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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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164
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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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154
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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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71
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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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Bloomberg Quint
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75
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Delhivery CEO Sahil Barua Quits As Swiggy's Independent Director Days After Ecom Deal
- Delhivery CEO Sahil Barua has resigned as an independent director from Swiggy's board.
- Barua was one of the first independent directors to join Swiggy in February 2023.
- His resignation comes shortly after Delhivery's acquisition of rival Ecom Express.
- Barua cited increased professional commitments as the reason for his resignation.
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Bloomberg Quint
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227
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FPIs Stay Net Sellers, Offload Equities Worth Rs 2,519 Crore
- Foreign portfolio investors (FPIs) continued their selling streak for the ninth straight session, with net offloading of shares worth Rs 2,519.03 crore.
- FPIs have net sold equities worth Rs 1.48 lakh crore in 2025 so far, as per NSDL data.
- Meanwhile, domestic institutional investors remained net buyers for the fourth straight day, mopping up equities worth Rs 3,759.27 crore.
- In March, overseas investors had net offloaded equities worth Rs 3,973 crore, according to NSDL data.
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Bloomberg Quint
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US Plans To Cut $5 Billion In Contracts To Deloitte, Accenture After DOGE Review
- The US plans to cut $5 billion in contracts to Deloitte and Accenture after DOGE review.
- The cuts include consulting services from companies such as Accenture, Booz Allen Hamilton Inc., and Deloitte US serving the Defense Health Agency, which would save $1.8 billion.
- A $500 million US Navy contract for business process consulting as well as a $1.4 billion software reseller contract for cloud IT services are also on the list for cuts.
- Cutting a Defense Advanced Research Projects Agency contract for IT help-desk services that is 'completely duplicative' would also free up $500 million, according to the secretary.
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Bloomberg Quint
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194
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Delhi Airport Close To Achieve Global Hub Status As International Passenger Traffic Soars, Says CEO
- Delhi Airport is close to achieving global hub status as international passenger traffic soars, says CEO.
- The airport is expected to meet the criteria to qualify as an international hub within the next two years.
- The international passenger traffic at Delhi Airport in 2024-25 was about 21.6 million, and the target is to exceed 24 million.
- Efforts are being made to enhance air connectivity to the Asia Pacific region, and Indian carriers have captured over 50% of the international traffic share at the airport.
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Bloomberg Quint
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Commerce Ministry Launches Helpdesk For Exporters Amid Tariff, Trade Volatilities
- The Indian Commerce Ministry has launched a helpdesk to assist exporters amid tariff and trade volatilities.
- The helpdesk will address import/export challenges, import surges, dumping, EXIM clearance, supply chain challenges, financial/banking issues, and regulatory/compliance issues.
- Exporters and importers can contact the Directorate General of Foreign Trade (DGFT) through their website, email, or helpline to seek assistance.
- The helpdesk will also collaborate with other government ministries and agencies to resolve trade-related issues.
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Bloomberg Quint
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358
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Delhi Airport's Terminal 2 To Shut For Maintenance From April 15 – IndiGo, Air India Issue Advisory
- Delhi Airport's Terminal 2 will be closed for maintenance from April 15 onwards prompting IndiGo, Air India, and Akasa Air to shift all flights to Terminal 1 until further notice.
- The maintenance at Terminal 2 is aimed at enhancing infrastructure and improving passenger experience, leading to airlines issuing travel advisories for schedule changes.
- IndiGo Airlines, Air India, and Akasa Air have advised passengers to check updated schedules due to the runway upgrade work may cause delays or rescheduling.
- IndiGo urged passengers to verify terminal and flight status on their website before airport visits, ensuring a smooth transition and travel experience amidst the changes.
- Air India highlighted the runway upgrade at Delhi airport, expecting its continuation until July 2025, warning of possible flight schedule impacts despite efforts to minimize inconvenience.
- Passengers are advised to check their flight status before heading to the airport as Akasa Air also shifts operations to Terminal 1 starting April 15, 2025, urging travelers to allocate extra time for airport arrival and online check-in.
- Akasa Air mentioned that check-in counters will close 60 minutes before departure, and boarding gates will close 25 minutes before departure, recommending online check-in via their website or app for a seamless experience.
- Various airlines are ensuring communication and coordination with passengers to manage the operational adjustments required during the transition of flights from Terminal 2 to Terminal 1 at Delhi's Indira Gandhi International Airport.
- Delhi Airport's Terminal 2 closure and the transfer of operations to Terminal 1 depict a strategic response by authorities to facilitate necessary infrastructure upgrades and maintenance for a more efficient and passenger-friendly airport experience.
- The closure and relocation of flights at Delhi Airport signify a temporary inconvenience aimed at long-term improvements and operational efficiencies within the airport premises.
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Pymnts
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Faume Raises $9.1 Million to Expand Fashion Resale Platform Across Europe
- Faume, a fashion resale platform, has raised $9.1 million for its European expansion.
- The platform aims to support 150 brands across Europe, starting with expansion in the U.K. and Italy.
- Faume enables premium brands to enter the second-hand market without compromising their image or control over distribution.
- The company has already facilitated the sale of 300,000 secondhand premium fashion pieces, with 40% sold outside France.
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Bloomberg Quint
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396
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Trump Says ‘Russia Has To Get Moving’ In Ukraine Ceasefire Push
- President Donald Trump is ramping up pressure on Russia in his bid to secure a ceasefire over its war in Ukraine.
- Trump’s comments come as his efforts to secure a halt to the fighting in Ukraine have hit roadblocks with Russian President Vladimir Putin continuing to launch attacks and seeking additional concessions before a ceasefire.
- Trump’s special envoy Steve Witkoff is slated to meet with Putin on Friday, according to the Kremlin.
- Trump wrote in a post to his social media platform that 'Russia has to get moving' and too many people are dying in a terrible and senseless war in Ukraine.
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Bloomberg Quint
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172
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ICICI Bank Board May Consider Raising Funds Via Debt Securities on April 19
- ICICI Bank will consider raising funds by issuing debt securities at its board meeting on April 19, 2025.
- The bank may consider non-convertible debentures, bonds, notes, or offshore certificates of deposit to raise funds.
- The board will also discuss the buyback of debt securities within approved limits.
- ICICI Bank's trading window for dealing in securities will remain closed from April 1 to April 21, 2025.
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