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Bloomberg Quint
2w
276
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Who Is Will Pucovski? Australian Batter Announces Retirement At 27 Due To Concussion
- Will Pucovski, once touted as the future of Australian batting, has announced his retirement from all forms of professional cricket at just 27.
- Pucovski's career was repeatedly derailed by concussions and mental health challenges.
- A medical panel recommended that he step away from competitive cricket for the sake of his long-term well-being.
- Over the course of his brief career, Pucovski is believed to have suffered more than a dozen concussions.
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Bloomberg Quint
2w
129
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P N Gadgil Jewellers Share Price Rises Over 4% On Q4 Revenue Growth
- P N Gadgil Jewellers reported consolidated revenue growth of 25.9% YoY in Q4.
- The retail segment grew 50% YoY, while the e-commerce segment grew 243.8% QoQ.
- The franchisee operations also showed growth of 37.2% QoQ, accounting for 11.7% of total revenue.
- Festive season sales rose 40.4% YoY, with the highest ever single-day festive sales.
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Bloomberg Quint
2w
25
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Rupee Opens Weaker Against Dollar As Trade Tensions Escalate
- Rupee opens weaker against dollar at Rs 85.88, down by 4 paise.
- Global trade tensions and volatile market sentiment weigh on the rupee.
- US President Donald Trump's threat of additional tariffs on Chinese goods escalates trade tensions.
- Exporters advised to hedge around 86 and importers recommended to wait for 85.25 levels.
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Bloomberg Quint
2w
185
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HPCL 'Key' Pick, Emkay Says, As Analysts See OMCs In 'Sweet Spot'
- Oil marketing companies (OMCs) may be in a sweet spot due to strong margins and soft crude prices.
- The Indian government raised excise duty on petrol and diesel while keeping pump prices unchanged.
- Morgan Stanley and Emkay Global believe this move strengthens earnings visibility for fuel retailers.
- Emkay estimates OMCs to have above-normal marketing margins, offsetting projected under-recoveries.
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Bloomberg Quint
2w
94
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Apple Customers Dash To Stores To Buy iPhones Ahead Of Tariffs
- Apple customers are rushing to retail stores to buy iPhones ahead of potential tariffs on Chinese imports, with concerns that prices may dramatically increase.
- The frenzy has led to higher sales at Apple's US retail stores over the past weekend compared to previous years in some major markets.
- Apple is preparing for expected tariffs by stocking up inventory and shifting production to countries like India and Vietnam to reduce the impact of tariffs from China.
- Industry analysts speculate that iPhones could potentially cost thousands of dollars each if the 54% China tariff is implemented.
- Apple is likely to take measures to prevent price hikes, such as negotiating with suppliers and accepting lower margins, to maintain current price levels.
- Customers are driven by fear of price increases to make purchases now, resulting in a surge in sales during what is typically considered the off-peak season for iPhones.
- This rush in purchases could positively impact Apple's third-quarter results, as the impact of tariffs may not be felt until the following quarter.
- Analysts will closely watch Apple's fiscal second-quarter results on May 1 to assess the impact of the looming tariff threats on the company's financial performance.
- The stock market turmoil over tariffs has affected Apple's valuation significantly, leading to its worst three-day drop since the dot-com bubble aftermath in 2001.
- Apple remains at the center of the trade war discussions, navigating challenges posed by tariffs and striving to maintain stable pricing for its popular products.
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Bloomberg Quint
2w
218
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Mumbai Faces Hot, Humid Weather, No Heatwave Alert Today: Latest IMD Forecast
- Hot and humid conditions are likely to prevail in Mumbai, Maharashtra, on Tuesday according to the India Meteorological Department (IMD). The IMD has placed Mumbai under a yellow alert, indicating a heat advisory for the area. Hot and humid weather conditions will also prevail in coastal districts of Maharashtra.
- The IMD predicts an increase in the maximum temperature by 1-2 degrees Celsius during the next four days over most parts of Maharashtra. Subsequently, there will be a mild relief as the maximum temperature is expected to fall by 2-3 degrees Celsius.
- In April, above-normal maximum temperatures are expected in most parts of Maharashtra, according to the IMD's monthly forecast. The state is also likely to experience an above-normal number of heatwave days during the month.
- Precautions should be taken during heatwave-like conditions, especially by vulnerable groups such as the elderly and children. National and State Disaster Management Authorities provide guidelines for action, including access to cooling centers and heat advisories for the public.
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Bloomberg Quint
2w
413
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TCS To Coforge: Motilal Oswal Bets On Large Caps And Domestic Themes
- Motilal Oswal trims Nifty EPS estimates for FY2025 and FY2026.
- Weak earnings in certain sectors are offset by growth in others.
- Valuations for large-caps become more attractive while mid- and small-caps remain elevated.
