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HDB Financial Services made a strong debut on the stock exchanges on July 2, listing nearly 14% above its issue price. As investor sentiment surges, the focus now shifts to strategy—should you buy, sell, or hold the stock after its market listing?

HDB Financial Listing Performance
Shares of HDB Financial settled at ₹840.25 on the NSE, up 13.55% from its IPO price range of ₹700–740 per share. The listing outperformed grey market expectations of an 8–10% gain. On both NSE and BSE, the listing price stood at ₹835—a 12.84% premium—indicating strong investor demand and positive momentum.

The ₹12,500 crore IPO witnessed robust interest, concluding with a 16.69 times subscription, particularly driven by institutional investors. On debut, the company’s total market capitalization reached ₹69,758.27 crore.

Analyst Views: Buy, Sell, or Hold?
Prashanth Tapse, Research Analyst at Mehta Equities, recommends buying on dips, especially for those who missed out during the IPO phase. He believes HDB is “well-placed for a structural credit upcycle in India” and suits investors with a 3-5 year investment horizon.

Narendra Solanki, Head of Fundamental Research at Anand Rathi, advises holding the stock for the long term. With a diversified loan portfolio and strong pan-India presence, Solanki sees HDB Financial as a solid long-term NBFC play.

“The company has a diversified loan book across enterprise, consumer, and asset financing. With over 1,771 branches and 60,000+ employees, it’s well-positioned for continued growth,” he noted.

Long-Term Growth Potential
HDB Financial, a subsidiary of HDFC Bank, is expected to benefit from its parent’s reputation, customer base, and operational synergies. The successful IPO and encouraging listing performance reflect confidence in India’s credit growth story and NBFC sector stability.

Despite high competition, HDB’s consistent profitability, expansive footprint, and experienced management make it a promising stock in the NBFC space, especially amid favorable macroeconomic conditions and expected policy support.

With a strong market debut, HDB Financial appears poised for long-term growth. Investors with allocation can consider holding, while new entrants may consider accumulating on dips. As with all equity investments, long-term patience and strategic entry points are key.

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trump

Tensions between former allies Donald Trump and Elon Musk have taken a dramatic turn. Following the tech billionaire’s fierce criticism of Trump’s proposed “Big Beautiful Bill,” the former US president suggested he might consider deporting Musk — a naturalised citizen originally from South Africa. The unexpected threat underscores growing divisions over electric vehicle (EV) subsidies, national debt, and political loyalty.

The Trigger: Trump’s ‘Big Beautiful Bill’ vs. Musk’s EV Advocacy
Elon Musk has publicly slammed Trump’s flagship legislative proposal, the “Big Beautiful Bill,” for eliminating federal support for electric vehicles. Musk, CEO of Tesla and SpaceX, has not only criticised the bill’s economic impact but also warned that it would undermine the U.S. EV industry, inflate national debt, and restrict innovation.

“He’s losing his EV mandate,” Trump said in a sharp response, adding, “Elon can lose a lot more than that.”

Musk has gone so far as to threaten political retaliation, vowing to back electoral challenges against any lawmakers who support the bill. In a growing show of resistance, he has even floated the idea of founding a new political faction — the “America Party” — if the bill passes.

Trump’s Retort: Deportation and DOGE Threats
When asked by reporters whether Musk’s citizenship status could be reconsidered due to his vocal opposition, Trump replied cryptically:

“I don’t know. We’ll have to take a look.”

He then made a bizarre reference to turning the Department of Government Efficiency (DOGE), a satirical agency Musk once led, against the billionaire:

“We might have to put DOGE on Elon… DOGE is the monster that might have to go back and eat Elon.”

The comments appeared to be half-joking but were immediately picked up by media outlets and political commentators as a sign of escalating tensions.

Musk Responds: “So Tempting to Escalate”
Musk, who is known for his quick retorts on X (formerly Twitter), acknowledged Trump’s comments with restraint. Sharing a clip of the President’s remarks, he replied:

“So tempting to escalate this. So, so tempting. But I will refrain for now.”

