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Guardian
5h
134
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Italy’s Leonardo given £165m UK military helicopter contract
- The Italian defence company Leonardo has been given a £165m contract extension by the British government for its work maintaining the Royal Navy’s fleet of 54 Merlin helicopters.
- The contract will help to support 1,000 jobs and contribute to national security.
- Merlin helicopters are described as 'submarine hunters' and have various capabilities.
- Leonardo is the prime contractor for the maintenance of the Merlin helicopters and is the single bidder for a £1bn contract to build new medium-sized helicopters.
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HinduBusinessLine
5h
6
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J&K CM introduces free ridership for women, PDP calls move ‘hasty’
- Jammu and Kashmir Chief Minister Omar Abdullah has introduced free ridership for females in state-run buses to enhance women's mobility.
- The initiative was appreciated by women, but the opposition PDP deemed it 'hasty.'
- Abdullah announced the free bus service in his budget speech and stated that it would provide safe and comfortable travel for women.
- The PDP criticized the decision, citing the limited number of buses and the need for adequate transportation options.
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Bloomberg Quint
5h
268
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Dolby Cinema To Enter Indian Theatres In 2025
- Dolby Cinema is set to be launched in India this year with six exhibitors opening the premium cinema offering.
- The first locations to have Dolby Cinema screens are: City Pride in Pune, Allu Cineplex in Hyderabad, LA Cinema in Trichy, AMB Cinemas in Bengaluru, EVM Cinemas in Kochi, and G Cineplex in Ulikkal.
- Dolby Cinema integrates picture and sound quality with their proprietary Dolby Vision video technology, providing exceptional brightness, darker darks, and lifelike depth.
- It also utilizes the Dolby Atmos sound system to create an immersive experience for the audience in all directions, including from above.
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HinduBusinessLine
5h
337
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More than ₹110 cr of Lakhani India shoe company attached by ED
- Lakhani India Ltd and its group companies - Lakhani Rubber Udyog Pvt Ltd and Lakhani Apparel Pvt Ltd - have been accused of defrauding Indian Overseas Bank, Punjab National Bank, and Allahabad Bank of ₹162 crore.
- The promoters of Lakhani India, PD Lakhani and Suman Lakhani, are also allegedly involved in the case.
- The Enforcement Directorate (ED) has provisionally attached properties worth over ₹110 crore, including five commercial plots, a farmhouse, and a commercial flat-cum-office.
- The ED initiated a money laundering probe based on two FIRs filed by the CBI for criminal conspiracy and cheating in 2021 and 2023.
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HinduBusinessLine
5h
13
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Retail investors turn net sellers in March in equities
- Retail investors have sold shares worth nearly ₹10,000 crore in March, according to provisional data.
- In contrast, retail flows into mutual funds have remained strong despite market volatility.
- The Nifty index has dropped over 15% between September and February-end.
- Some investors may have sold shares for tax harvesting purposes.
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HinduBusinessLine
5h
165
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India’s wheat procurement season begins with 6 lt surplus on early purchase
- India's wheat procurement season begins with 6 lt surplus on early purchase.
- Total wheat procurement has reached about 8.5 lt until March 31, with a significant increase compared to last year.
- The procurement season started earlier this year, leading to higher purchases in states like Madhya Pradesh, Rajasthan, Uttar Pradesh, and Gujarat.
- The Centre needs to be more proactive in Uttar Pradesh and consider announcing a bonus, similar to MP and Rajasthan, to encourage farmers to sell their produce during the procurement season.
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Bloomberg Quint
5h
113
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Nikhil Kamath-Backed Gruhas Invests In Content Commerce Startup LehLah
- Content commerce startup LehLah has raised Rs 12.5 crore in seed funding, led by Gruhas, a firm co-founded by Nikhil Kamath and Abhijeet Pai.
- LehLah operates as a content commerce platform, allowing creators to monetise their influence through curated product recommendations.
- The funds will be used for product development, increasing brand visibility, and expanding the team.
- LehLah aims to bridge the gap between creators and brand partners, turning authentic content into a powerful revenue stream.
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Baystreet
5h
31
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Quantum Threats Are Here—Why the Next Cybersecurity Boom May Already Be Underway
- The quantum computing race is accelerating in 2025, with concerns rising about the Quantum Apocalypse, a time when quantum computers could break current encryption within seconds.
- National Institute of Standards and Technology (NIST) has finalized post-quantum algorithms like HQC and ML-KEM, while the UK's National Cyber Security Centre has a migration plan for post-quantum readiness.
- Investors are turning to companies like Scope Technologies Corp., Akamai Technologies, Gen Digital Inc., Check Point Software Technologies Ltd., and CyberArk Software Ltd. for next-gen cybersecurity solutions.
- Market projections show the Quantum Computing Software market expected to surge, and Research and Markets anticipates growth in the Post-Quantum Cryptography market.
- Scope Technologies Corp. announced infrastructure upgrades to its QSE platform for enhanced capacity and performance to meet growing demand and prepare for the QSE Mobile App launch.
- Scope has signed strategic partnerships, witnessing increased interest in its quantum-resilient cloud storage, capable of processing secure messages at scale with quantum-resistant encryption.
- With a focus on data privacy and quantum resilience, Scope's QSE platform offers secure messaging, file storage, and enterprise data workflows, with no third-party data access.
- Scope recently closed a private placement, receiving funding to finalize app development, expand its encryption suite, and cater to increased demand in sectors like healthcare, finance, and government.
- The company's strategic partnerships in Europe and Asia-Pacific, along with the launch of the Quantum Preparedness Assessment tool, highlight its growth trajectory and position in the cybersecurity domain.
