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Bloomberg Quint
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India, EU To Hold Next Round Of FTA Talks From May 12
- India and the European Union have decided to accelerate efforts to advance the negotiations for the proposed free trade agreement or FTA, with the next round scheduled to begin on May 12.
- The remarks assume significance as the two are exploring the option of negotiating their free trade agreement in phases amidst an uncertain global trade environment.
- India has followed the practice of negotiating such trade pacts in two phases with Australia.
- The two sides are aiming to conclude the negotiations by the end of this year.
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Bloomberg Quint
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CCI Reviewing Stakeholders' Comments On Draft Norms On Cost Of Production
- The Competition Commission of India is reviewing stakeholders' comments on the proposed regulations for the determination of cost of production.
- The draft rules were released in February as part of efforts to update the framework for assessing predatory pricing.
- The review aims to align the regulations with modern economic theories, judicial interpretations, and international competition law practices.
- The CCI remains active in scrutinizing combinations to ensure they do not impede market competition.
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Futurefundraisingnow
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10 things fundraisers should be doing NOW
- Do Not Cut Acquisition or Retention Spending. Chances are, someone in your organization will want to make these cuts! It looks painless. But it will strangle your future — both the immediate and long-term. You may never recover from these cuts.
- Patch the Leaky Bucket. Improving donor retention is the smartest and lowest-cost way to improve revenue.
- Reevaluate and Reassert Your Case for Support. What makes your mission important — now more than ever? Donors want to make a difference, and they want to do relevant and timely things. Make sure your fundraising motivates them now.
- Cut Costs with a Scalpel, Not an Axe. If you must cut, cut things that don’t grow revenue.
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Bloomberg Quint
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105
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Sovereign Gold Bond: RBI's Premature Redemption For 2017 Series 3 Offers 212% Return For Investors
- Investors holding Series III of the Sovereign Gold Bond issued on October 16, 2017, can prematurely redeem their SGBs on April 16, according to the RBI circular.
- The redemption price for this series has been fixed at Rs 9,221 per unit of gold bonds, resulting in a 212% gain over the bond issue price.
- The premature withdrawal option is available as per the terms outlined in the RBI notification issued on Oct. 6, 2017, allowing investors to access liquidity before the bonds reach their full maturity.
- The Sovereign Gold Bond Scheme allows for the premature redemption of gold bonds after the fifth year from the date of issue, providing investors an opportunity to benefit from favorable market conditions or address urgent financial requirements.
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Bloomberg Quint
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251
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Centre, Swiggy Sign Pact To Support Gig And Logistics Sector; Aim To Create Over 12 Lakh Job Opportunities
- The Ministry of Labour and Employment and Swiggy signed an MoU to improve employment opportunities in the gig and logistics sector.
- The MoU aims to create over 12 lakh job opportunities in 2-3 years by enhancing gig and logistics employment opportunities on the National Career Service (NCS) portal.
- Swiggy will post verified gig and delivery job opportunities on the NCS portal for hiring.
- The collaboration will focus on inclusive hiring and promoting more job opportunities for youth, women, and employees seeking flexible work.
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Bloomberg Quint
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259
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Competition Commission Okays Merger Between Aster DM Healthcare And Quality Care India
- The Competition Commission of India has approved the merger between Aster DM Healthcare Ltd. and Quality Care India Ltd.
- After the merger, Aster will be renamed Aster DM Quality Care Ltd.
- Aster will purchase a 5% stake in Quality Care from BCP Asia II TopCo IV and Centella Mauritius Holdings prior to the merger.
- Centella will have less than a 10% non-controlling stake in the merged entity.
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Bloomberg Quint
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53
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NDTV Profit Pulse On April 15 — Top 8 Stories At 8 P.M. Under 8 Minutes
- India's retail inflation slipped to the lowest since August 2019, led by lower vegetable prices.
- India’s trade deficit expanded to $21.54 billion in March, with merchandise exports almost flat on a year-on-year basis.
- The India Meteorological Department forecasted above-normal cumulative rainfall for the monsoon season.
- US equity markets rose for a third straight session, while Indian benchmark indices continued their upward trajectory.
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Bloomberg Quint
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377
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ICICI Lombard Declares Rs 7 Per Share Final Dividend For FY25
- ICICI Lombard General Insurance Co.'s board has approved a final dividend of Rs 7 per share for the financial year ending March 2025.
- The net profit of ICICI Lombard for the quarter ended March 31, 2025, declined by 1.9% on a year-on-year basis.
- The net premium earned during the quarter increased by 19.6% to Rs 5,226 crore.
- Shares of ICICI Lombard closed 6.05% higher at Rs 1,822.60 apiece on the National Stock Exchange.
