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Bloomberg Quint
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India’s Auto Components Exports Can Triple By 2030, NITI Aayog Says
- India’s auto component exports are expected to triple from $20 billion to $60 billion by 2030, according to a report by NITI Aayog.
- The report predicts that India will produce $145 billion worth of auto components by 2030, positioning the country as a significant player in the global markets.
- This growth is projected to generate 2-2.5 million additional employment opportunities in the auto sector.
- To achieve this vision, strategic and focused policy initiatives are needed to enhance competitiveness, improve infrastructure, and attract investment.
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Bloomberg Quint
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375
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India's Forex Reserves At Highest Level Since November
- India's foreign exchange reserves rose to the highest level since early November to $676 billion for the period ended April 4.
- India ranks as the fourth-largest holder of foreign exchange reserves.
- Foreign investors have pulled out $13.6 billion from the country's debt and equity markets so far this year.
- For the week ended April 4, foreign currency assets rose to $574 billion.
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Bloomberg Quint
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Airfare To Europe Drops 2-6% For Indian Travelers Ahead Of Peak Summer
- Airfares to key European destinations like Switzerland and Paris are dropping 2-6% during peak months of April to June for Indian travelers, attributed to factors such as decreased U.S. tourists, intensified airline competition, and interest in visa-free destinations.
- Increased air routes and frequencies between India and Europe, with airlines like Air India and IndiGo adding more flights, are contributing to the drop in airfares.
- Visa-free destinations are becoming popular choices for Indian travelers, leading to a drop in airfare prices.
- Short-haul international favorites like Thailand and Dubai are seeing a marginal increase in airfares compared to Europe, but remain relatively cheaper.
- Domestic airfares in India are experiencing a 5-30% surge for summer travel, with bookings significantly higher than last year.
- Increased demand for destinations like Kullu, Dehradun, and Srinagar is leading to higher airfares, especially on last-minute bookings.
- Air traffic is being driven by experiences like concerts and northern lights, with inadequate capacity available to handle demand leading to high airfares.
- Several airlines have added flights for summer, but challenges like supply chain issues and aircraft delivery delays are affecting capacity expansion.
- ICRA projects airport passenger traffic to grow and industry to report a net loss of Rs 2,000-3,000 crore this fiscal despite increased flights and passenger count.
- International traffic is expected to outpace domestic growth, driven by healthy international tourism activity and improved connectivity.
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Bloomberg Quint
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320
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India-US Trade Deal: First Phase Can Be Expected Within Tariff-Pause Period
- The first phase of the bilateral trade agreement between India and the US can be expected within the 90-day tariff-pause period.
- Negotiations are underway through video conferencing, and there is a possibility of Indian negotiators visiting the US and vice versa.
- India's lower differential tariff compared to neighboring countries like China and Vietnam has given it a competitive edge.
- Commerce Minister Piyush Goyal stated that 'very good negotiations' with the US are ongoing, and India would be a compelling case for a trade pact.
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Bloomberg Quint
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185
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RBI To Buy Government Bonds Worth Rs 40,000 Crore In Further Liquidity Push
- The Reserve Bank of India (RBI) has announced its plan to conduct a fresh purchase of government bonds worth Rs 40,000 crore.
- The open market operations (OMO) purchase auction will take place on April 17. This decision was made after assessing the current and evolving liquidity conditions.
- This additional bond purchase comes in addition to the Rs 80,000 crore worth of bond purchase announced by the RBI on April 1.
- This is a developing story.
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Bloomberg Quint
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Aurobindo Pharma's US Plant Gets 11 FDA Observations
- Aurobindo Pharma's subsidiary, Aurolife Pharma LLC, received 11 observations from the US FDA following an inspection of its Raleigh plant in North Carolina.
- The inspection took place from March 24 to April 10, 2025.
- Aurobindo Pharma will provide a detailed response to the FDA within the required timeline, addressing each observation with appropriate corrective and preventive measures.
- The company stated that it does not expect this development to have any material impact on current business operations or existing supplies from the facility.
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Bloomberg Quint
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400
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CESC To Allot NCDs Worth Rs 250 Crore To Axis Bank
- The board of CESC Ltd. has approved the allotment of non-convertible debentures worth Rs 250 crore to Axis Bank.
- The securities will be allotted on a private placement basis and will mature on April 11, 2030.
- The coupon rate of the instrument will be 2.67% and the debentures will have a call/put option after three years.
- Shares of CESC Ltd. closed 2.34% higher at Rs 153.35 apiece on the BSE.
