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Eu-Startups

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British FinTech Marshmallow secures €79 million to provide motor insurance for those new to the UK

  • London-based motor insurer Marshmallow has raised €79.4 million in funding.
  • The funding will be used to expand the company's product offering and support international expansion.
  • Marshmallow aims to become a one-stop-financial-shop for newcomers, making living in a new country easier and more affordable.
  • The company plans to offer financial products to people who have relocated to countries other than the UK.

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Bloomberg Quint

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Apple iPhone 17 And 17 Pro Max Leaks Reveal Big Changes Ahead: Chipset, Camera, Battery

  • The iPhone 17 and the iPhone 17 Pro Max are rumored to have significant updates in terms of camera, battery, and chipset.
  • Camera upgrades include a 24MP front camera for the regular iPhone 17 and three 48MP cameras (wide, ultra-wide, and telephoto) on the Pro Max.
  • Battery improvements are expected, with a bigger battery and 35W fast charging for the iPhone 17.
  • Both models will feature a 6.3-inch and 6.9-inch display, respectively, with 120Hz refresh rates and anti-reflective screens.

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Bloomberg Quint

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Samsung Galaxy Z Flip 6 Price Drops By Rs 27,000 – Grab The Deal Now

  • A new price cut has made the Galaxy Z Flip 6 more affordable for those looking for a taste of Samsung's premium foldable tech.
  • The Galaxy Z Flip 6 is now available on Flipkart at a price of Rs 82,999 after a flat discount of Rs 27,000.
  • The phone features a 6.7-inch Dynamic AMOLED 2X display, Snapdragon 8 Gen 3 processor, and a 50MP main sensor.
  • With its stylish design and reduced price, the Galaxy Z Flip 6 is worth considering for those interested in a foldable phone.

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Bloomberg Quint

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Japan Orders Google To Stop Forcing Phone Makers To Use its Apps

  • Japan’s Fair Trade Commission ordered Alphabet Inc.’s Google to stop alleged abuse of its market power over local smartphone manufacturers by forcing them to prioritize its apps and services on their devices.
  • The announcement comes just ahead of Economic Revitalization Minister Ryosei Akazawa’s planned visit to the US this week for trade negotiations, where Japan is seeking reprieve from President Donald Trump’s tariffs.
  • Google allegedly capitalized on the struggles of Japanese smartphone makers to maintain market share by demanding them to bundle the Chrome browser and promote it on each handset's home screen.
  • Japan's cease-and-desist order marks the country's first command to any leading US tech firm and follows the worldwide examples set by regulators in rebuking Google and Apple for alleged anti-competitive tactics.

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Bloomberg Quint

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Reddit User Says Unable To Buy 3BHK In Gurugram With Rs 1.8 Crore Budget; Sparks Debate On Real Estate Prices

  • A Reddit user shared their struggle on not being able to afford a 3BHK in Gurugram with a budget of Rs 1.8 crore.
  • The post sparked a debate on the affordability of real estate prices in Indian cities.
  • Some users mentioned that the prices of properties in Gurugram, particularly in good societies like DLF, have become unaffordable for budgets below Rs 2.5 crore.
  • The post also triggered a discussion on whether buying property in Gurugram is worth it, considering the issues such as congestion and pollution.

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Bloomberg Quint

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Hermès Market Value Surpasses LVMH, Which Once Tried To Buy It

  • Hermès surpasses LVMH in market value, the company that once tried to acquire it.
  • LVMH's first-quarter results and trade war threats lead to a significant drop in its market value.
  • Hermès' independent strategy pays off as it becomes the most valuable company on France's CAC40 index.
  • Hermès' focus on exclusivity and managed scarcity helps it weather the downturn in luxury goods demand.

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Bloomberg Quint

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Swiggy Launches Pyng For Consumers In Bengaluru

  • Food aggregator Swiggy has launched the consumer app for its services marketplace Pyng in Bengaluru.
  • The app aims to connect users with over 1,000 professionals across 100 specializations.
  • Pyng competes with rival Urban Company, which is preparing for an IPO with a fresh issue worth Rs 528 crore.
  • Swiggy had previously launched the business partner side of the app called Pyng Professional.

