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Bloomberg Quint
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Meta Infotech IPO Day 3: Check GMP, Subscription Status, Allotment And Listing Details
- Meta Infotech Ltd. is closing its SME IPO for subscription today, aiming to raise over Rs 80 crore from the primary market with a book-building issue.
- The IPO comprises a fresh issue of 12.45 lakh shares and an offer-for-sale portion of 37.35 lakh shares, with a price band set at Rs 161 per share.
- The IPO has been oversubscribed by 164.69 times, with the grey market premium at Rs 43 and expected listing at a 26.71% premium against the upper price band.
- Investors can check the allotment status on BSE and KFin Technologies websites while the company plans to list its shares on the BSE SME platform on July 11.
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Bloomberg Quint
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118
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'False': Ex-SEBI Chair Buch Dismisses Regulatory Failure Charge In Jane Street Case
- Former SEBI chairperson Madhabi Puri Buch dismissed claims of regulatory failure in the Jane Street case, stating that SEBI has actively investigated the matter.
- SEBI barred Jane Street from Indian financial markets for market manipulation and directed the impounding of Rs 4,844 crore, leading Jane Street to contest the allegations.
- Buch criticized sections of media for spreading a misleading narrative and emphasized SEBI's sustained regulatory efforts in the case.
- SEBI's actions in the Jane Street case include policy interventions, issuing cease and desist letters, and enhancing surveillance systems to address market concerns.
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Bloomberg Quint
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191
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Kyunki Saas Bhi Kabhi Bahu Thi 2: Cast, Promo, Release Date, Where To Watch And More
- The iconic television series Kyunki Saas Bhi Kabhi Bahu Thi is set to return with a second season, with Smriti Irani reprising her role as Tulsi Virani.
- The show is scheduled to premiere on July 29 at 10:30 p.m. on Star Plus and will also be available for streaming on JioHotstar.
- Smriti Irani confirmed her return in a promo and shared her excitement about reconnecting with the audience after years.
- Amar Upadhyay has started shooting for the show as well, which focuses on the Virani family's dynamics and challenges.
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Eu-Startups
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London-based Gradient Labs raises over €11 million for its AI customer service agent
- Gradient Labs, a British AI startup, raised over €11 million in a Series A round to expand its operations in customer service for regulated industries.
- The funding round was led by Redpoint Ventures, with participation from other investors, aiming to enhance technology, marketing, sales, and customer success teams.
- Gradient Labs' AI agent, Otto, is designed to handle complex customer inquiries in regulated industries, offering significant improvements in service quality and cost reduction.
- The company, founded in 2023, aims to assist regulated businesses, such as those in the financial sector, by automating customer operations and providing support throughout the entire cycle.
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Bloomberg Quint
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123
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Jane Street Vs SEBI: 'Arbitrage' Defence Contests Regulator's 'Manipulation' Allegation
- Jane Street contests SEBI's manipulation accusation, explaining trades as a lawful arbitrage strategy.
- SEBI accused Jane Street of distorting index values, while the firm argues it misunderstood arbitrage.
- Jane Street defends trading activity, stating it aims to close pricing gaps for financial market health.
- SEBI's order restricts Jane Street's market presence, causing a public clash with the regulator.
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Bloomberg Quint
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545
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Bank Unions Set For Nationwide Strike On July 9, Service Disruptions Likely
- Bank unions are set for a nationwide strike on July 9 as part of a broader 'Bharat Bandh' protest organized by central trade unions.
- Major disruptions are expected in services like banking, postal, coal mining, factories, and state transport services due to the strike.
- Bank of Baroda has cautioned that their branches and offices could be affected despite efforts to maintain normal operations.
- The strike is in protest against government policies, labor law reforms, privatization, and demands include addressing unemployment and creating job opportunities.
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5 Likes
Eu-Startups
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Italian hydrogen company Tulum Energy raises €22.9 million to advance scalable low-carbon hydrogen production
- Italian hydrogen company Tulum Energy has raised €22.9 million in a Seed funding round led by TDK Ventures and CDP Venture Capital to accelerate the development of its clean hydrogen production technology.
- Tulum Energy, founded in 2024 and spun out of Techint Group, aims to offer a scalable and cost-effective alternative to conventional hydrogen production, focusing on reducing greenhouse gas emissions.
- The company leverages electric arc furnace technology to produce hydrogen at competitive costs compared to grey hydrogen, achieving up to a 95% reduction in greenhouse gas emissions.
- Tulum Energy's innovative approach to hydrogen generation, with high efficiency, scalability, cost competitiveness, non-catalytic technology, and reduced land footprint, aims to revolutionize clean hydrogen production for industrial applications.
