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Baystreet
1d
150
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AI Chip Selloff Alert: Crackdown on Nvidia
- The U.S. government notified Nvidia that it would need a special license to ship its H20 graphics processing chip to China, leading Nvidia to file a significant $5.5 billion charge to its quarterly financial results.
- Nvidia's Q1 results will include costs related to H20 product inventory, purchase commitments, and related reserves.
- The U.S. crackdown on chips and related hardware exported to China poses a challenge for AI suppliers, as they rely on Chinese customers such as Alibaba, ByteDance, and Tencent.
- Investors should expect the next leg down on chip companies, including Intel, Qualcomm, Broadcom, Micron Technology, and Texas Instruments.
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HinduBusinessLine
1d
366
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AMNS India targets 70% green steel production
- AMNS India aims to achieve 70% green steel production by April 2026.
- To achieve this, they are leveraging green electricity, expanding scrap usage, and optimizing processes.
- The company aims to secure at least a three-star green steel rating for a majority of its production.
- AMNS India is exploring the use of hydrogen in its direct reduced iron production process to reduce carbon emissions.
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HinduBusinessLine
1d
324
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Increase States’ share in Central taxes to 50%: Andhra CM to 16th Finance Commission
- Andhra Pradesh Chief Minister, N. Chandrababu Naidu, requested the 16th Finance Commission to increase the states' share in central taxes to 50%.
- Naidu emphasized that the share of horizontal devolution has been declining from 23.4% to 15.80%, resulting in financial loss for Andhra Pradesh.
- He mentioned that Andhra Pradesh lacks a capital like Hyderabad, which has become a major problem.
- Naidu also highlighted the state's development initiatives, aiming to make Andhra Pradesh a $2.4 trillion economy with 15% annual growth in State Gross Domestic Product (GSDP).
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TheNewsCrypto
1d
267
6 Best Cryptos To Buy for Long Term: Finding the Next Bitcoin (BTC) Early
- Bitcoin (BTC) has been the leading token in the cryptocurrency market, but investors are now searching for other cryptocurrencies with long-term potential.
- Rexas Finance (RXS) is a project focused on revolutionizing the tokenization of real-world assets. It has shown significant growth in its presale phase and is expected to have a high post-launch increase in token value.
- Solana (SOL) has experienced a significant increase in value and offers high-performance transactions and low transaction fees. Analysts predict a possible 367.7% return on investment by December 2028.
- Binance Coin (BNB) has become more versatile with cross-chain transactions and its role in decentralized finance. Technical analysis suggests upward momentum, and analysts predict a rise in value to $5217.5 in five years.
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Bloomberg Quint
1d
334
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EMS Q4 Preview: Seasonal, Structural Tailwinds To Drive Growth, Says Systematix— Dixon Among Preferred Pick
- Dixon is expected to post the strongest topline growth of 159% YoY, driven by a surge in the mobiles segment.
- The seven companies under Systematix' coverage are expected to report robust revenue/Ebitda/PAT growth of 88%/79%/99% YoY in Q4 FY25, respectively.
- Growth momentum seems particularly strong in the room air conditioner segment, while a healthy volume ramp-up is also expected in the mobiles category.
- Systematix prefers Dixon, Kaynes, Amber Enterprises and Syrma within its coverage universe.
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Bloomberg Quint
1d
252
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WTO Slashes Outlook For Global Trade On Trump Tariff Disruptions
- The World Trade Organization slashed its forecast for merchandise trade this year as soaring US tariffs and broader uncertainty hammer international commerce.
- In its new forecasts, the Geneva-based WTO expects the volume of world merchandise trade to decline by 0.2% in 2025 — almost three percentage points lower than it would have been without the US-led trade war, marking a dramatic reversal from expectations at the start of the year. Trade is forecast to rebound by 2.5% in 2026.
- North American trade will be hardest hit while Asia and Europe will continue to see modest growth.
- The disruption in US-China trade is expected to trigger significant trade diversion, raising concerns among third markets about increased competition from China.
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Bloomberg Quint
1d
245
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Paytm CEO Vijay Shekhar Sharma Forgoes 2.1 Crore ESOPs Amid Regulatory Lens
- Paytm CEO Vijay Shekhar Sharma has voluntarily forgone 2.1 crore ESOP units granted to him.
- The request was approved by the nomination and remuneration committee of the company's board.
- This will result in a one-time, non-cash, acceleration of ESOP expense of Rs 492 crore in the quarter ended March 31, 2025.
- Last year, SEBI had issued a show-cause notice to Paytm over the ESOP units granted to Vijay Shekhar Sharma.
