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Bloomberg Quint
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US Stock Markets Today: Dow Swings To Gains, Nasdaq Up 1% As Nvidia Hits $4-Trillion Market Cap
- US stocks opened higher on Wednesday with the Dow Jones Industrial Average rising by 0.7% and the Nasdaq Composite gaining 1%.
- The S&P 500 also rose by 0.66% as Nvidia hit a $4-trillion market cap, leading the surge.
- Nvidia, Boeing Co., and Microsoft Corp. were among the top gainers in early trade, while gold and crude oil prices fell.
- The Bloomberg Dollar Index remained stable, Bitcoin rose, and sectoral indices in the US market showed a mixed performance.
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Alleywatch
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The 11 Largest NYC Tech Startup Funding Rounds of June 2025
- Get insights into the top 11 NYC tech startup funding rounds of June 2025.
- Notable ventures like OpenRouter, Sword Health, and Certify secured significant investments.
- Startups like Yieldstreet, Traversal, and Tastewise also attracted substantial funding rounds.
- Leading the pack, Cyera and Ramp raised massive sums for their AI-focused platforms.
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Bloomberg Quint
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RBI Proposes Overhaul Of Novation Norms For OTC Derivatives
- The Reserve Bank of India has proposed draft norms for novation of OTC derivative contracts to streamline over-the-counter derivative deals.
- The proposed framework includes a clear regulatory mechanism for novation, formalisation of tripartite agreements, and exchange of mark-to-market values.
- The guidelines aim to replace existing norms from 2013, seeking public comments until August 1, to align with evolving global practices.
- This effort by RBI aims to enhance transparency, risk continuity, and operational efficiency for banks and financial institutions active in India’s derivatives market.
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Eu-Startups
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Irish agentic AI platform Oraion raises €2.9 million to fuel US expansion
- Irish AI platform Oraion has raised €2.9 million in a pre-Seed funding round led by Studio VC to fuel expansion into the US and Latin America.
- Oraion, founded in 2024, uses AI to provide actionable insights to enterprises, automating workflows and facilitating data-backed decisions.
- The platform integrates with over 300 data sources and productivity applications like Slack and Microsoft Teams, allowing real-time insights for various industries.
- The investment aims to triple Oraion's workforce to 45 staff by 2026, supporting their journey to secure 50% market share of Fortune 500 companies within three years.
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The Robot Report
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Cobionix ready to expand with $3M for healthcare robotics
- Cobionix secured $3 million in funding to commercialize its robotic platform designed for healthcare applications.
- The platform, named CODI, is a configurable medical-collaborative robotics system capable of various patient-facing tasks, including ultrasound procedures.
- The company plans to launch CODI in the U.K., followed by Canada and the U.S., to enhance healthcare delivery and accessibility, especially in rural areas.
- TitletownTech, backed by Microsoft and the Green Bay Packers, led the funding round to support Cobionix in expanding the reach of its robotics solutions in healthcare.
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Bloomberg Quint
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KEI Industries — PL Capital's Top Stock Pick In Consumer Durable Sector; Q1 Results Preview
- PL Capital maintains a positive view on W&C companies in the consumer durable sector due to factors like healthy domestic demand and expanding market opportunities.
- Consumer durables' exports are anticipated to remain flat in Q1 FY26.
- PL Capital expects KEI Industries and Polycab to outperform, with Voltas likely to underperform in sales. Polycab and RR Kabel are expected to outperform in terms of profitability.
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Insider
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Read the exclusive pitch deck data startup Ryft used to raise $8 million, led by Index and Bessemer
- Data management startup Ryft, founded by three friends who met in high school and worked together in the Israel Defense Forces, has emerged from stealth with an $8 million seed round led by Index and Bessemer.
- Ryft offers a more flexible data product compared to cloud giants such as Snowflake, Databricks, Microsoft, AWS, and Google, catering to companies across various industries like finance, e-commerce, adtech, gaming, and cybersecurity.
- The company focuses on data optimization, compliance, disaster recovery, and governance, enabling customers to have ownership of their data and use different tools for accessing it, like those for AI app development.
- The seed funding will be used by Ryft to hire more engineers, scale sales efforts, and launch new products based on their revenue model of charging a yearly fee tied to the amount of data managed.
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Bloomberg Quint
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Real Estate Investment: Returns Higher In Metro Or Tier-2 Cities? What Magicbricks Report Says
- Tier-II cities have outperformed metropolitan cities in real estate appreciation, with an average capital appreciation of 17.6% surpassing Delhi's 15.7%, as per Magicbricks report.
- North Indian cities like Kanpur and Lucknow lead in year-on-year capital appreciation at 24.53% and 22.61% respectively, attributed to high demand and affordable rates.
