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Bloomberg Quint
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Apple iPhone 17: Complete Roundup Of Specs, Design, Display, Camera, Colours, Prices — All We Know So Far
- Apple is set to launch the iPhone 17 series with upgraded features and potential surprises, including a 120Hz OLED display and iOS 26.
- Expected to release four models: iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max, and possibly iPhone 17 Air, discontinuing the Plus lineup.
- Likely September launch for iPhone 17 series, with iPhone 17E arriving in early 2026.
- Rumored designs include a thinner iPhone 17 Air without a USB-C port, Pro models with larger camera bumps, and a shift from titanium to aluminium.
- Display upgrades expected across models, with ProMotion displays at 120Hz refresh rate.
- iPhone 17 to feature iOS 26 and a new 'Liquid Glass' interface for a dynamic user experience.
- Anticipated camera specifications include a 48MP single-lens rear camera for iPhone 17 Air, enhancements for other models, and a focus on image quality.
- Expected chipset upgrades to A19 for iPhone 17 series, potentially increasing RAM to 12GB for Pro models.
- Limited details on color options, with a hint at a sky blue variant for the iPhone 17 Pro and Pro Max.
- Battery enhancements expected, with the iPhone 17 Air reported to feature a 2,800 mAh high-density battery and potential support for Qi 2.2 standard.
- Price estimates suggest the base iPhone 17 starting at $799, while the Air model may begin at $899, and the Pro models at $999.
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Bloomberg Quint
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Shipping Corporation, GE Shipping At Six-Month High Amid Israel-Iran Tensions, Fuel Tanker Rate Surge Hopes
- Shipping Corporation of India and Great Eastern Shipping Co. shares surged to a six-month high amid escalating tensions between Israel and Iran.
- Investors are anticipating a spike in tanker and container freight rates following Israel's military strike on Iran.
- Shipping Corporation of India shares rose nearly 15% to Rs 236.50, and GE Shipping rose 7.59% to Rs 1,049 per share.
- The rise in stock prices reflects expectations of disruptions in the supply chain and increased transportation costs along critical oil shipping routes.
- Geopolitical tensions heightened after Israel's attack on Iran's strategic location, leading to a state of emergency in Israel and threats of retaliation from Iran.
- Concerns arise over the potential closure of the critical global oil shipping checkpoint, the Strait of Hormuz, by Iran, which could impact material movement.
- Following the attack, stock markets experienced a decline, with the Nifty 50 and Sensex falling to their lowest levels in weeks.
- Oil prices in international markets surged as traders turned to safe-haven assets due to increased geopolitical tensions after Israel's air strikes in Iran.
- Brent crude August future contract reached $78.50 a barrel, the highest level since Jan. 27.
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Bloomberg Quint
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Iran-Israel Tensions: Indian Oil, Asian Paints, IndiGo & More — Stocks Likely To Be Impacted
- Tensions between Israel and Iran could impact global oil supply chains through the critical Strait of Hormuz.
- The Strait of Hormuz is a vital maritime chokepoint through which significant amounts of global oil pass.
- Iran's history of targeting merchant ships in the Strait has raised concerns about disruptions.
- Countries like Saudi Arabia, Iraq, and the UAE heavily depend on the Strait for oil and gas exports.
- Approximately one-third of global seaborne oil moves through the Strait, affecting energy markets worldwide.
- India, with two-thirds of its oil imports and half of LNG imports via the Strait, faces challenges if supply is disrupted.
- Potential consequences include surging global oil and gas prices, impacting countries like India.
- Stocks that might be negatively affected include oil & gas companies, paint manufacturers, tyre firms, lubricant producers, and aviation companies.
- Higher oil prices could lead to margin pressures for various industries relying on crude derivatives.
- Companies such as Indian Oil Corp, Asian Paints, IndiGo, and others may see adverse impacts on margins.
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Bloomberg Quint
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Former JSA's National Corporate Lead Iqbal Khan Joins Cyril Amarchand Mangaldas
- Former JSA's National Corporate Lead Iqbal Khan joins Cyril Amarchand Mangaldas as a partner in its Corporate Practice.
- Khan and his team will be located in the firm's Mumbai office.
- Iqbal Khan is recognized for his expertise in private equity investments, mergers and acquisitions, joint ventures, and foreign investment laws.
- He has worked on multibillion-dollar transactions across various industries and is regarded as one of India's leading M&A and private equity lawyers.
- Khan holds a JD from Columbia Law School and an LLB from The London School of Economics and Political Science.
