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Bloomberg Quint
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Trump Wins Broad Economic Policy Shift As House Passes Tax Bill
- President Donald Trump secured a sweeping shift in US domestic policy.
- The House passed a $3.4 trillion fiscal package cutting taxes and curbing spending.
- Republican holdouts were convinced to support the bill after an all-night voting session.
- The bill triggers political clash as Democrats criticize it for prioritizing tax cuts over health care.
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Massivelyop
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Star Citizen preps new gear and PvE co-op zones as it launches its latest free-fly event
- Star Citizen has released its latest roadmap roundup post detailing new features in alpha 4.2.1 and alpha 4.3, which include new hairstyles, missions, a new tool for tracking player progression, a lightning sniper rifle, new armors, and PvE cooperative zones for investigation and puzzle-solving.
- The progress report for June focuses on AI and mission development for the Storm Breaker activity in alpha 4.2, development of different vehicles, new missions, faction reputation missions, and the upcoming major story arc.
- The Foundation Festival event has started, aiming to bring new and veteran players together with a free-fly event featuring eight ships for new players. The event has received mixed reactions due to the lack of new rewards for backers and concerns about the referral program and cheating issues.
- Star Citizen, originally Kickstarted in 2012, remains in an incomplete alpha state despite raising over $800M in crowdfunding. The game has faced delays, with the single-player title Squadron 42 also experiencing repeated delays.
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Medium
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Analyzing The Browser Company: Product, Strategy, and Vision
- The Browser Company raised $128 million across four rounds, with a $550 million post-Series B valuation.
- The valuation is based on future potential, primarily on their upcoming AI-powered browser, Dia.
- Investors question if the valuation is justified given the challenges and risks associated with Dia.
- The company's past focus on design over performance raises concerns about achieving mass adoption.
- Without tangible results, future funding and success for The Browser Company remain uncertain.
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Bloomberg Quint
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Army Commander: Army Mobilised Over 150 Personnel For Rescue Operation After Air India Plane Crash
- Southern Army Commander Lieutenant General Dhiraj Seth emphasized the importance of disaster relief preparedness becoming a routine operation.
- The Army mobilized over 150 personnel promptly for a rescue operation following the Air India plane crash in Ahmedabad.
- The Corps of Engineers plays a crucial role in national disaster management, demonstrating versatility and proficiency.
- Disasters like floods, landslides, and cyclones have increased in frequency, with the Indian Army often serving as first responders in such situations.
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Bloomberg Quint
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BMW Group Reports 10% Jump In India Sales During June Quarter
- BMW Group reported a 10% increase in total sales in India during the January-June period of 2025, selling a total of 7,774 units.
- The company maintained a leading position in luxury electric vehicle sales in India, with a significant 234% year-on-year growth in volumes.
- BMW Group India's long wheelbase luxury models and electric cars contributed significantly to its sales, indicating a shift towards electric mobility.
- Vikram Pawah, President and CEO at BMW Group India, expressed optimism despite challenges, highlighting the success of their electric vehicle models and luxury offerings.
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Bloomberg Quint
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BEML Expands Defence Manufacturing With New Units At KGF Complex
- BEML Ltd. has expanded its defence manufacturing capabilities by inaugurating three new units at its Kolar Gold Fields complex in Bengaluru.
- The units are dedicated to the manufacturing and servicing of Armoured Recovery Vehicles and their advanced variants.
- The expansion aims to enhance indigenous capabilities and build a globally competitive ecosystem for defence mobility solutions.
- The new units are equipped for smart manufacturing to enable high-throughput production and swift response to evolving defence requirements.
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Bloomberg Quint
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Gill's Double Hundred Leads India To 587, Bowlers Reduce England To 77/3
- Shubman Gill's record-breaking double hundred propels India to a commanding 587 all out.
- Indian bowlers, led by Akash Deep and Mohammed Siraj, reduce England to 77/3.
- Joe Root and Harry Brook stabilize the England innings after early wickets fall.
- Gill's double century makes him the highest individual scorer for India in England.
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Bloomberg Quint
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India's Quick Commerce Booms In Metros, But Stays In Slow Lane In Non-Metros
- India's quick-commerce sector is expanding rapidly driven by factors like the growth of 'dark stores,' increased competition, and category expansion.
- The quick-commerce industry in India witnessed a 150% year-on-year growth in the first five months of 2025, with non-metro areas contributing only 20% of the sector's GMV.
- Challenges in non-metro areas include lower digital maturity, trust issues in online platforms, specific local preferences not met by quick-commerce platforms, and strong existing local retail networks.
- Although quick commerce is flourishing in metros, scaling profitably in non-metros requires hyper-local strategies, deeper market understanding, and operational flexibility according to experts.
