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Bloomberg Quint
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Donald Trump To Talk To Vladimir Putin On Thursday As He Seeks Ukraine Truce
- US President Donald Trump is set to speak with Russian leader Vladimir Putin on Thursday in an effort to broker an end to the war in Ukraine.
- The Trump administration recently paused the transfer of artillery rounds and air defenses to Ukraine, citing concerns over US munitions stockpiles.
- Trump's previous attempts to end the Ukraine war have faced challenges, with Putin refusing calls for a halt to fighting.
- Trump has indicated he won't renew US military support for Ukraine, which is set to expire this summer.
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Bloomberg Quint
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Iran Says Cooperation With UN Nuclear Inspectors To Continue
- Iran's top diplomat, Abbas Araghchi, stated that Iran will continue to engage with the UN's nuclear watchdog despite previously announcing the suspension of cooperation.
- Cooperation with the International Atomic Energy Agency (IAEA) will be supervised by Iran's Supreme National Security Council for safety reasons, according to Araghchi.
- Iran affirms its commitment to the Nuclear Non-Proliferation Treaty (NPT) and its Safeguards Agreement, aiming to prevent the proliferation of nuclear weapons and enhance trust in its peaceful atomic activities.
- The comments are expected to ease concerns about Iran potentially withdrawing from the NPT following the recent war with Israel, which saw UN inspectors remaining in the country despite limited access to nuclear sites.
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Bloomberg Quint
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Emcure Pharma Block Deal: Public Shareholder BC Investments To Sell 2.4% Stake
- Public shareholder BC Investments is set to sell a 2.4% stake in Emcure Pharmaceuticals Ltd. through a block deal at an offer price of Rs 1,225 per share, representing a 4% discount on the current market price.
- The offer size for the stake sale is Rs 551 crore, with Kotak Securities acting as the book runners for the deal.
- Emcure Pharmaceuticals' stock closed 0.72% higher at Rs 1,279.8 per share, reporting a 26.96% increase in the last 12 months and an 11.56% decrease year-to-date.
- Analysts tracking the company suggest a potential downside of 13.9% according to the average of 12-month price targets, with a mix of 'buy' and 'hold' recommendations for the stock.
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Bloomberg Quint
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Vedanta Q1 Updates: Aluminium Production Up 1%, Zinc Down 5%
- Vedanta Ltd.'s aluminium production increased by 1% year-on-year to 605 kilotonnes in the first quarter, with the highest-ever first-quarter mined metal production.
- Saleable zinc production was down by 5% year-on-year, while refined zinc production decreased by 4%. Zinc international production saw a 50% increase.
- Oil and gas production at Vedanta declined by 17% year-on-year to 8.5 million barrels of oil equivalent per day.
- Despite some declines in production, total power sale rose 11% sequentially to 4,791 million units at Vedanta, with pig iron production increasing by 4%.
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Eu-Startups
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Swiss robotics company Nautica Technologies raise €3.4 million for its underwater robots
- Swiss robotics startup Nautica Technologies raises €3.4 million to commercialize its underwater hull maintenance technology.
- Funding round led by b2venture with participation from angel investors and partners to support commercial deployments.
- Nautica's autonomous underwater robots aim to reduce fuel consumption, combat biofouling, and improve vessel efficiency.
- The company's technology offers proactive hull maintenance, potentially leading to significant fuel savings and environmental impact reduction in the maritime industry.
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Bloomberg Quint
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RBI Plans To Drain $11.7 Billion From Banking System
- The Reserve Bank of India plans to drain $11.7 billion from the banking system through a seven-day variable reverse repurchase auction on July 4.
- This move is aimed at withdrawing excess liquidity and aligning overnight borrowing costs with the benchmark repurchase rate of 5.5%.
- The central bank's policy framework involves injecting or absorbing liquidity as needed to maintain borrowing costs in alignment with the policy rate.
- The recent measure to drain excess cash follows concerns over prolonged low overnight rates relative to the policy rate and the potential impact on inflationary pressures.
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Bloomberg Quint
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PC Jeweller Q1 Updates: 80% Revenue Surge On Festive Demand
- PC Jeweller recorded an 80% year-on-year growth in standalone revenue driven by robust wedding and seasonal purchases.
- The company aims to become debt-free by the end of fiscal 2026, with efforts to reduce outstanding debt by over 50% in fiscal 2024–25.
- Operational improvements have led to positive financial results, with PC Jeweller optimistic about maintaining growth momentum in upcoming quarters.
- Shares of PC Jeweller closed 1.37% higher at Rs 14.02 apiece on the National Stock Exchange, with a 174.04% rise in the last 12 months and an 11.66% decline year-to-date.
