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Torrential rains in Texas Hill Country led to devastating flash floods, claiming 24 lives and leaving many missing, including girls from Camp Mystic. Hundreds were rescued by boat and helicopter as desperate families sought information. The Guadalupe River surged to record levels, overwhelming communities. Residents recounted harrowing escapes, with some finding refuge in trees and attics.
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News and Media
President Trump signed a divisive tax and spending bill into law amid Fourth of July celebrations, marking a significant legislative victory. The bill extends tax cuts, reduces social programs, and increases immigration enforcement, sparking criticism over its impact on lower-income individuals and the national debt.
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Microsoft has officially ceased its operations in Pakistan after 25 years, citing economic instability and political turmoil as key factors. The decision follows a period of declining trade conditions, high taxes, and difficulties in tech imports. Former President Alvi linked the exit to missed investment opportunities due to regime change, highlighting a shift towards Vietnam for expansion.
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CA Rudramurthy BV advises buying on dips in Nifty until it stays above 25,000, with 25,200 as strong support. He suggests similar strategy for Bank Nifty above 56,000, anticipating positive Q1 results to drive market highs. Top sector picks include Defence (BEL, HAL), Pharma (Divis Labs, Laurus Labs, Biocon), and PSU banks (SBI, PNB).
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Angel One shares: As of June 2025, the client base reached 32.47 million, marking a 31.3% increase year-on-year and a 1.6% rise from the previous month. Gross client additions for the month were 0.55 million, up 9.3% compared to the previous month but down 41.5% year-on-year.
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