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Bloomberg Quint
8h
49
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Trump Says US To Impose 30% Tariffs On EU, Mexico Next Month
- President Trump announced 30% tariffs on the European Union and Mexico, effective August 1, if they do not negotiate better terms.
- Trump has been sending out letters to countries this week, adjusting proposed tariff levels from April and encouraging further negotiations.
- The EU's hopes for a tentative deal with the US were dampened by Trump's letter, which emphasized the need for open market access.
- In his letter to Mexico, Trump criticized the country for not doing enough to stop drug cartels from turning North America into a 'Narco-Trafficking Playground.'
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TechCrunch
8h
241
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Just 3 days left to save before TechCrunch All Stage 2025 lights up Boston
- TechCrunch All Stage 2025 is set to take place at the SoWa Power Station in Boston in 3 days, offering founders, investors, and operators the opportunity to gain real-world strategies and valuable connections.
- The event promises practical value for attendees, including fundraising sessions, hiring guidance, go-to-market blueprints, pitch showdowns for feedback, and curated networking opportunities.
- Key speakers at the event include industry leaders such as Jennifer Neundorfer, Brandon Krieg, Tiffany Luck, Charles Hudson, Chris Gardner, and Jahanvi Sardana, covering topics like AI, investing access, pitching strategies, and product design.
- With Founder Passes priced at $100 and Investor Passes at $200, this is the final opportunity to secure tickets at the lowest prices before the event on July 15 in Boston.
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Bloomberg Quint
9h
170
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NDTV Profit Exclusive: HDFC Bank Faces EOW Complaints On Misuse Of NRI Fixed Deposits
- HDFC Bank is facing complaints of misusing fixed deposits by NRI customers, with deposits worth Rs 25-30 crore being misused to pay for Credit Suisse's bonds.
- Complaints have been filed in Nagpur, Chandigarh, and Gurgaon, with allegations of fraud by the bank officials and possible filing of a first information report by the EOW.
- HDFC Bank officials are accused of inflating the eligibility of NRI customers to buy AT-1 bonds without informing them properly about the risks involved.
- The customers have been trying to resolve the issue since 2023, with regulators in India not having jurisdiction due to the bonds being purchased through the bank's Middle East offices.
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Bloomberg Quint
10h
199
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Navi Mumbai Airport Updates: 94% Work Complete, Says Fadnavis; Sets Sept. 30 Target For Project Launch
- Maharashtra CM Fadnavis reports 94% completion of Navi Mumbai Airport project.
- Launch target for commercial operations set for Sept. 30, with focus on efficiency.
- Airport to handle 9 crore passengers annually, modern and fully-equipped.
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Bloomberg Quint
10h
75
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Charting The Global Economy: Trump Ramps Up Tariffs Again
- US President Trump escalates tariff plans, targeting copper, Canada, and other countries.
- Threatening high tariffs, Trump aims for 50% duty on copper imports starting Aug. 1.
- Other countries face potential increases in levies, impacting global economy and markets.
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Bloomberg Quint
11h
172
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IMD Issues Alert For Heavy Rain In Parts Of Jharkhand From July 13-15
- The India Meteorological Department (IMD) has issued a 'yellow alert' for heavy rainfall in parts of Jharkhand from July 13-15.
- Intermittent rainfall is expected to continue in the state until July 15.
- Different districts in Jharkhand are forecasted to experience heavy rainfall on specific dates according to the IMD bulletin.
- Jharkhand has recorded a surplus of rainfall ranging from 69% to 157% in various districts from June 1 to July 12.
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Bloomberg Quint
11h
158
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Kolte-Patil Q1 Business Update: Pre-Sales Dip 13% On Lower Real Estate Volumes
- Kolte-Patil Developers' Q1 sales realisation dipped to Rs 7,337 per square feet from Rs 7,407 per square feet.
- The company's sale bookings declined 13% to Rs 616 crore in the first quarter due to lower volumes and average price realisation.
- Sales volume in April-June fell 12.5% to 0.84 million square feet from 0.96 million square feet in the previous year.
- In June, Blackstone acquired a 14.3% equity stake in Kolte-Patil Developers.
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Bloomberg Quint
11h
567
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Tata Technologies Q1 FY2026 Results: Date, Earnings Call Details, Share Price History And More
- Tata Technologies is set to announce its Q1 FY26 financial results for the quarter ended June 30, 2025, next week.
- The company has scheduled a Board of Directors meeting on July 14 to consider and approve the financial results and review reports for the same period.
- Tata Technologies will hold an investor and analyst conference call on July 14 to discuss its financial performance, including a Q&A segment.
- Tata Technologies reported a rise in net profit for the previous quarter, while its share price history shows fluctuations with a 52-week high and low recorded.
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Bloomberg Quint
12h
151
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'Why Did You Cut Off The Fuel?' — Final Cockpit Audio Reveals Confusion Before Air India Crash
- A preliminary report on the Air India Flight AI171 crash reveals cockpit audio and technical data shedding light on the moments before the Boeing 787-8 Dreamliner went down, killing over 270 people.
