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Bloomberg Quint
11h
3
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RBI Governor Says Regulatory Framework Will Balance Financial Stability, Efficiency
- Reserve Bank of India Governor, Sanjay Malhotra, emphasized the commitment to bolster consumer protection while optimizing regulatory frameworks to balance financial stability and efficiency.
- The RBI is devoted to expanding and enhancing financial inclusion, fostering a culture of continuous improvement in customer services and strengthening consumer protection.
- The RBI will continue to collaborate effectively with stakeholders, governments, and financial sector regulators.
- RBI remains fully prepared to contribute actively and vigorously to India's economic progress.
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Bloomberg Quint
11h
129
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Mahindra & Mahindra's Tractor Sales Rise 34% In March
- Mahindra & Mahindra's tractor sales recorded a year-on-year growth of 34% in March, with domestic sales reaching 32,582 units.
- Export sales for the same period were recorded at 2,352 units.
- The company attributes the growth to favorable weather conditions, good reservoir levels, and a positive outlook for the rabi crop harvest.
- Mahindra & Mahindra achieved its highest ever tractor sales in FY25 with a growth of 12%.
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Analyticsindiamag
11h
100
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Chef Robotics Raises $43M in Series A for Robotic Food Assembly
- San Francisco-based automation company, Chef Robotics, has raised $43.1 million in a Series A funding round.
- Avataar Ventures led the equity round, with participation from various investors.
- The funding will be used to scale the company's AI-enabled robotic systems for meal assembly.
- Chef Robotics plans to expand its presence in the UK market.
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Bloomberg Quint
11h
161
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Transrail Lighting Shares Rise On Rs 240-Crore Order Win
- Transrail Lighting Ltd. has won an order worth Rs 240 crore for the construction of a transmission line in the international market.
- Transrail Lighting received order inflow of Rs 9,400 crore in the last fiscal, which is more than double the previous year.
- The company also secured new orders worth Rs 1,647 crore in power transmission and distribution, and railway sectors.
- Shares of Transrail Lighting rose 6.89% on the news and traded at Rs 486.10 apiece.
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Bloomberg Quint
11h
327
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IndiGo Offering Affordable Tickets But Cost Needs To Be Factored, Says CEO Pieter Elbers
- Ticket prices should be a reflection of cost levels, CEO Pieter Elbers said.
- IndiGo's CEO emphasizes maintaining cost leadership as the most important business factor.
- IndiGo offers affordable rates and aims to expand its foundation value of affordability.
- India's average airfare levels are competitive and lower compared to the global market.
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SiliconCanals
12h
212
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Alphabet spinout Isomorphic Labs secures €555.4M to further transform drug discovery with AI
- London-based Isomorphic Labs has raised $600M in its first external funding round led by Thrive Capital and with participation from GV and Alphabet.
- Isomorphic Labs, founded by Sir Demis Hassabis, uses AI to transform the drug design process and has developed advanced AI models for comprehensive drug design.
- The company, a spin-off of Google DeepMind, utilizes DeepMind's AI software, including AlphaFold, in its drug discovery process.
- The funding will be used to advance AI research and development, expand the team, and further develop the next-generation AI drug design engine.
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Bloomberg Quint
12h
202
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Centre To Raise Auto-Settlement Limit For PF Withdrawals To Rs 5 Lakh: Report
- The government is set to ease the Provident Fund (PF) withdrawal process by increasing the auto-settlement limit from Rs 1 lakh to Rs 5 lakh.
- EPFO's auto-settlement mode for claim processing was introduced in April 2020 for medical emergencies.
- EPFO members will be able to withdraw up to Rs 5 lakh through the auto-settlement system.
- EPFO’s auto-settlement system has seen significant growth with a record 2.16 crore auto-claims processed as of Mar. 6, 2025, compared to 89.52 lakh claims in 2023-24.
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Bloomberg Quint
12h
318
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United Spirits, United Breweries, Marico Are Nuvama's Top Consumer Picks This Summer — Here's Why
- United Spirits, United Breweries, Marico Are Nuvama's Top Consumer Picks This Summer
- Nuvama spots a trend of consumers choosing premium products in beer, spirits, and personal care
- Sales of cola, beverages, talcum powder, and ice creams expected to increase in the upcoming summer season
- Rural demand showing a gradual recovery, while urban areas face challenges due to low wage growth and high costs
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Bloomberg Quint
12h
25
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Citi Sees Low Risk Of US Tariffs On Indian Pharma; Prefers Torrent Pharma, Divi's
- Citi has assigned a low probability to the scenario of the US imposing tariffs on Indian pharmaceuticals, with companies having lower exposure to US generics being the least affected.
