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Bloomberg Quint
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NSE F&O Expiry Shifts To Tuesday From Thursday
- The National Stock Exchange's futures and options contracts expiry day will shift from Thursday to Tuesday.
- SEBI has mandated that all equity derivatives contracts must now expire exclusively on Tuesdays or Thursdays.
- Each exchange was allowed to choose one weekday for the weekly expiry of benchmark index options, pending SEBI approval.
- SEBI had requested preferences from stock exchanges on their chosen expiry day by June 15.
- The decision came after SEBI floated a consultation paper in March and discussed feedback with its Secondary Market Advisory Committee.
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Bloomberg Quint
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Lemnisk Unveils AI Innovations To Power Personalised Customer Engagement
- Lemnisk, a marketing technology company, has launched AI innovations for personalized customer engagement.
- The platform offers advanced AI-driven marketing automation capabilities supported by enterprise-grade security.
- Key features include real-time event-driven predictive scoring for audience categorization based on purchase likelihood or churn probability.
- Entity-level identity resolution allows unification of customer intelligence across different business lines for targeted campaigns.
- Voice-to-CDP feature enables auto-transcription of contact center recordings for real-time segmentation and personalization.
- MCP Compliance for AI agents ensures secure access to contextual enterprise data for completing transactions within conversations.
- Subra Krishnan, CEO of Lemnisk, emphasizes the need for AI-driven customer engagement to meet evolving demands.
- The AI-powered capabilities are now accessible to all Lemnisk customers for enhancing customer interactions and loyalty.
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SiliconCanals
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Delft’s QuantWare extends Series A to €23.3M to unlock the path to million-qubit quantum processors
- QuantWare, a Delft-based company focusing on quantum processors, raised an additional $4.5M, totaling their Series A funding to $27M.
- The funding will be used to enhance chip fabrication facilities, expand the team, and recruit talent.
- QuantWare aims to deliver 1M qubit systems in the near future and is focusing on developing quantum hardware and VIO large quantum processors.
- VIO technology enables scaling for any qubit design and paves the way for systems with over 1 million qubits.
- Existing quantum computers have between 100 and 1,000 qubits, while QuantWare's VIO technology supports larger quantum processors with enhanced computational capabilities.
- Founded in 2020 by Alessandro Bruno and Matthijs Rijlaarsdam, QuantWare operates in 20 countries across four continents, providing quantum computing technology.
- QuantWare offers VIO technology through its quantum processors and provides services to third-party customers.
- The company focuses on addressing the limitations of quantum processors without VIO, which require multiple systems connected, leading to reduced computational efficiency.
- QuantWare's recent funding boost reinforces its mission of developing powerful quantum processors to tackle significant challenges.
- Matthijs Rijlaarsdam, CEO of QuantWare, emphasizes the importance of VIO in advancing quantum computing and building key partnerships in the quantum ecosystem.
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Bloomberg Quint
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In This Economy: Ships, Straits And Standoffs
- Geopolitical tensions escalated between Iran and Israel, leading to armed conflict and impacting the global trade route through the Strait of Hormuz.
- The conflict resulted in increased crude oil prices, with concerns about potential disruptions in global trade and the Indian markets showing some resilience.
- India's oil dependency on Iran is minimal, with preparations in place to address any escalation. Trade disruptions have led to a rise in shipping costs and delays in exports.
- Discussions are ongoing to mitigate the impact on trade and normalize global commerce amid the ongoing conflict.
- The article also covers other news such as the banning of bike taxis in Karnataka, UGro Capital's financial decisions, and concerns raised by the Enforcement Directorate regarding illegal betting apps.
- Additionally, it highlights the challenges faced by employees of AGS Transact Technologies due to financial struggles and internal turmoil within the company.
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Bloomberg Quint
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ArisInfra Solutions IPO — Price Band, Listing Date, Financials, Peer Comparison, Risks And More: DRChoksey
- ArisInfra Solutions' IPO of Rs 499.6 crore is set to launch on June 18 with a price band of Rs 210 to Rs 222 per share.
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Bloomberg Quint
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TCS Mandates 225 Billing Days, Caps Bench Time For All Employees
- Tata Consultancy Services Ltd., in its updated talent deployment policy, has mandated 225 days of billing for all employees, capping the bench time to 35 days in a year.
- Reducing bench time and increasing billing hours aim to improve margins and utilisation rates in the IT services industry.
- Employees must have been allocated for a minimum of 225 business days in the last 12 months; failure to comply may lead to management action.
- The policy emphasizes proactive engagement with the Resource Management Group for allocation, even prior to release date, and encourages pursuing opportunities.
- Freshers are required to be actively deployed from day one of joining; deviation needs immediate communication with RMG for guidance.
- Continuous performance evaluation and role suitability assessments will be key components during employment in TCS.
- Repeated short allocations to different projects are discouraged; non-compliance with the deployment policy may result in disciplinary action.
- TCS reserves the right to take disciplinary action, including cessation of service, for failure to comply with the deployment policy.
