
Top stocks in focus on July 1: IREDA, NHPC, NTPC Green, HUDCO, Bharat Electronics, Hindustan Copper and more
Aavas Financiers: Aquilo House Pte. Limited has been designated as the new promoter of the company.
IREDA: The Indian Renewable Energy Development Agency reported a 29% year-on-year increase in loan sanctions for Q1, amounting to ₹11,740 crore, compared to ₹9,136 crore a year ago.
United Breweries: The company introduced a new product, 'Amstel Grande' beer, in Karnataka, targeting the premium strong category.
Balaji Amines: Commenced commercial production of Isopropylamine at its Osmanabad manufacturing unit.
NHPC: Commissioned Phase IV (53.57 MW) of the Karnisar Solar Project, bringing total operational capacity to 214.28 MW out of a planned 300 MW.
HUDCO: Reported loan sanctions worth ₹33,904 crore and disbursements of ₹12,812 crore in the first quarter.
Thangamayil Jewellery: Opened new branches in Chennai as part of its retail expansion.
Timken India: Started commercial production at its new manufacturing facility in Bharuch, Gujarat.
Bharat Electronics: Secured additional orders worth ₹528 crore since the previous disclosure on June 20.
NCC: Received new orders worth ₹1,690.51 crore in June 2025, focused on the building division.
Apollo Hospitals: The board approved a scheme of arrangement involving Apollo Healthco, Keimed, and Apollo Healthtech.
Sona Comstar: Exploring the manufacturing of rare earth magnets in India, according to media reports.
Kalpataru Projects: Announced fresh orders valued at ₹989 crore across various segments.
HCL Technologies: Partnered with OpenAI to advance enterprise-scale artificial intelligence adoption.
NTPC Green Energy: Commissioned 32.8 MW of solar power capacity at the Khavda project site in Gujarat.
Astec LifeSciences: Launched a ₹249.35 crore rights issue priced at ₹890 per share.
ITI Ltd: Signed an agreement with BSNL for the ₹1,901 crore BharatNet Phase-3 project (NER-II package).
Godrej Industries: Increased its stake in Godrej Capital to 90.89% through a ₹285 crore investment.
Oil India and ONGC: Administered pricing mechanism (APM) gas prices revised upward to $6.75/mmbtu from $6.41/mmbtu.
SJVN: Began commercial operations of a 100.25 MW solar capacity, part of the 1,000 MW Bikaner project.
Hindustan Copper: Signed an MoU with Coal India for joint exploration of copper and critical minerals.
Gabriel India: Set to consolidate Anand Group's auto components businesses through a share swap arrangement.
Jet Fuel Price Update: Aviation turbine fuel (ATF) price in Delhi increased by ₹6,271/kl to ₹89,344.05/kl.
CG Power: Plans to raise ₹3,000 crore via a qualified institutional placement (QIP) following its highest-ever order win.
Bharat Forge: Board approved transfer of the defence business to Kalyani Strategic Systems through OCRPS worth ₹500 crore.
ESAF Small Finance Bank: Transferred ₹733.4 crore of non-performing and written-off loans to an asset reconstruction company for ₹73.34 crore.
Bank of India: Reduced its lending rates by 5 basis points across all tenors, effective July 1.
Uno Minda: Finalised the acquisition of 1.69 crore shares (49.90% stake) in UnoMinda EV Systems from FRIWO GmbH for ₹141.27 crore.
Torrent Pharmaceuticals: Anticipates completion of the ₹19,500 crore JB Pharma acquisition within 15–18 months.
Ashok Leyland: CEO of Switch Mobility, S Mahesh Babu, to step down effective August 31.
JK Cement: Declared a final dividend of ₹15 per share for FY25.
Can Fin Homes: Appointed Abhishek Mishra as Chief Financial Officer for a three-year term starting June 30.
Patel Engineering: Board to consider a debt issuance proposal at its meeting scheduled for July 3.
Wipro: Appointed Tulsi Naidu as chairperson of its nomination and remuneration committee.
Larsen & Toubro (L&T): Subsidiary L&T Energy Green Tech incorporated a new wholly owned arm, Panipat Green Hydrogen.
Hindustan Zinc: Disclosed contribution of ₹90,000 crore to the exchequer over the past five years, including ₹18,963 crore in FY25.
Grindwell Norton: Recommended a final dividend of ₹17 per equity share.
One Mobikwik Systems: Citigroup Global Markets Mauritius sold 4.43 lakh shares at ₹246.23 per share.
ASM Framework Updates: To be included in ST-ASM : Balaji Amines, Jai Balaji.
To be excluded from ST-ASM : Avantel, Dam Networks, Premier Explosives.
To be included in LT-ASM: Orient Bell.
Price Band Revision:
Diamond Power: Revised from 10% to 5%.
