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Bloomberg Quint
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Why Should Iran Believe Anything The US Threatens Or Promises?
- Trump has restarted negotiations between the US and adversaries, first Russia and now Iran.
- The problem is the lack of trust in the US as a credible negotiator due to Trump's behavior.
- Iran has reasons to doubt anything the US threatens or promises.
- Trump applied 'maximum pressure' on Iran through sanctions and the assassination of an Iranian commander.
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Bloomberg Quint
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Maharashtra Inks MoU With Russia's ROSATOM For Thorium-Based Small Modular Reactor
- Maharashtra signed a memorandum of understanding (MoU) with Russia's ROSATOM for the development of a small modular reactor based on thorium fuel.
- The MoU aims to jointly develop a thorium reactor, commercialize them, and establish an assembly line under the 'Make in Maharashtra' initiative.
- The Maharashtra Institution for Transformation will provide strategic support for the project, following the guidelines of the Government of India and AERB.
- A joint working group will be formed to facilitate coordination and research, involving representatives from Mahagenco, Rosatom Energy Projects, MITRA, and Global Technology Alliance.
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Bloomberg Quint
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HCLTech, Google Cloud Launch Agentic AI Solutions
- HCLTech and Google Cloud have launched a suite of Agentic AI solutions.
- These solutions leverage Google Cloud's Agentspace and agentic framework to create a unified platform for intelligent agents.
- HCLTech has released fifty agents on Google Marketplace, including HCLTech Insight for manufacturing defect analysis and HCLTech NetSight for network operation optimization.
- The collaboration aims to help enterprises adapt to market changes and customer demands, enhancing decision-making and improving customer experience.
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Bloomberg Quint
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SEBI Cautions Public Against Fraudulent Activities On Social Media Platforms
- SEBI cautions against fraudulent activities on social media platforms in the wake of growing number of frauds emerging on these platforms.
- SEBI stresses the importance of dealing only with SEBI-registered intermediaries and using authentic trading apps while investing.
- Fraudsters use platforms like YouTube, Facebook, Instagram, Twitter, WhatsApp, Telegram, Google Play Store, and Apple Store to lure investors with misleading trading calls and false promises of guaranteed returns.
- SEBI advises investors to exercise caution, verify the genuineness of SEBI registered entities' social media handles, and report details of unregistered entities or platforms offering securities-related advisory services.
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Bloomberg Quint
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Piyush Goyal Pushes For Clarity From WTO On E-commerce Tariff Moratorium
- Commerce and Industry Minister Piyush Goyal has urged the World Trade Organisation (WTO) members to clearly define the moratorium on imposing customs duties on e-commerce trade.
- India has emphasized the need to discuss the scope of the duty moratorium as it has revenue implications.
- Goyal stated that the e-commerce moratorium should be well-defined, specifying what it will cover and not cover.
- He also called for reform within the WTO, including fixing a benchmark for defining developing countries.
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Bloomberg Quint
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India Submits Bid To Host 2031 AFC Asian Cup, Faces Six-Nation Competition
- India has submitted 'Expression of Interest' to host the 2031 AFC Asian Cup.
- India will face tough competition from established football powerhouses such as Australia, South Korea, and the United Arab Emirates.
- The host country, which will be picked in 2026, will get an automatic berth in the tournament.
- Out of the seven bidding countries, Australia, UAE, South Korea, and Kuwait have previously hosted the tournament.
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TechCrunch
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Parallel Systems is building autonomous electric rail for short-distance freight
- Los Angeles-based company Parallel Systems is developing battery-powered autonomous freight technology to make rail more cost-effective for short-distance deliveries.
- The system allows train cars to autonomously attach and detach, accommodating different delivery sizes and improving safety.
- Parallel Systems has received approval from the Federal Railroad Administration to pilot the technology in Georgia.
- The company recently raised a $38 million Series B round and aims to launch commercially in 2026.
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Bloomberg Quint
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Stock Market Crash, RBI Rate Cut, Trump's Tariff Pause — The Week That Was
- Indian stock market experiences a sharp fall on Monday but rebounds later in the week following Trump's tariff pause.
- RBI reduces the benchmark lending rate by 25 basis points and revises down the real GDP growth projection for fiscal 2026.
- Trump announces a 90-day pause on tariffs for countries that have not retaliated and imposes base tariff of 10% on all imports during the period.
- Earnings season begins with Tata Consultancy Services Ltd.'s fourth-quarter results showing a decline in net profit.
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Pymnts
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International Chamber of Commerce: Businesses Delaying Critical Decisions Amid Tariff Uncertainty
- Businesses around the world are likely to put off critical decisions, such as placing orders and hiring employees, until the second half of the year to have more clarity on U.S. tariffs according to the International Chamber of Commerce.
- The uncertainty around final tariffs is causing more challenges for businesses compared to the 10% baseline tariff already in place.
- Many businesses will delay important investment decisions until the second half, when they expect more certainty.
- The implementation of tariffs is leading to various challenges for businesses, including price increases, missed opportunities, product delivery delays, and client turnover.
