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Bloomberg Quint
5d
373
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Religare Board Approves Rs 1,500-Crore Fundraise As Burman Family Looks At Fund Infusion
- Religare's board has approved a Rs 1,500 crore fundraise through preferential allotment, allowing the Burman family to increase their stake.
- The fundraise involves issuing 6.38 crore warrants at a discounted price of Rs 235 per warrant, convertible into equity shares within 18 months.
- Entities linked to the Burman family will contribute Rs 750 crore, with other investors like JM Financial Credit and Ashish Dhawan providing the remaining Rs 750 crore.
- The funds raised will support business expansion and new strategic initiatives, increasing the Burman family's stake in Religare to around 29.6% from 25.7%.
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Startup Story
5d
492
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Flipkart Ventures Launches Leap Ahead 4.0 to Back Early-Stage Startups in AI, Drones, and Quick Commerce
- Flipkart Ventures has launched Flipkart Leap Ahead 4.0, an accelerator program to support early-stage startups in AI-native technologies, drone solutions, and quick commerce enablement.
- The program offers equity investments up to $500,000 and mentorship from Flipkart's leadership and venture capitalists, focusing on India's tech and logistics landscape.
- Since its launch, Flipkart Leap Ahead has nurtured startups like Dopplr and Livwell, helping them raise follow-on capital and scale with Flipkart's support.
- The initiative showcases Flipkart's commitment to fostering innovation in India's digital economy by targeting cutting-edge sectors to unlock new solutions for commerce, logistics, and customer engagement.
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Bloomberg Quint
5d
73
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Net Direct Tax Collections Dip 1.34% Amid Decline in Corporate Taxes, Surge In Refunds
- India's net direct tax collection for the current fiscal year has decreased by 1.34% compared to the previous year, standing at Rs 5.63 lakh crore.
- The decline in net inflows is mainly due to a 3.81% decrease in corporate tax collections, while non-corporate tax collections remained steady.
- Gross direct tax collection, however, saw a modest growth of 3.17% year-on-year, amounting to Rs 6.65 lakh crore.
- The increase in refund outgo by 38% to Rs 1.01 lakh crore has offset gains in gross collection, impacting the net tax mop-up.
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Bloomberg Quint
5d
3.6k
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RBI Imposes Penalty On HDFC Bank, Shriram Finance
- The Reserve Bank of India has imposed a penalty of Rs 4.88 lakh on HDFC Bank for contravention of norms related to foreign investment in India while granting a term loan to a client.
- Additionally, a penalty of Rs 2.70 lakh was imposed on Shriram Finance Limited for non-compliance with certain provisions of the Reserve Bank of India's Digital Lending Directions, 2025.
- RBI's penalties were based on deficiencies in regulatory compliance and not on the validity of any transactions or agreements entered into by the entities with their customers.
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Bloomberg Quint
5d
321
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China Bans Surgical Treatment Of Alzheimer’s
- China has banned the surgical treatment of Alzheimer’s disease after concerns about its safety and effectiveness.
- The procedure known as lymphatic-venous anastomosis (LVA) aimed to boost the removal of harmful brain proteins to slow the disease's progression.
- The National Health Commission found a lack of high-quality evidence supporting the safety and efficacy of this surgery for Alzheimer's treatment.
- Local health authorities have been advised to halt Alzheimer's treatment with LVA surgery until more evidence is gathered, despite the procedure's growing popularity in China.
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Bloomberg Quint
5d
400
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Tesla Likely To Begin First Deliveries In India From August
- Tesla is set to open its first showroom in India in Mumbai and begin deliveries as early as next month.
- A second showroom in New Delhi is also expected to open in late July.
- Deliveries in India are anticipated to start from late August, with customers able to configure and order Tesla EVs starting next week.
- Tesla's entry into India follows a decline in global sales, with the Model Y SUVs expected to be sold at a premium due to high import duties.
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Bloomberg Quint
5d
376
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Air India Plane Crash: AAIB's Preliminary Report Expected 'Very Soon', Says Civil Aviation Minister Naidu
- The Aircraft Accident Investigation Bureau's (AAIB) preliminary investigation report on the fatal Air India plane crash in Ahmedabad last month is expected soon, according to Civil Aviation Minister K Rammohan Naidu.
- The Air India Boeing 787-8 aircraft crashed into a medical hostel complex after takeoff from Ahmedabad, resulting in 260 fatalities, with one survivor.
- Under International Civil Aviation Organization norms, AAIB can submit a preliminary report within 30 days of the accident.
- The crash was significant as it marked the first fatal accident resulting in hull loss for the Boeing 787 Dreamliner.
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Bloomberg Quint
5d
363
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Central Support To Meghalaya Increased 231% In A Decade: Sitharaman
- Union Finance Minister Nirmala Sitharaman announced a 23% increase in central financial support to Meghalaya over the past 10 years.
- Between 2014 and 2024, Meghalaya received Rs 89,335 crore in tax devolution and Grants-in-Aid, a significant increase from the Rs 26,973 crore received between 2004 and 2014.
