EdgeMode signs MOU to merge with BlackBerry AIF, form BLACK AI

Brokerages have initiated fresh coverage on several Indian stocks across metals, textiles, engineering and luxury retail, with mostly Buy ratings and double-digit upside targets. Firms like Meesho, Vedanta Aluminium, GE Vernova T&D and Welspun Living are seen as key beneficiaries of sectoral growth and structural demand trends.

Sales decline 20.53% to Rs 1499.61 crore

China’s factory-gate inflation reached its fastest pace in four years during June. Producer prices rose 4.1 percent year-on-year, driven by energy and commodity costs. However, consumer inflation slowed to 1.0 percent, reflecting weak domestic demand. Manufacturers face rising costs but struggle to pass them onto consumers. This uneven recovery highlights export strength against domestic economic…