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Bloomberg Quint
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Yes Bank Q1 Updates: Loans, Deposits Decline
- Yes Bank saw a decline in loans and deposits in Q1 as reported in an exchange filing.
- Loans and advances fell 2% quarter-on-quarter to Rs 2.41 lakh crore, while deposits reduced by 3% to Rs 2.75 lakh crore.
- The current-account savings-account ratio was reported at 32.7%, and the credit-deposit ratio increased to 87.5%.
- Yes Bank's stock closed 0.64% lower, with most analysts recommending a 'sell' rating and predicting a potential downside.
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Bloomberg Quint
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Buy, Sell Or Hold: Strides Pharma, Bank Of India, Saregama India, Gulf Oil — Ask Profit
- Markets analysts provided buy, sell, and hold recommendations for Strides Pharma, Bank of India, Saregama India, Gulf Oil on NDTV Profit's 'Ask Profit' show.
- Strides Pharma: Prashanth recommended buying, citing potential benefits from India–US agreement despite limited US presence.
- Bank of India: Kunal suggested holding as long as the stock stays above Rs 110, given bullish outlook on public sector banks.
- Saregama India: Kunal indicated a weak bullish trend, predicting potential downside with declining volumes.
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Bloomberg Quint
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Morocco Mulls First Islamic Bond In Years, Says Monetary Chief
- Morocco is considering issuing Islamic bonds in 2025 after a seven-year break, with a focus on funding for the men’s football World Cup in 2030.
- The central bank governor mentioned that the government is studying a new sukuk before the end of the year, without specifying the currency.
- Morocco last sold Islamic debt in 2018; recent issuances include conventional bonds in euros and dollars, with a yield around 4.7%.
- The country aims to boost its Islamic finance sector, highlighting challenges like lack of liquidity and lengthy product licensing procedures.
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Bloomberg Quint
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Bond Traders Scrap Bets On July Rate Cut After Strong US Jobs Data
- Treasuries fell as strong jobs data led to abandonment of rate cut bets.
- Shorter-term Treasuries plummeted, with yields rising; dollar also strengthened.
- Fed unlikely to cut rates in July, traders shift focus to potential September move.
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Bloomberg Quint
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BEL, BHEL, BEML Stocks In Focus After Defence Acquisition Council Greenlights Rs 1-Lakh-Crore Worth Purchases
- Defence stocks like Bharat Electronics Ltd., Bharat Forge Ltd., BEML Ltd., and Bharat Dynamics Ltd. are in focus as Defence Acquisition Council greenlights Rs 1.05 lakh crore worth of capital-acquisition proposals, reinforcing self-reliance in defence production.
- The approved acquisitions include armoured recovery vehicles, electronic warfare systems, and surface-to-air missiles, benefiting companies like BEML, Bharat Forge, BEL, Bharat Dynamics, Data Patterns (India) Ltd., and Astra Microwave Products Ltd.
- The Nifty India Defence Index has witnessed significant gains earlier this year but recently entered a correction phase, with a 0.16% weekly drop and a 0.60% decline in the first days of July.
- The latest approvals mark an expansion in the defence ministry's capital expenditure pipeline, following earlier approvals in March 2025, indicating an increased pace and scale of procurement.
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Bloomberg Quint
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Unregistered Finfluencers Face Action As They're Not Qualified To Give Advice, Says Ex-SEBI Official
- SEBI is becoming stricter on unregistered financial influencers for providing misleading advice to investors. The crackdown is due to their lack of qualifications in offering financial guidance.
- Former SEBI official RS Loona mentioned that SEBI's actions aim to address the issue, but social media platforms also need to enforce regulatory policies for financial influencers.
- Experts like Pranjal Kamra and Harshvardhan Roongta support SEBI's measures. They advise investors to not solely rely on social media for financial advice and to be cautious of individuals portraying themselves as saviors with hidden agendas.
- SEBI's approach includes freezing bank accounts of fraudulent financial influencers to prevent them from earning through illegal activities, further deterring the rise of such individuals in the financial space.
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Pymnts
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JPMorgan Chase Reorganizes Private Bank to Facilitate Global Investments
- JPMorgan Chase reorganized its private bank and appointed a global head to help wealthy customers diversify their investments globally.
- David Frame, ex-U.S. head of the private bank, is now in this new role to address the increasing demand for international investment options.
- The minimum balance for the private bank is $10 million, and the reorganization aims to cater to the need for global diversification due to concerns like global conflicts and trade tensions.
- JPMorgan Chase is accelerating its affluent banking offering expansion, while other companies like Citigroup and Revolut are also targeting wealthy customers with tailored services.
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