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Bloomberg Quint
5d
208
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Saudis Lift Oil Output Above Quota in Rare OPEC+ Breach
- Saudi Arabia, along with other OPEC+ members, exceeded its crude production quota last month amidst global oil market surplus and geopolitical tensions.
- The International Energy Agency reported that Saudi Arabia raised crude output by about 700,000 barrels a day to 9.8 million barrels a day, with a significant portion being exported.
- Other countries like Iraq, Kuwait, and the United Arab Emirates also surpassed their OPEC quotas, while Iran saw a decline in production.
- Despite the surplus and slower global oil demand growth, oil prices remain under pressure, with futures trading around $69 a barrel.
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Bloomberg Quint
5d
98
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Google Pixel 10 Pro Camera Leaked, Pixel 10 Pro Fold Geekbench Score Lower Than Snapdragon 8 Elite Phones
- A listing on a Chinese auction site reveals leaked images of what appears to be a prototype of the Pixel 10 Pro, showcasing its pill-shaped metal camera module and confirming rumors about Google's Tensor G5 chipset.
- The Pixel 10 Pro is speculated to feature a triple rear camera setup including a 48MP primary camera, a 12MP ultrawide lens, and a 10.8MP telephoto with 5x optical zoom, along with a flat display and a hole-punch front-facing camera.
- Another report indicates that the Pixel 10 Pro Fold has been listed on Geekbench, revealing its performance with an octa-core processor, 16GB of RAM, and achieving scores of 2,276 in single-core and 6,173 in multi-core tests, which are lower than Snapdragon 8 Elite phones.
- While the Pixel 10 Pro Fold's performance on Geekbench is behind Snapdragon 8 Elite phones, it is expected to improve with optimized hardware and software in the final retail version.
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Bloomberg Quint
5d
49
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RBI Clarifies Norms For Agri, MSME Loans Against Gold, Silver Collateral
- The Reserve Bank of India clarified that banks can extend agricultural and MSME loans against voluntarily pledged gold and silver within permissible limits.
- This clarification allows borrowers, particularly small farmers and micro enterprises, to use their personal gold or silver as collateral for formal credit access.
- The move is aimed at improving credit access in rural and informal segments where gold assets are a common form of security.
- RBI's recent directive, Lending Against Gold and Silver Collateral Directions, 2025, aims to streamline regulations around precious metal-backed loans.
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Siliconangle
5d
69
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Intel’s RealSense spins out with $50M in funding to help AI humanoid robots see the world
- Intel's computer vision subsidiary RealSense has become a standalone company after receiving $50 million in funding.
- The funding round, led by an unnamed semiconductor private equity firm, will enable RealSense to expand into AI, robotics, and biometrics markets.
- RealSense specializes in depth and tracking for robots and drones, with popular 'depth cameras' that help devices perceive and understand 3D environments.
- The company sees significant opportunities in the robotics and biometrics markets as it plans to accelerate its product development and expand its team with the funding.
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Bloomberg Quint
5d
1.3k
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Adani To Create World-Class, Affordable, AI-First Healthcare Ecosystems
- Gautam Adani plans AI-first healthcare ecosystem integrating affordability, scalability, global best practices.
- He envisions world-class, affordable, AI-first healthcare campuses with Mayo Clinic collaboration.
- Focus on integrated care, modular infrastructure, technological education, patient-centric insurance models.
- Adani urges medical entrepreneurs for AI-powered diagnostics, global robotic care, and academic training.
- Adani's healthcare mission aims to address rural-urban healthcare imbalance and strengthen India's healthcare system.
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AllTopStartups
5d
14
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The 4% We Bet On: An Investor’s Perspective on Series A Success
- Zubr Capital backs 3-5 tech companies yearly during Series A or B stages.
- Less than 4% companies make it through annual funnel process.
- Challenges faced by companies aiming for Series A investment are discussed in detail.
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Bloomberg Quint
5d
914
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UBS Sees Telecom Quarter On Silent Mode; No Buy Calls On Any Stock In Sector
- UBS has downgraded Bharti Airtel to 'sell' and Vodafone Idea to 'neutral', citing rich valuations and potential delays in tariff hikes.
- UBS raised its price target on Bharti Airtel but slashed it for Vodafone Idea. The sector is viewed as 'priced for perfection' with no buy-rated stocks by UBS.
- UBS expects a 'boring' quarter ahead for the telecom sector in fiscal 2026, with limited movement in core metrics. Bharti Airtel and Vodafone forecast modest revenue growth.
- The medium-term revenue estimates for Vodafone Idea have been lowered by UBS due to ongoing funding delays, with capex forecasts also reduced.
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Bloomberg Quint
5d
357
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Anthem Biosciences IPO — Should You Subscribe Or Not? Read Anand Rathi's Report
- Anthem Biosciences Ltd. is set to launch its IPO on July 14 with a price band ranging from Rs 540 to Rs 570 per share.
