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TechBullion
8h
138
Image Credit: TechBullion
Plutochain (PLUTO) Launch Is A Failure While Remittix Takes Off, Surpassing $14M In Presale
- PlutoChain crypto launch was deemed a failure, while Remittix gains over $14.3 million in presale funds.
- Critics blame PlutoChain for lacking a clear operational direction, while Remittix focuses on real-world payment challenges.
- PlutoChain token price plunges after the launch, resulting in disgruntled early adopters.
- Remittix gains investor support by providing transparent updates and offering practical solutions for international money transfers.
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Bloomberg Quint
8h
36
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Stock Market Highlights: Nifty, Sensex Close Lower After Trump Tariffs
- The benchmark equity indices ended in the red after US President Donald Trump imposed heavy tariffs on India and the world.
- The Nifty 50 ended 0.35% lower at 23,250.10 and the Sensex closed 0.42% down at 76,295.36.
- Infosys, Tata Consultancy Services, HCL Technologies, Tata Motors, and Tech Mahindra dragged the Nifty the most.
- Nine out of the 15 sectors on the National Stock Exchange declined, with Nifty IT and Auto falling the most.
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HinduBusinessLine
8h
145
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Piramal Finance secures $265 million in foreign borrowing
- Piramal Finance has secured $265 million in foreign borrowing.
- The facility attracted participation from four major international banks: First Abu Dhabi Bank, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, and HSBC.
- The company has fully hedged the borrowing to protect against currency and interest rate fluctuations.
- The funds will support expansion of lending operations, particularly targeting affordable housing and financial inclusion initiatives in Tier-2 and 3 cities.
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HinduBusinessLine
9h
109
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States, municipalities owe EESL over ₹2,700 cr for installing LED street lights
- Various states and urban local bodies owe Energy Efficiency Services Limited (EESL) over ₹2,700 crore for installing LED street lights under the Street Lighting National Programme (SLNP).
- The outstanding receivables amounting to ₹2,700.54 crore have become a major challenge for EESL, the implementing agency of SLNP.
- EESL and the Ministry of Power are actively pursuing the concerned states and urban local bodies for the release of outstanding payments.
- SLNP has successfully installed over 1.31 crore LED street lights, resulting in significant energy and cost savings for municipalities and gram panchayats.
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Bloomberg Quint
9h
251
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Cholamandalam Investment and Finance: Growth Resilient, But Stock Looks Expensive Says Nuvama
- Cholamandalam Investment and Finance demonstrates strong profitability and above-average asset under management growth according to Nuvama.
- Despite recent price appreciation, Nuvama believes the stock looks expensive and initiates a 'Hold' recommendation with a target price of Rs 1,600.
- The company is projected to sustain a 'best-in-class earnings growth' rate of 30% over the financial years 2025-2027E.
- Cholamandalam Finance's scrip fell 2.33% to Rs 1,426.25 apiece, the lowest level since March 12.
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HinduBusinessLine
9h
138
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Economists see downside risks to growth, expect MPC to go for deeper rate cuts
- Economists forecast downside risks to India's growth, estimating a potential cut of 30-60 basis points for FY26.
- Direct impact of the higher tariffs on India's exports to the US is expected to be less severe, but weak global trade momentum and a slowdown in US growth may indirectly impact demand and corporate confidence.
- The implementation of a trade deal by fall 2025 may help mitigate the downside risk from higher tariffs.
- Economists expect the Monetary Policy Committee to cut rates by 25 basis points and change its stance to 'accommodative' to support domestic demand.
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Baystreet
9h
113
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BP Begins Promised Major Oil and Gas Project Start-ups
- BP's Cypre development offshore Trinidad and Tobago has delivered first gas, marking the start-up of one of the company's 10 major projects announced as part of its strategy reset.
- The Cypre project is the second major project to start up in two months, following the Raven field offshore Egypt development.
- BP aims to increase investment in upstream oil and gas to $10 billion per year while reducing spending on clean energy.
- The company plans for 10 new major projects to begin production by the end of 2027.
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Coinjournal
9h
60
MEXC to list StakeStone (STO) to support omnichain liquidity innovation with 130,000 USDT airdrop + rewards
- MEXC listed StakeStone (STO) on both spot and futures markets with a total of 130,000 USDT available for Airdrop + rewards campaign.
- StakeStone offers cross-chain liquidity infrastructure with liquid assets STONE and SBTC, tokenized versions of ETH and BTC.
- StakeStone's TVL is around 600 million USD, facilitating diverse use cases and enhanced yield opportunities.
- StakeStone integrates with staking pools, supports future restaking features, and operates a multi-chain liquidity market.
- StakeStone's governance token, STO, empowers users in decision-making, veSTO staking, liquidity incentives, and more.
- MEXC's Airdrop + rewards campaign for the STO listing includes various events with a pool of 130,000 USDT prizes.
- MEXC aims to provide users with diverse investment assets and continually enhance the trading experience.
- MEXC leads the industry with a high number of spot listings and fast listing speed, maintaining a user-centric approach.
