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BSE has issued a critical advisory to market participants following a cybersecurity alert from the Indian Computer Emergency Response Team (CERT-In), which highlights an ongoing cyber threat campaign specifically targeting organizations within India's Banking, Financial Services, and Insurance (BFSI) sector.The advisory serves as a precautionary measure, urging market participants to bolster their cybersecurity defenses against potential high-impact cyber-attacks, including ransomware, supply chain intrusions, Distributed Denial-of-Service (DDoS) attacks, website defacements, and malware."Market participants are particularly advised to take precautionary measures on potential cyber risks including high-impact cyber-attacks such as ransomware, supply chain intrusions, DDoS attacks, website defacement and malware," a circular stated.Precautionary Measures for Indian Market ParticipantsThe advisory urges market participants to take immediate action in response to the ongoing cyber risks. The following steps are recommended:Ensure Security Controls: Review security controls to ensure they comply with the SEBI Cyber Security and Resilience Framework (CSCRF), as per the latest guidelines issued on 20th August 2024.Conduct Risk Assessments: Identify vulnerabilities and take corrective measures to mitigate risks.Strengthen Security Monitoring: Enhance system security monitoring and update incident response plans to quickly address any potential breaches.Leverage Threat Intelligence: Act on the threat intelligence and advisories released by CERT-In and the National Critical Information Infrastructure Protection Centre (NCIIPC).Increase Threat Hunting: Proactively search for potential threats within networks and systems.Report Incidents: Ensure timely reporting of any cyber incidents to the exchanges and regulators, as per prescribed timelines.This advisory follows heightened tensions after India struck nine terror-related targets in Pakistan and Pakistan-administered Kashmir (PoK) using precision munitions.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

India’s decision to slash tariffs on UK-made cars to whiskey as part of a sweeping trade pact could create a line of winners, including Jaguar Land Rover and Diageo Plc.The Free Trade Agreement, announced Tuesday after three years of negotiations, will make it cheaper for UK firms to sell their whiskeys, cars, auto parts, cosmetics, biscuits, clothes and electrical machinery in the world’s most populous nation. Indian exporters to the UK will benefit from lower levies on 99% of products and services.The deal saw India opening up some of its most protected sectors — cars for instance — and sets a precedent for other trade pacts under discussion, including with the European Union and the US. Such bilateral agreements also provide a cushion against the tariffs pain inflicted by US President Donald Trump.UK-India Trade by Commodity and ServicesThe trade pact might kick in after a year, DBS Bank Ltd. Economist Radhika Rao wrote in a May 7 note. Bilateral commerce is expected to nearly double in a few years from $21 billion in the year ended March 2024, she wrote.As exporters and companies await the fine print of the deal, here’s a quick list of probable winners and losers:AutomobilesWhile the reduced tariffs — from 110% to 10% — will start with fossil fuels-fed cars, these will eventually be extended to the electric and hybrid vehicles over a 10-year timeline, according to information on the UK government website.The UK will also offer Indian carmakers the opportunity to export these technologies to that country, with similar riders.Beneficiaries may include JLR and other luxury brands with factories in the UK such as Bentley, Aston Martin, Vauxhall and Mini. 120986925Domestic carmakers like Mahindra & Mahindra Ltd. and Maruti Suzuki India Ltd., which have invested in EV, may feel the pinch. It is unclear how these concessions will be structured and what price threshold will apply to a quota of cars that can be imported with these lower tariffs.While this is the first time India has taken steps to liberalise its nascent EV market, it has stopped short of handing UK carmakers an immediate low-cost entry, giving local firms some runway to bulk up.Liquor MakersWhiskey and gin tariffs will be halved to 75% before settling at 40% by the 10th year of the deal, according to the pact’s terms. In 2022, India imported over £200 million ($266 million) worth of whiskey from the UK, paying duty at the rate of 150%.Diageo, which makes Johnnie Walker whiskey and Tanqueray gin, may gain from this. Shares of its Indian unit, United Spirits Ltd., jumped as much as 2.8% on Wednesday.The treaty will enable “improved accessibility and choice of scotch for the Indian consumers” in the world’s largest whiskey market, Praveen Someshwar, managing director at Diageo India, said in a statement.Elara Capital’s Karan Taurani said the duty reduction will see prices of these drinks falling by 15%-20%, and will make premium spirits more accessible to Indian buyers.The duty cuts could have a small negative impact on homegrown liquor brands such as Royal Ranthambore, marketed by Radico Khaitan Ltd., according to Taurani. Its shares slipped 3.6%. “Domestic players focused on upper prestige and above may see short-term aberration in growth,” he said.Textile MakersClothes are the second-largest export to the UK from India, with the South Asian nation shipping £900 million worth of goods in 2024.The removal of tariffs will enhance India’s competitiveness against countries like Bangladesh and Vietnam, according to the Federation of Indian Export Organisations.Apparel retailers such as Marks and Spencers and Primark are expected to shift sourcing to India from Bangladesh after this deal, according to P Senthilkumar, a partner at Vector Consulting.Gokaldas Exports Ltd. and Welspun Living Ltd. rose 12% on Wednesday while Indo Count Industries Ltd. advanced 11.3%.Medical DevicesIndian exporters would be able to sell medical devices at a lower cost in the UK.This includes cardiac, orthopedic implants, syringes, blades, blood bags and glucometers as well as its wearables to the UK at a lower cost, Rajiv Chhibber, joint coordinator at the Association of Indian Manufacturers of Medical Devices, told Bloomberg News.UK-based companies would be able to increase supply of electronic goods such as Magnetic Resonance Imaging machines, slicers, cancer therapeutics to India, he added.Financial Services“The deal will secure UK companies’ ability to deliver financial services to clients in India,” the UK government said on its website.India and the UK agreed to cooperate and innovate on financial technology services, particularly developing an efficient environment for cross-border payments. That is expected to ease international payments for tourists, students, businesses and investors.