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Eu-Startups
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REMATIQ raises €5.4 million to transform MedTech compliance with AI
- Berlin-based company REMATIQ has raised €5.4 million in a Seed funding round for its AI-native platform for automated product compliance in MedTech.
- The funding will be used to develop REMATIQ's AI technology, expand its engineering team, and drive growth across Europe and the U.S.
- REMATIQ's platform uses AI to simplify compliance workflows in medical device development, reducing documentation efforts by up to 90%.
- The company aims to bring life-saving MedTech solutions to patients faster by helping MedTech companies reduce regulatory complexity without sacrificing quality or safety.
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Bloomberg Quint
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NDTV Profit Pulse On April 11 — Top 9 Stories At 9 P.M. Under 9 Minutes
- Jefferies has issued an 'overweight' call on India amidst global uncertainties, explaining India's potential to outperform other emerging markets.
- India's industrial production growth slowed to a seven-month low of 2.9% in February, as per Ministry of Statistics and Programme Implementation data.
- There are indications of a possible early rollout of the India-US trade agreement, which may occur within a 90-day tariff pause period.
- RBI announced a purchase of government bonds worth Rs 40,000 crore under open market operations to enhance liquidity conditions.
- India's foreign exchange reserves reached $676 billion, the highest since November, indicating a significant increase.
- Gold ETFs witnessed their first monthly outflow in a year, losing Rs 77 crore in March compared to the inflow in February.
- US equities had a volatile session as trade tensions persisted after China's decision to raise tariffs on US goods, impacting Wall Street.
- Airfares to Europe dropped by 2-6% for Indian travellers during peak months, benefiting those planning trips to destinations like Switzerland and Paris.
- Actively managed equity mutual funds saw a lower inflow of Rs 25,082.01 crore in March, indicating a preference for flexi-cap funds among investors.
- Other notable stories include NITI Aayog's projection of India's auto components exports tripling by 2030 and Moody's revision of India's GDP forecast amid US tariff implications in the Asia-Pacific region.
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Bloomberg Quint
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IPO-Bound Zepto Appoints Airtel's Akhil Gupta To Company Board
- Quick commerce unicorn Zepto has appointed Bharti Enterprises vice-chairman Akhil Gupta as an independent director to its board.
- Akhil Gupta has spearheaded the successful public listings of Bharti Airtel, Bharti Infratel, and Airtel Africa.
- Zepto is planning to make its stock market debut later this year.
- The company has raised $1.35 billion in a span of five months.
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Bloomberg Quint
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Indian Overseas Bank Slashes Repo-Linked Lending Rate To 8.85% After MPC Decision
- Indian Overseas Bank has slashed its repo-linked lending rate to 8.85% after the Monetary Policy Committee's (MPC) decision.
- The rate cut comes after the Reserve Bank of India's MPC reduced the repo rate to 6% and changed its stance from neutral to accommodative.
- UCO Bank and Karur Vysya Bank have also reduced their repo-based lending rates by 25 basis points and 30 basis points respectively.
- Indian Overseas Bank's stock closed 0.71% lower at Rs 34.93 apiece on the NSE.
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Bloomberg Quint
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India-EU FTA: Both Sides Working On Resolving Pending Issues, Says Piyush Goyal
- Commerce and Industry Minister Piyush Goyal says both India and the European Union are working to resolve pending issues in the proposed free trade agreement.
- Goyal mentioned that if there were no sensitive issues, the agreement could have been concluded 18 years ago.
- The tenth round of negotiations for the free trade agreement took place in Brussels last month, with the next round scheduled to be held in New Delhi in May.
- Italian Deputy Prime Minister Antonio Tajani expressed the importance of signing the agreement soon and emphasized the potential for trade and joint ventures between Italian and Indian companies.
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Bloomberg Quint
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China's Xi Jinping Seeks EU Support Against Trump Tariffs
- Chinese President Xi Jinping urged the European Union to stand together against unilateral US tariffs, emphasizing the importance of global cooperation over isolation.
- Xi highlighted the negative impacts of tariff wars and emphasized the need for China and the EU to uphold economic globalization and resist bullying tactics.
- In response to Trump's tariffs targeting China, Xi called for joint efforts to safeguard international trading and economic norms.
- China retaliated by increasing tariffs on US goods, leading to a trade war between the two major economies.
- The EU expressed a willingness to negotiate with the US, while China focused on bolstering ties with neighboring countries amid trade uncertainties.
- The EU aims to protect its single market from potential influx of Chinese imports and is prepared to take necessary trade defense measures.
- European Commission President von der Leyen assured confidence in China's ability to counter external shocks like Trump's tariffs.
- China's diplomatic efforts extended to Vietnam, Malaysia, and Cambodia to enhance trade relations and address supply chain challenges.
- Amid escalating trade tensions, China and the EU emphasized their commitment to economic globalization, free trade, and multilateralism.
- Xi stressed China's self-reliance and confidence in managing its own affairs amidst evolving global trade dynamics.
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