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Bloomberg Quint

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India's Forex Reserves Slip By $3 Billion To $699.74 Billion

  • India's foreign exchange reserves fell to $699.74 billion, a decrease of $3 billion in the week ending July 4.
  • Foreign currency assets, a significant part of the reserves, dropped by $3.53 billion to $591.28 billion during the same week.
  • Gold reserves, however, saw an increase of $0.3 billion to reach $84.84 billion.
  • Despite the decline, India remains the fourth-largest holder of foreign exchange reserves globally, behind China, Japan, and Switzerland.

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SiliconCanals

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Amsterdam-based CapitalT announces first close of €50M Fund II to scale impact investing

  • Amsterdam-based CapitalT, a pre-seed stage VC, announced the first close of its second fund at €50M.
  • CapitalT aims to scale impact investing by backing exceptional teams in Climate Tech and Future of Work.
  • The VC, founded by Janneke Niessen and Eva de Mol, focuses on software technology companies that solve real-world problems using AI.
  • CapitalT's investment interest spans countries like the Netherlands, the UK, Sweden, Norway, Denmark, Finland, and Germany, with a portfolio including companies like Test Gorilla, Memri, and SwipeGuide.

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Bloomberg Quint

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Sula Vineyards Q1 Update: Revenue Declines 8%, Wine Tourism Continues To Rise

  • Sula Vineyards reported an 8% decline in revenue for the quarter ended June compared to the previous year, with revenue falling to Rs 118.3 crore.
  • The company's revenue from its 'own brands' decreased by 10.8% due to a slowdown in urban consumption and pre-loading of spirits by trade, blocking trade placement for wine.
  • On a positive note, Sula Vineyards' wine tourism segment saw a revenue increase of 21.8% to Rs 13.7 crore, attributed to higher footfalls, record occupancy, and guest spending in the first quarter.
  • Despite the revenue decline, the company's shares have fallen over 40% in the past 12 months and around 28% year-to-date, settling at Rs 299.60 apiece on the NSE.

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Bloomberg Quint

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US Treasuries Volatility Gauge Falls To More Than Three-Year Low

  • The ICE BofA MOVE Index, a measure of expected fluctuations in yields, hit its lowest level since early 2022, indicating stabilization in the US Treasuries market after months of volatility.
  • Government bonds have faced volatility due to President Donald Trump’s tariff threats and concerns over increased fiscal spending, although recent auctions for US 10-year and 30-year bonds showed strong demand, signaling optimism.
  • The auction of 30-year Treasuries was well received, easing some concerns according to Mohit Kumar, but fiscal worries persist, with 10-year yields rising on Friday, potentially leading to a second consecutive week of declines.
  • Market watchers are keeping an eye on the US government's budget balance release for June and its debt management strategies. Inflation concerns from tariff hikes and interest rate expectations by Federal Reserve officials, including potential rate cuts, continue to impact bond markets.

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Bloomberg Quint

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Saudis Lift Oil Output Above Quota in Rare OPEC+ Breach

  • Saudi Arabia, along with other OPEC+ members, exceeded its crude production quota last month amidst global oil market surplus and geopolitical tensions.
  • The International Energy Agency reported that Saudi Arabia raised crude output by about 700,000 barrels a day to 9.8 million barrels a day, with a significant portion being exported.
  • Other countries like Iraq, Kuwait, and the United Arab Emirates also surpassed their OPEC quotas, while Iran saw a decline in production.
  • Despite the surplus and slower global oil demand growth, oil prices remain under pressure, with futures trading around $69 a barrel.

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Bloomberg Quint

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Google Pixel 10 Pro Camera Leaked, Pixel 10 Pro Fold Geekbench Score Lower Than Snapdragon 8 Elite Phones

  • A listing on a Chinese auction site reveals leaked images of what appears to be a prototype of the Pixel 10 Pro, showcasing its pill-shaped metal camera module and confirming rumors about Google's Tensor G5 chipset.
  • The Pixel 10 Pro is speculated to feature a triple rear camera setup including a 48MP primary camera, a 12MP ultrawide lens, and a 10.8MP telephoto with 5x optical zoom, along with a flat display and a hole-punch front-facing camera.
  • Another report indicates that the Pixel 10 Pro Fold has been listed on Geekbench, revealing its performance with an octa-core processor, 16GB of RAM, and achieving scores of 2,276 in single-core and 6,173 in multi-core tests, which are lower than Snapdragon 8 Elite phones.
  • While the Pixel 10 Pro Fold's performance on Geekbench is behind Snapdragon 8 Elite phones, it is expected to improve with optimized hardware and software in the final retail version.

