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Bloomberg Quint
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Britannia, WPP Launch 'A-Eye', Turning Smartphone Into Shopping Assistant For Visually Impaired
- Britannia Industries Ltd., in partnership with WPP, has launched Britannia A-Eye, a smartphone-based shopping assistant for the visually impaired.
- The AI-powered app enables visually impaired users to scan their surroundings, providing voice-based responses and guidance in store aisles.
- The solution identifies products and provides details such as pricing, ingredients, nutrition information, and expiry dates, currently enabled for Britannia products.
- The pilot, powered by Google Gemini and based on Vertex AI Multimodal Live, aims to improve retail experiences and promote inclusivity.
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Bloomberg Quint
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214
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Stock Market Highlight: Nifty Ends Above 22,500, Sensex Up 1,000 Points; Infosys Among Top Gainers
- The NSE Nifty 50 ended 1.69% higher at 22,535.85, while the BSE Sensex closed 1.49% higher at 74,227.
- Infosys Ltd., Reliance Industries Ltd., Larsen & Toubro Ltd., Bharti Airtel Ltd. and ICICI Bank Ltd. were among the top gainers.
- Nifty Media, Nifty PSU Bank, Nifty Bank and Nifty Pharma snapped their losing streak, while Nifty Oil and Gas, Nifty Auto, Nifty Metal and Nifty Realty snapped their three-day losing streak.
- The broader markets also ended higher, with the BSE MidCap rising 1.87% and the SmallCap index rising 2.18%.
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Pymnts
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291
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Hawk Raises $56 Million to Help Banks Counter Financial Crime
- German fraud and money laundering prevention provider Hawk has secured $56 million in new funding for further product innovation and expansion efforts, particularly in the U.S.
- Hawk's artificial intelligence (AI)-powered tools offer an alternative to traditional rules-based approaches, increasing accuracy in detecting financial crime while reducing false positives.
- The funding round comes as banks call for stronger anti-money laundering and fraud protections, with witnesses testifying on the need for a coordinated effort against scams.
- Research shows that the majority of financial institutions are adopting AI and machine learning technologies to detect and prevent fraud, enhancing the speed and effectiveness of decision-making.
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Bloomberg Quint
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116
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Unilever's Spun Off Ice-Cream Division To Set Up A Global Capability Centre In Pune
- Unilever's spun-off ice cream division, The Magnum Ice Cream Company, has entered a memorandum of understanding with the Maharashtra government to establish a Global Capability Center in Pune.
- The investment is worth Rs 900 crore, and it is expected to create over 1,000 jobs.
- The announcement was made at the India Global Forum event in the presence of Maharashtra Chief Minister Devendra Fadnavis and other officials.
- The ice cream division, which includes brands like Kwality Walls, Magnum, and Cornetto, had recently undergone a demerger from the parent company and aims to strengthen its position in the Indian market.
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Bloomberg Quint
2w
52
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Nifty 50 Top Gainers And One Loser On April 8: Power Grid Only Laggard, JFS, Cipla Gain
- The Indian stock market recovered the losses that it made Monday following a severe crash that saw the benchmark indices declining over 5%.
- Nifty 50 closed 1.69% up at 22,535 and Sensex closed 1.49% higher at 74,227.
- The top gainers for Tuesday's trade were Jio Financial Services Ltd., Shriram Finance Ltd., Cipla Ltd., Bharat Electronics Ltd. and Eicher Motors Ltd.
- The only stock that closed the trading session with losses in Tuesday's trade was Power Grid Corp.
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Bloomberg Quint
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325
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India Sees ‘Opportunity Of A Lifetime’ In Trump’s Trade Policy
- India's Commerce Minister, Piyush Goyal, sees an 'opportunity of a lifetime' in the disruptions caused by Donald Trump's reciprocal tariffs.
- Goyal believes that the changes in global trade will not only bring fairness to supply chains but also benefit India.
- He mentioned that India has the chance to turn the current situation into an advantage and called it an opportunity of a lifetime.
- India's stance differs from China and the EU, as it is focused on negotiating a bilateral trade deal with the US rather than imposing retaliatory tariffs.
- Despite potential growth drag following tariffs, Goyal expressed confidence in India's economy due to its large domestic demand.
- Major companies like Apple are considering India to diversify their supply chains and mitigate the impact of tariffs.
- India is also engaged in negotiations with other trading partners, including the EU, the UK, and the US, while being cautious about strategic investments from China.
- Goyal emphasized the need to safeguard India's strategic interests and mentioned restrictions on market access to EV giant BYD.
- In summary, India sees the current global trade disruptions as an opportunity to strengthen its position in international trade and establish beneficial trade relationships.
