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Bloomberg Quint
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RBI Skips Key Cash Tool Again, Fuels Policy Shift Buzz
- The Reserve Bank of India has skipped its usual 14-day cash operations, fueling speculation of a possible shift in managing bank liquidity.
- The central bank's decision to cancel the cash operations for the third straight fortnight indicates a more flexible approach in managing liquidity.
- The RBI has been using daily and short-term cash windows instead of the 14-day cash operations.
- The new approach has helped align borrowing costs with the policy rate, making loans cheaper for businesses and consumers.
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Bloomberg Quint
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Gold Price Soars By Rs 1,650 To Another Record High, Edges Close To Rs 1 Lakh-Mark
- The price of 24-karat gold in the retail market soared by Rs 1,650 to hit an all-time high of Rs 98,100 per 10 grams in New Delhi.
- Gold prices recorded its steepest intraday hike on April 11 when it jumped over Rs 6,200.
- Additionally, silver prices climbed by Rs 1,900 to Rs 99,400 per kg.
- Global rush for safe-haven buying due to escalating trade war between the US and China driving the increase in gold and silver prices.
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Guardian
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Tariffs more likely to bring UK price cuts than inflation, says WH Smith boss
- Donald Trump’s tariff war is more likely to lead to price cuts than inflation for many retailers in the UK, according to the boss of WH Smith.
- East Asian suppliers seek alternatives to the US due to increased barriers to trade.
- WH Smith has not experienced any disruptions to deliveries from overseas suppliers due to tariffs.
- Profits at WH Smith's high street business declined while its travel business increased sales and profits.
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Bloomberg Quint
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BluSmart’s Gensol Ties, Ola Roadster Is A Real Thing
- BluSmart was never a subsidiary of Gensol, but the listed company’s latest annual report shows contracts worth over Rs 148 crore with BluSmart’s subsidiaries.
- BluSmart's co-founder Punit Goyal mentioned that Gensol built a 20 MW solar power plant for them in a record time of four months.
- Anmol Jaggi, BluSmart's co-founder and Gensol Engineering's CEO, expressed his vision of having BluSmart EV cabs available within five minutes for everyone in India in the next 10 years.
- The article also highlights the benefits and features of NDTV Profit's subscription for readers.
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HinduBusinessLine
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51
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Walmart hub soon in Chennai
- Walmart has leased over 465,000 square feet in Chennai, India for a period of five years.
- Chennai is now attracting major companies like AstraZeneca, UPS, and Pfizer for setting up tech hubs.
- Walmart already has a large tech office employing 8,000 workers in Bengaluru, India.
- Chennai's office leasing hit a five-quarter high in the March quarter.
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Bloomberg Quint
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109
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Credit Card: How Much Of Credit Limit Should You Use?
- Credit utilisation is the ratio that represents your total credit card outstanding compared to your approved credit limit.
- Generally, a lower credit utilisation ratio is favourable and demonstrates responsible credit management.
- Consider strategies such as monitoring your spending, distributing purchases across multiple cards, and setting up balance alerts to improve your credit utilisation ratio.
- Increasing your credit limit and making multiple payments each month can also help manage your credit utilisation ratio.
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HinduBusinessLine
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Zepto changes name of its parent company Kiranakart ahead of IPO
- Zepto, the parent company of Kiranakart, has changed its name ahead of its IPO.
- The Registrar of Companies (RoC) has approved the name change.
- Akhil Gupta, Vice-chairman of Bharti Enterprises, has been appointed as an independent director on Zepto's board.
- Zepto has raised $1.35 billion and is now focusing on getting more domestic shareholders before the IPO.
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HinduBusinessLine
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Top gainers & losers today, 16 April: IndusInd Bank, Axis Bank, Adani Ports, L&T, Infosys
- The BSE Sensex gained 309.40 points or 0.40 per cent to close at 77,044.29.
- IndusInd Bank led the rally, jumping 7.12 per cent to ₹788.25.
- Maruti Suzuki was the biggest laggard of the day, slipping 1.59 per cent to ₹11,664.25.
- Infosys fell 1.00 per cent to ₹1,413.00, extending losses post earnings.
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Bloomberg Quint
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70
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Smartworld And Tribeca To Develop Rs 2,200 Crore Trump Residences In Gurugram
- Realty firms Smartworld Developers and Tribeca Developers will develop an ultra-luxury residential project in Gurugram.
- The 'Trump Residences' project will have a total investment of around Rs 2,200 crore and comprise of 288 units with a total saleable area of 12 lakh square feet.
- Mumbai-based Tribeca Developers, the official representatives of the Trump brand in India, said these deals were signed 6-8 months back.
- This is the second Trump-branded residential project in Gurugram and the sixth project in India.
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Guardian
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15
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Trump tariffs will send global trade into reverse this year, warns WTO
- The World Trade Organization (WTO) warns that Trump's tariffs will lead to a decline in international trade and depress global economic growth.
- WTO expected a 2.7% growth in goods trade this year, but now forecasts a 0.2% decline due to trade policy uncertainty and surge in tariffs.
- WTO is particularly concerned about the 'decoupling' of the US and China, as trade between the two is expected to plunge by 81% - 91% without exemptions for tech products.
