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Bloomberg Quint
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IndusInd Bank Q4 Updates: Net Advances Down 5.2% QoQ, Deposits Flat
- IndusInd Bank's net advances declined by 5.2% sequentially to Rs 3.48 lakh crore in Q4
- Deposits of IndusInd Bank remained nearly flat at Rs 4.11 lakh crore in Q4
- Current and savings accounts ratio of IndusInd Bank stood at 32.8% in Q4
- Shares of IndusInd Bank closed 3.83% lower at Rs 682.25 apiece on the BSE
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Eu-Startups
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Grid Edge raises €3.3 million for AI software that helps cut energy costs and carbon
- Grid Edge, a Birmingham-based company, has raised over €3.3 million in funding to expand its team and develop their AI-powered software platform for reducing carbon emissions and energy costs.
- The funding came from various investors including Midlands Engine Investment Fund II, Mercia Ventures, Centrica, bp Ventures, and private investors.
- Grid Edge's platform collects and analyzes data from multiple sources to optimize performance, reducing costs and carbon emissions by an average of 20% with a return on investment in six months.
- The company plans to onboard more businesses, increase its number of locations, and create 15 new jobs in sales, customer support, and technical roles.
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Alleywatch
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The Most Active Investors in NYC Startups for Q1 2025
- The New York City startup ecosystem shows continued robust investment activity in 2025, with a mix of national and local venture capital firms participating in funding rounds.
- Nineteen firms completed three or more investment deals in NYC-based startups during the first quarter of 2025.
- Y Combinator leads with nine investments, while a diverse set of investors are making strategic bets across various stages and sectors in the NYC market.
- This data provides valuable insights about the most active investors in New York's competitive startup landscape.
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Siliconcanals
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Denmark’s BioCirc raises €40.2M; looks to complete €134M worth of green energy projects by 2025
- Copenhagen-based circular bioeconomic company, BioCirc, has raised €40.2M in an internal fundraising round to support its projects worth €134M by 2025.
- BioCirc plans to expand the Vinkel Biogas plant in Skive to become the world's largest biogas plant and establish a 55-hectare solar park around the facility for renewable electricity.
- The company will construct five carbon capture plants in different locations to capture approximately 1 million tons of CO2 and contribute to municipal climate targets.
- Founded in 2021, BioCirc aims to displace the use of fossil energy locally and owns and operates eight biogas plants in Denmark.
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Bloomberg Quint
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387
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Forex Reserves Surge To $665.396 Billion
- India's forex reserves increased by $6.596 billion to reach $665.396 billion in the week ended March 28, according to the RBI.
- Foreign currency assets, the largest part of the reserves, rose by $6.158 billion to $565.014 billion.
- Gold reserves grew by $519 million, reaching $77.793 billion.
- Special Drawing Rights dropped by $65 million to $18.176 billion, and India's IMF reserve position decreased by $16 million to $4.413 billion during the week.
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Guardian
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What will stock market falls over Trump’s tariffs mean for UK pensions and savings?
- Global stock markets have been falling sharply after Trump's announcement of tariffs on goods from around the world.
- People in the UK should be concerned about the stock market falls due to potential impact on pensions and savings.
- UK pension holders could be affected as the downturn in the market reduces investment opportunities and future economic growth.
- Investors are advised not to panic, stay diversified, and consider the potential benefits of buying opportunities in the long run.
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Bloomberg Quint
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417
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Of AI And Pizzas: Papa Johns, Google Cloud To Predict Cravings, Deliver AI-Powered Pizza Experiences
- Google Cloud and Papa Johns have announced an expanded partnership to improve the pizza maker's ordering and delivery experience using artificial intelligence.
- Papa Johns aims to elevate customer experience by anticipating personal cravings, optimizing delivery routes, and providing tailored recommendations and offers.
- The partnership will leverage Google Cloud's AI, data analytics, and machine learning capabilities to create more consistent experiences both inside the restaurants and through digital channels.
- Key projects include anticipating customer needs, hyper-personalized loyalty experiences, predictive ordering and personalized marketing, AI-powered customer interactions, and optimizing restaurant operations.
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Bloomberg Quint
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139
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Reciprocal Tariff Could Be Favorable For India’s Textile Sector — Read Systematix' Analysis
- Reciprocal tariffs announced by US President Donald Trump could be favorable for India's textile sector, providing a competitive edge for sourcing US apparel brands.
- India has strong demand visibility, comparatively lower tariffs, rising labor costs in Vietnam, a strong production base, and government support in the textile sector.
- The differential in tariff rates gives India an advantage over higher-tariff countries, making it an attractive sourcing destination for US apparel brands like GAP and Walmart.
- Despite near-term uncertainties, Systematix Institutional Equities remains optimistic about the prospects of India's textile sector in light of the reciprocal tariffs.
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Bloomberg Quint
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126
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Union Cabinet Approves Vibrant Villages Programme II For Rs 6,839 Crore
- The Union Cabinet approved the Vibrant Villages Programme II, a central sector scheme with an outlay of Rs. 6,839 crore.
- The programme aims to create better living conditions and adequate livelihood opportunities, ensure prosperous and safe borders, and assimilate the border population with the nation.
- It will provide funds for infrastructure development, value chain development, education infrastructure, and diverse livelihood opportunities in select strategic villages along the international land borders.
