🏦 Fintech personal loans drop 15%

Good morning. Fun fact: Human brains may be increasing in size, as a study found that participants born in the 1970s had brain volumes 6.6% larger and brain surface areas 15% bigger than those born in the 1930s 🧠 🤯

- Ruchirr Sharma & Shatakshi Sharmaa  

TABLE OF CONTENTS

• ⌚️ AI-Powered Apple Watch

• 🌬️ Adani Group’s Renewable Energy Agenda

• 🗞️ Bite-sized summaries

  • 🛢️Trump threatens 25% tariff on Venezuelan oil importers

  • 📈 BYD overtakes Tesla with record $107B revenue

• 🧑‍🍳 What else is cookin’?

• 🍿 Entertainment, Entertainment, Entertainment

MARKETS

🇮🇳 India

• Indian markets continued their upward trajectory, with the Nifty 50 turning positive for 2025. This marked the sixth consecutive session of gains for Indian indices. The rally was broad-based, with mid and small-cap indices also showing strong performance. Key factors driving the Indian market rally included attractive valuations, improving macroeconomic indicators, expectations of a potential RBI rate cut, and the return of foreign institutional investors

🌍️ International

• US stocks rallied strongly on Monday, driven by hopes that President Trump might soften his stance on upcoming tariffs. The rally was fueled by reports suggesting that the April 2 tariffs might be more targeted than initially feared, easing concerns about potential economic impacts.

TECH

⌚️ AI-Powered Apple Watch

Apple is working on a new Apple Watch that will include a built-in camera powered by artificial intelligence (AI), aiming for release by 2027. According to Bloomberg’s Mark Gurman, this move marks Apple’s push into the AI wearables space, where competitors like Meta are already making waves with smart glasses.

What’s New?

The upcoming Apple Watch models will use AI to provide real-time information about users’ surroundings. For example, by simply pointing the watch at a restaurant, users could instantly see details like ratings, reviews, and business hours.

Apple plans to embed the camera within the display of standard watch models, similar to how front-facing cameras are used on iPhones. However, the focus won’t be on FaceTime or selfies. Instead, the camera will serve AI-driven, real-world uses, expanding on Apple’s Visual Intelligence—a feature launched with the iPhone 16 that can identify objects and text using AI tools like ChatGPT and Google Search.

AI Shift In-House

Currently, Apple uses third-party AI models, but the company plans to develop its own AI tech before these new watches hit the market. Leading this effort is Mike Rockwell, known for his work on the Vision Pro headset and Apple’s visionOS.

Why It Matters

This development shows Apple is serious about dominating the AI wearables market. By combining AI with everyday functionality in its most popular devices, Apple is gearing up to make smart, context-aware tech a part of daily life.

Stay tuned—Apple’s wearables could soon be smarter and more helpful than ever.

Read more: Economic Times

RENEWABLES

🌬️ Adani Group’s Renewable Energy Agenda

Adani Enterprises has taken a fresh step toward strengthening its position in the renewable energy space. Its subsidiary, Adani New Industries Limited (ANIL), has set up a new company called Adani New Industries One Limited (ANIOL) to focus on solar and wind energy manufacturing and services.

The new entity will be involved in trading and supplying equipment essential for solar and wind energy projects. This includes solar panels, inverters, wind turbines, blades, and other related materials. Although ANIOL has not started operations yet, it’s positioned to play a key role in supporting Adani Group’s clean energy ambitions.

ANIOL is wholly owned by ANIL and has an authorized capital of ₹1,00,000, divided into 10,000 equity shares. While the business is in its early stages, it reflects the group’s commitment to ramp up activity in sustainable energy infrastructure.

Big picture: This move aligns with the Adani Group’s broader goal of expanding its renewable energy footprint, especially in light of India’s growing demand for clean energy solutions. As the world shifts towards greener alternatives, the group is investing heavily in solar, wind, and green hydrogen projects.

With ANIOL now incorporated, Adani is positioning itself to be a key player in renewable energy manufacturing, helping build the supply chain that will support the next wave of clean energy development in India and beyond.

Read more: Economic Times

GENERAL OVERVIEW

🗞️ Bite-sized summaries

🛢️Trump threatens 25% tariff on Venezuelan oil importers - US President Donald Trump has announced a 25% secondary tariff on countries importing oil and gas from Venezuela, effective April 2, 2025. The move is aimed at penalizing Venezuela for allegedly sending criminals, including gang members, to the US. This tariff could impact Indian companies like Reliance Industries and Indian Oil Corporation, which recently resumed importing Venezuelan crude after US sanctions were eased. The tariff may raise energy costs for India and complicate its oil sourcing strategy, as Indian refiners depend on diversified supplies to ensure cost and energy security.

📈BYD overtakes Tesla with record $107B revenue - Chinese electric vehicle giant BYD has surpassed Tesla in 2024 revenue, hitting $107.2 billion — a 29% jump from the previous year. BYD also reported record profits of 40.3 billion yuan, driven by strong domestic and overseas sales. The company sold nearly 4.3 million vehicles, with February sales surging 161%, while Tesla’s numbers declined. BYD is expanding aggressively into Europe, touting its “Super e-Platform” battery, which can charge a car in five minutes. However, BYD faces EU investigations over subsidies and US tariffs under President Trump, which could challenge its global growth.

HEADLINES

🧑‍🍳 What else is cookin’?

What’s happening in India (and around the world 🌍️)

• DNA testing firm 23andMe files for bankruptcy as CEO steps down.

• Mumbai's Habitat to shut down after vandalism over Kunal Kamra show.
  

CULTURE

🍿 Entertainment, Entertainment, Entertainment

• KL Rahul and Athiya Shetty welcome baby girl 🐣 

• No Other Land filmmaker beaten and detained, claims co-director and activist group.

• Tiger Woods and Vanessa Trump announce relationship but request for privacy.

• IPL 2025: CD beat LSG by 1 wicket with 3 balls left 🔥 Leaderboard here.