Donald Trump vows tariffs on China, Mexico, Canada over border; Essar Group co-founder Shashi Ruia dies at 80; Personal Finance & more

#LatestNews??

Defence stocks like BEL, HAL offer attractive entry points post recent fall, says JPMorgan

Brokerage firm JPMorgan has initiated coverage on three defence stocks - Bharat Electronics Ltd. (BEL) the latest entrant to the Nifty 50, along with Hindustan Aeronautics Ltd. (HAL) and Mazagon Dock Shipbuilders Ltd.

While it has initiated coverage on BEL and HAL with a "overweight" recommendation, it has a "neutral" rating for Mazagon Dock Shipbuilders.JPMorgan has a price target of ?340 on Bharat Electronics, which implies a potential upside of 16% from Monday's closing price. It is also the earlier peak achieved by the stock, before correcting from those levels.HAL has been ascribed a price target of ?5,135 by the brokerage, which implies a potential upside of 20% from Monday's close but is well below the record high of ?5,674 that the stock had hit earlier this year.

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Donald Trump vows tariffs on China, Mexico, Canada over border

President-elect Donald Trump said he would impose additional 10% tariffs on goods from China and 25% tariffs on all products from Mexico and Canada, citing the levies as necessary to clamp down on migrants and illegal drugs flowing across US borders.

In posts to his Truth Social network that jolted financial markets on Monday, Trump claimed China had failed to follow through on promises to institute the death penalty for traffickers of fentanyl, writing that “drugs are pouring into our Country, mostly through Mexico, at levels never seen before.”“Until such time as they stop, we will be charging China an additional 10% Tariff, above any additional Tariffs, on all of their many products coming into the United States of America,” Trump said.

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Essar Group co-founder Shashi Ruia dies at 80

Essar Group's co-founder Shashi Ruia died on November 25, 2024. He was 80 years old.Shashi Ruia's mortal remains will be at Ruia House to offer prayers from 1 pm to 3 pm on Tuesday, November 26. The funeral procession will leave from Ruia House at 4 pm towards Hindu Worli Crematorium.Shashi, a first-generation entrepreneur industrialist, started his career in 1965 under the guidance of his father Nand Kishore Ruia. He, along with his brother Ravi, laid the foundation of Essar and planned its business strategy, growth and diversification.

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#TechTalks??

realme on 'gamechanging' GT7 Pro, partnership with Amazon and more

realme will unveil the GT 7 Pro, its latest flagship smartphone, on Tuesday, November 26, with what the company says are groundbreaking features and forward-thinking design.This flagship phone runs on the Snapdragon 8 Elite chipset, making it the first smartphone to release with the chip in India. realme said the GT 7 Pro boasts an Antutu score of over three million points, positioning it to compete with big names in the high-end smartphone sector.

Chase Xu, Vice President of realme, elaborated on the brand's goal to push limits. "The GT 7 Pro shows our mission to 'explore the unexplored'," he said. He talked about what inspired the device, pointing out that its look comes from space exploration and Mars' surface.

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Cyberattacks cost British businesses $55 billion in past five years, broker says

Cyberattacks have cost British businesses around 44 billion pounds ($55.08 billion) in lost revenue in the past five years, with 52% of private sector companies reporting at least one attack in that time, insurance broker Howden said on Monday.

Cyberattacks cost businesses 1.9% of their revenue on average, Howden said, with companies generating an annual revenue of over 100 million pounds most likely to suffer an attack.The most common causes of cyberattacks were compromised emails, at 20%, and data theft, at 18% of cases, Howden said.

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#DailyData??

#Personalfinance??

What is Aadhaar Enabled Payment System and how it benefits users in far-flung areas

The Aadhaar Enabled Payment System (AEPS) is transforming how users in rural and semi-urban areas access banking services. With just an Aadhaar number and biometric authentication, AEPS allows users to perform a variety of banking transactions, such as cash withdrawals, deposits, balance inquiries, and Aadhaar-to-Aadhaar transfers.

Manish Kumar Goyal, Chairman, Managing Director, and key promoter of Ikeda Ltd, explains how AEPS benefits users and enhances financial inclusion, especially for those in underserved areas.

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UPI 123Pay’s new ?10,000 transaction limit: NPCI directs banks to comply by January 1

The Reserve Bank of India (RBI) has announced an increase in the transaction limit for UPI 123Pay from ?5,000 to ?10,000. This change is set to benefit millions of feature phone users across India who have limited access to the internet.UPI 123Pay is a unique service that allows digital payments on feature phones without the need for internet connectivity.The update, which is already in effect, requires full compliance by January 1, 2025, as per instructions from the National Payments Corporation of India (NPCI).

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#Podcasts???

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