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TechCrunch

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Writer CEO May Habib to take the AI Stage at TechCrunch Disrupt 2025

  • May Habib, CEO and co-founder of Writer, will participate in a fireside chat at TechCrunch Disrupt 2025 to discuss enterprise AI operationalization.
  • Writer's AI agent platform is being used by companies like Uber, Intuit, Accenture, and Vanguard to transform critical operations.
  • Under Habib's leadership, Writer has raised over $326 million, attained a $1.9 billion valuation, and established an enterprise-specific AI research lab.
  • The fireside chat will explore current deployments of enterprise AI agents, responsible scalability, and future preparations, offering insights into the shift from AI experimentation to implementation.

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Massivelyop

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‘Adventure’ OARPG Vaultbreakers, now backed by Square-Enix investment, opens a week-long playtest

  • BetaDwarf's multiplayer game Vaultbreakers, previously known as Project Haven and Project F4E, has received a major investment from Square Enix to accelerate its development.
  • Square Enix's investment will help improve BetaDwarf's production capabilities and support the game's community-driven development.
  • Vaultbreakers is described as a 'top-down high-stakes adventure action RPG' and the playtest started on the day of the announcement, running until July 9th, with keys available on the official site and possibly on Steam.
  • BetaDwarf has adjusted its development roadmap to prioritize the deployment of the solo queue and PvE mode, with the former currently available for testing during the playtest period.

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Bloomberg Quint

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Punit Goenka Tries A Backdoor Entry Into Zee's Board Via Rs 2,237 Crore Fundraise

  • Punit Goenka is aiming to regain his board position at Zee Entertainment Enterprises Ltd. through a Rs 2,237 crore fundraise, which will allow him board representation.
  • The fundraise involves Sunbright Mauritius Investments Ltd. subscribing to over 99% of the warrants issue, resulting in a 14.92% stake in the company upon conversion, granting board representation to Goenka.
  • The promoter-led funding initiative will increase the overall promoter holding in Zee from 3.99% to 18.39%, with plans to raise Rs 2,237 crore via convertible warrants to strengthen the company's financial foundation and explore new growth opportunities.
  • Proxy firms have raised concerns about excessive dilution and lack of transparency in fund utilization, recommending shareholders to seek enhanced disclosures regarding the funds' purpose and source.

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Bloomberg Quint

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Amnesty Accuses Israel, Aid System Of Using Starvation to Commit Gaza Genocide

  • Amnesty International accuses Israel and the Gaza Humanitarian Foundation of using starvation tactics.
  • Israel's foreign minister denies accusations and claims organization is spreading propaganda.
  • World Food Programme reports critical low food consumption in Gaza despite aid efforts.
  • Amnesty alleges Israel is targeting aid-seeking Palestinians, leading to deadly consequences.
  • Amnesty previously accused Israel of genocide in Gaza during conflict with Hamas.

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Bloomberg Quint

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FPIs Remain Net Sellers Of Indian Equities For Fourth Straight Day

  • Foreign portfolio investors (FPIs) remained net sellers of Indian equities for the fourth consecutive day, with net sales of shares amounting to Rs 1,481.2 crore.
  • Domestic institutional investors, on the other hand, were net buyers, acquiring equities worth Rs 1,333.1 crore.
  • FPIs have bought shares worth Rs 1,188 crore in July and Rs 14,590 crore in the previous month, but in 2025, FPIs have net sold equities worth Rs 76,713 crore.
  • Indian benchmark equity indices closed lower for the second consecutive day, with the NSE Nifty 50 ending 0.19% lower and the BSE Sensex closing 0.2% down.

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Bloomberg Quint

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US Payroll Growth Beats Forecasts, Jobless Rate Drops To 4.1%

  • US job growth exceeded expectations in June, with payrolls increasing by 147,000, driven by state and local government employment.
  • The unemployment rate fell to 4.1%, showcasing a strong labor market amid a slowing economy.
  • Private payrolls rose by 74,000 in June, the least since October, largely driven by the healthcare sector.
  • The Federal Reserve may consider lowering interest rates based on the jobs data, as businesses navigate economic uncertainty and tariff impacts.

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Bloomberg Quint

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US Stock Markets Today: S&P 500, Dow Jones Rise After Increase In Payrolls

  • The S&P 500 and Dow Jones rose on Thursday following a stronger-than-expected jobs report, with the S&P 500 up over 0.37% and the Nasdaq Composite and Dow Jones also experiencing gains.
  • US stocks hit new highs after President Donald Trump's trade deal announcement with Vietnam, leading to optimism about further agreements. Technology companies drove the market gains with the S&P 500, Nasdaq 100, and Dow Jones Industrial Average all seeing growth.
  • In early trading, most sectoral indices were in the green, with consumer discretionary and financial sectors leading the gains. Companies like Uber, Meta Platforms, Amazon, Salesforce, Microsoft, and Nvidia saw stock price increases, while Coca-Cola, McDonald's, and Apple faced losses.
  • Market movements also included a decline in spot gold and crude oil prices, a rise in the Bloomberg Dollar Index, and a small increase in Bitcoin value.

