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Lumio Arc 7: An Indian tech firm shows how home theatre projectors should be
- Lumio Arc 7 delivers Full HD 1080p visuals with HDR10, powered by the in-house ArcLight Engine.
- 400 ANSI lumens brightness ensures clear viewing even with some ambient light in typical Indian homes.
- Runs Google TV OS with official Netflix support and access to over 10,000 OTT apps.
- Features include auto-keystone correction, instant autofocus, Dolby Audio, and a sealed, dust-proof design.
- Priced at ₹34,999 (introductory ₹29,999 during Amazon Prime Day), making it accessible for mid-range buyers.
India's Trade Deficit Narrows Sharply in June 2025; Services Sector Booms, Exports Surge
- India’s trade deficit fell to $18.78 billion in June 2025, beating forecasts.
- Overall exports grew by 6.5% year-on-year, reaching $67.98 billion.
- Merchandise exports held steady; services exports showed significant growth in June.
- India’s services sector hit a 10-month high, led by strong global demand.
- Electronic goods and pharmaceuticals drove export gains, supporting economic resilience.
US asks India to cut duty on agri imports by 35%.
- The US has pressed India to reduce import duties on key agricultural products by up to 35%.
- Negotiations focus on items like almonds, walnuts, cranberries, pistachios, lentils, and other US farm goods.
- Experts warn lower duties could threaten Indian food security and small farmers’ livelihoods by increasing subsidized US imports.
- India has offered tariff reductions on some products but is firm on protecting sensitive sectors like dairy and rice.
- A limited trade deal is likely soon, but India is negotiating to retain flexibility on crucial farm tariffs.
AI 171 crash sparks GenAI misinformation; experts demand clear updates
- Fake reports and AI-generated videos about the Air India AI 171 crash spread rapidly online.
- Misinformation included fabricated investigation reports and visuals, confusing even aviation professionals.
- Families of victims faced additional trauma due to viral fake content and manipulated images.
- Experts criticize the lack of regular, clear official updates, which fueled speculation and rumors.
- Authorities and fact-checkers urge the public to rely only on official sources for crash information.
Jane Street Deposits Rs 4,843.5 Crore in Escrow Account, SEBI Eases Certain Restrictions
- Jane Street deposited Rs 4,843.5 crore in escrow, complying with SEBI’s interim order.
- The deposit fulfills SEBI’s main condition, allowing Jane Street to resume trading in India.
- Previous restrictions on Jane Street’s market access are lifted, but strict regulatory monitoring remains.
- Jane Street is barred from using trading strategies SEBI deemed manipulative or unfair in its order.
- The firm may appeal SEBI’s order and continues to contest allegations of market manipulation.
Economists See Lower Recession Risk and Stronger Job Growth: WSJ Survey
- Economists now put the probability of a US recession at 33%, down from 45% in April.
- Growth and job creation forecasts have improved, with GDP expected to rise 1% in Q4 2025.
- Unemployment has slightly dropped, and job growth averaged 150,000 monthly over the last quarter.
- Inflation concerns have eased, with the US seeing its lowest inflation in four years.
- Consumer confidence is rebounding, and the S&P 500 continues to reach record highs.