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Global Fintech Series
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SEI and Ctrl Alt to Explore Tokenization in Bank of England’s Sandbox
- SEI Investments (Europe) Limited (SIEL) announces partnership with Ctrl Alt and participation in the Bank of England’s Digital Securities Sandbox (DSS).
- The DSS aims to evaluate blockchain and distributed ledger technology in a non-live environment to facilitate innovation in market infrastructure.
- SEI Ventures Inc. makes a strategic investment in Ctrl Alt, an infrastructure platform for tokenized asset classes.
- SEI and Ctrl Alt will work together to explore the application of tokenization technology in the financial services industry.
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Bloomberg Quint
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Meta Llama 4 Maverick, Llama 4 Scout Now Available On IBM’s Watsonx AI Platform
- IBM adds Llama 4, the most recent generation of open models from Meta, to its watsonx.ai AI developer platform.
- Llama 4 Scout and Llama 4 Maverick offer high context length and speeds, low cost, and multimodal performance.
- Llama 4 models are built with native multimodality, using unlabelled text, image, and video data to enhance knowledge from various sources.
- Developers and businesses can choose and implement Llama 4 models from IBM's Watsonx.ai in different environments.
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Bloomberg Quint
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Imported Raw Materials Hurt PVC Pipes, Capital Goods As Rupee Depreciates: Crisil
- Crisil reports that the depreciation of the Indian rupee against the US dollar will impact certain sectors' earnings in the current financial year.
- The rupee depreciation is expected to continue, settling at around Rs 88 by the end of the fiscal year.
- Industries relying on imported or dollar-denominated raw materials, like the PVC pipes and fittings sector, face increased costs and profitability pressure due to the rupee's devaluation.
- Capital goods players are also likely to experience profitability decline due to import challenges, while the export-focused segments may benefit from the weaker rupee.
- Sectors like IT, marine foods, and home textiles benefit from rupee depreciation as their exports form a significant portion of revenue.
- Pharmaceuticals and renewable power sectors face marginal pressure on profitability due to dependence on imported raw materials.
- Sectors with foreign trade exposure like pharmaceuticals and ceramics are likely to have a neutral impact from rupee depreciation due to a natural hedge.
- Businesses are expected to adapt to new currency exchange rate levels, neutralizing the initial impact of rupee volatility on credit profiles.
- A depreciating rupee may lead to higher debt obligations for companies with dollar-denominated liabilities, affecting their credit profiles negatively.
- Overall, the credit impact is projected to be neutral while the earnings impact will need monitoring in the near term.
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SiliconCanals
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378
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British AI infrastructure startup NexGen Cloud raises €41.1M: Know more
- NexGen Cloud, a British AI infrastructure startup, has raised €41.1M in a Series A funding round, bringing its post-money valuation to €323.36M.
- The funding will be used to expand the company's capacity globally, with a focus on offering sovereign capabilities in Europe and other regions.
- NexGen Cloud provides enterprise AI cloud solutions, including Private Clouds and the Hyperstack platform, which enables partner companies to deliver AI computing power.
- The company plans to develop partnerships, expand infrastructure services, and introduce new AI products to support integration across the development cycle.
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Bloomberg Quint
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Trade Setup For April 9: Nifty 50 Faces Resistance At 22,700-22,800 Levels
- The NSE Nifty 50 ended 374.25 points or 1.69% higher at 22,535.85, while the BSE Sensex closed 1,089.18 points or 1.49% higher at 74,227.
- The NSE Nifty 50 faces resistance at the 22,700-22,800 levels.
- The index formed a green candle and sustained above the 22,320 hurdle, according to an expert.
- A decisive move above 22,800 could open the door for further upside.
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Bloomberg Quint
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Growth In India's Insurance Sector Linked To FDI Reforms: Sitharaman Tells Prudential Chair
- The growth in India's insurance sector is linked to reforms in foreign direct investment policy, according to Finance Minister Nirmala Sitharaman.
- Sitharaman mentioned the need to focus on reinsurance, third party insurance, and health insurance for further growth in the sector.
- During her meeting with Prudential chair, Sitharaman highlighted opportunities in India's International Financial Services Centre and encouraged deeper engagement.
- Vadera informed Sitharaman about Prudential's upcoming venture in the health insurance space in India and discussed investment and fund management opportunities.
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Bloomberg Quint
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Wall Street Braces For Souring Corporate Earnings Amid Trade War
- Investors have already chopped more than $5 trillion off the value of companies in the S&P 500 Index over the last three sessions as they fret that an escalating trade war risks slashing profits.
- For the first quarter, analysts now see year-over-year earnings growth of 6.7% for the S&P 500, down from about 11.1% in early November when Trump was elected.
- Trump’s tariffs are threatening to upend multinational companies’ supply chains and weigh on export demand. Meanwhile, recession fears are shaking consumer confidence.
- Margin forecasts for the first quarter are currently sitting at 15.6%, down from the level of 16% seen in January.