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Bloomberg Quint
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Israel-Iran Conflict: Oil Supply Security At Risk, Says IEA's Fatih Birol
- The International Energy Agency (IEA) has expressed concerns about the future of oil markets, pointing to new uncertainties amidst rising geopolitical tensions, particularly the Israel-Iran conflict.
- IEA's report, Oil 2025, highlights significant shifts in supply and demand growth drivers, emphasizing the immediate energy security risks posed by geopolitical tensions.
- IEA's Executive Director, Fatih Birol, underlined the importance of energy security and collaboration between energy producers and consumers to mitigate risks.
- The IEA's medium-term outlook suggests that global oil supply is expected to outpace demand growth due to geopolitical strains and changing economic dynamics.
- China's oil demand is projected to peak in 2027 due to increased electric vehicle adoption and infrastructure developments like high-speed rail and natural gas-powered trucks.
- US oil supply is forecasted to grow more slowly as companies emphasize capital discipline, although the US remains a significant non-OPEC supply contributor in the future.
- Global oil demand is expected to rise by 2.5 million barrels per day (mb/d) by 2030, reaching approximately 105.5 mb/d, while global oil production capacity is set to exceed 114.7 mb/d by the end of the decade.
- The growth in oil production capacity will be fueled by increasing natural gas liquids and other non-crude liquids to meet global demand for petrochemical feedstocks.
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Eu-Startups
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French FoodTech startup Fungu’it raises €4 million to reinvent natural flavorings through fungi fermentation
- French FoodTech startup Fungu’it raised €4 million in funding to build an industrial pilot plant and accelerate the commercialization of its natural flavorings.
- The funding round was led by Asterion Ventures with participation from Evolem and UI Investissement.
- Fungu’it focuses on producing natural flavorings through solid-state fungi fermentation, promoting sustainable and organic ingredients.
- The startup uses filamentous fungi to transform agricultural by-products into high-value ingredients, reducing water and energy consumption.
- Fungu’it's innovative approach aims to create flavors that are accurate, vibrant, and accessible, enhancing the agro-food sector's transformation.
- The startup stabilized flagship ingredients, including a meaty umami flavor for plant-based alternatives and an innovative chocolate flavor that reduces cocoa usage.
- The global market for natural flavorings is growing rapidly, driven by the demand for healthier and more sustainable solutions.
- Fungu’it plans to build an industrial pilot plant, patent its process, and strengthen its sales team to accelerate commercialization.
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Economic Times
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German defence startup Helsing raises $693 million in latest investment round
- German defence start-up Helsing has raised 600 million euros ($693.30 million) in its latest investment round, led by Spotify founder Daniel Ek.
- The investment round has increased Helsing's value to $12 billion, positioning it among the top five private tech companies in Europe.
- Prima Materia, an investment company by Daniel Ek and Spotify investor Shakil Khan, led the investment round and doubled its investment in Helsing.
- Other investors in the round included Lightspeed Ventures, Accel, Plural, General Catalyst, and SAAB.
- Helsing, based in Munich, specializes in AI software and is expanding to produce drones, aircraft, and submarines.
- The start-up aims to capitalize on increased government defense spending due to rising geopolitical tensions.
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SiliconCanals
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Rotterdam-based umob secures €3.5M to deliver MaaS for the masses across Europe
- Rotterdam-based umob has secured €3.5M in funding to accelerate its Mobility-as-a-Service platform across Europe.
- The funding will support expansion into major European cities and development of its mobility booking platform.
- umob aims to build upon its presence in eleven European countries and strengthen partnerships with providers like Dott, Voi, and Lime.
- The platform offers access to over 500,000 shared mobility vehicles and public transport networks across Western Europe.
- The demand for MaaS solutions is increasing due to urban space limitations and sustainability goals.
- umob's platform integrates various transport modes for easy journey planning and payment through one application.
- The company acquired Finnish company MaaS Global to enhance its platform with the 'Whim' app technology.
- Both founders have experience in developing scalable mobility solutions, with umob headquartered in Rotterdam.
- umob aims to expand its services throughout Europe, focusing on sustainable and accessible mobility.
- The platform positions itself as a strategic partner for municipalities and mobility providers, offering in-house developed technical solutions.
- umob aims to combat traffic congestion and emissions through partnerships with major mobility providers and public transport networks.
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Bloomberg Quint
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Maruti Suzuki Doubles Down On Rail For Moving Cars To Dealers, Export Hubs
- Maruti Suzuki inaugurated India’s largest in-plant automobile railway siding at its Manesar facility to reduce reliance on road transport and cut carbon footprint.
- This is Maruti's second railway siding facility after Gujarat and is part of its green logistics shift under the PM Gatishakti National Master Plan.
- The siding, built with the Haryana Orbital Rail Corporation Ltd, connects the Manesar plant to the Manesar-Patli line with an investment of Rs 452 crore.
- At full capacity, the siding will handle the dispatch of 4.5 lakh vehicles annually, including popular models like Baleno, Ertiga, DZire, and WagonR.
- The shift to rail is expected to eliminate 65,000 truck trips yearly, save 6 crore liters of fuel, and reduce 1.75 lakh tonnes of carbon dioxide emissions.
