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HinduBusinessLine
4d
296
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Wipro shares down 6% post Q4 results
- Wipro shares declined by 6% after the company declared Q4 results.
- The company guided for a revenue degrowth of 3.5 to 1.5% in Q1FY26 for its IT services segment.
- Brokerages have slashed target prices on Wipro stock, with Nuvama Institutional Equities downgrading the stock to hold at a reduced target price of ₹260.
- Motilal has reiterated a sell call on Wipro with a target price of ₹215 due to weak guidance and sustained demand softness.
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Bloomberg Quint
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378
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Why Are Umpires Checking Bats In IPL 2025? All You Need To Know About Gauge Test
- Rajasthan Royals batter Riyan Parag was required to change his bat on Wednesday after it reportedly failed to meet the size requirements during the pre-play gauge test introduced in the Indian Premier League (IPL) 2025.
- As per IPL 2025 rules, umpires now check bats on-field to ensure they meet size regulations, which Parag’s bat failed.
- Three KKR players also failed the test and had to change their bats at the start of IPL 2025.
- The on-field bat gauge tests have been introduced to ensure compliance throughout the game.
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HinduBusinessLine
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Markets trade lower in early trade dragged down by IT stocks
- Markets trade lower in early trade dragged down by IT stocks.
- BSE Sensex declined 362 points to 76,682.29 in early trade.
- Wipro reported a rise in consolidated net profit for the March quarter, but warned of a weak quarter ahead.
- Rupee rises 10 paise to 85.54 against US dollar in early trade.
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Bloomberg Quint
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196
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Samsung April Update For Galaxy S25 Series Comes With New Features — Check Details
- Samsung's April update for the Galaxy S25 series brings new features and enhancements.
- The update includes a pill-shaped media widget for quick access and expanded playback controls from the status bar.
- The update is currently limited to the Korean region and includes camera, charging, and software upgrades.
- Samsung is expected to roll out the update to other regions soon.
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Bloomberg Quint
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134
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Apple iPhone Fold Is Likely To Feature These Specs To Align With Carbon Goals
- Apple could launch its foldable smartphone, the iPhone Fold, as early as 2026.
- The main display of the iPhone Fold will have a resolution of 2,713 x 1,920 px and a 7.76-inch size.
- Apple is considering using liquid metal for the iPhone Fold hinge to ensure rigidity and enhance durability.
- The estimated price of the iPhone Fold is between $2,100-$2,300, making it one of Apple's most expensive smartphones.
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HinduBusinessLine
4d
296
Image Credit: HinduBusinessLine
Rupee rises 10 paise to 85.54 against US dollar in early trade
- The Indian rupee opened at 85.48 and rose 10 paise to 85.54 against the US dollar in early trade.
- The currency had gained 16 paise to close at 85.64 against the dollar in the previous session.
- The rupee had strengthened by 104 paise over the past three sessions since April 9.
- The fall in equity market sentiment and a slight recovery in crude oil prices added pressure on the rupee.
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Coinjournal
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36
Bhutan’s hydro-powered crypto gamble: can green mining fuel economic growth?
- The Kingdom of Bhutan is utilizing its abundant hydropower resources to mine 'green' cryptocurrencies.
- Bhutan's sovereign wealth fund sees this strategy as a means to diversify the economy, combat brain drain, and create employment opportunities.
- Green cryptocurrencies are mined using renewable energy sources, aligning with Bhutan's status as a country running entirely on clean hydropower.
- Bhutan aims to expand its hydropower infrastructure in order to scale its green crypto ambitions and become a global hub for green digital currency.
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HinduBusinessLine
4d
349
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China’s Xi Jinping urges ‘Asian family’ unity as Trump pressures trade partners
- China's President Xi Jinping emphasized solidarity with Asian countries and called for unity to combat geopolitical confrontation.
- China and Malaysia have agreed to enhance collaboration on industry, supply chains, data, and talent.
- Xi reiterated his call to fight unilateralism and oppose any attempts by external forces to interfere in Asian countries' internal affairs.
- Xi's regional tour aims to keep Southeast Asian countries from cutting deals with the US at the expense of China.
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HinduBusinessLine
4d
182
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Gold hits fresh record as trade war, Powell fire up haven demand
- Gold prices hit a fresh record as trade war tensions and Powell's comments fuel safe-haven demand. Bullion rose 0.4% to $3,357.78 per ounce.
- Powell commented that the Federal Reserve is not planning to intervene in the market to calm the recent volatility.
