LETTERS OF INTENT
VinFast tweaks sales plan ahead of its India debut
VinFast has adjusted its India strategy, reducing its first-year sales target to 3,000 units and delaying the launch of its VF7 and VF6 electric SUVs due to distribution network challenges. Production at the Tamil Nadu facility is now slated for July 30, impacting booking and delivery timelines.
Married? You just lost 40 points; How Canada’s immigration system is rewarding singles and punishing families
Canada's immigration system, once celebrated for its meritocratic approach, faces criticism for disadvantaging married applicants. The Comprehensive Ranking System favors single applicants, prompting some to declare spouses as non-accompanying to boost their scores. While legal, Ottawa scrutinizes such declarations, warning against misrepresentation, which can lead to severe penalties as immigration targets tighten.
Handle volatility in conventional & unconventional ways: Capital gains & dividend yield. 6 stocks with dividend yield of 4-8%; return of over 22%
How are individual investors different from institutional investors? Here’s one fundamental difference: Most individual investors don't even look at dividend yield before buying stocks, something institutional investors give due importance to. In their communications, institutional investors are clear that dividend yield is a good enough reason to buy a stock because it is an income stream beyond possible capital gains. Around a year back, when valuations were extremely high, it was difficult to find stocks with good dividend yields and a reasonable probability of capital gains. But the corrections in the market have brought some opportunities to the fore.
Delhi HC refuses to halt Sun Pharma’s Pruease tables sales over trademark row
The Delhi High Court has denied RSPL Health's petition to stop Sun Pharmaceutical Industries from selling Pruease tablets, a constipation relief medication. RSPL Health, which sells sanitary napkins under the trademark 'Pro-ease,' claimed trademark infringement. The court dismissed the plea, stating that the products have distinct trade channels and there is no likelihood of confusion among consumers.
Five foreign varsities to get LoIs as part of Maharashtra's ambitious International EduCity plan
CIDCO is set to grant Letters of Intent to five prestigious foreign universities, including Aberdeen University and the University of York, to establish campuses in Mumbai and Navi Mumbai. This initiative is part of the International EduCity project near the Navi Mumbai airport, aiming to create a global education hub and boost Maharashtra's economy.
Over 1,100 Dreamliners criss-crossing skies; a flight path of connectivity & now a crash
A tragic Air India plane crash in Ahmedabad marked the first fatal accident for the Boeing 787 Dreamliner. The aircraft, 11.5 years old, had flown over 41,000 hours. There are 1,148 Boeing 787s in service globally. Air India and IndiGo operate these planes in India. The crash is a first hull loss for the B787.
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Ahmedabad crash: For first time, Boeing 787 plane suffers fatal accident
The aircraft involved—a Boeing 787-8 with registration VT-ANB—was 11.5 years old and had logged over 41,000 flight hours and nearly 8,000 takeoff-landing cycles, according to aviation analytics firm Cirium. This Dreamliner was one of 27 legacy B787-8 planes operated by Air India. The airline has 34 Dreamliners in total and was preparing to retrofit these aircraft starting next month.
Mamata writes to Modi over vandalism of Tagore's ancestral Bangladesh home
West Bengal's Chief Minister Mamata Banerjee has written to Prime Minister Narendra Modi over the vandalism of Rabindranath Tagore's ancestral home in Sirajganj, Bangladesh. Banerjee urged Modi to address the issue with the Bangladeshi government.
Amber Enterprises to invest Rs 6,000 cr in electronics plant near Noida airport
Amber Enterprises will invest Rs 6,000 crore. The company will set up a large electronics manufacturing facility. The facility will be near Noida International Airport in Jewar. The Yamuna Expressway Industrial Development Authority has allocated land. The facility will manufacture PCB assemblies, home appliances and consumer electronics.
