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Bloomberg Quint
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India's Exports Cross $800 Billion In 2024-25, Say Sources
- The country's goods and services exports are estimated to have crossed $800 billion in 2024-25.
- The 2024-25 figures for exports and imports will be released by the commerce ministry on April 15.
- In 2025-26, the country's merchandise exports will record a positive growth.
- India's merchandise exports stood at $395.63 billion during April-February 2024-25.
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Bloomberg Quint
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Trump Promised A Manufacturing Boom, Industries Are Not So Sure
- President Donald Trump promised a manufacturing revival through historic tariff blitz, but industries express doubts on its success and impact.
- Trump's optimistic vision of a ‘golden age’ for American manufacturing faces skepticism from advocates and economists due to supply chain issues, high costs, and workforce challenges.
- Concerns persist over the feasibility of moving entire production processes back to the US, given global interdependencies in the manufacturing sector.
- Economists remain doubtful that tariffs alone will drive significant reshoring, citing labor cost discrepancies and uncertainty about the longevity of protectionist policies.
- The White House justifies the tariff strategy, asserting that advancements in manufacturing technologies make US production more economically viable.
- Trump’s tariff gamble aims to restructure the US economy, but the short-term repercussions and voter perceptions could influence Republican party prospects in future elections.
- Challenges include uncertainties surrounding tariff impacts on businesses, potential disruptions in supply chains, and concerns over workforce availability for expanded manufacturing in the US.
- Despite some companies seeking to boost US investments before the tariff announcement, concerns persist regarding the impact of Trump's tariffs on manufacturing processes.
- Industry voices express worries about fulfilling the workforce needs for increased manufacturing facilities, especially amidst immigration policies that could limit labor force growth.
- Future economic growth strategies, like an upcoming tax bill, are being considered by Trump, with debates surrounding the balance between individual tax cuts and corporate reductions.
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Bloomberg Quint
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Jubilant FoodWorks Q4 Business Update: Revenue Rises 44%, 56 New Stores
- Jubilant FoodWorks Ltd.'s consolidated revenue from operations grew to Rs 8,145.5 crore for the financial year 2025, a 44% rise year-on-year.
- Jubilant FoodWorks Group added up to 56 new stores during the January-March quarter of fiscal 2025, taking the total to 3,316 stores.
- Domino's India reported a like-for-like growth of 12.1% in the fourth quarter of fiscal 2025.
- Shares of Jubilant FoodWorks closed down 1.69% to Rs 681 apiece on the NSE on Friday.
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Bloomberg Quint
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Indian Exporters Navigate US Tariffs With Competitive Edge, Eye EU Markets For Growth, Says Sources
- Indian exporters are better positioned to deal with the additional US tariffs as compared to their competitors.
- Sectors like shrimp could explore new markets such as the European Union to push their shipments.
- India has the first mover advantage in the US due to ongoing bilateral trade agreement negotiations.
- While the US has imposed an additional 26% import duty on India, its competitors face higher import duties.
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Bloomberg Quint
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IPL 2025: Delhi Crushes Chennai By 25 Runs To Break 15-Year Jinx At Chepauk
- Delhi Capitals defeated Chennai Super Kings by 25 runs in IPL 2025 at Chepauk, breaking a 15-year jinx at the venue.
- Batting first, DC scored 183/6 with KL Rahul's brilliant 77 runs off 51 balls, supported by Tristan Stubbs and Matheesha Pathirana's contributions.
- Chennai Super Kings managed 158/5 in reply, with Vijay Shankar top-scoring with 69 runs and MS Dhoni remaining not out on 30.
- CSK struggled early on, losing wickets in the powerplay, and could not chase down the target set by DC.
- Mitchell Starc and Mukesh Kumar bowled well for DC, putting pressure on CSK's batting lineup.
- KL Rahul's impressive batting, supported by solid bowling, led Delhi Capitals to their third consecutive victory in IPL 2025.
- Chennai's home crowd was left disappointed as DC secured their first win at Chepauk in 15 years.
- The match saw ups and downs, with key performances from both teams, making it an exciting contest for fans.
- Overall, DC's strong batting display and disciplined bowling proved crucial in their win over CSK.
- The victory showcased DC's form and determination in IPL 2025, setting the tone for their campaign in the tournament.