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Bloomberg Quint
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378
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Adani Group Ties Up With MHADA For Its Largest Redevelopment Project In Mumbai's Motilal Nagar
- The Adani Group has partnered with MHADA for the redevelopment project in Mumbai's Motilal Nagar, which is claimed to be the largest of its kind in India.
- Residents will be relocated to modern 1,600 sq. ft. apartments for free, with the project covering 142 acres and providing MHADA with 397,100 sq. m. of constructed area.
- The redevelopment aims to rehabilitate 3,700 tenements across Motilal Nagar 1, 2, and 3, along with commercial space for non-resident tenants, following the '15-minute city' concept.
- The construction is expected to be completed within seven years and will include amenities such as a central park, emphasizing resident rehabilitation and convenient access to facilities.
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Bloomberg Quint
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186
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Suzlon Energy Gets Anand Rathi's 'Buy' Rating As It Re-Initiates Coverage
- Anand Rathi has re-initiated coverage on Suzlon Energy with a Buy recommendation and a target price of Rs 81.
- Suzlon Energy, holding a significant market share in India's wind turbine market, has seen a positive turnaround backed by financial restructuring, resulting in a net cash position of Rs 8.3 billion.
- The company's high order book of 5.6GW, which is 3.6 times the FY25 execution, provides strong assurance for its future performance.
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Bloomberg Quint
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1.7k
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New Visa Applications From First-Time Travellers Surge 32%; Jaipur, Surat, Pune And Other Cities Drive Demand
- New visa applications from first-time travellers have surged by 32% in the last year, with over half coming from tier-2 and tier-3 cities across India.
- The spike in demand for outbound travel is driven by factors like rising income, aspirations, and improved digital access to services.
- Popular destinations for these first-time travellers include the UAE, Thailand, Vietnam, and Indonesia, with easy visa approval and affordability playing key roles.
- Atlys CEO highlighted the growing trend of international travel becoming essential, emphasizing the importance of simplified visa processes and increasing income levels in driving this segment's growth.
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SiliconCanals
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Spanish startup QualiBooth raises €2M to expand digital accessibility platform across Europe and the US
- Spanish startup QualiBooth raises €2M in funding to expand digital accessibility platform across Europe and the US.
- The funding will support product development, strengthen market presence, and aid expansion.
- QualiBooth simplifies web accessibility compliance with real-time scanning, monitoring, and detailed reporting for ADA, WCAG, and EAA standards.
- The company aims to help businesses comply with the European Accessibility Act and has conducted over 1,000 accessibility audits to date.
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TechBullion
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Key Factors Buyers Should Consider When Moving to Barrington
- Moving to Barrington requires careful consideration of key factors influencing lifestyle and long-term goals.
- Buyers should evaluate community, amenities, schooling, commute, neighborhood characteristics, and real estate trends.
- Understanding school quality, outdoor recreation access, cost of living, and resale potential is crucial.
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Bloomberg Quint
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413
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Samsung Galaxy Unpacked 2025 On July 9: Galaxy Z Fold 7 To Watch 8, What To Expect
- Samsung's upcoming Galaxy Unpacked event on July 9 is expected to introduce new devices, including the triple-folding Galaxy Z Fold smartphone and the Watch 8 series.
- The Galaxy Z Fold 7 and Z Flip 7 are anticipated to feature slimmer designs, with the Fold 7 being Samsung's thinnest book-style foldable.
- Rumored specifications for the Galaxy Z Fold 7 include a 200 MP main camera, while the Z Flip 7 may have a larger cover display and a 4,300 mAh battery.
- Additionally, Samsung is set to unveil the Galaxy Watch 8 series, including the Watch 8 and Watch 8 Classic, at the event.
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Bloomberg Quint
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344
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Trump Tariffs & India: 'More Noise Than Substance' For 'Best EM', Says Julius Baer's Mark Matthews
- Mark Matthews of Julius Baer believes Indian economy won't be affected by Trump tariffs.
- Indian exposure to US exports is minimal at 2% of GDP, making tariffs insignificant.
- India likely to remain resilient to Trump tariffs due to minimal economic impact.
- Matthews predicts India to be the best emerging market with steady inflows.
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Bloomberg Quint
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110
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Adani Group Unveils 'Story Of Suraj', Third Film In 'The Hum Karke Dikhate Hain' Series
- Adani Group launched 'Story of Suraj', the third film in its 'Hum Karke Dikhate Hain' series, showcasing its commitment to solar energy in India.
- Directed by Amit Sharma, the film portrays a town transformed by solar power, depicting the positive impact on communities.
- Adani Green Energy Ltd., a major renewable energy company, is leading India's clean energy transition with solar and wind projects.
- The film illustrates how Adani's clean energy solutions bring opportunities, progress, and resilience to communities in India beyond just energy production.
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