Wordle answer today for June 12, 2025 (#1454): hints, festive twist, and why this puzzler got everyone talking
Wordle answer for June 12 and it’s making waves with its fun, festive twist. This five-letter word, known as one of Santa’s reindeer, also means a female fox. The New York Times puzzle gave hints like no repeated letters, starts with "V", and has two vowels. Many players found the answer clever and surprising in the middle of June. If you're tracking Wordle streaks or just love solving daily puzzles, this one definitely stood out. Keep reading to explore the clues, past answers, and tips to sharpen your Wordle skills today and every day.
KAAN fighter jet: Pakistan’s ally Turkey gets ₹85,000 crore boost with Indonesia’s order for fifth-generation plane
Indonesia is procuring 48 KAAN fighter jets from Turkiye. The deal is estimated at $10 billion. Deliveries are expected to begin in 2026. This shifts Indonesia's focus from additional Rafale orders. The KAAN aims to compete with jets like the F-35. Pakistan has also shown interest in acquiring the KAAN. This strengthens defence ties between Indonesia and Turkiye.
Bengaluru stampede: KSCA Secretary, Treasurer resign after emergency meeting
"I had called an emergency managing committee meeting. Two of our members -- the secretary and treasurer -- have resigned on moral grounds. The committee has accepted their resignations. So far, nothing has come in. When the inquiry takes place, we have already told the government and the High Court that we will never shy away from anything that is there. We are ready to cooperate with the investigation," the KSCA president told reporters.
Get 63% discount on old ACs and fans exchange through BSES Yamuna & BSES Rajdhani AC, fan replacement scheme 2025, check details
Residents of Delhi can exchange old ACs and fans for new ones with discounts up to 63%. BSES Yamuna and BSES Rajdhani are offering this scheme. BSES Rajdhani's scheme is valid until July 10, 2026. Consumers can register online or at Consumer Help Desks. Several brands like Voltas, LG, and Godrej are participating. The offer promotes energy-efficient appliances.
China, Pakistan 'launch' Operation Disinformation on Rafale after India's terror strikes
French sources report a disinformation campaign against the Rafale fighter jet. China and Pakistan are actively involved. Fake news and videos aim to damage Rafale's reputation. The campaign promotes competing aircraft and discredits India-France partnership. False claims include Rafales being shot down and Indonesia rethinking its purchase. Indian government sources deny these claims. Strikes on terror camps used Rafales effectively.
Sebi attaches bank, demat, MF accounts of Mehul Choksi to recover Rs 2.1 crore dues
Sebi has ordered the attachment of Mehul Choksi's assets, including bank accounts, shares, and mutual funds, to recover Rs 2.1 crore in dues related to insider trading violations in Gitanjali Gems shares. This action follows Choksi's failure to pay a fine imposed in January 2022 for communicating unpublished price-sensitive information.
Ashoka Buildcon shares in focus after securing Rs 1,387-crore traffic management project in Maharashtra
Ashoka Buildcon shares: The project, with an estimated value of Rs 1,387.19 crore, entails the design, deployment, operation, and upkeep of the Intelligent Traffic Management System (ITMS) across Nagpur, Mumbai, Pune, Marathwada, and the Konkan & Western Maharashtra regions.
Stocks in news: SpiceJet, JSW Energy, Bajaj Finserv, IREDA, Coal India
Indian stock markets are showing signs of recovery. SpiceJet is dealing with an insolvency tribunal matter. JSW Energy has commissioned a renewable energy project. Dr Reddy’s collaborates with Alvotech for a biosimilar drug. ICICI Prudential Life disbursed loans. IREDA launched a qualified institutional placement. Coal India signed an MoU. Bajaj Finserv promoters may sell stake.
Reddit users' comments were used to train AI Chatbot, social media platforms sues artificial intelligence company
Reddit has previously entered licensing agreements with Google, OpenAI and other companies that are paying to be able to train their AI systems on the public commentary of Reddit's more than 100 million daily users.
