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Bloomberg Quint

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Punjab National Bank Revises Repo-Linked Lending Rate To 8.85%

Punjab National Bank has revised its repo-linked lending rate to 8.85% from 9.10%.
The revision will come into effect from April 10.
The existing marginal cost of funds-based lending rate and base rate remain unchanged.
The announcement follows the RBI's Monetary Policy Committee slashing the benchmark lending rate by 25 basis points to 6%.

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Bloomberg Quint

328

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Former Reliance Brands CEO Darshan Mehta Dies At 63

Darshan Mehta, former chief executive officer of Reliance Brands Ltd., died at the age of 63.
Mehta's vision brought global icons to Indian shelves and his leadership shaped an entire industry.
Multiple media reports claimed that his death occurred while he was working out on a treadmill at Taj Hyderabad.
Mehta was a qualified chartered accountant and cost and works accountant, with a successful career in the marketing and retail industry.

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Bloomberg Quint

255

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Trump Tariffs: Carpets, Handicrafts Exporters Demand Relief

Exporters from India's carpets and handicrafts industries have demanded the Union government's intervention to shield them from the impact of US President Donald Trump's reciprocal tariffs.
The government assured the exporters that it will work to provide a conducive environment to enable them to successfully navigate the recent changes in the global trade environment.
The exporters requested a three-month pause on tariffs for shipments that are ready or in customs. They also sought a relief package from the government.
The Indian government indicated that it is not looking at protectionism but focusing on self-reliance and the Interest Equalisation Scheme to support all exporters.

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The Robot Report

289

BRINC raises $75M in funding for emergency response drones

BRINC Drones Inc. has raised $75 million in funding to accelerate the development and production of its emergency-response drones.
The funding will enable BRINC to meet increasing demand from public safety agencies, advance research and development for next-generation drone technology, and expand its workforce.
Index Ventures led the funding round, with participation from Motorola Solutions, Mike Volpi, and Dylan Field.
A strategic partnership with Motorola Solutions will integrate BRINC's drones with Motorola's public-safety infrastructure.

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Bloomberg Quint

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Samsung Electronics' Home AI Companion Robot 'Ballie' To Run On Google Cloud's AI

Samsung Electronics' Home AI Companion Robot 'Ballie' will run on Google Cloud's AI.
Ballie's primary function is to provide home-related convenience such as security, cleaning, making calls, and entertainment.
The robot will use Google Cloud's AI to answer questions, respond to commands, and provide suggestions.
Ballie uses multimodal capabilities and Samsung language models to adapt its behaviors and responses in real-time.

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Medium

123

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The Valuation Mirage: Why Most Startups Get It Wrong Before They Even Raise?

Confusing valuation with vision is a common mistake made by many startup founders.
Over 50% of unicorn valuations are inflated due to investor-favored terms, not real business metrics.
Founders need to focus on investor-ready models that speak the language of forecasts, assumptions, and margin trajectories.
Overvaluation can have severe consequences and lead to the collapse of a company, as seen in the case of Byju's.

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Bloomberg Quint

400

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Trump Tariffs: Interest Equalisation Scheme Likely To Be Brought Back In Relief For Exporters

The Union government is considering a relaunch of the Interest Equalisation Scheme, which is likely to be brought back within April, providing potential relief to exporters amid the reciprocal tariffs imposed by US President Donald Trump.
Exporters have demanded export credit guarantee coverage for shipments headed to newer geographies due to the diversification of exports.
The relaunch of the Interest Equalisation Scheme is expected to support exporters and help mitigate the impact of Trump's tariffs.
The decision to relaunch the scheme follows a meeting between Commerce Minister Piyush Goyal and exporters.

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Bloomberg Quint

140

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Vodafone Idea’s Debt In Q3 FY25 Rises By 7% To Rs 2.17 Lakh Crore

Vodafone Idea Ltd. reported a 7% increase in debt to Rs 2.17 lakh crore in Q3 FY25.
The telecom company's total debt for the same period in FY24 was Rs 2.03 lakh crore.
Payment obligations towards the government account for nearly Rs 2.15 lakh crore of the total debt in Q3 FY25.
Debt from banks and financial institutions has reduced by Rs 10,700 crore over the last 2 years.

