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Funding News
Bloomberg Quint
6d
300
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Trump Tariffs: India Can Be A Winner In Fractured Global Order, Says BlackRock's Ben Powell
- India can emerge as a key winner in the shifting global economic landscape triggered by US President Donald Trump's reciprocal tariffs, according to BlackRock's Ben Powell.
- Powell described the current disruption in the world trading system as a "fascinating opportunity" for India to strengthen economic ties and elevate its global standing.
- Amid the current uncertainty, Powell struck an optimistic note on India's prospects, calling it "the growth story of the world right now".
- Powell suggested that India could be a manufacturing hub for economies seeking alternatives to China and emphasized the need for proactive government measures to incentivize manufacturing in India.
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Fintechnews
6d
285
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Top 10 Most Funded Fintech in India For 2025
- India's fintech sector remains robust despite global funding slowdown, ranking as the third-highest funded globally.
- Top Indian fintech companies in 2025, based on cumulative capital raised, are highlighted.
- Paytm ranks high with over USD $3.48 billion funding, offering a full-stack financial services ecosystem.
- PhonePe follows with USD $2.29 billion funding, excelling in the UPI ecosystem and expanding services.
- Pine Labs secures USD $1.32 billion, focusing on merchant commerce and expanding internationally.
- DMI Finance with USD $1.13 billion funding, excels in diverse financial services across platforms.
- CRED, with USD $867 million funding, targets high-credit-score individuals and offers various services.
- Razorpay raised USD $741 million, expanding into business banking services and direct-to-consumer tools.
- BharatPe with USD $604 million funding focuses on unorganised merchant segment digitization.
- Chargebee, a subscription revenue management platform, raised USD $475 million, aiding SaaS businesses.
- Digit Insurance at USD $467 million and Acko Insurance at USD $458 million mark emerging players in digital insurance.
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Bloomberg Quint
6d
253
Image Credit: Bloomberg Quint
Babasaheb Ambedkar Jayanti 2025: 10 Inspirational Quotes By The Father Of Indian Constitution
- India will mark the 135th birth anniversary of Dr. B.R. Ambedkar, known as the architect of the Indian constitution, on April 14.
- Dr. Ambedkar was a jurist, economist, and a social reformer, popularly known as Babasaheb.
- He dedicated his life to challenging social hierarchies in India and advocating for the rights of marginalized communities.
- To mark his birth anniversary, an annual public holiday is observed across India on April 14.
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Fintechreview
7d
320
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Binance Review: Inside the Crypto Exchange
- Binance is the world's largest crypto exchange by trading volume.
- It offers spot and futures markets, staking, launchpads, and education.
- Binance faced regulatory challenges but adapted with localised entities and improved compliance.
- It has its own blockchain infrastructure, BNB Chain, and remains a dominant player in the industry.
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Bloomberg Quint
7d
211
Image Credit: Bloomberg Quint
Mumbai Water Crisis: BMC To Acquire Private Tankers, Wells Under Emergency Law Amid Strike
- Mumbai's municipal authority has invoked emergency powers to acquire private water tankers, wells, and borewells across the city amid an ongoing strike by tanker drivers.
- The strike began after the BMC issued notices to ring well and borewell operators, asking them to stop supply to tankers and obtain fresh licenses from the Central Ground Water Authority.
- The strike has disrupted water supply across residential and commercial areas, forcing some offices to shut and housing complexes to run dry.
- To maintain water supply, the BMC has devised a set standard operating procedures where private housing societies register a demand at civic facility centers and pay a certain amount.
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Bloomberg Quint
7d
83
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China Says US Tariff Exemption A 'Small Step' To Undoing Mistake
- China's government considers the US decision to exempt certain consumer electronics from reciprocal tariffs as a small step towards rectifying its wrongdoings.
- The Ministry of Commerce urged the US to completely abolish the 'wrongful action' of imposing tariffs and resolve differences through equal dialogue based on mutual respect.
- President Donald Trump's latest exemptions cover $390 billion in US imports, including over $101 billion from China.
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Medium
7d
370
Image Credit: Medium
Fund Momentum — Fresh Funds Ready to Deploy #12
- Michael Schneider, a funding consultant, shares insights on the newest VC & PE funds raised in late March/early April 2025.
- A total of 26 funds are featured in this edition, with the first 10 funds listed in the newsletter.
- The full breakdown, including 16 more funds, is available for subscribers or founding members of the newsletter.
- To access the complete fund list, one can subscribe monthly or become a founding member of the newsletter.
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The Robot Report
7d
108
Boumarang buys Wavedrone to add maritime systems to drone portfolio
- Boumarang Inc. has acquired all intellectual property rights to the Wavedrone platform from Shore House IVF.
- Wavedrone is an autonomous system designed for aquatic environments, offering dual above-and-below-surface filming capabilities.
- The acquisition aligns with Boumarang's mission to lead in autonomous, sustainable solutions.
