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Bloomberg Quint
18h
741
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8th Pay Commission: Fitment Factor Range 1.83 To 2.46, Says Brokerage — Check Expected Salary Hike
- Ambit Capital estimates fitment factor for 8th Pay Commission, with a base salary example.
- Expected range for fitment factor is 1.83 to 2.46, showing potential salary increase.
- Previous 7th Pay Commission had a fitment factor of 2.57, presenting historical perspectives.
- Estimated salary hikes range from 83% to 146% due to fitment factor adjustments.
- Effective salary hike could be 30-34% with the reset of dearness allowance.
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Bloomberg Quint
20h
52
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Air India Crash Preliminary Report Reveals Twin Engine Shutdown Mid Air Due To Fuel Supply Cut
- The preliminary report by the Aircraft Accident Investigation Bureau revealed that the twin engines of the Air India flight shut down mid-air due to fuel supply being cut off, leading to a rapid descent and crash outside the airport perimeter.
- There was confusion between the pilots in the cockpit, with one pilot asking why the fuel was cut off, although neither had acknowledged turning off the switches. Efforts to restart the engines were unsuccessful.
- The aircraft hit its top airspeed and moments later, the fuel cut off switches moved from 'RUN' to 'CUTOFF' position. A backup power device deployed after a total loss of power was indicated by CCTV footage.
- The investigation also found no significant bird activity near the flight path and that the crew was medically fit and experienced. Air India had not inspected its planes despite an advisory about a fuel-control switch locking feature.
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Siliconangle
22h
223
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xAI reportedly raising new funding at up to $200B valuation
- xAI Holdings Corp. is reportedly in talks to raise new capital at a valuation of $170 billion to $200 billion, with Saudi Arabia’s PIF sovereign wealth fund expected to have a significant role in the investment.
- The company raised a $5 billion funding round earlier this month and introduced a new flagship large language model called Grok 4 that set records across various AI benchmarks.
- xAI plans to spend $18 billion on expanding its compute infrastructure, aiming to increase the number of graphics cards in its supercomputer named Colossus.
- The company expects to generate $500 million in revenue this year and anticipates annual sales to reach $19 billion by 2029, with plans to launch new products like versions of the Grok 4 model optimized for video generation and coding tasks.
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The Robot Report
1d
105
Kraken Robotics nets $115M for marine systems in public offering
- Kraken Robotics Inc. closed an underwritten public offering, raising over $115 million by offering 43.2 million common shares at $2.66 per share.
- The successful equity offering demonstrates investor support and Kraken's vision to scale its business, pursue acquisitions, and enhance value for customers and shareholders.
- Kraken specializes in subsea imaging technologies, offering 3D imaging sensors, power systems, and uncrewed maritime systems to address ocean challenges.
- The company acquired 3D at Depth Inc., focusing on high-resolution lidar imaging, as it aims to secure global contracts and expand its presence in the marine systems industry.
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Massivelyop
1d
37
Star Citizen highlights the new Meteor combat ship arriving in alpha 4.2.1
- Star Citizen introduces the Meteor combat ship in alpha 4.2.1, resembling RSI Mantis with increased firepower and focus on combat capabilities.
- The Meteor is a medium-sized fighter designed for daily space travel and missions, featuring two size 5 ballistic cannons, repeaters, gatling guns, missile racks, and hidden compartment for FPS weapons.
- The release date for alpha 4.2.1 and the Meteor ship is yet to be announced, but backers can currently test the new build in the PTU, offering a glimpse at new features like the Volt pistol and ship escort missions.
- Star Citizen remains in alpha development since its Kickstarter in 2012, now crowdfunded with over $800M, facing delays in its completion and criticism, while also being the highest-crowdfunded video game of all time.
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Siliconangle
1d
64
Image Credit: Siliconangle
LGND raises $9M to help AI models analyze geospatial data
- LGND AI Inc. secures $9 million in funding to upgrade its cloud platform for processing satellite images using AI models.
- The seed round was led by Javelin Venture Partners with participation from various investors and angel investors.
- LGND's platform converts satellite images into embeddings for AI analysis without requiring code, allowing customization and data enrichment.
- The company plans to enhance features for processing geospatial data, including support for Anthropic PBC’s MCP protocol.
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Bloomberg Quint
1d
229
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Italy Qualifies For 2026 T20 World Cup For First Time
- Italy's men's cricket team, led by former Australian opener Joe Burns, qualifies for the 2026 T20 World Cup for the first time.
- They secured the qualification in the ICC T20 Men's Europe Region final, despite losing to the Netherlands, based on a superior net run rate over Jersey.
- Key players like Burns, Grant Stewart, Emilio Gay, and Jaspreet Singh contributed to Italy's success, with dynamic performances in crucial matches.
- While Italy celebrates their cricketing milestone, their national football team's qualification for the 2026 FIFA World Cup in the Americas remains uncertain.