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Bloomberg Quint
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211
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Amazon Onboards Briskpe As PSP —What This Means For Indian Sellers
- Amazon has officially recognised Briskpe as a payment service provider, authorising the company to facilitate cross-border payments on its marketplace.
- This strategic move opens up new global opportunities for Indian sellers by streamlining international transactions and expanding Briskpe's role in global commerce.
- Backed by global investment firm Prosus, Briskpe has launched a new initiative called Launchpad, aimed at transforming how Indian sellers expand into international markets.
- With this launch, Briskpe moves beyond just powering payouts to building a full-stack ecosystem that helps sellers scale like global brands.
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Bloomberg Quint
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No Shortcuts To Getting Rich: Nithin Kamath’s New Post Focuses On Middle-Class Money Trap
- Nithin Kamath emphasizes that there are no shortcuts to getting rich and it takes good habits and patience.
- Common financial mistakes include buying unnecessary things, borrowing money for spending, and ignoring the importance of health insurance.
- Prateek Singh in a video challenges the paycheck-to-paycheck mindset and suggests tracking expenses and cutting out extras to save.
- Singh also highlights the need for creating an emergency fund, getting health insurance, and avoiding spending beyond one's income.
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TechCrunch
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Startups Weekly: Enjoying the reprieve
- Former OpenAI CTO Mira Murati secures new advisers for AI startup Thinking Machines Lab.
- OpenAI considers acquiring io Products, or partnering, and countersues Elon Musk.
- Deel's head of communications departs amid accusations of planting a spy at rival startup.
- Lyst, a British fashion marketplace, acquired by Zozo for $154 million.
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Bloomberg Quint
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228
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Stock Market Highlights: Nifty, Sensex End Volatile Week With Minor Losses On Global Trade War Standoff
- The NSE Nifty 50 and the BSE Sensex ended the week in red with minor losses following a temporary pause in US trade tariffs.
- During the day, the Nifty rose 2.34% to 22,923.90, while Sensex gained 2.19% to 75,467.33.
- On the NSE, all the 15 sectors rose, with the Nifty Metal and Energy leading the gains.
- The Nifty Auto emerged as the top sectoral loser for the week, while the Nifty FMCG was the top performing sector.
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Eu-Startups
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Doctor, meet Mona: Clinomic scores €23 million to upgrade ICU care
- Aachen-based HealthTech startup Clinomic has raised €23 million in Series B funding to accelerate the deployment of its AI-driven intensive care unit (ICU) assistant, Mona, and expand into global markets.
- The funding round was co-led by DeepTech & Climate Fonds (DTCF) and a private family office, bringing the total funding to €44.8 million.
- Clinomic's platform, Mona, consolidates, analyzes, and visualizes patient and operational data in real-time to streamline ICU workflows, improve patient outcomes, enhance workflow efficiency, and reduce costs for hospitals.
- The company plans to use the funding to expand internationally, enhance AI and data capabilities, and make a greater impact on critical care delivery.
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Bloomberg Quint
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202
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IIP Growth Slows To Seven-Month Low Of 2.9% In February
- India's index of industrial production growth slowed to a seven-month low of 2.9% in February, compared to a 5% increase in January 2025.
- The slowdown in industrial output growth was broad-based, with all the use-based categories, as well as two of the three primary sectors, witnessing a slower growth in February compared to the previous month.
- Manufacturing activity expanded on an annual basis by 2.9%, compared to 5.8% in the preceding month.
- The output of mining and electricity—the other two main factors determining the IIP—grew by 1.6% and 3.6%, respectively in February.
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Bloomberg Quint
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547
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Nifty Top Gainers, Losers On April 11: Hindalco, JSW Steel To Asian Paints, TCS
- Hindalco Industries Ltd. was the top gainer, while Asian Paints Ltd. was the top loser on Nifty 50.
- Nifty ended 1.92% higher at 22,828, gaining 429 points. Sensex ended 1.77% higher at 75,157, surging by 1,310 points on Friday.
- Hindalco Industries, JSW Steel, Tata Steel, and Coal India were among the top gainers in the metal sector.
- Asian Paints, Apollo Hospital, and Tata Consultancy Services were among the top losers on Friday.
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Bloomberg Quint
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252
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Aadhar Housing Finance Gets High-Conviction 'Buy' From ICICI Direct — Here's Why
- Aadhar Housing Finance is recommended as a 'buy' by ICICI Direct.
- The company has a strong Return on Assets (RoA) of 4% and Return on Equity (RoE) of 18%+.
- Valuations are attractive for Aadhar Housing Finance at the current level.
- As of December 31, 2024, the company operates 557 branches across 21 states and union territories.
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