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Bloomberg Quint
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Air India Crash: Preliminary Investigation Report Submitted, Say Sources
- The Aircraft Accident Investigation Bureau has submitted its preliminary report on the Air India 171 crash to the Ministry of Civil Aviation and other relevant authorities.
- The report, based on initial assessments and early findings, is anticipated to provide crucial insights into the causes of the crash, with specific details expected to be made public later this week.
- The Air India flight AI 171 bound for London crashed just 32 seconds after take-off on June 12, resulting in the tragic loss of all 241 people on board, including former Gujarat Chief Minister Vijay Rupani.
- Following the crash, attempts were made to recreate potential scenarios that could have led to the accident through simulations, focusing on electrical failures, but were unsuccessful in replicating the crash conditions.
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Eu-Startups
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Finnish EV development platform Donut Lab raises €25 million for their solution for land, sea and air-borne vehicles
- Helsinki-based e-mobility tech innovator Donut Lab raises €25 million in Seed funding round and appoints Risto Siilasmaa to the Board of Directors.
- Donut Lab, founded in 2024, provides components for electric vehicles and aims to make manufacturing quick and economical.
- Their Donut Motor is an in-wheel motor designed for land, sea, and air vehicles, with a 30-fold increase in demand after launching at CES 2025.
- The company has signed over ten commercial contracts for EV integration and expanded its team with industry experts, with plans for a comprehensive business showcase next year.
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Pymnts
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AI Beats Product Innovation as Mid-Market Companies Adjust to Uncertainty
- Mid-market businesses are deprioritizing product innovation due to trade policies, geopolitical issues, and economic volatility affecting their supply chains and margins.
- PYMNTS Intelligence Uncertainty Project's report shows mid-market firms are turning to AI adoption for supply chain optimization, cost control, and workforce reduction in response to economic uncertainty.
- Tariffs and unpredictability in trade restrictions are pushing mid-market companies to focus on AI for operational intelligence, with a shift towards internal algorithmic strategies.
- The new mid-market playbook emphasizes resilience over risk, with a focus on optimizing operations first and innovating second, driven by AI technologies.
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Bloomberg Quint
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150
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In This Economy: India’s Markets Are Open — But Not For Abuse
- India's securities regulator, SEBI, has barred Jane Street from the Indian securities market and ordered a Rs 4,843 crore deposit due to alleged manipulative trades in the derivatives market.
- SEBI's crackdown on Jane Street sends a clear message that India is open for business but not for those looking to bend the rules.
- The action taken by SEBI is significant as India's derivatives market, driven by retail investors, is the largest in the world, and the regulator is focused on defending the credibility of the system amidst increasing speculation.
- The move by SEBI underscores India's commitment to maintaining an open and orderly market environment as it navigates trade deals and foreign capital inflows, setting expectations for fair play.
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Bloomberg Quint
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255
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Bharat Bandh On July 9: Are NSE, BSE Open Or Closed? Details Here
- The Bharat Bandh scheduled for July 9, organized by 10 central trade unions, is expected to involve over 25 crore workers from various sectors like banking, insurance, and transport.
- While services like banking, insurance, and transport may be impacted by the strike, both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will remain open for trading as usual on July 9.
- The NSE and BSE have not announced any holiday for July 9, ensuring a normal trading day for stock market participants without any interruptions.
- Stock exchanges in India operate on a standard schedule from Monday to Friday, with trading hours from 9:15 a.m. to 3:30 p.m., and will continue trading equity derivatives, securities lending and borrowing, currency derivatives, and electronic gold receipts as scheduled on July 9.
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Eu-Startups
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French DeepTech company Arago raises €22.1 million to slash AI energy consumption with photonic chip
- Arago, a Paris-based DeepTech startup, has raised €22.1 million in Seed funding to accelerate the commercialisation of its photonic processor, codenamed “JEF”.
- The funding round was co-led by Earlybird, Protagonist, and Visionaries Tomorrow, with participation from other investors and notable angel investors from tech backgrounds.
- Arago's technology aims to deliver 10× lower energy consumption than leading GPUs while being compatible with industry-standard software frameworks and hardware components.
- The company plans to use the funding to accelerate product development, expand its team, and deepen business partnerships to scale its growth.
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Bloomberg Quint
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372
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NSDL Unlisted Shares Buzzing In Grey Market, But Retail Investors Be Warned — Here's Why
- Trading in the unlisted shares of National Securities Depository Ltd. (NSDL) has increased with prices falling below Rs 1,000 (Rs 950-990 apiece) in the private market as the chances of the IPO opening seem imminent in July.
- NSDL's current private market valuation is close to Rs 20,000 crore, with its rival CDSL valued at around Rs 36,400 crore.
- Retail investors should be cautious as shares bought from the private market will soon enter a lock-in period and cannot be traded until six months after the company's listing.
- NSDL's financials show a total income of Rs 731.40 crore in FY25, with a net profit increase of 24.6% to Rs 321.60 crore during the same period.
