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HinduBusinessLine
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Top gainers & losers today, 9 July: Bajaj Finance, HUL, UltraTech Cement gain; HCLTech, Tata Steel, Reliance decline
- The NSE Nifty 50 closed 0.18% lower at 25,476.10, while the BSE Sensex ended 0.21% down at 83,536.08.
- Trading was volatile and subdued due to the Bharat Bandh strike with the Nifty ranging from 25,424.8 to 25,548.7.
- Top gainers included Bajaj Finance, HUL, UltraTech Cement, and Mahindra & Mahindra, while HCL Technologies, Tata Steel, and Reliance were among the top losers.
- Investors are advised to monitor corporate earnings and global developments in upcoming sessions amidst cautious market sentiment.
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HinduBusinessLine
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Chai Bisket raises $5 million seed round to launch short-form OTT platform
- Chai Bisket has raised a $5 million seed round to launch a regional-first, mobile-only OTT platform focusing on delivering premium micro dramas in 2-minute episodes for Gen Z and Tier 2/3 audiences.
- The platform will initially offer original content in Telugu and expand to multiple languages in the future to cater to a broader audience.
- Key angel investors backing Chai Bisket include Rana Daggubati, Swiggy co-founders, redBus founder, and others, aiming to bring a new dimension to short-form video through fiction storytelling.
- Chai Bisket aims to capitalize on the demand for microdramas in regional markets like Telugu, Tamil, Malayalam, and Kannada, with plans to launch over 100 original shows within the first six months of the platform's release.
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Fourweekmba
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The AI Stack Wars
- The AI industry in 2025 is experiencing a shift from a diverse ecosystem to a battle between vertically integrated giants.
- This transformation, driven by high infrastructure costs and competitive pressures, is termed the 'Great Convergence.'
- Companies in the AI space must expand across the entire value chain or risk extinction as the industry consolidates.
- By 2030, the AI landscape is expected to be dominated by 3-4 large vertically integrated empires, with smaller players absorbed or confined to niche roles.
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Bloomberg Quint
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IT Q1 Results Preview: Tier-2 Firms Likely To Shine Amid Stable Macro, Strong Deal Wins
- Tier-II IT firms are expected to outperform Tier-I companies in Q1 results, benefiting from sharper execution and focused vertical bets.
- Global macroeconomic environment appears stable with a strong pipeline of large deal wins, supporting optimism in the IT sector.
- Tier-I companies like TCS and Infosys are projected to see muted performance, whereas Tier-II companies such as Coforge and Persistent Systems are expected to post healthy growth.
- Analysts believe the divergence between Tier-I and Tier-II companies could widen if top players don't see an increase in client budgets, with expectations of a tech spending upcycle following stable macro conditions.
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Bloomberg Quint
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US Stock Markets Today: Dow Swings To Gains, Nasdaq Up 1% As Nvidia Hits $4-Trillion Market Cap
- US stocks opened higher on Wednesday with the Dow Jones Industrial Average rising by 0.7% and the Nasdaq Composite gaining 1%.
- The S&P 500 also rose by 0.66% as Nvidia hit a $4-trillion market cap, leading the surge.
- Nvidia, Boeing Co., and Microsoft Corp. were among the top gainers in early trade, while gold and crude oil prices fell.
- The Bloomberg Dollar Index remained stable, Bitcoin rose, and sectoral indices in the US market showed a mixed performance.
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Fourweekmba
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The Model Context Protocol Revolution
- In November 2024, Anthropic released the Model Context Protocol (MCP), which is aimed at transforming how AI applications are built.
- MCP provides a standardized way for AI models to connect to any data source or tool, similar to how USB-C created a universal standard for connectors.
- Before MCP, custom engineering projects were required for each AI integration, leading to complexity and inefficiencies.
- MCP standardizes interactions between AI systems and external tools, simplifying development, enhancing security, enabling dynamic tool discovery, and managing resources efficiently.
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TechBullion
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More Power in Less Space: Redodo 12V 165Ah Bluetooth Lithium Battery Drops to $309 During Prime Day Sale
- Redodo offers its 12V 165Ah Bluetooth Lithium Battery at a discounted price of $309 during the Prime Day Sale, helping users save $100.
- This compact Group 31 battery provides 2112Wh of energy and 2112W of power output, ideal for small RVs and off-grid setups, offering increased capacity and long-lasting performance.
- Utilizing LiFePO4 chemistry, the Redodo battery delivers 65% more capacity in the same form factor compared to traditional lead-acid batteries, while being significantly lighter at 33 lbs.
- The battery features a high 165A BMS for fast energy delivery, supports various heavy loads, and offers real-time insights via the Bluetooth 5.0 module and Redodo app.