Despite his measured tone, the post suggested Musk is weighing his next move carefully amid political pressure and media attention.

From Political Allies to Adversaries
Ironically, Musk was one of Trump’s largest donors in the 2024 election cycle and even served as a close adviser during the early days of the administration. He also led DOGE as a special government employee, tasked with cutting wasteful federal spending.

But as policy divides deepen, the rift between Trump and Musk appears to be widening into a full-scale public fallout.

What began as a policy disagreement over EV subsidies has morphed into a political power struggle between two of the most high-profile figures in American public life. Whether Trump’s deportation threat is serious or symbolic, it marks a significant fracture in a once-powerful alliance — and may shape the course of future debates around clean energy, national policy, and the political ambitions of Elon Musk.

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windows 12

Microsoft has officially paused the anticipated leap to Windows 12, confirming that the next major update will instead be Windows 11 Version 25H2. This update, set for release in the second half of 2025, signals Microsoft’s decision to refine its current operating system rather than pursue a new generation just yet.

Windows 11 Version 25H2: A Strategic Continuation
Rather than introducing a bold overhaul, Windows 11 Version 25H2 is described by Microsoft as an evolutionary step. Built on the same Germanium platform as its predecessor (24H2), it will be delivered as a lightweight enablement package — easy to install and intended to prolong system support with minimal user disruption.

“Today, Windows 11 version 25H2 became available to the Windows Insider community,” said Jason Leznek, Principal Product Manager at Microsoft, in a statement released on the Windows IT Pro blog.

The update restarts the 36-month support lifecycle for Enterprise and Education editions and renews the 24-month lifecycle for Pro variants, emphasizing servicing continuity and long-term deployment planning over flashy features.

What to Expect: Feature Speculation and Insider Testing
While the blog post was sparse on end-user features, early Insider builds hint at potential customisation improvements for the Start Menu and AI-assisted tools embedded in Settings. These additions, however, remain unconfirmed and may only appear in later preview releases.

The emphasis for now is on performance stability, compatibility, and supporting enterprise infrastructure. This measured rollout strategy underlines Microsoft’s “Windows as a Service” model, which has increasingly blurred the lines between version upgrades and cumulative updates.

No Windows 12—At Least Not Yet
Speculation around Windows 12 had been mounting in recent months, spurred by leaked vendor roadmaps and expectations of AI-driven operating system advances. But Microsoft has not confirmed the development of a next-generation OS. With 25H2 now slated for autumn 2025, any major transition to Windows 12 is unlikely to materialise before 2026.

This decision reflects Microsoft’s broader intent to prioritise support continuity over generational branding — a sentiment echoed across tech communities.

Industry Reactions: Lukewarm but Understanding
The tech community’s reaction has been subdued. Posts on platforms like Reddit and X (formerly Twitter) question the relevance of sticking to numerical versioning, especially as Microsoft’s update cadence increasingly mirrors service-based models rather than traditional OS cycles.

“Short of an entirely new platform, a new name feels unnecessary,” observed one developer.

While this conservative approach may not excite early adopters, it offers stability to enterprise users — a cornerstone of Microsoft’s current strategy.

By choosing to extend Windows 11 through Version 25H2, Microsoft signals a continued commitment to incremental, service-focused updates over sweeping generational changes. This approach favors enterprises and long-term users, even if it leaves enthusiasts waiting for the next big leap.

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ukraine-russia

In what Ukrainian officials have called the “most massive air strike” since the start of the war, Russia launched 537 aerial weapons overnight—including 477 drones and 60 missiles—targeting key infrastructure and residential areas across Ukraine. The unprecedented aerial assault left six civilians injured and claimed the life of a heroic F-16 pilot who downed seven enemy targets before crashing.

