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Bloomberg Quint
1w
254
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RBI To Issue Comprehensive Norms On Gold Loans — 6 Key Measures Announced
- The Reserve Bank of India (RBI) has announced six key measures as part of its monetary policy, including issuing comprehensive guidelines on gold loans.
- The RBI will release the comprehensive regulations on prudential norms and conduct related aspects for gold loans.
- The RBI had previously advised lenders to review their policies, processes, and practices in granting loans against pledge of gold ornaments.
- In February, loans extended by banks against gold jewellery rose 87% year-on-year to Rs 1.91 lakh crore, making it the fastest growing loan book among banks.
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Bloomberg Quint
1w
133
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IIFL Finance To Muthoot: Gold Loan NBFC Stocks Fall After RBI Announces Fresh Norms
- Shares of gold loan NBFC companies, including IIFL Finance, Muthoot Finance, and Cholamandalam Financial Holdings, fell after RBI announced new prudential norms for gold loans.
- The new gold loan framework aims to harmonize rules across regulated entities, while considering their differing risk profiles, said the RBI.
- RBI also proposed fresh norms for non-fund based facilities to ensure regulatory uniformity and broaden funding avenues for infrastructure projects.
- Additionally, the RBI plans to enable securitization of stressed assets and expand the co-lending model to cover all loans and regulated entities.
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Bloomberg Quint
1w
252
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RBI MPC Meet: Nifty Bank Rebounds Before Slumping
- Nifty Bank falls from 0.33% to 0.94% lower after an initial rebound following RBI MPC meet.
- RBI Governor announces a 25 basis point rate cut during the meeting.
- Monetary Policy Committee changes stance from 'neutral' to 'accommodative'.
- Banking stocks resumed their downward trend, trading 0.94% lower after the recovery.
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Bloomberg Quint
1w
126
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Trump Tariffs: US Will Be Forced To Reverse Its 'Economic Vandalism', Says Ramesh Damani
- US investor Ramesh Damani believes the US will eventually have to reverse its tariff regime and has called it 'economic vandalism'. The so-called 'reciprocal tariffs' imposed by President Trump have shaken investor confidence worldwide, affecting Asian economies the most. Damani believes global economies will recalibrate and form new alliances and strategies. He remains bullish on India and other emerging markets, citing their strong domestic demand and the importance of domestic investors.
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Bloomberg Quint
1w
167
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KEI Industries' Capacity Expansion To Drive Growth, Says Motilal Oswal; Maintains 'Neutral' Rating
- KEI Industries is strengthening its manufacturing capabilities through capacity expansion.
- The company is focused on improving cost efficiency and supply security through backward integration.
- Motilal Oswal has cut its EPS estimates for KEI Industries due to concerns of growth and raw material cost volatility.
- Motilal Oswal maintains a 'Neutral' rating on KEI Industries' stock.
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Bloomberg Quint
1w
168
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Apple Users Alerted By Indian Government — Take These Steps Now
- India's cybersecurity agency, CERT-In, has issued a high-risk security advisory for Apple users.
- The advisory warns that Apple users should update their devices to avoid hacking or data theft.
- Several vulnerabilities have been identified in Apple's systems that could lead to unauthorized access, data damage, or theft.
- Apple has already released security patches, and users are advised to update their devices to ensure safety.
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Bloomberg Quint
1w
51
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RBI MPC Key Highlights: 25 Basis-Point Rate Cut, 'Accommodative' Stance, FY26 GDP Forecast And More
- Repo Rate Cut by 25 Basis Points: The RBI's Monetary Policy Committee (MPC) decided to cut the repo rate by 25 basis points, bringing it down to 6%.
- Stance Changed to Accommodative: The MPC has shifted its stance from 'neutral' to 'accommodative'.
- Growth Projection Cut for GDP: The RBI has revised its growth projection for real GDP in FY26 to 6.5%.
- Inflation Has Cooled Down: Headline inflation moderated during January and February.
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Bloomberg Quint
1w
401
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Motorola Edge 60 Stylus Launch Tipped – India May Get It This April
- Motorola is set to launch the Edge 60 Stylus smartphone in India on April 17.
- The standout feature of the Edge 60 Stylus is the built-in stylus, making it ideal for note-taking, document signing, and sketching.
