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Bloomberg Quint
1w
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India's Tyre Industry To Regain Grip, Says CLSA Initiating Coverage
- India's tyre industry is turning the corner into a sweet spot driven by rising pricing discipline, product quality, and mix, according to CLSA.
- CLSA has initiated coverage on MRF Ltd. with a target of 1,28,599, Apollo Tyres Ltd. at a target price of Rs 566, and CEAT Ltd. with a target of Rs 3,493, all with 'outperform' ratings.
- The sector is expected to see a rebound in the margin cycle, as key raw material costs cool off by 10-20% and a shift in focus towards higher-margin passenger car radials is observed.
- Valuations in the industry are more sensitive to profitability and capex discipline than revenue growth, and the largely domestic nature of the industry shields it from global volatility and US tariff tremors.
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Bloomberg Quint
1w
194
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China Raises Tariffs On US To 125% And Says It Won’t Go Higher
- China will raise tariffs on all US goods from 84% to 125% with effect from April 12.
- China's Finance Ministry stated that further tariffs from the US on Chinese products will be ignored.
- The move comes after Trump hiked US levies on China.
- "Given that there is no longer any possibility of market acceptance for US goods exported to China under the current tariff levels, if the US side subsequently continues to impose tariffs on Chinese goods exported to the US, the Chinese side will pay no attention to it," according to the statement.
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Bloomberg Quint
1w
0
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Heard On The Street: Dealers Spot Action In Bajaj Finance, ICICI Prudential Life, ICICI Lombard, and Sai Life
- Dealers spot potential bonus issue announcement in Bajaj Finance.
- Sell flows expected for ICICI Prudential Life Insurance and ICICI Lombard ahead of weak Q4 results.
- Block deal anticipated in Sai Life Sciences and Medanta, with a large private equity investor potentially offloading stake.
- Strong buying interest observed in Ramky Infrastructure due to a potential significant order win.
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SiliconCanals
1w
270
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Dutch deep tech company BlueHeart Energy raises funds: Know more
- BlueHeart Energy, a Dutch deep tech company, has received a strategic investment from Copeland, a US-based climate solutions provider, for its Thermo Acoustic heat pump technology.
- The funding details have not been disclosed.
- BlueHeart's technology aims to support the reduction of global CO2 emissions by advancing the use of heat pumps and can potentially reduce at least 500 million tonnes of CO2 emissions by 2030.
- The investment from Copeland will help BlueHeart Energy in product advancement, manufacturing design, market expansion, and commercial readiness.
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Nonprofithub
1w
76
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[PODCAST] The Essential Guide to Financial Stewardship During Changing Times – Dayna Sear
- Nonprofits with impeccable financial stewardship practices are more likely to thrive during changing times.
- Compliance, transparency, and strategic financial management are crucial for nonprofit organizations.
- Creating a comprehensive inventory of funding sources and understanding spending restrictions is a good starting point for improving compliance.
- Visit smartgrantsolutions.com to learn how technology can simplify compliance and demonstrate clear return on investment.
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Bloomberg Quint
1w
109
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Special CBI Court Summons Hindalco, Senior Official, Ex-CEO In Decade-Old Coal Scam Case
- The Rouse Avenue Court of New Delhi has summoned Hindalco Industries Ltd and two officials to appear before the court on May 6.
- The summons have been issued in grave criminal charges, including criminal breach of trust and fraud.
- According to the CBI, the company continued its mining operations beyond the permitted mining plan and extracted around 4.8 million tonnes of coal.
- The court also observed allegations regarding the use of coal by Hindalco's existing plant.
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Bloomberg Quint
1w
251
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Why Anand Rathi Suggests Investing More In Current Market Conditions
- Anand Rathi suggests investors to invest more in the current market situation without fear.
- Empirical data shows that whenever markets fall, they recover and generate significant gains in the next years.
- Rathi advises investors to analyze growth opportunities of companies involved in international trade.
- Anand Rathi Wealth has witnessed a 30% increase in assets under management despite the challenging market conditions.
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SiliconCanals
1w
109
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Koppert Cress backs Amsterdam’s climate tech startup Skytree to cut CO2 emissions in horticulture
- Amsterdam-based climate tech startup Skytree has secured investment from Division Q, Koppert Cress' innovation arm.
- The investment is part of a larger Series A funding round that includes support from Horticoop, a cooperative of Dutch greenhouse growers.
