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Bloomberg Quint
17h
150
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Traders' Lobby CAIT Calls For Boycott Of Turkiye, Azerbaijan Over 'Support' To Pakistan
- Traders' lobby Confederation of All India Traders calls for a boycott of Turkiye and Azerbaijan over their recent 'support' for Pakistan post Operation Sindoor.
- The boycott decision includes halting imports of Turkish and Azerbaijani goods across India and discouraging business delegations from engaging with companies from these countries.
- A memorandum will be submitted to Indian ministries for a policy-level review of commercial ties with Turkiye and Azerbaijan, along with a boycott of Indian films shot in these countries.
- The decision to boycott comes after Turkey and Azerbaijan openly supported Pakistan, viewed as a betrayal by the Indian trading community amidst a sensitive national security situation.
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Bloomberg Quint
17h
290
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BTA Talks: India, US Trade Ministers To Assess Progress From May 17
- India and the US will commence ministerial-level meetings in Washington from May 17 to assess the progress of negotiations for the proposed bilateral trade agreement.
- Commerce and Industry Minister Piyush Goyal will hold political-level discussions with US counterparts to provide guidance and deepen economic ties.
- The main issues in the negotiations include market access, rules of origin, non-tariff barriers, and India's proposal for retaliatory duty on certain US products.
- Both countries aim to finalize the first phase of the trade agreement by fall, with discussions on duty concessions for various sectors to boost bilateral trade.
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Bloomberg Quint
17h
155
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Delhivery Reports First Yearly Profit, Q4 Bottom Line Beats Estimates
- Delhivery Ltd. reported its first profit in a financial year with a net profit of Rs 72.6 crore in the January-March quarter, beating estimates.
- The company's profit for the whole fiscal year stood at Rs 162 crore compared to a loss of Rs 249 crore in the previous fiscal year.
- Delhivery's March quarter revenue increased by 5.6% to Rs 2,192 crore, meeting the estimated figure.
- Express Parcel shipment volumes and revenue rose, and the company foresees continued momentum in profitability as growth picks up in the next fiscal year.
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Bloomberg Quint
17h
308
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HPE Launches Advanced Private Cloud Portfolio For Hybrid IT Modernisation
- Hewlett Packard Enterprise has announced an advanced private cloud portfolio to transform how enterprises modernise hybrid IT.
- Private Cloud Business Edition is now available with HPE Morpheus VM Essentials, reducing virtual machine license costs with multi-hypervisor support.
- The new Morpheus Enterprise Software unifies cloud management for larger enterprises and service providers, automating application provisioning for faster deployment and lower cloud costs.
- Morpheus Enterprise and VM Essentials are hardware-agnostic, standalone software and newly validated to run on various servers including Dell PowerEdge and NetApp AFF arrays.
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Bloomberg Quint
17h
80
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Singtel Sells 1.2% Stake In Bharti Airtel For SGD 2 Billion, Retains 28.3% Holding
- Singtel has sold about 1.2% of its direct stake in Bharti Airtel for SGD 2 billion and retains a 28.3% holding in the company.
- The transaction was executed through a private placement to international and Indian institutional investors, including existing shareholders of Airtel.
- Singtel has been a long-term strategic investor in Airtel for over two decades and is working to equalize its effective stake in Airtel in the medium term.
- In 2022 and 2024, Singtel raised about SGD 3.5 billion from the progressive sale of Airtel shares to support its 5G deployment, digital infrastructure expansion, and sustainable shareholder distributions.
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Bloomberg Quint
17h
231
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Central Railway Saves Rs 170.7 Crore With Energy-Efficient HOG Technology
- Central Railways saved Rs 170.7 crore in the last financial year due to energy-efficient Head-On Generation operation.
- The technology brought the highest saving of Rs 136.16 crore in the Mumbai division, followed by Rs 22.31 crore in Pune, Rs 6.96 crore in Nagpur, Rs 3.68 crore in Solapur, and Rs 1.59 crore in Bhusawal.
