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Bloomberg Quint
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Metals Q4 Results Preview: Tariffs To Test Sector’s Mettle, Says ICICI Securities, APL Apollo Among Top Picks
- For Q4 FY25, ICICI Securities believes that four stocks are likely to be in focus with better earnings growth compared to peers on margin revival.
- Investors are looking beyond Q4 FY25, as tariffs take the limelight. ICICI Securities believe, companies with business models focused on the local market – Shyam Metalics, APL Apollo and JSW Steel – should fare better.
- While its medium-term view on non-ferrous is positive, the stocks may relatively fall short – owing to their higher linkage to the global trade and LME prices.
- ICICI Securities predicts that tariffs will test the mettle of the metals sector, and suggests APL Apollo as one of the top picks.
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Eu-Startups
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Sekoia.io secures €26 million to democratise threat detection with AI and cyber intelligence
- Rennes-based cybersecurity startup Sekoia.io raised €26 million in Series B funding, bringing the total fundraising to €60 million.
- The funding round was led by Revaia, with participation from UNEXO, Bright Pixel Capital, Omnes Capital, and Bpifrance.
- Sekoia.io aims to protect organizations from cyber threats by providing high-performance detection technology and automated response.
- The company plans to invest in technological development, expand international activities, and recruit service partners to boost their managed security offerings.
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Bloomberg Quint
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149
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Mumbaikars To Get Relief From Heat, Humidity From April 10: IMD Shares Update For The City
- Mumbaikars are expected to get relief from heat and humidity starting from April 10, according to IMD forecast.
- Coastal districts of Maharashtra, including Mumbai, will experience dry weather until April 13.
- Maximum temperature in Mumbai on Tuesday was recorded at 34.6°C, higher than normal.
- The temperature in Mumbai is expected to range from 22°C to 34°C in the next few days.
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Bloomberg Quint
1w
12
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Gold And Other Haven Assets Are Faltering Just When World Needs Them The Most
- Investors are looking to alternative assets such as German bunds, the yen, and the Swiss franc for protection.
- A lackluster run for haven assets during one of the most acute market selloffs in years has left investors seeking new forms of protection.
- The selloff in Treasuries has been the most glaring example of the loss of confidence in the once-coveted haven assets this time around.
- The yen has also gained against the dollar this week, although it’s still in a nascent recovery from a multi-year slump caused by a wide US-Japan interest rate gap and the Asian country’s own economic woes.
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Bloomberg Quint
1w
401
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iPhone 17 Pro, Pro Max Can Get This Major Camera Upgrade That Content Producers Will Love
- The upcoming iPhone 17 Pro models may feature a major camera upgrade with dual video recording.
- Content producers on platforms like YouTube and TikTok would benefit from this feature, as it allows for simultaneous use of front and rear cameras.
- The iPhone 17 Pro variants are also rumored to have a revamped camera array, but the previously speculated dual-toned design may not be realized.
- The claim of the dual-recording feature should be taken with caution, as there have been past controversies surrounding the source.
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Bloomberg Quint
1w
281
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Cabinet Approves Rs 1,332-Crore Railway Line In Tamil Nadu, Andhra Pradesh
- The Union Cabinet has approved a Rs 1,332-crore railway line project in Tamil Nadu and Andhra Pradesh.
- The project involves the doubling of Tirupati–Pakala–Katpadi single railway line section, covering about 104 km.
- This railway line project will enhance connectivity to approximately 400 villages and iconic places in the region.
- The Cabinet also approved a Rs 1,600-crore sub-scheme for modernization of irrigation facilities.
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Bloomberg Quint
1w
115
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SBI Revises ATM Transaction Rules: How Will It Impact You?
- SBI has revised its ATM transaction rules, effective May 1.
- All SBI savings account holders will get 5 free transactions at SBI ATMs and 10 free transactions at other bank ATMs per month.
- Charges for exceeding the free limit are Rs 15 + GST per transaction at SBI ATMs and Rs 21 + GST per transaction at other bank ATMs.
- To avoid additional charges, customers are encouraged to plan cash withdrawals within the free transaction limits or consider using digital banking alternatives.
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Bloomberg Quint
1w
102
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Heard On The Street: Dealers Spot Action In Varun Beverages, Aarti, BSE, Muthoot, Divi’s, GMR
- Foreign institutional investors were active buyers in Varun Beverages Ltd. Dealers said the perceived threat from Campa Cola has softened, with expectations of limited impact on the company’s market share.
- Large high net-worth investors were seen accumulating Aarti Industries Ltd. shares. Dealers cited optimism around upcoming earnings and minimal exposure to sectors likely to be hit by Trump’s tariff push.
- Domestic institutional desks were active buyers in BSE Ltd. Volumes held steady despite broader market volatility, which dealers believe reflects steady retail participation on the exchange.
