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Moneyweb
6d
70
Gumtree and Wise Move simplify nationwide delivery for big buys
- Gumtree and Wise Move have partnered to simplify nationwide delivery for large items purchased online.
- Through the integration, Gumtree users can now easily book vetted movers via Wise Move for items like furniture, appliances, and vehicles.
- The partnership focuses on safety and convenience, leveraging Gumtree's ID verification and Wise Move's network of pre-vetted transport providers to enhance trust for buyers and sellers.
- This collaboration not only aims to make moving simple and safe but also supports small businesses by providing consistent access to new delivery jobs for owner-operated transport partners.
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Bloomberg Quint
6d
546
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AI 171 Crew Acted With Responsibility Under Challenging Conditions: AI Pilots' Grouping ICPA
- The crew of AI 171 flight acted responsibly under challenging conditions.
- Pilots should not be blamed based on speculation about pilot suicide.
- ICPA emphasizes pilots operate under high safety standards and mental fitness.
- Investigation into the crash of AI 171 flight is ongoing to uncover facts.
- ALPA India demands fair, fact-based inquiry and transparency in investigation process.
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Coinpedia
6d
62
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Next 100X Crypto Alert: Bitcoin Solaris Presale Gives Investors Second Chance at Bitcoin-Level Fortune
- Bitcoin Solaris, a new crypto project, is gaining attention for its presale offering investors a second chance at significant returns akin to Bitcoin's early successes.
- Bitcoin Solaris features a dual-layer blockchain with advanced features like fast block times, high throughput, and Rust-based smart contracts for scalability and privacy.
- The project enables mobile mining through the Solaris Nova App, making it accessible for users to mine BTC-S from various devices easily.
- With a fair tokenomics model and a limited-time price rollback during the presale, Bitcoin Solaris aims to attract investors looking for long-term growth and potential high returns.
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Bloomberg Quint
6d
198
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Axiom-4 Mission Returns On Monday: Time For Feasts, Farewells For Shubhanshu Shukla, Other Astronauts
- Axiom-4 mission crew, including Shubhanshu Shukla, set to return to Earth on Monday.
- Farewell and feasts planned as they complete research and prepare for splashdown.
- Astronauts shared diverse feast aboard ISS before journey back, showcasing unity in space.
- Shukla, first Indian on ISS, to undergo rehabilitation post-splashdown after historic mission.
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HinduBusinessLine
6d
177
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VIP Industries promoters to sell 32% stake in co to Multiples PE, 3 others
- Promoters of VIP Industries are set to sell 32% stake in the company to Multiples PE and three other entities.
- The stake sale involves selling up to 4.54 crore shares to Multiples PE, Samvibhag Securities, Mithun Padam Sancheti, and Siddhartha Sancheti.
- Certain buyers will also make an open offer to acquire an additional 26% stake in VIP Industries post the acquisition.
- The financial details of the transaction were not disclosed initially, and the acquirers will gain management and control of VIP Industries by nominating directors to the board.
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Bloomberg Quint
6d
119
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Travel Food Services IPO Listing On July 14: What GMP Indicates Ahead Of Debut
- Travel Food Services IPO, scheduled for July 14, had a Grey Market Premium (GMP) of Rs 25, indicating a potential listing day gain of 2.27%.
- The IPO received a decent response from investors, with QIBs subscribing 7.70 times, NIIs at 1.58 times, and retail investors at 69%.
- The GMP for Travel Food Services IPO is +25, suggesting a premium of Rs 25 in the grey market. The estimated listing price was Rs 1,125 apiece.
- Travel Food Services IPO price band was set at Rs 1,045 to Rs 1,100 per equity share, with the IPO consisting solely of an offer for sale worth up to Rs 2,000 crore by the Kapur Family Trust.
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Bloomberg Quint
6d
1.5k
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Record Housing Sales In FY25, Strong Launch Pipeline To Meet 'Aspirational Needs': DLF Chairman
- DLF Chairman Rajiv Singh stated that the company had record sales bookings and collections in the last fiscal year.
- DLF has a strong launch pipeline for housing projects to meet market needs and aims to launch properties worth over Rs 17,000 crore in the current fiscal year.
- The company's rental business, including offices, retail, and hospitality projects, is growing steadily with investments in new build-outs in multiple locations.
- DLF reported significant growth in net profit and total income for the 2024-25 fiscal year, with a target to sell housing properties worth Rs 20,000-22,000 crore in the next fiscal year.
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Bloomberg Quint
6d
132
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Agri Minister Asks States To Crack Down On Sale Of Fake Fertilisers, Warns Against Forced Tagging
- Union Agriculture Minister Shivaraja Singh Chouhan urges states to take action against sale of counterfeit and substandard fertilisers.
- States directed to monitor production, sales, and conduct sampling and testing to tackle the issue.
- Strict legal action, including license cancellations and FIR registration, to be taken against culprits to ensure conviction.
- 'Forced tagging of nano-fertilisers or bio-stimulant products, along with conventional fertilisers, should be stopped immediately,' emphasizes the minister.