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Bloomberg Quint
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PFC To Provide Rs 1 Lakh Crore To MMRDA For Mumbai Infra Projects
- State-owned Power Finance Corporation (PFC) has signed an agreement with Mumbai Metropolitan Region Development Authority (MMRDA) to provide Rs 1 lakh crore worth finance for infrastructure projects.
- The Memorandum of Understanding (MoU) was signed in the presence of the Maharashtra Chief Minister and officials from PFC and MMRDA.
- The partnership aims to provide financial assistance of up to Rs 1,00,000 crore by PFC for developing bankable infrastructure projects in the Mumbai Metropolitan Region (MMR).
- PFC is a non-banking financial company (NBFC) under the Ministry of Power.
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SiliconCanals
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Amsterdam’s Carbon Equity announces first close of Climate Tech Portfolio Fund III at €105M
- Amsterdam-based Carbon Equity has announced the first closing of €105M for its Climate Tech Portfolio Fund III.
- The total amount raised is now €300M, with over 1,260 investors on the platform.
- The fund allows investors to support over 150 climate innovations through selected private equity and venture capital funds.
- Carbon Equity aims to create a community of motivated investors addressing climate change with their capital.
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Npengage
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School Choice and Blackbaud Software
- The article discusses the impact of school choice programs on schools, families, and public funding, highlighting the need for schools to adapt to accept these funds.
- State-funded programs vary across different U.S. states, offering options like tax-credit scholarships, vouchers, and education savings accounts (ESAs).
- Schools must navigate complex processes to receive and allocate funds, with examples from states like Ohio, Iowa, Arizona, and Florida provided.
- Regulations and requirements for school participation in choice programs can pose challenges, including paperwork, delays in payment, and potential loss of autonomy.
- Independent schools are adjusting financial aid policies, raising tuition, and marketing participation in choice programs to enhance financial sustainability.
- Blackbaud's K–12 Solutions offer tools to manage school choice funds, enabling schools to track scholarships, tuition discounts, and state vouchers effectively.
- Different methods, such as tracking fund sources with project codes and consulting legal counsel, are recommended for accurate reporting and accounting.
- The article emphasizes the importance of tailored approaches to state funding due to varying program structures and the uniqueness of each school.
- Schools considering participation in state-funded programs are advised to collaborate with internal teams, auditors, and Blackbaud representatives for successful implementation.
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Bloomberg Quint
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244
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How To Check Your Credit Score: A Step-By-Step Guide
- A credit score is a three-digit number ranging from 300 to 900 that reflects your repayment ability.
- A strong credit score not only improves your chances of loan approval but can also help you secure more favourable interest rates and terms.
- To check your credit score, visit the official site of any major credit bureau such as CIBIL, CRIF High Mark, Experian, or Equifax.
- To build a good credit score, make sure to pay your EMIs and credit card dues on time, review your credit report for errors, keep your credit utilization below 30%, and maintain a balanced mix of secured and unsecured loans.
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Bloomberg Quint
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India's Building Materials Sector Experiencing Hiring Boom, Says Report
- India's building materials sector is experiencing a hiring boom fueled by rapid urbanization, infrastructure development, and industrial expansion.
- Recruitment in the building materials sector has increased by 30 per cent between January 2023 and January 2025.
- Specialized roles in material science, sustainability, and advanced manufacturing technologies are in high demand.
- Despite strong hiring trends, there is a significant gender disparity in the sector, with women accounting for only 12 per cent of the total workforce.
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Bloomberg Quint
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355
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Cyient Allocates Around Rs 860 Crore For Newly-Formed Semiconductor Subsidiary
- Cyient has allocated around Rs 860 crore ($100 million) for its newly-formed semiconductor subsidiary, Cyient Semiconductors.
- The company plans to offer customised silicon chip solutions to various industries, including electric vehicles and distribution companies (discoms).
- By September, Cyient aims to tap external investors for more funds and is in the process of appointing merchant bankers.
- The new subsidiary will focus on talent-intensive research and development efforts, intellectual property creation, and listing the arm on the markets in the future.
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Bloomberg Quint
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Kremlin Says New Russia-US Talks Planned In Turkey On April 10
- Russian and US officials will hold fresh talks in Turkey's Istanbul on April 10.
- The talks will be represented by Foreign Ministry officials from Russia.
- The topics to be discussed have not been elaborated upon.
- The talks aim to renew diplomatic presence and discuss possible future economic cooperation between the two countries.
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Bloomberg Quint
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47
Image Credit: Bloomberg Quint
Frictionless Finance Is The Latest Fiction We Seem To Love
- Frictionless finance sounds like progress — until you realise brakes exist for a reason.
- Regulators actively push for frictionless finance, yet they also impose cooling-off periods for high-risk transactions.
- Friction is poorly understood in the finance industry and has been cast as the villain in an industry obsessed with speed and convenience.
- Fintech leaders and BFSI regulators are infatuated with the idea of a frictionless world, where transactions glide seamlessly and consumers never have to stop and think.
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