BRICS-led Development Bank touts yuan funding for Global South

BRICS-led Development Bank touts yuan funding for Global South


The lender’s view aligns with Beijing’s push to elevate the yuan’s role as a global funding currency, signalling room for continued growth in issuance and liquidity for foreign issuers in China’s onshore bond market.
| Photo Credit:
THOMAS WHITE

China’s onshore bond market, backed by ample liquidity and a stable currency, is emerging as an attractive funding source for developing economies, according to the BRICS-led New Development Bank.

With borrowing costs low, the Chinese bond market “is now one of the most cost-effective funding sources in the world,” Zhongxia Jin, the bank’s director general for treasury and portfolio management, said in Beijing on Tuesday. “We don’t just see the Chinese bond market as a source for cheap cash, we see this market as the future of local currency finance.”

Yuan-denominated funding, Jin added, provides a natural hedge for projects in local currencies, particularly across the Global South, which includes India, Indonesia and the Philippines, as well as Brazil and other parts of Latin America. Such financing is especially suited to initiatives like the green transition.

The lender’s view aligns with Beijing’s push to elevate the yuan’s role as a global funding currency, signalling room for continued growth in issuance and liquidity for foreign issuers in China’s onshore bond market.

“Chinese bond market is no longer just an alternative asset class, it tends to become a key pillar of global financial architecture,” Jin said, citing lower funding costs and relative currency stability.

New Development Bank sold five yuan-denominated notes totalling 25 billion yuan ($3.6 billion) last year, the largest annual issuance since it began tapping the market in 2016, according to data compiled by Bloomberg. In its latest deal late last year, the bank extended panda bond maturities to 10 years for the first time, signaling a push to secure longer-term funding.

New Development Bank was established by BRICS members Brazil, Russia, India, China and South Africa, according to the bank’s website.

More stories like this are available on bloomberg.com

Published on April 1, 2026



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Google rolls out AI Inbox feature to organise emails in Gmail: Report

Google rolls out AI Inbox feature to organise emails in Gmail: Report



Google is reportedly rolling out AI Inbox in Gmail for AI Ultra users in beta. Google first announced the feature in January, and 9To5Google reported that the AI Inbox feature is now rolling out to select users for testing. The AI Inbox feature lets users reduce clutter by organising messages into smart summaries, highlighting urgent tasks, and surfacing key updates. 


At the time of the announcement, Google also said that it will be adding AI Overviews in Gmail search and Proofread for advanced grammar, tone, and style checks.


What is AI Inbox and how it works


According to 9To5Google, AI Inbox appears as a separate section above the regular inbox on the web. Instead of showing emails in the usual time-based order, it organises them into a simple, easy-to-read summary of important updates. This means users can quickly understand what needs attention without opening each email individually. 

 

At the top, users are shown a greeting along with a timestamp indicating the latest refresh. Just below, Gmail highlights “Suggested to-dos,” featuring actionable items such as bill payments, reminders, or urgent tasks. Each item is linked to the relevant email and comes with a checkmark option, making it easy to track and manage tasks quickly. 


 
Less urgent updates are grouped under a “Topics to catch up on” section. This includes categories such as events, travel plans, or health-related updates, making it easier to skim through information. 


Google said the feature also identifies priority contacts or “VIPs,” based on user behaviour, such as frequent conversations and saved contacts. This is supposed to help important emails stand out automatically. 


The AI Inbox is powered by Gemini 3 and runs in what Google calls an “engineered privacy” environment, as per 9To5Google. According to the company, user data stays within a secure processing space and is not used to train AI models. Users can also disable AI features anytime through settings. 


Availability


According to the report, the AI Inbox feature was first tested with select users earlier this year and is now entering beta for Google AI Ultra subscribers. The AI Ultra subscription is priced at Rs 24,999 per month.

 



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Zaggle Prepaid shares rally 16% on robust FY27 revenue guidance, Fanuc deal

Zaggle Prepaid shares rally 16% on robust FY27 revenue guidance, Fanuc deal



Zaggle Prepaid share price: Shares of Zaggle Prepaid Ocean Services, a SaaS and FinTech solutions company, surged around 16 per cent to hit an intraday high of ₹217.51 on the NSE. This comes after the company said it expects standalone revenue growth of 25-30 per cent in FY27, while consolidated revenue growth is projected at around 40 per cent.

 


“In light of our strong performance and the momentum we are witnessing across our business segments, we currently project our standalone FY27 growth to range between 25-30 per cent and our consolidated FY27 growth to be around 40 per cent,” the company said in an exchange filing.

 
 


Around 11:00 AM, Zaggle Prepaid stock was trading at ₹215.60, up 15 per cent against the previous session’s close of ₹187.47. In comparison, the benchmark NSE Nifty50 was quoting at 22,757.15 levels, up 425.75 points or 1.91 per cent.

 


The stock’s 52-week high was at ₹469.80, and its 52-week low was at ₹186 on the NSE. Its total market capitalisation stood at ₹2,896 crore. 

