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Bloomberg Quint
6d
557
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AI Will Not Replace Jobs That Provide Services With High Reliability, Experts Say
- Experts suggest that AI will not replace jobs that provide reliable services with high efficiency.
- High-skilled jobs can be converted into low-skilled jobs with supervision, where humans play a vital role in training AI.
- The use of AI tools can enhance India's value chain, offering cheaper and more reliable services compared to firms in the US.
- Experts emphasize the importance of AI preparedness in the job market, with a projected 65% job transformation in the next few years.
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Bloomberg Quint
6d
140
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No Tax Notice Issued To Eknath Shinde; Case Selection Part Of Scrutiny Process: Govt Sources
- No tax notice has been issued to former Maharashtra Chief Minister Eknath Shinde, clarified government sources, regarding the recent scrutiny process based on pre-defined risk parameters.
- The scrutiny, part of the Computer-Assisted Scrutiny Selection system, flagged cases automatically without human intervention. Cases were selected if taxpayers claimed deductions exceeding Rs 5 crore under specific sections of the Income Tax Act.
- A notice was triggered for Lata Eknath Shinde, Eknath Shinde's wife, for claiming a deduction exceeding Rs 5 crore under certain provisions, but no notices were issued to Eknath Shinde or his son as part of the current cycle.
- The Income Tax Department highlighted that the scrutiny process is technology-driven and applied uniformly to all taxpayers, aiming to ensure digital interface through the Faceless Assessment Scheme.
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Bloomberg Quint
6d
347
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Brazilian Assets Fall As Trump's 50% Tariff Threat Roils Outlook
- President Donald Trump's threat of imposing 50% tariffs on all goods from Brazil has led to a drop in Brazilian assets, including a 0.8% decline in the real and a 1.5% dip in stock futures.
- The tariffs, initially expected to be 10%, have caused heightened volatility in Brazilian markets. Trump's letter cited Brazil's alleged interference in US elections as a reason for the increased levy.
- Brazilian President faces challenges in avoiding the tariffs due to legal constraints set by Trump. The situation has put markets on edge, leading to increased risk aversion and potential reassessment of companies with significant exposure to the US market.
- Analysts anticipate the tariffs to impact local assets negatively, necessitating reviews of cash flow and valuations for companies heavily reliant on the US market.
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Bloomberg Quint
6d
1.8k
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TCS Q1 Impact: Wipro, Infosys ADR Decline
- Wipro and Infosys American depositary receipts (ADRs) declined after Tata Consultancy Services Ltd. (TCS) reported its first-quarter results.
- Wipro's ADR fell over 6% to 2.8880, while Infosys ADR dropped nearly 4% to 18.07.
- TCS experienced a 1.6% decline in revenue to Rs 63,437 crore in the first quarter, missing the analyst consensus estimate.
- TCS reported a 4% rise in consolidated net profit, with an increase in headcount and an IT services attrition rate of 13.8% over the past twelve months, the highest in nearly two years.
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Bloomberg Quint
6d
70
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India Needs To Explore Battery Technology Aside From Lithium-Ion: Industry Experts
- Industry experts suggest that India needs to explore battery technologies beyond lithium-ion, which currently dominates the market due to its high energy density and quick charging capabilities.
- The surge in the electric vehicle (EV) market in India underscores the importance of finding alternative battery technologies to ensure sustainability in the future.
- Experts emphasize the need to diversify energy storage solutions to address concerns over limited raw materials availability for lithium-ion batteries, leading to potential production challenges and shortages.
- Innovative solutions like Vanadium Redox Flow Batteries (VRFB), sodium-ion technologies, and thermo-mechanical systems are emerging as promising alternatives that could revolutionize the EV industry and support clean energy initiatives.
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Bloomberg Quint
6d
1.1k
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TCS Q1 Results: Tata Consultancy Sales Drag As Cautious Clients Hold Back Tech Spends
- Tata Consultancy Services Ltd. reported a decline in sales in the first quarter through June, marking an annual decline of just over 3% in constant currency due to geopolitical uncertainties and cautious clients on technology spending.
- TCS' revenue growth is at its lowest since the beginning of fiscal 2021, with the company's CEO stating that the resumption of growth depends on more clarity in the macroeconomic scenario.
- While global trade uncertainties have caused clients to pause or delay projects, TCS' new-age services in AI, cybersecurity, and cloud computing have performed well.
- Despite the sales decline, TCS' net income rose by 6% compared to the same period last year, with analysts forecasting a lower value.
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Medium
6d
17
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LinkedIn: How to Leverage Your Signal
- LinkedIn offers insights into organizational culture beyond leadership and partners.
- Maintain alignment between your LinkedIn profile and your organization's investment thesis.
- Having a thoughtful LinkedIn presence is crucial for visibility and credibility in the industry.
- Even if you choose to be less active, strategic online visibility is still necessary.
