Business
Delayed monsoon may weigh on auto demand, but long-term outlook stays strong: Aditya Shah
Rural Demand May Slow, But Auto Story Remains Positive
The Nifty Auto index came under pressure amid concerns that a delayed monsoon could hurt rural demand, affecting tractor and two-wheeler sales.
Shah believes the market will eventually factor in the impact of a weaker monsoon, but says the broader growth story for the sector remains intact.
“The market will adjust to this reality, and a deficient monsoon is something that we are looking at. Having said that, I believe the auto sector, barring this short-term problem, will continue to do well,” he said.
He prefers Mahindra & Mahindra and Eicher Motors among OEMs, while highlighting Sona BLW and Motherson as stronger long-term opportunities in the auto ancillary space.
“The real juice, the real delta is in the auto ancillary space… Over the longer period, I remain positive first on the auto ancillaries and then on the OEMs,” he said.
EV Theme Is a Long-Term Opportunity
Discussing the Delhi government’s new EV policy and incentives, Shah said electric mobility remains a structural investment theme, although infrastructure challenges will slow adoption in the near future.
“EV is not a short-term play. It is a long-term play,” he said.
He identified TVS Motor, Ather, Tata Motors, Mahindra, and Sona BLW among the companies best positioned to benefit from the transition.
“Sona BLW, where 70% of its revenue is linked to the EV side of the market, will continue to do well… Over the next three to five years, EV is a good theme to play,” he said.
Kotak Mahindra Bank Offers Long-Term Value
Shah believes the valuation reset in Kotak Mahindra Bank reflects uncertainty around the leadership transition after founder Uday Kotak’s exit.
However, he sees the correction as an attractive entry point for long-term investors. “This one-and-a-half to two times price-to-book is the area to buy Kotak Bank,” he said.
He added that the bank’s strong asset quality remains a key positive despite the ongoing management transition.
Banks Continue to Be a Preferred Sector
Shah expects banking sector loan growth of around 10-15% in FY27, assuming geopolitical risks ease and inflation remains under control.
He remains positive on private sector banks and SBI while also seeing turnaround opportunities in select microfinance lenders.
“Private sector banks together with SBI will remain a growth pick… For FY27, I am positive on the banks,” he said.
Chemicals, Pharma and EPC Also Stand Out
Beyond financials, Shah continues to favour chemicals, pharmaceuticals and EPC companies, particularly those that have corrected meaningfully.
He named Deepak Nitrite, Vinati Organics, Apcotex Industries, Laurus Labs, Divi’s Labs, Neuland, and Syngene as companies worth tracking, while also seeing value in reasonably priced EPC contractors.
“Chemicals and pharma continue to be my top picks… Banks continue to be my top pick, while the microfinance space is where a lot of alpha can be created,” he said.
Business
Yen at 40-year lows despite intervention warnings; Fed policy in focus

Yen at 40-year lows despite intervention warnings; Fed policy in focus
Business
Warriors Secure Kristaps Porzingis With Two-Year $40 Million Extension Ahead of Free Agency
SAN FRANCISCO — The Golden State Warriors have agreed to a two-year, $40 million contract extension with center Kristaps Porzingis, keeping the 7-foot-2 Latvian big man off the free-agent market and in the Bay Area through the 2027-28 season, according to multiple reports.
The deal, which includes a player option for the second year, was first reported Monday night by ESPN’s Shams Charania. Agent Jeff Schwartz of Excel Sports Management confirmed the terms to ESPN. It comes just days before Porzingis would have entered unrestricted free agency.
Porzingis, acquired by the Warriors midway through last season, appeared in 15 games for Golden State, averaging 16.1 points, 5.2 rebounds and 1.2 blocks in 24 minutes per contest. His addition provided frontcourt depth, though injuries and integration limited his overall impact as the Warriors finished 37-45 and missed the playoffs.
