Two rising stars — Ayush Mhatre and Vaibhav Suryavanshi — are set to clash in a battle that could shape the next generation of Indian cricket and the Indian Premier League (IPL). Chennai Super Kings will take on Rajasthan Royals at the Arun Jaitley Stadium in a contest that holds no bearing.
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The Mumbai Cricket Association honoured Rohit Sharma by unveiling the Rohit Sharma Stand at Wankhede Stadium. His wife, Ritika Sajdeh, was visibly moved during the ceremony. A video captured her emotional reaction as the stadium stand was renamed. Tributes poured in, including a message from Suryakumar Yadav. Akash Ambani, MI owner, attended the event.
Tesla's stock surged, increasing its market cap to $1.12 trillion, prompting Elon Musk to taunt Minnesota Governor Tim Walz on X. Musk referenced Walz's earlier mockery of Tesla's stock decline, responding with sarcasm and personal insults. Walz had previously joked about Tesla's struggles, leading to Musk's sharp rebuke and subsequent name-calling, before Walz walked back his comments.
US intelligence suggests Israel is increasing preparations for a potential military strike against Iranian nuclear facilities amid stalled US-Iran negotiations. These preparations, including repositioning munitions and air exercises, may also be a pressure tactic. An Israeli strike would sharply contrast with Trump's diplomatic approach and risk escalating the Middle East tensions, as Netanyahu navigates pressure to oppose a US-Iran deal.
US Secretary of State Marco Rubio defended President Trump's Ukraine policy, asserting that Russia had not gained any concessions. This statement countered Senator Jeanne Shaheen's criticism that Trump's actions emboldened Putin. Rubio indicated that sanctions might be necessary if Russia continued military operations and showed no interest in peace negotiations, while Trump expressed confidence in Putin's desire for peace.
India's restriction on garment imports from Bangladesh via land routes is poised to create a substantial opportunity for the domestic textile sector, potentially worth Rs 1,000-2,000 crore. While boosting local manufacturing and curbing indirect entry of Chinese fabric, this move may disrupt supply chains for apparel brands, leading to a slight price increase for consumers during the winter season.
India is restricting ready-made garment imports from Bangladesh by land. This action will likely raise logistics costs and increase transit times. The move follows restrictions imposed by Bangladesh on Indian goods. Indian companies had set up units in Bangladesh for lower production costs. Dhaka's growing ties with China are also a concern.
Equirus downgraded Protean eGovernance due to losing a key government project, impacting revenue significantly. Jefferies maintains a hold on Divis Laboratories, citing patent challenges and valuation. Kotak has a sell rating on BHEL due to weak execution. CLSA is positive on Hyundai Motors India, while Morgan Stanley downgraded HAL due to concerns about execution guidance.
Walmart is set to lay off 1,500 employees across its global technology division, e-commerce roles, and advertising arm as part of a restructuring effort to streamline operations. The company aims to sharpen its focus and accelerate progress in delivering future retail experiences.
Pakistan has expelled an Indian high commission staff member, mirroring India's expulsion of a Pakistani official for alleged spying. This reciprocal action escalates tensions following a terror attack in Jammu & Kashmir and India's subsequent strikes on terror camps. Despite Pakistan's attempted retaliation, a ceasefire was established after discussions between top army officers from both nations.
Following the Pahalgam terrorist incident, India has intensified scrutiny of imports from the UAE, Iran, and other Gulf nations to prevent Pakistani goods from entering indirectly. A complete ban on Pakistani goods is now in effect, with strict verification of import labels and origin criteria.