Dividend Ex-Dates Today: Cera Sanitaryware: ₹65 per share.
JSW Infrastructure: ₹0.8 per share.
Polychem: ₹20 per share.
Dividend Ex-Dates Tomorrow: Bharat Seats: ₹1.1 per share.
Sika Interplant: ₹2.4 per share.
Other Corporate Developments: Sigachi Industries : A fire incident at the Hyderabad facility resulted in one fatality; plant operations suspended for 90 days.
Gensol Engineering: Keya Vimal Salot sold 3 lakh shares at ₹42.32 per share.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Miami Herald
5 hours ago
- Miami Herald
VW's Coupe-Styled EV Could Be Dead in Two Years
The first half of 2025 has been kind to Volkswagen's EVs, with the automaker seeing an increase of around 47 percent in sales. Despite that, the automaker is reportedly considering cutting one of its longer-running electric models due to unimpressive sales numbers. VW is reportedly looking to cut the ID.5 as soon as 2027, which would mark the seven-year point in its lifespan. The coupe-styled electric SUV never made it to the U.S., and in Europe, buyers have favored the larger, more practical ID.4. Volkswagen is not considering a follow-up for the ID.5. The ID.5 also forms the basis for the Ford Capri, which went on sale last year and immediately had its production numbers cut back due to "rapidly deteriorating market conditions for electric vehicles," according to a Ford spokesperson. Volkswagen combines ID.4 and ID.5 sales, so it can be difficult to get solid sales numbers. That said, the two combined to become VW's best-selling EVs in the first half of 2025, followed by the ID.3. Audi's Q4 e-tron variants landed in a distant third place. Volkswagen is targeting and discontinuing slower-selling models, starting with the Passat a few years back and the Arteon more recently. The newer ID. Buzz electric minivan was slated to replace the Touran in other countries, but those plans were ditched due to lackluster demand. Like others in the industry, the German automaker has been forced to adapt as buyers' on-again, off-again EV demand makes it difficult to plan. Volkswagen also has headaches in China, where buyers are shifting toward domestic brands in high numbers. The company has seen strikes and other challenges in its European workforce as it looks to cut costs, with the auto workers' union saying the company "set fire to our collective agreements." Copyright 2025 The Arena Group, Inc. All Rights Reserved.

Business Insider
11 hours ago
- Business Insider
Patriot missile production is surging, but the demand is insatiable
American defense companies are cranking out Patriot interceptors at a record-breaking pace, but demand is surging. Russian missiles are stressing Ukraine's Patriots, leaving it scrambling for more ammo. Iranian missiles have put batteries in the Middle East to the test. Western Europe is realizing it needs to revitalize its depleted air defenses, and the US is recognizing that key stocks are running low and need to be not just refilled, but dramatically expanded. Amid global conflicts and growing worries in the West about a major conflict against a peer-level adversary, air defense missiles are in huge demand. It has driven the companies making the launchers, missiles, seekers, and more, defense companies like Lockheed Martin, Raytheon, and Boeing, to ramp up their production, but the demand is also up. And in a high-end fight, it could skyrocket. Surging production is battling surging demand Patriot batteries are made up of radar and control systems, launcher stations, and interceptor missiles, which altogether make up what is considered to be one of the world's best air defense systems. The weapon can effectively detect and intercept ballistic missiles, cruise missiles, drones, and aircraft. Last year, the US Army awarded Lockheed Martin, which makes the Patriot's PAC-3 MSE interceptor missiles, a contract to bring annual output to 650. It sat at 350 only a few years ago. Interceptor production hit a record-breaking 500 last year, and Lockheed Martin is on track this year to produce more than 600 PAC-3 MSEs for the first time. The company said there would be a "significant increase" for 2027. Meanwhile, Boeing is surging PAC-3 missile seekers, critical components that enable the Patriot system to identify, track, and intercept threats, and Raytheon, which makes Patriot radars and launchers, is boosting PAC-2 interceptor missile production. The global annual production of Patriot missiles is estimated to be somewhere around 850 to 880 per year, according to Fabian Hoffman, an air defense and missile expert at the University of Oslo. That number could hit 1,130 by 2027. Russia, far from the only adversarial nation the West is worried about, is estimated to be producing roughly 840 to 1,020 of its 9M723 Iskander short-range ballistic missiles and the air-launched Kh-47M2 Kinzhal short- to medium-range ballistic missiles a year. Those weapons are only two missiles in a vast arsenal. That imbalance leaves the West with a concerning math problem. Air defenders tend to need to fire two or three interceptors to reliably take out one incoming threat, making things even more complicated. Patriot isn't the only air defense game in town, but it's a key capability that could be stressed without deep stockpiles. Brian Kubik, vice president of PAC-3 programs at Lockheed Martin Missiles and Fire Control, told Business Insider that "Lockheed Martin recognizes the critical need for PAC-3 MSE, and we're working closely with the US Army and suppliers to increase our production rate to meet the worldwide demand." "Our robust infrastructure and supply chain provide a strong