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Bloomberg Quint
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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.
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Bloomberg Quint
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Heatwave Alert In Delhi, Haryana, Uttar Pradesh: Temperature To Rise In These States Over Next Seven Days
- The India Meteorological Department (IMD) has issued a heatwave alert for several states, warning of a gradual rise in maximum temperatures by 2-4°C over northwest and central India in the next 6-7 days
- IMD predicts heatwave-like conditions to prevail in Delhi, Haryana, Himachal Pradesh, and Punjab until April 9
- The heatwave conditions are also expected in Maharashtra, Gujarat, and Rajasthan during this period
- The IMD recorded a rise in maximum temperatures by 1-3°C in several areas of Haryana, Chandigarh, Delhi, Uttar Pradesh, Bihar, and East Madhya Pradesh
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Dynamicbusiness
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Funding roundup: The week’s top startup scores
- Aussie retail tech startup Flagship secures $3.75m seed funding
- Space solar power startup Aetherflux raises $50M in Series A funding
- SoftBank and OpenAI announce $40 billion investment
- Quantum startup IQM in talks to raise over €128m
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Bloomberg Quint
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OpenAI's GPT-4.5 Model Scores 73% In Turing Test, Appears More Human-Like Than Humans In New Study
- OpenAI's GPT-4.5 model scored 73% in the Turing Test, appearing more human-like than humans, according to a new study.
- The study, conducted by researchers at the University of California, San Diego, involved nearly 300 participants.
- The large language model was identified as human 73% of the time when instructed to adopt a persona, surpassing the expected random chance of 50%.
- The findings suggest that large language models could replace humans in short interactions without being distinguishable.
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SiliconCanals
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Birmingham’s Grid Edge raises €3.3M to help businesses navigate energy price volatility
- Birmingham-based Grid Edge has raised €3.3M in funding to develop AI-powered software for reducing carbon emissions and energy costs in commercial buildings.
- The funding round was led by Mercia Ventures, with participation from Centrica, BP Ventures, and private investors.
- Grid Edge's platform helps customers cut costs, achieve sustainability targets, and navigate price fluctuations in energy prices.
- The company plans to expand its team and increase the number of locations using the funding.
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Bloomberg Quint
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WATCH: Satya Nadella, Bill Gates And Steve Ballmer's AI Roast Session With CoPilot
- Microsoft CEO Satya Nadella was joined by his predecessors Steve Ballmer and Bill Gates for an interview with Copilot, the US tech giant's generative artificial intelligence chatbot, to celebrate the company's 50th anniversary.
- During the conversation, Copilot humorously teased the Microsoft leaders, questioning their perspective, thoughtful gazes, and deep passion for AI.
- In response, Steve Ballmer quipped that if the AI can't handle his intensity, it can't handle the world.
- The chatbot also asked Bill Gates about his signature thoughtful gaze and questioned whether it intimidates the system.
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Bloomberg Quint
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Stock Market Highlights: Traders Lose Over Rs 3 Lakh Crore Market Cap As Benchmarks Fall On Weak Global Cues
- The NSE Nifty 50 and BSE Sensex ended sharply lower due to global trade concerns and weak US tariff policies.
- The market-cap of Nifty 50 companies declined by Rs 3.24 lakh crore to Rs 181.48 lakh crore.
- Shares of Reliance Industries, Larsen & Toubro, Infosys, Tata Steel, and Tata Consultancy Services contributed to the decline.
- Broader markets underperformed as the BSE Midcap and Smallcap indices ended 3.01% and 3.42% down, respectively.
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Bloomberg Quint
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IMD Issues Heatwave Alert For Mumbai, Thane, Palghar; Check District-Wise Weather Forecast Till Apr. 8
- IMD issues heatwave alert for Mumbai, Thane, Palghar from April 5 to April 8.
- Yellow alert issued for thunderstorms and rain in Mumbai, Thane, Palghar on April 4.
- Heatwave conditions expected to persist until April 8 with a slight drop in temperatures thereafter.
