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Bloomberg Quint
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Crompton Greaves Has Favourable Risk-Reward Profile, Says Goldman Sachs, Sees 45.8% Upside
- Goldman Sachs reiterates 'buy' rating on Crompton Greaves Consumer Electricals.
- Crompton's stock corrected 21% over the last six months compared to an 8% decline in BSE Sensex.
- Crompton is well-positioned to navigate challenges and has potential for profitable growth.
- Goldman Sachs expects Crompton's growth to outperform the industry in upcoming quarters.
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Bloomberg Quint
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Nifty Midcap Falls To One-Month Low As Global Sell-Off Deepens
- The Nifty Midcap 100 fell by 7.26% to a one-month low as global sell-off deepens.
- Mazagon Dock Ltd. and JSW Infrastructure Ltd. are among the worst-hit stocks in the midcap space.
- Several midcap companies, including Bharat Forge Ltd. and CG Power Ltd., declined about 10%.
- Indian markets are likely to remain under pressure in the near term as global trade uncertainty continues.
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Bloomberg Quint
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Apple iOS 18.5 Beta Update: Here’s What’s New Before iOS 19 Shows Up In June
- The iOS 18.5 beta update focuses on stability and performance rather than new apps or features.
- The update offers minor improvements to the iPhone experience before the iOS 19 release at WWDC in June.
- Some of the minor tweaks in iOS 18.5 include options in the Mail app settings and improvements in AppleCare.
- The iOS 18.5 update is expected to be released to the public in May, following the trend of Apple's x.5 updates.
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Bloomberg Quint
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Best Phones To Buy In 2025: Top 5 Picks You Shouldn’t Miss
- Samsung Galaxy S25 Ultra, priced at Rs 1,29,999 on Amazon, offers brilliant AI features and a stunning OLED screen.
- OnePlus 13, available for Rs 69,998 on Amazon, is a premium phone with a Snapdragon 8 chip and 100W fast charging.
- Xiaomi 15 Ultra, priced at Rs 1,09,999 on Amazon, is a great photography phone with a 200MP zoom lens.
- Oppo Find X8 Pro, priced at Rs 99,999 on Flipkart, is a stylish flagship with excellent cameras and strong battery life.
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Bloomberg Quint
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Huge Discount On Apple iPhone 13 — Should You Upgrade Now?
- The price of the iPhone 13 (128GB, Blue variant) on Amazon has been discounted to Rs 43,999 from its usual price of Rs 49,900.
- Additional discounts can be availed by Amazon Prime members with an Amazon Pay ICICI Bank credit card, as well as through the exchange offer.
- The iPhone 13 is still a smart buy due to its fast performance, long-term software support, great cameras, and reliable battery life.
- Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.
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Bloomberg Quint
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JLR Posts Steady Sales In FY25, Achieves Net Cash Milestone
- Jaguar Land Rover reported steady sales for the full year, with wholesales at 400,898 units and retail sales at 428,854 units.
- Product mix, including high-margin models like Range Rover, Range Rover Sport and Defender, accounted for 67.8% of full-year wholesales.
- In the March quarter, wholesales increased in North America by 14.4% and in Europe by 10.9%, while volumes declined in China and overseas markets.
- JLR achieved the key milestone of ending FY25 in a net cash positive position under its Reimagine strategy.
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Bloomberg Quint
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Nifty's 5% 'Black Monday' Fall Wasn't The Worst In 21st Century
- Nifty 50 has seen an intraday fall higher than today 69 times since 2000.
- The biggest intraday fall the Nifty 50 has seen in the 21st century was on May 17, 2004, when the benchmark fell to an intraday low of 18.34%.
- Monday's 5.07% crash was the worst Nifty has seen in 2025. However, the large-cap gauge has seen an intraday fall higher than this 69 times since 2000.
- The Nifty 50 has seen the most crashes in 2008, followed by in 2012.
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Eu-Startups
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Unicorn Pennylane bags an additional €75 million for electronic invoicing
- Paris-based Pennylane has raised €75 million in funding to strengthen its position as a leading solution for European businesses and accounting firms in the electronic invoicing sector.
- The round was led by Sequoia Capital, Capital G, and Meritech, with DST also participating.
- Pennylane aims to provide integrated financial management and electronic invoicing services for SMEs and their accountants.
