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Bloomberg Quint
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Tata Steel Confident Of Completing Green Steel Transition In Europe As planned: Chairman N Chandrasekaran
- Tata Steel is confident of completing its transition to green steel manufacturing in the UK and Netherlands as planned, aiming for green steel making in the next few years.
- In the UK, Tata Steel has progressed towards low-emission steelmaking by decommissioning blast furnaces at Port Talbot and plans to transition to Electric Arc Furnace-based steelmaking by fiscal 2028.
- In the Netherlands, discussions with the Dutch government are ongoing for support on their decarbonisation plan, with a cost transformation program targeting significant savings.
- Tata Steel is focused on reducing carbon emissions through the transition to electric arc furnaces and is investing in green steel initiatives in both the UK and Netherlands.
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Bloomberg Quint
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322
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Maharashtra Approves Rs 1.35 Lakh Crore Investment Proposals In Thrust Sectors, High Technology
- The Maharashtra government has approved investment proposals worth Rs 1.35 lakh crore in high-technology and thrust sectors, potentially creating nearly 1 lakh direct and indirect jobs.
- The investments will cover critical sectors such as semiconductors, electric vehicles, lithium-ion batteries, green steel, textiles, aerospace, and defense manufacturing.
- Special incentives, including subsidies and refunds, have been announced to attract investments. The government aims to accelerate technical innovation and research with these projects.
- The projects will benefit companies like Reliance Industries, Hyundai Motor India, Uno Minda Auto Innovation, Paras Defence and Space Technology, among others, and are expected to positively impact the local supply chains and skill development.
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The Robot Report
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Galbot picks up $153M to commercialize G1 semi-humanoid
- Galaxy General Robot Co., also known as Galbot, raises $153 million to commercialize its G1 semi-humanoid robot.
- The G1 robot is designed to work in various environments like pharmacies and can automate inventory, replenishment, delivery, and packaging.
- Galbot has developed proprietary vision-language-action models (VLAs) like GraspVLA and GroceryVLA to enhance robot capabilities in retail settings.
- Investors in Galbot's funding round include CATL, Puquan Capital, China Development Bank, Qiming Venture Partners, and others, with a focus on collaboration and application development.
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Massivelyop
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City of Heroes spiritual successor Ship of Heroes is finally launching in August
- Ship of Heroes, a long-awaited MMORPG, finally has a release date set for August 18th, 2025.
- Ship of Heroes was initially pitched as the fourth spiritual successor for City of Heroes and was described as 'City of Heroes meets Star Trek' during its crowdfunding phase.
- Despite facing setbacks and delays, Ship of Heroes will be the only City of Heroes spiritual successor to reach a live state upon its launch.
- The game aims to cater to both solo players and raiders, will feature a box fee and subscription model with no cash shop, and plans are already in place for future expansions and pre-launch activities like Steam beta tests and a free demo.
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Bloomberg Quint
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178
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Parliament's Monsoon Session To Be Held From July 21 to August 21
- The Monsoon session of Parliament will be held from July 21 to August 21, as confirmed by Parliamentary Affairs Minister Kiren Rijiju.
- The session, originally scheduled to conclude on August 12, has been extended by a week to August 21.
- There will be no sittings on August 13 and 14 due to Independence Day celebrations.
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Bloomberg Quint
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335
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No Carrots For India At The Moment In India-US Trade Deal, Says Former Indian Envoy
- Former Indian envoy expresses that there are no benefits for India in the current US stance on trade deal negotiations.
- Expert suggests a need for a 'face-saving compromise' in the ongoing talks between India and the US before the tariff deadline.
- Differing opinions exist on India's potential to fill the void left by China under US tariffs, with emphasis on tactical negotiations and reducing certain tariffs.
- The former envoy asserts that India needs to reassess its capability to replace Chinese exports to the US and should focus on strategic negotiations for a mutually beneficial trade deal.
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Pymnts
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Robotics Startup Genesis AI Launches With $105 Million in Funding
- Robotics startup Genesis AI has emerged from stealth mode with $105 million in seed funding to create a general-purpose artificial intelligence model for robots.
- The company aims to automate repetitive tasks by training AI models with data about the physical world, using a proprietary simulation engine to generate synthetic data.
- Funding for Genesis AI was co-led by Eclipse and Khosla Ventures, with a focus on developing robotics foundation models that can generalize across tasks.
- Amazon also made strides in robotics with over 1 million robots in its warehouses, unveiling Vulcan, a robot with a sense of touch for product retrieval, and integrating robots into fulfillment operations.
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Bloomberg Quint
2w
152
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Buy, Sell Or Hold: Nykaa, Exide Industries, Shilchar Tech, HDB Financial — Ask Profit
- Market analysts provided buy, sell, and hold recommendations for various stocks on NDTV Profit's 'Ask Profit' show.
- Exide Industries: Analyst suggests waiting due to increased competition and underperformance despite strong demand. Investors should monitor the company's strategic plans.
