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Bloomberg Quint
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Stock Market Crash: Delivery-Based Selling In HDFC Bank, Infosys, RIL
- HDFC Bank, Infosys, Reliance Industries (RIL), and ICICI Bank witnessed major delivery-based selling.
- HDFC Bank recorded a delivery volume of 1.28 crore shares, with more than 65% delivery percentage.
- Infosys recorded a delivery volume of 1.39 crore shares, with more than 61% delivery percentage.
- Reliance Industries (RIL) witnessed delivery volume of 1.54 crore shares, with a delivery percentage of 65%.
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Bloomberg Quint
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SEBI Imposes Rs 7 Lakh Fine On Reliance Securities For Rule Violations
- SEBI fined Reliance Securities Rs 7 lakh for not following stockbroker rules.
- SEBI inspected Reliance Securities and found that the company provided wrong details in daily margin statements and reported incorrect ledger balances.
- Reliance Securities failed to meet risk-based supervision guidelines and improperly passed upfront margin penalties to some clients.
- SEBI imposed a fine of Rs 7 lakh on Reliance Securities for violating stock broking norms.
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Pymnts
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Alphabet-Backed Pennylane Raises $82 Million to Expand Accounting Platform Across Europe
- Pennylane, a French accounting platform, has raised 75 million euros (about $82 million) in funding.
- The company aims to expand its platform across Continental Europe and has already seen significant growth, tripling its user base in the past year.
- Pennylane's solution is used by 4,500 accounting firms and 350,000 companies, with support from 60 reseller integrators.
- The funding round was co-led by Meritech Capital, CapitalG, and Sequoia Capital, with the goal of transforming financial management for small businesses and accountants.
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Bloomberg Quint
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Coffee Day Enterprises Reports Rs 425.38 Crore Loan Default Amid Liquidity Crisis
- Coffee Day Enterprises Ltd. has reported a total default of Rs 425.38 crore on payments of interest and repayment of principal amount on loans.
- The default includes a default of Rs 174.83 crore on the payment of the principal amount on loans or revolving facilities from banks or financial institutions as of March 31, 2025.
- In addition, there is a default of Rs 5.78 crore on the payment of interest and a default of Rs 200 crore on unlisted debt securities such as non-convertible debentures and redeemable preference shares.
- CDEL attributes the delay in debt servicing to a liquidity crisis and has not recognized any interest from April 2021 due to loan recall notices and pending legal disputes.
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Eu-Startups
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Miss Moneypenny Technologies raises €7 million for its SaaS Wallet Studio platform
- Berlin-based Miss Moneypenny Technologies has raised €7.3 million in a Seed round to support its global growth strategy and market expansion.
- The funding round was led by Earlybird, with b2venture also participating.
- Miss Moneypenny Technologies' SaaS Wallet Studio platform transforms wallet cards into intelligent access points, enabling businesses to enhance customer engagement.
- Wallet Studio has already been adopted by global companies like HDI, SIXT, and Zurich Insurance, and has reportedly achieved high engagement rates.
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Bloomberg Quint
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India Working On Military Space Doctrine, Says Chief Of Defence Staff
- India is working on a 'military space doctrine' to be released in two to three months, according to Chief of Defence Staff General Anil Chauhan.
- Emphasizing the importance of space in warfare, Chauhan highlighted the Defence Space Agency's endeavors to protect India's interests in outer space.
- The government has approved a 52-satellite constellation for defense purposes, with 31 satellites to be built by the private sector.
- The Defence Space Agency is developing an integrated satellite communication grid to enhance capabilities and prepare for the future.
- Chauhan stressed the need for space capabilities to counter evolving threats posed by adversaries' advancements in aerospace technologies.
- The discussion at the Indian DefSpace Symposium focused on fostering a 'space culture' through research, doctrine development, and strategic planning.
- Former IAF chief V R Chaudhari highlighted the growing significance of space assets and the inevitability of militarization of space.
- Chaudhari warned that the escalating arms race in space could become a strategic imperative, urging India to remain vigilant.
- Developing space capabilities and institutions for space warfare education were underscored as crucial steps for India's space strategy.
- The symposium emphasized the critical role of space in modern warfare, necessitating a proactive approach in developing space-based defense systems.
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Bloomberg Quint
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Cordelia Cruises Expands Fleet With Norwegian Sky And Sun Acquisition
- Cruise line Cordelia Cruises has signed an agreement with Norwegian Cruise Line Holdings for the transfer of Norwegian Sky and Norwegian Sun to its fleet.
- Cordelia Cruises will more than double its current capacity and broaden its experiences with the addition of Norwegian Sky and Norwegian Sun.
- The two new ships are capable of accommodating around 2,000 guests and 900 crew members, and will allow Cordelia Cruises to reach more ports and offer longer itineraries.
- Deployment timelines and destinations for the two new ships are yet to be announced.
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Bloomberg Quint
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Donald Trump Threatens China With 50% Additional Tariffs If Retaliatory Levies Not Withdrawn
- US President Donald Trump has threatened an additional 50% tariff on China if the latter does not withdraw the 34% retaliatory duties on US imports by April 8.
- Trump stated that if China does not withdraw the retaliatory duties, the United States will impose additional tariffs of 50% on China, effective April 9.
- Trump also mentioned that all talks with China regarding requested meetings will be terminated, and negotiations with other countries will begin immediately.