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HinduBusinessLine
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DGCA introduces ranking system for pilot training schools
- DGCA introduces a ranking system for pilot training schools, based on safety, compliance, school performance, and other aspects.
- Schools scoring over 85% will receive an A++ rank, those with 70-85% will get an A rank, while schools below 50% will be ranked as B with a notice for self-analysis.
- The ranking system aims to enhance transparency, enforce regulatory compliance, and provide guidance to student pilots in selecting quality institutions.
- However, some training schools express dissatisfaction with the DGCA's move, suggesting the focus should be on regulatory implementation rather than ranking by the regulator.
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HinduBusinessLine
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Metropolitan Stock Exchange to raise ₹1,000 cr via pvt placement
- Metropolitan Stock Exchange plans to raise ₹1,000 crore through private placement by issuing up to 500 crore equity shares at ₹1 premium per share.
- The Board of Directors approved amending the Memorandum of Association to increase authorized capital for this purpose.
- The private placement of shares is contingent on approval by the company's members at an Extra Ordinary General Meeting.
- The proposed allottees of the shares include several entities like Peak XV Venture Partners Investments VII, Jainam Broking, and many others.
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Fourweekmba
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4
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The Era of Context Engineering
- The shift from prompt engineering to context engineering in AI applications is a fundamental transformation in how AI applications are built.
- Context engineering involves orchestrating entire information architectures for AI to operate autonomously and effectively.
- The evolution from prompt to context engineering is a significant architectural advancement, enabling sophisticated autonomous agents for multi-step reasoning.
- The analysis discusses the transition to context engineering accelerated by standardized protocols like the Model Context Protocol (MCP), marking a crucial shift in architecting intelligent systems.
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Fourweekmba
2w
21
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Your Brain on AI
- AI tools are becoming increasingly common, leading to a transformation in human cognition.
- The relationship between humans and technology is evolving, influencing how we think, remember, and solve problems.
- Contrary to the belief that AI makes us dumber, it actually shapes our brains to optimize the use of these tools for collective benefit.
- Research from MIT suggests that the impact of AI on our cognition goes beyond behavioral changes, resulting in a fundamental rewiring of our neural architecture.
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Fourweekmba
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329
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Meta’s Bid for Full-Stack AI Domination
- Meta attempted to poach top talent from OpenAI with $100 million cash packages but initially failed, as highlighted by Sam Altman.
- Meta successfully poached some top talent from OpenAI, including Alexander Wang, former co-founder of Scale AI.
- Meta's aggressive talent acquisition campaign involved $100 million signing bonuses, a $14.8 billion acquisition of Scale AI, and poaching researchers from OpenAI and Google.
- This move by Meta is not just about hiring but also about building full-stack AI capabilities rapidly and weakening competitors through talent drain.
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HinduBusinessLine
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156
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Mandatory registration for charities, hospitals, and universities
- The Corporate Affairs Ministry has introduced a new CSR-1 e-form for mandatory registration of entities conducting CSR activities for companies, effective from July 14.
- Companies meeting certain financial criteria must spend 2% of the average net profits from the previous three years on CSR as per Section 135 of the Companies Act.
- Entities such as charities, hospitals, and universities must now register using the new, clearer CSR-1 form before receiving CSR funds from companies.
- The new form aims to enhance transparency, regulatory oversight, and governance in CSR spending and follows recommendations for a more comprehensive monitoring framework.
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TechBullion
2w
281
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Power Queen 12V 125Ah LiFePO4: The Ultimate RV Power Upgrade
- The Power Queen 12V 125Ah LiFePO4 battery is introduced as the ultimate RV power upgrade, offering enhanced endurance, efficiency, and convenience for off-grid living and RV adventures.
- The new 12V 125Ah battery provides 25% more capacity than the 100Ah version without increasing its size, allowing for extended run times of essential appliances in the RV while maintaining storage space.
- Featuring smart low-temperature charging protection and Bluetooth monitoring for easy access to battery information, the Power Queen 12V 125Ah LiFePO4 ensures reliable performance in various climates and simplifies power management for users.
- With a focus on safety, longevity, and hassle-free maintenance, this battery is designed to last over 10 years with over 4000 deep cycles, offering a smart investment for RV owners seeking dependable power for off-grid adventures.
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Baystreet
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Starbucks’ China Operations Attract Bids Worth $10 Billion
- Starbucks has received bids for its China operations, valuing them at up to $10 billion U.S.
- Around 30 domestic and foreign private equity firms in China have submitted offers for a stake in Starbucks' Chinese stores.
- Starbucks may keep a significant stake in its China business and is evaluating the offers before shortlisting potential buyers.
- U.S. private equity firms Carlyle Group and KKR & Co. are among the companies interested in acquiring a stake in Starbucks' China business.
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