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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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Bloomberg Quint
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From Modelling To Investing, Dino Morea Talks Art Of 'Pivoting'
- Dino Morea, known for his modeling and acting career, talks about his journey from the fashion industry to entrepreneurship and investing.
- Morea reflects on his multiple career pivots and being his own disruptor.
- From being a supermodel, breaking into Bollywood, running a cafe, becoming an entrepreneur, and investing in the stock market, Morea shares his diverse experiences.
- Currently, Morea is focused on his entrepreneurial ventures, including his cold-pressed juice brand, his pet food business, and investments in the stock market.
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Bloomberg Quint
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Operation Brahma: India Extends Food Aid To Earthquake-Devastated Myanmar
- India extends food aid to earthquake-devastated Myanmar through Operation Brahma.
- India delivered the first tranche of Humanitarian Aid and Disaster Relief material to Myanmar in less than 24 hours.
- A large consignment of food aid, including rice, cooking oil, noodles, and biscuits, was delivered to Thilawa Port.
- India, along with other QUAD partner countries, committed humanitarian assistance of over $20 million for the Myanmar earthquake response.
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Bloomberg Quint
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Jaguar Land Rover To Pause Exports To US On Tariffs, Times Says
- UK automaker Jaguar Land Rover is pausing shipments of its cars to the US following the introduction of tariffs by Donald Trump’s government.
- The US government introduced a 25% tariff on imported cars, which went into effect on Thursday.
- Jaguar Land Rover sold 430,000 vehicles in the 12 months up to March 2024, of which almost a quarter were in North America.
- The Jaguar Land Rover move is the latest example of the global fallout from the policy, with other automakers also rethinking their business strategies.
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Bloomberg Quint
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Bharti Hexacom Gets Relief From Rajasthan High Court In Rs 55 Crore Tax Dispute
- Bharti Hexacom has received relief from the Rajasthan High Court in a tax dispute worth Rs 55 crore.
- The tax demand against Bharti Hexacom included a principal tax amount of Rs 49.21 crore and a penalty amount of Rs 5.39 crore.
- The order by the Rajasthan High Court was in favor of Bharti Hexacom, dismissing the appeal filed by the tax department.
- Bharti Hexacom operates as a licensed operator of wireless and fixed-line services in Rajasthan and Northeast circles and is rated as a 'buy' stock with a target price of Rs 1,625 per share.
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Bloomberg Quint
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Trump Tax Cut, Debt Limit Plan Advances Amid Tariff Turmoil
- Senate Republicans passed a budget resolution 51-48 to extend Trump's 2017 tax cuts and raise the federal borrowing limit.
- The tax cuts aim to inject certainty into markets amidst turmoil caused by Trump's tariffs on various countries.
- The measure allows for $1.5 trillion in new tax cuts over a decade and a $5 trillion increase to the debt ceiling.
- Renewing expiring portions of Trump's first-term cuts is seen as crucial to prevent a tax hike on US households next year.
- The GOP plan is criticized by Democrats for favoring affluent households over lower-and-middle class individuals facing tariff-related price hikes.
- House Republicans, particularly fiscal hawks, express concerns over the plan's lack of spending cuts.
- The budget resolution faces further scrutiny in the House, with potential differences to be resolved before tax legislation can be crafted.
- House Republicans must make tough decisions to accommodate numerous tax cut proposals within the $1.5 trillion budget ceiling.
- Senate Finance Committee has received over 200 requests for tax cuts to be included in the bill, including campaign promises from Trump.
- The administration contemplates tax increases to offset costs, potentially introducing a new income tax bracket for those earning $1 million or more.
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Bloomberg Quint
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Trump’s 10% Baseline Tariff On Most US Imports Takes Effect
- President Donald Trump’s 10% baseline tariffs on US trading partners around the world came into effect on Saturday.
- Higher duties on some countries, which replace, rather than add to the 10% rate, are due to start on April 9.
- The tariffs raised US tariffs to their highest level in more than a century, causing a significant drop in the S&P 500 index.
- Trump indicated willingness to lower his duties if other nations offered him something 'phenomenal'.
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Bloomberg Quint
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Defence Minister Rajnath Singh Inaugurates Various Infra Projects At Karwar Naval Base
- Defence Minister Rajnath Singh inaugurated various infra projects at Karwar naval base in Karnataka.