- Other companies such as Akamai Technologies, Gen Digital Inc., Check Point Software Technologies Ltd., and CyberArk Software Ltd. are also making advancements in cybersecurity and digital safety.
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Forbes
5h
20
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Mortgage Refinance Rates Today: April 1, 2025 – Rates Decrease
- Today's mortgage refinance rates show a decrease, with the rate on a 30-year fixed refinance at 6.75%.
- The average rate for a 15-year mortgage refinance is 5.62% and for a 20-year mortgage refinance is 6.51%.
- The average rate on a 30-year fixed mortgage refinance decreased by 0.01 point compared to last week.
- For a 30-year fixed-rate refinance mortgage of $100,000 at 6.75%, the monthly payment is around $649.
- The 20-year fixed mortgage refinance average rate is 6.51%, with a monthly payment of approximately $746 for a $100,000 loan.
- A 15-year fixed mortgage refinance has an average rate of 5.62%, with a monthly payment of about $824 for a $100,000 loan.
- Interest rates on 30-year fixed-rate jumbo mortgage refinance loans decreased to 7.13%.
- Refinance rates are typically slightly higher than mortgage rates; differences vary by program.
- Consider refinancing to lower your interest rate, reduce monthly payments, access home equity, or eliminate private mortgage insurance costs.
- An improved credit score and comparing loan estimates can help you secure a competitive refinance rate.
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HinduBusinessLine
5h
82
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Karnataka’s organised microfinance sector grapples as defaults surges post new ordinance
- Karnataka is witnessing a surge in loan delinquencies, with nearly 8% of borrowers having loans from five or more institutions.
- The crisis has been exacerbated by confusion over a recent ordinance passed by the Karnataka government, fueling defaults.
- The bill specifically targets unregulated microfinance entities but has inadvertently impacted the organised sector as well.
- Factors contributing to defaults include over-borrowing, last year's heat wave, reduced economic activity, inflation, and diminished purchasing power.
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Baystreet
5h
27
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Embecta Flat on Publication of Diabetes Education Piece
- Embecta Corp. (NASDAQ: EMBC) remained unchanged after publishing a diabetes education piece in Mayo Clinic Proceedings.
- The publication introduces the FITTER Forward Expert Recommendations for insulin injection technique and education.
- The recommendations aim to enhance clinical outcomes for people with diabetes worldwide.
- Proper insulin delivery technique plays a crucial role in maintaining target blood glucose levels.
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HinduBusinessLine
5h
335
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India’s major ports see 5% cargo growth in FY25, led by Deendayal and Paradip
- India's major ports witnessed a 5% growth in cargo traffic in FY25, primarily led by Deendayal Port in Kandla and Paradip.
- Deendayal Port reported a 13% increase in traffic, reaching over 150 million tonnes (mt), while Paradip reported the highest cargo traffic at 150.4 mt.
- The top cargo items handled by these ports include iron ore, fertilizers, coal, petroleum, oil, and lubricants.
- India is also working on developing several port clusters as mega ports with enhanced capacity to meet future demands.
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Bloomberg Quint
5h
76
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NDTV Profit Pulse On April 01 —Top 8 Stories At 8 P.M. Under 8 Minutes
- Finance Minister Nirmala Sitharaman explained the discontinuation of gold bonds attributing it to rising borrowing costs and global economic challenges, favoring government securities market for raising resources efficiently.
- The Reserve Bank of India announced injecting Rs 80,000 crore liquidity through open market operations in four tranches to enhance liquidity in the market.
- SEBI extended the deadline for preparing retail algo trading rules to August 1, aiming to regulate algo providers for retail investors' entry into algo trading.
- Gross GST collections for March rose by 9.9% to Rs 1.96 lakh crore, with significant contributions from Central GST, State GST, Integrated GST, and compensation cess.
- Maharashtra approved bike taxis with only electric bikes permitted to take pillion passengers, in line with promoting electric vehicle usage.
- US stocks declined before tariff announcements by President Trump, contributing to a volatile market session, while Indian indices closed low following the trend.
- Maruti Suzuki and Hyundai saw sales growth in March, with Tata Motors, Ashok Leyland, and TVS Motor also reporting positive sales figures.
- The government's move to convert Vodafone's spectrum liabilities may offer a temporary relief, but the telecom provider may need more support to overcome its financial challenges.
- Other notable stories include trade talks between India and Chile, SEBI's new municipal bonds rating framework, IndiGo CEO's views on ticket affordability, clean energy focus, and Gen Z's entrepreneurial endeavors.
- NDTV Profit summarized the key headlines including financial updates, market insights, and regulatory changes, offering a quick overview of the day's top stories.
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Bloomberg Quint
5h
342
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FPIs Stay Net Sellers For Second Straight Session, Offload Equities Worth Rs Rs 5,901 Crore
- Foreign portfolio investors (FPIs) remained net sellers for the second straight session, offloading equities worth Rs 5,901 crore.
- In 2025, FPIs have net sold equities worth Rs 1.16 lakh crore.
- On the other hand, domestic institutional investors remained net buyers for the third consecutive session, purchasing equities worth Rs 4,322.58 crore.
- India's benchmark equity indices closed lower for the second consecutive session, with NSE Nifty 50 ending 1.5% down and BSE Sensex ending 1.8% lower.
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Baystreet
5h
24
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Newsmax Springs on Market Debut
- Newsmax (NYSE:NMAX) went public on the New York Stock Exchange on Monday.
- The conservative cable news network's audience has grown after the election of President Donald Trump and other right-wing politicians.
- Newsmax stock opened at $14 a share and soared more than 700% in volatile trading.
- The IPO comes at a time when traditional cable TV has suffered as consumers opt for streaming, and the demand for right-wing prime-time content has increased.
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