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Bloomberg Quint
8h
294
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ICICI Bank To Exit ICICI Merchant Services With 19% Stake Sale
- ICICI Bank plans to exit from ICICI Merchant Services by selling its entire 19% stake.
- The bank has executed a share purchase agreement with First Data Holding I (Netherlands) B.V., First Data (India) Pvt. Ltd., and Fiserv Merchant Solutions Pvt. Ltd.
- The completion of procedures and transfer of shares will be intimated in due course of time.
- Upon completion of the transaction, ICICI Merchant Services will no longer be classified as an associate entity of ICICI Bank.
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Bloomberg Quint
9h
107
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Apple Intelligence Launches In India: New Features, Updates You Need To Know
- Apple has officially launched its Apple Intelligence suite in India, introducing new features and updates to improve user experience.
- The update includes advanced Writing Tools functionality, improved Photos app with new search and editing features, Memories feature for creating personalized movies, and the introduction of Genmoji to create unique emojis.
- Apple Intelligence also brings the Visual Intelligence feature to India, allowing real-time object recognition through the camera.
- One of the key aspects of the Apple Intelligence rollout is its focus on user privacy, prioritizing on-device processing for most tasks and using secure servers for complex requests.
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Bloomberg Quint
9h
49
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Gen Z's Multi-Hyphenated Hustles Win Them The Extra Bank
- Gen Z's demands and dreams are changing the workspace rules.
- 51% of Gen Z are planning to build their own second stream of income through side hustles and freelancing gigs.
- 40% of Gen Z feel anxiety about not landing a job in a field they are interested in.
- 72% of Gen Z believe that job satisfaction is more important than salary.
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Bloomberg Quint
9h
31
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Cloud Threats Rising, Identity And Access Management Under Threat, Shows Palo Alto Networks Report
- Organisations received over five times as many daily cloud-based alerts by the end of 2024 than at the beginning of the year.
- The greatest increase in alerts was observed in high-severity alerts, indicating successful targeting of critical cloud resources, including identity and access management, storage, virtual machines, and containers.
- IAM tokens and credentials are under threat, with an increase in remote command-line access events, IAM API requests from outside regions, cloud snapshot exports, and suspicious downloads of cloud storage objects.
- Throughout 2024, high-severity cloud alerts rose by 235%, with significant increases in August, October, and December. The report recommends implementing cloud detection and response monitoring, limiting cloud service platform regions, and ensuring appropriate IAM service account operations and cloud storage security.
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SiliconCanals
9h
184
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montamo raises €6M to boost Germany’s green energy push; aims to train and hire 1,000+ people in 5 years
- Berlin-based montamo has secured €6M equity in a Seed funding round to expand its geographic reach in Germany.
- The funding round was led by Alter Equity and also saw participation from Rethink Education and existing investors.
- montamo specializes in the fast and reliable installation of energy transition equipment, particularly heat pumps.
- The company plans to open more hubs in major cities to increase installation capacity and geographic coverage.
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Eu-Startups
9h
95
Zepz secures €152 million financing to enhance global remittances across WorldRemit and Sendwave
- London-based Zepz, the global payments group behind WorldRemit and Sendwave, has secured €152 million in financing.
- The financing includes a €101.7 million revolving credit facility led by HSBC Innovation Banking and a €50.8 million term facility underwritten by HSBC Private Credit.
- Zepz aims to make money transfers faster, affordable, and accessible, serving over 9+ million users in over 4,000 corridors.
- The financing will be used to invest in better pricing, ongoing innovation, and optimal transfer fees, improving the customer experience.
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Bloomberg Quint
9h
60
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NTPC Achieves 4% Growth, 80 GW Capacity Milestone In Fiscal 2025
- NTPC Group reported around 4% rise in power generation to 438.6 billion units in FY 2024-25.
- The group added 3,972 MW of capacity, reaching a cumulative installed capacity of 80 GW.
- NTPC aims to achieve 60 GW of renewable energy capacity by 2032.
- NTPC has diversified into new business areas such as e-mobility, battery storage, and waste-to-energy.
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Bloomberg Quint
9h
103
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Maharashtra Government Approves Bike Taxi Proposal
- The Maharashtra government has approved the transport department's proposal to allow bike taxis in the state.
- Only electric bikes will be allowed to take on pillion passengers as part of the state government's initiative to promote electric vehicles.
- The policy aims to generate employment for 20,000 to 25,000 citizens in the state.
- Financial assistance of Rs 10,000 will be given to the children of auto and taxi drivers for purchasing a bike taxi.
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Analyticsindiamag
9h
138
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California Chip Startup Retym Raises $75M to Build Chips for AI Data Centres
- California chip startup Retym has raised $75 million in a Series D funding round led by Spark Capital.
- Retym plans to develop programmable coherent digital signal processing (DSP) chips for AI and cloud infrastructure.
- The company's first chip is expected to be launched later this year, challenging Marvell Technology's dominance in the DSP market.
- Retym's technology is crucial for AI data centres, where the efficient handling of large AI models is a requirement.
