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Bloomberg Quint
6h
31
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IT Q4 Results Preview: Revenue Growth To Remain Muted, All Eyes On Guidance
- The Indian IT sector is preparing to announce its fourth-quarter results, with Tata Consultancy Services Ltd. initiating the earnings season on April 10.
- Revenue growth for IT companies in the last quarter is expected to be modest, with a focus on guidance for the financial year 2025-26 amidst challenges like delayed discretionary spending recovery and tariff wars uncertainty.
- Analysts project a range of -1% to +0.1% revenue growth for Tier-I IT firms and 0.5% deceleration to 5% positive growth for Tier-2 firms in the fourth quarter.
- Expectations include a sequential revenue decline due to seasonal weakness, lower billing days, and demand deterioration for large IT companies in March 2025 quarter.
- Margins in the fourth quarter are anticipated to stay flat, with divergent EBIT margin performance among companies attributed to various factors like wage increases and seasonal trends.
- The IT sector outlook for fiscal 2026 might be impacted by the bearish sentiment stemming from the challenging demand environment.
- TCS is expected to see 6.4% YoY revenue growth driven by specific verticals, while Infosys may witness a sequential revenue decline of 2.3% in the fourth quarter.
- Wipro's revenue guidance for the June 2025 quarter is projected to be in the range of -0.5% to +1.5%, with a focus on sectors such as BFSI and healthcare.
- HCLTech is forecasted to experience a 0.7% revenue decline and 0.9% growth in services business in the fourth quarter, with EBIT margin anticipated at 18.2%.
- Analysts expect cautious FY26E guidance and IT services revenue growth at 2.5-4.5% year-on-year in constant currency terms for fiscal 2026.
- The industry will keenly watch new deal wins, demand outlook, and revenue trajectory amidst challenging market conditions in the IT sector.
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Bloomberg Quint
7h
335
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Trade Setup For April 2: Nifty Finds Immediate Support At 23,150
- The NSE Nifty 50 can face resistance near 23,800, while the downside is apparently limited at the 23,000 levels.
- The Bank Nifty is anticipated to test the lower range of 50,500 levels.
- A sustained breakdown below 23,000 with a daily close can lead to further selling pressure, potentially dragging the index down to 22,500 in the upcoming sessions.
- On the higher side, we could expect resistance near to 23,800 levels, while on the downside, the key support is near to 23,200.
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Global Fintech Series
7h
98
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AdvizorPro Launches TrafficIQ to Give Asset Managers Real-Time Visibility into RIA Interest
- AdvizorPro has launched TrafficIQ, a purpose-built tool that enables asset managers to convert anonymous website visitors into actionable sales leads.
- TrafficIQ captures firmographic and geographic signals from anonymous web visitors and matches them to AdvizorPro's proprietary financial advisor database.
- The tool integrates with CRM systems, allowing firms to automate lead assignment, email follow-ups, and call tasks based on real-time behavior.
- TrafficIQ is designed specifically for asset managers targeting RIAs, helping them track and prioritize high-intent visitors and improve sales and marketing performance.
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Bloomberg Quint
7h
119
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Sovereign Gold Bonds Discontinued In FY25 On Price Volatility, Global Economic Headwinds: Finance Minister
- Finance Minister Nirmala Sitharaman clarified that Sovereign Gold Bonds (SGBs) will be discontinued in FY25 due to rising borrowing costs, gold price volatility, and global economic challenges.
- SGBs, which are government-backed securities priced in grams of gold, offer a cash alternative to physical gold ownership. These bonds provide investors with a hassle-free investment in gold.
- The Indian government has issued a total of 67 tranches of SGBs, amounting to 146.96 tonnes of gold since their inception. As of March 20, the outstanding value of SGBs stood at Rs 67,322 crore for 130 tonnes of gold.
- The SGB scheme was introduced in 2015 to reduce the gold import burden on the country, providing Indian investors with a proxy and tax-efficient way to invest in gold.
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Bloomberg Quint
7h
147
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Liquidity Boost: RBI Announces Fresh OMO Purchase To Infuse Rs 80,000 Crore
- The Reserve Bank of India (RBI) has announced fresh purchase auctions of government securities to infuse Rs 80,000 crore.
- The purchase auctions will be carried out in four tranches of Rs 20,000 crore each in April.
- RBI aims to ensure orderly liquidity conditions by monitoring evolving liquidity and market conditions.
- This move follows RBI's earlier liquidity infusion measures, including OMO purchases and dollar-rupee buy/sell swap auctions.
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Medium
7h
317
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The Future of Investment: How AI and Big Data Are Transforming Venture Capital
- AI and big data are transforming venture capital by revolutionizing the investment process.
- Machine learning algorithms analyze real-time data to uncover patterns and insights.
- Big data fuels the investment engine, enhancing investor-founder relationships.
- The fusion of AI and big data redefines investment strategy and drives the next era of innovation.
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Bloomberg Quint
7h
126
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In This Economy… Vodafone Idea's Future: A Cliffhanger
- The Indian government has converted Rs 36,950 crore of Vodafone Idea's debt into equity.