- Tax devolution alone increased by 572%, jumping from Rs 7,273 crore to Rs 48,883 crore in the last decade. Grants-in-Aid also rose notably from Rs 19,700 crore to Rs 40,452 crore.
- The financial assistance has led to the transformation of Meghalaya's development landscape, empowering the state to undertake infrastructure projects, enhance connectivity, and improve public services in education and healthcare.
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Bloomberg Quint
5d
355
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Earthquake Tremors Felt Again In Delhi-NCR
- Earthquake tremors were felt in Delhi and the adjoining NCR region, originating from the Jhajjar region in Haryana with an intensity of 3.7 on the Richter scale.
- This occurred a day after a 4.4 magnitude earthquake struck the same area, causing tremors felt across several districts.
- Areas like Rohtak, Gurugram, Panipat, Hisar, and Meerut were also affected by the recent seismic activities on July 10th.
- The news article is not eligible for a web story as it lacks details or updates beyond the occurrence of the earthquake tremors in Delhi-NCR.
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Medium
5d
396
Africa doesn’t need more Decks, It needs more Builders.
- The current system in Africa rewards shiny storytelling over gritty execution in the startup ecosystem.
- Most global investors looking at Africa tend to invest in founders who fit a Western mold, favoring polished slides and accents over genuine traction.
- African founders often face challenges like limited infrastructure and technical talent, yet they are expected to prioritize pitch storytelling over building sustainable businesses.
- To foster genuine entrepreneurship in Africa, there is a need to shift investment practices to support the region's true builders and for founders to focus on purposeful execution over superficial presentation.
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Bloomberg Quint
5d
286
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Indian Super League 2025–26 Season Put 'On Hold' By Organisers
- The Indian Super League 2025-26 season has been put 'on hold' due to uncertainty surrounding the renewal of the Master Rights Agreement between the event organizers and the All India Football Federation.
- The current Master Rights Agreement between Football Sports Development Limited (FSDL) and the AIFF is set to expire on December 8, 2025, creating uncertainty for the upcoming season.
- FSDL mentioned that without clarity on the contractual framework post-December, they are unable to effectively plan, organize, or commercialize the 2025-26 ISL season, leading to the decision to put it on hold.
- The ISL organizers assured that the decision was not taken lightly and the season will remain on hold until further clarity emerges on the contractual structure beyond the current MRA term.
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Bloomberg Quint
5d
1.1k
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Uber Shuttle, Cityflo To Shut In Mumbai? Transport Minister Orders Crackdown, Say Reports
- Maharashtra Transport Minister Pratap Sarnaik has ordered a crackdown on aggregator bus services, including Uber Shuttle and Cityflo, in Mumbai for operating without the necessary license.
- Strict actions will be taken against senior RTO officials who failed to address the issue of unauthorized bike taxis and aggregator buses operating illegally in the city.
- Sarnaik mentioned that a policy for bus aggregators could be devised for the benefit of commuters, but illegal operations of these app-based buses must cease.
- Cityflo reportedly stated that they have applied for a license and are cooperating with the state government for compliance, indicating their willingness to work with authorities for offering bus services.
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Bloomberg Quint
5d
122
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NCC Bags Rs 2,269-Crore Contract For Mumbai Metro Line 6 Development
- NCC Ltd. secured a Rs 2,269-crore contract for the development of Mumbai Metro Line 6, involving various infrastructural requirements.
- Construction for the project is expected to span over 24 months, with additional maintenance periods.
- NCC will be responsible for designing, manufacturing, supplying, and installing platform screen doors, signaling systems, train control, telecommunication systems, and rolling stock integration.
- Stock performance of NCC has seen a slight decrease, but analyst ratings remain positive with a potential upside in the stock.
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TechCrunch
5d
384
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Just 4 days until TechCrunch All Stage kicks off in Boston — and the lowest ticket prices vanish
- TechCrunch All Stage 2025 in Boston will take place at SoWa Power Station on July 15, with a limited time to save up to $475 on tickets.
- The event is geared towards founders, builders, and backers, offering valuable insights and advice for those at different stages of their startup journey.
- Key speakers include industry leaders discussing topics such as navigating the VC landscape, sustainable company-building, fundraising mistakes to avoid, and leveraging innovation.
- The agenda includes sessions on fundraising, scaling, pitching competitions, networking opportunities, and after-hours events, aiming to help startups accelerate their growth.
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Bloomberg Quint
5d
103
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BSE, NSE Warn Of Online-Bond-Platform Risks; Urge Investors To Do Due Diligence Before Investing
- The National Stock Exchange and BSE issued a public advisory warning investors about the risks associated with online bond platform providers and emphasized the importance of understanding bond characteristics, risks, and costs.
- Investors are urged to check SEBI registration, review credit ratings, understand issuer repayment history, assess liquidity, be aware of settlement processes and tax implications before investing through online platforms.
- Exchanges recommend using a rating-based risk scale akin to a mutual fund risk-o-meter to evaluate different bond risks. Concepts like Yield to Maturity and coupon rate are highlighted to help investors understand returns and interest rate impacts.
- The advisory underlines the inverse relationship between bond prices and yields, emphasizing the importance of understanding interest rate risk and associated costs to accurately assess final returns.
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