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Bloomberg Quint
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Defence Ministry Denies Move To Reduce Test Criteria Between Male, Female Army Candidates
- The Ministry of Defence denies any proposal to reduce physical test parameters between male and female candidates for Indian Army recruitment.
- Minister of State for Defence Sanjay Seth informed Lok Sabha that no such proposal has been moved by the Indian Army to date.
- DMK MP Kalanidhi Veeraswamy inquired about the government's plan to lower physical test parameters for female candidates.
- No changes in the physical test criteria have been proposed for male and female army candidates.
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Bloomberg Quint
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Foreign Investors Pull $973 Million From Tech Stocks in March, Most in 11 Months
- Foreign investors pulled $973 million from Indian information technology shares in March, marking the sector's worst monthly outflows in 11 months.
- The selling was a result of expensive valuations, weak earnings, and policy uncertainties.
- Foreign portfolio investors sold $14.5 billion worth of shares in the financial year ending March 2025, the highest annual outflows in three years.
- The financial services sector attracted the highest FPI inflows in March at $1.67 billion, while the telecom sector received $360 million in inflows.
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Bloomberg Quint
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SEBI Introduces Framework For Past Risk And Return Verification Agency
- SEBI introduces framework for Past Risk and Return Verification Agency (PaRRVA) to verify risk and return metrics of financial products and services offered by intermediaries such as investment advisors, research analysts, and stockbrokers.
- Verification services will be launched on a two-month pilot basis to test the system and gather feedback from stakeholders for process improvement.
- Eligibility criteria for a Credit Rating Agency (CRA) to be recognized as a PaRRVA includes at least 15 years of past experience, a net worth of Rs 100 crore, and an established investor grievance redressal mechanism.
- SEBI emphasizes the need for appropriate disclaimers with validated risk-return metrics, highlighting that past performance is not indicative of future results and should not be the sole basis for investment decisions.
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Bloomberg Quint
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95
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DEE Development Engineers Secures Rs 55 Crore Overseas Order
- DEE Development Engineers has secured a Rs 55 crore overseas order.
- The order is for the supply of piping items for a thermal power station.
- The order is set to be executed in the next 7-12 months.
- DEE Development Engineers aims to deliver the project with high engineering standards and on-time delivery.
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Bloomberg Quint
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352
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Commerce Minister's Remarks On Indian Startup Ecosystem's Value, Innovation Stir Up Debate
- Indian entrepreneurs react after Commerce Minister Piyush Goyal questioned the value and innovation of the Indian startup ecosystem.
- Zepto's Aadit Palicha emphasizes the importance of supporting the creation of 'local champions' in the startup ecosystem.
- Zoho's Sridhar Vembu views the minister's call as a challenge to engineers and technologists to drive innovation.
- Former Infosys CFO Mohandas Pai urges ministers to support deep-tech startups and remove obstacles.
- Anupam Mittal of Shaadi.com praises deep-tech companies in India but notes the lack of capital and ecosystem for growth.
- Palicha defends Indian startups, highlighting Zepto's contributions in tax, FDI, and supply chain organization.
- The debate arises from Goyal's remarks urging Indian startups to focus on high-tech sectors like AI and robotics instead of food delivery.
- Palicha argues that building strong local champions in the internet is essential for India to compete in technology revolutions.
- Despite Zepto not being a global leader yet, Palicha commits to investing in long-term innovation and value creation in India.
- The discussion reflects the need for support from the startup ecosystem, government, and Indian capital for nurturing local champions.
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Bloomberg Quint
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260
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Hyderabad-Based Research Centre, Tata Trust, Government Body To Screen Sickle Cell Anaemia
- Hyderabad-based CSIR-Centre for Cellular and Molecular Biology has partnered with Tata Trust Foundation and the National Health Mission to screen the population of Jharkhand for Sickle Cell Anaemia.
- The collaboration aims to raise awareness, enable early detection of the disease, and contribute towards the eventual elimination of Sickle Cell Anaemia in Jharkhand.
- Sickle Cell Disease is a genetic blood disorder that causes anaemia, pain crises, and affects various organs.
- The screening efforts will begin in the Kolhan region of Jharkhand, and CSIR-CCMB will provide expertise in counseling carriers and guiding couples towards prenatal diagnosis.
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Bloomberg Quint
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230
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Credit Score: What's Soft Inquiry And Hard Inquiry?
- A hard inquiry takes place when a financial institution evaluates your credit report and score to check your creditworthiness and judge whether you qualify for a loan or credit card.
- A hard inquiry can negatively impact your credit score, especially if there are multiple hard inquiries within a short period.
- A soft inquiry is done for gathering information about your credit profile and has no impact on your credit score.
- Soft inquiries are not visible to other financial institutions and have no impact on your loan applications.
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Bloomberg Quint
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130
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Bajaj Housing Finance Q4 Updates: Gross Disbursements Jump 25%
- Bajaj Housing Finance's gross disbursements grew by 25.1% in Q4, reaching Rs 14,250 crore.
- The company's assets under management in the March quarter stood at Rs 1.15 lakh crore, a 26% increase.
- The company's loan assets saw a year-on-year growth of 25.5%, reaching approximately Rs 99,500 crore.
- The figures shared are provisional and subject to audit.