- He has previously worked with US law firms Kirkland & Ellis LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP and is dual qualified in India and admitted to the New York Bar.
- Cyril Shroff, Managing Partner at Cyril Amarchand Mangaldas, welcomes Khan's expertise, emphasizing the value he brings to the firm's clients.
- Khan expresses his excitement about joining the firm, citing shared values of excellence and integrity.
- Iqbal Khan stated that his decision to join Cyril Amarchand Mangaldas was driven by the firm's commitment to excellence and delivering sound legal advice globally.
- Khan's clients, who are global sector leaders, admire the CAM brand and its visionary leadership under Cyril.
- Iqbal Khan joins Cyril Amarchand Mangaldas, bringing his extensive experience in the legal field to the firm.
- The appointment of Iqbal Khan as a partner in the Corporate Practice is announced by Cyril Amarchand Mangaldas.
- Khan's rich background includes advising on transactions in industries like life sciences, healthcare, technology, and financial services.
- Cyril Amarchand Mangaldas recognizes Iqbal Khan's achievements in M&A and private equity work, leading to his appointment.
- Iqbal Khan's arrival at Cyril Amarchand Mangaldas signifies a strengthening of the firm's Corporate Practice.
- Iqbal Khan looks forward to contributing his legal expertise within the Corporate Practice at Cyril Amarchand Mangaldas.
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Eu-Startups
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Slovenian startup Sunrise Robotics emerges from stealth with €7.3 million for their simulation-trained robots
- Ljubljana-based Sunrise Robotics emerges from stealth with €7.3 million in funding to expand its team and enhance AI capabilities for scaling production of its initial fleet.
- Funding led by Plural, with participation from Tapestry, Seedcamp, Tiny.vc, and Prototype Capital.
- Sunrise focuses on accessible automation through intelligent systems driven by simulation and digital replicas.
- The company's simulation-first approach involves designing robot cells with dual arms, sensors, and AI trained through virtual replicas of work environments.
- This approach makes automation deployment faster and cheaper, aiding more manufacturers in benefiting from automation.
- Sunrise robotics team's experience includes autonomous systems and software serving millions of users.
- The company recruits talent from tech giants to progress from founding to customer deployment within 18 months.
- Initial systems are operational in electronics manufacturing facilities across Europe with agreements in various sectors.
- European industrial manufacturing faces labor shortages and productivity challenges.
- Sunrise aims to fill the gap with inexpensive robots that enhance productivity and offer a solution to hiring challenges.
- The smart robot market is projected to double from €65.9 billion in 2024 to €130 billion by 2034, with Sunrise targeting a wider market beyond large manufacturers.
- Asteelflash Bedford highlights Sunrise as a partner enabling them to quickly adopt cutting-edge innovation.
- Sunrise Robotics aims to revolutionize European industrial manufacturing through simulation-trained robots.
- The company focuses on addressing labor shortages, boosting productivity, and offering accessible automation solutions.
- Sunrise Robotics' partnership with Asteelflash Bedford showcases the effective adoption of intelligent robots for enhanced quality and competitiveness.
- The startup is positioned to play a significant role in reshaping the industrial manufacturing landscape in Europe.
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Bloomberg Quint
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LIC Announces Relief Measures For Victims Of Air India Ahmedabad Crash
- Life Insurance Corp. of India (LIC) has announced relief measures for families of the victims of the Air India flight AI 171 crash in Ahmedabad on June 12.
- LIC has relaxed norms to support the affected families by accepting government records or compensation documentation as proof of death in cases where a death certificate is unavailable.
- The insurer expressed deep sadness over the loss of lives in the crash and is committed to providing financial relief to the victims' families.
- Efforts are being made by LIC to reach out to affected families proactively and expedite the settlement process.
- Claimants can seek assistance by contacting their nearest LIC branch, division office, or customer zone, or by calling the LIC helpline at 022-68276827.
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Bloomberg Quint
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Stocks To Buy Or Sell: Sneha Seth's Top Picks For June 13
- The Nifty 50 and Sensex fell significantly due to global geopolitical tensions, reaching their lowest levels since May.
- As of 1:36 p.m., the Nifty 50 was down by 0.77% while the Sensex was lower by 0.79%.
- Sneha Seth, a senior analyst at Angel One, recommended 'buy' calls on Wipro and Metropolis Healthcare.
- For Wipro, the target price was set at Rs 270 with a stop loss at Rs 255.
- Metropolis Healthcare was advised with a target price of Rs 1,830 and a stop loss at Rs 1,710 per share.