- Companies with high exposure to US generics, including Zydus, Dr. Reddy's Laboratories (DRL), and Aurobindo Pharma, could face a 9-12% Ebitda hit.
- However, companies like Torrent Pharma, Sun Pharma, and Divi's Laboratories, with lower exposure to US generics, would be the least affected, with an estimated 1-3% hit to Ebitda.
- Citi believes the probability of tariffs on Indian generics is low, citing limited manufacturing of generics in the US and the high dependence on Indian generics.
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Eu-Startups
12h
340
WeeFin announces a new €25 million financing round for sustainability compliance
- Paris-based FinTech startup WeeFin has secured €25 million in a new financing round to enhance their sustainability compliance solutions.
- The funding round was led by BlackFin Capital Partners and included existing investors IRIS, Asterion Ventures, and Ring Capital.
- WeeFin offers a SaaS platform that helps financial institutions manage their sustainability strategies, covering aspects such as ESG, impact, and climate.
- The company plans to use the investment to optimize existing functionalities, launch new modules, and expand its presence in Europe through a London office.
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Bloomberg Quint
12h
3
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SBI Clerk Mains Admit Card 2025 To Be Released Soon: How To Download Exam Hall Ticket
- The admit cards for the SBI Clerk Mains examination 2025 are expected to be released on April 1.
- The exam is scheduled to be held on April 10 and April 12, and the admit cards will be available in the 'careers' section of the bank's website.
- The exam will be conducted in two phases with a total of 190 questions for 200 marks, and the total time allotted will be 2 hours 40 minutes.
- To download the SBI Clerk Mains Exam 2025 admit card, candidates can visit the official SBI website and follow the given steps.
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Bloomberg Quint
12h
141
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'Buy' Birla Corp. Maintains HDFC Securities, Target Rs 1490
- HDFC Securities maintains a 'Buy' recommendation for Birla Corp.
- The target price is set at Rs 1490 per share.
- Birla Corp's brownfield SGU expansion in Kundanganj is on track and expected to be operational by the end of Q1 FY26.
- The company plans to expand its cement capacity to 25 mmt by 2027.
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Global Fintech Series
13h
86
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AI-Powered Ask Ascend Accelerates Client Tech Integrations
- Ask Ascend is an AI-powered assistant designed to provide quick and accurate answers to technical and operational questions for clients integrating with Apex Ascend.
- Built on Google Cloud's Vertex AI platform, Ask Ascend offers enterprise-level reliability, security, and scalability for accelerated integrations.
- Features include support for Apex Ascend integration, security measures, debugging capabilities, and a broad query range to aid developers and operations professionals.
- Ask Ascend is integrated within workflows and supports global client queries throughout regions like North America, Asia, Africa, and more.
- The AI-powered tool eliminates delays by providing immediate answers, removing the need to wait for subject matter experts to address critical questions.
- Apex Fintech Solutions aims to improve client onboarding with Ask Ascend, even providing access in the sandbox environment before contracts are signed.
- Apex Clearing Corporation, a subsidiary of Apex Fintech Solutions, offers securities products and services to clients across multiple states and territories.
- By leveraging AI technology, Apex empowers clients to accelerate integration processes, ensure security and compliance, and streamline technical troubleshooting.
- The client-centric AI platform assists developers and operations professionals in navigating technical queries and integration processes efficiently.
- Ask Ascend serves as a robust support system, aiding users in accessing API specifications, sample code, and other technical resources with ease.
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Analyticsindiamag
13h
257
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US-Based Agility Robotics to Raise $400 Million, SoftBank to Participate
- Agility Robotics, an Oregon-based robotics company, is raising $400 million at a pre-investment valuation of $1.75 billion.
- SoftBank is slated to participate in the fundraising, reflecting the growing interest in robotics due to advancements in AI.
- Agility Robotics aims to unveil a robot safe enough to work alongside people by early 2027.
- The company has recently announced new features in their humanoid robot Digit, including expanded battery capabilities and new safety features.
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Bloomberg Quint
13h
257
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Sensex, Nifty Crash 1.5%: Five Reasons Why Markets Are Falling Today
- Nifty 50 and Sensex fell by 1.47% and 1.72%, respectively.
- Market volatility is influenced by uncertainty over US tariffs and its impact on the global trade.
- IT stocks have been affected, with Nifty IT index down by nearly 3%.
- Private banking and financial stocks also declined, with HDFC Bank as the worst performer.
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