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Bloomberg Quint
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39
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Shailini Warrier Quits As Federal Bank's Executive Director For Entrepreneurial Opportunity
- Shalini Warrier, the executive director of Federal Bank, has resigned to pursue a potential entrepreneurial opportunity.
- Warrier has served the bank for more than 9 years and believes it's an opportune time to step out and pursue her new journey.
- The board of Federal Bank has accepted her resignation and delegated the Managing Director and CEO to decide the actual date of relieving, which will be between May 15 and May 31.
- Warrier has over 28 years of banking experience, previously working with Standard Chartered Bank across various geographies.
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Bloomberg Quint
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180
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Amber Enterprises Banks On Electronics Division Growth To Log Margins Of Up To 9.5% By FY29
- Electronics Manufacturing Services company Amber Enterprises expects its electronics division to achieve double-digit margins by fiscal year 2028.
- Amber Enterprises CEO Jasbir Singh anticipates consolidated margin to reach 9% to 9.5% by fiscal year 2029.
- Amber Enterprises plans to invest about Rs 3,000 crore in the production-linked incentive (PLI) scheme for passive electronics components.
- Amber Enterprises' growth in the electronics division can be attributed to acquisitions and the success of the PLI scheme for AC components.
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Bloomberg Quint
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161
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Dhanuka Agritech Eyes Rs 2,000-Crore Revenue In FY26, Bolstered By Bayer AG Deal
- Dhanuka Agritech expects to reach a revenue of Rs 2,000 crore in FY26 and Rs 2,300 crore in FY27 driven by a deal with Bayer AG.
- The agreement with Bayer allows Dhanuka Agritech to market two fungicides in over 20 countries across several regions.
- Dhanuka Agritech anticipates a growth of around 17%, with revenue expected to increase from Rs 2,000 crore to Rs 2,300 crore next year.
- Dhanuka Agritech chairman downplayed concerns over the impact of US tariffs, suggesting that India would remain competitive compared to China.
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Bloomberg Quint
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178
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NDTV Profit Pulse On April 4 — Top 8 Stories At 8 P.M. Under 8 Minutes
- Oil prices saw a significant drop to a four-year low due to an unexpected surge in OPEC+ output, with Brent crude falling by 14% in two days.
- China retaliated against US tariffs by imposing a 34% tariff on all US imports, escalating the trade war and impacting global economic growth.
- US stock markets experienced a sharp decline following China's trade conflict escalation, with S&P 500, Dow Jones, and Nasdaq Composite all down by 3%.
- Nifty Pharma index witnessed a significant decline due to future tariff announcements by US President Trump, causing a nearly 5% drop and erasing previous gains.
- Both Nifty and Sensex continued a downward trend, reflecting concerns over global trade uncertainties caused by Trump's tariff policies.
- RBI is expected to implement a rate cut in April amid global economic slowdown and uncertainty following Trump's retaliatory tariffs, as predicted by economists.
- HSBC India Services PMI showed significant expansion in March, with the Business Activity Index at 58.5, above the long-term average, indicating continued growth.
- Paytm founder responded to India versus China debate on startups, noting China's advanced ecosystem and India's focus on immediate growth opportunities.
- Other key stories include Siemens Energy Demerger, insights on Trump tariffs, 8th Pay Commission updates, IndusInd Bank Q4 performance, and gold price projections.
- Stay updated with LIVE TV, Stock Market Updates, Business News, and more on NDTV Profit for the latest developments.
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Economic Times
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60
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ETtech Deals Digest: Startups raise $309.7 million this week; up 3.3x on-year
- Startups raised around $309.7 million between March 29 and April 4, marking an almost 3.3 times increase compared to the same period last year.
- This week, startups across seed, early, and late stages raised funds through 25 deals, compared to 75 deals in the year-ago period, when they raised a total of $92.1 million.
- Top deals for the week: 1) Spinny - closed a $131 million funding round at a valuation of around $1.7-1.8 billion. 2) Scapia - raised $40 million in a funding round led by Peak XV Partners. 3) Infinity Fincorp - raised $40 million in an extended Series A funding round led by Beams Fintech Fund. 4) Pratilipi - closed a $20 million round led by Jungle Ventures.
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TechCrunch
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TechCrunch All Stage: Learn how AI can supercharge your MVPs with Chris Gardner
- Underscore VC's investing partner Chris Gardner will lead a breakout session on AI and MVPs at TechCrunch All Stage event in Boston.
- The session will focus on the benefits and limits of AI in developing minimum viable products and its impact on the human element of product construction.
- Chris Gardner, with extensive experience in fintech and other domains, will share his insights on the topic.
- TechCrunch All Stage offers a range of sessions covering various topics, including fundraising, VCs evaluation, and market assessment, among others.
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Bloomberg Quint
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230
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Trump Tariffs: Trade Turbulence Ahead, But India May Sail Smooth, Says Neelkanth Mishra
- India may just escape the worst of the storm from the recently announced Trump tariffs, according to Neelkanth Mishra, chief economist at Axis Bank.
- Only three out of the 12 trade groups, which account for 85% of the US imports, will contest the tariffs: Canada, China, and the European Union. Retaliatory measures will be serious only from China.
- The Trump administration aims to maintain a multilateral world order, generate revenue, and weaken the strong US dollar. Uncertainty is expected in global markets for the next six to nine months.
- India may remain relatively insulated from the economic risks. The monetary policy committee is likely to cut rates, with the repo rate potentially coming down to 6%.
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