- Boumarang's integration of Wavedrone allows them to capture significant market share in aquatic applications including environmental monitoring, media and entertainment, search and rescue, and aquaculture and fisheries.
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Bloomberg Quint
7d
270
Image Credit: Bloomberg Quint
Zero-For-Zero Tariff Strategy Under Proposed India-US Trade Pact Unlikely
- A zero-for-zero tariff strategy under the proposed bilateral trade agreement between India and the US is unlikely, as the two countries are at different levels of economic development.
- India and the US have targeted to conclude the first phase of the trade pact by fall of this year, with an aim to more than double the bilateral trade to $500 billion by 2030.
- The India-US agreement will be a "package" deal, covering various issues such as goods and non-tariff barriers.
- Under the proposed trade pact, the US may seek duty concessions in sectors like industrial goods, automobiles, wines, and agriculture items; while India may look at duty cuts for sectors like apparels, textiles, and gems.
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Bloomberg Quint
7d
133
Image Credit: Bloomberg Quint
Cyber Fraud: Banks Seek Power To Freeze Accounts In Illicit-Transaction Cases
- To check cyber fraud through mule accounts, banks are seeking authority to freeze accounts involved in channelling illicit transactions without wasting precious time in seeking permission from authorities.
- Banks freeze/block accounts based on internal triggers. However, as per the Prevention of Money Laundering Act, they do not have the authority to freeze or block customer accounts without proper authorisation from a court or law enforcement agencies.
- The report represented a blueprint for curbing money mule activities, it said, adding that implementing these measures will require dedication and cooperation from financial institutions, regulators, law enforcement agencies and technology providers.
- By integrating artificial intelligence and machine learning into transaction monitoring systems, banks can address existing gaps, anticipate criminal strategies, and protect the integrity of the financial ecosystem, it suggested.
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Bloomberg Quint
7d
385
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Assam CM Meets Jeet Adani, Discusses Implementation Of Rs 50,000-Crore Investment Proposals
- Assam Chief Minister Himanta Biswa Sarma met Adani Group Director Jeet Adani to discuss the implementation of Rs 50,000-crore investment proposals.
- The state government expects the investment proposals submitted by Adani Group to become a reality soon.
- The proposals include investments in developing an aero-city, hotels, cement plant, and key infrastructure projects.
- Gautam Adani, Chairman of Adani Group, had announced the conglomerate's plan to invest Rs 50,000 crore in various sectors in Assam.
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Bloomberg Quint
7d
87
Image Credit: Bloomberg Quint
ICICI Prudential Life Q4 Results: Date, Time, Dividend News And More
- ICICI Prudential Life Insurance Company is set to release the financial statements for the quarter and year ending March 31, 2025, next week.
- ICICI Prudential Life Insurance Company will announce its Q4 and FY25 results on Apr. 15 following a meeting of its board.
- The company's Assets Under Management (AUM) as of Dec. 31, 2024, stood at Rs 3,10,414 crore.
- Shares of ICICI Prudential Life Insurance Co. have declined a percent over the past five trading sessions.
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Bloomberg Quint
7d
320
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ITR Filing: When Can You Switch Between Old And New Income Tax Regimes?
- The new financial year has started from April 1 and it is time to gather all your investment proofs for filing the income tax return for the previous financial year.
- Taxpayers need to mention their preferred tax regime while filing ITR for FY 2024-25 (AY 2025-26).
- Individuals with non-business income or salaried taxpayers can switch their tax regime every year.
- To switch tax regimes, individuals with income from business need to submit Form 10-IEA before the due date, while salaried employees can switch at the time of filing ITR.
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Bloomberg Quint
7d
1.1k
Image Credit: Bloomberg Quint
Wipro Q4 Results: Date, Time, Earnings Call Details, Share Price History And More
- Wipro is set to declare its Q4 and FY25 financial numbers on April 16 after trading hours.
- The earnings call to discuss the financial performance is scheduled for April 16.
- The trading window for dealing in the securities of the company will remain suspended till April 18.
- Wipro's Q3 results showed a subdued financial performance with marginal growth in net profit and flat revenue.
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Bloomberg Quint
7d
320
Image Credit: Bloomberg Quint
Dharavi: Affidavits Sought Only To Verify Upper-Floor Residents
- Upper-floor residential tenement holders in Dharavi are eligible for rehabilitation under a hire-purchase scheme as per a government resolution.
- Affidavits are being collected to establish the eligibility of upper-floor residents for rehabilitation outside Dharavi, in accordance with the government order.
- Upper-floor tenements in Dharavi are now eligible for rehabilitation under a hire-purchase scheme, where beneficiaries receive 300 sq ft homes outside Dharavi at a nominal cost.
- These residents must provide documents such as electricity bills, rent agreements, Aadhaar card, passport, or an affidavit certified by the eligible ground-floor resident to prove their occupancy.
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