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  • Rupee settles at 79.98 against US dollar; briefly touches 80/USD mark

    Rupee settles at 79.98 against US dollar; briefly touches 80/USD mark

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    The rupee slid to the psychologically low level of 80 in intra day trade before settling down by 15 paise at 79.97 (provisional) against the US currency on Monday due to a surge in crude oil prices and unrelenting foreign fund outflows.

    At the interbank forex market, the local unit opened at 79.76 against the greenback but later lost ground to touch the psychological low mark of 80.00 against the American currency.

    The local unit recovered some lost ground and closed at 79.97 (provisional), registering a fall of 15 paise over its previous close.

    The rupee on Friday rebounded from the near-80 levels to close higher by 17 paise at 79.82 against the US currency.

    “Indian rupee, opened in the green on strength in domestic equity markets and a weak US Dollar. However, rupee weakened in the latter half of the day on surge in crude oil prices and selling pressure by FIIs. FII outflows rose to Rs 1,649 crores on Friday,” said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas.

    Choudhary further said that the rupee is likely to trade with a positive bias of rise in risk appetite in global markets and weakness in US Dollar. Improved global risk sentiments may also support the rupee.

    “However, pullback in crude oil prices and continued selling pressure by FIIs my cap sharp gains in the rupee. USDINR spot price is expected to trade in a range of Rs 79.20 to Rs 80.80 in next couple of sessions,” Choudhary said.

    The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.50 per cent down at 107.52.

    Brent crude futures, the global oil benchmark, jumped 2.06 per cent to USD 103.24 per barrel.

    On the domestic equity market front, the BSE Sensex ended 760.37 points or 1.41 per cent higher at 54,521.15, while the broader NSE Nifty declined 229.30 points or 1.43 per cent to 16,278.50.

    Foreign institutional investors remained net sellers in the capital market on Friday, offloading shares worth Rs 1,649.36 crore, as per exchange data.
     

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  • Rhythm Pharma gains as NICE recommends obesity drug

    Rhythm Pharma gains as NICE recommends obesity drug

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    Rhythm Pharma gains as NICE recommends obesity drug

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  • Body cam: Incredible player view of Koln goal vs AC Milan | Video | Watch TV Show

    Body cam: Incredible player view of Koln goal vs AC Milan | Video | Watch TV Show

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    FC Koln put a bodycam on some of their players for their friendly against AC Milan which gave us this unique angle for their goal.



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  • iQoo 10 Series Official Renders Spotted on JD.com: Report

    iQoo 10 Series Official Renders Spotted on JD.com: Report

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    iQoo 10 and 10 Pro official renders have been spotted as the smartphones have been listed on JD.com for pre-bookings. Unfortunately, the listing has not revealed the price in China for the two smartphones. The company is set to launch the iQoo 10 series in China on July 19. The iQoo 10 series has previously been confirmed to be powered by the Qualcomm Snapdragon 8+ Gen 1 SoC. It is expected to feature 8GB and 12GB RAM options. It is said to come with a triple rear camera setup with a 50-megapixel primary camera.

    The official renders of the iQoo 10 and iQoo 10 Pro have now been revealed as the smartphones have now been listed for pre-booking on JD.com. The listing of the iQoo 10, as well as the listing of iQoo 10 Pro, do not reveal the pricing of the smartphones. Both the handsets can be seen in two colour options. The phones may be offered in Black and White colour options. The latter gets a BMW Motorsport inspired design with three coloured strips. The two handsets will launch in China on July 19 at 7.30pm local time (5pm IST).

    iqoo 10 pro series official renders jdcom iQoo 10 series

    Photo Credit: JD.com

     

    The JD.com listing also suggests that the smartphones may feature 200W fast charging support. The iQoo 10 series may also get a display that can produce 1500 nits of peak brightness and 1 billion colours. The listing also suggests HDR certification on the phones. According to a recent report, iQoo 10 will be the official KPL 2022 gaming handset. The smartphone series has been tipped to feature a 6.78-inch E5 AMOLED display with 120Hz refresh rate and full-HD+ resolution.

    iQoo 10 series will be powered by Qualcomm Snapdragon 8+ Gen 1 SoC. It is expected to feature 8GB and 12GB RAM options with 256GB and 512GB inbuilt storage options. The smartphone is said to get a triple rear camera setup with a 50-megapixel Samsung GN5 sensor, a 13-megapixel ultra wide-angle sensor, and 12-megapixel telephoto sensor. At the front, it may get a 16-megapixel selfie shooter. It can feature a 4,700mAh battery, as per the report.