 


The company also said that its focus this year remains on optimising working capital cycles to ensure superior cash flow performance, drive revenue growth through a strategic mix of new customer acquisition and existing portfolio cross-selling, and expand its margin profile backed by operating leverage and AI-driven efficiency.

 


Additionally, Zaggle Prepaid Ocean Services has signed a five-year agreement with Fanuc India, under which it will deploy its Zaggle Save employee expense management and benefits solution for the industrial automation company. However, the financial terms of the contract were not disclosed. 

 


On March 31, 2026, the company announced the successful completion of its acquisition of a 100 per cent equity stake in Rivpe Technology. RTPL has now become a wholly owned subsidiary of Zaggle with effect from March 30, 2026. Further, Omnicash Fintech, a wholly owned subsidiary of RTPL, has now become a step-down wholly owned subsidiary of the company.

 


In the October-December quarter of fiscal 2025-26 (Q3FY26), Zaggle reported a revenue of ₹497.6 crore, up 47.9 per cent year-on-year (Y-o-Y) growth, with adjusted Ebitda of ₹51.3 crore, crossing the ₹50 crore mark for the first time in its history. The company’s profit after tax (PAT) came in at ₹36 crore, reflecting Y-o-Y growth of 77.7 per cent.



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सावधान! पैरों में झुनझुनी और सुन्नपन कहीं ‘डायबिटिक न्यूरोपैथी’ तो नहीं? जानें क्या कहते हैं ए

सावधान! पैरों में झुनझुनी और सुन्नपन कहीं ‘डायबिटिक न्यूरोपैथी’ तो नहीं? जानें क्या कहते हैं ए


Why Do Diabetics Feel Tingling In Feet: डायबिटीज के मरीजों में अक्सर एक समस्या धीरे-धीरे सामने आती है, जिसे लोग शुरुआत में गंभीरता से नहीं लेते. हाथों और पैरों में झुनझुनी, जलन या सुन्नपन, कई लोग इसे थकान या उम्र का असर मानकर नजरअंदाज कर देते हैं.  लेकिन असल में यह शरीर का एक अहम संकेत होता है, जिसे अनदेखा करना खतरनाक साबित हो सकता है. चलिए आपको बताते हैं कि इसको लेकर डॉ. क्या कहते हैं. 

क्या होता है डायबिटीज का नसों पर असर

डायबिटीज का असर सिर्फ शुगर लेवल तक सीमित नहीं रहता, बल्कि यह नसों को भी नुकसान पहुंचाता है. जब लंबे समय तक ब्लड शुगर हाई रहता है, तो यह नसों तक पोषण पहुंचाने वाली छोटी ब्लड बेसल्स को प्रभावित करता है. इससे नसें ठीक से काम नहीं कर पातीं और इस स्थिति को डायबिटिक पेरिफेरल न्यूरोपैथी कहा जाता है. इसके शुरुआती लक्षणों में झुनझुनी, जलन, सुन्नपन या रात में अचानक दर्द महसूस होना शामिल है. कई मरीज बताते हैं कि उन्हें ऐसा लगता है जैसे वे रूई पर चल रहे हों या पैरों में तेज चुभन हो रही हो. अगर समय रहते ध्यान न दिया जाए, तो यह समस्या बढ़कर शरीर की कमजोरी, संतुलन बिगड़ने और यहां तक कि पैरों में घाव तक पहुंच सकती है. 

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किस कमी के कारण होती है दिक्कत

इस समस्या को और जटिल बनाता है विटामिन B12 की कमी. खासतौर पर वे मरीज जो लंबे समय से मेटफॉर्मिन दवा ले रहे हैं, उनमें B12 की कमी का खतरा ज्यादा होता है. यह दवा ब्लड शुगर कंट्रोल करने में मदद करती है, लेकिन समय के साथ शरीर में B12 के अब्जॉर्व को कम कर सकती है. समस्या यह है कि विटामिन B12 की कमी के लक्षण जैसे झुनझुनी, सुन्नपन, कमजोरी और थकान, डायबिटिक न्यूरोपैथी से काफी मिलते-जुलते होते हैं. ऐसे में बिना जांच के यह समझ पाना मुश्किल हो जाता है कि असली वजह क्या है. कई बार दोनों समस्याएं एक साथ भी होती हैं, जिससे स्थिति और गंभीर हो जाती है. 

क्या कहते हैं एक्सपर्ट

एक्सपर्ट का मानना है कि इस स्थिति में सबसे जरूरी है समय पर पहचान और इलाज. Dr. V Mohan ने TOI को बताया कि मरीजों को दर्द बढ़ने का इंतजार नहीं करना चाहिए, बल्कि शुरुआती लक्षण दिखते ही डॉक्टर से संपर्क करना चाहिए. इलाज की शुरुआत ब्लड शुगर को नियंत्रित रखने से होती है. इसके साथ ही विटामिन B12 की जांच कराना और जरूरत पड़ने पर सप्लीमेंट लेना भी जरूरी है. कई मामलों में डॉक्टर विटामिन B कॉम्प्लेक्स दवाएं देते हैं, जो नसों को मजबूत करने और लक्षणों को कम करने में मदद करती हैं.