- Maruti aims to move 30% of its total dispatches via railway by 2030, up from 5% a decade ago to 25% presently.
- The facility will connect to 17 hubs serving 380 cities in India and export hubs like Gujarat's Mundra and Pipavav seaports.
- By reducing fossil fuel consumption, easing highway congestion, and aligning with net zero goals, Maruti's railway siding supports its commitment to sustainability.
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Bloomberg Quint
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Tata Motors Shares Gets HDFC Securities 'Reduce' As It Remains Cautious On The JLR Segment In The Near Term
- HDFC Securities has downgraded Tata Motors shares to 'Reduce' due to caution regarding the JLR segment in the near term amid a challenging business environment.
- Tata Motors' management has guided for an FY26 EBIT margin of 5-7% for JLR, citing tariff uncertainty and business challenges.
- The company announced enterprise missions to offset tariff-related costs, forex headwinds, and the slowdown in China, aiming for benefits of £1.4 billion per annum.
- Despite challenges, management has reinstated its long-term goal of achieving a 15% EBIT margin for JLR.
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Eu-Startups
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Czech investment manager Orbit Capital launches €100 million fund to support tech companies overlooked by banks
- Prague-based Orbit Capital has launched its Growth Debt II fund aiming to reach €100 million to support tech companies in Central and Eastern Europe overlooked by banks.
- The fund has already closed €70 million with investors including European Investment Fund, Česká Spořitelna, Rentea pension fund (Partners Group), and smaller investors through Conseq.
- Orbit Capital introduced Venture Debt to offer financing for young, fast-growing and mature companies that do not meet traditional bank financing conditions, providing cheaper funding and potential returns of 15%.
- Orbit Capital, focusing on technology scaleups, aims to fill the debt financing gap for CEE startups, offering funds ranging from €3 to €10 million through Growth Equity I fund.
- The Orbit Capital family also includes Growth Equity I fund with two unicorns in its portfolio, enabling clients to invest in innovative ways previously limited to wealthy investors.
- The venture capital company has invested in fifteen Central European companies including Rohlík, Twisto, ThreatMark, CloudTalk, and Boataround, supporting those with strong innovation potential and promising business models.
- By facilitating indirect access to venture debt for companies unable to qualify for traditional bank loans, Orbit Capital aims to support the economic transformation and competitiveness of the Czech economy.
- Marjut Falkstedt, EIF Chief Executive, highlights the investment's crucial support for innovative companies in Central and Eastern Europe to enhance economic growth and competitiveness in the region.
- Orbit Capital plans to apply learnings from its first fund in the strategy for the second fund, leveraging the venture debt infrastructure built over five years to aid more companies in their growth.
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Global Fintech Series
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Blitzy Partners with Galatea Associates to Deliver AI-Native Development for Financial Services
- Blitzy partners with Galatea Associates to combine AI-native autonomous software development with deep investment banking expertise.
- This strategic alliance aims to modernize legacy systems in financial services, offering rapid deployment while meeting regulatory compliance standards.
- Financial institutions face challenges with outdated systems, a skills shortage, and a need for AI-ready transformations.
- Blitzy and Galatea's partnership addresses these challenges by enabling AI-enabled refactoring of legacy systems and providing specialized financial domain expertise.
- The platform ensures full transparency, audit trails, security remediation, and autonomous documentation generation within existing repositories.
- Results show a 5x faster development velocity, zero operational disruptions, and the generation of up to 3 million lines of production-ready code per run.
- Financial institutions can schedule demos, conduct architecture assessments, and engage in risk-free Proof of Concept evaluations with Blitzy and Galatea.
- The partnership offers a unique opportunity for financial services leaders to modernize critical systems efficiently with autonomous capabilities.
- Blitzy and Galatea's approach combines autonomous development speed with human oversight for effective project completion.
- Enterprises are encouraged to explore autonomous development through technical demos, architecture assessments, and risk-free POC evaluations.
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Economic Times
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Razorpay invests $30 million into consumer payments startup Pop
- Pop, a consumer payment platform, raises $30 million from Razorpay to address challenges in digital commerce.
- Pop operates a rewards-first UPI payments app combining payments, commerce, and credit into one experience.
- The funding will be used for product innovation, enhancing consumer value proposition with Popcoins-led rewards, and building merchant partnerships.
- Pop has scaled to over six lakh daily UPI transactions, one million unique monthly active transactors, and more since launching its UPI platform.
- Razorpay's investment in Pop expands its offerings into loyalty, engagement, and commerce enablement.
- Pop's multi-brand rewards currency in the form of Pop Coins aims to incentivize repeat purchases and drive real-time engagement.
- Harshil Mathur, CEO of Razorpay, highlights that Pop helps brands earn trust, drive repeat purchases, and build real loyalty.
- The investment in Pop complements Razorpay's acquisition of PoshVine, focusing on loyalty and rewards management.
- Consumers are increasingly considering rewards and loyalty while making purchase decisions, with India's D2C market expected to surpass $100 billion by 2026.
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