- For those interested in crypto trading opportunities, MEXC offers a user-friendly platform and prioritizes simplicity and innovation.
- Investors are advised to carefully evaluate market dynamics and project fundamentals due to the volatile nature of the cryptocurrency market.
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TronWeekly
9h
71
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Could Longing Ethereum (ETH), Buying Big In Remittix & Shorting Cardano (ADA) Be The Best Trades Right Now? Analysts Tell Us The Tips
- Ethereum maintains a position at $1,865.59, with a 10% decrease in price over the previous seven days.
- Cardano shows stable uptrend with solid fundamentals and long-term growth potential.
- Remittix is a new DeFi platform offering practical solutions to global finance, aiming to revolutionize cross-border transfers.
- Remittix has sold over 525 million tokens during their ICO and has the potential for significant growth.
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HinduBusinessLine
9h
49
Image Credit: HinduBusinessLine
US import tariff to have negative impact on India growth estimates: Morgan Stanley
- US President Donald Trump announced reciprocal tariff of 27% on imports from India effective from April 9.
- The impact of the import tariffs on India's growth estimates is expected to be negative, specifically through indirect channels like weaker corporate confidence and deferred capex cycle.
- The implementation of the impending trade deal with the US by 2025 may help reduce the downside risk from higher tariffs.
- Morgan Stanley expects the Reserve Bank of India to cut key lending rates, change the stance to accommodative, and have a deeper rate easing cycle to support domestic demand amidst the uncertain external demand environment.
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Baystreet
9h
106
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Canada Plots Energy Escape Route from Trump’s America
- Canada's political parties promise to reduce dependence on the US for energy exports amid tariff threats from President Trump.
- Mark Carney, the Prime Minister and leader of the Liberal Party, plans to expand and modernize energy infrastructure to reduce dependence on foreign suppliers and the US as the main customer.
- Pierre Poilievre, leader of the Conservative Party, vows to create a 'Canada First' National Energy Corridor to end energy dependence on the US and strengthen Canada's position against Trump.
- Both leaders aim to build critical infrastructure and diversify Canada's trade to ensure economic independence and secure the sale of natural resources to new markets.
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HinduBusinessLine
9h
230
Image Credit: HinduBusinessLine
Trump tariff: India’s agri-sector may not have much impact
- The US has imposed higher import tariffs on Indian agri products, with a baseline tariff of 10% and a country-specific tariff of 27%.
- Exporters of non-ethnic agri products are more concerned about the increased tariffs compared to exporters of specialized products like basmati rice.
- Basmati rice, which is grown only in India and Pakistan, may not face competition in the US as Pakistan has a higher tariff of 30%.
- India hopes to sign a Bilateral Trade Agreement (BTA) with the US in the next six months to mitigate the impact of the tariffs on its agri sector.
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TechBullion
9h
156
Image Credit: TechBullion
Investors Shift To This AI-Powered Meme Token As Bitcoin ETFs Record 4 Consecutive Days Of Outflows
- Bitcoin ETFs have recorded four consecutive days of outflows, while investors are turning to FloppyPepe (FPPE), an AI-powered meme token.
- U.S. spot Bitcoin ETFs experienced net outflows of $559.41 million in the week leading up to February 21, 2025.
- BlackRock's iShares Bitcoin Trust (IBIT) attracted $21.64 million in net inflows, while Fidelity's Wise Origin Bitcoin Fund (FBTC) and Grayscale Bitcoin Trust (GBTC) reported outflows.
- FloppyPepe (FPPE) gained momentum with its presale, driven by an AI agent meme generator and an intelligent video bot, positioning it as an alternative to Bitcoin.
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TronWeekly
9h
302
Image Credit: TronWeekly
7 Blockchain Breakouts This Year—And This Is the Best Altcoin to Buy to Ride the Wave
- Web3 is gearing up for a major breakout, with Qubetics leading as a standout altcoin with real-world utility and potential for significant ROI.
- Qubetics stands out for its real-world asset tokenization marketplace, enabling the fractionalization and trading of physical assets on the blockchain.
- The project facilitates seamless asset movement across various blockchains, making it a potent force in the real-world asset space.
- With a presale stage price of $0.1430 per token and increasing momentum, Qubetics has raised over $15.8 million, projecting high ROI potential.
- SUI offers parallel execution capabilities for high throughput, attracting developers with its Move-based programming language and low fees.
- Polygon remains a key Ethereum scaling solution with low fees and fast transactions, making it popular for real-world collaborations and tokenization.
- Cardano's meticulous approach and focus on long-term blockchain infrastructure make it a top pick for 2025, particularly in regions like Africa.
- XRP maintains its reliability in global payments despite regulatory challenges, with Ripple's network facilitating fast, low-cost money transfers.
- Cosmos' modular design and interoperability through IBC positions it for innovation, with projects like Osmosis showcasing the ecosystem's potential.
- Polkadot's parachain architecture allows for a secure multi-chain environment, making it a vital infrastructure piece in the Web3 stack.
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