- Skytree's Direct Air Capture system will be integrated into Koppert Cress' greenhouses to supply CO2 sustainably, aligning with their goal of moving away from fossil fuels.
- The partnership aims to promote a sustainable approach to horticulture and improve communication between the industry and DAC technology providers.
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Bloomberg Quint
1w
164
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IMD Issues Heatwave And Heavy Rainfall Alert For These States Across India Till April 23
- The India Meteorological Department (IMD) has issued heatwave and heavy rainfall alerts for several states across India until April 23.
- Scattered to widespread, moderate rainfall is expected in several states over the next seven days.
- A low-pressure area in the west-central Bay of Bengal and upper cyclonic circulations over various regions will bring rainfall to different parts of the country.
- Heatwave conditions are predicted in Rajasthan, south Haryana, Gujarat, and Madhya Pradesh.
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TechBullion
1w
317
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Stratasys Secures $120M Investment from Fortissimo Capital
- Stratasys secures a $120 million strategic investment from Fortissimo Capital.
- The investment grants Fortissimo about 14 percent of Stratasys' issued and outstanding ordinary shares.
- Yuval Cohen, Founding and Managing Partner of Fortissimo, joins the Stratasys Board of Directors.
- Stratasys partners with trinckle 3D GmbH to integrate FixtureMate software into GrabCAD Print Pro for easier custom fixture creation.
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Bloomberg Quint
1w
329
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OnePlus Watch 3 Launches At $499, $170 More Than Promised; Are Trump Tariffs The Reason?
- OnePlus has launched the Watch 3 at $499 (around Rs 43,000), $170 higher than the initially announced price.
- Speculations suggest that the price hike may be due to US import tariffs, particularly targeting Chinese-made products.
- The delay in the Watch 3 release was caused by a production flaw, pushing the launch back a few months.
- OnePlus fans are required to pay significantly more for the product without any official explanation for the price increase.
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Bloomberg Quint
1w
122
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Oppo Find X8 Ultra Launches With Dual 50MP Zoom Lenses And New Design
- Oppo has unveiled its 2025 flagship, the Find X8 Ultra, featuring a new design, Snapdragon 8 Elite chipset and dual 50MP periscope zoom cameras.
- The Find X8 Ultra is just 8.78mm thin and meets IP68 and IP69 standards for superior protection.
- It features a 6.82-inch LTPO OLED display with 10-bit color and a 120Hz adaptive refresh rate.
- The device is powered by Snapdragon 8 Elite chipset, has a 6,100mAh battery, and supports 100W wired SUPERVOOC charging.
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TechCrunch
1w
344
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Leaders from Accel and Paladin Capital Group join the stage at StrictlyVC London in May
- StrictlyVC London is scheduled for May 13 and is an exclusive gathering designed for founders, entrepreneurs, and investors.
- The first confirmed speakers for the event are Nazo Moosa, Managing Director of Paladin Capital Group, and Sonali De Rycker, Partner of Accel.
- Nazo Moosa has a 20-year track record in enterprise software and cybersecurity investments and serves on various public and private boards.
- Sonali De Rycker focuses on consumer internet, fintech, and software companies, and has led significant investments in companies like Spotify, Letgo, and Avito.
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Bloomberg Quint
1w
160
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Six Stocks In News At Noon: TCS, Tata Steel, Zomato, Among Others
- TCS's share price declined 1.11% as the company's net profit for the January–March quarter of fiscal 2025 fell 1.26%.
- Tata Steel's share price rose nearly 6% as the company's Netherlands subsidiary announced transformation programmes.
- Zomato's share price jumped 3.32% following the announcement of liquidation of its inactive Netherlands subsidiary.
- Other stocks in the news include NBCC India Ltd., whose shares rose 3.67% after selling residential units worth Rs 1,504.7 crore, and Hindalco Industries Ltd., whose share price rose 6.5% as the Nifty Metal index surged.
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Bloomberg Quint
1w
193
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OpenAI Launches Improved Memory Feature In ChatGPT: Available For Pro Users Now
- OpenAI has launched an improved memory feature in ChatGPT.
- The memory feature allows ChatGPT to reference past conversations for a more personalized experience.
- The feature is currently available for ChatGPT Pro users and will be extended to Plus users in the future.
- The memory feature is not accessible in some regions yet, and users can opt out of using it if they prefer.
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