- Analysts tracking Wipro and Metropolis Healthcare have varying recommendations on their shares.
- Investors are advised to consult with their own financial or investment adviser before making any decisions.
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Bloomberg Quint
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Air India Crash Casts Pall Over Brand Credibility Amid Turnaround Drive
- The Air India flight crash claiming over 200 lives has negatively impacted the airline's brand equity and standing.
- The incident hampers Air India's ongoing turnaround efforts and spotlights concerns regarding service quality.
- Brand strategists suggest that the crash will affect the imagery of Air India and Tata Group, its owners.
- The Tata-owned Air India's aspirations of becoming a world-class airline with an Indian heart suffer a setback.
- Consumer sentiment towards Air India may be driven by irrational fear post the tragic crash, leading to a potential decline in passengers.
- The airline's legacy and history of high service standards contrast with recent safety concerns and operational issues.
- Public trust in Air India is under scrutiny, with social media users raising questions about its overall service and aircraft reliability.
- Tata Group's goodwill and legacy are seen as potential aids in restoring public trust in the Air India brand.
- While immediate consumer caution is expected, it is believed that public memory is short-lived, and trust in Air India may be restored over time.
- The aftermath of the crash triggers a broader dialogue on Air India's operational standards and the reliability of the aircraft it operates.
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Fintechnews
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Germany’s Payrails Raises $32M in Series A Round
- Payrails, a payment software provider based in Berlin, has raised $32 million in a Series A funding round.
- The funding aims to enhance payment operations for enterprises through product innovation and expansion in EMEA.
- HV Capital's Growth Fund led the round, with continued support from existing investors including EQT Ventures and Andreessen Horowitz.
- Payrails, founded by former senior leaders from Delivery Hero, has raised over $52.8 million in total funding.
- The Series A round marks one of the largest for a European fintech this year and follows a period of substantial growth.
- In 2024, Payrails saw over 1 million daily operations, expanded into 30 new markets, and secured enterprise clients across various sectors.
- Some notable clients of Payrails include Puma, Vinted, Flix, InDrive, Just Eat Takeaway, and Careem.
- Orkhan Abdullayev, Co-Founder and CEO of Payrails, emphasized the platform's vision to empower enterprises with a comprehensive payment management solution.
- Abdullayev highlighted the focus on product development to enhance the payment lifecycle and set new industry standards.
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Nonprofithub
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[PODCAST] Why Passion Isn’t Enough: The Hidden Reality of Nonprofit Leadership – David Rhode
- In this podcast episode, Meghan speaks with David Rhode, author of Passion Isn't Enough: A Practical Guide for Nonprofit Leaders, shedding light on the often ignored aspects of nonprofit leadership.
- David shares valuable insights on topics such as board engagement, leadership isolation, and managing the daily challenges faced by small organizations.
- The conversation includes practical advice on setting expectations, assessing and parting ways with board members, and streamlining organizational roles.
- This discussion is tailored for nonprofit leaders navigating diverse responsibilities, offering both validation and actionable recommendations beyond just passion.
- Listeners are encouraged to access free nonprofit professional development resources and connect with like-minded professionals at https://nonprofithub.org.
- Sponsorship for this episode is provided by Apricot by Bonterra, offering nonprofits a more efficient way to monitor outcomes, streamline reporting, and access additional funding.
- Visit the provided link to learn more about Apricot by Bonterra.
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SiliconCanals
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Berlin’s Knowunity lands €27M to bring AI study companion to 1 billion students
- Berlin-based learning platform Knowunity has raised €27M in Series B funding led by XAnge to expand its AI-powered study companion globally.
- The funding will be used for developing the AI learning companion with hyper-personalisation, talent acquisition, and expansion into new markets aiming to reach 1 billion students.
- Partnerships with Vodafone, Gothaer, and Porsche have been secured, and the company has achieved 20M+ users in 15 countries.
- In Germany, one in three students uses the app and in Latin America, it reached one in ten students within a few months.
- Knowunity combines student-generated content with personalised AI technology, engaging over 380,000 student creators.
- The company operates on a freemium model and is generating revenue mainly from its B2C subscription business rolled out country by country.
- Knowunity aims to deliver personalised education through its AI learning companion and has the vision to provide it to a billion students globally.
- Founded by young entrepreneurs, the platform initially started as a TikTok-style notes app and now offers comprehensive AI-powered study services.
- The company's goal is to replace outdated offline tutoring with intelligent support accessible 24/7 at a fraction of traditional costs.