Aerial Barrage Unleashed
According to Ukraine’s air force, 249 enemy weapons were intercepted, and 226 were lost likely due to electronic jamming. However, the scale of the attack—utilising roughly 500 different types of aerial weapons including Iranian-made Shahed drones, ballistic, cruise, and glide missiles—was unparalleled.

“The Russians were targeting everything that sustains life,” said President Volodymyr Zelensky on X.

Heroic F-16 Pilot Dies in Action
Ukraine confirmed the tragic death of pilot Maksym Ustymenko, who destroyed seven aerial threats before his F-16 was hit and lost altitude. He was unable to eject in time.

“Today, he destroyed 7 aerial targets. My condolences to his family and brothers-in-arms,” Zelensky said, ordering a full investigation into the crash.

This marks the third F-16 loss for Ukraine since the war began.

Widespread Damage Across Regions
The assault impacted cities far from the frontline. In Cherkasy, six civilians, including a child, were wounded. In Kherson, one civilian died. Industrial facilities were targeted in Mykolaiv and Dnipropetrovsk. In Lviv, a fire broke out in Drohobych, damaging power infrastructure and residential buildings.

Three multi-storey buildings, a college, and critical infrastructure were damaged across multiple regions, including Smila, where a child was among the injured.

Poland Scrambles Jets, Regional Fallout
Poland’s air force scrambled aircraft to secure national airspace amid the chaos, indicating the potential for wider regional consequences.

Ukraine’s Call for Enhanced Defence
President Zelensky reiterated the urgent need for enhanced air defences, especially American systems.

“This war must be brought to an end — pressure on the aggressor is needed, and so is protection,” he emphasized.

He revealed that in just the past week, Russia had launched over 114 missiles, 1,270 drones, and nearly 1,100 glide bombs.

Russia’s largest aerial assault yet underscores the escalating intensity of the three-year war, as Ukraine continues to defend itself with dwindling resources. With increasing pressure on Western allies for stronger support, Zelensky’s plea for advanced air defence systems reflects the dire urgency of the moment.

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spc

Group Captain Shubhanshu Shukla, the first Indian to board the International Space Station (ISS), described Earth as “borderless” and India as “much larger than shown on maps” during a video call with Prime Minister Narendra Modi. This historic moment not only marks India’s expanding space presence but also builds momentum toward the upcoming Gaganyaan Mission, set to send Indian astronauts into space by 2027.

Astronaut’s View: Earth Without Borders
Speaking from the ISS with the Indian flag in the backdrop, Shukla expressed awe at the view of Earth, emphasizing a profound realization of global unity.

“India looks beautiful and much larger than how it appears on maps. From here, there are no countries, only humanity. The Earth is our shared home,” he told PM Modi in the live-streamed interaction.

Prime Minister Modi lauded the sentiment, saying Shukla’s journey from India to space represents a new era of scientific and national achievement.

Mission Gaganyaan: India’s Next Leap
Calling Shukla’s space journey “the first step” toward India’s human spaceflight project, Modi affirmed the government’s dedication to building an Indian space station and eventually landing an Indian astronaut on the Moon.

“Your experience will be vital for our future missions. Mission Gaganyaan will take strength from your observations,” the PM stated.

The Gaganyaan mission, currently planned for 2027, aims to send Indian astronauts into low-Earth orbit aboard an indigenous spacecraft developed by ISRO.

A Glimpse of Life in Space
During their candid exchange, Shukla shared details of daily life aboard the ISS, including challenges of weightlessness, floating in microgravity, and the joy of sharing Indian food like gajar ka halwa and aam ras with international crew members.

“Despite all the preparation, adjusting to weightlessness still takes effort. I’ve had to tie my feet down just to speak to you,” Shukla quipped, prompting a chuckle from Modi.

The astronaut will spend 14 days in space conducting observational studies relevant to India’s future crewed missions.

India’s ₹548 Crore Investment in Space Diplomacy
Shukla’s journey is part of the Axiom-4 commercial space mission, which includes three first-time astronauts. India invested ₹548 crore in the mission, aimed not only at technology acquisition but also at strengthening India’s role in global space exploration.

