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Bloomberg Quint
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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
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304
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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
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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
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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
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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
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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
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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
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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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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
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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
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181
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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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294
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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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127
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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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223
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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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