foundation for increasing production," he explained, adding that the company is "taking proactive steps and making internal investments to help support our suppliers, accelerate delivery, and decrease production roadblocks." Raytheon told Business Insider that "it's more important than ever to co-produce, co-develop, and collaborate to get the best capabilities to the field quickly." It said it has entered into new partnerships to increase production, is increasing its staff, and has also committed nearly $1B to secure critical materials from suppliers and ramp manufacturing for Patriot radars. The company said that "by the end of 2025, Raytheon, along with our suppliers, will accelerate delivery times for Patriot radars by 25%." Patriot GEM-T interceptor production will increase by 150% by 2028, it added. Hoffman cautioned that even if the West's production of missile interceptors, like the Patriots, exceeds Russian conventional ballistic missile production, "this will not solve Europe's problems." And for the US, the threat isn't Russia alone. The Pentagon is eyeing China's growing ballistic missile arsenal and recognizing that it is going to need substantial air defenses. American allies in the Pacific realize that, too. And foes in the Middle East can't be dismissed. Patriots are used by European allies, as well as allies and partner nations in Asia and the Middle East. There are 19 operators worldwide, and that means a lot of competing demand, especially with some nations at war. The West's increased production is starting at a time when interceptor stockpiles appear to be running low in the West, putting extra pressure on production efforts. The challenge in fixing the problem is that the Patriot missiles and batteries take time to make, and in that time, immediate demands compete heavily with stockpiling needs for future fights. Thomas Laliberty, Raytheon's president of land and air defense systems, said last year that "it takes us 12 months to build a Patriot radar, but it takes us 24 months to get all the parts." Meeting global demand often means pulling from existing stockpiles, for both launchers and missiles alike. Strained stockpiles The Pentagon rejected a report from The Guardian last month that said that the US only has about 25% of the Patriot interceptors it needs. Pentagon spokesperson Lt. Col. Bryon McGarry told Business Insider that "the US military has what it needs to fight and win any mission, anywhere, anytime." At the beginning of last month, however, the Pentagon abruptly paused weapons shipments to Ukraine, including Patriot interceptors, amid concerns about US weapons stockpiles. The move was reportedly triggered by Elbridge Colby, the undersecretary of defense for policy and someone who has long been deeply vocal about insufficient US readiness for war with China. Trump reversed the decision on military aid but changed how weapons are being provided to Ukraine, putting cost and stockpile burdens on European allies while the US handles production. Prior to that back-and-forth, the president commented on the Patriots during a press conference, telling a Ukrainian journalist that while the US might be able to get additional systems to Ukraine, "they're very hard to get." "We need them too," Trump said in late June. Though the Pentagon rejected assertions that there is a problem, US officials have previously suggested that there is at least strain. US Navy Adm. Samuel Paparo, the head of US Indo-Pacific Command, said last year that the fighting in the Middle East and Ukraine was eating into the US stockpile, pulling assets away that would be needed in a fight in his priority theater. The admiral said that "to say otherwise would be dishonest." Gen. James Mingus, the vice chief of staff of the Army, said earlier this month that US Patriot battalions as "a very stressed force element." David Shank, a retired Army colonel and the former commandant of the Army Air Defense Artillery School at Fort Sill, Oklahoma, shared with The War Zone that the US was short on Patriot interceptors even in 2021, before Russia's full-scale invasion of Ukraine. The war, he explained, has exacerbated longstanding problems with missile stockpiles. There's a clear effort underway to expand US Army stocks as the service aims to quadruple its purchase of interceptors, from 3,376 to 13,773, with a substantial $1.3 billion investment in Patriot missiles, a move that reflects repeated calls from experts and officials for far deeper magazines. What conflicts are showing about the need for air defenses Recent conflicts, specifically the massive missile and drone attacks in Ukraine and in the Middle East, are driving the new demand and showing how critical air defenses are in modern warfare. Ukraine has used its Patriots to protect cities and military infrastructure and to shoot down a Russian aircraft, but it's always in search of more batteries and interceptors. Germany has agreed to provide more, but only on the condition that the US replaces them in six to eight months. There's not enough capacity in existing stocks to easily spare. That means greater demand on producers. NATO is becoming increasingly aware of the value of air defenses. Its secretary general, Mark Rutte, said increased defense spending — an alliance push to spend 5% of GDP on defense — would support a huge "fivefold increase in air defense capabilities." He said that the way Russia is fighting shows why these weapons need to be a top priority. "We see Russia's deadly terror from the skies over Ukraine every day, and we must be able to defend ourselves from such attacks," he said.