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Bloomberg Quint
6d
119
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Fast-Fashion Delivery Startup Blip Shuts Down: 'Made Tough Choice...', Says Co-founder Ansh Agarwal
- Fast-fashion delivery startup Blip, based in Bengaluru, has been shut down, as announced by co-founder Ansh Agarwal citing limited capital and go-to-market challenges.
- Blip offered 30-minute doorstep delivery of fashion apparel and accessories, standing out for its unique model but faced difficulties in convincing stakeholders and implementing go-to-market strategies.
- The closure of Blip reflects the struggles faced by early-stage startups in the evolving Indian startup ecosystem, with factors including funding challenges and intense competition leading to closures of promising ventures.
- Ansh Agarwal expressed pride in Blip's achievements, acknowledged the need for quick-commerce verticalization, and thanked his co-founder, Sarvesh Kedia, while signaling readiness to move on to the next venture.
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Guardian
6d
91
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Turn empty London office blocks into ‘late-night party zones’, report suggests
- Amid struggles post-Covid, suggestions arise to convert empty London office blocks into late-night party zones to revitalize nightlife industry.
- Creative studio Bompas and Parr envisions financial districts in London as vibrant rave arenas after working hours.
- With reduced residential presence in financial districts like the City of London, noise complaints could decrease, potentially benefiting late-night venues.
- Conversations are ongoing about adjusting zoning rules to support nightlife and hospitality businesses in financial areas to address venue closures and industry survival challenges.
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TechBullion
6d
198
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BlockDAG’s BEAT VESTING PASS Unlocks 80% BDAG at Launch! Ethereum Approaches $3K & BONK Price Surges
- Ethereum climbs towards $2,850, though resistance may limit gains.
- BONK surges 66% due to major purchases, launchpad utility, and ETF talk.
- BlockDAG offers 80% BDAG at launch day through BEAT VESTING PASS.
- BDAG priced at $0.0016, showing significant growth potential from early buyers.
- BDAG allows immediate access for trading or staking compared to traditional release timelines.
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Livebitcoinnews
6d
318
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BlockDAG’s Hybrid Model Gains Speed With BEAT VESTING PASS Boost
- BlockDAG utilizes a hybrid model combining Directed Acyclic Graph (DAG) scalability with Proof-of-Work security for faster transactions and decentralized performance.
- Recently, BlockDAG introduced the BEAT VESTING PASS, allowing buyers to unlock 80% of their tokens immediately, diverging from traditional slow release schedules, attracting new participants.
- The hybrid system gives BlockDAG the advantages of both DAG speed and decentralized mining for secure transactions suitable for finance, IoT, and supply chains without congestion issues.
- With a successful presale raising over $337.5 million, BlockDAG offers the BEAT VESTING PASS until August 11, signaling a strategic move towards its global launch, backed by operational infrastructure and cultural partnerships.
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HinduBusinessLine
6d
62
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MOIL’s global play: India’s miner targets critical assets amid China’s restraint
- MOIL, an Indian miner, is in early negotiations for international assets to secure critical battery minerals like copper, nickel, and vanadium.
- They are considering deals with companies in Finland, Australia, South Africa, and Indonesia to diversify their mineral portfolio.
- MOIL is also targeting a production ramp-up to 3.5 million tonnes by 2030 and seeking to increase its domestic market share to 32% from the current 18%.
- The company's revenue for FY25 was ₹1,696 crore, with a profit after tax of ₹382 crore; they are also working on expanding their production capacity domestically, facing delays in environmental clearances.
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Bloomberg Quint
6d
24
Image Credit: Bloomberg Quint
Maharashtra Bar Bandh: Over 20,000 Bars, Permit Rooms Shut On July 14 To Protest Against Liquor Tax Hike
- Over 20,000 bars and permit rooms in Maharashtra will remain shut on July 14 to protest against the state government's tax hikes on liquor, including a rise in VAT, annual license fees, and excise duty.
- The tax hikes, coupled with post-COVID recovery challenges, are making the business model unviable for many establishments, potentially leading to mass unemployment and a surge in liquor smuggling.
- The industry, which employs over 20 lakh jobs and supports 48,000 vendors, is facing a severe economic impact that could threaten its survival and livelihood of many.
- Various associations, including AHAR, NRAI, and HRAWI, have extended support to the bandh, highlighting the significant role of the hospitality sector in Maharashtra's economy.
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Bloomberg Quint
6d
823
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VIP Industries: Promoter Group Entities To Offload 32% Stake
- Promoter group entities of VIP Industries plan to sell 32% stake in the company to private equity investors and others, including Multiples Private Equity Fund IV, Samvibhag Securities, and individual investors.
- The stake sale will reduce Dilip Piramal and the group's shareholding in VIP Industries from 51.73% to 19.73%.
- Buyers aim to acquire approximately 32% of the total paid-up share capital, with a subsequent open offer for an additional 26% shares to potentially take management control of the company.
- VIP Industries stock rose during the day, closing 3.04% higher at Rs 491 apiece on the NSE, following the announcement of the stake sale.
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