1. Bhool Chuk Maaf Theatrical Release Cancelled Amid India-Pak Tensions, Rajkummar Rao Film To Premiere On OTT Ne  Times Now
2. Rajkummar Rao, Wamiqa Gabbi's Bhool Chuk Maaf Postponed, To Now Release On OTT. Details Inside  NDTV
3. Rajkummar Rao’s ‘Bhool Chuk Maaf’ CANCELS theatrical release amid rising India-Pakistan tensions  Times of India
4. 'Spirit of the nation comes first': 'Bhool Chuk Maaf' makers choose direct OTT release amid rising India-Pak tensions  Deccan Herald
5. Wamiqa Gabbi’s Bhool Chuk Maaf skips theatres, heads to OTT – Here’s the real reason  123telugu.com

1. Operation Sindoor: Punjab, Rajasthan go on high alert, leaves cancelled, schools shut  The Economic Times
2. 3 military targets in Rajasthan on Pakistan’s radar last night, how is the state preparing?  The Indian Express
3. Borders Sealed, Missiles Ready: Rajasthan, Punjab Alert After Op Sindoor  NDTV
4. Schools in Punjab closed for two days amid rising border tensions, check details  India TV News
5. Indo-Pak tensions: Educational institutions in Kashmir parts to remain closed till May 10, says DSEK  Greater Kashmir

1. Tata Motors shares rise 3% as Trump likely to announce trade deal with UK  Moneycontrol
2. Wall Street today:S&P 500, Dow Jones, Nasdaq surge on hopes of US-UK trade deal  Mint
3. Trump to unveil United Kingdom trade deal, first since 'reciprocal' tariff pause  CNBC
4. Trump Administration to Announce Trade Deal With Britain  The New York Times
5. Trump announces a trade deal with UK, making it US' first bilateral agreement after slapping tariffs  The Economic Times

1. China's Xi Jinping in Russia for Victory Day amid exchange of fire with Ukraine  Hindustan Times
2. Putin and Xi Rebuke U.S. and Vow to Strengthen Ties  The New York Times
3. China’s Xi vows to stand with friend Putin against ‘hegemonic bullying’  Al Jazeera
4. 'Russia-China not opposed to anyone': Xi tells Putin ahead of May 9 celebrations in Moscow  Times of India
5. Xi hails ‘confident’ China-Russia ties as Putin welcomes ‘dear friend’ to Kremlin  The Guardian

1. OnePlus 13R discount alert: Grab the deal and get the smartphone under Rs. 40,000  Indiatimes
2. OnePlus 13R gets a big discount in OnePlus Summer Sale, and you get Buds 3 totally free  India Today
3. The upgrade you’ve been waiting for: OnePlus 13R now available for an unbeatable price  Times Now
4. OnePlus 13R available for under Rs 40,000 on Flipkart: Check deal details here  digit.in
5. The OnePlus 13R shows OnePlus still needs to figure out budget phones  Pocket-lint

Tata Chemicals shares climbed as much as 2.2% on Thursday to Rs 844.3 on the BSE after the company reported a consolidated net loss of Rs 56 crore for the quarter ended March 31, significantly lower than the Rs 850 crore loss in the same period last year.Revenue for the March quarter rose marginally by 1% year-on-year (YoY) to Rs 3,509 crore, compared to Rs 3,475 crore in Q4FY24, amid continued pricing pressure across geographies.EBITDA declined 26% YoY to Rs 327 crore from Rs 443 crore in the year-ago quarter. The EBITDA margin also contracted to 9.3% from 13.8%, driven by rising costs.The company’s board has recommended a dividend of Rs 11 per share (110%) for FY25, subject to shareholder approval at the 86th Annual General Meeting (AGM). If approved, the dividend will be paid within five days of the AGM, after deducting applicable taxes.Also Read:5 timeless Warren Buffett quotes every investor should knowTata Chemicals’ board has also approved a proposal to raise up to Rs 200 crore through term loans and/or the issuance of non-convertible debentures (NCDs) via private placement. An internal committee has been authorised to finalise the terms and execute the plan.R. Mukundan, Managing Director & CEO of Tata Chemicals, said, “Market conditions remain challenging even as India continues to grow, while China, the US, and Western Europe are witnessing slight declines due to reduced demand for flat and container glass. In other regions, Asia (excluding China and India) and the Americas (excluding the USA) have robust demand, while a slight decline is observed in Africa.”“Though the demand-supply balance is softening, tariff uncertainties will continue to weigh on the market. However, the medium- and long-term outlook remains positive, driven by sustainability trends,” he added.Also Read: Stocks in news: L&T, Titan, Asian Paints, Coal India, Dabur, Kfin TechTata Chemicals share price targetAccording to Trendlyne data, the average target price for the stock is Rs 826. The consensus recommendation from seven analysts is a ‘Sell’.Tata Chemicals share price performanceOn Wednesday, Tata Chemicals shares closed 1.25% higher at Rs 826.3 on the BSE, while the Sensex rose 0.13%. The stock is down 20% year-to-date and 26% over the past six months. The company’s market capitalisation stands at Rs 21,050 crore.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)