- HOG technology draws power directly from overhead electric lines by the locomotive, reducing diesel consumption and harmful emissions.
- The transition to HOG results in quieter, cleaner, and more efficient train operations, contributing to cost efficiency and environmental goals.
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13 Likes
Massivelyop
17h
84
Star Citizen’s new cash shop offerings provoked fresh pay-to-win and predatory monetization accusations
- Star Citizen's Invictus Launch Week free-fly event has sparked controversy with the introduction of questionable items to the game's cash shop.
- Blades, ship components, and other items are being sold for real-world money, leading to accusations of pay-to-win and predatory monetization practices.
- Players are expressing anger and concern over these new cash shop offerings, with many criticizing the move as a breach of promises and potentially harmful to the game's integrity.
- Star Citizen, originally Kickstarted in 2012, remains in an incomplete alpha state despite raising over $800M from crowdfunding. The game continues to face scrutiny and controversy over its development and monetization strategies.
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5 Likes
Alleywatch
17h
220
Inductive Bio Secures $25M Series A to Transform Drug Discovery with its Collaborative AI Platform
- Inductive Bio has raised $25M in Series A funding led by Obvious Ventures with participation from various investors to transform drug discovery with its collaborative AI platform.
- The company's AI platform accelerates compound optimization by predicting how molecules will behave in the human body before synthesis, reducing time and costs in drug development.
- Inductive Bio's pre-competitive data consortium allows multiple pharmaceutical companies to share anonymized data, enhancing AI models' learning process.
- The platform helps chemists design molecules efficiently, predicting critical ADMET properties for drug effectiveness in the human body.
- Founded by Josh Haimson and Ben Birnbaum, Inductive Bio aims to address challenges in the drug development process by using AI to expedite molecule selection.
- The company's collaborative approach, similar to Waze for drug discovery, ensures shared data from multiple companies to enhance navigation in developing therapeutics.
- Inductive Bio targets biotech and pharmaceutical companies working on small-molecule drugs across various disease areas, focusing on improving efficiency in drug development.
- The company generates revenue through software licensing and scientific collaborations, offering partners access to its AI platform for designing better drugs faster.
- Inductive Bio's technology reduces risk in drug development, making it appealing for companies looking to develop drugs more efficiently, especially in uncertain economic times.
- The company's future plans include team expansion, enhancing AI capabilities, and growing the consortium to provide more powerful predictions for partners.
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13 Likes
Bloomberg Quint
18h
339
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Bharti Airtel's Increased Weightage In FTSE Index To Bring $65-Million Inflow
- Bharti Airtel's increased weightage in the FTSE All-World Index from 44.17% to 45.01% will bring in an inflow of $65 million.
- The telecom giant Bharti Airtel reported a 25% sequential drop in consolidated net profit in the fourth quarter of financial year 2025, with a net profit of Rs 11,022 crore.
- Despite the profit decline, Bharti Airtel's stock closed 2.85% lower at Rs 1,814 apiece on the BSE, with analysts projecting a 9% potential upside based on a 12-month consensus target price of Rs 1,982.
- Out of the 33 analysts tracking the company, 27 recommend a 'buy' rating on the stock, while four suggest 'hold' and two recommend 'sell', according to Bloomberg data.
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Bloomberg Quint
18h
173
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SEBI Extends Timeline For Implementing Framework On Issuance Of Offshore Derivatives By FPIs
- SEBI has extended the implementation timeline for tightening rules for offshore derivative instruments by foreign portfolio investors to Nov. 17. The new regulations require additional disclosures from ODI subscribers and FPIs with segregated portfolios.
- The circular prohibits FPIs from issuing ODIs with derivatives as the underlying or using derivatives to hedge their ODIs in India. FPIs cannot hedge ODIs with derivatives on Indian stock exchanges and must only reference securities.
- SEBI mandates separate registration for ODIs, requiring FPIs issuing ODIs to have a dedicated registration with the suffix “ODI” under the same PAN. ODI subscribers must disclose ownership information based on specified criteria.
