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Bloomberg Quint
2h
9
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Forex Reserves Strong At $658.8 Billion, Adequate For 11 Months Of Imports: Nirmala Sitharaman
- India's foreign exchange reserves stand at $658.8 billion, covering 11 months of imports, making it the fourth-largest holder globally.
- Finance Minister Nirmala Sitharaman addressed concerns on the reserves' slight decline and emphasized India's significant foreign exchange holdings.
- Minister of State for Finance Pankaj Chaudhary highlighted that Indian markets attracted foreign investors despite initial withdrawals.
- Chaudhary noted a decreasing trend in the current account deficit over the last two years, showcasing efforts to boost exports.
- The Indian rupee witnessed depreciation against the US dollar amidst global uncertainties, with varied factors influencing the exchange rate.
- Since October 2024, the rupee depreciated by 2.2% against the USD, the least among major Asian currencies.
- Foreign portfolio investment outflows and movements in the Dollar Index were cited as contributors to the rupee's depreciation.
- Indian economy's stable fundamentals were highlighted amidst currency fluctuations and depreciations of other currencies.
- Minister Sitharaman emphasized the impact of domestic and global factors on the rupee's exchange rate against the US Dollar.
- Overall, Indian economy's resilience and financial market strength were underscored by the ministers amid ongoing global economic changes.
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Bloomberg Quint
2h
105
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Chinese Envoy Xu Wei Calls For Improving Bilateral Ties With India
- Chinese envoy Xu Wei calls for improving bilateral ties between China and India.
- He highlighted Rabindranath Tagore's initiatives in bringing both countries culturally closer.
- Emphasizing the potential and scope, he expressed optimism in further enhancing the bilateral relations.
- The program was organized by 'Cheena Bhavan' at Visva-Bharati, which promotes India-China cultural studies.
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Bloomberg Quint
2h
247
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India Energy Storage Alliance Names Debmalya Sen As President
- India Energy Storage Alliance has appointed Debmalya Sen as its president.
- Debmalya will oversee IESA's strategic initiatives, industry partnerships, and advocacy efforts to expand the deployment of energy storage solutions across India.
- He has previously worked with the Ministry of New and Renewable Energy and Solar Energy Corporation of India in shaping India's energy storage policies.
- Founded in 2012, IESA aims to make India a global hub for research and development, manufacturing, and adoption of advanced energy storage, e-mobility, and green hydrogen technologies.
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Bloomberg Quint
2h
145
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Trump’s Tariffs To Take Immediate Effect, White House Says
- President Donald Trump’s sweeping tariffs will take immediate effect after they are announced
- Trump plans to roll out tariffs on global trading partners during an event in the White House Rose Garden
- White House Press Secretary Karoline Leavitt confirmed the immediate effectiveness of the tariffs
- Trump is open to negotiating lower rates and has been contacted by many nations about his plans
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Bloomberg Quint
2h
16
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Child Adoptions Reach Decade-High With 4,515 Cases In FY25, Says CARA
- A total of 4,515 child adoptions were recorded in 2024-25, marking the highest figure in over a decade, according to data from the Central Adoption Resource Authority.
- Despite this progress, official data reveals that 35,549 prospective adoptive parents remain registered with CARA.
- The increase in adoptions has been credited to several enhanced measures, including an intensive identification drive that added 8,598 children to the adoption pool, as stated by the Ministry of Women and Child Development.
- CARA established 245 new adoption agencies to streamline the adoption process and provide a structured support system for prospective adoptive parents.
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Bloomberg Quint
2h
225
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Microfinance Loan Disbursals Drop 41.7% To 1.19 Crore In December Quarter, Says Crif Report
- The number of microfinance loans disbursed by lenders declined by 41.7% to 1.19 crore in the December quarter, according to a report by credit information company Crif High Mark.
- The total amount disbursed to borrowers from poor and marginalised communities decreased by 34.9% to Rs 63,440 crore, compared to Rs 97,400 crore during the same period last year.
- Loans overdue for 31 to 180 days surged to 6.4% of the portfolio by the end of December 2024, up from 2% a year earlier, the report noted.
- The overall portfolio shrank by 4% year-on-year and 5.4% quarter-on-quarter, settling at Rs 3.91 lakh crore. This decline was attributed to industry adjustments, including stricter regulatory guidelines, risk realignment, and changes in underwriting and collection strategies.
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Bloomberg Quint
2h
66
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JSW Energy Surpasses FY25 Target With 10.9 GW Installed Capacity
- JSW Energy announced that its installed generation capacity has reached 10.9 gigawatts, exceeding the company's FY25 target of 10 GW.