“This journey is not just to space; it’s a leap toward Viksit Bharat,” said PM Modi, referencing India’s 2047 vision for development.

Group Captain Shubhanshu Shukla’s journey to the ISS is more than a personal achievement—it is a symbol of India’s growing ambitions in space. His insights and experiences will directly inform the Gaganyaan mission and future Indian ventures in orbit and beyond. As Modi stated, India’s eyes are now set on building its own space station and stepping on the Moon.

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HDFC Bank shares surged to an all-time high of ₹1997.90 on June 26, buoyed by robust investor demand for the HDB Financial IPO and optimism surrounding the banking sector’s performance in FY2025–26. Analysts suggest that the value unlocking from HDB Financial’s listing and a strong fiscal outlook are key drivers behind the rally.

HDB Financial IPO Spurs Investor Confidence
India’s largest private lender saw its stock rise nearly 1%, extending a three-day gaining streak. This rally coincides with the ongoing IPO of HDFC Bank’s non-banking finance arm, HDB Financial Services, which opened for subscription on June 25.

As of 10:35 AM on June 26, the IPO had garnered a healthy 45% subscription overall, with the non-institutional investor category already at 95% subscription. HDFC Bank is expected to raise around ₹10,000 crore by offloading its stake in HDB Financial via an Offer for Sale (OFS).

“The market seems to view the HDB Financial IPO’s valuation quite favourably,” said market analyst Avinash Goranshkar. “This one-time gain will likely reflect in the April–June quarter, and that’s one reason the stock is up.”

Strategic Value Unlocking and Retained Control
This IPO marks a long-awaited value unlocking from HDB Financial, which analysts and investors had been anticipating since last year. Although ₹10,000 crore may be a small fraction of HDFC Bank’s overall balance sheet, the listing changes the narrative around the bank’s long-term potential.

“HDFC Bank retaining control of HDB Financial means it will now benefit from the market cap uplift that wasn’t reflected earlier,” Goranshkar explained.

The bank’s early investment in HDB has yielded an impressive 1495% return, highlighting the value of the subsidiary now becoming visible in the public domain.

Broader Sectoral Strength in FY26
Beyond HDB Financial’s IPO, HDFC Bank’s share price also reflects growing optimism about the Indian banking sector. With expectations of strong infrastructure investment from both government and private entities, banks are projected to benefit from increased credit demand.

“We are likely to see significant infrastructure investment… This will increase the overall demand for funding from banks,” said Goranshkar.

Recent regulatory measures, including RBI’s interest rate adjustments, have also improved the outlook for non-banking financial companies (NBFCs), further strengthening HDFC Bank’s position given its presence in both banking and NBFC domains.

Conclusion:
The rally in HDFC Bank’s share price underscores investor enthusiasm not just for HDB Financial’s IPO but also for the bank’s strategic positioning and the broader sectoral upswing. With value unlocking, regulatory tailwinds, and credit growth on the horizon, the banking sector—led by giants like HDFC Bank—appears set for a strong FY2025–26.

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Elon Musk has unveiled a bold plan to retrain his artificial intelligence chatbot Grok, aiming to create a cleaner, corrected version of human knowledge. Through Grok 3.5, Musk seeks to address what he perceives as ideological bias in mainstream AI systems, setting the stage for a significant shift in how generative AI is trained and deployed.

Grok 3.5: Musk’s Mission to Rewire AI Foundations
In a series of posts on X (formerly Twitter), Musk described Grok 3.5 as a tool with “advanced reasoning” capabilities, which he intends to use to overhaul the base of human knowledge.

“We will use Grok 3.5… to rewrite the entire corpus of human knowledge, adding missing information and deleting errors,” he stated.

This retraining effort reflects Musk’s broader campaign against what he labels the “ideological mind virus” — a term he uses to critique what he sees as political or cultural bias in current AI models, particularly ChatGPT.

