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Petrol, Diesel Prices Muted On July 7 — Here's How Much You Pay For Fuel In Your City

Petrol and diesel prices remained steady on July 7 across most Indian metros amid US President Trump's tariff deadline approaching.
Prices in Delhi are at Rs 94.77 for petrol and Rs 87.67 for diesel.
The method for determining fuel prices in India considers factors like global crude oil prices, exchange rates, demand, and trade flow in global markets.
Oil prices remained stable on Monday after Trump's trade accord announcement with Vietnam boosted optimism, with Brent oil trading near $67.66 a barrel.

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Bloomberg Quint

205

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Oil Drops As Larger OPEC+ Supply Increase Raises Glut Concerns

Oil prices dropped as OPEC+ agreed to a larger-than-expected production increase, raising concerns about oversupply and impacting the market.
Brent oil slid 1.6% to around $67 a barrel, while West Texas Intermediate was below $66, in response to the OPEC+ decision to increase supply by 548,000 barrels a day.
The move comes amidst global economic uncertainties and US trade policy shifts, with OPEC+ aiming to unwind output cuts ahead of schedule to regain market share.
Despite Alliance officials citing a steady global economic outlook, there are downside risks to oil prices as seasonal demand may wane after summer, impacting the oil market.

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Bloomberg Quint

171

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Lutnick Says Trump’s Tariffs Will Take Effect On Aug. 1

President Trump's country-by-country tariffs are set to take effect on August 1, with Commerce Secretary Howard Lutnick stating that the president is currently finalizing rates and deals.
Trump mentioned that letters with tariff increases will start going out before August 1, with some deals already made, although he did not specify countries or groups involved.
The tariffs are part of the ongoing trade negotiations, with Trump aiming to have most countries' deals finalized by July 9 to avoid the impending tariffs.
Trump and Lutnick emphasized that while the tariffs will be implemented on August 1, details regarding rates and negotiated deals are being actively determined at present.

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Bloomberg Quint

188

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Asian Shares Cautious On Trade Angst, Oil Falls: Markets Wrap

Asian shares posted modest moves as investors await progress on trade deals with the US ahead of the July 9 deadline.
Indexes in Japan, Australia, and South Korea saw small declines after the Trump administration officials indicated Aug. 1 as the date for higher levies to kick in.
Oil prices fell as OPEC+ announced an increase in production, potentially leading to a surplus later in the year and pressuring prices downwards.
Investors are closely monitoring trade negotiations outcomes for market direction amidst ongoing uncertainty surrounding tariff deadlines and potential impacts on major economies like Japan and Europe.

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Bloomberg Quint

205

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BRICS Condemns Pahalgam Attack; Calls For Shunning Double Standards In Combating Terrorism

BRICS leaders condemned the Pahalgam terror attack and endorsed India's 'zero tolerance' approach towards terrorism.
They called for shunning double standards in countering terrorism, criticizing indiscriminate rising of tariffs affecting global trade.
The leaders unveiled the 'Rio de Janeiro Declaration' addressing global challenges like terrorism, trade issues, and reform of global institutions.
The BRICS nations emphasized combating terrorism in all forms, enforcing financial regulations, and expressed concerns over ongoing conflicts and unilateral trade measures.

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Bloomberg Quint

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Xiaomi Founder’s Bold EV Bet Is Paying Off Where Apple’s Failed

Xiaomi's successful EV venture contrasts with Apple's failed car project.
Lei Jun's strategic approach boosted Xiaomi's reputation and market value in China.
Xiaomi's grounded approach involved learning from top automakers and investing in the EV supply chain.
Xiaomi's EV division expected to turn profitable in the second half of 2025.
Xiaomi contemplates global expansion, targeting markets outside China from 2027.

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Bloomberg Quint

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Ship Hit In Red Sea As Israel Strikes Houthi-Controlled Ports

Multiple small vessels attacked a ship in the Red Sea near Yemen’s Al Hudaydah port, causing a fire on board and prompting the crew to abandon ship before Israel launched airstrikes on Houthi-controlled ports in Yemen.
The attack occurred around 51 nautical miles southwest of Al Hudaydah, a stronghold of the Iran-backed Houthi militia, known for targeting ships in the strategic waterway.
Israel's Defense Forces conducted airstrikes on Al Hudaydah, Ras Issa, Al-Salif ports, and a power plant in Al Hudaydah as a response to repeated Houthi attacks against Israel, with the Houthis regularly firing missiles at Israel.
The Houthi assaults on ships in the Red Sea have caused significant disruptions to global trade routes, with the attacks affecting one of the world's busiest maritime corridors.

