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Bloomberg Quint
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Stocks To Watch Today: Mazagon Dock, Zomato, HDFC Bank, DMart, Vedanta
- Mazagon Dock Shipbuilders Ltd., HDFC Bank Ltd., Avenue Supermarts Ltd., Vedanta Ltd., and Zomato Ltd. are the stocks to watch before going into trade on Friday.
- Mazagon Dock Shipbuilders: The Government of India plans to sell up to 1.1 crore shares or a 2.83% stake in the company through an offer for sale.
- HDFC Bank: The bank's total advances grew 5.4% year-on-year to Rs 26.4 lakh crore in the January-March quarter, while deposits increased by 15.8% to Rs 25.3 lakh crore during the fourth quarter.
- Vedanta: Aluminium production in the fourth quarter grew by 2% to 2,421 kt, while refined metal production also increased by 2% to 1,052 kt. Zinc International production saw a significant year-on-year rise of 52%.
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Bloomberg Quint
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Karnataka To Collect 5% Cess From Aggregators For Gig Workers' Welfare Schemes
- The Karnataka government has decided to establish a Gig Workers' Welfare Board to ensure the well-being of workers employed by companies like Amazon, Flipkart, Ola, Uber, and others.
- A 5% cess would be collected from the concerned companies, while the state government would provide the remaining funds required to support welfare schemes for gig workers.
- A comprehensive bill covering all aspects of gig workers' welfare will be prepared and presented before the state cabinet for approval.
- The Karnataka Labour Department has already introduced three key bills— covering workers' gratuity, cinema workers' rights, and now, gig workers' welfare.
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Bloomberg Quint
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Vedanta Business Update: Record Aluminium, Zinc Production In FY25
- Vedanta Ltd. recorded all-time high production in aluminum and zinc in FY25.
- Aluminum production increased 1% YoY with a total of 2,421 kilotonnes in the last financial year.
- Zinc India reported its highest ever annual mined metal production at 1,095 kt, with a 4% increase in the fourth quarter.
- Steel production also saw positive growth, with total saleable output up 8% compared to the previous quarter.
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Bloomberg Quint
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Food Delivery, Quick Commerce Turning Unemployed Youth Into Cheap Labour: Piyush Goyal
- Commerce and Industry Minister Piyush Goyal criticized food delivery and quick commerce platforms, referring to them as turning unemployed youth into cheap labor for the convenience of the rich.
- Goyal highlighted China's focus on long-term businesses such as battery and electric mobility, questioning India's concentration on hyper-fast logistics.
- The minister expressed his cynicism towards dessert brands using healthy prefixes as gimmicks and emphasized the need for Indian founders to be more bold and innovative.
- Goyal urged foreign investors to allow Indian founders to have respectable ownership rather than buying off all equity, which leads to all ownership outside of Indian shores.
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Pymnts
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Runway Raises $308 Million to Speed Filmmaking With AI
- Video AI firm Runway has raised $308 million in a recent funding round, valuing the company at $3 billion.
- The funding will be used to boost research into AI models and expand the creative team.
- Runway aims to accelerate the filmmaking process by employing AI software.
- Getty Images is also embracing AI technology to enhance its position in the industry.
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Massivelyop
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Star Citizen’s March report marks progress on new ships, AI tools, and overheating for ships and weapons
- Star Citizen's March progress report discusses work on new ships, AI tools, and overheating for ships and weapons.
- The AI section covers additional NPC behaviors, dynamic cover system progress, and improvements in creature behaviors.
- Core gameplay updates include ship coolant and heat management, engineering gameplay improvements, and a new weapon overheating mechanic.
- Ship art section highlights the development of new ships and progress on existing ones, including the RSI Apollo, RSI Perseus, and Pioneer colonization ship.
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Bloomberg Quint
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ED Files Chargesheet Against UAE-Based Payment Platform, Its Operators For Cyber Fraud
- The Enforcement Directorate has filed a fresh chargesheet in a case of cyber fraud against a UAE-based payment platform and its operators.
- The payment platform, known as PYYPL, engaged in cybercrimes such as investment frauds, illegal betting, and part-time job frauds.
- The ED has arrested eight individuals who were involved in the cyber-fraud operation, which defrauded hundreds of victims and amounted to approximately Rs 300 crore.
- An organised criminal syndicate, operating under various names, conspired to cheat the Indian public, launder the defrauded money through mule bank accounts, and convert it into cryptocurrency.
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Unite
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Unframe Emerges from Stealth with $50M to Transform Enterprise AI Deployment
- Unframe, a next-generation enterprise AI platform, has emerged from stealth with a $50 million funding round.
- Unframe's platform enables enterprises to deploy custom AI solutions in hours, not months.
- Unframe's Blueprint Approach provides necessary context to large language models (LLMs) for hyper-relevant outcomes.
