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Bloomberg Quint
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NDTV Profit Pulse On April 8— Top 8 Stories At 8 P.M. Under 8 Minutes
- Ministry of Commerce sets up a high-level panel to address potential surge in imports due to higher tariffs on competing manufacturing nations.
- US stocks see biggest rally since November 2022, Indian equity indices end with gains.
- Reserve Bank of India's Monetary Policy Committee expected to cut benchmark lending rate in April.
- Private weather forecasting agency Skymet forecasts 'normal' monsoon in India for June-September period.
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NullTX
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Crypto Investment Products See Major Outflows: Bitcoin and Ethereum Lead the Decline
- A total of $240 million flowed out of digital asset investment products last week, revealing a declining interest in cryptocurrency investment vehicles.
- Bitcoin and Ethereum experienced the largest outflows, with $207 million and $37.7 million withdrawn, respectively, reflecting growing caution in the market.
- Concerns over macroeconomic conditions like inflation and geopolitical instability have led investors to reallocate from high-risk assets to safer options.
- Altcoins such as Solana and Sui also witnessed outflows, signaling a trend of investors becoming more risk-averse across the board.
- Binance's Proof of Reserves report indicated declines in user holdings of major cryptocurrencies like Bitcoin, Ethereum, and Tether.
- The drop in cryptocurrency holdings on exchanges signifies a shift towards safety measures and a move away from high volatility assets.
- Overall, the market shows increased caution amidst global uncertainty, with investors opting for stablecoins or cash equivalents over riskier investments.
- The crypto market may need to reverse these trends to regain momentum, but with economic unpredictability, the future remains uncertain.
- It is essential for investors to research thoroughly before buying cryptocurrencies or investing in related services, as highlighted in the disclaimer.
- Stay updated with the latest news in the Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse sectors by following @nulltxnews on Twitter.
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Bloomberg Quint
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216
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Senco Gold Business Update: Highest-Ever Q4 Revenue
- Senco Gold Ltd.'s retail growth jumped 23% in Q4 despite rising gold prices.
- The company posted the highest-ever Q4 revenue of over Rs 1,300 crore, with the total revenue growth for the fiscal crossing Rs 6,200 crore.
- Wedding and festive demand drove the growth in footfalls and invoices, with the same-store-sales growth of 18.4% in Q4 and 14.6% in the fiscal.
- Senco Gold achieved a 39% growth in diamond jewellery sales, with old gold contributing 40% to overall sales and up to 61% from non-Senco customers.
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Bloomberg Quint
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85
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Wall Street Rebounds: Dow Jones Gains 1,400 Points, S&P 500 Jumps Nearly 4%
- The US stock market rebounded as it opened for trade on Tuesday, with the Dow Jones Industrial Average surging 1,419 points, or 3.7%, and the S&P 500 gaining 4%.
- Shares of NVIDIA, Micron, JPMorgan, AMD, and Netflix saw gains of over 5%, supporting the benchmark indices.
- Healthcare companies led the gains in the S&P 500, with CVS Health Corp and United Health jumping around 9% in trade.
- In the oil market, US West Texas Intermediate Crude rose 1.4% to $61.55 per barrel, and Brent crude rose 0.9% to $64.77 a barrel.
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Bloomberg Quint
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201
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Apple’s Historic Selloff Has Bulls Balking From Tariff Risks
- Apple's shares experienced a significant selloff, dropping 19% following President Trump's tariffs on China, Vietnam, and India.
- The market value of Apple plummeted by over $637 billion during this period, with concerns about how the tariffs will impact the company.
- Analysts are uncertain about Apple's future strategies regarding pricing and costs amidst the tariff disruptions.
- Apple's stock rebounded slightly after the initial slump, while market volatility for the company increased dramatically.
- Investors are closely monitoring the effects of tariffs on Apple's margins, spending, and stock price.
- Despite the uncertainty, analysts are optimistic about Apple's long-term prospects despite the recent selloff.
- The stock is currently trading at around 24 times estimated earnings, considered attractive by some portfolio managers.
- The upcoming quarterly earnings report in May will be a crucial event for Apple's stock performance.
- Analysts are refraining from making drastic changes to their estimates until further clarity on tariffs is provided.
- The market is anticipating negative revisions for tech companies, including Apple, in the upcoming quarters.
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Bloomberg Quint
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111
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Government Stresses On Potential Of Exploration Licence Regime In Unlocking Critical Mineral Reserves
- The government highlights the potential of the exploration license regime in unlocking critical mineral reserves.
- The policy enables private entities to undertake large-scale early-stage exploration for minerals.
- Government emphasizes the importance of collaboration between public and private players in the auction process.
- Auction of 13 exploration license blocks, covering critical minerals, was launched by the government.
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Bloomberg Quint
1w
110
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Home First Finance Sets QIP Floor Price To Raise Up To Rs 1,250 Crore
- Home First Finance Company India Ltd. plans to raise up to Rs 1,250 crore through a qualified institutional placement (QIP).
- The floor price for the share sale is set at Rs 1,019.25 per share, representing a premium of 3.2% over the previous close.