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Bloomberg Quint
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Collectors Feel Relief As Classic Cars Evade Trump’s Auto Tariffs
- President Trump's auto tariff plan has negatively impacted global markets, but vintage cars have received an exemption from the new tariffs, bringing relief to collectors and industry professionals.
- The exemption applies to passenger vehicles and light trucks manufactured at least 25 years prior to the current year, allowing for the continued import of classic cars at existing rates.
- Industry experts like Martin Button and Dmitriy Shibarshin view the exemption as a positive development for the classic car market globally.
- Concerns were raised about potential devastation to the classic car industry in the US, which includes over 43 million cars valued at over $1 trillion, if no exemption was granted.
- Legal efforts were made to secure the exemption for certain used automobiles, race cars, and parts, highlighting the significant tax revenue implications for the US government and states.
- Industry professionals, such as Jay Bullock and Steve Serio, were relieved by the exemption, as it prevented significant financial burdens on their businesses and purchases.
- While the exemption benefits classic cars, later-model used vehicles will still be subjected to the new tariffs, impacting cars like 2010 Nissan GT-Rs and 2020 Mercedes-AMG C63s.
- The exemption has led to increased value for similar vehicles already in the US, as the new tariffs make importing cars from Europe more expensive, boosting domestic car values.
- Despite the challenges posed by the evolving tariff policies, the new fees have inadvertently led to a potential increase in the value of existing vehicles in the market.
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Bloomberg Quint
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India To Not Join Any Unified Response To US Tariffs
- India will not be part of any coordinated global response or retaliation against the latest round of tariffs imposed by the United States.
- The government will adopt a measured, independent approach by choosing dialogue and strategic trade realignment over immediate retaliation.
- India is exploring Free Trade Agreements with countries like Bahrain and Qatar to expand its trade footprint and offset potential disruptions.
- Officials expect India's exports to surpass the previous year's levels across merchandise and services, and believe India is well-positioned compared to economies directly affected by US tariffs.
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Hackernoon
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Hackathons Are Broken. Here’s How We Fix Them.
- Hackathons have been instrumental in launching successful tech projects like Uniswap and Polygon, but most projects fail to progress beyond the weekend due to flaws in the hackathon system.
- The current hackathon landscape lacks a global standard for quality, leading to an overflow of events and wasted efforts by developers building for non-impactful competitions.
- Projects often die post-hackathon due to a lack of structured follow-up, funding, and ongoing support, hindering long-term execution and success.
- VCs overlook hackathon projects, missing out on potential investment opportunities, as hackathons primarily reward creative demos over sustainable business ideas.
- Proposed solutions include a global hackathon repository for tracking projects, post-hackathon acceleration programs, and increased involvement from Web3 companies to foster innovation pipelines.
- Implementing changes such as maintaining project updates, connecting winners with investors, and providing mentorship can help hackathons evolve into true innovation hubs.
- Kalp Studio's BUILD Bharat Tour exemplifies a proactive approach to nurturing hackathon projects by ensuring their continued evolution beyond the event and fostering real-world adoption.
- To transform hackathons into effective launchpads, the industry needs to emphasize a repository for project tracking, establish investment pipelines, offer post-hackathon support, and garner more support from blockchain companies.
- The article stresses the need to revamp hackathons to unlock their potential as catalysts for industry-changing innovations, highlighting the urgency to address the existing shortcomings in the hackathon ecosystem.
- Ultimately, the call is made for a collective effort to enhance hackathons and ensure they serve as enduring platforms for driving impactful innovation in the tech industry.
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Bloomberg Quint
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Secured Your First Job? Avoid Five Mistakes That Could Ruin Your Financial Planning
- Not following a budget: Getting a salary can put anyone on cloud nine. Create a monthly budget and stick to it.
- Not planning for retirement: Start investing for a better future with a systematic investment plan.
- Overspending on credit cards: Practice moderate credit card usage and manage debts to avoid financial issues.
- Neglecting tax planning: Plan your tax deductions and liabilities to maximize savings.
- Not buying insurance: Start insurance policies while young and healthy to secure yourself and your family.
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Bloomberg Quint
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Max Estates Issued Show Cause Notice By GST Department Over Rs 2.25 Crore Tax Credit
- Real estate company Max Estates Ltd. has received a show cause notice from the GST department for recovery of around Rs 2.25 crore.