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Disclaimer: यह जानकारी रिसर्च स्टडीज और विशेषज्ञों की राय पर आधारित है. इसे मेडिकल सलाह का विकल्प न मानें. किसी भी नई गतिविधि या व्यायाम को अपनाने से पहले अपने डॉक्टर या संबंधित विशेषज्ञ से सलाह जरूर लें.

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Trump lashes out at allies, says securing Strait of Hormuz is ‘not for us’

Trump lashes out at allies, says securing Strait of Hormuz is ‘not for us’


U.S. President Donald Trump
| Photo Credit:
REUTERS/Evan Vucci

US President Donald Trump lashed out Tuesday at allies who have been unwilling to do more to support the US war effort against Iran, telling them to “go get your own oil” and declaring that securing the Strait of Hormuz is “not for us.” The president estimated that the American military will be done attacking in two to three weeks and said the US “will not have anything to do with” what happens in the strait that has been closed by the Islamic Republic. Instead, he told reporters that the responsibility for keeping the vital waterway open will rest with countries that rely on it.

There’s “no reason for us to do this,” Trump said after signing an executive order that seeks to restrict mail-in voting. “That’s not for us. That’ll be for France. That’ll be for whoever’s using the strait.” In other developments, the closure of the strait sent average US gas prices past $4 a gallon, and US strikes hit the central city of Isfahan, sending a massive fireball into the sky. Tehran attacked a fully loaded Kuwaiti oil tanker in the Persian Gulf.

The attacks showed the intensity of the war more than a month after the US and Israel launched it. The conflict has left more than 3,000 dead and caused major disruptions to the world’s supply of oil and natural gas, roiling global markets and pushing up the cost of many basic goods.

Trump, who has vacillated between insisting there is progress in diplomatic talks with Iran and threatening to widen the war, had earlier shared footage of the attack on Isfahan.

Fuel prices rise, rattling global markets

Iran’s stranglehold on the strait, the waterway leading out of the Persian Gulf through which a fifth of the world’s oil is transported during peacetime, has driven up global oil prices, as have Tehran’s attacks on regional energy infrastructure.

Spot prices of Brent crude, the international standard, hovered around $107 a barrel Tuesday, up more than 45 per cent since the war started February 28.

In a social media post, Trump directed blame at US allies like the UK and France that have refused to enter a war with no clear endgame that they were not consulted on.

“You’ll have to start learning how to fight for yourself, the USA won’t be there to help you anymore, just like you weren’t there for us. Iran has been, essentially, decimated. The hard part is done. Go get your own oil!” Trump wrote.

He singled out France for not letting planes fly over French territory while taking military supplies to Israel.

France has allowed the US Air Force to use the Istres base in southern France because it had guarantees that planes landing there would not be involved in carrying out strikes.

Allies refuse to get involved

Spain, which has emerged as Europe’s loudest critic of the war, said Monday that it had closed its airspace for US planes involved in the conflict.

Italy recently refused to allow US military assets to use the Sigonella air base in Sicily for an operation linked to the offensive, an official with knowledge of the matter said, confirming a local press report. The official spoke on condition of anonymity because they were not authorised to speak publicly.

Italian Defense Minister Guido Crosetto wrote on X that Italy is still allowing the US to use its bases, adding that there has been no cooling of relations between the two countries.

Iran hits oil tanker as Israel strikes Iran, Lebanon

Israel and the US launched a wave of strikes on Iran, hitting Tehran in the early morning.

The Israeli military said it launched strikes targeting what it described as Hezbollah infrastructure in the Lebanese capital, Beirut. Defense Minister Israel Katz said Israel plans to control the area south of the Litani River — some 30 km north of the border.

Israel invaded southern Lebanon after Hezbollah began launching missiles into northern Israel days after the outbreak of the wider war. Many Lebanese fear another prolonged military occupation.

An Iranian drone hit a Kuwaiti oil tanker off the United Arab Emirates city of Dubai, sparking a blaze that was later put out, the Dubai Media Office said. Authorities said no oil spill resulted.

Four people were wounded by debris from an intercepted drone in Dubai, and air-raid sirens sounded in Bahrain, while Saudi Arabia said it intercepted three ballistic missiles launched toward its capital. Loud explosions were also heard in Israel not long after the military warned of an incoming missile barrage from Iran.

In Iran, authorities say more than 1,900 people have been killed, while 19 have been reported dead in Israel.

Two dozen people have died in Gulf states and the occupied West Bank. In Lebanon, officials said more than 1,200 people have been killed, and more than 1 million displaced.

Ten Israeli soldiers have died in Lebanon, including the four announced Tuesday, while 13 US service members have been killed.

Published on April 1, 2026



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