The extension represents a step down from Porzingis’ previous two-year, $60 million deal with the Boston Celtics, which expired after the 2025-26 season. That contract followed his role on the Celtics’ 2024 championship team. Financially prudent for Golden State, the new pact allows the franchise flexibility as it navigates a critical offseason.
Porzingis’ journey to Golden State involved multiple moves. Originally drafted fourth overall by the New York Knicks in 2015, he has played for six teams in his 10-year NBA career. After stints with the Knicks, Dallas Mavericks and Washington Wizards, he joined the Celtics, contributed to their title run, and was later traded to the Atlanta Hawks in a three-team deal. The Warriors acquired him from Atlanta in exchange for Jonathan Kuminga, who became a free agent after the Hawks declined his option.
For the Warriors, retaining Porzingis addresses one immediate need in a frontcourt that has faced questions. The team has been linked to high-profile targets like Anthony Davis and even LeBron James amid speculation about roster upgrades. Draymond Green opted out of his contract, adding further uncertainty to the veteran core.
General Manager Mike Dunleavy Jr. and the front office have emphasized building around Stephen Curry while blending youth and experience. Porzingis’ shooting ability from the perimeter — career 36.4% from three-point range, though he shot 31.1% in limited action with Golden State — complements the Warriors’ motion offense and spacing needs.
Injuries have been a recurring theme in Porzingis’ career, including significant time missed with knee and Achilles issues. However, when healthy, he provides elite rim protection and floor spacing as a stretch big. His presence could prove valuable if the Warriors pursue additional star power this summer.
The deal comes at a pivotal time for Golden State. After missing the postseason, the franchise faces pressure to return to contention in the loaded Western Conference. Curry remains the cornerstone, but supporting pieces like Porzingis are crucial for balancing the roster.
Porzingis expressed excitement about continuing in Golden State in recent comments, though specific quotes from the extension announcement were not immediately available. His adaptability across teams highlights his professional approach amid frequent transitions.
League-wide, the extension avoids what could have been a competitive bidding process for Porzingis in free agency. Several contending teams were expected to show interest in the veteran center, known for his size, skill and defensive versatility.
For Porzingis, the agreement provides stability after years of movement. Selected as an All-Star in 2021 with the Wizards, he has averaged double figures in scoring throughout much of his career while evolving into a reliable playoff contributor.
The Warriors’ offseason strategy appears focused on targeted additions rather than wholesale changes. Retaining Porzingis checks one box as they evaluate options in free agency and potential trades. The second-year player option gives both sides flexibility depending on performance and team direction.
Financially, the $40 million deal averages $20 million annually, a reasonable figure for a player of Porzingis’ caliber entering his 30s. It fits within the team’s salary structure as the NBA’s collective bargaining agreement continues to influence roster construction leaguewide.
Porzingis’ international experience also adds value. A standout for Latvia, he has represented his country in FIBA competitions, bringing global perspective to the locker room.
As training camp approaches in the fall, Porzingis is expected to compete for a starting role or significant minutes alongside emerging frontcourt players. His chemistry with Curry and other guards will be a key storyline.
The announcement provides some clarity for Warriors fans amid broader uncertainty. While rumors of blockbuster moves persist, locking in Porzingis signals commitment to the current core.
NBA insiders note that such mid-tier extensions often serve as building blocks for deeper roster maneuvers. Golden State’s front office has a history of creative cap management, dating back to their dynasty years.
Porzingis joins a list of recent veteran additions aiming to revitalize the franchise. His ability to stretch the floor could open driving lanes and create opportunities in an offense that thrives on ball movement.
Health remains the biggest variable. If Porzingis can stay on the court for a full season, his production could help push the Warriors back into playoff contention.
The deal was completed before the start of free agency, allowing the team to focus on other priorities. With the salary cap situation in flux across the league, securing Porzingis at this price point is viewed as a positive step.
League sources indicate both sides were motivated to reach an agreement quickly to avoid the uncertainties of the open market. For Porzingis, returning to a familiar system after a brief tenure made sense.
