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HinduBusinessLine
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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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118
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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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149
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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
5d
364
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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
5d
77
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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
5d
16
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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
5d
139
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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
5d
282
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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
5d
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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
5d
200
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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
5d
397
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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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Guardian
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164
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China accuses UK politicians of ‘arrogance’ in British Steel row
- China accuses UK politicians of ‘arrogance’ in British Steel row
- China's embassy to the UK accuses British public figures of slandering China's government and businesses
- The dispute over the future of the Scunthorpe furnaces strains UK's relationship with China
- The UK government shows mixed messages on Chinese investment in strategically important industries
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HinduBusinessLine
5d
356
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Hotel brands check in at Bhogapuram
- Thailand-based Minor Hotels and Mayfair Hotels have announced mixed-use projects near the upcoming Bhogapuram airport.
- Minor Hotels has partnered with Sunray Resorts to introduce its Avani+ brand in India, with a 117-key resort and 58 branded residences.
- GMR group is developing the Bhogapuram airport, expected to be ready by June 2026, which is seen as a promising emerging destination.
- Other hotel chains like Sarovar Hotels and Radisson Hotel Group are actively exploring investment opportunities in the region.
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HinduBusinessLine
5d
147
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Poonawalla Fincorp expands into gold loan segment, plans 400 new branches
- Poonawalla Fincorp Ltd (PFL) expands into the gold loan segment by offering quick financing against gold assets.
- PFL plans to open 400 new branches in Tier-2 and Tier-3 cities to strengthen its secured lending portfolio.
- The move is a natural progression in the company's strategy, focusing on customer asset safety and transparency.
- The gold loan market represents a significant opportunity with low credit risk and resilience, attracting industry professionals to provide tailored financial solutions.
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HinduBusinessLine
5d
136
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Karnataka’s tech start-ups see 46% on-year drop in funding, no new unicorns
- Karnataka's tech start-ups reported a 46% YoY drop in funding for Q1FY25.
- Seed stage funding decreased by 14% compared to the previous quarter and by 5% compared to the same quarter last year.
- Early stage funding increased by 34% compared to the previous quarter, but dropped by 14% compared to Q1FY24.
- Late stage funding saw a significant drop of 48% compared to the previous quarter and a 60% drop compared to Q1FY24.
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