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Bloomberg Quint

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CII Expects GDP To Grow 6.4-6.7% In FY26, Bats For Three-Tiered GST Structure

  • CII expects India's GDP to grow between 6.4-6.7% in the financial year 2025-26, driven by strong domestic demand, with some downside risks due to geopolitical uncertainty.
  • The newly appointed CII President, Rajiv Memani, advocates for a simplified three-tiered GST rate structure where essential items are taxed at 5%, luxury goods at 28%, and other items fall in the 12-18% bracket.
  • Currently, India follows a four-tiered GST structure with tax slabs at 5, 12, 18, and 28%.
  • Factors such as a good monsoon forecast, liquidity increase from the Reserve Bank's CRR cut, and interest rate reduction are expected to support India's economic growth within the 6.4-6.7% range.

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Bloomberg Quint

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Bombay HC Directs Fresh Hearing In ICICI Lombard's Rs 1,902-Crore GST Case

  • The Bombay High Court has directed a fresh hearing in ICICI Lombard's Rs 1,902-crore GST case.
  • The court overturned the earlier ruling regarding the tax demand and penalty, instructing a re-hearing while considering GST Council's decision and circulars.
  • ICICI Lombard mentioned no financial impact at this stage from the developments.
  • Shares of ICICI Lombard closed 0.5% lower after the news, with analysts keeping a positive outlook on the stock.

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Eu-Startups

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Paris-based Solarock raises €7 million to innovate solar energy with a new franchise network

  • Solarock, a player in solar self-consumption in France, secured €7 million in funding to launch a franchise network and develop innovative solar solutions.
  • The funding round involved investors like Pale Blue Dot, Noa, Ring Capital, and Kima Ventures with the aim of expanding Solarock's success nationally.
  • Solarock offers a comprehensive photovoltaic solution, including storage solutions, monitoring, and guidance for maximizing self-consumption, aiming to tap into the vast potential of the French residential solar market.
  • With plans to scale its franchise model, enhance R&D capabilities, and develop smart control technology for energy optimization, Solarock is focused on advancing solar energy adoption in France.

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Bloomberg Quint

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Bajaj Finance, Tata Communications, Delhivery, ACC, MTAR Tech, NATCO Pharma, UPL Are Buzzing On Dealers' Desk

  • Stocks like Bajaj Finance, Tata Communications, Delhivery, ACC, MTAR Tech, NATCO Pharma, and UPL are buzzing on the dealers' desks, according to NDTV Profit.
  • Bajaj Finance is experiencing buy flows on lower levels with Rs 900 seen as a strong support level.
  • Tata Communications saw a 5% increase after a Macquarie initiation note but is down today with dealers hinting at weak Q1 earnings.
  • MTAR Tech and Natco Pharma are anticipated to make order win and acquisition announcements, respectively.

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Bloomberg Quint

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Bajaj Housing Finance Q1 Updates: AUM Rises 24%, Loan Assets Grow

  • Bajaj Housing Finance reported a 24% increase in assets under management (AUM) in the quarter ended June 2025.
  • The company's loan assets also grew to Rs 1 lakh crore, up from Rs 85,283 crore in the corresponding quarter last year.
  • Bajaj Housing Finance recorded a gross disbursement of Rs 14,640 crore for the quarter, compared to Rs 12,004 crore in the same quarter of fiscal 2025.
  • UBS initiated coverage on Bajaj Housing Finance with a 'neutral' rating, forecasting a 24% AUM CAGR over fiscals 2025 to 2027, but noted limited scope for change in the loan mix.

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TechCrunch

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Israeli quantum startup Qedma just raised $26M, with IBM joining in

  • Israeli startup Qedma, specializing in error-mitigation software, secures $26M funding with IBM involvement.
  • Google and IBM work on error-correction in quantum computing, while Qedma focuses on software.
  • Qedma aims to allow accurate running of large quantum circuits without error-correction advancements.

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Siliconcanals

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Sweden’s Nordic Air Defence secures €2.5M to accelerate Europe’s drone defence revolution

  • Nordic Air Defence, a defense tech startup based in Stockholm, has secured $3M (approximately €2.5M) in expansion of its pre-seed funding round, bringing the total raised to $4.4M (approximately €3.7M).
  • The funding round was led by venture capital firm Inflection, resulting in changes to the company's board composition to support its growth phase.
  • The company appointed new senior leaders with expertise in drone systems, autonomous navigation, and advanced sensing to drive innovation in defense technology.
  • The company's focus is on developing high-tech defensive solutions, including the Kreuger 100 lightweight drone interceptor platform, with plans to expand its product range for various applications.

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Bloomberg Quint

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Nifty Top Gainers, Losers On July 3: Dr. Reddy's, Apollo Hospitals To SBI Life, Kotak Mahindra

  • The NSE Nifty 50 closed lower by 0.19% at 25,405.40, while the BSE Sensex ended down by 0.20% at 83,239.47 on July 3.
  • Top gainers on the Nifty 50 index included Dr. Reddy's, Apollo Hospitals, Hero MotoCorp, ONGC, and Maruti Suzuki.
  • Top losers in trade were SBI Life Insurance, Kotak Mahindra Bank, Bajaj Finserv, JSW Steel, and Grasim Industries.
  • Dr. Reddy's saw the highest gains, while SBI Life Insurance marked the most losses on July 3.

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