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Bloomberg Quint
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Suryoday Small Finance Bank Q1 Updates: Loan Disbursement Rises 30%
- Suryoday Small Finance Bank's gross advances rose 20% in Q1 2026 compared to the same period last year.
- Total loan disbursed increased by 30% to Rs 2,261 crore in the April-June period.
- Total funds deposited with the bank surged 39% to Rs 11,312 crore in the June quarter.
- Gross non-performing assets of the bank increased to 8.5% in Q1 from 2.7% in the same period last year.
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Bloomberg Quint
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Is AI Being Used To Hurt Indian Aviation Over AI171 Crash?
- The tragic Air India flight AI171 crash was the first hull loss of a Boeing 787 Dreamliner aircraft, marking several historical firsts for the airline.
- The use of AI to discuss the crash has raised concerns, with both experts and amateur commentators utilizing AI tools to create and share videos, images, and fake investigation reports.
- Misinformation spread through AI-generated content poses a threat to Indian aviation, potentially impacting the economy and nation if not debunked promptly by reliable sources.
- While the government has been quick to debunk fake reports, the prevalence of such misinformation highlights the importance of skepticism, especially in the AI-era where content generated by humans can be wrongly credited to AI.
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Bloomberg Quint
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NDTV Profit Pulse On July 3 — Top 8 Stories At 8 P.M. Under 8 Minutes
- NSE is moving closer to its long-awaited IPO, marking a significant development.
- Top stories also include expectations of an India-US trade deal, India's defense self-reliance push, and challenges in the auto and loan sectors.
- Important developments include approval of Rs 1.05 lakh crore defense purchases domestically and Meesho filing IPO papers confidentially.
- The article covers a range of topics from market movements to regulatory clearances, mainly focusing on significant financial and policy decisions.
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TechCrunch
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Tighten up your cap table with Fidelity, Cimulate, and DepositLink at TechCrunch All Stage 2025
- Founders attending TechCrunch All Stage 2025 will gain valuable insights on cap table management during the roundtable session 'Preparing to Raise: Cap Table Best Practices to Help You Close Fast'.
- Experts from Fidelity, DepositLink, and Cimulate will provide advice on legal readiness, equity clarity, and investor expectations to facilitate successful fundraising.
- Key discussion points will cover maintaining a clean cap table, essential documents for diligence, minimizing legal costs, and early preparation strategies for founders.
- Attendees can expect practical advice on raising capital efficiently and ensuring startup readiness for potential investment opportunities.
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Medium
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Sourcing and Exits-1
- Sourcing is a critical aspect of a VC's success, with traditional methods relying on personal networks, while newer data-driven approaches are gaining popularity.
- Firms like SignalFire use data-driven sourcing, tracking millions of companies and data points to identify growth patterns, offering proactive opportunity sets.
- Due diligence involves thorough assessment, including data requests, team evaluation, and transparency, crucial for building trust.
- VCs focus on value creation, leadership qualities, and avoiding biases during the diligence process to find strong investment opportunities.
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Medium
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There’s an Agent for That? Not So Fast.
- The shift from apps to agents in production systems comes with challenges related to cost, trust, architecture, regulation, and business models.
- Multi-agent systems consume significantly more tokens than single-agent workflows, affecting the design and cost considerations.
- Real production systems often amplify existing infrastructure with agents rather than building from scratch to ensure reliability and efficiency.
- The focus on vertical, domain-heavy industries with complex needs like finance and compliance proves more successful for agents, highlighting the importance of explainability and audit trails.
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Bloomberg Quint
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Amitabh Kant To Join IndiGo Board
- Amitabh Kant, former G20 Sherpa, is set to join IndiGo's board as a non-executive director.
- His appointment is pending regulatory and shareholder approvals and will be effective upon receiving security clearance from the Ministry of Civil Aviation.
- IndiGo announced the appointment in a regulatory filing, mentioning that it is a developing story.
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Bloomberg Quint
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Trade Setup For July 4: Nifty Immediate Support At 25,400
- Nifty 50 can see further weakness despite a positive short-term outlook with a bearish candle on daily charts and lower-top formation on intraday charts.
- For any meaningful upside, Nifty must sustain above 25,500, with the next hurdle at 25,600–25,700, and immediate support at 25,400.
- Key support for the Nifty Bank is placed at 56,000–55,500 region according to Bajaj Broking.
- The Indian equity indices closed lower for the second consecutive day on Thursday with Nifty ending 0.19% lower at 25,405.30 and Sensex closing 0.2% down at 83,239.47.
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