- The IPO, totaling Rs 3,395 crore, consists of an offer-for-sale component of 5.96 crore shares and will close for subscription on July 16.
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Bloomberg Quint
5d
150
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'Healing With Humanity...': Gautam Adani On Why Munna Bhai MBBS Is Among His Favourite Films
- Gautam Adani, Adani Group Chairman, shared why 'Munna Bhai MBBS' is one of his favorite films during a conference.
- Adani highlighted the film's message of healing with humanity going beyond surgery.
- He drew parallels between the film's message and the work of spine surgeons, emphasizing the importance of restoring resilience.
- Adani shared personal anecdotes and encouraged budding entrepreneurs to act with courage and perseverance.
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Bloomberg Quint
5d
121
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Siemens Bags Orders Worth Rs 773 Crore From Maharashtra Metro Rail Corporation
- Siemens has secured two orders worth Rs 773 crore from Maharashtra Metro Rail Corporation for providing advanced signalling and telecommunication technologies for Nagpur Metro Rail.
- The total time frame for project execution is about 42 months.
- The orders include the design, manufacture, supply, installation, testing, and commissioning of Communication-Based Train Control signalling technology for the Nagpur Metro Rail Project Phase 2.
- Siemens' technologies will enhance train frequency, improve passenger experience, ensure punctuality, energy savings, optimized headways, and the highest safety standards across the metro network.
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Pymnts
5d
68
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Robinhood CEO’s AI Math Wiz Valued at $900M
- Harmonic AI, a startup co-founded by Robinhood Markets CEO Vlad Tenev, has raised $100 million in a Series B round, making its valuation $875 million.
- The company aims to develop AI systems capable of solving complex math problems more effectively than current large language models.
- Funding was led by Kleiner Perkins, with plans to release their flagship model, Aristotle, later this year to outperform humans at math.
- While focusing on verifiable reasoning in AI outputs, Harmonic's ambitions extend beyond math to tackle unsolved problems in physics and computer science in the future.
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Bloomberg Quint
5d
323
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Influencer Content Outperforming Traditional Ads? Kantar Says 2X More Effective
- Kantar's report reveals that influencer content is twice as effective as traditional advertisements, with viewers spending an average of 17.8 seconds on influencer content compared to 7.9 seconds on normal branded content.
- 67% of consumers trust influencer recommendations more than traditional ads, according to Kantar's study.
- Influencer content scores higher in average visibility duration, aiding short-term sales and showing strengths in 'brand attributes' and 'purchase intent'. However, its long-term brand equity impact is reported to be weaker.
- The report also highlights a shift towards shorter ad durations in both social media and television, with short-form ad content gaining popularity. Kantar also announced the winners of 'Kantar Creative Effectiveness Awards India 2025', with Ogilvy securing three awards.
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Bloomberg Quint
5d
217
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Rupee Vs Dollar: Indian Currency Slips After Three Weeks Of Gains Over Trade Woes
- The Indian rupee slipped after a three-week gaining streak against the US dollar, ending 0.5% lower for the period ending July 11.
- The rupee depreciated by 16 paise to close at 85.80 for a dollar on Friday amidst trade concerns.
- President Donald Trump's tariff threats and uncertainties around US trade policy have pressured the rupee and other Asian currencies.
- The dollar index rose 0.6% this week, impacting currency movements, with the rupee being the second-worst performer in Asia.
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Bloomberg Quint
5d
202
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India Plans Rs 1,345-Crore Scheme To Boost Rare-Earth-Magnet Production Amid China's Export Restrictions
- India plans a Rs 1,345-crore scheme to boost rare-earth-magnet production to secure critical supply chains for clean energy and manufacturing amid China's export restrictions.
- The scheme aims to incentivize domestic production of rare earth magnets essential for electric vehicles, wind turbines, and other applications, reducing strategic risks posed by sudden supply disruptions or price shocks.
- This initiative falls under the self-reliant India program to localize production of key components in high-tech industries and reduce reliance on China's dominance in the global supply chain for rare earth elements.
- India lacks large-scale processing and magnet-making capabilities for rare earth minerals, relying on imports from China and other suppliers, highlighting the importance of boosting domestic production.
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Bloomberg Quint
5d
385
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Sales Volume Of Used Cars Likely To Grow 8-10% In FY26: Crisil Ratings
- The sales volume of used cars is projected to increase by 8-10% in the 2025-26 fiscal year as per a report by Crisil Ratings.
- Improved digital adoption and access to finance are key drivers for this growth, with sales expected to reach around six million units.
- The ratio of used-to-new car sales has risen to 1.4 in five years, and the market value of used cars is estimated to be around Rs 4 lakh crore.
- Organised players in the sector are incurring high operational costs but are expected to achieve breakeven at the operating profit level in the current fiscal year.
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