- The notice is related to inadmissible input tax credit claimed by the company for legal expenses incurred for acquisition of businesses and investment in companies under the NCLT dispute.
- The GST department objects to the eligibility of ITC availed by the company for financial years 2018-19 to 2022-23, amounting to Rs 2.25 crore.
- Max Estates believes it maintains strong legal and factual grounds and is prepared to address and contest the show cause notice.
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Bloomberg Quint
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JLR To Pause Exports To US In April On Trump Auto Tariffs
- Jaguar Land Rover, the luxury unit of India’s Tata Motors Ltd., has decided to pause exports to the US in April in light of auto tariffs.
- On April 2, US President Donald Trump brought into effect via an executive order a 25% tariff on all foreign carmakers.
- India’s carmakers are largely insulated from Trump’s move as their exports to the US are miniscule.
- In FY24, the UK unit of India’s third largest carmaker drew 23% of its revenue and 26% of wholesale volumes from the US.
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Bloomberg Quint
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From Mario To Zelda: Games To Look Out For On Nintendo Switch 2
- Nintendo announced the Switch 2 handheld gaming console to be launched on June 5, along with a slew of video games for it across publishers and developers.
- Major titles to look out for on Nintendo Switch 2 include 'Mario Kart World', 'The Duskbloods', 'Hyrule Warriors: Age of Imprisonment', 'Civilization 7', 'Yakuza 0: Director's Cut', 'Donkey Kong Bananza', 'Elden Ring Tarnished Edition', 'Hogwarts Legacy', 'Hitman: World Of Assassination - Signature Edition', and 'Hollow Knight: Silksong'.
- Nintendo Switch 2 exclusive titles like 'Mario Kart World' offer open-world exploration, diverse characters, dynamic weather, and up to 24-player races.
- Upcoming games like 'Duskbloods' and 'Hyruke Warriors' offer unique multiplayer experiences and prequels to beloved series.
- 'Civilization 7' introduces new features, while 'Yakuza 0: Director's Cut' and 'Donkey Kong Bananza' promise exciting gameplay experiences.
- 'Elden Ring Tarnished Edition' brings additional content, 'Hogwarts Legacy' offers improved graphics, and 'Hitman: World Of Assassination - Signature Edition' provides diverse strategies for players.
- 'Hollow Knight: Silksong' expands on its predecessor with new gameplay elements and intense combat.
- Players can also anticipate sequels like 'Borderlands 4', 'Enter The Gungeon 2', and the highly awaited James Bond game, 'Project 007'.
- Classic Nintendo games including 'The Legend of Zelda: Wind Waker,' 'Soulcalibur 2,' and 'F-Zero GX' can be accessed through the Nintendo Switch Online + Expansion Pack.
- Additionally, the Nintendo Switch Online + Expansion Pack will feature a controller reminiscent of the Game Cube for nostalgic fans.
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Bloomberg Quint
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PDS CEO Bets On 5-5-5 Strategy To Achieve $3.5 Billion Top Line By FY29
- PDS Ltd. aims to achieve a top line of $3.5 billion by FY29.
- Under the 5-5-5 strategy, PDS aims to generate a GMV of $5 billion and a profit after tax margin of 5% in five years.
- PDS' current order book stands at approximately $600 million, reflecting over a 25% increase compared to the same period last year.
- Global fashion retailer PDS is confident in achieving its target through the 5-5-5 strategy.
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Bloomberg Quint
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ECB’s Schnabel Says Trump’s Onslaught May Mark End Of Free Trade
- ECB's Schnabel suggests Trump's tariff onslaught may mark the end of global free trade.
- Schnabel emphasized that 'Liberation day' was not liberating, indicating the conclusion of free trade.
- She mentioned that the EU was not created to harm the US, but to ensure Europe's prosperity.
- Schnabel also stated that inflation is projected to reach the ECB's target of 2%.
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Bloomberg Quint
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Simple Guide On How To Use AI For Financial Planning
- AI is significantly transforming the way people approach every task, including financial planning.
- AI models process information faster and accurately, helping generate customer-specific portfolio strategies and plan wisely.
- AI helps forecast future outcomes by analyzing historical data and identifying trends and patterns.
- AI tools play a crucial role in managing risks, ensuring compliance, providing personalized financial advice, and flagging potential risks.
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