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Bloomberg Quint
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403
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Zee Promoters' Stake Hike Bid Blocked As 40% Shareholders Reject Rs 2,237-Crore Fundraise Proposal
- Zee Entertainment's fundraise proposal for Rs 2,237 crore via warrants issuance was rejected.
- Around 40.5% shareholders rejected the proposal, effectively blocking the stake hike bid by promoters.
- Most warrants were to come from a Mauritian promoter, including ousted board member Punit Goenka.
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SiliconCanals
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254
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Amsterdam’s fintech Figo Mobility secures backing from ex-Adyen payments head Edgar Verschuur:
- Figo Mobility, a fintech in Amsterdam, receives investment from Edgar Verschuur, former Global Head of Payments at Adyen.
- Verschuur will join Figo as an investor and strategic advisor to support the company's growth.
- Figo aims to simplify travel and expense management by offering a platform for mobility solutions for businesses.
- The company helps employers manage flexible mobility budgets while providing employees with options to choose their travel methods.
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Bloomberg Quint
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155
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US Stock Markets Today: S&P 500, Nasdaq Rise After US Jobless Claims Fall For Fourth Week
- S&P 500 and Nasdaq rose after US jobless claims fell for the fourth consecutive week, with S&P 500 up over 0.05% and Nasdaq Composite rising by 0.02%.
- Dow, however, was down by 0.5% on the same day.
- Prior to this rise, S&P 500 was close to record highs and Nasdaq Composite had reached a fresh record high with Nvidia surpassing a $4 trillion market cap.
- The S&P 500 closed near its record high, with Nasdaq Composite and Dow also ending Wednesday's session with gains.
- This is a developing story.
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Alleywatch
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Castellum.AI Raises $8.5M Series A to Tackle Financial Crime Compliance with AI Agents
- Castellum.AI raises $8.5M Series A to tackle financial crime compliance with AI agents.
- Their platform uses AI agents to reduce false positives by 94% and review time by 83%.
- Investors include Curql, BTech Consortium, and Framework Venture Partners among others.
- Castellum.AI targets financial institutions, credit unions, fintechs, and crypto exchanges for compliance.
- The company focuses on in-house AI, risk data, and AML/KYC screening to combat financial crime.
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Bloomberg Quint
1w
272
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US Jobless Claims Fell A Fourth Week During July 4 Holiday
- US initial jobless claims decreased by 5,000 to 227,000 in the week ended July 5, the lowest in two months.
- Continuing claims rose to 1.97 million, still the highest since late 2021, indicating challenges for out-of-work Americans to find jobs.
- New filings tend to be volatile around school summer breaks and federal holidays as temporary and seasonal workers cycle in and out of employment.
- The decline in initial claims suggests employers are reluctant to lay off workers amid ongoing difficulties for job seekers.
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Bloomberg Quint
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201
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India US Trade Deal LIVE: 22 Countries Slapped With Trump Tariffs; Pact With India On Cards?
- US President Donald Trump has imposed tariffs on 22 countries, with Brazil facing a steep 50% tariff.
- India and the United States are still in talks to finalize a trade agreement.
- Trump's tariff actions have not yet included India, which is actively engaging in trade negotiations with his administration.
- As global trade developments unfold, there is anticipation regarding the progress of an India-US trade deal.
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Bloomberg Quint
1w
0
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Goldman Warns Dollar Can Quickly Trade Like Risky Currency Again
- Goldman Sachs analysts warn that the US dollar may start trading as a riskier currency again due to various factors.
- Factors such as policy uncertainty, trade tariffs, Federal Reserve independence, fiscal fears, and diversification away from US assets could trigger volatility in the dollar.
- The dollar has shown an increased tendency to sell off alongside US equities in 2025, indicating a shift in correlations compared to previous years.
- While a permanent shift in the dollar's status as a safe-haven asset is not predicted, short-term volatility is expected.
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Bloomberg Quint
1w
492
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Marico, PN Gadgil, Radico Khaitan, RBA— Motilal Oswal's Top Stock Picks In Consumer Sector; Q1 Results Preview
- Motilal Oswal's top stock picks in the consumer sector include companies like Marico, Jubilant FoodWorks, Page Industries, Kalyan Jewellers, and PN Gadgil.
- In Q1 FY26, demand trends across various consumer categories are expected to reflect patterns seen in previous quarters.
- In Motilal Oswal's consumer coverage universe, revenue and Ebitda growth year-over-year in Q1 FY26 are projected to be positive across all segments like staples, paints and adhesives, liquor, innerwear, QSR, and jewelry.