- Rumored specs include a 6.7-inch pOLED display, Qualcomm Snapdragon 7s Gen 2 chipset, and a 50MP main camera.
- The expected price of the Motorola Edge 60 Stylus is around EUR 500 (approximately Rs 43,600).
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Bloomberg Quint
1w
122
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'Where's The Innovation?' — Hotmail Co-Founder Sabeer Bhatia Criticises Indian Engineers
- Hotmail co-founder Sabeer Bhatia criticises Indian engineers for lack of innovation, hands-on skills, and critical thinking.
- Bhatia questions the work ethic of Indian engineers who often move into management roles and neglect technical skills.
- He highlights the need for a change in the education system to focus on real product development and respect for software developers.
- Bhatia suggests digital learning tools as a solution and calls for reform in India's technical education system.
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Insider
1w
273
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Fintech startup Ryft just raised $7.3 million to help marketplaces split payments. Here's its pitch deck.
- UK fintech startup Ryft has raised $7.3 million in Series A funding to expand its payment-splitting platform into new markets.
- Ryft provides tools for marketplaces, booking apps, and food delivery services to manage multi-party payments for what the startup calls "commerce 2.0".
- The funding round was led by EdenBase and included participation from GPOS Investments, British Business Bank, and others.
- Ryft is planning expansion into the EU and the US, focusing on international growth, hiring, and launching omnichannel payments.
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Bloomberg Quint
1w
316
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UPI Transaction Limits: NPCI To Decide On Person-To-Merchant Payments Cap, Says RBI Chief
- The National Payments Corporation of India (NPCI) will be enabled to set the limit on person-to-merchant transactions via UPI.
- The limit on person-to-person UPI transactions will remain unchanged at Rs 1 lakh.
- NPCI will take the decision in consultation with banks and other shareholders.
- The current limit on person-to-merchant UPI transactions stands at Rs 2 lakh.
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19 Likes
Bloomberg Quint
1w
307
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Microsoft Revamps Windows 11 Start Menu: How The Bigger Layout Will Make Your Life Easier
- Microsoft is testing a redesigned Start menu for Windows 11 that offers a larger and more customisable layout, and the ability to turn off recommended feed.
- The updated version of the Start menu consolidates pinned apps, the all apps list, and optional recommendations onto a single scrollable screen.
- The new layout provides users more control over how the menu looks and functions, with expanded app pinning capabilities.
- The changes have been backported to the 23H2 versions of Windows 11, indicating a broader rollout is expected in the next few months.
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Bloomberg Quint
1w
166
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OnePlus 13T First Look: A Stunning Display You Can’t Miss
- OnePlus 13T: First look reveals a stunning display with curved corners and slim bezels, inviting comparisons with the upcoming iPhone 16 Pro.
- The upcoming OnePlus 13T is expected to feature a compact 6.31-inch OLED display, ultrasonic fingerprint scanner, and a Qualcomm Snapdragon 8 Elite chip.
- Other rumored features include a 6,000+ mAh battery, a smart button in place of the Alert Slider, and a camera setup with 50MP main lens and a 50MP telephoto lens with 2x zoom.
- The OnePlus 13T is described as a powerful and clean device with a sleek design, expected to be officially revealed soon.
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Bloomberg Quint
1w
5.6k
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Infosys, Coforge, Sagility Are Jefferies' Top IT Picks Amid Tariff Volatility
- Jefferies has picked Infosys Ltd., Coforge Ltd. and Sagility India Ltd. as its preferred IT stocks amid current volatility.
- US President Donald Trump's global tariff imposition is expected to hurt IT demand in the near term.
- The brokerage has cut its target price for IT stocks in the range of 5-35% and prefers stocks with higher growth visibility and limited de-rating risks.
- Tariff uncertainties are likely to impact manufacturing, logistics, and retail verticals the most, given their reliance on global supply chains.
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Bloomberg Quint
1w
2.9k
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EV Maker Ather Is Said To Consider Smaller IPO Amid Market Chaos
- Ather Energy Pvt. is considering cutting the size of its initial public offering by at least $50 million from an earlier target of about $400 million.
- The potential smaller size is because the Indian electric-vehicle maker’s existing investors are considering offering fewer shares in the sale.
- Ather is still planning to go ahead with the IPO in the coming weeks despite the fresh volatility in global stock markets.
- Considerations are ongoing and details of the offering could change.
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