- Certain entities like government-related investors, PRFs, and ETFs with less than 50% exposure to Indian equity markets are exempt from the ownership disclosure requirements for ODIs.
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10 Likes
Bloomberg Quint
18h
103
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Meta Ray-Ban Smart Glasses To Offer Detailed Responses; sEMG Wristbands To Improve Accessibility
- Meta is introducing the ability to customize Meta AI to provide detailed responses on Ray-Ban Meta glasses, particularly beneficial for people with disabilities.
- The new feature enables Meta AI to offer more descriptive responses when users ask about their environment while using Ray-Ban Meta smart glasses.
- Meta will roll out the detailed response feature in the US and Canada initially, with plans to expand to other markets in the future.
- Additionally, Meta is developing sEMG wristbands at scale to aid human-computer interactions for individuals with physical challenges, like hand paralysis or tremor.
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Npengage
18h
36
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Statement of Financial Position: A Look at the “Balance Sheet” for Nonprofits
- A Statement of Financial Position, commonly known as a balance sheet in the for-profit industry, offers a consolidated view of assets and liabilities for nonprofits.
- It includes categories like assets, liabilities, and net assets.
- Assets in a Statement of Financial Position encompass current assets (like cash, investments, and inventory) and noncurrent assets (like property and long-term investments).
- Liabilities in this statement cover current liabilities (e.g., accounts payable, short-term debt) and noncurrent liabilities (e.g., long-term debt, pension liabilities).
- Net assets are calculated as assets minus liabilities, reflecting the financial standing of the organization.
- Nonprofits differentiate between restricted and unrestricted funds in their net assets to ensure correct allocation and usage for specific causes.
- The terms 'equity' for-profit companies and 'net assets' for nonprofits reflect the ownership distinction in financial balances.
- Nonprofit Statements of Financial Position aid in transparency, financial health assessment, compliance, planning, decision-making, and fund management.
- These statements are crucial tools for board oversight, stakeholder communication, budget allocation, and strategic resource planning.
- Blackbaud Financial Edge NXT® provides relevant templates for nonprofit financial reporting, simplifying statement creation and management.
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2 Likes
Bloomberg Quint
18h
181
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India's Forex Reserves Rise To $690 Billion With Major Addition In Gold Holdings
- India's foreign exchange reserves increased to $690.61 billion, primarily due to a rise in gold holdings.
- Foreign currency assets reached $581 billion, marking a significant component of the reserves.
- The country's forex reserves are the fourth largest globally, following China, Japan, and Switzerland.
- Gold reserves saw a notable increase of $4.5 billion, reaching $86.3 billion during the week.
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10 Likes
Massivelyop
18h
310
The Daily Grind: Is there an MMO developer you think is unfairly maligned?
- Former MMO developer John Smedley, known for his tenure at SOE and Daybreak, has faced criticism for past decisions and comments.
- Despite the controversies, Smedley's contributions to the MMO industry, such as keeping games online and navigating company transitions, are acknowledged.
- The author believes that the negative perception of Smedley is outdated and unjust, emphasizing his dedication to the genre.
- The article concludes by questioning if there are other MMO developers who are also unfairly criticized.
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18 Likes
Bloomberg Quint
18h
73
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Hyundai To Launch A Hybrid Car In India Amid EV Onslaught
- Hyundai is set to launch a hybrid car in India amidst competition from electric vehicles by Tata Motors and Mahindra.
- During a recent post-earnings call, Hyundai confirmed the introduction of a strong hybrid car in the Indian market, expanding its powertrain options.
- The hybrid car launch is part of Hyundai's strategy, which includes a multi-powertrain approach encompassing petrol, diesel, CNG, EVs, and hybrids.
- Hyundai plans to unveil this hybrid car before the decade ends, along with 26 new and refreshed cars scheduled for launch by 2029-30, with at least one car introduced every quarter.
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