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Bloomberg Quint
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Is AI Going To Take Your Job? Salesforce's Arundhati Bhattacharya Weighs In
- Arundhati Bhattacharya, President and CEO of Salesforce, discusses the role of technology in job creation and efficiency.
- She highlights how technology, like biometrics, has enabled financial inclusion and improved access to services in India.
- Bhattacharya emphasizes that technology revolutions have historically raised concerns about job loss but have also created new job opportunities.
- She concludes that technology not only enhances efficiency but also opens up new possibilities for employment.
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Bloomberg Quint
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Dabur Q1 Updates: Sees Sequential Demand Recovery; Honitus, Oral Care Lead The Way
- Dabur India Ltd. reported a sequential recovery in demand during the first quarter of the current fiscal, with volume growth picking up, particularly in urban markets.
- Flagship brands like Dabur Red Toothpaste, Odonil, Odomos, and Gulabari are expected to deliver healthy growth along with market-share gains.
- The company's international business is expected to grow in double digits in constant-currency terms, fueled by markets such as MENA, Turkey, Bangladesh, and the US-based Namaste business.
- Despite facing headwinds in its beverage portfolio, Dabur remains optimistic about sustained growth for the full year, driven by investments in brands, distribution, and backend capabilities.
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Bloomberg Quint
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China Adviser Says Time ‘Running Out’ To Set Up Xi-Trump Meeting
- Time is running out for Xi-Trump meeting preparations, says China adviser Wu Xinbo.
- Recent progress in US-China relations needs faster pace for fall summit possibility.
- Trade truce and promising outcomes indicate positive signs for better ties between nations.
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Bloomberg Quint
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350
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Louis Vuitton Korea Suffers Cyberattack As Customer Data Leaked
- Louis Vuitton Korea experienced a cyberattack on June 8 where customer data was compromised, marking the second recent attack on parent company LVMH's brands.
- No financial data like credit card or bank account details were taken, and the security breach has been contained.
- Louis Vuitton Korea is collaborating with cybersecurity experts to enhance system security and has reported the incident to relevant authorities.
- This incident follows a similar attack on Christian Dior Couture, another LVMH brand, which occurred in May and reportedly affected customer data in January.
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Bloomberg Quint
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FIFA Club World Cup Quarterfinals: Where To Watch Live Streaming In India
- The FIFA Club World Cup 2025 has reached the quarterfinal stage with teams from Europe, Brazil, and Saudi Arabia.
- The quarterfinal matches include Al Hilal vs Fluminense, Chelsea vs Palmeiras, Bayern Munich vs Paris Saint-Germain, and Borussia Dortmund vs Real Madrid.
- For Indian viewers, the matches can be watched on the DAZN app and website as the tournament is not being telecasted on TV in India.
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Bloomberg Quint
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411
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Monsoon On Track: Kharif Sowing Gathers Pace, July Remains Crucial
- Kharif sowing has seen a boost as monsoon progresses, with the overall sowing area 11% higher than last year.
- Sowing areas for rice, pulses, coarse cereals, oilseeds, and cotton have surpassed last year's figures despite varying monsoon patterns.
- July's monsoon performance is crucial as about 80% of sowing is completed by then; El Nino neutral conditions are anticipated to prevail.
- Food inflation is expected to ease in June, with vegetable prices declining on a yearly basis, offsetting some rise in edible oils and fruits prices.
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Bloomberg Quint
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Zerodha's Nithin Kamath Warns Jane Street Crackdown Could Be 'Bad News': 'If Allegations Are True...'
- Zerodha's Nithin Kamath praised SEBI's ban on Jane Street, warning of grim implications for the futures and options trading sector if allegations are true.
- Kamath highlighted the potential negative impact of the crackdown on prop trading firms, stating a possible hit on retail activity and emphasizing the reliance on these giants for F&O volumes.
- He pointed out structural differences between US and Indian markets, suggesting US regulatory leniency may have facilitated such behavior, not permitted in India.
- SEBI alleged Jane Street manipulated the Bank Nifty index, earning over Rs 43,000 crore, leading to a ban on market access and impounding of unlawful gains, which Jane Street disputes.
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Bloomberg Quint
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Rupee Posts Second Week Of Gains Against Dollar
- The Indian rupee marginally weakened against the US dollar on Friday, closing seven paise lower at 85.39.
- The rupee posted a second consecutive weekly gain, appreciating by 0.1% or 10 paise, attributed to positive foreign capital inflows.
- In 2025 so far, the rupee has strengthened by 0.26% with a dip in the dollar index influencing most Asian currencies.
- India and the US are in negotiations for a trade deal to be signed before the July 9 tariff deadline.
