Sanctioned Refiner Nayara Asks New Delhi for Shipping Help
Indian shipping companies pulled out of existing arrangements because protection and indemnity clubs refused to offer insurance coverage for their voyages, the person said, echoing comments made to Bloomberg News earlier. P&I clubs are dominated by Europe-headquartered entities that have to adhere to EU sanctions.
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Yahoo
13 minutes ago
- Yahoo
Here's Why Upslope Capital Management Reinitiated a Position in Evercore (EVR)
Upslope Capital Management, an investment management company, released its second-quarter investor letter. A copy of the letter can be downloaded here. The second quarter proved to be strong for the fund on both an absolute and relative basis due to strong performance backed by the market turbulence surrounding April's Tariff announcement. The fund returned +8.9% (net) in Q2 compared to +6.5% and +4.1% for the S&P Midcap 400 ETF (MDY) and HFRX Equity Hedge Index, respectively. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its second-quarter 2025 investor letter, Upslope Capital Management highlighted stocks such as Evercore Inc. (NYSE:EVR). Headquartered in New York, New York, Evercore Inc. (NYSE:EVR) is an investment banking company. The one-month return of Evercore Inc. (NYSE:EVR) was 4.77%, and its shares gained 29.92% of their value over the last 52 weeks. On August 12, 2025, Evercore Inc. (NYSE:EVR) stock closed at $307.88 per share, with a market capitalization of $11.884 billion. Upslope Capital Management stated the following regarding Evercore Inc. (NYSE:EVR) in its second quarter 2025 investor letter: "FTI Consulting (FCN) and Evercore Inc. (NYSE:EVR) – New Longs: Upslope has owned FTI Consulting (leader in restructuring and dispute advisory) and Evercore (top independent M&A advisor) in the past. The Fund recently re-initiated positions in each of these companies. While they are bets on polar opposite outcomes (Evercore is very pro-cyclical, while FTI is the most counter cyclical publicly traded company I follow), expectations for each appear modest. This was and remains especially true of FTI – although it's more understandable as the company is going through some turmoil (employee turnover/retention challenges) in one of its non-core segments. Nonetheless, the unique macro environment – on/off trade war, the very pro-cyclical 'One Big Beautiful Bill,' lingering inflation, massive regulatory and technological (e.g. AI) uncertainty and change – should ultimately provide significant opportunities for both businesses ahead." A close-up of a professional in a suit discussing financial transactions. Evercore Inc. (NYSE:EVR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 50 hedge fund portfolios held Evercore Inc. (NYSE:EVR) at the end of the first quarter, which was 44 in the previous quarter. Evercore Inc. (NYSE:EVR) reported adjusted net revenues of $834 million in Q2 2025 increased 21% from Q2 2024. While we acknowledge the potential of Evercore Inc. (NYSE:EVR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Evercore Inc. (NYSE:EVR) and shared the list of the best dividend stocks. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
14 minutes ago
- Business Wire
BM3EAC Corp. 2025 Semi-Annual Report
AMSTERDAM--(BUSINESS WIRE)--BM3EAC Corp. (the 'Company'), a special purpose acquisition company incorporated under the laws of the Cayman Islands as an exempted company with limited liability and listed on Euronext Amsterdam, the regulated market operated by Euronext Amsterdam N.V., today published its semi-annual report for the period 1 January 2025 to 30 June 2025. The semi-annual report can be downloaded from the Company's website via the following link: This press release contains information that qualifies as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. DISCLAIMER The Company's semi-annual report referenced in this announcement may include forward-looking statements, which are based on the Company's current expectations and projections regarding a business combination, the business, the economy and other future conditions of the Company and speak only as of the date hereof. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's business, results of operations, financial position, liquidity, prospects, growth or strategies. The Company shall have no obligation to update any forward-looking statements after the date of this announcement. This announcement is not for distribution or release, directly or indirectly, and should not be distributed in or sent into, the United States, Australia, Canada, Japan, the Cayman Islands or South Africa or any other jurisdiction in which such distribution or release would be unlawful or would require registration or other measures. This announcement does not contain or constitute an offer of securities for sale or an invitation or offer to the public for securities in any jurisdiction. In the EEA, this announcement is only directed at persons who are 'qualified investors' within the meaning of Article 2(e) of the Prospectus Regulation (EU 2017/1129) as amended. In the United Kingdom, this announcement is directed only at 'qualified investors' within the meaning of Article 2(e) of the Prospectus Regulation (EU) No 2017/1129 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.