- Uncertainty and trade policy changes can dampen business confidence, reduce investment, and impair economic growth, according to the WTO.
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VentureBeat
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404-GEN integrates decentralized 3D model generation platform with Unity
- 404-GEN has integrated its decentralized 3D model generation platform with Unity, enabling developers to generate models from the Bittensor mainnet within Unity.
- The startup, based in Switzerland, targets next-gen content creators to bring creative ideas to life, even without professional backgrounds.
- The integration introduces Gaussian Splatting-based 3D representation to Unity users, creating photorealistic scenes through translucent ellipsoids.
- Unity's evaluation led to enhancements in 404-Gen's technologies, including AI dependency redevelopment for commercial viability of the produced models.
- 404-GEN introduced a 'digital handshake' to streamline creative and legal processes for developers, ensuring commercial readiness of decentralized miners' models.
- The integration aims to provide a seamless experience for developers and designers to work with decentralized 3D generation tools within Unity, fostering collaboration and innovation.
- 404-GEN's focus on lowering technical barriers promotes experimentation with innovative 3D modeling techniques, presenting new opportunities in game development and digital design.
- The company was founded by Ben James to democratize content creation by utilizing blockchain technology, AI, and decentralized networks.
- 404-GEN uniquely relies on visual language and multimodal models for real-time selection of 3D models tailored to user prompts, emphasizing a community-driven approach.
- The decentralized platform sends user prompts to miners who generate competing models, with AI selecting the best ones while incentivizing miners with tokens.
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Bloomberg Quint
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260
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USFDA Pulls Up Aspen Biopharma Labs For Manufacturing Lapses At API Plant
- The USFDA has issued a warning letter to Aspen Biopharma Labs for manufacturing lapses at its active pharmaceutical ingredients production facility in Telangana, India.
- The FDA observed significant deviations from Current Good Manufacturing Practice (CGMP) for active pharmaceutical ingredients (API) during their inspection in September 2024.
- The letter highlighted issues such as inadequate facility design, lack of appropriate separation for high-risk APIs, disrepair of manufacturing areas, failure to validate processes and equipment, and absence of a stability testing program.
- The USFDA has requested clarification from the company on whether they intend to cease drug manufacturing for the US market and requested notification before any future resumption of operations.
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Coinpedia
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This $0.025 Project Raises Over $6.75 Million — Why Top Traders Call It the Next Big Crypto
- Mutuum Finance (MUTM) has raised over $6.75 million during its presale.
- MUTM aims to bring DeFi lending into a transparent on-chain system.
- The project has gained early traction with over 8,200 wallets participating in the presale.
- MUTM offers real utility, as the token is tied to a use-first platform supporting lending and borrowing based on collateral.
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Livebitcoinnews
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Why Qubetics Is the Best Crypto Presale to Buy for 2025 as Monero Secures Privacy and Gala Expands
- GalaChain partners with KoinBX to expand its reach in India, providing over 1.5 million users direct access to $GALA for a seamless experience.
- Monero has shown a notable price action, bouncing from $165.32 to $211, maintaining an upward trend since January 2024 and surpassing its 2023 swing high at $186.
- Qubetics ($TICS) aims to revolutionize blockchain by offering interoperability, privacy, programmability, and scalability, with features like QubeQode IDE for simplified smart contract deployment.
- Qubetics is highlighted as the best crypto presale for 2025, emphasizing its usability and potential for high returns, with over 508 million $TICS tokens sold during the presale.
- The presale for Qubetics is currently at Stage 30, with significant interest and a projected ROI ranging from 477% to 8567% based on investment levels.
- Monero stands out for its focus on privacy and security, with recent price movements indicating bullish momentum and positioning the coin as a leader in anonymous transactions.
- GalaChain continues to excel in the digital entertainment sector, making $GALA accessible on KoinBX exchange to cater to a large audience in India and enhance user experience.
- The strategic expansion of GalaChain into new markets like India highlights its commitment to borderless entertainment and ownership, catering to diverse user needs.
- GalaChain, Monero, and Qubetics each bring unique strengths to the crypto space, with Gala emphasizing user accessibility, Monero prioritizing privacy, and Qubetics offering utility and potential for significant returns.
- Investors are encouraged to consider the opportunities presented by Qubetics, given its innovative approach and the positive reception during the presale, positioning it as a compelling investment option for 2025.
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Bloomberg Quint
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366
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Defence Sector Q4 Results Preview: To Be A Mixed Bag, Projects Nirmal Bang; Solar Industries Among Top Picks
- Nirmal Bang maintains a positive outlook on the defence sector, highlighting the ongoing efforts towards indigenization, a strong order pipeline, and significant growth potential.
- The defence sector in India aims to achieve Rs 3 trillion in defence output by 2029, reinforcing its position as a prominent global defence manufacturing center.
- The sector is experiencing positive momentum due to factors like heightened emphasis on indigenisation and 'Atmanirbhar Bharat' initiatives, increased defence budget allocations, escalating geopolitical tensions, an expanding indigenisation list, and investments in advanced technologies.
- Solar Industries is among the top picks in the defense sector.
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