- Seconds after takeoff, fuel control switches on the aircraft moved from 'RUN' to 'CUTOFF', resulting in the abrupt severing of fuel supply to the engines, leading to confusion and urgency in the cockpit.
- Efforts were made to restart the engines by moving the switches back to 'RUN', but moments later, a MAYDAY call was issued, and the aircraft crashed outside the airport boundary within 32 seconds of flight.
- The investigation is ongoing to determine the cause of the fatal shutdown, with attention on the potentially incorrectly installed fuel switches and the precise sequence of events in the final moments of the flight.
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Bloomberg Quint
12h
90
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Meta Acquires Voice AI Startup PlayAI, Continuing To Add Talent
- Meta Platforms Inc. has acquired PlayAI, a voice AI startup, with the entire PlayAI team set to join Meta next week.
- Meta has been focusing on AI as a top priority, investing heavily in infrastructure and recruiting talent, with the recent restructuring of its AI division.
- The financial terms of the acquisition were not disclosed, but it aligns with Meta's work in AI Characters, Meta AI, Wearables, and audio content creation.
- A Meta spokesperson confirmed the acquisition but declined to comment further on the details.
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Bloomberg Quint
12h
584
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IIFL Home Finance Gets $100 Million From AIIB
- IIFL Home Finance secures a $100 million financing from the Asian Infrastructure Investment Bank to enhance affordable housing finance for economically weaker sections and lower income groups while promoting green building standards.
- The collaboration includes extending home loans to families from EWS and LIG segments for purchasing or constructing homes in urban and semi-urban areas.
- IIFL Home Finance will also finance affordable housing developers focusing on projects integrating green certification standards to reduce environmental impact and increase sustainability.
- The funding from AIIB supports IIFL HFL's green housing portfolio and aligns with India's sustainable urban development goals, particularly under the Pradhan Mantri Awas Yojana Urban initiative.
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Bloomberg Quint
12h
318
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Musk’s xAI Seeks Up To $200 Billion Valuation In New Funding
- Elon Musk's artificial intelligence company, xAI Holdings, is in talks to raise up to $200 billion in new funding.
- xAI recently raised $10 billion, split between debt and equity, and aims to raise another $10 billion in new funding.
- The company's new AI model, Grok 4, is claimed to be 'smarter than almost all graduate students' and outperforms competitors on certain benchmarks.
- Despite its advancements, xAI faced challenges including leadership changes and addressing inappropriate content on its platforms, while also reportedly burning through $1 billion monthly as it invests in AI development.
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Bloomberg Quint
12h
436
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Adani Green Allots Balance 1.08 Crore Convertibles Warrants To Ardour
- Adani Green Energy Ltd. has allotted 1.08 crore equity shares to Ardour Investment Holding by converting convertible warrants into fully paid-up equity shares.
- The conversion was made against the receipt of the balance subscription amount of Rs 1,110.56 per warrant, totalling over Rs 1,199 crore.
- Adani Green reported a 45% year-on-year increase in its renewable energy generation capacity, with an operational RE portfolio standing at 15,816 megawatts as of June 2025.
- The company achieved a 42% increase in renewable energy sales and the capital raised through the warrant conversion will support Adani Green's long-term growth plans.
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Bloomberg Quint
14h
80
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AI 171 Crash: No Pilot Error, Focus Should Be On Engine Shutdown, Says Captain CS Randhawa | Profit Exclusive
- Captain CS Randhawa states that no pilot error was involved in the Air India AI-171 crash and highlights the need to focus on the fuel cut-off that caused the engine shutdown.
- The preliminary report by AAIB indicated that both fuel control switches on the Boeing 787 Dreamliner were moved from 'RUN' to 'CUTOFF' in quick succession, resulting in a fatal dual-engine flameout.
- Captain Randhawa points out that manual intervention is necessary to move the guarded and spring-loaded fuel control switches, dismissing the possibility of accidental movement during the flight.
- He suggests a potential electrical power interruption affecting the Full Authority Digital Engine Control (FADEC) as a cause, ruling out deliberate pilot action and emphasizing the rigorous training provided to Air India pilots.
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Bloomberg Quint
14h
59
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Ola Electric Q1 Results Next Week — All You Need To Know
- Ola Electric Mobility Ltd. will announce its Q1 financial results for the quarter ended June 30, 2025, next week on Monday.
- The Board of Directors will meet on July 14 to approve the unaudited standalone and consolidated financial results, with the trading window for dealing in company's securities closed until 48 hours after the results declaration.
- An earnings conference call is scheduled on July 14, 2025, where company executives will discuss the financial performance and address questions from analysts and investors.
- In Q4FY25, Ola Electric reported a widened net loss of Rs 870 crore and a revenue decline. The stock price history shows a decline over various time frames, hitting a 52-week high and low.
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