- Positional buy trades were spotted from large high net worth individuals in Muthoot Finance Ltd. Dealers noted that the RBI’s draft proposals on gold loans are likely to have a limited adverse impact on the company.
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Bloomberg Quint
1w
42
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Trump Tariff War: Oil Prices May Even Touch $40 Per Barrel In Worst Scenario, Warn Experts
- Experts warn that in an extreme scenario, oil prices could trade between $40 and $50 per barrel due to Trump's tariffs and concerns of a global slowdown.
- The recent plunge in oil prices is mainly driven by US President Donald Trump's tariffs and concerns of a global slowdown.
- If a trade war flares up, global oil supply increases, and there is a slowdown or recession, oil prices could fall below $50, or even $40 per barrel, say experts.
- Goldman Sachs notes that in a less likely scenario with both a global GDP slowdown and a full unwinding of OPEC+ supply cuts, brent oil prices could fall to just under $40/barrel in late 2026.
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Bloomberg Quint
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345
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Rafale Boost: After Air Force, Indian Navy Set To Get 26 French Fighter Jets Worth Rs 63,000 Crore
- India is set to add 26 Rafale Marine fighter jets to its Navy, taking the total fleet size of Rafale fighter jets to 62.
- The deal with the French government costs Rs 63,000 crore and will be signed later this month during the visit of the French Defence Minister Sébastien Lecornu to India.
- The delivery of the fighter jets will take place five years after the deal is signed.
- The addition of these 26 Rafale Marine jets will strengthen India's maritime capabilities and complement the existing MiG 29Ks operating from INS Vikramaditya.
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SiliconCanals
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255
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Utrecht-based NOWOS bags €6M to extend battery life and reduce material waste: Here’s how
- Utrecht-based battery repair specialist NOWOS has raised €6M in an equity funding round led by Impact Venture Fund Shift4Good.
- The funding will be used to expand into additional sectors, open new repair hubs in Poland and Germany, and develop a Battery Passport system.
- NOWOS specializes in repairing and reusing lithium-ion batteries, with a focus on micro-mobility vehicles like e-bikes and e-scooters.
- The company currently operates in the Netherlands, France, and the UK.
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Bloomberg Quint
1w
243
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RBI More Concerned About Tariff Impact On Growth Than Inflation, Says Governor Malhotra
- The Reserve Bank of India is more concerned about the potential impact of US-led tariffs on economic growth than on inflation, according to Governor Sanjay Malhotra.
- The 20-basis point reduction in India's growth forecast reflects the cautious outlook amid the evolving global trade scenario.
- Global growth estimates have been revised downward due to escalating tariffs, and the growth impact remains a greater concern for India.
- To support economic activity, the RBI has cut interest rates for the second consecutive time and shifted its monetary stance to 'accommodative'.
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Bloomberg Quint
1w
89
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RBI's Interest Rate Cuts Raise Homebuyers' Hopes, But Banks Hold Key
- The RBI's consecutive repo rate cuts have renewed hopes in the residential real estate market, but the key lies in whether banks pass on the benefits to borrowers.
- The rate cut is seen as a bold move to drive economic revival in the face of global economic uncertainties and a slowdown in domestic real estate sales.
- The rate cut could potentially boost homebuyer sentiment and affordability, leading to a turnaround in the residential real estate sector.
- Despite the rate cut, many home loan borrowers may not experience immediate relief due to banks' cautious approach.
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Mettisglobal
1w
55
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Alvarez & Marsal eyes Pakistan expansion to boost privatization
- Alvarez & Marsal is considering opening an office in Pakistan to support government privatization efforts and attract global investors.
- During a meeting with the Federal Minister for Finance and Revenue, Alvarez & Marsal expressed a strong commitment to investing in Pakistan's growing market.
- The government expressed appreciation for Alvarez & Marsal's expertise in privatization and their potential contribution to unlocking investment opportunities.
- The government aims to bolster trade, investment, and tourism in Pakistan and sees the partnership with Alvarez & Marsal as a way to achieve this.
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Bloomberg Quint
1w
166
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FM Nirmala Sitharaman Chairs India-UK Investor Roundtable In London
- Finance Minister Nirmala Sitharaman has chaired an India-UK Investor Roundtable in London, attracting around 60 UK investors representing various pension funds, insurance companies, banks, and other financial institutions.
- The meeting outlined the priorities of the government for enabling sustained economic growth and investment opportunities, with the policy support that is shaping 'New India'.
- Sitharaman highlighted the efforts being made by the ministry to pursue process and governance reforms to reduce compliance burden and ease regulation for facilitating an enabling environment for business and investments.
- Sitharaman informed the investors about India's growth potential in the insurance market, the adoption of T+1 settlement in the securities market, the value of the Indian market capitalization, and the significance of the GIFT-IFSC as an offshore zone.
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