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    Redmi K50i 5G Teased to Come With Redmi Note 11T Pro-Like Specifications



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  • EU’s chief diplomat expects Ukraine grain deal ‘this week’ to unblock supplies

    EU’s chief diplomat expects Ukraine grain deal ‘this week’ to unblock supplies

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    The EU’s chief diplomat said he hoped there would be a deal this week to allow Ukrainian grain to be exported from Black Sea ports, amid fresh efforts to avert a global food crisis in the wake of Russia’s invasion of the country.

    “I have a hope that this week it will be possible to reach an agreement to unblock Odesa and other Ukrainian ports,” said Josep Borrell on Monday ahead of a meeting of EU foreign ministers in Brussels. “The life of thousands, more than thousands, tens of thousands of people depends on this agreement. It is not a diplomatic game. It is an issue of life or death for many.”

    Russia’s invasion and its attacks on Ukraine’s Black Sea coastline that began in late February have prevented cargo ships from reaching the country’s ports, freezing trade with one of the world’s largest grain producers and leaving millions of tonnes of wheat stranded.

    The deal between Russia and Ukraine would allow safe passage of cargo ships through the Black Sea with oversight acceptable to both Kyiv and Moscow. The prospect of an agreement to end the blockade comes as the EU prepares legislation to ease its sanctions regime against Moscow to allow trade in Russian food products as it attempts to address anger in Africa and elsewhere, which rely on Russia food supplies.

    Draft legislation to be considered by EU ambassadors on Monday would provide exemptions to existing bans on transactions with certain Russian state-owned entities when it comes to food products, a tacit acknowledgment that sanctions against Moscow may have inadvertently led to a curb on Russian food exports.

    Ukraine’s foreign minister Dmytro Kuleba will address Monday’s meeting and provide an update on talks between Ukraine, Russia and Turkey to find a deal to export the grain, a senior EU official told the Financial Times.

    Diplomatic efforts to unblock grain exports have inched forward in recent weeks. Russia’s president Vladimir Putin will meet his Turkish counterpart Recep Tayyip Erdoğan in Tehran on Tuesday where a deal on Black Sea access could be sealed.

    UN-brokered talks last week made “very substantive progress”, the organisation’s secretary-general said.

    At the same time, new draft sanctions drawn up by the European Commission and seen by the FT, declare that the EU is “committed to avoiding all measures which might lead to food insecurity around the globe”, adding that none of the penalties against Russia target “in any way the trade in agricultural and food products, including wheat and fertilisers, between third countries and Russia”.

    EU officials have consistently denied that the sanctions have hit exports of Russian grain, amid claims from some countries that rely on Moscow for food supplies that the vast scope of restrictions has affected traders and shipping companies.

    “We have never imposed sanctions on agricultural production, on food, never ever,” said a senior EU official involved in the sanctions process. “But it is true that in such a complex network, complex framework of sanctions, some issues could affect that,” the official said, adding that “highly technical tweaks” should make clear that food supplies ought not to be hit.

    The package of measures, which the EU hopes to adopt this week after unanimous approval from member state ambassadors, will contain a ban on the import or purchase of gold if it originates in Russia, following a deal along those lines in the G7 this month. 

    It would also oblige individuals and entities that have been hit by sanctions related to Russia’s invasion of Ukraine to report assets that are inside the EU. Mairead McGuinness, the EU’s financial services commissioner, told the FT this month that she wanted to boost reporting obligations to make it easier for authorities to track down assets owned by individuals under sanctions.