- The company added a total of 3.6 GW to its generation capacity in fiscal 2025.
- In the fourth quarter of fiscal 2025 alone, JSW Energy added 2.8 GW of operational capacity.
- JSW Energy aims to achieve 20 GW of installed capacity before 2030.
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Bloomberg Quint
2h
208
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India Records Historic 25 GW Renewable Energy Addition In FY25
- India achieved its highest-ever renewable energy capacity addition of 25 gigawatts in fiscal 2025, marking a 35% increase compared to the previous fiscal year.
- India's total non-fossil fuel-based capacity stood at 214.677 GW as of Feb. 28, 2025.
- India crossed the 100 GW solar capacity milestone in fiscal 2025.
- The blending obligation of bio-CNG with compressed natural gas begins at 1% on April 1, 2025, aiming to increase it to 5% by fiscal 2029.
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Bloomberg Quint
2h
182
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India Sees Surge In Power Demand, Consumption Up Nearly 7% In March
- India's electricity consumption surged by nearly 7% to 148.48 billion units in March, driven by rising temperatures.
- The peak power demand increased to 235.22 gigawatts last month, up from 221.68 GW in March 2024.
- Experts anticipate further increases in power demand and consumption from April onwards, due to expected above-average temperatures.
- India should prepare for a 9 to 10% growth in peak electricity demand this summer, given the anticipated increase in heatwave days.
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Bloomberg Quint
2h
325
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BMC Collects Record Property Tax Of Rs 6,198 Crore In FY25
- The Brihanmumbai Municipal Corporation (BMC) collected a record-high property tax of Rs 6,198 crore in FY25.
- BMC achieved 99.97% of its target of Rs 6,200 crore for property tax collection.
- The G South ward contributed the highest amount at Rs 624.50 crore, followed by K East and K West wards.
- An additional Rs 178.39 crore was collected in the form of fines.
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The Robot Report
3h
33
Top 10 robotics developments of March 2025
- Intuitive Surgical remains the leading surgical robotics provider.
- China plans to invest $137B in robotics and high-tech industries.
- Figure AI unveils BotQ high-volume humanoid manufacturing facility.
- Dobot enters the humanoid robot race with Atom.
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Bloomberg Quint
3h
328
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India's Defence Exports Surge To Record Rs 23,622 Crore In 2024-25
- India's defence exports have surged to a record high of Rs 23,622 crore in the FY 2024-25.
- This marks a 12.04% increase compared to the previous fiscal year when defence exports stood at Rs 21,083 crore.
- Defence Minister Rajnath Singh stated that India is on track to achieve its target of Rs 50,000 crore in defence exports by 2029.
- The Defence Public Sector Undertakings (DPSUs) have shown a significant increase of 42.85% in their exports in 2024-25.
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Bloomberg Quint
3h
201
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RBI Says 98.21% Of Rs 2,000 Notes Returned
- The Reserve Bank announced on Tuesday that 98.21% of the Rs 2000 banknotes have been returned to the banking system, and only Rs 6,366 crore worth of such notes are still with the public.
- The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, has declined to Rs 6,366 crore at the close of business on March 31, 2025, RBI said.
- The facility for deposit and/or exchange of the Rs 2000 banknotes was available at all bank branches till Oct. 7, 2023. However, this facility is still available at the 19 issue offices of the Reserve Bank.
- Since Oct. 9, 2023, RBI issue offices are also accepting Rs 2000 banknotes from individuals and entities for deposit into their bank accounts.
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Medium
3h
120
AI-Powered Growth Hacking: How Startups Use AI to Scale Rapidly
- Lemonade, an AI-driven insurance startup, implemented AI-powered chatbots to handle customer inquiries, onboard new users, and process claims efficiently.
- Drift, a SaaS company, deployed AI chatbots for real-time lead qualification, reducing response time and improving customer engagement.
- Persado, a Martech company, used AI to analyze audience sentiment and optimize email subject lines, ad copy, and landing pages, resulting in a 41% increase in conversion rates.
- AI-powered growth hacking is transforming how startups scale, reducing costs while increasing efficiency.
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Bloomberg Quint
4h
67
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Swiggy Gets Rs 158-Crore Assessment Order From Income Tax Department
- Swiggy Ltd. has received a Rs 158.25 crore assessment order from the Income Tax Department.
- The tax evasion allegations pertain to cancellation charges paid to merchants and interest income on income tax refund.
- Swiggy believes it has strong arguments against the order and is taking necessary steps to protect its interests.
- Shares of Swiggy closed marginally higher, and analysts have mixed ratings on the stock.
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