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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.
Kusumgar IPO Closes July 10: 6.31x Subscribed, ₹160 GMP—What Investors Need to Know
Kusumgar IPO closes 6.31x oversubscribed with ₹160 grey market premium. Price band ₹398–₹419. Listing July 15 on NSE and BSE. Check subscription status and key dates.
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.
Meta’s $13B Alberta Data Centre: What It Means for Investors
Meta to invest $13 billion CAD in its first Canadian data centre in Sturgeon County, Alberta. The 1-gigawatt facility will create 3,000 construction jobs and 300 permanent roles, generating $250 million annually for the province.
Treasury Scraps Harriet Tubman $20 Bill Plan on July 9, 2026
Treasury Secretary Scott Bessent says the Trump administration is not pursuing plans to put Harriet Tubman on the $20 bill, ending a decade-long effort that began under Obama.
Nigeria’s Fake Agency Scandal: $950K Fraud Probe Ordered—July 9
Nigeria’s president orders probe into fake agency allegedly set up in his office with $950,000 in public funds. Man accused of forgery and impersonation is in hiding.
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.
Micron (NASDAQ: MU), Samsung, and SK Hynix Poised to Benefit as Memory Sales Reach Record $74.6 Billion
Global memory chip sales hit a record $74.6 billion in May 2026, driven by explosive AI demand. Micron, Samsung Electronics, and SK Hynix control the vast majority of that market. Micron shares closed at $948.80 on July 8, 2026, up 1.11% for the day. DRAM and NAND contract prices have surged more than 50% quarter-on-quarter…
Apple Supplier Luxshare (SZSE: 002475) Falls 9.6% After HK$24.27 Billion Hong Kong IPO Debut
Luxshare Precision Industry, one of Apple’s largest suppliers, got off to a disappointing start on the Hong Kong Stock Exchange despite completing the city’s biggest IPO of 2026. On 9 July 2026, the company raised HK$24.27 billion, but its shares dropped as much as 9.6% on the first day of trading. The sharp decline caught…