A naukri.com initiative
Funding News
Bloomberg Quint
2w
387
Image Credit: Bloomberg Quint
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.
Read Full Article
23 Likes
Guardian
2w
74
Image Credit: Guardian
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.
Read Full Article
4 Likes
Bloomberg Quint
2w
417
Image Credit: Bloomberg Quint
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.
Read Full Article
25 Likes
Bloomberg Quint
2w
139
Image Credit: Bloomberg Quint
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.
Read Full Article
8 Likes
Bloomberg Quint
2w
126
Image Credit: Bloomberg Quint
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.
Read Full Article
7 Likes
Bloomberg Quint
2w
325
Image Credit: Bloomberg Quint
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.
Read Full Article
12 Likes
Bloomberg Quint
2w
269
Image Credit: Bloomberg Quint
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.
Read Full Article
16 Likes
Npengage
2w
69
Image Credit: Npengage
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.
Read Full Article
4 Likes
Bloomberg Quint
2w
222
Image Credit: Bloomberg Quint
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.
Read Full Article
13 Likes
The Robot Report
2w
113
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.
Read Full Article
6 Likes
Bloomberg Quint
2w
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.
Read Full Article
19 Likes
Bloomberg Quint
2w
34
Image Credit: Bloomberg Quint
Improving Ties In Interest Of Both Countries, China's Ruling Party Tells CPI(M)
- The Communist Party of China has extended wishes for the 24th party congress of CPI(M), stating that improving India-China ties serves the common interest of both countries and the region.
- 34 Left parties from across the world, including the parties from North Korea, Vietnam, Cuba, Australia, Belgium, and others, have also wished success to the CPI(M) congress.
- CPC expressed its readiness to strengthen exchanges and strategic communication with the CPI(M) and other Indian political parties to promote continued progress of China-India relations and peace and stability in the region.
- CPI(M) Interim Coordinator, Prakash Karat, has advocated improving relations with China to enhance India's position in a multipolar world and balance the challenges posed by Donald Trump's presidency.
Read Full Article
2 Likes
Bloomberg Quint
2w
239
Image Credit: Bloomberg Quint
Second Fintech SRO Formally Launches Bid For RBI Approval
- The India Fintech Foundation has launched a formal bid to be recognized as a self-regulatory organization.
- If approved, it will be the second SRO after the Fintech Association for Consumer Empowerment to receive recognition from the RBI.
- The IFF is founded by members of Fintech Convergence Council, including industry leaders and former RBI personnel.
- The RBI has emphasized the need for self-regulation in the fintech sector similar to the microfinance industry.
Read Full Article
14 Likes
Bloomberg Quint
2w
178
Image Credit: Bloomberg Quint
Strides Pharma Recalls Over 4.4 Lakh Cartons Of Testosterone Gel In US Market
- Strides Pharma, Inc is recalling over 4.4 lakh cartons of Testosterone Gel in the US market due to the presence of a foreign substance, according to the US Food and Drug Administration.
- The Chestnut Ridge-based drugmaker, a part of Bengaluru-based Strides Pharma Science, is recalling the affected lot due to the 'Presence of Benzene', USFDA said.
- The company initiated the Class II recall on March 5 this year.
- A Class II recall means that the use of or exposure to the product may cause temporary or medically reversible adverse health consequences, or the probability of serious adverse health consequences is remote.
Read Full Article
10 Likes
Bloomberg Quint
2w
82
Image Credit: Bloomberg Quint
Foreign Firms Drive 62% Of Office Space Demand In Major Indian Cities: CBRE Report
- Foreign companies rented 111.6 lakh sq ft office space in January-March this year across nine major cities, contributing 62% to the total demand, according to CBRE.
- Real estate consultant CBRE data showed that the gross leasing of office space rose 5% to 180 lakh sqft in January-March across nine cities as against 171 lakh sqft in the year-ago period.
- Global corporates accounted for 62% of office space leasing.
- India's office sector is on a solid trajectory for sustained leasing growth, driven by strategic expansions from both domestic and global occupiers.
Read Full Article
4 Likes
For uninterrupted reading, download the app