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Bloomberg Quint
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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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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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Bloomberg Quint
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Mumbai To Get London-Style ‘Mumbai One’ Card For All Public Transport, Says CM Fadnavis
- Maharashtra Chief Minister Devendra Fadnavis has announced the launch of 'Mumbai One' card to function across various modes of transport in Mumbai Metropolitan Region.
- The card will enable seamless travel across the Metro, Monorail, local trains, and public buses in Mumbai and MMR regions.
- Modelled on London's Oyster card, the initiative aims to simplify and streamline the daily commute for millions of Mumbaikars.
- Discussions have already been held with the railway minister to facilitate the onboarding of suburban railways.
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Bloomberg Quint
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Gold ETFs Record First Monthly Outflow In A Year
- Gold ETFs recorded a net outflow of Rs 77 crore in March, compared to a net inflow of Rs 1,980 crore in February.
- This marks the first monthly outflow of funds from gold ETFs since April 2024.
- The pullback ends a 10-month streak of net inflows into gold ETFs.
- Gold ETFs are passive investment instruments that track the price of gold and provide a tax-efficient way of investing in the precious metal.
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Bloomberg Quint
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Apollo Hospitals Planning Buyouts To Boost North India Footprint
- Apollo Hospitals Enterprise Ltd., India’s largest health care provider, is planning to boost its presence in North India through acquisitions and new projects.
- The company aims to add about 3,500 beds over three to four years, with a focus on India’s northern region.
- Apollo Hospitals is looking for market leadership in key cities to meet the growing demand for high-end medical care.
- The company also plans to build a $29 million cancer center and sees oncology, cardiac, neurology, and preventive healthcare as key areas of growth.
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Bloomberg Quint
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Ambedkar Jayanti 2025 Stock Market Holiday: Are NSE And BSE Open Or Closed On April 14?
- The stock markets in India will remain closed on Monday, April 14, on the occasion of Ambedkar Jayanti – the birth anniversary of Dr BR Ambedkar.
- Both the National Stock Exchange (NSE) and the BSE will remain closed for trading and settlement in stocks, derivatives, and securities lending and borrowing (SLB) segments on this day.
- Ambedkar Jayanti will be the second weekday market holiday in April. Trading will resume as usual on April 15, Tuesday.
- The stock market has 14 trading holidays in 2025 as per the NSE calendar. Following the three holidays in April, the market will be closed on May 1, Aug. 15, Aug. 27, Oct. 2, Oct. 21, Oct. 22, Nov. 5, and Dec. 25.
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Bloomberg Quint
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Delhi EV Policy 2.0: Women Likely To Be Offered Rs 36,000 Subsidy On Electric Two-Wheeler Purchase
- The Delhi government is considering offering a subsidy of up to Rs 36,000 on the purchase of electric two-wheelers for women under the Electric Vehicle Policy 2.0.
- The incentive can be availed by the first 10,000 women with a valid driving license.
- The policy draft also includes incentives for electric three-wheelers, commercial vehicles, and scrapping old fossil fuel-driven vehicles.
- To promote the adoption of electric vehicles, women in Delhi may receive a purchase incentive of Rs 12,000 per kilowatt-hour (kWh) on electric two-wheelers.
- Under the scheme, owners scrapping old fossil fuel vehicles can avail additional incentives, and electric auto-rickshaws may receive a purchase incentive of Rs 10,000 per kWh.
- The policy aims to accelerate electric vehicle adoption in Delhi and may mandate the phasing out of CNG auto-rickshaws and fossil fuel vehicles.
- Additionally, incentives are proposed for electric goods carriers, with caps set on ex-showroom prices for eligibility.
- The draft policy recommends strict timelines for transitioning to electric vehicles, including banning certain fuel types by specific dates.
- The extension of the current Electric Vehicle policy aims to address air pollution concerns and improve the adoption of eco-friendly vehicles.
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Bloomberg Quint
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Saturday Bank Holiday: Are Banks Opened Or Closed On April 12?
- According to the Reserve Bank of India’s calendar, as many as four bank holidays are lined up over the next seven days in various states of India.