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Medium
9h
331
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Numismatics Noir™ Coin Card Deck: A Groundbreaking Collection Honoring Black History on U.S.
- Numismatics Noir™ Coin Card Deck is a groundbreaking collection that highlights the contributions of Black Americans on US currency.
- The deck features over 30 coins minted from 1946 to 2025, including rare commemorative coins made from precious metals.
- The initiative aims to bring visibility to Black figures on US currency, educate about their historical significance, and encourage coin collecting as a pathway to wealth creation.
- Numismatics Noir™ Coin Card Deck seeks to bridge the gap between history, culture, and capital, while promoting financial literacy and alternative investment strategies.
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Medium
10h
74
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How to Build an Investor Persona: Targeting the Right Backers for Your Vision | Startup Funding in…
- Building an investor persona is crucial to secure startup funding in India.
- Define your business model, industry, and market potential before seeking funding.
- Research investors with a track record of funding startups in your industry on platforms like AngelList, Crunchbase, and LinkedIn.
- Networking and continuous engagement are key to maintain investor confidence and secure future rounds of funding.
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Bloomberg Quint
10h
181
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Nifty Top Gainers, Losers On April 1: From HCL Tech, Bajaj Finserv To Trent
- The share price of HCL Tech declined the most, falling 4.17% down on the National Stock Exchange.
- Bharat Electronics Ltd. was the second-worst performer, falling 3.76% on the National Stock Exchange.
- IndusInd Bank Ltd. gained 6.15% and Trent Ltd. gained 5.44% on the NSE Nifty 50.
- Nifty Realty was the top sectoral loser, declining 3.02%.
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Bloomberg Quint
10h
217
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Sustainability In Focus: Why India Needs To Diversify Clean Energy Sources Beyond Solar Energy
- India's focus on solar energy to reduce dependence on fossil fuels has been remarkable, but a diversified clean energy mix is crucial for a sustainable transition.
- Solar power has played a significant role in India's renewable energy sector, with the country surpassing Japan as the third-largest solar power generator globally by 2024.
- While solar energy has grown substantially in India, it alone may not suffice to meet the nation's increasing energy demands in the long term.
- Challenges like solar power intermittency and environmental impact of panel waste necessitate the integration of multiple renewable sources like wind, hydro, and nuclear power.
- Nuclear power emerges as a viable solution due to its continuous energy production capability, contrasting the intermittent nature of solar energy.
- India's nuclear power capacity has risen significantly, with future plans to enhance energy security through nuclear power alongside solar, wind, and hydro power.
- The government's budget allocations for nuclear power, specifically on small modular reactors, highlight the emphasis on a diverse and balanced energy mix.
- As India aims for 500 GW from non-fossil sources by 2030, a mix of solar, wind, hydro, and nuclear power will be essential for reliable energy supply and market stability.
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Bloomberg Quint
10h
224
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GST Collections Rise 9.9% To Rs 1.96 Lakh Crore In March
- Gross Goods and Services Tax collections rose by 9.9% to Rs 1.96 lakh crore in March.
- Sequentially, collections were 6.8% higher than the Rs 1.84 lakh crore recorded in February.
- Gross GST revenue in March included Rs 38,100 crore from Central GST, Rs 49,900 crore from State GST, Rs 95,900 crore from Integrated GST, and Rs 12,300 crore from compensation cess.
- In comparison, February saw Central GST collections at Rs 35,204 crore, State GST at Rs 43,704 crore, Integrated GST at Rs 90,870 crore, and compensation cess at Rs 13,868 crore.
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Bloomberg Quint
10h
92
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Nasdaq 100’s Worst Quarter In Years Sealed By AI Bubble Fears
- The Nasdaq 100 experienced its worst quarter in nearly three years, down 8.3%, due to fears of an AI bubble burst amidst tariff uncertainty and economic concerns.
- Tech giants like Nvidia, Broadcom, Microsoft, Amazon, Alphabet, and Meta Platforms saw significant share price declines, with Nvidia tumbling 28% from its peak.
- Investors are taking profits in AI-related stocks as uncertainties rise, leading to a potential pullback in the market.
- Companies heavily investing in AI infrastructure, like Microsoft earmarking $80 billion, are facing concerns of oversupply and diminishing demand for AI services in the near future.
- While the AI sector faces skepticism, bulls find the discounted AI-related stocks appealing, expecting continued spending and demand for AI services.
- OpenAI anticipates a revenue triple and aims to raise $40 billion, signaling continued interest and investment in AI technologies.
- Despite some stocks looking attractive, Wall Street's current sentiment remains gloomy, reflecting nervousness surrounding AI spending and market demand.
- Cloud-computing provider CoreWeave's lackluster IPO performance highlights investor concerns about a potential AI spending slowdown.
- As doubts linger about hyperscalers' continued investment and AI's broader corporate adoption, the market awaits signals on the future direction of AI-related industries.
- The market outlook reflects a cautious approach, with investors closely monitoring AI sector developments and potential market shifts.
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