Musk's Starlink clears major India hurdle; in line for satcom licence after agreeing to new set of conditions
Starlink is close to launching satellite services in India. The government approved its application for a key licence. This follows a letter of intent issued to the company. Starlink accepted new conditions from the Department of Telecommunications. They also fulfilled fee requirements. Representatives will finalise paperwork soon. The company aligned with licensing conditions.
Nvidia on m-cap podium; Flipkart’s block deals
GPU giant Nvidia has once again become the most valued publicly traded company in the world, boasting strong financials and sector dominance. This and more in today’s ETtech Top 5.
Starlink to get licence to operate in India soon: Jyotiraditya Scindia
Starlink is nearing final approval to operate in India, following the issuance of a Letter of Intent. OneWeb and Reliance already hold licenses, with Starlink expected to undergo testing after approvals. Project Kuiper is also eyeing entry, while TRAI has set spectrum charges, sparking debate over fairness compared to terrestrial networks.
There are PSU stocks, and there are PSU businesses. Choose the business. 57 PSU stocks, some good, some not so good
A year back, on the day the results of 2024 general elections were getting declared, PSU stocks as a set suffered a sudden setback. From being much loved in the first six months of 2024, they were suddenly being hit. The reason: The street assumed that, without a clear majority, Modi 3.0 would not be able to take decisions which it was able to in Modi 2.0. But a year down the line, it is no longer about a company being a PSU or not. It is about business. So, sectors where there have been developments are clearly seeing things turn for the better.
Ex-Tesla executive signs letter of intent with Stargate’s Crusoe
In a bid to tackle the pressing challenges of AI infrastructure, Drew Baglino, a former Tesla executive, has launched Heron Power. This startup has secured partnerships with companies like Stargate developer Crusoe, introducing groundbreaking technology that replaces conventional transformers.
Chennai Petroleum to set up retail fuel outlets; commits Rs 400 crore capex
Chennai Petroleum Corporation Ltd, an IndianOil Group company, is venturing into establishing retail outlets for petrol and diesel during its Diamond Jubilee year, investing ₹400 crore.
Kamal Haasan's ‘Thug Life’ to not release in Karnataka as actor refuses to apologise. Controversy explained
Kamal Haasan has refused to apologise for his remark that the Kannada language originated from Tamil, leading to the decision not to release his upcoming film Thug Life in Karnataka. The Karnataka High Court criticised Haasan for hurting public sentiments and urged him to apologise, but the actor’s team insisted there was no need. The Karnataka Film Chamber of Commerce has banned the film’s screening in the state until an apology is made.
Blake Lively drops emotional distress claims against Justin Baldoni amid ongoing legal battle
Blake Lively has withdrawn claims of emotional distress against Justin Baldoni in their ongoing legal battle, which includes allegations of sexual harassment and retaliation. Baldoni's team sought Lively's medical records, prompting the withdrawal, though she maintains emotional harm as part of her broader lawsuit. Baldoni denies the allegations and has countersued, with a trial set for March 2026.
'Unjustifiably low' satcom spectrum price, says COAI
India's leading telecom operators have strongly criticised the telecom regulator's satcom recommendations, deeming the spectrum pricing as unfairly low and based on flawed assumptions. They argue that the proposals lack transparency, create an uneven playing field, and threaten the sustainability of terrestrial services.
Draft data rules introduce potential for data localisation requirements: Trade associations to IT ministry
Industry bodies urged India’s IT ministry to align draft DPDP rules with the original Act, warning new localisation and broad government data access could hinder cross-border data flows. They recommended clearer processes, delayed implementation, risk-based breach reporting, and exclusions for credit data to support financial transparency and inclusion.
Olectra Greentech shares in focus after issuing clarification on Rs 10,000 cr E-bus order with MSRTC
Olectra Greentech shares: Olectra Greentech, in a clarification submitted to the stock exchanges, stated that the electric bus project was awarded by the Maharashtra State Road Transport Corporation (MSRTC) to a consortium consisting of Olectra Greentech Limited and EVEY Trans Private Limited (EVEY).
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