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Bloomberg Quint
23h
254
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Rupee Closes Stronger Against Dollar After Trump Tariffs Impact
- The Indian rupee closed stronger against the US dollar on Thursday after erasing early losses triggered by fresh tariffs imposed by US President Donald Trump.
- The rupee strengthened 7 paise to close at 85.44 against the US dollar, recovering from the biggest opening drop since March 10.
- Oil prices declined after Trump's tariff announcement, raising concerns over global economic growth.
- The US has introduced reciprocal tariffs that are significantly higher than market expectations, with higher tariffs on India, China, and the European Union coming into force from April 9.
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Bloomberg Quint
23h
356
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Indian Banking And Succession Planning Masterclass In What Not To Do
- In Indian banking, the CEO’s chair is less of a role and more of a family heirloom—held onto tightly, passed around selectively, and often leaving everyone wondering if it will ever be vacated.
- Tenures stretch, extensions are granted with the casual inevitability of an extra helping at a family dinner, and leadership transitions are treated less as an institutional necessity and more as an unfortunate disturbance to the status quo.
- The reluctance to prepare for leadership transitions isn’t about a lack of options—it’s about a lack of will.
- Indian banking needs to learn from its past mistakes in succession planning to ensure smooth and effective leadership transitions.
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Bloomberg Quint
23h
98
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IT Q4 Results Preview — From Margin To Revenue Outlook, How Will LTIMindtree, TCS & Other IT Stocks Perform
- With near term softness across the board Tech Mahindra, LTIMindtree Coforge, L&T Technology Services (ER&D) to be in better place than others in terms of revenue growth.
- Q4 FY25 expected to be more sluggish than Q3 FY25 for large cap IT companies like Infosys, HCLTech, Wipro.
- The brokerage expects margin improvement in TCS and LTIMindree in Q4 FY25.
- For mid-cap IT companies, expect flattish to positive trend across services, engineering research and development, and software.
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Bloomberg Quint
23h
43
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Stock Market Highlights: Nifty, Sensex Close Lower After Trump Tariffs
- The benchmark equity indices ended in the red after US President Donald Trump imposed heavy tariffs on India and the world.
- The Nifty 50 ended 0.35% lower at 23,250.10 and the Sensex closed 0.42% down at 76,295.36.
- Infosys, Tata Consultancy Services, HCL Technologies, Tata Motors, and Tech Mahindra dragged the Nifty the most.
- Nine out of the 15 sectors on the National Stock Exchange declined, with Nifty IT and Auto falling the most.
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Bloomberg Quint
23h
265
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Cholamandalam Investment and Finance: Growth Resilient, But Stock Looks Expensive Says Nuvama
- Cholamandalam Investment and Finance demonstrates strong profitability and above-average asset under management growth according to Nuvama.
- Despite recent price appreciation, Nuvama believes the stock looks expensive and initiates a 'Hold' recommendation with a target price of Rs 1,600.
- The company is projected to sustain a 'best-in-class earnings growth' rate of 30% over the financial years 2025-2027E.
- Cholamandalam Finance's scrip fell 2.33% to Rs 1,426.25 apiece, the lowest level since March 12.
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Bloomberg Quint
1d
37
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IDFC First Bank Shares At Over One-Month High As Total Business Grows 23%
- Shares of IDFC First Bank Ltd. rose to the highest level in over a month on Thursday after its total business grew 23% to Rs 4.8 lakh crore in the last financial year.
- The private sector bank's loans and advances rose 20% year-on-year to Rs 2.4 lakh crore. Customer deposits jumped 25% to Rs 2.4 lakh crore.
- IDFC First Bank's CASA ratio stands at 46.9% in the January–March quarter compared to 47.7% in the previous quarter, the exchange filing said.
- Shares of IDFC First Bank rose as much 6.49% on the NSE to 60.90 apiece, the highest since Feb. 21. The stock was trading 5.65% higher at Rs 60.42 as of 2:48 p.m., compared to a 0.35% decline in the benchmark Nifty.
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Analyticsindiamag
1d
300
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Scapia Secures $40M in Series B Funding to Boost Travel and Fintech
- Scapia, a Bengaluru-based travel fintech company, has raised $40 million in series B funding led by Peak XV Partners.
- The funding will be utilized for product development, team expansion, and integration of AI into its travel and financial services offerings.
- Scapia's co-branded credit card, developed in partnership with Federal Bank, offers competitive rewards, airport privileges, and no forex markup.
- The company plans to expand its services further in the Indian market after its customers have used its card to travel to over 100 countries.
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Bloomberg Quint
1d
52
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Bank Of India Share Price Jumps After Reporting Q4 Deposits, Advances Growth
- Bank of India's domestic deposits increased to Rs 7 lakh crore, up from Rs 6.8 lakh crore in the previous quarter.
- Global deposits also saw a rise, reaching Rs 8.2 lakh crore, compared to Rs 7.9 lakh crore in the previous quarter.