- Unframe offers secure, fast, and flexible AI solutions, with full integration and outcome-based pricing model.
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Bloomberg Quint
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Jeweller Sahil Jain Helped Ranya Rao Dispose Of Smuggled Gold Worth Rs 40 Crore, Says DRI
- Jeweller Sahil Jain aided Ranya Rao to dispose of smuggled gold worth Rs 40 crore, says DRI.
- Sahil Jain not only facilitated the illegal transaction but also assisted Ranya in hawala money transfers linked to the smuggling operation.
- Jain was arrested and has been remanded to judicial custody until April 7.
- According to the DRI, Ranya disposed of 49.6 kg of gold and hawala money transfers amounting to approximately Rs 40.14 crore with Jain's assistance.
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Eu-Startups
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“TikTok of Travel”: Unravel raises €6.3 million to innovate travel through creator-driven content
- London-based Unravel has raised €6.3 million in Series A funding to enhance its AI capabilities and expand its team.
- Unravel is an AI-powered video commerce platform that transforms creator-driven travel content into seamless transactions.
- The platform partners with influential travel creators to curate high-quality video content to inspire travel and enable frictionless transactions.
- Unravel plans to use the investment to enhance its AI capabilities, expand its team, and scale its impact globally.
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Bloomberg Quint
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Trump Tariffs Roil US Tech Stocks, Sending Apple Down 9%; Nvidia, Amazon, Meta Plummet
- US tech stocks, including Apple, Nvidia, Amazon, and Meta, plummeted due to Trump's tariffs.
- Apple Inc. fell 8.93% to trade at $203.90, while Amazon Inc. and Meta Platforms Inc. dropped by 8.84% and 8.16% respectively.
- The announcement of new US tariffs wiped out nearly $2 trillion from the stock market.
- Investors are concerned about a broader economic slowdown and the impact of tariffs on the US and global economy.
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Bloomberg Quint
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Buy, Sell Or Hold: Persistent Systems, M&M, Nestle, Infosys, ITC, Tata Power — Ask Profit
- Persistent Systems: The current outlook is negative, with a further decline in stock price expected. It's advisable to wait for the right opportunity to invest.
- Mahindra & Mahindra: The stock's fundamentals and technical indicators appear weak. Investors are advised to follow a sell-on-rise strategy.
- Nestle India: Investors can hold the stock as it shows upside potential, targeting Rs 2,350–2,400. No new buying of the stock is recommended.
- Infosys: Investors with a longer time frame can consider holding onto their stocks. If there is a price rise, it is advisable to exit Infosys around Rs 1,560–1,590 levels.
- ITC: The investor holds a neutral stance on the stock. Britannia Industries is currently gaining momentum among other FMCG stocks.
- Tata Power: The analyst maintains a bullish outlook on the stock and suggests buying on dips.
- Sagility India: Investors can hold the stock but should not expect significant upside at current levels. Some upside potential may be realized with a longer holding period.
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Bloomberg Quint
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Your Guide To FII Positions For April 4 Trade
- Foreign portfolio investors (FPIs) were sellers of index futures and options and stock futures and options.
- FPIs offloaded equities worth Rs 2,806 crore, while domestic institutional investors bought equities worth Rs 221.5 crore.
- FII open interest in Nifty futures increased and the long-short ratio for foreign investors rose to 1.48.
- The most active open interest was observed at 23,000 call strikes and 25,400 put strikes for the Nifty 50 April 9 expiry series.
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Bloomberg Quint
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HDFC Bank Q4 Updates: Deposits Rise 14%; Gross Advances Up 5.4%
- HDFC Bank's total advances grew 5.4% YoY to Rs 26.4 lakh crore in Q4 2025.
- Deposits increased by 15.8% to Rs 25.3 lakh crore YoY in Q4 2025.
- In Q4 2025, HDFC Bank's current account-savings account deposits rose 5.7% to Rs 8.3 lakh crore.
- Retail loans increased by 9% YoY, while commercial and rural banking loans increased by 12.8% in Q4 2025.
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Bloomberg Quint
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Mazagon Dock OFS: Government To Sell Up To 4.83% Stake
- The Indian government plans to sell up to 4.83% stake in Mazagon Dock Shipbuilders Ltd. through an offer for sale (OFS). The floor price for the stake sale has been set at Rs 2,525 per share.
- The share sale will be conducted on Friday for non-retail investors and on Monday, April 7 for retail investors, employees, and non-retail investors carrying forward unallotted bids.
- The base offer includes the sale of up to 1.14 crore shares, representing 2.83% of the company's total equity. Additionally, the government may offload 80.67 lakh more shares, or 2% stake, through an oversubscription option.
- The floor price for the sale is set at Rs 2,525 per share, offering a discount of nearly 8% compared to the current market price.
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