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Bloomberg Quint
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Bank of Baroda Slashes Home Loan Interest Rates To 7.45%, Waives Processing Fee
- Bank of Baroda has reduced its home loan interest rates to 7.45% per annum and waived processing fees to boost affordability and credit growth.
- This move follows a previous rate cut in June, indicating a continuous effort to support borrowers with floating-rate home loans linked to the repo rate or external benchmarks.
- The reduction in interest rates and elimination of processing fees aim to make home ownership more accessible, especially to first-time buyers.
- The response is influenced by the Reserve Bank of India's repo rate cuts, with other banks like Punjab National Bank and State Bank of India also reducing home loan interest rates.
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Bloomberg Quint
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S&P 500 Is A Touch Away From Triggering Sell Signal, BofA Says
- The S&P 500 is close to triggering a sell signal, according to Bank of America Corp.'s Michael Hartnett, who recommends offloading shares once the benchmark rises above 6,300 points.
- US stocks have reached all-time highs as signs of the resilient US economy emerged, with President Trump moderating his stance on tariffs. However, trade concerns persist as Trump plans to set tariff rates unilaterally.
- Market speculations have surged, especially in technology stocks and artificial intelligence. Despite the rally, US stock futures fell, with trading closed for the Independence Day holiday.
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Bloomberg Quint
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Prime Focus Shares Soar As Strategic DNEG Acquisition Fuels Rally
- Prime Focus shares surged by 5% on Friday and have gained 50% in the last month after acquiring additional shares in its subsidiary, DNEG, through preferential allotment.
- Through a private placement, Prime Focus will issue up to 46.26 crore shares at Rs 120 per share for a total consideration of over Rs 5,552 crore to certain allotees, consolidating its stake in DNEG.
- DNEG is a significant player in stereo 3D conversion, visual effects, animation, and immersive content industry. Prime Focus's ownership in DNEG will increase to 88.28% post acquiring an additional 31.05% stake through the share swap.
- Prime Focus has scheduled an Extraordinary General Meeting on July 26, 2025, to seek shareholder approval for the proposals. An investment agreement with DNEG and proposed allottee Novator Capital Ltd. will grant special rights to Novator Capital, giving them a 14.40% stake in Prime Focus post the issue.
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Bloomberg Quint
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Arijit Singh Becomes Most Followed Musician On Spotify, Beats Taylor Swift And Ed Sheeran
- Arijit Singh has surpassed Taylor Swift and Ed Sheeran to become the most followed artist on Spotify with 151 million followers.
- Billie Eilish, The Weeknd, Ariana Grande, Eminem, Drake, Bad Bunny, and Justin Bieber are also part of the top 10 most followed artists on Spotify.
- Arijit Singh has 47.4 million monthly listeners on Spotify, while Taylor Swift, Ed Sheeran, and Billie Eilish have higher monthly listener counts.
- Arijit Singh's rise in the music industry began with his breakout hit 'Tum Hi Ho' in 2013, leading him to become a prominent figure in Indian music.
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Bloomberg Quint
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Smallcap Stock Under Rs 20: Multibagger PC Jewellers Zooms 16% On 80% Revenue Surge In Q1 — Do You Own?
- PC Jewellers' shares surged by 16% after reporting an 80% revenue increase in Q1 of fiscal 2026 driven by festive demand.
- The company reduced outstanding debt by over 50% in fiscal 2025 and aims to become debt-free by the end of fiscal 2026.
- PC Jewellers saw significant stock price movement, currently trading over 16% higher at Rs 16.22 apiece.
- The stock has delivered impressive returns over one, three, and five years but is down 11.6% year-to-date.
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Bloomberg Quint
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Signpost India's Bengaluru Advertising Operations Back On Track After Karnataka High Court Order
- Signpost India has been permitted by the Karnataka High Court to resume its advertising operations in Bengaluru, following a disruption caused by notices from the local authority.
- The High Court's decision to revoke the dismantling notice validates Signpost's continuation of operations under its pre-existing Public-Private Partnership agreement.
- The 20-year PPP agreement outlines Signpost's responsibilities, including deploying traffic surveillance kiosks in Bengaluru, and generating advertising revenue from designated traffic junctions.
- Signpost's ability to resume operations in Bengaluru is essential for recovering investments and ensuring business stability in one of India's major cities.
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Bloomberg Quint
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FPIs Pour Into Financial, Oil And Gas Stocks In June
- Financial services receive 61% of equity inflows, oil and gas see highest FPI.
- Indian benchmark indices, Sensex and Nifty, both rise in June for fourth consecutive month.
- FPIs invest $1.71 billion in Indian equities; power sector experiences record outflows.
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