- In terms of advances, Bank of India reported global gross advances of Rs 6.7 lakh crore, up from Rs 6.5 lakh crore in the previous quarter.
- Shares of Bank of India rose as much as 5.96% to Rs 118 apiece.
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Bloomberg Quint
1d
26
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MHT CET 2025 Admit Card: Exam Dates, Steps To Download Hall Ticket And More
- The Maharashtra CET Cell is expected to release the MHT CET 2025 (Maharashtra Health and Technical Common Entrance Test) soon.
- Admit Card Release Date: The MHT CET 2025 admit card is expected to be released around April 5, 2025.
- Exam Dates: The Pharmacy exam will take place from April 9 to 17, while the PCM (Physics, Chemistry, Mathematics) exam will be conducted from April 19 to 27.
- Candidates can download their admit cards from the official MHT CET website using their registered email ID and password.
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Guardian
1d
176
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What Trump’s tariffs could mean for UK consumers
- The US announcing tariffs on goods, including a 10% charge on UK imports, is sparking fears of a global trade war.
- Potential fallout for UK consumers includes rising food prices and inflation if US imports become more expensive.
- Importers may seek alternative sources to avoid tariffs, which could affect prices in the UK market.
- The impact on UK pensions and investments is significant due to stock market fluctuations caused by the trade tensions.
- Investors with exposure to US shares may face losses, impacting pension funds and personal investments.
- Staying invested during market volatility is advised to capitalize on potential opportunities in the long term.
- The threat of tariffs also affects mortgages, potentially leading to interest rate rises if inflation persists.
- Economic uncertainty and trade tensions could prompt the Bank of England to adjust interest rates to stimulate the UK economy.
- Industries heavily reliant on exporting to the US, like carmakers, may face job losses due to reduced demand.
- Carmakers, particularly facing a 25% tariff, could be significantly impacted, potentially endangering thousands of jobs.
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Bloomberg Quint
1d
326
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GMR Airports Gets 'Buy' Rating As Citi Initiates Coverage
- Citi Research has initiated coverage on GMR Airports with a 'buy' rating, setting a target price of Rs 90 based on a sum-of-the-parts valuation.
- GMR Airports is well-positioned to benefit from India's projected passenger volume growth, expected at a compound annual growth rate of 8% over FY24-27.
- The company's strategic assets, including the Delhi airport, give it an advantage over capacity-constrained airports like Mumbai.
- Citi expects GMR Airports to turn profitable by fiscal 2026, driven by traffic growth, tariff increases, and non-aero spending.
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19 Likes
Bloomberg Quint
1d
244
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Trump Tariff Mismatch: Rates Declared At Liberation Day Event Differ From White House Executive Order
- The executive order signed by US President Donald Trump listing future reciprocal tariff rates had differing levies for 14 countries from what US President Donald Trump showed in a chart at Rose Garden event to announce the move on Wednesday.
- Details attached with the executive order showed effective tariff rate for India at 27%, compared to 26% mentioned on the rate-chart-like list Trump showed.
- Tariff on imports from South Korea was penciled in at 26% in Annex I of the reciprocal tariff executive order, compared to 25% shown in Trump's chart.
- Tariff rates differed for Botswana, Cameroon, Malawi, Nicaragua, Norway, Pakistan, the Philippines, Serbia, South Africa, Thailand, Vanuatu, and the Falkland Islands, as per a Bloomberg report.
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Bloomberg Quint
1d
101
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Trump's Reciprocal Tariffs: Ray Dalio Weighs On The Pros And Cons Of US' Action
- Billionaire and veteran hedge fund manager Ray Dalio weighed on the pros and cons of tariffs, noting that it could raise revenue and help shore up domestic production capabilities.
- Tariffs can impact global efficiencies of production and potentially lead to stagflationary effects on the entire world.
- The levies are more deflationary for the exporting country and more inflationary for the importer.
- In times of international conflicts, tariffs can reduce dependencies on foreign production and capital.
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6 Likes
Economic Times
1d
3
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Snacking brand Sweet Karam Coffee raises $8 million from Peak XV Partners, Fireside Ventures
- Snacking brand Sweet Karam Coffee has raised $8 million in Series A funding from Peak XV Partners and Fireside Ventures.
- Founded in 2015, Sweet Karam Coffee offers South Indian sweets, snacks, filter coffee, and everyday essentials.
- The funding will be used for expansion, product development, and supply chain capabilities.
- The company has seen significant revenue growth and aims to further expand its distribution channels.
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SiliconCanals
1d
180
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GRACE secures €5.9M to redefine luxury brand protection and customer experience: Know more
- Franco-Swiss fintech company GRACE secures €5.9M in seed funding for luxury brand protection against theft and loss.
- FinTech Collective and Speedinvest lead the funding round with participation from notable investors.
- GRACE offers automatic protection integrated with brand experiences at no extra cost.
- The funds will be used to cover over 200,000 luxury items through partnerships and expand internationally.
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