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Silicon
13h
181
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Microsoft Shutters Shanghai Lab In Latest China Pullback
- Microsoft has closed its Internet of Things (IoT) and AI lab in Shanghai, China.
- The lab, called IoT & AI Insider Lab, was aimed at promoting domestic development of IoT and AI technologies.
- The lab, which was created in May 2019, closed earlier this year, with the logo removed and equipment cleared out.
- Last year, Microsoft reduced its presence in China, offering relocation options to staff and closing all authorized retail stores.
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Economic Times
13h
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Tvaster Genkalp secures $1.25 million from Ideaspring Capital
- Tvaster Genkalp, a molecular diagnostics firm, has secured $1.25 million in a pre-series A funding round led by Ideaspring Capital.
- The funding will be used to accelerate the expansion and commercialization of Episcreen Liver, a methylation-based liquid biopsy test for early liver cancer detection.
- Tvaster aims to provide a non-invasive and highly accurate diagnostic alternative for Hepatocellular Carcinoma (HCC), the most common form of liver cancer.
- The company is also working on developing a test for Cholangiocarcinoma and a chemotherapy resistance test for pediatric hepatoblastoma.
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SiliconCanals
13h
206
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Finland’s Fiberdom secures €3.5M to transform market pulp and paperboard into plastic-free supermaterial
- Finland-based company Fiberdom has secured €3.5M in funding to transform market pulp and paperboard into a plastic-free supermaterial.
- The funding will be used to invest in research and development, further commercialize the technology, and strengthen core resources.
- Fiberdom's patented process converts wood fibers into a durable, plastic-free, recyclable, and home-compostable supermaterial.
- The company has commercialized its first application in the form of single-use cutlery and aims to transform various product categories through strategic partnerships.
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Bloomberg Quint
13h
171
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RBI Will Be ‘Agile, Flexible’ To Boost Growth, Says Governor Sanjay Malhotra
- India’s central bank Governor Sanjay Malhotra stated that the Reserve Bank of India will be 'proactive, agile and flexible' to bolster growth in the country.
- Malhotra emphasized the need for pragmatic and visionary policymaking to drive India's growth.
- The RBI will continue its efforts to support economic growth, according to the governor.
- The central bank will work with financial institutions to enhance access to credit and leverage data and advanced technology to accelerate lending.
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Bloomberg Quint
13h
265
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How To Check Identixweb Allotment Status Online — Check Latest GMP
- The latest grey market premium on the shares for Identixweb IPO stood at Rs 8, indicating a listing gain of around 15%.
- The allotment of shares in the initial public offering of Identixweb Ltd. is set to be finalized on Tuesday, April 1.
- Shares of Identixweb are expected to be listed on the BSE SME platform on April 3.
- Investors who participated in the bidding process can check the allotment status online via the official websites of BSE and the issue's registrar, Skyline Financial Services Ltd.
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Bloomberg Quint
13h
76
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KFC, McDonald's Are Goldman Sachs Top Picks As Demand Set To Pick Up In 2026
- The quick service restaurant sector may see a slowdown in demand in the fourth quarter of fiscal 2025, but recovery is expected in the first half of fiscal 2026, according to Goldman Sachs.
- Sapphire Foods India Ltd. and Devyani International Ltd.— both KFC franchisees — are among the brokerage's top picks due to long-term growth potential for KFC in India and limited competition in the fried chicken segment.
- Goldman Sachs expects that most QSR companies will experience a slowdown in same-store sales growth in the fourth quarter of FY25.
- The recently announced income tax cuts will benefit QSR companies by increasing disposable incomes and accelerating the recovery of the sector, according to Goldman Sachs.
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Bloomberg Quint
13h
61
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Japan’s 'Megaquake' Warning: Once-In-A-Century Quake May Cause 3 Lakh Deaths
- About 3,00,000 people could die in the event of a potential 'mega' earthquake in Japan.
- The potential earthquake, known as a 'megaquake', could cause $1.81 trillion damage to Japan's economy.
- The megaquake is expected to occur along the Nankai Trough, a seismically active area for the country.
- The government estimates an 80% chance of a magnitude 8 to 9 earthquake along the Nankai Trough.
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Bloomberg Quint
13h
141
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Impact Of Reciprocal Tariffs On India To Be Minimal — Read Motilal Oswal's Analysis
- India's US exports of 1.1% of GDP to be the most vulnerable, adds Motilal Oswal.
