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Bloomberg Quint
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213
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JPMorgan CEO Jamie Dimon Predicts Treasury Market ‘Kerfuffle’ Where Fed Steps In
- JPMorgan CEO Jamie Dimon predicts a 'kerfuffle' in the US Treasury market and expects the Federal Reserve to step in.
- Yields, especially on longer-term debt, have increased amid market turmoil related to President Trump's tariff policy.
- Dimon suggests that bank rule changes are necessary to avoid a repeat of the Treasury market freeze seen in March 2020.
- He highlights the need for reforms to make banks more active intermediaries, otherwise, the Fed will have to intervene.
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Economic Times
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306
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Alphabet, Nvidia invest in OpenAI cofounder Sutskever's SSI
- Alphabet and Nvidia have invested in OpenAI co-founder Ilya Sutskever's startup, Safe Superintelligence (SSI), which focuses on artificial intelligence.
- SSI has quickly become one of the most valuable AI startups and recently secured a funding round led by Greenoaks, valuing the company at $32 billion.
- Alphabet's cloud computing arm will provide SSI with access to its in-house AI chips, while Nvidia's investment in SSI underscores the increasing interest of big tech companies in AI investments.
- SSI primarily uses tensor processing units (TPUs) for AI research, which are more efficient for specific tasks, while competing with major cloud providers investing in AI startups.
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Pymnts
1w
21
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Revolut to Add UK Stocks to Trading Platform
- Revolut plans to add U.K. stocks to its trading platform in response to customer demand.
- The company gained its U.K. trading license in November.
- Revolut already offers U.S. and European equities on its platform.
- The company aims to expand its banking services, launch an IPO, and become a global financial services app.
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Pymnts
1w
241
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Bank of England Warns of Higher Market Volatility From AI-Driven Trading
- The Bank of England has warned that the use of artificial intelligence (AI) in algorithmic trading could increase market volatility and amplify financial instability.
- The widespread use of AI for trading and investing could lead to a 'herding' behavior, causing sudden market drops.
- The report emphasizes that the use of advanced AI-based trading strategies could result in firms taking increasingly correlated positions and acting similarly during times of stress, thereby amplifying shocks.
- However, if AI is used to tailor strategies specifically for each client, it could lead to more market stability by diversifying investments.
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Bloomberg Quint
1w
199
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SEBI Seeks Public Feedback On Revised Investor Charter For RTAs, Research Analysts
- Securities and Exchange Board of India (SEBI) invites public comments on a draft paper to review the investor charter for RTAs, investment advisers, and research analysts.
- The move aims to enhance financial consumer protection and boost investor awareness by providing investors with details about the activities carried out by RTAs, RAs, and IAs.
- SEBI directs all registered RTAs to disseminate the investor charter through websites, emails, and prominently display it in offices.
- The revised charter specifies key services, expected timelines, and disclosure requirements for RTAs, RAs, and IAs, promoting transparency and informed decision-making.
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Bloomberg Quint
1w
303
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RBI Mandates PRAVAAH Platform For Regulatory Applications From May 1
- RBI has mandated the use of the PRAVAAH platform for submitting regulatory applications starting from May 1, 2025.
- The PRAVAAH platform was launched to streamline online applications for regulatory authorizations, licenses, and approvals.
- Applicants, including Regulated Entities, are advised to use PRAVAAH for submitting applications using the available application forms.
- In exceptional cases, applications can be submitted directly to the Reserve Bank, but will be processed through the PRAVAAH system.
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Bloomberg Quint
1w
134
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IPL 2025: Clinical KKR Comprehensively Beat Chennai By 8 Wickets
- A clinical Kolkata Knight Riders (KKR) thrashed Chennai Super Kings (CSK) by eight wickets in an Indian Premier League match.
- CSK managed only a paltry 103 for nine, their lowest total at their home ground Chepauk.
- Sunil Narine was the pick of the bowlers for KKR, taking 3 wickets for 13 runs.
- KKR achieved the target of 104 in just 10.1 overs, winning the match by 8 wickets.
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Bloomberg Quint
1w
201
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Mumbai: 'Kavach 5' Train Safety System To Be Ready By December, To Boost Suburban Network By 30%
- Mumbai-specific 'Kavach Version-5' train protection system is expected to be completed by December-end.
- The system will allow the introduction of 30% more trains on the suburban network.
- To reduce the heavy crush load, the new trains will be redesigned to improve oxygen and air flow, as well as door closure timing.
- The Railway Minister has committed a significant investment of Rs 17,000 crore for projects in Mumbai.
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Bloomberg Quint
1w
291
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India Seeks Consultations Under WTO With US Over Steel, Aluminum Tariffs
- India has sought consultations with the US under the WTO's safeguard agreement following American authorities' decision to impose tariffs on steel and aluminium.
- On March 8, 2018, the US imposed safeguard measures on certain steel and aluminium articles with ad valorem tariffs of 25% and 10% respectively.
- The US has failed to notify the WTO Committee on Safeguards about the decision to apply safeguard measures.
- India requests consultations with the US to exchange views on the measure and hopes for a prompt reply and mutually convenient date and venue for the consultations.
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Bloomberg Quint
1w
17
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Sula Vineyards Q4 Updates: Overall Revenue Almost Flat, Wine Tourism Segment Sees 24.6% Jump
- Sula Vineyards Q4 revenue remained almost flat at Rs 132.6 crore.
- Revenue from own brands slipped by 2.9% to Rs 109.6 crore.
- Wine tourism segment saw a 24.6% jump in revenue at Rs 20.4 crore.
- Overall revenue for the fiscal year 2024-25 recorded a 1.7% growth.
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Bloomberg Quint
1w
37
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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
1w
13
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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
1w
41
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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
1w
21
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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
1w
180
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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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