Forbes
a day ago
- Forbes
Why The Best Salespeople Think Like Strategists, Not Search Engines
B.D. Dalton II, Lazy Overachiever, deal-maker, author and podcast host of Grow Sell and Retire, Director at Rockfine Group. In an era where ChatGPT can answer questions in seconds, I believe the real competitive advantage has shifted from having all the answers to asking the questions your competitors can't or won't. Remember when the "always be closing" mantra from Glengary Glen Ross ruled the sales world? Well, those days are dead, buried under an avalanche of AI-generated insights and instant Google searches. Instead, welcome to the era of ABQ: Asking better questions. But this isn't another soft-skill sermon. This is about weaponizing curiosity to create competitive advantages that AI can't replicate and competitors can't copy. The Instant Answer Paradox Your prospects know more about your product, competitors and options than ever before. They've already read the case studies, compared pricing and stalked your LinkedIn profile. By the time they're talking to you, they're not looking for information—they're looking for transformation. Yet I find that most salespeople are still playing the old game, armed with feature lists and benefit statements, wondering why their "consultative selling" feels like interrogation. The problem? We're asking the wrong questions. The Three Questions That Change Everything After analyzing what separates lazy overachievers from hard-working underperformers, I've identified three question frameworks that I see consistently unlock opportunities others may miss: "If we could solve [specific challenge] , what would you do with all that time, energy and focus you're currently spending on this problem?" Past understanding pain points, it's about understanding potential. I find that most salespeople focus on the cost of the problem. But smart salespeople focus on the opportunity cost of not solving it. When a CEO tells me they'd "finally focus on strategic planning instead of putting out fires," I'm hearing their vision for growth and the transformation they're really buying. You can only save so much. Your job is to help find profit elsewhere. "If we could model your [process/approach] after any company from a completely different industry, who would it be and why?" This reveals their aspirational identity while bypassing industry tunnel vision. I once asked a struggling restaurant owner this question. His answer? "Amazon's fulfillment centers. They make complex logistics look effortless." That conversation led to implementing systems that transformed his operation. He wasn't buying software; he was buying his Amazon moment. "What's the one question your biggest competitor would love to know about your business?" This simultaneously reveals a leader's competitive advantages, strategic thinking depth and intelligence they're protecting. The follow-up then opens wallets: "How would strengthening this advantage change your market position?" The Real Job Description Your job isn't to sell products or services. Your job is to make your clients look smarter, better, faster and even freer. When you ask the energy redistribution question, you're showing them how to be faster by eliminating inefficiencies. When you explore their industry envy, you're helping them become better by adopting best practices from unexpected places. When you uncover their competitive intelligence, you're making them smarter about their own strategic advantages. And when you help them envision the transformation? You're offering them freedom—freedom from current limitations, freedom to pursue bigger opportunities, freedom to become the leader they aspire to be. Why ABQ Leverages What AI Still Can't Do Recent research from Apple reveals AI's persistent struggles with empathy, logic and rationalization. These are the exact skills that separate great salespeople from order-takers. Artificial intelligence can process information, but it can't process intention. It can analyze data, but it can't rationalize dreams with reality. It can provide answers, but it can't empathetically guide someone through the logic of transformation. This isn't about competing with AI; it's about leveraging the uniquely human capabilities that AI can help amplify. When you ask better questions, you're using empathy to understand unspoken needs to help prospects justify the transformation they already want. In my experience, the questions above work because they're not seeking information—they're seeking transformation. They're about finding out who your prospects want to become. A Guide To Implementation Here's some ways to implement ABQ by leveraging AI for research while reserving the human touch for transformation. Before the meeting: • Use AI (and other sources) to research their industry's transformation stories and pain points. • Identify and research their competitors to understand the competitive landscape. • Identify two to three companies from other industries facing similar challenges. • Let AI help you map potential energy redistribution scenarios based on their business model. During the conversation: • Lead with curiosity informed by intelligence, not information dumps. • Build off AI-gathered insights to ask deeper, more relevant questions. • Position yourself as the architect of their transformation, not the researcher of their industry. • Let your preparation show through question quality (again, not data regurgitation). After the meeting: • Reference their aspirational comparisons in your proposal. • Use AI to help craft compelling narratives around their transformation journey. • Frame your solution as their bridge to that evolution, supported by industry intelligence. The New Sales Reality In a world where information is abundant but transformation is rare, I believe the salespeople who will thrive are those who can help prospects envision and achieve their next level of evolution. Your competitors are still asking about budget, authority, need and timeline. While they're collecting data points, you'll be collecting transformation stories. Overall, it's time we recognize that our prospects don't need another vendor with answers. They need a partner with questions—the right questions that unlock possibilities they hadn't considered. The future of sales is about asking the questions that make your competitors' answers irrelevant. In an age of instant answers, the right questions are your ultimate competitive advantage. "What question would make your prospects forget about your competitors?" Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?