- Top picks include Reliance Industries, TCS, and domestic-facing sectors.
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Bloomberg Quint
2w
18
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India Inc's March Quarter Earnings Likely To Be Muted, Says Jefferies
- India Inc. is expected to report muted earnings growth for the January-March quarter, with a decline in bank earnings growth.
- Lending businesses' profitability is projected to decline 8% YoY in the fourth quarter.
- IT earnings growth is expected to decrease 3% sequentially and 6% YoY.
- The on-year revenue growth of India Inc. is expected to be 12% and likely remain muted on the quarter.
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Bloomberg Quint
2w
390
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IndusInd Bank Target Price Cut By Morgan Stanley As Weaker Earnings Projected
- Morgan Stanley has cut its target price for IndusInd Bank Ltd., lowering it from Rs 1,105 to Rs 755.
- IndusInd Bank's Q4 FY25 performance was notably weak, with loan growth slowing to 1% year-on-year from 12% YoY in the previous quarter.
- Deposit growth declined to 7% YoY compared to 11% YoY last quarter, and the bank's Current Account Savings Account deposits fell 6% quarter-on-quarter.
- Morgan Stanley has sharply reduced its earnings estimates for IndusInd Bank, lowering its EPS estimates by 27% for FY25 and 17% for both FY26 and FY27.
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Bloomberg Quint
2w
409
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Bharti Airtel In, Tata Motors Out: Macquarie's India Strategy Focuses On Domestic Facing Players
- Macquarie's India strategy focuses on domestic facing players to leverage local market strengths and mitigate global exposure risks.
- Inclusions: Bharti Airtel, UltraTech Cement, and GAIL are included in Macquarie's Super 6s buy ideas list.
- Exclusions: Sun Pharma, Tata Motors, and Wipro are excluded from Macquarie's Super 6s buy ideas list.
- US President Donald Trump's global tariff imposition has created uncertainties for companies with high global exposure.
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Bloomberg Quint
2w
125
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Gold And Silver Rate Today — Check Prices In Mumbai, Bengaluru, Delhi, Chennai And More
- Gold prices in India fell to Rs 87,100 per 10 grams, declining from the previous week's highs.
- Silver prices in India also fell to Rs 88,870 after crossing Rs 1 lakh last week.
- Global spot gold prices fell over 1.22% to $2,999.
- Industrial demand for silver, driven by its importance in renewable energy and electronics, has been contributing to the surge in prices.
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Bloomberg Quint
2w
81
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Stock Market Live: GIFT Nifty Indicates Positive Start; BEL, M&M, Titan Share Prices In Focus
- The benchmark equity indices crashed on heightened volatility following Trump's reciprocal tariffs announcement.
- GIFT Nifty indicates a positive start in the stock market.
- Stock price focus on BEL, M&M, Titan.
- Asian markets witnessed heightened volatility but ended on a positive note.
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Bloomberg Quint
2w
2
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Wockhardt Not To Face Significant Impact Of US Tariffs, Says Chairman Khorakiwala
- Wockhardt, a pharmaceutical company, will not face significant impact of the global turmoil over US tariffs due to its strong business model.
- Wockhardt's exposure to the US market is just 5% and it is planning to exit the generic business in the country soon.
- Other pharma companies with substantial exposure to the US may need to adjust their strategy and look at other markets like Europe to compensate for the potential impact of tariffs.
- The tariffs will increase the cost burden for US consumers, as a significant portion of generic prescriptions in the country are met by Indian products.
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Bloomberg Quint
2w
51
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Stocks To Watch Today: BEL, M&M, Titan, Brigade Enterprises, P N Gadgil Jewellers
- Bharat Electronics Ltd. received a Rs 2,210 crore order for electronic warfare from the Indian Air Force and has received orders worth Rs 2,803 crore so far in the financial year 2026.
- Mahindra & Mahindra Ltd. reported total production at 88,701 units and total sales at 79,751 units. The company has also incorporated Mahindra Advanced Technologies as a wholly owned subsidiary.
- Titan Co. reported a 22% year-on-year growth in CaratLane and a 25% uptick in standalone business compared to last year.
- P N Gadgil Jewellers reported a 26% year-on-year growth in consolidated revenue. The retail segment grew 50% compared to last year and the e-commerce segment grew 244% compared to the previous quarter.
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Pymnts
2w
360
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MercadoLibre to Boost Investment in Brazil by 48%
- MercadoLibre plans to increase its investment in Brazil by 48%, from 23 billion reais in 2024 to 34 billion reais in 2025.
- The company will focus its investment on logistics, technology, marketing, and increasing its staff in Brazil.
- MercadoLibre recently announced plans to invest $3.4 billion in Mexico, its second largest market behind Brazil.
- The company, with a market capitalization of $92 billion, aims to become the largest digital bank in Latin America.
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