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Bloomberg Quint
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Mumbai Faces Hot, Humid Weather, No Heatwave Alert Today: Latest IMD Forecast
- Hot and humid conditions are likely to prevail in Mumbai, Maharashtra, on Tuesday according to the India Meteorological Department (IMD). The IMD has placed Mumbai under a yellow alert, indicating a heat advisory for the area. Hot and humid weather conditions will also prevail in coastal districts of Maharashtra.
- The IMD predicts an increase in the maximum temperature by 1-2 degrees Celsius during the next four days over most parts of Maharashtra. Subsequently, there will be a mild relief as the maximum temperature is expected to fall by 2-3 degrees Celsius.
- In April, above-normal maximum temperatures are expected in most parts of Maharashtra, according to the IMD's monthly forecast. The state is also likely to experience an above-normal number of heatwave days during the month.
- Precautions should be taken during heatwave-like conditions, especially by vulnerable groups such as the elderly and children. National and State Disaster Management Authorities provide guidelines for action, including access to cooling centers and heat advisories for the public.
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Bloomberg Quint
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TCS To Coforge: Motilal Oswal Bets On Large Caps And Domestic Themes
- Motilal Oswal trims Nifty EPS estimates for FY2025 and FY2026.
- Weak earnings in certain sectors are offset by growth in others.
- Valuations for large-caps become more attractive while mid- and small-caps remain elevated.
- Top picks include Reliance Industries, TCS, and domestic-facing sectors.
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Bloomberg Quint
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India Inc's March Quarter Earnings Likely To Be Muted, Says Jefferies
- India Inc. is expected to report muted earnings growth for the January-March quarter, with a decline in bank earnings growth.
- Lending businesses' profitability is projected to decline 8% YoY in the fourth quarter.
- IT earnings growth is expected to decrease 3% sequentially and 6% YoY.
- The on-year revenue growth of India Inc. is expected to be 12% and likely remain muted on the quarter.
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Bloomberg Quint
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391
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IndusInd Bank Target Price Cut By Morgan Stanley As Weaker Earnings Projected
- Morgan Stanley has cut its target price for IndusInd Bank Ltd., lowering it from Rs 1,105 to Rs 755.
- IndusInd Bank's Q4 FY25 performance was notably weak, with loan growth slowing to 1% year-on-year from 12% YoY in the previous quarter.
- Deposit growth declined to 7% YoY compared to 11% YoY last quarter, and the bank's Current Account Savings Account deposits fell 6% quarter-on-quarter.
- Morgan Stanley has sharply reduced its earnings estimates for IndusInd Bank, lowering its EPS estimates by 27% for FY25 and 17% for both FY26 and FY27.
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Bloomberg Quint
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Bharti Airtel In, Tata Motors Out: Macquarie's India Strategy Focuses On Domestic Facing Players
- Macquarie's India strategy focuses on domestic facing players to leverage local market strengths and mitigate global exposure risks.
- Inclusions: Bharti Airtel, UltraTech Cement, and GAIL are included in Macquarie's Super 6s buy ideas list.
- Exclusions: Sun Pharma, Tata Motors, and Wipro are excluded from Macquarie's Super 6s buy ideas list.
- US President Donald Trump's global tariff imposition has created uncertainties for companies with high global exposure.
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Bloomberg Quint
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Gold And Silver Rate Today — Check Prices In Mumbai, Bengaluru, Delhi, Chennai And More
- Gold prices in India fell to Rs 87,100 per 10 grams, declining from the previous week's highs.
- Silver prices in India also fell to Rs 88,870 after crossing Rs 1 lakh last week.
- Global spot gold prices fell over 1.22% to $2,999.
- Industrial demand for silver, driven by its importance in renewable energy and electronics, has been contributing to the surge in prices.
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Bloomberg Quint
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Stock Market Live: GIFT Nifty Indicates Positive Start; BEL, M&M, Titan Share Prices In Focus
- The benchmark equity indices crashed on heightened volatility following Trump's reciprocal tariffs announcement.
- GIFT Nifty indicates a positive start in the stock market.
- Stock price focus on BEL, M&M, Titan.
- Asian markets witnessed heightened volatility but ended on a positive note.
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Bloomberg Quint
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Wockhardt Not To Face Significant Impact Of US Tariffs, Says Chairman Khorakiwala
- Wockhardt, a pharmaceutical company, will not face significant impact of the global turmoil over US tariffs due to its strong business model.
- Wockhardt's exposure to the US market is just 5% and it is planning to exit the generic business in the country soon.
- Other pharma companies with substantial exposure to the US may need to adjust their strategy and look at other markets like Europe to compensate for the potential impact of tariffs.