Synthetic Data and Supercomputing Power
Launched in February 2025, Grok 3 is available via X Premium Plus and the xAI platform. It’s powered by Colossus, xAI’s supercomputer, which was built in less than nine months using Nvidia GPUs and over 100,000 hours of processing time.

Grok is trained primarily on synthetic data, which Musk argues allows the model to reduce hallucinations and enhance factual accuracy. The chatbot

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Indian equity markets plummeted on Monday following the United States’ targeted airstrikes on Iranian nuclear facilities, which triggered renewed fears of regional instability and energy supply disruption. The Sensex fell over 800 points in early trade, while the Nifty declined nearly 250 points, as global markets reacted sharply to the escalating Middle East crisis.

Market Impact: Heavy Sell-Off Across Sectors
At 9:45 AM, the BSE Sensex was down 800 points at 81,560, and the NSE Nifty stood at 24,859. The Indian stock market mirrored a global sell-off as investors rushed to reassess risk amidst rising geopolitical tensions.

Top losers on the Sensex included major tech and FMCG stocks such as:

  • Infosys
  • HCL Technologies
  • TCS
  • Hindustan Unilever

Meanwhile, Bharat Electronics Ltd and Bharti Airtel emerged as the few gainers, benefiting from rising interest in defense and telecom amid global uncertainty.

Energy and Oil Price Shock Looms
The immediate concern driving investor panic is the possibility of energy supply disruption. Oil prices spiked over 2%, reaching their highest levels since January. The potential closure of the Strait of Hormuz — a strategic chokepoint through which nearly 20% of global crude oil passes — could destabilise energy markets.

Iran, the world’s ninth-largest oil producer, has reportedly threatened to shut the Strait in retaliation, prompting sharp reactions across global financial and currency markets.

Currency and Global Markets React
The Indian rupee dropped 17 paise to ₹86.72 against the US dollar as oil import concerns weighed on investor sentiment. Asian indices in Tokyo, Seoul, and Hong Kong also opened in the red, while US stock futures were down 0.5% during pre-market hours.

Expert Views: Volatility Expected, But Buying Opportunities May Emerge
While fears are widespread, market experts suggest the long-term impact may be limited if diplomatic efforts resume quickly.

“If the Strait of Hormuz is closed, it will impact Iran and its ally China more than anyone else,” said Dr. VK Vijayakumar of Geojit Financial Services, advising that the broader outlook still supports a ‘buy on dips’ approach.

Devarsh Vakil of HDFC Securities noted that Nifty’s immediate support has shifted to 24,800 points, advising caution in the short term.

Background: US Strikes on Key Iranian Sites
Early Sunday morning, US bomber jets struck three major Iranian nuclear facilities — Fordow, Natanz, and Esfahan — after Tehran refused to engage in talks unless Israel halted its aggression.
Satellite imagery has confirmed structural damage at the targeted sites, though intelligence analysts speculate that nuclear stockpiles may have been moved beforehand.

The sites are reportedly capable of enriching uranium up to 60%, dangerously close to weapons-grade levels. While Iran claims the programme is peaceful, the US and Israel strongly disagree, maintaining that Tehran must not be allowed to develop nuclear weapons.

The US-Iran conflict has pushed global markets into a new phase of uncertainty, with investors bracing for oil price shocks, currency volatility, and regional instability. While the Indian market may stabilise if the situation de-escalates, the risk of broader contagion looms if tensions continue to spiral.

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A dramatic escalation in Middle East tensions unfolded as the United States conducted airstrikes on three suspected Iranian nuclear sites, prompting a fierce retaliation from Iran. Within hours, Tehran launched at least 40 missiles targeting Israel — including its most powerful Khorramshahr-4 missile — marking one of the most significant flare-ups in the ongoing conflict.

US Airstrikes Target Iranian Nuclear Facilities
According to reports, US bomber jets struck three high-value Iranian sites believed to be linked to Tehran’s nuclear ambitions. Though details remain classified, the targets are understood to include facilities central to uranium enrichment and nuclear weapons development. The strikes signaled a major shift in Washington’s posture, following weeks of deliberation over potential intervention.