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Eu-Startups
6d
1k
Paris-based FemTech app Solence raises €1.6 million to address PCOS with AI-driven digital therapeutics
- French startup Solence raises €1.6 million in funding to address PCOS.
- The app aims to offer personalised care for women with PCOS using AI.
- Solence's founder, Clara Stephenson, aims to improve the lives of women with PCOS.
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Bloomberg Quint
6d
576
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Glenmark Unit Signs Exclusive Licensing Pact With AbbVie For Cancer Drug
- Glenmark Pharmaceuticals' unit has signed an exclusive licensing pact with AbbVie to globally manufacture ISB 2001, a cancer drug used in cancer treatment.
- Under the agreement, IGI Therapeutics SA, linked to Glenmark's innovation arm, will collaborate with AbbVie to develop, manufacture, and commercialize ISB 2001 in various regions.
- ISB 2001, a trispecific T-cell engager developed using IGI's BEAT protein platform, targets difficult-to-treat cancers and offers a treatment option for patients.
- The partnership aims to provide complementary access pathways for ISB 2001, leveraging AbbVie's reach in major markets and Glenmark's commercial strength in emerging markets to expand access to innovative cancer treatments.
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TheStartupMag
6d
8
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Commercial Conquests – 5 Reasons Why Investing in Commercial Real Estate May Be Right For You
- Interested in building long-term wealth? Consider investing in commercial real estate for unique opportunities.
- Commercial properties offer diversification, potentially reducing overall risk with consistent cash flow and appreciation.
- Commercial real estate provides more income potential than residential rentals, with longer leases and higher rents.
- Investing in commercial properties can lead to long-term wealth, stability, greater control over value, and performance.
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Bloomberg Quint
6d
236
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Alter Work Hours: Railways Plea To Offices To Ease Mumbai Local Overcrowding
- Central Railway has requested approximately 800 government and private offices in Mumbai to alter their work timings to reduce overcrowding in Mumbai locals during peak hours.
- Around 3.5 million passengers travel on 1,810 local trains daily, leading to incessant crowding during peak hours, which poses a safety hazard to commuters.
- Between January and May 2025, Mumbai local train accidents claimed the lives of 922 people, with 210 fatalities caused due to overcrowding and people falling from crowded trains.
- The initiative aims at improving passenger safety and efficiency in Mumbai's transportation system, with 46 small offices already supporting the proposal and larger institutions expected to join for a more significant impact.
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Siliconangle
6d
426
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Data center infrastructure automation startup Spacelift gets ready for takeoff after raising $51M
- Spacelift Inc. secures $51 million funding for IT infrastructure automation enhancements.
- The startup offers IaC software for automating cloud resource provisioning and management.
- Spacelift's AI-infused platform streamlines infrastructure management, governance, and accelerates developer velocity.
- The company also contributes to open-source project OpenTofu as an alternative to Terraform.
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Eu-Startups
6d
270
London-based Goodrays raises €5.7 million for CBD drink and appoints Liquid Death exec
- Goodrays, a UK CBD brand, secured €5.7 million in Series A funding, with participation from Guinness Ventures and celebrity backers.
- The brand appointed Ben Dando, former MD of Liquid Death, as their new MD to drive growth and innovation.
- Goodrays aims to be a leader in premium functional drinks, focusing on mental well-being and product innovation.
- The investment will support product expansion, marketing efforts, retail partnerships, and revolutionize the functional drinks category.
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Bloomberg Quint
6d
234
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Ireda Q1 Results: Profit Slips 36% Despite Rise In Net Interest Income
- Indian Renewable Energy Development Agency Ltd. reported a 36% decrease in consolidated net profit during the quarter ended June 31, 2025, amounting to Rs 247 crore compared to Rs 384 crore in the previous year.
- The company's net interest income (NII) saw a significant 36% increase to Rs 691 crore from Rs 508 crore year-on-year.
- Ireda's loan book showed growth with a 29% rise, reaching Rs 11,740 crore in sanctioned loans and Rs 6,981 crore in loan disbursements during April-June.
- Despite the rise in net interest income, Ireda's shares have fallen 31.40% over the past 12 months and 21.19% year-to-date, settling at Rs 169.64 apiece on the NSE.
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Global Fintech Series
6d
211
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Halo Investing Expands Suite of Investment Capabilities with Launch of Advanced Wealth Solutions
- Halo Investing launches Advanced Wealth Solutions, a suite of sophisticated investment capabilities for financial advisors to enhance client relationships.
- Advisors now have access to institutional-caliber investment products and strategies like hedging, securities-based lending, and private market opportunities.
- The offering aims to help advisors differentiate themselves with personalized investment strategies aligned with each client's unique goals.
- Halo's Advanced Wealth Solutions empower advisors to manage equity risk, access liquidity, optimize tax outcomes, and offer exclusive investment opportunities.
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