- Factors supporting real estate investments in Tier-II cities include extensive infrastructure development, affordability, rising demand for quality housing, economic and industrial expansion, and reverse migration.
- The trend towards Tier-II cities is driven by improvements in infrastructure, industrial investments, and a preference for better quality of life, marking a shift in India's real estate landscape.
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Bloomberg Quint
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Enviro Infra Engineers, AltoraPro Joint Venture Bags Project Worth Rs 396 Crore
- A joint venture of Enviro Infra Engineers Ltd. and AltoraPro Infrastructure Pvt. has been awarded a project worth Rs 395.5 crore by the Maharashtra Industrial Development Corp for pollution control measures.
- The project includes upgradation of common effluent treatment plants with zero liquid discharge in industrial estates of Ichalkaranji, Hatkanangale, and Yadrav in Kolhapur district.
- The project involves design, construction, commissioning, and maintenance of CETPs and is expected to be completed within 24 months.
- Enviro Infra's stock rose by 5.11% on the news, closing at Rs 241.18 apiece on the NSE, with a 16.47% rise in the last 12 months but a 22.67% fall year-to-date.
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Bloomberg Quint
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BSE Celebrates 150 Years: A Look At The Journey Of Asia’s Oldest Stock Exchange
- BSE, Asia's oldest stock exchange, celebrated its 150th anniversary, tracing its origins back to 1875 when it operated under a banyan tree in South Mumbai.
- Founded by Premchand Roychand, known as the 'cotton king' of Bombay, BSE evolved over the years and gained recognition under the Securities Contracts (Regulation) Act in 1957.
- The launch of the S&P BSE Sensex in 1986 marked a significant milestone for BSE, which has now seen the Sensex surpassing 82,000 points.
- With a market capitalization of over Rs 462.48 lakh crore and 5,671 listed companies, BSE continues to be a prominent player in India's capital markets.
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Bloomberg Quint
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Gold Extends Drop As Extended US Negotiations Ease Trade Fears
- Gold extended its decline as President Donald Trump confirmed the new August deadline for reciprocal tariffs, easing trade fears.
- The delay in enforcement of Liberation Day duties has allowed for extended negotiations, reducing concerns about global trade disruptions.
- Gold prices fell by 0.5% to around $3,285 an ounce, following a 1% loss in the previous session.
- The decline in gold prices has been influenced by higher US Treasury yields and reduced bets on Federal Reserve interest-rate cuts.
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SiliconCanals
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Struggling Dutch firm Ebusco restructures loans, signs €39M energy deal as CEO and ad interim CFO exit
- Netherlands-based Ebusco, a motor vehicle manufacturing company, restructures loans and signs a €39M energy deal.
- Ebusco has shifted to an outsourced manufacturing model under the Original Equipment Design approach and has made changes in its management team.
- The company has reached debt restructuring agreements with Heights Capital Management and Kabuto Technology Co., Ltd., with loan conversions aimed at reducing debt.
- Christian Schreyer stepped down as CEO citing health reasons, and interim CFO Mark de Haas also left after restructuring loans.
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Bloomberg Quint
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Amber Enterprises Board To Consider Raising Rs 2,500 Crore
- Amber Enterprises India Ltd. plans to raise up to Rs 2,500 crore, subject to shareholder approval at the upcoming AGM.
- This fundraise would be the second one for the room air conditioner maker, with the previous one in 2020 amounting to Rs 400 crore through qualified institutional placement.
- The purpose of the fundraise includes capital expenditure for long-term growth, supporting subsidiaries, debt repayment, and strategic investments.
- Brokerages like CLSA and Jefferies have shown confidence in Amber Enterprises, with stock upgrades and positive ratings, despite minor adjustments in target prices.
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Bloomberg Quint
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Tata Elxsi Q1 Results Preview: Profit To Decline Amid Broad Segment Based Weakness, Demand Uncertainty
- Tata Elxsi to announce Q1 results with anticipated profit decline and uncertain demand.
- Revenue expected to rise 0.6% to Rs 914.13 crore, EBIT to advance 6%.
- Brokerages hold different views, from reduce to add ratings, showcasing varied expectations.
- Focus on transportation and communications segments, with potential decline and operational challenges.
- Investor interest lies in revenue and margin outlook, engagement with clients, and demand trends.
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The Robot Report
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Augmentus raises Series A+ funding to reduce robot programming complexity
- Augmentus raises $11M in Series A+ funding to accelerate regional deployment.
- The company aims to advance AI-driven robots for factory automation and make programming easier.
- Augmentus solution integrates 3D scanning, toolpath generation, and adaptive motion control.
- Funds will be used for development of 'augmented robotics' for real-time adjustments.
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