- Activities such as fairs, festivals, awareness camps, and promoting local culture and heritage will be organized to boost tourism potential.
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Bloomberg Quint
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IT Sector Q4 Results Preview: Subdued Growth Amid Weak Global Macros, Tight Spends — Systematix
- Indian IT companies continue to face challenges as the US grapples with ongoing macroeconomic uncertainties.
- The near-term outlook remains tepid, particularly around macro shocks and deal conversion cycles.
- The brokerage's positive on the industry over the medium-to-long term as enterprises prioritize digital transformational programs to stay competitive.
- The Fed's forecast of two 25bps interest rate cuts by end-2025 could boost demand visibility for FY27.
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Bloomberg Quint
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269
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Honor 400 Lite Launched With 108 MP Camera, MediaTek Dimensity 7025 Ultra, 6.7-Inch Screen, 5,230mAh Battery
- Chinese smartphone maker Honor has launched the Honor 400 Lite in select markets.
- The Honor 400 Lite features an octa-core MediaTek Dimensity 7025 Ultra chipset and runs on Android 15-based MagicOS 9.0.
- It comes with a 6.7-inch AMOLED screen, 108MP dual back camera, and a 5,230mAh battery with 35W wired fast-charging support.
- The Honor 400 Lite is priced at FT 1,09,999 (approximately Rs 25,000) for the 8GB RAM + 256GB model.
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Npengage
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5 Key Software Compliance Questions to Strengthen Your Approach
- Software compliance is crucial for organizations to abide by industry and security best practices in a digitally-driven world.
- Noncompliance can result in regulatory audits, fines, and damage to trust, money, and the future of an organization.
- Key questions for assessing software compliance include protection against fraud, adherence to privacy regulations, accessibility standards, mitigating cyber risks, and navigating future changes.
- Software should support fraud prevention, privacy regulations, accessibility, and cybersecurity best practices to ensure compliance and protect stakeholders.
- Compliance with privacy laws not only avoids legal issues but also enhances constituent relationships through transparent data usage.
- Accessibility compliance ensures inclusivity for individuals with disabilities and aligns with global standards like the Web Content Accessibility Guidelines.
- Mitigating cyber risks involves supplier partnerships, cybersecurity best practices, and employee training to enhance data security.
- Software suppliers should assist in navigating future compliance changes and adapting to evolving regulatory landscapes, such as those related to analytics and artificial intelligence.
- Choosing purpose-built software for social impact organizations can support compliance efforts and keep pace with evolving industry standards.
- Blackbaud highlights key areas of focus for compliance, including data privacy, cybersecurity, payments security, accessibility, and intelligence for good.
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Bloomberg Quint
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8th Pay Commission: Lower Fitment Factor Possible If DA-Basic Pay Merger Gets Nod, Say Sources
- The 8th Pay Commission may propose a lower fitment factor if the DA-basic pay merger gets approved.
- The fitment factor determines the multiplication unit used for revising salaries and pensions of government employees.
- The staff side of NC-JCM is demanding the merger of DA with basic pay before the implementation of the 8th Pay Commission.
- If DA is merged with basic pay, the minimum base salary can rise from Rs 18,000 to Rs 27,000.
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The Robot Report
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Hyundai to buy ‘tens of thousands’ of Boston Dynamics robots
- Hyundai Motor Group plans to implement Boston Dynamics’ robot line, including its Atlas humanoid, Spot quadruped, and Stretch trailer-unloading robots.
- Hyundai will purchase ‘tens of thousands’ of robots and assist Boston Dynamics in growing by integrating its manufacturing capabilities.
- Boston Dynamics and Hyundai aim to achieve leadership in the robotics industry, with a focus on humanoid robots.
- Hyundai has already started deploying Spot robots for industrial tasks and plans to use Atlas across its factories.
- Boston Dynamics collaborated with NVIDIA, Google Deepmind, Toyota Research Institute, and RAI to enhance its robots.
- Boston Dynamics released an electric version of the Atlas robot and will test it with Hyundai and other partners in 2025.
- The global market for humanoid robots is projected to exceed $38 billion by 2035, with companies like GXO, Figure AI, and Apptronik making advances.
- Hyundai’s investment in the U.S. includes driving innovation and expanding partnerships, with a significant commitment to the robotics industry.
- CEO of Boston Dynamics, Robert Playter, highlights Hyundai as their largest customer, fostering AI advancements for strategic collaborations.
- The Robotics Summit & Expo will feature insights from Boston Dynamics on humanoid development and host discussions on the state of humanoids.
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Bloomberg Quint
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326
Image Credit: Bloomberg Quint
China Hits Back At Trump Tariffs With 34% Duties On All US Goods
- China retaliates against new US tariffs by imposing a 34% tariff on all imports from the US, matching Trump's reciprocal tariffs.
- China announces export controls on rare earths, anti-dumping probe on medical CT X-ray tubes, halts imports of poultry products from two American companies, adds 11 American defense companies to an unreliable entity list, imposes export controls on 16 US firms, and halts imports of sorghum.
- The escalation of trade fight between China and the US follows Trump's announcement of reciprocal tariffs on global trade partners.
- The latest US tariffs could potentially cripple Chinese exports to the US, causing increased tensions between both countries.
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