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Eu-Startups
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German EdTech startup Knowunity raises €27 million to bring AI tutor to 1 billion students
- German EdTech startup Knowunity raises €27 million in a Series B round to expand its AI learning companion for students.
- The funding will be used for further development, hiring talent, and market expansion, particularly targeting the U.S. and Asia.
- Knowunity aims to reach 1 billion students globally with personalized education.
- The Series B round was led by XAnge, with participation from other investors and prominent business angels.
- Knowunity was founded in 2020 by four 17-year-old students who aimed to modernize the education system.
- The platform has over 20 million users in 15 countries, with significant growth in Germany and Latin America.
- Initially launched as a TikTok-style platform, Knowunity has evolved into an AI-powered study companion.
- The company offers a freemium model and generates revenue through partnerships and a B2C subscription business.
- Students use the app frequently for exam preparation and topic understanding.
- Knowunity's AI tutor provides tailored recommendations and audio explainers based on peer-created content and national curricula.
- The company aims to make personalized learning accessible for all students globally.
- Users engage with the AI companion over seven times per week on average.
- Knowunity's long-term vision is to replace traditional tutoring with intelligent support available 24/7.
- XAnge partner believes Knowunity will revolutionize the education system by providing personalized learning experiences.
- Knowunity's goal is to offer every student a personal AI-based learning companion.
- The company is focused on providing tailored education and intelligent support to students worldwide.
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Bloomberg Quint
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Deepak Shenoy Warns Of Economic Pain Amid Geopolitical Turmoil: ‘It’s Going To Get A Lot More Messy’
- Deepak Shenoy, the founder and CEO of Capitalmind, warns of increasing economic risks due to escalating geopolitical tensions, foreseeing more turbulence for the global economy.
- Shenoy highlighted the surge in Brent crude prices to over $77 a barrel, citing that geopolitical complexities are on the rise and will have negative economic impacts.
- The spike in oil prices followed reports of Israel targeting Iranian military sites, causing concerns about a broader regional conflict.
- The price of Brent crude briefly exceeded $78, marking its highest level since Jan. 27 amidst the recent Middle East turmoil.
- Investors were rattled by the heightened tensions, with both the Sensex and Nifty falling over 1.5% as global markets turned risk-averse.
- India, being a major crude oil importer, is particularly susceptible to price shocks, posing risks of inflation, widening trade deficits, and dampening consumer demand.
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Bloomberg Quint
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Stocks To Buy On June 13: Check Brijesh Ail's Top Stock Picks For Today
- Brijesh Ail shared his top stock picks for Friday the 13th, including Max Health, Voltas, and Eveready.
- The NSE Nifty 50 and BSE Sensex experienced a steep decline at market open following the Air India plane crash in Ahmedabad, with banking stocks like HDFC Bank Ltd., ICICI Bank Ltd., and State Bank of India leading losses.
- As of 12:40 p.m., Nifty 50 traded 0.79% lower at 24,692.60, and Sensex traded down by 0.79% at 81,050.47.
- Brijesh Ail recommended buying Max Health at Rs 1,200 per share with a target price of Rs 1,180 and a stop loss at Rs 1,265.
- For Voltas Ltd., Ail suggested buying at Rs 1,278 with a price target of Rs 1,330 and advised to book losses at Rs 1,260 per share.
- Ail also gave a 'buy' call for Eveready Industries India at Rs 326 per share with a target price of Rs 360 and a stop loss at Rs 312.
- Overall, Brijesh Ail's stock picks for the day are Max Health, Voltas, and Eveready.
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Insider
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'Sell America' is getting investors excited about Europe and Japan after years of slumber
- Investor focus is shifting back to Europe and Japan, driven by fiscal stimulus and signs of economic revival.
- The 'Sell America' trade sees US assets losing appeal relative to global peers.
- US stock market lags behind Asian and European counterparts amid Trump's policy moves.
- US equities appear expensive compared to historic norms, prompting some investors to avoid dollar-denominated assets.
- US Dollar Index and government bond prices are down, pushing investors towards Europe and Japan for higher returns.
- Japan and Europe witness renewed interest as economic conditions improve.
- Europe's fiscal expansion and Japan's inflation levels boost investor confidence.
- Germany and Japan announce spending plans, attracting global investors.
- Europe is transitioning towards a more growth-focused policy path.
- Japan's economy shows signs of recovery from decades of deflation.
- Japan's corporate mergers and acquisitions increase alongside structural reforms and a weak yen, boosting investor interest.
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