- According to the Reserve Bank of India’s calendar, the second and fourth Saturdays will be observed as holidays. This means that on Saturday, April 12, it will be a bank holiday across India.
- Various states in India, including Tripura, West Bengal, Jammu and Kashmir and more, will observe a bank holiday on April 14.
- Banking operations will resume as usual on April 19, as the third Saturday is not scheduled as a holiday in the RBI calendar.
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Bloomberg Quint
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Zerodha Console Gets New Portfolio Performance Curve Feature
- Zerodha Console has introduced a new feature called Portfolio Performance Curve.
- The feature allows users to visualize their account performance and compare it to a benchmark like Nifty 50.
- Zerodha CEO, Nithin Kamath, highlighted that they are the only broker in India and possibly worldwide providing this feature.
- The Portfolio Performance Curve is currently in beta and more analytics will be added in the future.
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Bloomberg Quint
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Investment Banker Flags 'Most Common' Property Fraud In India—How Home Buyers Can Protect Money
- Investment banker Sarthak Ahuja recently highlighted a common fraud that happens during real estate purchases in India.
- Many buyers fail to hire lawyers for a thorough title check, leaving them vulnerable to scams.
- To address such incidents, a product called "Title Insurance" is now available, which covers financial losses and legal fees in case of title disputes.
- Some argue for a greater emphasis on ensuring clear land records instead of relying solely on insurance.
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Bloomberg Quint
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India Ready For Speedy Trade Deal Negotiations With US, EU Amid Growing Strategic Ties, Says Jaishankar
- India is ready for speedy trade deal negotiations with the US and EU amid growing strategic ties, says Jaishankar.
- Trump's policy on tariffs has triggered trade disruptions and global economic recession fears.
- India aims to conclude a bilateral trade agreement with the US as early as possible.
- Negotiations with the EU for a free trade agreement are also a priority for India.
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Bloomberg Quint
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Deadline To Settle Tax Disputes Under Vivad Se Vishwas 2024 Extended To April 30
- The last date to apply for the Direct Tax Vivad Se Vishwas Scheme, 2024 (VSV 2.0) has been extended to April 30.
- Under the scheme, individuals and companies can settle ongoing tax disputes by paying the disputed tax amount along with a specified percentage.
- Only tax disputes that were pending on or before July 22, 2024, are eligible under this scheme.
- Once the declaration is filed, the tax authority issues a certificate within 15 days and the case is closed.
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SiliconCanals
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Germany’s Clinomic secures €23M to help doctors make faster ICU decisions: Know more
- German company Clinomic has secured €23M in a Series B funding round to expand internationally and improve its AI and data capabilities in acute and intensive care medicine.
- Clinomic's AI-based platform, Mona, gathers and analyzes patient and operational data in real-time to assist ICU teams in their daily work.
- The company aims to address challenges in intensive care, such as staff shortages, information overload, and digitization gaps, by providing a modern, data-driven approach.
- Sana Kliniken AG, which manages 53 hospitals, has selected Clinomic's Mona platform for integration into its healthcare operations.
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Bloomberg Quint
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Google Pixel 9A To Arrive In India On April 16; Check Camera, Specs And Other Details
- Google has launched its latest mid-range smartphone, the Pixel 9A, which will arrive in India on April 16.
- The Pixel 9A is positioned between budget and premium offerings and comes with several key upgrades at an affordable price.
- Notable features of the Pixel 9A include strong integration with other Google products, a 6.3-inch OLED display, good battery life, and a 48 MP main camera.
- The phone offers a reliable performance for everyday use, but has limitations in low-light photography.
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Eu-Startups
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From Lacoste to Victoria Beckham – Faume raises €8 million for second-hand fashion market
- Faume, a second-hand platform for fashion and luxury brands, has raised €8 million in a funding round to expand in Europe.
- The round was led by Amundi Private Equity Transition Juste, along with existing investors Daphni and Bpifrance.
- Faume enables fashion brands to develop a new revenue stream through its white-label second-hand solution, supporting over 45 brands.
- The company plans to support 150 brands in the next four years and aims to launch its 'Dynamic Pricing' AI solution in 2025.
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