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Bloomberg Quint
1d
181
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Ruoming Pang: The Data Engineer Who Meta Paid Over $200 Million To Poach From Apple
- Former Apple's 'Distinguished Software Engineer', Ruoming Pang, was hired by Meta Platforms Inc. for over $200 million to join its superintelligence team.
- Meta's offer surpassed Apple's compensation norms, as Apple reportedly does not pay its department heads similar packages.
- Pang spent four years at Apple working on foundation models and had a notable career at Google before.
- His contributions include co-founding Zanzibar, leading Google Brain's speech recognition research, and working on key projects like the Babelfish/Lingvo framework and Tacotron 2.
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Bloomberg Quint
1d
26
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Buy, Sell Or Hold: Trent, Vedanta, Ashok Leyland, SpiceJet, Ireda — Ask Profit
- Market analysts provided insights on the stocks Trent, Vedanta, Ashok Leyland, SpiceJet, Ireda, and Bajaj Housing Finance on NDTV Profit's Ask Profit show.
- Trent: Analyst suggests wait and watch due to recent price crash and expensive valuations.
- Vedanta: Analyst recommends holding the stock for its diversification and demerger opportunity.
- SpiceJet: Analyst advises against buying given high volatility and selling pressure.
- Ireda: Analyst advises holding the stock for a potential bounce back.
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Bloomberg Quint
1d
140
Image Credit: Bloomberg Quint
Jane Street: Questions Linger
- SEBI's action against Jane Street raises concerns about India's financial market integrity.
- Accusations of market manipulation and regulatory failures cast doubts on market oversight.
- Allegations of biased treatment and questionable policies urge for a thorough institutional cleanup.
- Structural flaws in market design demand multi-pronged reforms for restoring faith in markets.
- Bold actions are necessary for maintaining a fair, transparent, and rigorously policed market.
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8 Likes
TechBullion
1d
525
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FundingPips: Revolutionizing the Prop Firm Landscape with Innovation and Trader-First Approach
- FundingPips is transforming prop firm landscape by prioritizing traders' success and innovation.
- The firm ensures no payout denials, different professional platforms, and instant withdrawal processes.
- With a community-driven approach and transparency, FundingPips takes prop trading to new heights.
- Emphasizing continuous innovation, the firm remains a strong partner for trader success and growth.
- FundingPips leads with $125 million paybacks, diverse user base, and trader-first services.
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Bloomberg Quint
1d
233
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GIFT City Unlocks $5-Billion Opportunity Annually For Domestic Aviation Industry: Naidu
- GIFT City in Gandhinagar has unlocked a $5-billion opportunity annually for the domestic aviation industry by providing ease of aircraft leasing.
- Aircraft leasing in GIFT City offers tax benefits and a relaxed, cost-effective leasing process, leading to a reduction in leasing costs by 10 to 15%.
- Civil Aviation Minister K Ramamohan Naidu highlighted that with 80% of the commercial fleet in India currently on lease, GIFT City presents a significant opportunity for the Indian aviation industry.
- Naidu emphasized that aviation plays a crucial role in economic transformation, with airports serving as hubs of economic activity and growth drivers.
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Bloomberg Quint
1d
321
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Japan's Ambassador, Minister Of Economic Development Meet Gujarat CM To Discuss Economic Ties
- Japan's Ambassador to India and Minister of Economic and Development Affairs met Gujarat Chief Minister to discuss economic ties.
- The Ambassador highlighted Japan's intent to deepen ties with Gujarat and appreciated the state government's support to Japanese companies.
- The Chief Minister emphasized the supportive environment in Gujarat for Japanese businesses and the successful implementation of past agreements between India and Japan.
- Focus was on the growth of semiconductor industries, with Japan expressing interest in investing in Dholera Special Investment Region and exploring opportunities in electric vehicle manufacturing in Gujarat.
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Bloomberg Quint
1d
8.8k
Image Credit: Bloomberg Quint
TCS Q1 Highlights: Revenue Declines, Profit Beats; AI Momentum Builds, Outlook Cautiously Optimistic
- TCS reported mixed results in Q1 FY26 with revenue decline but profits above expectations.
- The company remains optimistic about a stronger fiscal year 2026, especially in international markets.
- AI-led services are gaining traction, and TCS continues to invest in capacity and long-term growth.
- While facing challenges like deal delays and cautious client spending, TCS sees early AI traction and profitability as positive indicators.
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9 Likes
Bloomberg Quint
1d
0
Image Credit: Bloomberg Quint
Devendra Fadnavis Says Work On Offshore Vadhvan Airport Likely To Commence Next Year
- Maharashtra Chief Minister Devendra Fadnavis announced that work on the offshore Vadhvan Airport, the country's first, is expected to begin next year.
- The government has already appointed an agency to prepare a detailed project report (DPR) for the airport.
- Fadnavis mentioned that the Vadhvan Airport will be the third airport in the Mumbai Metropolitan Region.
- The chief minister highlighted the importance of airport development in attracting investment and promoting economic growth in the region.
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