- The tariffs will increase the cost burden for US consumers, as a significant portion of generic prescriptions in the country are met by Indian products.
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Bloomberg Quint
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Stocks To Watch Today: BEL, M&M, Titan, Brigade Enterprises, P N Gadgil Jewellers
- Bharat Electronics Ltd. received a Rs 2,210 crore order for electronic warfare from the Indian Air Force and has received orders worth Rs 2,803 crore so far in the financial year 2026.
- Mahindra & Mahindra Ltd. reported total production at 88,701 units and total sales at 79,751 units. The company has also incorporated Mahindra Advanced Technologies as a wholly owned subsidiary.
- Titan Co. reported a 22% year-on-year growth in CaratLane and a 25% uptick in standalone business compared to last year.
- P N Gadgil Jewellers reported a 26% year-on-year growth in consolidated revenue. The retail segment grew 50% compared to last year and the e-commerce segment grew 244% compared to the previous quarter.
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Pymnts
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MercadoLibre to Boost Investment in Brazil by 48%
- MercadoLibre plans to increase its investment in Brazil by 48%, from 23 billion reais in 2024 to 34 billion reais in 2025.
- The company will focus its investment on logistics, technology, marketing, and increasing its staff in Brazil.
- MercadoLibre recently announced plans to invest $3.4 billion in Mexico, its second largest market behind Brazil.
- The company, with a market capitalization of $92 billion, aims to become the largest digital bank in Latin America.
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Bloomberg Quint
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Petrol, Diesel Prices Today: Fuel Rates Updated In Delhi, Mumbai, Chennai, Bangalore, Hyderabad
- Petrol and diesel prices updated in Delhi, Mumbai, Chennai, Bangalore, Hyderabad.
- Petrol prices range from Rs 94.77 to Rs 105.01 per litre in different cities.
- Diesel prices range from Rs 87.67 to Rs 95.70 per litre in different cities.
- Fuel prices in India are influenced by global crude oil trends, foreign exchange rates, and local taxes.
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Bloomberg Quint
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Oil Edges Higher After Three-Day Rout With Trade War In Focus
- Oil edges higher after a three-day slump as global markets adopt a slightly calmer tone.
- West Texas Intermediate rose above $61 a barrel, rebounding from a 15% decline over three sessions.
- Trump's threat of additional import taxes on China and trade talks with other nations weigh on the market.
- Escalating trade war and OPEC+ output hike lead to concerns of a global slowdown and impact on oil demand.
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Bloomberg Quint
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Stock Market Today: All You Need To Know Going Into Trade On April 8
- Asian markets faced volatility on concerns over global economic growth due to President Donald Trump's trade war, with US equity-index futures rising early.
- Amid global uncertainties and trade tensions, Asian markets ended positively after a volatile day, with Topix and Nikkei 225 showing significant intraday rises.
- Chinese stocks slumped, government bond yields neared record lows, and S&P 500 initially approached bear market territory before recovering intraday.
- India's benchmark indices hit a 10-month low, with Nifty 50 ending 3.24% lower and BSE Sensex closing 2.95% down on Monday.
- Foreign portfolio investors continued selling stocks, while domestic institutional investors turned net buyers on Monday.
- Stocks to watch include Bharat Electronics, Mahindra & Mahindra, Titan, P N Gadgil Jewellers, Brigade Enterprises, and others with significant developments.
- Insider trades and trading tweaks, F&O cues, and currency updates are important factors influencing the market scenario.
- Updates on Nifty futures, options, securities in ban period, and currency exchange rates are crucial for market participants.
- Research reports on various sectors like IT, BFSI, consumer sector, financial services, and oil and gas provide insights for investors.
- Overall, the market outlook is influenced by global trade tensions, economic uncertainties, and a mix of positive and negative developments in various sectors.
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Economic Times
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Wealthtech firm Scripbox eyes $20 million at $200 million value
- Bengaluru-based wealthtech startup Scripbox is looking to raise $15-20 million in a fresh funding round.
- The funding round could value Scripbox at around $200 million.
- Scripbox aims to onboard a new investor and is betting on improved financial metrics to attract attention.
- The startup became profitable in the previous year and is preparing for an IPO in the next 18-24 months.
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Bloomberg Quint
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Asian Traders Brace For Swings As US Futures Rise: Markets Wrap
- Asian markets face volatility as concerns of global economic growth arise due to Trump's trade war.
- Stock futures indicate a rebound in Japanese shares, gains in Australia, and further losses in Hong Kong.
- US-listed Chinese shares fall more than 5% as Trump threatens additional tariffs on China.
- Treasuries weaken, dollar gains, and Trump shows no sign of pausing his plan for additional tariffs.
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