As the NBA offseason heats up, this extension is one of the first significant moves of the period. It sets the tone for what could be an active summer in the Bay Area.
Warriors fans can look forward to Porzingis donning the blue and gold for at least two more seasons, with the potential for more depending on the player option. His journey from lottery pick to championship contributor to veteran stabilizer continues in Golden State.
The franchise, eager to rebound from a disappointing campaign, hopes this commitment pays dividends on the court. With Curry entering another year as one of the league’s elite, supporting talent like Porzingis will be essential.
Further details on the Warriors’ plans are expected in the coming days as free agency looms. For now, Porzingis’ return provides a foundation to build upon.
Business
WhatsApp to let people chat with usernames – how to reserve one
The secure messaging app Signal introduced an identical service in 2024, external.
“It is a good feature, but even if it does offer more privacy, remember WhatsApp is not a privacy-friendly app overall,” said Carisa Veliz, a professor at Oxford University and author of Privacy is Power.
“It collects much metadata about users for marketing purposes.
“We have to remember that WhatsApp is owned by Meta – one of the tech companies with the worst track records when it comes to privacy.”
WhatsApp does not use the content of private chats for advertising. Those are protected by end-to-end-encryption, meaning the firm cannot read the contents of messages.
But it does use data – such as your general location and basic account information such as age – to support advertising.
Once the feature is fully rolled out, individual phone numbers will no longer be visible on WhatsApp.
There will be no public username directory, and phone numbers will still be required in order to have a WhatsApp account in the first place.
Some have raised concern that usernames could open the door to more scams on the platform.
The company told one X user, external who asked about safeguards to protect users against scammers that it has “multiple layers of defense in place”.
It said optional username keys – short numbered codes – can be added, which would mean people can only contact you if they have your username and its key.
It added that its systems “detect and block abuse patterns”.
The minimum age for using the platform is 13, and messaging apps will not be included in the UK’s upcoming social media ban for under 16 year olds, due to be implemented next year.
WhatsApp recently announced Kunal Shah, the founder of an Indian fintech start-up, would be taking over as head of the platform – with Will Cathcart stepping down after seven years in the role.
Business
TAT welcomes EVA Air’s new Washington DC service as North America access to Thailand expands
EVA Air’s new Washington DC–Taipei service enhances U.S.–Thailand travel, offering convenient connections and promoting quality tourism through TAT’s “Value over Volume” approach, highlighting wellness and cultural experiences.
EVA Air’s New Route Boosts Travel to Thailand
Bangkok, 29 June 2026 – The Tourism Authority of Thailand (TAT) celebrated the launch of EVA Air’s new route connecting Washington Dulles International Airport to Taiwan Taoyuan International Airport. This service enhances one-stop travel options from North America to Bangkok and other Thai destinations. The route operates four times a week, starting from 26 June 2026, with flight durations ranging from 15 to 16 hours, providing a convenient gateway for travelers from the U.S. and Canada via Taipei.
Enhanced Connectivity Between North America and Thailand
EVA Air expands its North American network with the Washington DC–Taipei service, complementing its existing Thailand–Taiwan routes. The airline offers up to 32 Bangkok–Taipei flights weekly during its Summer 2026 schedule, with a flight time of around four hours. Additional connections include services to Chiang Mai and Phuket, broadening access to Northern and Southern Thailand. This connectivity supports travel from the U.S. to key Thai destinations through EVA Air and its partners.
Marketing Thailand’s Unique Travel Experiences
TAT emphasizes the importance of air connectivity in developing long-haul markets and reaching quality visitor segments. The Washington DC–Taipei service, operated by a 278-seat Boeing 787-9 Dreamliner, strengthens travel links from a major U.S. gateway. TAT’s “Value over Volume” approach focuses on quality travel, responsible tourism, and enriching visitor experiences. Under the theme “Healing is the New Luxury,” Thailand is promoted as a year-round destination offering wellness, culture, nature, and meaningful local connections.
Source : TAT welcomes EVA Air’s new Washington DC service as North America access to Thailand expands
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