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Bloomberg Quint
4d
387
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SEBI Plans Tweaks In Mutual Fund Classifications And Easing Business Restrictions On AMCs
- The Securities and Exchange Board of India (SEBI) plans to make tweaks in the mutual fund classification mechanism.
- SEBI is also looking to ease the restrictions in regulation 24(b) of SEBI's Mutual Fund Regulations.
- The market regulator is considering adopting a conducive regulatory approach for collaboration with the industry.
- SEBI recently introduced financial inclusion reforms, including Choti SIP and Tarun Yojana.
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Bloomberg Quint
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97
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IndusInd Bank Will Take Rs 1,979-Crore Hit Due To Derivative Gaps, Confirms External Probe
- IndusInd Bank will take a hit of Rs 1,979 crore due to discrepancies in its derivative portfolio.
- The impact is equivalent to 2.27% of the bank's net worth as of December 2024.
- The external probe report indicated a lower impact compared to the bank's internal review.
- The bank will reflect the impact in its financial statements for FY 2024-25 and enhance internal controls for derivative accounting.
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Bloomberg Quint
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392
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Upto 88% of Indians Willing To Share Personal Data For Vehicle Features Like Anti-Theft Tracking
- 88% of Indian consumers are willing to share personal information with manufacturers for features like anti-theft tracking.
- Indian consumers prioritize product quality and safety when choosing their next vehicle, with 62% ranking it as their top priority.
- Affordability pressures in India are influencing consumer choices, with some opting for internal combustion engine models over electric vehicles.
- 72% of Indian consumers are willing to switch vehicle brands, showing a willingness to explore different options.
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Bloomberg Quint
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328
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Senior Indian Officials Expect In-Person Trade Talks With US To Start Next Month
- India and the US are set to begin in-person talks for a bilateral trade agreement next month, aiming to conclude the first phase by September-October this year.
- Negotiations have been ongoing virtually, with plans to double bilateral trade to $500 billion by 2030.
- Physical negotiations are expected to start in May, according to Additional Secretary Rajesh Agrawal.
- Commerce Secretary Sunil Barthwal highlighted the opportunities for both countries in finalizing the agreement.
- The trade pact aims to reduce or eliminate customs duties on many goods, ease trade in services, and boost investments.
- The US may seek duty concessions in industrial goods, electric vehicles, wines, petrochemicals, and more, while India may focus on sectors like textiles, gems, and horticulture.
- India's main exports to the US in 2024 included drug formulations, telecom instruments, and precious stones, while imports consisted of crude oil, petroleum products, and diamonds.
- The US is India's largest trading partner (2021-22 to 2023-24), accounting for a significant portion of India's exports and imports.
- In 2023-24, India had a trade surplus of $35.32 billion with the US in goods.
- The potential trade pact is expected to address tariff and non-tariff barriers to facilitate higher trade growth.
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Bloomberg Quint
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309
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Made In China Products Still In Good Demand In India, Finds Survey
- Indians continued to buy Chinese products, with 62% of consumers purchasing one or more 'Made in China' items in the last 12 months.
- Gadgets and electronic and mobile accessories are the top categories for Indian consumers buying Chinese products.
- Around 20% of respondents have Chinese apps on their phones, despite the Indian government banning many Chinese apps.
- The survey indicates that if the US-China tariff tussle continues and India experiences an influx of Chinese goods, some consumers are likely to buy them.
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Pymnts
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South Africa’s Stitch Raises $55 Million to Expand Enterprise Payments Infrastructure
- South Africa-based payments infrastructure company Stitch has raised $55 million in a Series B funding round.
- The funding will be used to expand its in-person and online payments offerings, and move into the acquiring space.
- Stitch provides payments solutions for enterprise businesses in South Africa, including multi-line retailers, telcos, and omnichannel businesses.
- The funding round was led by QED Investors, bringing the total funding raised by Stitch to $107 million.
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Bloomberg Quint
4d
60
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ICICI Lombard Q4 Results: Profit Declines Nearly 2% To Rs 510 Crore
- ICICI Lombard General Insurance Co.'s net profit fell by nearly 2% on a year-on-year basis in the January–March quarter.
- The insurer posted a net profit of Rs 510 crore in the quarter ended March 31, 2025, down 1.9% as compared to Rs 520 crore in the year-ago period.
- The net premium earned during the quarter under review climbed 19.6% to Rs 5,226 crore, compared to Rs 4,368 crore in the corresponding quarter of the previous fiscal.
- The gross premium has risen by 10.2% to Rs 6,903.9 crore, as compared to Rs 6,263.1 crore in the year-ago period.
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