- The total US-China bilateral trade in goods was $582.4 billion in 2024 and the trade deficit was $295.4 billion in the same year.
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Bloomberg Quint
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Trump Speaks To Japan PM Ishiba, Sets ‘Tough But Fair’ Tariff Talks
- President Donald Trump said he spoke to Japanese Prime Minister Shigeru Ishiba on Monday and that “tough but fair parameters are being set” for a negotiation over US reciprocal tariffs.
- Trump's decision to impose sweeping tariffs on virtually all US trading partners has sent markets into a tailspin and set foreign leaders racing to persuade the president to lower the charges.
- Japan was slapped with a 24% across-the-board tariff scheduled to begin Wednesday, in addition to a 25% auto duty that is expected to hit the nation’s exports hard.
- Frustrated world leaders have struggled to find ways to convince Trump to climb down from his move, which would raise US tariffs to their highest levels in more than a century and undercut the post-World War II global trading system.
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Bloomberg Quint
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Buy, Sell Or Hold: Trent, L&T, Titan, Infosys, Tata Motors, Bajaj Finserv, Bharat Forge — Ask Profit
- Analysts provide insights on stocks including Trent, L&T, Titan, Infosys, Tata Motors, Bajaj Finserv, Bharat Forge, Wockhardt, and Suzlon Energy.
- Trent: Chokkalingam suggests holding due to potential market correction and competition from online stores.
- L&T: Ail advises holding, anticipating a bounceback close to Rs 3,450–3,500 after sustaining above Rs 31,000.
- Titan: Jain recommends buying, with the company being a preferred choice for gold stocks and near monthly support levels.
- Bajaj Finserv: Ail suggests buying, expecting the stock to reach close to Rs 22,000 levels and a current marginally down market.
- Infosys: Chokkalingam advises buying for medium to long-term, considering the expected outperformance of IT sector in the next 1-2 years.
- Wockhardt: Chokkalingam suggests selling and buying FDC Ltd. instead, citing ongoing losses and possible industry challenges.
- Bharat Forge: Chokkalingam suggests holding due to tariff war impact and preference for domestic demand-driven sectors despite a potential bounce back.
- Tata Motors: Chokkalingam advises holding for the long term, despite stagnant business growth, suggesting a potential comeback in 1-2 years.
- Suzlon Energy: Ojha advises holding for further potential upside, with expectations of reaching Rs 72–75 zone in one year. Jain also recommends holding, expecting a recovery near Rs 61–63 levels.
- Investors are advised to consult their financial advisors before making any investment decisions.
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Bloomberg Quint
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Hitachi Energy Targets Double-Digit Revenue Growth in FY26, Downplays Impact Of US Tariffs
- Hitachi Energy India Ltd. is targeting double-digit revenue growth in FY26 on the back of a strong order pipeline of Rs 19,000 crore.
- The company downplays the impact of the US tariffs due to its minimum exposure to the US market and strong energy transition-related demand.
- Hitachi Energy, along with Bharat Heavy Electricals Ltd., secured a high-voltage direct current (HVDC) transmission contract from Adani Energy Solutions.
- CEO N Venu emphasizes the importance of robust and resilient power grids in the wake of recent global power shutdown incidents.
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TechCrunch
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AI video startup Moonvalley raised a fresh $43M, SEC filing shows
- Los Angeles-based startup Moonvalley raised $43 million in venture capital, according to an SEC filing.
- Moonvalley previously raised $70 million in seed funding from backers including General Catalyst, Khosla Ventures, and Bessemer Venture Partners.
- Moonvalley launched its first AI video-generating model called Marey, which offers customization options and low legal risk.
- Moonvalley intends to protect creators' content, provide data deletion options, and establish guardrails to prevent misuse of its tools.
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Bloomberg Quint
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Lenders Add 25,000 Beneficiaries In Tarun Plus Scheme Category Under Mudra Yojana
- Lenders added about 25,000 beneficiaries under the Tarun Plus category of PM Mudra Yojana.
- 24,557 new borrowers took a loan amounting to Rs 3,790 crore in a short period of four months during FY25.
- The Tarun Plus category of PM Mudra Yojana offers enhanced loans up to Rs 20 lakh for entrepreneurs who have repaid previous loans under the 'Tarun' category.
- Since its inception, PM Mudra Yojana has sanctioned over 52.37 crore loans amounting to Rs 33.65 lakh crore, with 68% of loans granted to women entrepreneurs and 50% to SC/ST/OBC borrowers.
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Bloomberg Quint
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Elderly Woman's Onboard Death Forces Varanasi-Bound IndiGo Flight To Halt In Maharashtra
- An elderly woman's onboard death forced a Varanasi-bound IndiGo flight to halt in Maharashtra.
- The Mumbai-Varanasi flight made an unscheduled landing at the Chikalthana Airport in Maharashtra.
- The woman, a native of Mirzapur, started feeling unwell mid-air and was examined by a medical team at the airport, but she had already died.
- IndiGo followed standard safety procedures and offered support and assistance to the family members of the deceased.
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Economic Times
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Engineering software startup Rescale raises $115 million from Applied Materials, Nvidia
- San Francisco-based startup Rescale has raised $115 million in venture financing.
- Backers in this round include Applied Materials and Nvidia.
- Rescale's software helps simulate complex physical systems, and the funding will be used to enhance the process using artificial intelligence.
- The new funding brings Rescale's total raised to date to over $260 million.
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