- Residents advised to take necessary precautions and stay hydrated during peak hours.
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Bloomberg Quint
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Nifty Top Gainers And Losers On April 4: From Tata Motors, Cipla To ONGC, Nestle
- Bajaj Finance Ltd., Tata Consumer Products Ltd., and HDFC Bank Ltd. were the top gainers for the day.
- Tata Steel Ltd., Hindalco Industries Ltd., and Oil & Natural Gas Corp. were the worst performers of the Nifty 50.
- The NSE Nifty 50 and BSE Sensex extended losses for the second day as anxiety about the future of global trade system prevails due to US President Donald Trump's aggressive tariff policies.
- Tata Motors' shares fell to one-month low after CLSA downgraded the auto giant from 'high conviction outperform' to 'outperform', slashing its target price from Rs 930 to Rs 765.
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Bloomberg Quint
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Retail Sector Q4 Results Preview: Rural Recovery Momentum Likely To Lead To A Strong Quarter — Nirmal Bang
- Q4 is usually a seasonally weak quarter for the retail industry.
- The mass rural categories have been recovering well for the past couple of quarters.
- V-Mart, with its main customer base in the income range of Rs 15,000-50,000, is expected to show continued momentum in numbers.
- Full-fledged recovery in volume for the mass category to pre-pandemic levels for V-Mart, Bata will take time due to competitive intensity.
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Bloomberg Quint
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Samsung Developing Four-Panel Foldable? Patent Application Shows Design, Hinges
- Samsung may be developing a gadget with three hinges connecting four folding panels that extend to create a single, long display.
- The device appears to form an incredibly large display when unfolded, while the four panels combine to create a fairly thick bar when folded.
- The inner panels fold towards each other, while the outermost panels fold on top of the inner ones utilizing two hinges.
- It is unknown whether Samsung intends to commercially launch the four-panel foldable, but it has showcased various prototypes in the past.
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Bloomberg Quint
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Dharavi Redevelopment Project Comes Alive As Construction Work Begins — NDTV Network Exclusive
- Construction work has begun on the railway land in Dharavi for the Dharavi Redevelopment Project.
- The project aims to resettle 15,000-20,000 persons and improve the lives of over a million residents of Dharavi.
- The Adani Group plans to convert Dharavi into a sprawling urban hub.
- The Maharashtra government will provide free housing to eligible residents and affordable housing to ineligible residents.
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Bloomberg Quint
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Afcons Infra Secures Raghavpur Multipurpose Project From Narmada Valley Development Authority
- Afcons Infrastructure has secured the Raghavpur Multipurpose Project from the Narmada Valley Development Authority.
- The project involves the construction of a dam and a 25-megawatt powerhouse on the Narmada River.
- Afcons Infrastructure will also set up micro-irrigation pipelines covering 17,587 hectares of farmland.
- This project will contribute to agricultural productivity and clean energy generation.
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Bloomberg Quint
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Auto And Ancillaries Q4 Results Preview: Muted Volume Trends; Margin Compression Persists — DRChoksey
- Maruti Suzuki remains DRChoksey's top pick, benefiting from rural recovery and an attractive valuation.
- Margins are expected to remain under pressure during the quarter due to rising input costs, despite partial cushioning from operating efficiencies and a better mix.
- The near-term impact of recent structural changes in India's tax regime on auto demand appears limited, reflecting the underlying income distribution challenges.
- Despite the implementation of tax changes, the revival of the entry-level segment in the auto industry is expected to be gradual.
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SiliconCanals
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Luxembourg’s Exobiosphere raises €2M to accelerate drug discovery in space; here’s why and how
- Luxembourg-based Exobiosphere has raised €2M in a seed funding round led by Expansion Ventures.
- The funds will be used to accelerate the development of Exobiosphere's Orbital High-Throughput Screener (OHTS) for drug discovery in space.
- OHTS uses space conditions to improve disease modeling and generate valuable data for AI in drug discovery.
- Exobiosphere aims to shorten R&D timelines and bring safer, more effective treatments to market through microgravity drug discovery.
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