Boeing, USFAA notify fuel switch locks are ‘safe’ amid probe; Tech & more

Market regulator Securities and Exchange Board of India (SEBI) has confirmed that global proprietary trading firm Jane Street has deposited ₹4,843 crore in an escrow account, as directed by them in an interim order on July 3.

“They have further stated that this action has been undertaken by them without prejudice to their rights and remedies, which remain available to them in law and equity,” the regulator said in a statement on its website.Additionally, Jane Street has further requested SEBI that certain conditional restrictions imposed under the interim order be listed and that SEBI issue appropriate directions in that regard.

Morgan Stanley has initiated coverage on India’s four largest pharmaceutical companies by market capitalisation — Sun Pharmaceutical Industries, Lupin, Dr. Reddy’s Laboratories (DRL), and Cipla — collectively referred to as the “P4.”

Looking at the earnings growth, quality of growth, a chronic-focussed India business, strong balance sheet and a healthy speciality pipeline, the brokerage sees Sun Pharma as the leader among the P4 and has assigned it the only ‘Overweight’ rating.Morgan Stanley has a price target of ₹1,960 on Sun Pharma, implying a 17% upside from Friday’s closing levels.

Q1 Results Live Updates: HCL Technologies, Tata Technologies, Ola Electric Mobility, and Rallis India are among the key companies set to announce their June quarter results on Monday, July 14.Several other names, including Authum Investment & Infrastructure, Benares Hotels, Citadel Realty and Developers, Den Networks, Esaar India, GG Automotive Gears, Gowra Leasing & Finance, GSB Finance, Hathway Bhawani Cabletel & Datacom, Indergiri Finance, Infomedia Press, Kesoram Industries, Kiran Syntex, Nelco, RGF Capital Markets, Royal India Corporation, Sambhv Steel Tubes, Sharp Investments, Space Incubatrics Technologies, Shree Steel Wire Ropes, and Tejas Networks, will also declare earnings.

American jet maker Boeing and the United States Federal Aviation Agency (USFAA) recently notified that the fuel switch locks used in flight are safe, as per a report from Reuters. This comes at a time when the fuel switch lock mechanics have come under scrutiny amid the ongoing investigation into the Air India AI 171 crash.

The investigation into the Air India AI 171 crash by the Aircraft Accident Investigation Bureau (AAIB) released its preliminary report on July 12.

According to the Reuters Report, while the FAA admitted that the fuel switch lock system used in many jets, including the Boeing models, is similar, they are not “unsafe”.On the back of this reported notification, jet maker Boeing also refrained from issuing any directive on the system.This preliminary report into the disaster has focused on the simultaneous fuel cutoff, which meant that both engines’ fuel cutoff switches transitioned from RUN to CUTOFF, all within the span of one second of each other.

Shares of One97 Communications, parent company of payments aggregator Paytm, were sold by retail investors during the April-June period, shareholding data on the Bombay Stock Exchange for the most recent quarter discloses.

At the end of the June quarter, Paytm has 8.93 lakh small shareholders, or those with authorised share capital of up to ₹2 lakh. This figure is lower than the 9.45 lakh shareholders that the company had at the end of the March quarter.In percentage terms, retail shareholding in Paytm fell to 9.73% from 10.41% at the end of the March quarter. This is the fifth straight quarter of retail shareholding declining in Paytm. In March 2024, Paytm had a total of 12.05 lakh retail shareholders.

Gold prices climbed to their highest level in three weeks on Monday (July 14), as renewed trade tensions boosted safe-haven buying. Spot gold was up 0.2% at $3,361.19 per ounce in early trade, after touching its strongest since June 23.

US gold futures rose 0.4% to $3,376 an ounce.In India, gold traded at ₹99,880 per 10 grams for 24 karat purity, ₹91,550 for 22 karat, and ₹74,910 for 18 karat gold, according to Goodreturns data.Fresh concerns over global trade pushed investors back to gold. Over the weekend, US President Donald Trump threatened to impose a 30% tariff on imports from the European Union and Mexico starting August 1. The threat disrupted markets already on edge from stalled negotiations.

Silver prices in India touched all-time high on Monday (July 14). The metal surged to ₹115 per gram and ₹1.15 lakh per kilogram — the highest ever seen in the domestic market, according to Goodreturns data.

Globally, spot silver rose 0.6% to $38.59 an ounce.Analysts point to strong industrial demand and tight supply. “Silver outshined most commodities last week, marking an all-time high on the domestic front and hovering near $40 on COMEX,” said Manav Modi, Senior Analyst, Commodity Research, Motilal Oswal Financial Services.Silver prices often follow gold’s trend. But this time, the white metal has outperformed gold. In June, silver gained more momentum due to robust industrial use and underinvestment in mining.

Have you ever considered yourself an expert user of your smartphone? The reality may be quite different. Regardless of whether you use an Android or an iPhone, smartphones have undergone several small upgrades over time, and some features can often be hidden.

Whether you use an Android or an iPhone, here are 10 hidden smartphone settings that everyone should be aware of in 2025. With these tips for iPhone and Android users, you can get even more out of your device in 2025.

Hidden settings for Android devicesGoogle Assistant

Users can now easily streamline searches and let devices do the laborious tasks, thanks to the significant advancements in virtual assistant software. Saying “Hey Google” will activate Google Assistant. Users can customise it to just respond to their voice commands and change the settings to activate it from the lock screen.

India’s ambitious ₹1 lakh crore Research Development and Innovation (RDI) Scheme is moving at “a very, very good pace” and could disburse its first tranche of funding within the next two to three months, according to Principal Scientific Adviser to the Government of India, Ajay Sood.”That’s our target,” Sood told CNBC-TV18 in an exclusive interview. “There is a lot of enthusiasm that we now have to convert into action. And we can’t do it alone—from the government, yes—but we need cutting-edge technology proposals from the private sector, from industry.”

AI is redrawing budgets, reshaping roles, and forcing companies to rethink how they hire, build, and grow. From mass layoffs at global giants to cautious adaptation in Indian IT, the shift is underway. But what does this mean for the future of work, and who’s really benefiting from the AI boom? Let’s find out.

We’ll see you tomorrow with another 11:11