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Bloomberg Quint

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RBI Clarifies Norms For Agri, MSME Loans Against Gold, Silver Collateral

  • The Reserve Bank of India clarified that banks can extend agricultural and MSME loans against voluntarily pledged gold and silver within permissible limits.
  • This clarification allows borrowers, particularly small farmers and micro enterprises, to use their personal gold or silver as collateral for formal credit access.
  • The move is aimed at improving credit access in rural and informal segments where gold assets are a common form of security.
  • RBI's recent directive, Lending Against Gold and Silver Collateral Directions, 2025, aims to streamline regulations around precious metal-backed loans.

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Siliconangle

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Intel’s RealSense spins out with $50M in funding to help AI humanoid robots see the world

  • Intel's computer vision subsidiary RealSense has become a standalone company after receiving $50 million in funding.
  • The funding round, led by an unnamed semiconductor private equity firm, will enable RealSense to expand into AI, robotics, and biometrics markets.
  • RealSense specializes in depth and tracking for robots and drones, with popular 'depth cameras' that help devices perceive and understand 3D environments.
  • The company sees significant opportunities in the robotics and biometrics markets as it plans to accelerate its product development and expand its team with the funding.

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Bloomberg Quint

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Adani To Create World-Class, Affordable, AI-First Healthcare Ecosystems

  • Gautam Adani plans AI-first healthcare ecosystem integrating affordability, scalability, global best practices.
  • He envisions world-class, affordable, AI-first healthcare campuses with Mayo Clinic collaboration.
  • Focus on integrated care, modular infrastructure, technological education, patient-centric insurance models.
  • Adani urges medical entrepreneurs for AI-powered diagnostics, global robotic care, and academic training.
  • Adani's healthcare mission aims to address rural-urban healthcare imbalance and strengthen India's healthcare system.

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AllTopStartups

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The 4% We Bet On: An Investor’s Perspective on Series A Success

  • Zubr Capital backs 3-5 tech companies yearly during Series A or B stages.
  • Less than 4% companies make it through annual funnel process.
  • Challenges faced by companies aiming for Series A investment are discussed in detail.

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Bloomberg Quint

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UBS Sees Telecom Quarter On Silent Mode; No Buy Calls On Any Stock In Sector

  • UBS has downgraded Bharti Airtel to 'sell' and Vodafone Idea to 'neutral', citing rich valuations and potential delays in tariff hikes.
  • UBS raised its price target on Bharti Airtel but slashed it for Vodafone Idea. The sector is viewed as 'priced for perfection' with no buy-rated stocks by UBS.
  • UBS expects a 'boring' quarter ahead for the telecom sector in fiscal 2026, with limited movement in core metrics. Bharti Airtel and Vodafone forecast modest revenue growth.
  • The medium-term revenue estimates for Vodafone Idea have been lowered by UBS due to ongoing funding delays, with capex forecasts also reduced.

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Bloomberg Quint

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Anthem Biosciences IPO — Should You Subscribe Or Not? Read Anand Rathi's Report

  • Anthem Biosciences Ltd. is set to launch its IPO on July 14 with a price band ranging from Rs 540 to Rs 570 per share.
  • The IPO, totaling Rs 3,395 crore, consists of an offer-for-sale component of 5.96 crore shares and will close for subscription on July 16.

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Bloomberg Quint

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'Healing With Humanity...': Gautam Adani On Why Munna Bhai MBBS Is Among His Favourite Films

  • Gautam Adani, Adani Group Chairman, shared why 'Munna Bhai MBBS' is one of his favorite films during a conference.
  • Adani highlighted the film's message of healing with humanity going beyond surgery.
  • He drew parallels between the film's message and the work of spine surgeons, emphasizing the importance of restoring resilience.
  • Adani shared personal anecdotes and encouraged budding entrepreneurs to act with courage and perseverance.

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Bloomberg Quint

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Siemens Bags Orders Worth Rs 773 Crore From Maharashtra Metro Rail Corporation

  • Siemens has secured two orders worth Rs 773 crore from Maharashtra Metro Rail Corporation for providing advanced signalling and telecommunication technologies for Nagpur Metro Rail.
  • The total time frame for project execution is about 42 months.
  • The orders include the design, manufacture, supply, installation, testing, and commissioning of Communication-Based Train Control signalling technology for the Nagpur Metro Rail Project Phase 2.
  • Siemens' technologies will enhance train frequency, improve passenger experience, ensure punctuality, energy savings, optimized headways, and the highest safety standards across the metro network.

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Pymnts

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Robinhood CEO’s AI Math Wiz Valued at $900M

  • Harmonic AI, a startup co-founded by Robinhood Markets CEO Vlad Tenev, has raised $100 million in a Series B round, making its valuation $875 million.
  • The company aims to develop AI systems capable of solving complex math problems more effectively than current large language models.
  • Funding was led by Kleiner Perkins, with plans to release their flagship model, Aristotle, later this year to outperform humans at math.
  • While focusing on verifiable reasoning in AI outputs, Harmonic's ambitions extend beyond math to tackle unsolved problems in physics and computer science in the future.

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