volume growth across segments over the last two years, and input costs also appear to have bottomed out,” said a report by Motilal Oswal.

Vladimir Putin said Friday that Russia should start producing short and intermediate-range missiles that were previously banned under a now-defunct arms treaty with the United States. Putin was referring to missiles with a range of 500 to 5,500 kilometres (300-3,400 miles) that were banned under the Cold War-era Intermediate-Range Nuclear Forces (INF) Treaty. Washington withdrew from the deal in 2019, citing Russia's failure to comply. The Kremlin said at the time that it would abide by a moratorium on production if the US did not deploy missiles within striking distance of Russia.

Indian Navy on Friday bid adieu to UH-3H helicopter — a versatile platform that has played a crucial role in humanitarian assistance and disaster relief operations — after 17 years of glorious service, officials said. The de-induction ceremony was held at INS Dega, Visakhapatnam. The event was presided by Vice Admiral Sameer Saxena, Chief of Staff, Eastern Naval Command. Veteran officers and sailors of the UH3H squadron graced the event with families reminiscing the yeoman service of the helicopter. The UH-3H helicopter will be replaced by Sea King 42C helicopter at INAS 350 to continue and deliver operational power and capability, a spokesperson of the Navy said in a statement.

Reserve Bank of India on Friday upwardly revised the aggregate Ways and Means Advances (WMA) limit of state governments and Union Territories to Rs 60,118 crore effective July 1, 2024. The existing limit is Rs 47,010 crore. The WMA are temporary advances given by the RBI to the central, state governments and UTs to tide over any mismatch in receipts and payments. The limits have been revised based on the recommendations made by the group constituted by the central bank, consisting of select state finance secretaries to take account of the expenditure data of states for recent years.

ICICI Bank has raised Rs 3,000 crore through a 10-year bond sale on Friday, with the private sector lender garnering long-term funds for infrastructure financing at a time when credit growth is much higher than deposit growth, exerting pressure on banks to mobilise funds. The coupon rate – or interest rate paid to investors – for ICICI Bank’s bonds was set at 7.53%, debt capital market executives said.

South Africa, also known as the Proteas very rarely qualify for the finals of ICC tournaments and have lost on countless occasions rather than securing victory because as the legend goes, the choke at the last moments of the game. Meanwhile, India is still reeling from the ICC World Cup final loss against Australia, a defeat they still have not been able to digest. Now, both these teams are going to participate in the finals of this coveted ICC T20 World Cup Final and would aim to win it for their respective nations. Watch T20 World Cup Live in USA on 'Willow By Cricbuzz'

Joe Biden and former President Donald Trump are set to face off once again on the debate stage this September.

Trust Mutual Fund has filed a draft document with the Sebi for a smallcap fund. TrustMF Small Cap Fund will be an open-ended equity scheme predominantly investing in smallcap stocks. The objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity-related securities of smallcap companies. The scheme will be benchmarked against Nifty Smallcap 250 TRI. The scheme will be managed by Mihir Vora, Aakash Manghani.

Foreign investors are increasingly interested in the Indian corporate debt market as domestic government securities are set to debut on the JPMorgan Emerging Market local currency debt index on June 28, expected to bring in $20-25bn in passive inflows. Recent data indicates higher purchases in corporate bonds and ETFs, along with a strong demand for dollar bonds. Despite the current investments remaining tepid, investors can anticipate an uptick as more foreign investors engage with Indian debt instruments, which have traditionally been overlooked in favor of government bonds.

IND vs SA Barbados Weather Live Updates: It’s here! India and South Africa have reached the final of the T20 World Cup 2024, which will take place at Kensington Oval in Bridgetown, Barbados tomorrow. India aim to secure their second T20 World Cup title, while South Africa, making their first appearance in a T20 World Cup final, hope to make history. From weather updates to all the pre-finale buzz, stay with us for all latest updates from Barbados.

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Massachusetts Attorney General Andrea Campbell says drivers for Uber and Lyft will earn a minimum pay standard of $32.50 per hour under a settlement

Zomato now have strong prospects of joining the blue-chip Nifty50 index, according to a report by Nuvama Alternative & Quantitative Research Analysis.Abhilash Pagaria, head of Nuvama Alternative & Quantitative Research Analysis, stated in a recent note that if Jio Financial and Zomato enter the derivatives segment before mid-August, they are highly likely to join the Nifty 50 in the September review, along withTrent.According to Pagaria, if included in the Nifty 50, Jio Financial could attract $466 million in passive fund buying, Zomato $491 million, and Trent $463 million.The Securities and Exchange Board of India (SEBI) has implemented significant changes in equity derivatives regulations, affecting stock selection for futures & options (F&O).Key changes include raising the average daily delivery value requirement for a stock to qualify for the F&O segment to ₹35 crore (up from ₹10 crore) in the cash market over the past six months, and increasing the market-wide position limit to at least ₹1500 crore (up from ₹500 crore).SEBI has introduced a product success framework to curb market manipulation through illiquid securities. If trading volumes remain low over six months, the derivatives will be discontinued.

Fixed deposits (FDs) offer safety of the principal amount along with guaranteed returns. One of the key benefits of FDs is that you can choose the terms based on your funds’ requirements and make use of the money as and when you wish. Also, you can avail the funds with interest and reinvest as and when you get the chance to lock-in your money for a higher interest rate.

National Insurance Awareness Day has evolved over the years to become an important annual event that highlights the crucial role of insurance in protecting individuals, families, and businesses. The goal of National Insurance Awareness Day is to help people understand the different types of insurance available, to empower people to make informed decisions about their insurance coverage and to recognize the value that insurance provides in safeguarding their financial well-being. By taking proactive steps to review and renew their insurance policies, individuals and businesses can have greater peace of mind and be better prepared to handle life’s unexpected challenges.

National Insurance Awareness Day, observed every year on June 28, reminds us of the importance of insurance. In this world full of uncertainties, a life insurance policy plays a crucial role for you in protecting your loved ones financially in case any untoward events occur during the policy period. In such an event, the insurance company pays the assured sum to your nominee, helping the impacted family manage tough times without financial stress.

Indian equity closed on a lower note on Friday after reaching record high levels in the early hours. The NSE Nifty 50 hit a new all-time high of 24,174, surpassing the psychological level of 24,150. However, the index later closed 34 points or 0.14% lower, than its previous close, at 24,011. 

4Thoughts Finance, a family office firm based in Bengaluru, has unveiled its ambitious plans to double its portfolio size of Rs 500 crore to Rs 1000 crore in the near future, marking a significant milestone in its growth trajectory. With an unwavering commitment to excellence and client satisfaction, 4 Thoughts Finance is poised to usher in a new era of prosperity for its clientele.

Shriram Asset Management Company (Shriram AMC) announced the launch of its growth liquid fund – Shriram Nifty 1D Rate Liquid ETF (Growth), an open-ended Exchange Traded Fund, tracking the Nifty 1D Rate Index.

The approval of spot Solana exchange-traded funds (ETFs) in the United States has the potential to drive the price of SOL up 9x, according to crypto market maker GSR Markets.