- The funding will be used to support the company's growth and expand their team, as well as develop additional services for businesses and firms.
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Bloomberg Quint
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Markets To React Irrationally As Uncertainty Persists Due To Trump Tariff: Kotak AMC's Nilesh Shah
- Markets will remain irrational due to persisting uncertainty as the US is trying to restrict trade deficit with aggressive tariffs.
- India faces a 26% tariff on its imports to the US, which has rattled the global markets and weighed on Indian markets.
- The NSE Nifty 50 declined 5.07% and the BSE Sensex fell 5.23% on Monday, hitting their lowest level since June 4, 2024.
- Domestic market-focused sectors like textiles, chemicals, pharmaceuticals, garments, footwear, and cement are recommended for investment.
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Economic Times
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Juspay closes $60 million funding from Kedaara Capital, others; valuation doubles to more than $900 million
- Bengaluru-based payment aggregator Juspay has closed a $60 million financing round led by domestic private equity fund Kedaara Capital with existing investors SoftBank and Accel participating.
- The funding round values the company at more than $900 million, doubling its previous valuation of $440 million in 2022.
- The primary funds being infused in Juspay is around $10 million, while the rest of the round facilitates secondary sales by existing shareholders to incoming ones.
- Juspay plans to advance its artificial intelligence capabilities to improve workforce productivity and merchant experience.
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Bloomberg Quint
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NCLAT Dismisses IDBI Bank's Plea For Insolvency Against Zee Entertainment
- The National Company Law Appellate Tribunal (NCLAT) dismissed IDBI Bank's plea for insolvency proceedings against Zee Entertainment.
- The appellate tribunal granted liberty to IDBI Bank to move a fresh plea for default outside of the period mentioned in section 10A of the Insolvency & Bankruptcy Code.
- Section 10A of the Insolvency & Bankruptcy Code bars the filing of any application for initiation of the corporate insolvency resolution process for any default arising on or after March 25, 2020, for a period of one year.
- The NCLT had already rejected IDBI Bank's plea, stating that it was barred under Section 10A of the Insolvency & Bankruptcy Code.
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Bloomberg Quint
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Samsung Galaxy S24 Gets Huge Price Slash On Amazon
- Amazon is offering a huge price cut on the Samsung Galaxy S24 5G.
- Originally launched at Rs 79,999, it is now available at Rs 53,989 on Amazon.
- Additional discounts available for HDFC, BOB, and Federal bank select cardholders.
- The Samsung Galaxy S24 5G comes with a premium design, advanced features, and a hefty price cut.
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Bloomberg Quint
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Looking Beyond Apple? 6 Best Android Alternatives To iPhone 16 Pro Max
- The iPhone versus Android debate begins all over again when a new iPhone drops.
- Here are six amazing Android alternatives to iPhone 16 Pro Max.
- 1. Xiaomi 15 Ultra – Rs 1,09,999 On Amazon
- 2. Google Pixel 9 Pro XL – Rs 1,29,999 on Flipkart
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Bloomberg Quint
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267
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RBI May Extend Record Cash Boost As Risks Mount, Analysts Say
- The Reserve Bank of India is likely to extend its record cash infusions into the banking system as it shields the economy from mounting global headwinds, analysts say.
- The authority is expected to inject as much as four trillion rupees ($47 billion) through bond purchases and foreign-exchange swaps in the current fiscal year.
- A boost in liquidity is vital to ensure that interest-rate cuts are effectively transmitted, particularly amid rising risks such as the impact of the new US tariff regime on Indian exports.
- The RBI is expected to cut rates again on April 9, with bulls predicting the easing will push benchmark yields to new three-year lows.
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Bloomberg Quint
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Centre Releases Over Rs 4,200 Crore To Andhra For Amaravati Capital Project
- The Central Government has released over Rs 4,200 crore to Andhra Pradesh for Amaravati Capital Development project after it received the first disbursement of $205 million from the World Bank.
- The World Bank and Asian Development Bank together committed to fund Rs 13,600 crore for Amaravati capital city phase-I development, while the Centre will be contributing Rs 1,400 crore for phase-I of the development.
- The Centre has agreed to give 25% of the total committed amount as 'Mobilisation Advance', and the amount that was released is under this head.
- The next instalment of the committed amount will be released after the state government shows some progress and submits bills or utilization certificates.
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