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  • Ileana D’Cruz, In Maldives For Katrina Kaif’s Birthday, Is Reportedly Dating Actress’ Brother

    Ileana D’Cruz, In Maldives For Katrina Kaif’s Birthday, Is Reportedly Dating Actress’ Brother

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    Ileana D'Cruz, In Maldives For Katrina Kaif's Birthday, Is Reportedly Dating Actress' Brother

    Ileana D’Cruz shared this image. (courtesy: ileana_official)

    New Delhi:

    Actress Ileana D’Cruz, who is currently in the Maldives for Katrina Kaif’s birthday festivities, is reportedly dating the Zero actress’ brother and model Sebastian Laurent Michel. (Katrina Kaif celebrated her 39th birthday on Saturday) . Speaking of rumours of Ileana and Sebastian’s romance, a recent ETimes report stated, “Sebastian and Ileana are said to be in a relationship for about six months now. Sources have it that the couple chooses to hang out at Katrina’s old residence in Bandra, at Ileana’s pad around the same part of the suburb and in London, too.” Other than that, Ileana shared pictures from Katrina’s birthday bash, which also features Sebastian.

    “Sunshine, cocktails, and a bit of birthday cake,” Ileana D’Cruz captioned this post.

    See Ileana D’Cruz’s post here:

    Here’s another post shared by Ileana D’Cruz.

    On Monday, Katrina Kaif posted a video from Maldives, featuring husband Vicky Kaushal and other friends, including Ileana and she wrote: “Yeh dosti.” In the comments section, Ileana wrote: “This was epic.”

    The actress was last seen in The Big Bull, co-starring Abhishek Bachchan. The film was directed by filmmaker Kookie Gulati and it was produced by Ajay Devgn. The actress has also signed Unfair And Lovely with Randeep Hooda. She has also signed a project with Vidya Balan, Prati Gandhi and Sendhil Ramamurthy.

    Ileana D’Cruz is best-known for her performances in Bollywood films such as Barfi!, Phata Poster Nikla Hero, Rustom and Happy Ending, to name a few. She also featured in the 2019 comedy Pagalpanti, which starred Anil Kapoor, John Abraham, Urvashi Rautela, Arshad Warsi, Pulkit Samrat and Kriti Kharbanda in pivotal roles.



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  • Binance fined $3M over illegal operations in the Netherlands

    Binance fined $3M over illegal operations in the Netherlands

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    Major global cryptocurrency exchange Binance is facing a penalty in the Netherlands after failing to obtain regulatory approval to operate in the country.

    The central bank of the Netherlands (DNB) has fined Binance Holdings 3.3 million euros ($3.3 million) for offering local crypto services without registration with authority. The Dutch central bank officially announced Monday that the regulator imposed the administrative fine in April 2022.

    The DNB pointed out that any company offering crypto services in the Netherlands is obliged to register with the central bank in compliance with the Money Laundering and Terrorist Financing Prevention Act. The regulator also mentioned that the DNB previously issued a public warning to Binance on Aug. 18, 2021.

    According to the announcement, the DNB applied a bigger penalty to Binance due to the platform’s large trading volumes. According to the regulator, Binance had a “very large number of customers in the Netherlands,” while its daily trading volumes amounted to “$13.7 billion.”

    The increased penalty was also due to prolonged violations by Binance, the DNB stated. According to the bank, the violations occurred from May 2020 — when the DNB introduced the registration obligation — until the bank closed the investigation in December 2021. “DNB, therefore, considers these violations to be very serious,” the regulator noted.

    The central bank also mentioned that Binance submitted an application to register, and the registration process is now being addressed. As the exchange has moved to comply with the law and has been transparent about its business operations, the DNB reduced the total amount of the fine by 5%, the announcement notes.

    Related: Binance gets VASP registration for its Spanish subsidiary from the Bank of Spain

    A spokesperson for Binance told Cointelegraph that the company reached a critical milestone in meeting Dutch regulatory requirements through a locally established entity, Binance Nederland BV. The event marks a long-awaited pivot in our ongoing collaboration with the Dutch Central Bank as well as the firm’s growing engagement with global regulators, the representative said, adding:

    “While we do not share the same view on every aspect of the decision, we deeply respect the authority and professionalism of Dutch regulators to enforce regulations as they see fit. With this now behind us, we can continue pursuing a more traditional operating model in the Netherlands.”

    Binance did not directly confirm or deny to Cointelegraph whether the firm has paid the fine so far or not. According to the announcement, Binance objected to the fine on June 2, 2022.