Entrepreneur
14 minutes ago
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AI PCs: Why Adoption Is Still a Challenge In India
Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. The advent of AI PCs has marked a significant milestone in the evolution of personal computing, promising to reshape how we work, create, and connect. While AI PCs are beginning to make their mark in India, particularly within the enterprise and premium consumer sectors, we're still in the early innings of widespread adoption. What was initially seen as a futuristic concept has now started resonating with users, for features such as AI-assisted writing, image generation, performance tuning, and intelligent battery optimization. Counterpoint estimates that by the end of 2025, one-third of new PCs sold in India will have on device AI capabilities such as Generative AI or Agentic AI. However, this still remains a premium and high tier focus and yet to trickle down to the mass market. Currently, AI PCs are positioned in the premium category owing to the advanced chipsets, built-in Neural Processing Units (NPUs), and software innovations, particularly considering it as a new category. Over time, as volumes scale and the ecosystem matures, price points will gradually decrease, much like previous transitions in technology leading to better adoption. The Growth So Far Dell Technologies have been working on AI integration in PCs for over two decades, with purpose-built accelerators that enhance performance, productivity, and user experience. In April 2025, Dell Technologies launched its latest business AI PC lineup featuring the Dell Pro and Dell Pro Max series. "Today, in India, we believe AI will be a cornerstone in defining the next generation of computing. As users demand more intelligent, adaptive, and efficient solutions, AI PCs are becoming central to meeting these needs. Features such as real-time personalization, contextual responsiveness, and predictive performance are no longer optional; they are becoming the norm. And with the upcoming Windows 10 end of cycle in October, we anticipate a major refresh cycle across the market. This presents a pivotal opportunity for users to transition to AI-powered PCs, unlocking new levels of productivity and user-centric computing," said Indrajit Belgundi, senior director and general manager, client solutions group, Dell Technologies India. As adoption accelerates, Dell foresees AI becoming indispensable in computing, especially in a dynamic and diverse market like India, driving transformation across sectors and empowering users with smarter, more intuitive tools. Acer India expects exponential growth in the next two–three years. The shift from cloud-based AI to on-device AI is accelerating demand for hardware that can support these capabilities natively. Government initiatives, digital learning, remote work, and a rising creator economy are also contributing to this momentum. "At Acer, our AI PC range—led by devices like the Acer Swift 14 AI and Predator Helios AI—has seen strong momentum. This growth is a result of ongoing efforts to demonstrate how on-device AI can make everyday tasks smarter, faster, and more personalized. The market's positive response reinforces our view that AI PCs are not a passing trend, but a transformative evolution in personal computing, and we remain committed to driving awareness and meaningful engagement in this space," said Sudhir Goel, Chief Business Officer, Acer India. Acer is among the early movers in the AI PC space in India, and while the AI PC category is still evolving in terms of formal market share metrics, "We've carved a strong position across both consumer and gaming segments. Our focus so far has been on building awareness, educating customers about the practical benefits of on-device AI, and ensuring availability across key online and offline channels. Our share in AI PC within our portfolio will be in the early double digit," Goel added. Over the last year, specific user groups, especially creators and professionals have been expecting to do more with their devices. "Despite current penetration still being modest, expectations are for AI PC volumes in India to grow 8–10 times from today's levels by the end of this year as replacement cycles kick in and Windows 10 devices reach end-of-support," said Arnold Su, Vice President, Consumer and Gaming PC, System Business Group, ASUS India. ASUS has seen strong growth across the board and believes that it will drive the next product replacement cycle for PCs. In the consumer segment, it has achieved an 18.5 percent market share backed by a 21.9 percent Y-O-Y growth. AI PCs penetration is expected to double by next year, and globally, they are projected to make up nearly 50 percent of the market by 2027. Driving this momentum are hybrid lifestyles, government-led digitization, and India's thriving SMB sector. "Our OMEN range of PCs are also equipped with AI features to enable a better gaming experience. With in-built AI features like HP AI Companion - a chatbot for smarter productivity, and Poly Camera Pro with noise cancellation, auto framing, and clear audio, we're helping users reimagine how they work, create, and collaborate in the new era," said Vineet Gehani – senior director, personal systems, HP India. What To Expect From OEMs To expand its reach further, Acer is intensifying efforts across three pillars—awareness, accessibility, and advocacy. Through targeted digital campaigns, influencer engagement, and strategic pricing, Acer aims to drive broader adoption and make AI PCs a mainstream choice across user categories in the coming quarters. "We plan to scale up retail and experiential campaigns that demystify AI use cases for consumers, particularly in Tier 1 and Tier 2 cities. We are also working closely with platform partners, ecosystem players like Microsoft and Intel, and our own R&D teams to continuously evolve our product offerings with AI-first innovations," Goel explained. ASUS has already started making AI-ready devices available in the affordable category. Its Snapdragon-powered Vivobook 16 is among the AI-capable devices in the segment and was launched at an accessible price. "This is just the beginning, we're committed to expanding this portfolio further and ensuring that meaningful AI adoption is not limited to premium users alone. At ASUS, we've always believed in making next-gen technology more accessible for the wider market. We're not just focusing on premium users; our goal is to expand across price points and usage needs. On the product front, we are actively building richer and more intuitive user experiences with features like adaptive dimming and adaptive lock, which use AI to optimize screen usage and extend battery life by up to 40 percent," Su added. HP, with an AI PC portfolio, designed for enterprises, SMBs, creators, gamers, and everyday consumers, its latest OmniBook and EliteBook AI PCs—powered by high-performance NPUs delivering up to 55 TOPS— claims to bring intelligence and performance together. "We are also making AI PCs accessible across price points, ensuring that every audience—from students and SMBs to professionals and creators—can be ready for the future of work. With prices starting at INR 70,000, we are delivering innovation within reach for all segments of the Indian market," Gehani added. The Near Future According to IDC, by 2028, nearly 98 percent of all PCs are expected to be AI PCs equipped with NPUs that can run AI tasks directly on the device. This shift means faster performance, enhanced security, and improved energy efficiency, transforming productivity and collaboration. This shift will mirror what we saw with transitions to smartphones. Once the utility becomes evident and accessible, adoption accelerates quickly and this is already happening with AI PCs in India. India has seen a strong initial wave of interest translating into real adoption, especially among creators, working professionals, and students who are constantly multitasking or managing high-volume content workflows. However, this won't be without its challenges, "These models commanding a 10-15 percent price premium over traditional models is a significant barrier. Its visibility in offline retail channels—especially outside of major metro areas—is still limited, mostly dominated by older inventory with basic AI capabilities. To truly accelerate this market, we need to see more concerted efforts in trade, consumer education and the development of localized AI applications that clearly demonstrate the value of these devices to give instant ROI for the users purchasing an advanced AI PC," said Anshika Jain, senior research analyst, Counterpoint Research.