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Bloomberg Quint
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406
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F&O Trading: SEBI Not Considering Linking Options Contract To Cash Market Positions
- SEBI is not considering linking positions taken through options contracts to cash market positions.
- No proposal on further regulations regarding this matter has reached SEBI's secondary market advisory committee.
- SEBI is not currently developing a concrete plan, and further steps will involve more consultation and deliberations.
- The news story is still developing, and more updates are expected to follow.
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Bloomberg Quint
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315
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iPhone 17 Pro Leaked Renders Show New Position Of Apple Logo
- Leaked renders of the iPhone 17 Pro and iPhone 17 Pro Max reveal updated Apple logo position and MagSafe magnetic ring layout.
- The iPhone 17 Pro is expected to feature an aluminium frame with a new camera bump design, resembling the iPad Pro.
- iPhone 17 Pro Max is rumored to have a larger 5,000 mAh battery compared to the iPhone 16 Pro Max, supporting a bulkier body design.
- Both models are expected to come with a 48 MP telephoto camera, 24 MP front camera, and an A19 Pro chip.
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SiliconCanals
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276
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UK’s Gradient Labs raises €11.08M: Founder Dimitri Masin on AI customer service for regulated industries, bold $10K challenge, and more
- Gradient Labs, based in London, secures €11.08M funding led by Redpoint Ventures for AI customer service.
- The startup's AI platform, Otto, assists regulated industries by automating customer operations.
- Gradient's AI resolves 90% of queries, maintains quality, and reduces costs by 75%.
- Company ensures AI transparency, handles customer issues efficiently, and partners with financial firms.
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Bloomberg Quint
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227
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International Space Station To Be Visible In Indian Skies: When And How To Spot It
- The International Space Station will be visible in Indian skies multiple times from July 7 to July 12, providing a rare opportunity for sky gazers to witness it.
- The ISS orbits Earth at nearly 28,000 km per hour, completing an orbit every 90 minutes and hosting over 270 astronauts. Its mission supports various objectives from climate research to future lunar and Mars expeditions.
- To spot the ISS in India, skywatchers should look a few hours before or after sunrise or sunset when sunlight reflects off the station. NASA apps like Spot the Station and ISS Detector help in tracking and spotting the ISS.
- Tips for the best viewing experience include picking twilight hours, finding an open space away from obstructions, being prepared for quick appearances and disappearances, and utilizing the apps' AR features for guidance.
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Bloomberg Quint
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225
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Donald Trump Imposes Tariffs On 14 Countries: Check Full List Here
- US President Donald Trump has imposed tariffs on 14 countries to gain trade concessions.
- Laos and Myanmar face the highest tariffs at 40%, effective from Aug. 1.
- Trump is open to negotiation and flexibility on the Aug. 1 deadline.
- Tariffs were announced in official letters shared on Truth Social as part of correcting trade imbalances.
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Bloomberg Quint
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399
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Buy Or Sell: IIFL Finance, Petronet LNG Among Aditya Agarwala's Recommendations — Check Target Price
- Aditya Agarwala, head of research and investments at Invest4edu, recommends buying IIFL Finance, Petronet LNG, and Cummins India stocks.
- For IIFL Finance, the target price is Rs 520 and stop loss is Rs 455. It is a diversified financial services company focusing on underserved segments.
- Petronet LNG, specializing in LNG import and processing, has a target price of Rs 330 and stop loss of Rs 295.
- Cummins India, a subsidiary of Cummins Inc., has a target price of Rs 3,550 and stop loss of Rs 3,350, offering diverse products and services.
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9 Likes
Bloomberg Quint
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303
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Elon Musk’s xAI To Launch Grok 4 On July 9 — Here’s What To Expect
- Elon Musk's xAI is set to launch Grok 4 on July 9, surpassing current models from competitors like OpenAI and Anthropic.
- Grok 4 promises significant improvements in reasoning, coding, and multimodal features, aiming to outperform previous iterations.
- The AI model will focus on first-principles reasoning, addressing complex mathematical and scientific queries, with future capabilities in vision and image generation.
- The launch will include a livestream at 8pm PT, showcasing Grok 4's capabilities including support for text modality and aiding developers as a coding companion.
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Bloomberg Quint
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200
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The US Is Losing The Electrification Race To Asia
- The US is falling behind developing nations in Asia in the race to electrify, with countries like Vietnam and Bangladesh accelerating their electricity share faster than the US and Europe.
- A new report from clean energy think tank Ember emphasizes the importance of electrification for economic growth, highlighting the faster growth of industries supporting electrification.
- Most Asian nations are focusing on electrification and renewables due to being fossil fuel importers, while the US, as a major producer of oil and gas, lacks the same economic incentives.
- Meeting increasing power demand is driving Asian economies to boost manufacturing sectors for grid equipment, with countries like Vietnam, Indonesia, India, Pakistan, and Sri Lanka excelling in integrating solar and wind power.
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