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TechCrunch

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At least 36 new tech unicorns were minted in 2025 so far

AI has driven the creation of 36 tech startups worth over $1 billion.
Recent unicorns include AI, satellite space, blockchain, and health tech companies.
Notable unicorns are Linear, Gecko, Kalshi, Function, and Underdog Fantasy.
Investors include big names like Sequoia, Accel, a16z, and General Catalyst.

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Bloomberg Quint

271

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US Trade Partners Chase Deals As Bessent Eyes Busy 72 Hours

US trade partners rush to secure deals before new tariff levels are announced.
Treasury Secretary Bessent expects a hectic 72 hours leading to July 9 deadline.
Trump hints at imposing tariffs on shipments to the US, putting pressure on trade partners.
Negotiations ongoing with countries like Japan, South Korea, EU, India, and Vietnam.
Major trading agreements close, but talks fluid with deadline looming for trade deals.

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Bloomberg Quint

353

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Global Uncertainties Affecting Private Capex; Industries Will Cheer US-India Deal, Rajiv Memani Says

Global uncertainties have impacted private capital expenditure in the last three to six months, causing delays in planning for long-term investments according to Rajiv Memani, President of the Confederation of Indian Industry (CII).
Memani expresses optimism for India's economic resilience amidst macroeconomic factors and ongoing uncertainties, highlighting the need for predictability in business planning.
The India-US Free Trade Agreement is seen as strategically important, with discussions between industries and the Commerce Ministry focusing on the opportunities and challenges presented by the deal.
Industries are expected to benefit from reduced tariffs through the agreement, leading to a positive outlook, as Memani continues to hold a bullish view on India and its potential for growth.

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Bloomberg Quint

377

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Can Elon Musk’s America Party Disrupt The US Two-Party System?

Elon Musk's America Party poses a challenge to the entrenched US two-party system.
Third-party success faces hurdles like ballot access, funding disparities, limited media exposure.
Musk's resources, public image, and rising demand for alternatives could impact American politics.

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Medium

VC Engagement and Value Creation-2

Venture capitalists face various challenges, including conflicts between funds, shareholder tensions, and managing confidentiality duties.
Difficult financings and decisions on defending sunk capital or fueling growth present challenges for VCs, influenced by market risks and spending disagreements.
CEO transitions are common in startups, with boards playing a crucial role in managing these complex and emotional events.
Boardroom dynamics are crucial, with VCs needing to balance engagement and micromanagement, improve communication, evaluate board performance, and address human biases for effective decision-making.

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Medium

370

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Fund Momentum — Fresh Funds Ready to Deploy #18

Michael Schneider is a serial founder and VC scout who launched his fundraising consultancy, Seedraisr, to support early-stage startups and fund managers globally.
In the most recent edition of his newsletter, Schneider highlights 38 VC & PE funds raised in late June / early July 2025.
The newsletter features details on 10 of the freshest funds ready for investment, including Special Partner Offering, Content Corner, and Stealth Momentum by Specter.
Readers can subscribe to access the full breakdown of all funds and become a founding member for exclusive benefits, with more information available in the provided link.

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Bloomberg Quint

351

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Bullish On Int'l Expansion, IndiGo Says Amsterdam Important Point For Connecting Rest Of Europe, America

IndiGo, India's largest airline, is expanding its international presence with a focus on connecting Europe and North America through Amsterdam.
The airline has recently launched direct services from Mumbai to Manchester and Amsterdam, marking a significant step in its overseas expansion.
IndiGo plans to add 10 new international destinations, including London, Copenhagen, and Athens, in the current fiscal year.
To support long-haul operations, IndiGo is leasing wide-body Boeing 787-9 aircraft and will introduce long-range narrow-body A321 XLR planes.

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Bloomberg Quint

372

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Aditya Mangla To Take Over As CEO Of Eternal's Food Delivery Business After Rakesh Ranjan

Rakesh Ranjan, the CEO of Eternal Ltd.'s food order and delivery business, has stepped down after a two-year tenure.
Aditya Mangla is set to take over as the new CEO of the food ordering and delivery business.
Mangla, currently the head of product for food ordering and delivery at Eternal, will assume the CEO position pending board approval and is expected to serve for two years.
Mangla has had previous experience in marketing roles across startups and tech-driven companies before joining Eternal in March 2021.

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