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Pymnts

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InvestiFi President: Credit Unions Must Offer Digital Investing to Retain Gen Z

  • Banks, especially small banks such as credit unions and community banks, risk losing account holders to investing platforms.
  • InvestiFi President, Todd Clark, believes that credit unions must offer digital investing solutions to retain Gen Z customers.
  • By providing a seamless continuum between checking and investment accounts, along with financial literacy education, banks can expand their financial services ecosystems.
  • InvestiFi offers a white-label platform to banks, allowing them to offer digital investing solutions and keep customer funds in-house.

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Global Fintech Series

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PowerPay Secures Investment-Grade Bond Issuance Led by KeyBank as Sole Placement Agent

  • PowerPay secures investment-grade bond issuance led by KeyBank as sole placement agent.
  • The capital infusion will strengthen PowerPay's balance sheet and support its expansion and innovation.
  • PowerPay is expanding its product suite to include secured lending and credit card offerings.
  • The company highlights its commitment to providing innovative financial solutions in a dynamic marketplace.

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Bloomberg Quint

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Samsung’s 2025 TV Lineup: Frame Pro And S95F OLED Packed With Features That Impress

  • Samsung introduced its 2025 TV lineup, featuring the Frame Pro and S95F OLED models.
  • The Frame Pro combines art and technology, with subtle updates to resemble artwork when not in use.
  • The S95F OLED focuses on high-end visuals and is designed to offer a premium movie experience.
  • Both models aim to meet evolving consumer preferences with distinct features and stand out in the market.

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Bloomberg Quint

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Samsung Launches AI-Powered Remote Diagnostic, Troubleshooting Tool In India To Enhance Service

  • Samsung has launched its Home Appliances Remote Management (HRM) tool, a remote diagnosis and troubleshooting solution that reduces service wait times and enhances customer experience.
  • The HRM tool utilizes AI-powered remote diagnostics and troubleshooting to provide rapid issue resolution and reduce downtime for customers.
  • It enables real-time issue resolution with remote counselling, monitoring, and control features for Samsung smart appliances registered on the SmartThings app.
  • The HRM system automatically detects the registered device's model and serial number, allowing contact centre advisors to remotely diagnose and troubleshoot certain appliance functions.

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Bloomberg Quint

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Motorola Edge 60 Fusion: Is This The Best-Looking Phone Under Rs 30K?

  • Motorola has launched the Edge 60 Fusion, a budget-friendly smartphone, in India.
  • The phone comes in three stylish Pantone colors and offers two variants with different RAM and storage capacities.
  • With a 6.67" pOLED display, 120Hz refresh rate, and impressive camera features, the Edge 60 Fusion targets the mid-range market.
  • It also includes a large battery, fast charging, and durability features, making it a good choice for various types of users.

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Bloomberg Quint

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Six Stocks In News At Noon: BSE, ICICI Bank, Adani Green, Dr. Reddy's, Among Others

  • Adani Green Energy's share price rose 5.41% as the company posted a strong business update for FY2025.
  • Ashoka Buildcon emerged as the lowest bidder for a Rs 568.86 crore order from Central Railway.
  • Dr. Reddy's Laboratories' share price rose nearly 4% after the company denied media reports of a 25% reduction in workforce costs.
  • BSE's share price surged 5.41% after announcing a 2:1 bonus issue and extended gains for a second straight session.

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Bloomberg Quint

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LVMH Shares Tumble As Weak China, US Demand Weighs On Sales

  • LVMH shares fell as much as 7.6% as weak China and US demand weighed on sales.
  • Revenue at LVMH's fashion and leather goods division dropped 5% in the first quarter.
  • The decline in sales has raised concerns about the broader luxury sector.
  • Shares of luxury rivals, including Prada and Kering, also fell.

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Bloomberg Quint

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IndiGo Share Price Hits Record High After Getting Its Most Bullish Target Price As Yet

  • Shares of IndiGo rose after receiving a bullish target price from Motilal Oswal Financial Services.
  • Motilal Oswal has upgraded IndiGo to a 'buy' rating and set a target price of Rs 6,550.
  • The upgrade is based on the revised Brent crude assumption of $65 per barrel for fiscal 2027, easing of oil prices, and the airline's growth potential.
  • IndiGo is also focusing on codeshare deals and technology innovations to improve operations and customer experience.

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