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Concerns are rising over a potential trade war, with tariffs on autos looming and geopolitical tensions increasing. Despite market volatility, opportunities exist in diversified investments, particularly in China and Europe, where consumer demand is being prioritized. The focus on sustainability and innovation in technology, especially in green energy, highlights the evolving economic landscape.
Paytm has divested a 12.75% stake in Jugnoo for INR 3 crore. This move reflects Paytm's ongoing strategy to streamline its investments and focus on core business areas. The transaction highlights the evolving landscape of investments in the Indian startup ecosystem.
Voler Cars, a profitable and debt-free employee transportation service provider, is set to go public, emphasizing financial transparency and sustainable growth. With a scalable, asset-light model and a strong client base including Fortune 500 companies, Voler aims for 30% annual growth while expanding into new cities and enhancing technology. The company maintains a 70%+ cab occupancy rate through intelligent routing, differentiating itself from competitors by focusing exclusively on B2B services.
On March 28, Goldman Sachs acquired shares worth ₹281 crore in HAL and Zomato, purchasing 3.85 lakh and 60.07 lakh shares, respectively, at prices ranging from ₹199.5 to ₹4,176.25. The deal, valued at ₹280.96 crore, coincided with Kadensa Capital selling the same number of shares. In the broader market, domestic equity benchmarks closed lower amid investor caution over US tariffs and upcoming PCE data, with the BSE benchmark Sensex gaining over five percent in FY25 despite a volatile trading environment.
Voler Cars, a profitable and debt-free employee transportation service provider, is set to go public, emphasizing financial transparency and sustainable growth. With a fleet of 2,500 pooled cars and a focus on corporate clients, the company aims for 30% annual growth while maintaining an asset-light model to adapt to market trends. Key clients include Fortune 500 companies, and Voler plans to expand into new cities and enhance technology for operational excellence.
On April 2, President Trump is expected to implement significant reciprocal tariffs on 15-25 countries, potentially using Section 338 of the Tariff Act of 1930 or the International Emergency Economic Powers Act. These tariffs may target nations with large trade deficits with the U.S. and high trade barriers, including China, the EU, India, Canada, and Japan. Barclays anticipates that real negotiations will commence post-April 2, warning of prolonged trade tensions ahead.
The Cabinet has approved an electronics Production-Linked Incentive (PLI) scheme worth ₹22,919 crore. This initiative aims to boost the electronics manufacturing sector in the country, fostering growth and innovation.
Japan's GDP per capita is projected to plummet from 29th to 45th globally by 2075, with real GDP expected to grow to $4.4 trillion but drop its global ranking from fourth to 11th. Contributing factors include a declining population, low fertility rates, and limited benefits from AI advancements, necessitating urgent labor reforms to boost productivity. Meanwhile, emerging markets like India are set to rise significantly, with BRICS nations projected to surpass the US in total GDP by 2075.
Bajaj Finance shares are projected to rally 19% to ₹10,700, according to BNP Paribas, which raised its target from ₹10,020. The firm anticipates a 20% growth trajectory until 2030, despite recent credit cost increases impacting investor sentiment. The company added 5 million new customers in a challenging Q3FY25, supporting a robust growth outlook.
Mumbai-based fintech startup axiTrust has secured $2.57 million in seed funding, led by General Catalyst, with participation from Veltis Capital, Good Capital, and AngelList. Founded in 2024 by Aditya Tulsian, Mukund Daga, and Rajeev Chari, the company specializes in providing micro surety bonds for MSMEs as a collateral-free alternative to traditional bank guarantees. The funds will be used for hiring, app development, and marketing, as axiTrust aims to integrate its platform with MSME systems for enhanced insights and automation.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
optimism and risks in a shifting global economic landscape
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22:00 28.03.2025
Paytm divests 12.75 percent stake in Jugnoo for three crore rupees
20:58 28.03.2025
Voler Cars poised for growth with transparent IPO strategy and strong financials
17:38 28.03.2025
Goldman Sachs completes block deal acquiring HAL and Zomato shares
16:59 28.03.2025
Voler Cars poised for growth with transparent IPO strategy and strong financials
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15:54 28.03.2025
barclays predicts significant tariffs on multiple countries starting april 2
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15:39 28.03.2025
Cabinet approves 22919 crore electronics production linked incentive scheme
14:24 28.03.2025
japan's economic decline projected by 2075 amid population challenges and reforms
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10:32 28.03.2025
bajaj finance shares predicted to rise 19 percent by analysts
08:46 28.03.2025
Indian fintech startup axiTrust secures 2.6 million dollars in seed funding
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08:30 28.03.2025
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