- The move is seen as a government's attempt to rescue the cash-strapped telecom company.
- The conversion of debt into equity increases the government's stake in Vodafone Idea.
- The future of Vodafone Idea is uncertain, as it remains to be seen if the government's infusion will lead to a strategic investment or just a temporary lifeline.
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Bloomberg Quint
8h
267
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Stuttering, Frame Drops And Crashes: Users Report Issues With Nvidia's Latest GeForce Drivers
- Nvidia's latest 572.xx graphics driver is causing performance issues in video games.
- Users are experiencing frame rate drops, game stuttering, black screens, and game crashes after updating to the latest driver.
- Gamers with Nvidia's previous RTX40 and RTX30 GPUs are facing the most issues.
- Some game developers are recommending customers to downgrade their graphics driver for better game performance.
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Bloomberg Quint
8h
229
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India Exports 198.65 Lakh Tonne Rice Till March 25 Of FY25
- India has exported 198.65 lakh tonne of rice till March 25 of the last fiscal year.
- Out of the total exports till March 25 of the last fiscal, basmati rice shipments stood at 59.44 lakh tonne.
- In the entire 2023-24 fiscal, the country exported 163.58 lakh tonne and out of that basmati rice was 52.43 lakh tonne.
- Exports of parboiled rice stood at 90.44 lakh tonne, non-basmati white rice 33.23 lakh tonne, broken rice 7.95 lakh tonne and other varieties of rice 7.59 lakh tonne.
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Bloomberg Quint
8h
67
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Coal India Produces 781 MT In FY25; Misses Target
- Coal India Ltd. produced 781.1 million tonnes of coal in 2024-25, which is 7% less than the target for the financial year.
- The coal production in March dropped by 3.1% compared to the same period in the previous year.
- Subsidiaries of the coal behemoth, including Central Coalfields Ltd., Western Coalfields Ltd., and South Eastern Coalfields Ltd., registered a decline in production.
- Coal India set a production target of 868 million tonnes for fiscal year 2025-26.
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Bloomberg Quint
8h
102
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Windows 11 Insider Preview Update Brings Speech Recap, Improved Copilot, Other Features; Details Here
- Microsoft has released Windows 11 Insider Preview Build 22635.5160 (KB5053654) for Beta Channel users.
- The update brings new features, improvements, and fixes.
- The update introduces a new feature called Speech Recap in the Narrator, making it easier to follow spoken content.
- The update also enhances the accessibility of Copilot with new shortcuts and voice interaction capabilities.
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Bloomberg Quint
8h
222
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ESDS Software Solution Re-Files Draft Papers For Rs 600-Crore IPO
- ESDS Software Solution Ltd. has re-filed its draft red herring prospectus for an initial public offering worth Rs 600 crore.
- The IPO solely comprises a fresh issue with a face value of Re 1 per equity share and will be listed on BSE Ltd. and the National Stock Exchange of India Ltd.
- Proceeds from the issue will be used to fund the purchase and installation of cloud computing and other equipment and infrastructure for the company's data centres.
- ESDS Software Solution operates its IaaS services through four data centres in India and serves customers in various sectors.
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Eu-Startups
8h
28
Fiberdom secures €3.5 million to drive plastic-free, circular material innovations
- Fiberdom, a Finnish materials innovation company, has secured €3.5 million in funding to accelerate the development and scaling of its plastic-free material.
- The funding was raised from long-term investor Heino Group, Nordic Foodtech VC, and Holdix Oy, along with a €600k grant from Business Finland.
- Fiberdom's material is 100% plastic-free, high-performance, strong, formable, durable, lightweight, cost-effective, recyclable, and home-compostable.
- The company aims to replace non-essential plastics with scalable, circular solutions and has successfully commercialized single-use cutlery as its first application.
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Bloomberg Quint
8h
340
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Apple To Add 'AI doctor' To iPhone's Health App: Here's What You Need To Know
- Apple is planning a major boost to its health apps with an update called project Mulberry.
- The updated Health app will feature an 'AI doctor' that can provide health advice based on analyzing health data.
- The app is expected to launch with iOS 19.4 at the Worldwide Developers Conference 2025 in June.
- The new health app will utilize data from various devices to provide personalized health tips and recommendations.
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Bloomberg Quint
8h
134
Image Credit: Bloomberg Quint
Emcure Pharma Arm Ties Up With Italy’s WiQo To Sell Skin Tightening Product In India; Shares Rise
- Emcure Pharmaceuticals Ltd.'s subsidiary, Emcutix Biopharmaceuticals Ltd, has signed a partnership agreement with Italian company WiQo to sell 'PRX-PLUS,' a product used for skin tightening, in India.
- The partnership grants Emcutix rights to import, distribute, and sell WiQo's 'PRX-PLUS' in India, providing a non-invasive and pain-free alternative to traditional aesthetic treatments.
- Shares of Emcure Pharmaceuticals rose nearly 2% on the BSE following the announcement.
- The dermatology market in India is experiencing significant growth, with the market size of the dermatology segment expected to reach approximately $1.8 billion.
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