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HinduBusinessLine
1d
339
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Cotton may lose ground to maize in central India this kharif
- Cotton cultivation in central India, particularly in Maharashtra and Gujarat, is expected to decline this kharif season.
- Farmers are shifting from cotton to crops like groundnut and maize due to low yields and high expenses.
- Subdued cotton prices, lack of demand, and a bearish trend in global prices are impacting the profitability of cotton cultivation.
- Maize cultivation is likely to increase in the upcoming kharif season, as it offers better prices and has assured sales due to ethanol demand.
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HinduBusinessLine
1d
211
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Patanjali and 5 other entities get CCI clearance to acquire 98% stake in Magma Gen Insurance
- Patanjali Ayurved and five other entities have received clearance from the Competition Commission of India (CCI) to acquire a 98% stake in Magma General Insurance.
- The transaction is being notified under the green channel route, which expedites the approval process for deals that don't pose any adverse effect on competition.
- Apart from Patanjali Ayurved, the participating entities include S R Foundation, Riti Foundation, RR Foundation, Suruchi Foundation, and Swati Foundation.
- Following the approval, Patanjali Ayurved will become the promoter entity of Magma General Insurance, diversifying its portfolio that currently focuses on healthcare and FMCG.
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VentureBeat
1d
302
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Omeda Studios fixes Predecessor multiplayer matchmaking by consolidating its server locations
- Omeda Studios, the creator of Predecessor, fixed its multiplayer matchmaking by consolidating its server locations.
- The company had servers on the West Coast and East Coast of the U.S., which caused inconsistent ping times for players.
- To resolve the issue, Omeda Studios consolidated all its servers in Dallas, resulting in uniform ping times of 40 milliseconds for players across both coasts.
- The update improved the game's responsiveness and competitive experience, and the company plans to expand to South America and Asia in the future.
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Bloomberg Quint
1d
265
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Industrials Q4 Results Preview: Recovery Expected, Says HDFC Securities; L&T, Cummins, NCC Among Top Picks
- HDFC Securities expects a recovery in Q4 results of the Indian industrials sector.
- L&T, Cummins India, and Kalpataru are among the top picks in the capital goods space.
- HG infra, PNC, and NCC are top picks in the infrastructure space.
- Opportunities present in renewables, T&D, buildings, water, and railways sectors while road sector remains muted.
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Bloomberg Quint
1d
18
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Andhra Pradesh Invites Tenders For Rs 4,700 Crore Integrated State Secretariat In Amaravati
- Andhra Pradesh government has called for tenders to construct an integrated state secretariat comprising five towers, with an estimated cost of nearly Rs 4,700 crore.
- The total cost of the project is estimated at Rs 4,688.82 crore. Technical bids will be opened on May 1.
- The construction must comply with the IGBC Green New Buildings Platinum-level certification and will include a three-year Defect Liability Period.
- Projects worth a total of Rs 64,000 crore will be taken up for development in Amaravati.
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HinduBusinessLine
1d
373
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AICPDF to meet FMCG makers April 20 over deep discounting by e-commerce firms
- AICPDF to meet FMCG makers April 20 over deep discounting and predatory pricing by e-commerce firms.
- The body, along with the retailers union, will discuss deep discounting and preferential treatment to e-commerce players.
- AICPDF received responses from Nestle, ITC, and Mondelez to address the situation.
- If FMCG companies do not implement the response, AICPDF plans to start a nationwide non-cooperation movement.
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HinduBusinessLine
1d
173
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SpiceJet's revival "going very well", airline to double fleet in a year, says CMD Ajay Singh
- SpiceJet has announced that its revival plans are going well and it is on track to double its current fleet within the next year.
- The airline has added 10 planes to its fleet since October 2024, both by bringing grounded aircraft back into service and by leasing new aircraft.
- SpiceJet had faced financial difficulties and legal disputes with lessors, but it has successfully raised funds and is making progress in its revival.
- The CMD of SpiceJet, Ajay Singh, mentioned that the company is doing well and expects to double its current fleet within the next 12 months.
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Bloomberg Quint
1d
203
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CCI Clears Patanjali Bid To Buy Adar Poonawalla-Backed Magma General Insurance
- The Competition Commission of India cleared the proposal of Patanjali Ayurved and five other entities to acquire a majority stake in Magma General Insurance.
- Patanjali, along with Dharampal Satyapal Group, will acquire Magma General Insurance at a valuation of Rs 4,500 crore.
- The green channel route was used for the approval, as the transaction was deemed to have no adverse effect on competition.
- Patanjali aims to diversify its portfolio with this investment and capitalize on the growth potential within India's underpenetrated general insurance market.
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