- The Navy is expanding the crucial naval base as part of Project 'Seabird'.
- The infrastructure at Karwar naval base includes a breakwater, a pier capable of berthing 10 ships, logistic and armament storage facilities, and accommodation for 1,000 personnel.
- Project Seabird's Phase-IIA will allow berthing of 32 ships and submarines, along with 23 yardcraft.
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Bloomberg Quint
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Chennai Court Recalls Non-Bailable Warrant Against IdeaForge Executive
- The Metropolitan Magistrates Court of Siadapet in Chennai recalled the non-bailable warrant issued against the CFO of IdeaForge Technology and accepted the copies of sureties furnished by other executives of the company.
- In a previous hearing, the court had asked the company and its higher executives to execute a bond with sureties for a sum of Rs 25,000. The sureties were furnished, and the non-bailable warrant was recalled.
- The case involves charges of criminal breach of trust, cheating, dishonestly inducing delivery of property, tampering with computer source documents, computer-related offenses, and damage to computer systems.
- IdeaForge Technology is an Indian unmanned aerial vehicle manufacturing company ranked third in drone manufacturing by Drone Industry Insights.
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Bloomberg Quint
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Trade Wars Could Lead To Deeper Market Corrections, Says Peter Cardillo
- Trade wars and slowing growth could push the equity markets further into correction territory, according to Peter Cardillo, chief market economist at Spartan Capital Securities.
- The escalating trade war and the imposition of tariffs by China in response to those by US President Donald Trump have heightened concerns about global economic growth.
- Significant declines in global equity indices, including the recent bear market territory entry for the Russell 2000 and the S&P 500's worst two-day plunge since March 2020, indicate the impact of the ongoing trade war.
- Cardillo also highlighted the risk of recession, with the severity of the recession depending on how soon the trade war ends, and suggested that continued market pressure may force a change in policy.
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Bloomberg Quint
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Delhivery To Acquire Ecom Express In Rs 1,407-Crore Deal
- Delhivery Ltd. is set to acquire Ecom Express Ltd. in a Rs 1,407-crore deal.
- The acquisition will involve obtaining shares equivalent to at least 99.4% of the issued share capital of Ecom Express.
- Delhivery aims to enhance its scale and value proposition to clients through this acquisition.
- The company expects the increased scale to support investments in service quality, technology, and research and development.
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Bloomberg Quint
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Tata Capital IPO: Upper Layer NBFC's $2 Billion Offer Latest To Go The Confidential Way
- Tata Capital Ltd. has confidentially filed draft papers for its IPO, with an expected worth of up to $2 billion.
- The IPO is expected to comprise a fresh issue of 23 crore equity shares and an offer-for-sale by certain existing shareholders.
- Tata Capital had long been preparing for a public listing and had received approval for a merger with Tata Motors Finance.
- Tata Capital becomes the latest company to utilize the pre-filed confidential route for its IPO filing.
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Bloomberg Quint
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Trent Posts 28% Revenue Growth In March Quarter
- Trent Ltd. reported a 28% year-on-year increase in standalone revenue for the fourth quarter of financial year 2025.
- During the quarter ended March, Trent expanded its retail footprint by opening 13 new Westside stores and 132 new Zudio outlets.
- For the full financial year 2025, the company posted a 39% rise in standalone revenue, totaling Rs 17,624 crore.
- In the last 12 months, Trent shares have fallen 38.96% and 21.91% year-to-date.
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Bloomberg Quint
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Atul Auto Targets To Achieve Pre-Covid Sales In FY26
- Three-wheeler manufacturer Atul Auto aims to achieve pre-Covid sales in the financial year 2025-26.
- The company expects the share of EV sales to increase from 25% currently to 30% to 40% in the current financial year.
- Atul Auto plans to expand its annual production to over one lakh vehicles in the next three to five years.
- The company remains focused on maintaining quality standards and offering fixed and swappable battery options for its electric vehicles.
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Bloomberg Quint
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Indian National Stabbed To Death In Canada
- An Indian national was stabbed to death near Canada's Ottawa city and police have taken one suspect in custody.
- The incident happened in Rockland, about 40 kilometers east of downtown Ottawa.
- The High Commission of India in Ottawa expressed deep sadness and is providing assistance to the victim's family through a local community association.
- The Ontario Provincial Police stated that there is no concern for public safety and have not yet disclosed the charges against the suspect.
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