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Bloomberg Quint
2w
21
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Iran Confirms It Will Start Nuclear Talks With US This Weekend
- Iran and the United States will meet in Oman on Saturday for indirect high-level talks.
- The negotiations will be led by Iranian Foreign Minister Abbas Araghchi and Steve Witkoff, Trump's special envoy for the Middle East.
- Oman's Foreign Minister Badr Albusaidi will help mediate the talks.
- The talks will focus on the rising tensions over Iran's nuclear program.
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Bloomberg Quint
2w
231
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Former RBI Chief Subbarao Urges Transparency In Policy Stance Communication Amid Uncertainties
- Former RBI Governor Subbarao emphasizes the need for transparency in policy stance communication amid uncertainties.
- He suggests that the RBI should provide guidance to the markets and the public to build confidence during times of economic uncertainty.
- Subbarao views the upcoming interest rate decision as more challenging than previous ones, considering the uncertainties in inflation, global recession, tariffs, and weaker exports.
- He cautions against government intervention to protect investors who have lost money in the stock market, emphasizing that volatility is inherent in the stock market and involves certain risks and rewards.
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Bloomberg Quint
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68
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External Affairs Minister Jaishankar, US Secretary Of State Marco Rubio Discuss Bilateral Trade Deal
- External Affairs Minister Jaishankar and US Secretary of State Marco Rubio discussed the need for early conclusion of the proposed India-US bilateral trade deal.
- The discussion took place after US President Donald Trump announced reciprocal tariffs on approximately 50 countries, including India.
- This phone conversation was the first high-level contact between the two sides after the announcement of the tariffs on April 2.
- India and the US are currently in negotiations for a bilateral trade agreement.
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Bloomberg Quint
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145
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Rupee Closes 41 Paise Lower Against Dollar Ahead Of RBI Policy
- The rupee closed weaker against the US dollar on Tuesday, extending its losses from the previous session.
- Investors are expected to remain cautious ahead of the Reserve Bank of India’s policy decision and they will continue to assess the impact of US tariffs.
- Traders will also shift focus to the RBI Monetary Policy Committee meeting on Wednesday.
- Sharp rupee volatility could dent earnings of several sectors by up to 250 basis points in the next financial year.
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Bloomberg Quint
2w
60
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High-Level Panel To Prep For Potential Import Surge Amid US Tariffs
- The Commerce Ministry is setting up a high-level panel to prepare for potential import surges resulting from higher tariffs on competing manufacturing nations such as China and Thailand.
- The panel will have members from the Department of Commerce, Revenue and Promotion of Industry and Internal Trade and will focus on key product groups including consumer goods, electronics, chemicals, and steel.
- Data analysis will begin in June-July when the full effect of tariffs on shipments is expected to take place, as exporters rush to send shipments to the US before the tariffs hit.
- India is imposing anti-dumping duties on certain items, particularly from China, to safeguard domestic industries from cheap imports.
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Bloomberg Quint
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390
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Businessman’s Court Win In Rs 69-Lakh Income Tax Case Sparks Accountability Debate
- A businessman has won a long legal battle in the High Court against a Rs 69-lakh income tax demand raised seven years after the assessment year ended.
- The case has sparked a debate on accountability and competence in India's tax system.
- The businessman questioned the personal cost and lack of domain knowledge among tax officials.
- This incident highlights the urgent need for a fairer and more transparent tax system.
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Bloomberg Quint
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358
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IBM Acquires Hakkoda Inc In Bid To Expand Data Transformation
- IBM has acquired Hakkoda Inc. in a bid to expand its data transformation services portfolio.
- Hakkoda has expertise in migrating, modernising, and monetising data estates.
- The acquisition will help IBM meet the growing demand for data services and drive AI-powered business operations.
- Hakkoda's data expertise and industry solutions will enhance IBM's ability to deliver value to clients.
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Bloomberg Quint
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373
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Mazagon Dock Declares Second Interim Dividend
- Mazagon Dock Shipbuilders Ltd.'s board approved second interim dividend of Rs 3 per share.
- Record date for dividend eligibility is April 16.
- Appointment of Ruchir Agrawal as chief operating officer was approved.
- Earlier, the company had declared an interim dividend of Rs 23.19 per share and a final dividend of Rs 12.11 per share.
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TechCrunch
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175
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Turkey’s Sipay raises $78M to expand its Stripe-like services into emerging markets
- Turkish Fintech Sipay has raised $78 million in a Series B funding round, valuing the company at $875 million.
- Sipay plans to expand into markets outside of Turkey and offer services such as remittances.
- The funding round was led by Elephant VC, with participation from QuantumLight.
- Sipay's all-in-one app has 6.3 million wallet users and 25,000 registered merchants.
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