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Bloomberg Quint
1w
278
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OPEC+ Discussing Pause To Output Hikes After Next Increase
- OPEC+ is considering a pause in production increases after its next monthly hike.
- The group plans to complete the revival of a 2.2 million-barrel supply in September and another 550,000 barrels monthly.
- Discussions are ongoing, and no firm decisions have been made yet. The halt in production could amount to around 1.66 million barrels per day.
- This move to potentially pause production increases has affected crude futures, with Brent futures down 0.9%.
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Bloomberg Quint
1w
344
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Musk Says Grok Chatbot Is Coming To Tesla Vehicles By Next Week
- Elon Musk announced that the artificial intelligence chatbot, Grok, will be integrated into Tesla vehicles next week.
- The decision comes shortly after the chatbot shared antisemitic content on Musk's social media platform.
- The new version of Grok boasts improved voice conversations and has shown better performance compared to other AI models.
- The integration of Grok into Tesla vehicles indicates a deepening relationship between xAI and Tesla, potentially boosting the carmaker's sales.
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Bloomberg Quint
1w
263
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Debt Reduced, Business Robust: Vedanta Resources CEO Dismisses Viceroy Research's Charge
- Vedanta Resources CEO, Deshnee Naidoo, dismissed the Viceroy Research report, stating it contains information already disclosed.
- Vedanta has actively reduced its debt over the past three years and refuted the claims made in the report, denouncing it as selective misinformation.
- Naidoo highlighted Vedanta's strategic focus on demerger, diversification, and deleveraging for long-term value creation, with plans for significant capital expenditure.
- Vedanta has been declared the preferred bidder for five composite mineral blocks, maintains a stable workforce, and has minimal revenue exposure to the US.
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Siliconangle
1w
198
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Datafy raises $20M in seed funding to optimize cloud storage costs autonomously
- Datafy Inc. secures $20M in seed funding for cloud storage optimization tool.
- The startup's platform autonomously reduces cloud storage costs, compatible with AWS.
- Datafy's approach is non-disruptive, manually adjusting storage volume sizes for efficiency.
- The funds will aid U.S. expansion and development of enhanced storage optimization tools.
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Eu-Startups
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327
Swiss BioTech platform NUCLIDIUM raises €84 million for the diagnosis and treatment of cancer
- Swiss BioTech platform NUCLIDIUM, based in Basel, raised €84 million in a Series B financing round led by Kurma Growth Opportunities Fund, Angelini Ventures, Wellington Partners, and Neva SGR.
- NUCLIDIUM is developing a proprietary copper-based theranostic platform for diagnosing and treating metastatic prostate, neuroendocrine tumors, and breast cancer, with a focus on women's health.
- The company's copper isotopes (Copper-61 for diagnostics and Copper-67 for therapeutics) aim to overcome limitations in radiotheranostics and improve clinical efficacy in cancer treatment.
- The funding will support NUCLIDIUM's clinical development, expand its production and manufacturing network, and advance its Copper-61/Copper-67 theranostic pipeline across multiple oncology indications.
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SiliconCanals
1w
58
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Amsterdam’s AI fintech scale-up Conpend secures funding: Know more
- Amsterdam-based AI fintech scale-up Conpend secures a majority investment from Cape Investment Partners (CIP).
- The funds will aid Conpend's global expansion, product development, and outreach to banks and financial institutions.
- Conpend, founded in 2016, provides digital tools to automate trade and lending processes for financial institutions.
- CIP will offer strategic guidance and operational support to Conpend to drive growth and enhance its AI-driven technology.
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Bloomberg Quint
1w
243
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UNAIDS Calls For Nations To Fill The Gap As Trump Pulls Funding
- UNAIDS has called on nations to fill the gap left by the US as Trump administration pulls funding, warning that a permanent halt in funding would undo years of progress in the fight against AIDS.
- The Global Aids Update showed the impact of the US funding cuts on countries affected by HIV, estimating significant increases in AIDS-related deaths and new HIV infections if funding discontinues.
- Prior to disruptions, 9.2 million people with HIV lacked access to life-saving treatment in 2024. Despite progress, UN report authors noted a decline in new infections and AIDS-related deaths by 2030 in some countries, primarily in sub-Saharan Africa.
- UNAIDS reported significant disruptions in treatment and prevention programs globally due to the abrupt withdrawal of funding, emphasizing the $4.3 billion commitment from Pepfar in 2025 that was suddenly withdrawn.
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