- The US and Japan have initiated trade negotiations aiming to avoid higher tariffs, with hopes to reach a deal within the 90-day grace period.
- Gold has climbed nearly 28% this year due to escalating trade war concerns, outpacing the 27% gain seen in 2024, and increasing anxiety over a global recession.
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Bloomberg Quint
4d
227
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US Banks’ Earnings And Readthroughs For Indian IT — Read Motilal Oswal's Analysis
- Major US banks reported better-than-estimated results with robust trading revenue.
- In Q1 FY25, major US banks maintained their tech budgets and commitment to digital investments.
- Indian IT players in the BFSI sector saw healthy revenue growth.
- Motilal Oswal's top picks include Coforge, Tech Mahindra, and HCL Tech for their portfolios.
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HinduBusinessLine
4d
88
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Cement prices and demand likely to surge further as outlook improves: Nuvama Research
- Cement prices have increased across all regions, with the southern region leading the surge.
- Rise in prices supported by a pickup in demand due to capital expenditure by governments and CPSEs.
- Industry volumes expected to grow by 7-8% in Q4 FY25, but slower full-year growth at 4-5% due to various factors.
- Long-term outlook improving with rising prices and stable demand expected to support growth.
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HinduBusinessLine
4d
199
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IDFC FIRST Bank to get ₹7,500 cr from Warburg, ADIA arm
- IDFC FIRST Bank's Board of Directors approved a preferential issue of equity capital worth ₹4,876 crore to Currant Sea Investments B.V and ₹2,624 crore to Platinum Invictus B 2025 RSC Limited.
- The capital adequacy of IDFC FIRST Bank will increase from 16.1% to 18.9% with this fundraising, strengthening the bank's balance sheet and positioning it for profitable growth.
- IDFC FIRST Bank has introduced the "Ace" feature on its mobile app, providing over 2500 mutual fund options.
- The bank aims to consistently exceed operational expenses growth, turn profitable businesses to scale, and deliver sustainable returns to stakeholders.
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Bloomberg Quint
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321
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IDFC FIRST Bank Board Approves Fundraising Of Rs 7,500 Crore From Warburg, ADIA
- IDFC FIRST Bank will issue compulsorily convertible preference shares at Rs 60 each to Warburg Pincus affiliate Currant Sea and ADIA-backed Platinum Invictus to raise Rs 7,500 crore.
- The board of IDFC FIRST Bank has approved raising up to Rs 7,500 crore from two separate investors backed by Warbug Pincus and Abu Dhabi Investment Authority.
- The two investors include Currant Sea Investments BV and Platinum Invictus B 2025 RSC. Currant Sea is an affiliate of Warburg Pincus and Platinum Invictus is an affiliate of ADIA.
- The bank will allot 81.26 crore and 43.71 compulsorily convertible preferential shares at Rs 60 per piece each to both marque investors, respectively.
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Guardian
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170
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Ministers in ‘active conversation’ with UK drug firms over potential tariffs
- UK government is in discussions with pharmaceutical firms to assess potential impact of US tariffs on exports.
- Negotiations are underway to secure exemptions for British drugmakers from tariffs through a trade deal with the US.
- Industry lobbying intensifies against potential tariffs as they fear disruptions to supply chains and higher costs.
- European pharmaceutical companies also seek assistance from EU to counter US tariffs and maintain operations.
- Concerns arise over the possible shift of pharmaceutical industry from Europe to the US if tariffs are imposed.
- Lib Dems call for an emergency taskforce to ensure security of medicines supply amidst tariff threats.
- Government downplays fears of shortages due to tariffs, while critics warn of disruptions to supply chain.
- Growing worries over potential impacts of tariffs on complex pharmaceutical supply chains and costs.
- Calls for government to strengthen and protect pharmaceutical supply chains to safeguard patients and economy.
- Opportunities and challenges emerge for UK's life sciences sector amid discussions on tariffs and trade deals.
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Bloomberg Quint
4d
40
Image Credit: Bloomberg Quint
Gensol Engineering Share Price Locked In Lower Circuit For Second Consecutive Day; Stock Hit Fresh Record Lows
- Gensol Engineering's share price fell by 5% for the second consecutive day after being barred by SEBI for alleged fund diversion and record falsification.
- The company's promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, have been prohibited from holding any key managerial positions within the company.
- Gensol Engineering's Independent Director, Arun Menon, has tendered his resignation, and the company's announced stock split has been halted by SEBI.
- The decline in share price and regulatory actions have impacted investor sentiment.
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