- India's top exported items to the US are electronics, gems and jewelry, pharma products, machinery for nuclear reactors, and refined petroleum products.
- The Trump administration introduced the Reciprocal Tariff Plan, allowing the US to raise tariffs on countries with a trade deficit.
- The first set of reciprocal tariffs is expected on April 2, 2025.
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Bloomberg Quint
14h
221
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Morgan Stanley Warns Against Buying Dips In Indian IT Services
- Morgan Stanley advises against buying dips in Indian IT services stocks due to challenging macroeconomic environment and potential delays in decision-making that could impact revenue growth.
- Most large-cap IT companies are expected to show weak fourth-quarter trends, with quarter-on-quarter growth ranging from -0.9% to +0.4% in constant currency terms.
- Morgan Stanley's outlook suggests a cautious approach to Indian IT services stocks, emphasizing the need for careful consideration of macroeconomic factors and company-specific risks.
- Morgan Stanley prefers Tata Consultancy Services (TCS) over Infosys due to TCS's downside support from its dividend yield.
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Bloomberg Quint
14h
54
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Karur Vysya Bank Can Rally 44%, Says ICICI Securities, Maintains 'Buy' — Here's Why
- Karur Vysya Bank can rally 44%, says ICICI Securities, maintains 'Buy'
- Despite factoring in NIM moderation, Karur Vysya’s RoA/RoE may exhibit resilience and outpace peers.
- The brokerage expects Karur Vysya Bank to retain its leadership on RoA/RoE among mid-cap banks.
- Karur Vysya Bank has built strong resilience in growth, opex, and asset quality.
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Bloomberg Quint
14h
320
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Raymond Inks Joint Venture To Develop Rs 5,000-Crore Housing Project In Mumbai
- Raymond's step-down subsidiary has signed a joint development agreement for a Rs 5,000 crore housing project in Mumbai's Wadala.
- The project is estimated to have a gross development value of approximately Rs 5,000 crore.
- Raymond did not disclose the name of the partner landowner in the joint venture.
- With this addition, the Gross Development Value of real estate projects of the company will be close to Rs 40,000 crore.
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Bloomberg Quint
14h
251
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Moto Edge 60 Fusion India Launch Today: Check Time, Specifications, Expected Price And More
- Motorola is set to launch the Moto Edge 60 Fusion smartphone in India today.
- The phone features a 50 MP camera and the MediaTek Dimensity 7400 chipset.
- It comes with a 6.7-inch Pantone-validated all curved display with 1.5K resolution and a refresh rate of 120 Hz.
- The expected price of the Motorola Edge 60 Fusion is below Rs 25,000.
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Bloomberg Quint
14h
156
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ITC Target Price Cut By JPMorgan Amid Margin Headwinds
- JPMorgan has maintained its 'overweight' rating on ITC Ltd. while cutting its target price to Rs 475 from Rs 505.
- Lower earnings forecasts and margin headwinds are cited as the reasons for the target price cut.
- FMCG revenue growth in ITC slowed to 5% year-on-year in nine months of the financial year 2025.
- ITC's agri business performed well, with revenue up 27% year-on-year and EBIT up 16% year-on-year, supported by value-added products.
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Bloomberg Quint
14h
1.1k
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New UPI Rules From April 1: NPCI Introduces Guidelines For UPI Number Seeding And Porting
- The National Payments Corporation of India (NPCI) has issued new guidelines for UPI-related facilities that will come into effect from April 1.
- Banks and other relevant financial institutions will be required to update their databases related to the Mobile Number Revocation List (MNRL) and Digital Intelligence Platform (DIP) weekly.
- The guidelines mandate that UPI apps must obtain explicit consent from users before linking or transferring their UPI number to another platform.
- The move aims to streamline the overall process and reduce transaction errors caused due to outdated or reassigned mobile numbers.
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Bloomberg Quint
14h
2.1k
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Vodafone Idea, Indus Tower Shares Surge As Government Picks Up More Stake Against Spectrum Dues
- Vodafone Idea shares rose as much as 10% to Rs 7.48 apiece to hit upper circuit. This is the highest level since March 24.
- Government picks up more stake in Vodafone Idea against spectrum dues, leading to surge in share prices.
- Macquarie maintains a 'neutral' stance, highlighting concerns over debt and equity dilution. Citi retains a 'buy' rating, viewing the government's decision as a significant step towards resolving Vodafone Idea’s financial woes.
- Indus Tower shares also rose over 7% to hit an over one-month high, presenting a compelling investment opportunity.
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