- Nykaa: Cautious approach advised as the stock trades at a high price-to-earnings ratio with foreign portfolio investors reducing holdings. Revenue performance does not justify the valuation.
- Shilchar Technologies Ltd.: Recommended to remain invested due to fair valuation and strong long-term growth potential. Technical strength is needed as the stock is trading below key indicators.
- HDB Financial Services: Potential seen with a projected price-to-book ratio and growth potential. Stock value could reach Rs 900 based on assumptions.
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Bloomberg Quint
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342
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PNB Q1 Update: Advances, Deposits See Global, Domestic Growth
- PNB's global advances rose by 9.9% to Rs 11.3 lakh crore in the April-June quarter.
- The bank reported a 13% growth in global deposits to Rs 15.9 lakh crore, with domestic deposits increasing by 12% to Rs 15.4 lakh crore.
- PNB's global credit-deposit ratio remained flat at 71.2% compared to the previous quarter.
- The bank expects net interest margins to be under pressure due to repo rate cuts by the RBI, impacting profitability.
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Bloomberg Quint
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61
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Jaishankar Holds Talks With Top Officials Of Trump Administration; Focus On Boosting Ties In Critical Sectors
- External Affairs Minister S. Jaishankar held talks with top officials of the Trump administration, focusing on deepening collaboration in key sectors such as trade, defence, energy, mobility, and critical technologies.
- Meetings included discussions with US Defence Secretary Pete Hegseth and Energy Secretary Chris Wright, alongside bilateral talks with US Secretary of State Marco Rubio during the Quad foreign ministers' conclave.
- Topics covered in the discussions ranged from bilateral partnership aspects like trade, security, technology, connectivity, and energy to ongoing negotiations for a potential trade deal between India and the US.
- The implementation of the US-India COMPACT initiative, enhancing cooperation on trade, defence, energy, and other areas, was emphasized during the talks between Jaishankar and US officials.
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3 Likes
Bloomberg Quint
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161
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'Move To Dubai, Get Golden Visa': Mumbai Flat Listed For Resale At Rs 8.5 Crore Sparks Disbelief
- A flat in Mumbai's Borivali listed for resale at over Rs 8 crore has sparked disbelief on social media due to the unrealistic price.
- On a real estate platform, 5 BHK properties in Borivali are seen priced at around Rs 7-8 crore, leading to shock over soaring property costs in the area.
- Some users suggested moving to Dubai for better investment opportunities, highlighting lower taxes and the possibility of obtaining a golden visa.
- While many were shocked by the high property prices, a 4 BHK luxury apartment in Borivali was previously sold for Rs 14 crore, indicating the trend of expensive real estate in the area.
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9 Likes
Bloomberg Quint
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276
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Indian Bank Cuts Lending Rate By 5 Bps
- Indian Bank has reduced its Marginal Cost of Funds Based Lending Rate for one year maturity by 5 basis points to 9%.
- The new rate will be effective from July 3, benefiting borrowers with lower interest rates on various loans.
- In addition to the rate cut, Indian Bank has waived minimum balance charges across all Savings Bank accounts, effective from July 7.
- This initiative aims to promote financial inclusion and make banking more accessible to all sections of society.
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Bloomberg Quint
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309
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Goa Government To Provide Rs 4,000 A Month To Widows With Children Under 21
- The Goa government has announced a financial assistance program of Rs 4,000 per month for widows with children under the age of 21 by merging two separate schemes.
- Previously, widows had to apply for two different schemes offering Rs 1,500 and Rs 2,500 per month, which have now been combined into a single scheme providing Rs 4,000 monthly.
- The new scheme aims to streamline the process for eligible widows, who will now receive the assistance without the need for multiple applications.
- The Goa government's initiative consolidates women-centric welfare schemes and simplifies the support system for widows in the state.
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Bloomberg Quint
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209
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Rapido Bike Operating Illegally In Mumbai: Maharashtra Transport Minister Catches Driver Red-Handed
- Maharashtra Transport Minister caught a Rapido bike operating illegally in Mumbai by accepting passengers and transporting them without authorization.
- The state government has not officially allowed any app-based bike aggregator to operate in Maharashtra yet.
- A new e-bike policy has been announced by the government, which will permit only institutions with electric bikes to obtain bike taxi permits in the future.
- All existing bike taxis in Maharashtra are currently considered unauthorized as they do not meet the new policy's criteria.
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Eu-Startups
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Tallinn-based Vok Bikes raises €5 million to replace vans with next-gen electric cargo bikes
- Tallinn-based Vok Bikes raises €5 million to expand across Europe and shift away from vans in city centers with four-wheeled electric cargo bikes.
- The funding round is led by SQM Lithium Ventures and joined by existing investors, supporting Vok's vision for modern urban logistics.
- Vok Bikes offers automotive-grade electric cargo bikes designed for commercial use, showcasing innovations like the proprietary 4Drive drivetrain.
- With a focus on sustainability and efficiency, Vok aims to revolutionize urban mobility by providing environmentally friendly and cost-effective alternatives to traditional vans.
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