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Bloomberg Quint

370

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IndiGo Briefly Becomes World's Most Valuable Airline By Market Cap Before Slipping To Second Spot Again

IndiGo briefly became the world's largest airline in terms of market capitalisation on Wednesday, but slipped again to the second spot as the stock of US-based Delta Air Lines Inc. soared after the Wall Street opened.
Earlier on Wednesday, IndiGo's parent entity InterGlobe Aviation Ltd., with a $23.15 billion market cap, had become the largest among its international peers.
The first position was reclaimed by Delta Air Lines, whose market cap surged to $24.42 billion after the US markets opened, as per Bloomberg data.
Delta Airlines' stock surged over 9% in trade on Wednesday, and the company was also the top gainer in the S&P 500 index. This led to the company regaining its leading position among the other airlines.

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Eu-Startups

153

TransFICC secures €22.5 million for low-latency connectivity and workflow services in etrading

TransFICC raises €22.5 million in Series B investment for low-latency connectivity and workflow services in e-trading.
The funding round was led by Citadel Securities and BlackFin Tech.
TransFICC has raised a total of €45.2 million to date.
The company provides trading technology for Fixed Income and Derivatives markets, offering unified API to streamline electronic trading.

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Bloomberg Quint

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NBCC Sells Residential Units In Greater Noida For Rs 1,505 Crore

NBCC India Ltd. has sold multiple residential units in Greater Noida through an e auction for a total sale value of Rs 1,504.7 crore.
The company sold 1,185 residential units at Aspire Dream Valley, Phase-III.
NBCC will also receive a marketing fee equivalent to 1% of the sale value.
Shares of NBCC closed 4.74% higher at Rs 87.01 apiece on the NSE.

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Bloomberg Quint

261

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Pune RTO Targets 17 Ola Electric Stores In City, Despite Clarification To Maharashtra Government

Pune RTO has issued notice to 17 Ola Electric stores for selling new vehicles without permission.
Ola Electric had clarified to the Maharashtra government that they are in the process of applying for trade certificates.
The action by the RTO follows the lack of relevant licenses and approvals at Ola Electric stores.
Ola Electric currently operates 488 sales-and-service touchpoints in Maharashtra.

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Bloomberg Quint

455

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Buy, Sell Or Hold: HAL, L&T, Asian Paints, Varun Beverages, Suzlon Energy — Ask Profit

Analysts Lancelot D'Cunha and Gaurav Sharma shared insights on various stocks on NDTV Profit's Ask Profit show.
For Bajaj Housing Finance, both analysts recommend buying the stock due to falling interest rates and limited downside.
Asian Paints is advised to be held for three to five years as it faces competition and challenges in the paints market.
For Varun Beverages, Gaurav Sharma suggests buying and expects it to reach Rs 600-660 levels in the near term.

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Bloomberg Quint

326

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Cement Q4 Results Preview: Poised For A Demand-Led Resurgence, Says Systematix; Ambuja Cements Among Top Picks

Cement industry showing signs of recovery after a sluggish H1.
Ultratech, Ambuja, and ACC expected to report double-digit volume growth.
Cement demand picking up in Q3 after months of lull.
DRChoksey expects volume growth for companies to be in the range of 8-9%.

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Bloomberg Quint

192

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Amazon Cancels Some Inventory Orders From China After Tariffs

Amazon.com Inc. has canceled orders for multiple products made in China and other Asian countries, reducing its exposure to tariffs imposed by President Donald Trump.
The orders for beach chairs, scooters, air conditioners and other merchandise from multiple Amazon vendors were halted after Trump’s April 2 announcement.
It’s unclear how widespread the cancellations are and how many types of merchandise they affect.
Canceling those orders puts the tariff exposure back on vendors if they import merchandise to the US by other means.

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