- There is a possibility of offering a discount of up to 5% on the floor price.
- The book-running managers for the share sale are Kotak Mahindra Capital Co., SBI Capital Markets Ltd., and Motilal Oswal Investment Advisors Ltd.
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Bloomberg Quint
1w
128
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Skymet Forecasts 'Normal' Monsoon In 2025
- The monsoon season is expected to be 'normal' in 2025, with rainfall predicted to be around 103% of the long-period average.
- Private weather forecasting agency Skymet forecasts the spread of normal monsoon to be in the range of 96-104% of LPA.
- The occurrence of disruptive factors like El Nino is ruled out, with ENSO-neutral conditions dominating the monsoon period.
- Southern and western parts of India are expected to receive strong rainfall, while the northeast and north hilly states may receive below-normal rainfall.
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Bloomberg Quint
1w
357
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iPhone Shipments Make Up 75% Of India's Record Rs 2-Lakh-Crore Smartphone Exports
- Smartphone exports in the last financial year crossed a record Rs 2 lakh crore, a jump of 54% year-on-year in shipments, Minister for Electronics and IT Ashwini Vaishnaw said.
- Of that, shipments for Apple's iPhone exports are worth Rs 1.5 lakh crore alone, Vaishnaw told reporters in New Delhi.
- Guidelines for the Union government's Rs 22,919-crore Electronics Components Scheme will be rolled out within the next three weeks.
- The scheme will have a multiplier impact for many sectors, and the government aims to achieve 40% value addition in electronics manufacturing within five years.
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Bloomberg Quint
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344
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US Tariff Impact: Crisil Lists Sectors Worst Hit By Trump's Move
- US tariffs pose a downside risk to revenue and profitability for India Inc.
- Crisil's analysis shows an unfavourable outlook for gems and jewellery, and marginally unfavourable for chemicals, aluminium and auto components.
- The impact on pharmaceuticals, solar PV modules and steel is neutral while it is marginally favourable for agri products, textiles, apparel and smartphones.
- These sectors contribute more than 60% of non-petroleum merchandise exports from India to the US.
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Alleywatch
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The 16 Largest NYC Tech Startup Funding Rounds of Q1 2025
- The top NYC startup funding rounds for Q1 2025 include SeeQC securing $30.0M in a Series A round for quantum computing systems.
- Viam, a robotics company, raised $30.0M in a Series C round for cloud-based smart machine management.
- Hone Health, an online clinic platform for men, received $33.0M in a Series A round.
- Air, a Creative Operations System, secured $35.0M in a Series B round for marketing and creative teams.
- Inspiren, a healthcare tech company using AI for patient care, raised $35.0M in a Series A round.
- Slingshot AI raised $40.0M in a Series A round for its cloud-based platform for managing machine learning models.
- Clay, providing creative tools for growth teams, secured $40.0M in a Series B round.
- Recycle Track Systems, offering waste management solutions, raised $40.0M in a venture round.
- Campus, an online college offering degrees, received $46.0M in a Series B round.
- Norm AI, automating legal tasks, secured $48.0M in a Series B round.
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Futurefundraisingnow
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100 ideas for better arts fundraising
- Arts fundraising has a unique challenge as it doesn't save lives or address immediate needs.
- Most arts donors are primarily motivated by their love for the art form and personal benefits.
- To encourage donations, emphasize the meaningful impact of the arts on individuals.
- A new resource from Culture for Hire provides customer-centric marketing prompts for the arts.
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Bloomberg Quint
1w
323
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Zee Media Plans Nearly Rs 400-Crore Fund Raise Via FCCBs
- Zee Media Corp. plans to raise $46.59 million (about Rs 399.78 crore) via Foreign Currency Convertible Bonds (FCCBs).
- The bonds will be issued on a private placement basis to UNICO Global Opportunities Fund Ltd. and Sun India Opportunities Investing Fund.
- The FCCBs have a 10-year maturity period and will be split into five series.
- The conversion price for the FCCBs is set at Rs 13.50 per equity share.
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Pymnts
1w
372
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Tariff-Related IPO Delays Leave VCs ‘Trying to Triage’
- Tariffs implemented by President Trump have led to several high-profile IPOs being delayed, causing anxiety in the venture capital/startup space.
- The delay in IPOs could hinder access to cash for venture capitalists at a crucial moment.
- The impact of tariffs is expected to be felt by startups dealing with hardware, international trade, and AI companies facing higher computing costs.
- The possibility of the tariffs being reversed presents some hope, but America's economic positioning and global trust may take longer to restore.
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Bloomberg Quint
1w
312
Image Credit: Bloomberg Quint
Ashoka Buildcon Sells 51% Stake In Renewable Energy Arm
- Ashoka Buildcon sold 51% stake in its renewable energy arm.
- The majority stake was sold to Sunbreeze Renewables Pvt. for Rs 1.98 crore.
- Sunbreeze Renewables Pvt. is a New Delhi-based renewable asset management company.
- Before the sale, Ashoka Buildcon shares closed 2.4% higher on the NSE.
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