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SCHD ETF Surges 19.84% YTD as Dividend Stocks Outpace Growth—July 10
SCHD ETF returns 19.84% YTD with $13B inflows as dividend stocks beat S&P 500. 0.06% expense ratio, 3.3% yield. Meyka grades it B/Hold with $32.45 target.
Vedanta Oil & Gas Falls 9.5% on Q1 Production Update—July 10
Vedanta Oil & Gas shares fell 9.5% on July 6 after Q1 production update. The demerged entity faces headwinds from MSCI deletion and passive fund outflows amid broader Vedanta Group volatility.
Apollo Micro Systems Acquires 41% of Premier Explosives for ₹1,550 Cr—July 10
Apollo Micro Systems acquires 41% stake in Premier Explosives for ₹1,550 crore. Deal combines defense electronics with missile propellants, creating integrated defense manufacturer.
South Indian Bank MD Appointment: Mahesh Pai Gets RBI Nod, Stock Falls 9%
RBI approves Mahesh Muralidhar Pai as South Indian Bank MD & CEO from October 1, 2026. Stock tumbles 9% despite leadership transition. Board approval scheduled July 16.
Tokyo Prosecutor Under Investigation for Inappropriate Relationship With Suspect—July 10
Tokyo’s Supreme Public Prosecutors Office is investigating a 48-year-old prosecutor for an inappropriate relationship with a suspect he questioned in the LDP funds scandal. The pair allegedly stayed in a government hotel room.
NVDA Stock Hits 7-Year Low Valuation After $1 Trillion Loss—July 10
Nvidia stock falls to 18x forward P/E, lowest since 2019, after $1 trillion market cap loss. Bank of America rates it a Buy; 95% of analysts agree.
Dow Jones Falls 1.5% on July 8 as Iran Tensions Push Oil Above $80
Dow Jones fell 1.5% on July 8 as Trump ended Iran ceasefire, oil jumped to $80, and the IMF cut global growth forecasts to 3% amid geopolitical risks and inflation pressure.
Rajnath Singh to Inaugurate Lucknow-Kanpur Expressway on July 13, 2026
Defence Minister Rajnath Singh inaugurates 63-km Lucknow-Kanpur Expressway on July 13. Car tolls rising from ₹95 to ₹115. Project cost ₹4,700 crore with six lanes and trauma centre.
Cochin Shipyard Share Price Falls 3% After Government OFS Ends—July 9
Cochin Shipyard shares fell 3% after government divested 5.04% stake via OFS at ₹1,400 floor price. Unions protested, citing privatisation fears as government stake drops to 62%.