Iran Responds with Khorramshahr-4 Missile Attack
The Iranian Revolutionary Guard Corps (IRGC) confirmed the launch of over 40 missiles in retaliation, including the Khorramshahr-4 — Iran’s most formidable missile with a 2,000-km range and a 1,500-kg payload capacity. Iranian state TV broadcasted footage of the missile, claiming it had been deployed in today’s assault.

Also known as Kheibar, the missile is capable of carrying multiple warheads and is named after the city of Khorramshahr, a historic site from the Iraq-Iran War. Its alternate name references a fortress seized in the 7th century — further underscoring the symbolic dimensions of the strike.

Civilian Impact: Tel Aviv Under Attack
Missiles struck several civilian areas in northern Tel Aviv, including a shopping centre, a bank, and a salon. An NDTV journalist on ground reported shattered storefronts, broken gates, and glass strewn across the streets. Rescuers confirmed at least 11 injuries so far.

One local resident recounted how his first-floor home was destroyed in the blast. Fortunately, he was unharmed, having left for his mother’s home earlier.

Emergency Response in Full Swing
Israeli security and emergency agencies have sealed off affected zones and deployed earthmovers to clear debris. Several streets remain closed as responders manage the aftermath of the attack.

The back-to-back strikes by the US and Iran mark a dangerous new phase in an already volatile region. With powerful missiles and strategic assets now in play, the risk of a full-scale war has risen significantly — making international mediation and de-escalation efforts more urgent than ever.

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As the Israel-Iran conflict intensifies, US President Donald Trump has expressed skepticism over the feasibility of a ceasefire. While voicing support for peace talks, Trump admitted that Israel’s strikes on Iran would be “very hard to stop,” highlighting the complexities surrounding diplomatic intervention in an escalating regional conflict.

Trump: Ceasefire Difficult as Israel Gains Upper Hand
Speaking to reporters, Trump emphasized that the current momentum in Israel’s military operations makes it difficult to halt hostilities. “Israel’s doing well in terms of war. And I think, you would say that Iran is doing less well,” he said. “It’s a little bit hard to get somebody to stop.”

While acknowledging that ceasefire discussions are ongoing, Trump stressed that progress is complicated by the battlefield dynamics. “If somebody is winning, it’s a little bit harder to do than if somebody is losing,” he remarked.

US Position: Support for Talks, No Immediate Military Action
The White House recently stated that Trump sees a “substantial chance of negotiations” and has requested more time to assess whether US forces should directly intervene. “We’re ready, willing and able, and we’ve been speaking to Iran, and we’ll see what happens,” he added.

Trump’s comments indicate a cautious approach, balancing diplomatic engagement with strategic hesitation on military involvement.

Contradiction on Iran’s Nuclear Intentions
Addressing comments made earlier by US Director of National Intelligence Tulsi Gabbard — who claimed Iran was not actively developing nuclear weapons — Trump firmly rejected the assertion. “She’s wrong,” he said, questioning the validity of US intelligence assessments.

His remarks came amid growing concern over Iran’s Fordo nuclear facility, a heavily fortified uranium enrichment site. Trump has delayed a decision on whether to strike the facility, citing the need for further analysis and clarity on Iran’s intentions.

Israel’s “Preemptive” Strikes on Iran
Israel launched strikes on Iran on June 13, calling them “preemptive” and aimed at halting Iran’s alleged nuclear weapons development. While Iran insists its nuclear program is for civilian purposes, doubts persist in both Israeli and US strategic circles.

Trump’s latest remarks reflect a volatile and unpredictable geopolitical situation, with military dynamics, intelligence disagreements, and diplomatic complexities all at play. While the US publicly supports a ceasefire, the on-ground reality — with Israel gaining momentum — makes peace a challenging proposition in the near term.

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