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Bitcoinsensus

14h

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FIFA Launches Custom Blockchain on Avalanche

FIFA has migrated from Algorand to a custom Avalanche Layer 1 blockchain, gaining full control over its digital ecosystem.
The FIFA Collect app will now include enhanced features like digital ticketing, challenges, and loyalty rewards.
This move signals a broader trend where major brands adopt tailor-made blockchains to scale Web3 engagement.
By launching a custom blockchain on Avalanche, FIFA aims to provide scalability, faster transaction finality, and low fees for global fan engagement.

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Mashable

16h

Ditch Microsoft 365’s fees for the lifetime version

Save $90 on Microsoft Office 2024 Home and Business for PC or Mac through April 27.
Microsoft Office 2024 offers a lifetime license for a one-time payment of $159.97, eliminating the need for monthly subscription fees.
The lifetime license includes Word, Excel, PowerPoint, Outlook, and OneNote, with AI integrations and updated features.
By opting for the lifetime license, users can avoid subscription fees and price hikes, owning the software for life after a one-time purchase.

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626 reads

HinduBusinessLine

16h

Global crude oil prices to trade with a downward bias in 2025 in range of $60 to $70 per barrel: ICICI Bank

Global crude oil prices are forecasted to trade with a downward bias in 2025, ranging between $60 to $70 per barrel, by ICICI Bank.
ICICI Bank revised its Brent crude oil forecasts to range within $60/bbl to $70/bbl for 2025, down from the earlier prediction of $65 to $80 per barrel.
The bank now expects the average crude oil price for 2025 to be around $65 per barrel, attributing the decrease to several global factors affecting price movements.
ICICI Bank anticipates a net supply surplus of 1 million barrels per day throughout 2025, leading to lower oil prices amid subdued global demand and increased production from OPEC and non-OPEC countries.

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646 reads

Bloomberg Quint

16h

Stocks To Buy: GAIL, HAL, NMDC, SAIL, Max Financial Services

Analysts recommend buying GAIL (India) with a target price of Rs 202 and an upside of 4.7%.
HAL is suggested as a 'buy' with a target price of Rs 5,385 and an upside of 6.8%.
NMDC is recommended for buying with a target price of Rs 77 and an upside of 7.3%.
Max Financial Services is advised as a 'buy' with a target price of Rs 1,500 and an upside of 6.1%.
SAIL is also recommended for buying with a target price of Rs 132 and an upside of 5.6%.

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661 reads

Inc42

16h

Aakash Accuses EY India Of Conflict Of Interest In BYJU’S Dispute

Amidst the dispute between BYJU’S and Aakash Educational Services (AESL), AESL has accused EY India of conflict of interest and breach of professional conduct.
AESL's legal team alleged that EY India advised both BYJU’S and Aakash, despite knowing of their hostile relationship, terming it unethical and legally untenable.
The conflict arose following BYJU’S acquisition of Aakash in 2021, leading to governance issues and a fight over control as the troubled edtech faces insolvency proceedings.
AESL demanded EY India to disclose all documents related to transactions involving AESL and warned of legal action for failing to provide necessary information.
AESL emphasized the need to maintain institutional integrity and accused EY India of crossing fiduciary boundaries in a case involving corporate control disputes.
CrestLaw Partners on behalf of Manipal Group raised concerns about EY India's involvement in advising Manipal Group and flagged potential misconduct in the insolvency resolution process.
EY India refuted all allegations, citing client confidentiality and conflict concerns, while Aakash is yet to respond to the accusations.
The conflict intensified with Ranjan Pai's Manipal Group acquiring debt and control in BYJU’S Aakash, leading to disputes over stake dilution and alterations to AoA.
Aakash's moves for external funding faced challenges from stakeholders, with NCLT ordering a status quo on AESL's shareholding amid the ongoing legal battle.
The involvement of EY India as an advisor to both parties has raised conflict of interest concerns and further fueled the BYJU’S-Aakash dispute.
The situation highlights the complexity of corporate governance and conflicts that can arise in high-stakes acquisitions and ownership battles within the edtech sector.

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710 reads

Bloomberg Quint

16h

Stock Market Rally: Sensex Soars Over 950 Points; Nifty Near 24,900 — Key Drivers Behind Market Surge

Sensex surged over 950 points, with Nifty nearing 24,900, driven by positive market sentiment.
All sectoral indices on the Nifty traded in the green except for Pharma, indicating a broad-based recovery.
Global cues were mostly positive, with Asian markets trading higher and US Treasury bonds maintaining gains.
Indian rupee strengthened slightly against the US dollar, opening 4 paise stronger at 85.97 on Friday.

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963 reads

Bloomberg Quint

16h

Image Credit: Bloomberg Quint

Mamaearth Share Price Surges After Q4 Revenue Jump

Honasa Consumer Ltd.'s share price surged by over 17% to a six-month high following a 13.3% increase in revenue for the quarter ended March 31, 2025, reaching Rs 533.5 crore.
Despite a decline in earnings before interest, taxes, depreciation, and amortisation (Ebitda) and net profit, Honasa Consumer Ltd. outperformed Bloomberg's estimates, showcasing strong sales growth and profitability.
The share price of Honasa Consumer Ltd. rose by 16.91% to Rs 321.69 apiece, outperforming NSE Nifty 50's 0.69% advance, and showing a 23.11% decrease over the last 12 months.
According to Bloomberg data, out of 12 analysts tracking the company, six suggest 'buy', two recommend 'hold', and four suggest 'sell', with an average 12-month consensus price target implying a downside of 8.5%.

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941 reads

Bloomberg Quint

16h

Tata Digital CEO Exit: Tata Neu’s Turnaround Story Continues To Remain On Tenterhooks

Tata Digital's CEO, Naveen Tahilyani, has stepped down, adding to the challenges faced by Tata Neu's super app initiative.
His predecessor, Pratik Pal, also left the company about a year ago, after struggling to achieve success with Tata Neu.
Tata Neu, India's first super app, has faced criticism for lack of customer retention, unclear user interface, and the challenge of aligning various acquired entities.
Tata Digital widened its losses to Rs 5,553 crore in FY23 despite efforts to strengthen its brand presence through investments and sponsorships like IPL, alongside facing top deck churn with multiple executive exits.

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838 reads

Bloomberg Quint

16h

Sun Pharma Q4 Review: Strong Domestic Growth Offset By Weakness In US Generics; Systematix Maintains 'Buy'

Sun Pharma's Q4 review shows strong domestic growth offset by weakness in US generics.
Systematix maintains a 'Buy' rating and adjusts its estimates considering updated tax guidance and contributions from new launches in the specialty segment.
Sun Pharma plans a $100 million investment in new launches along with unveiling crucial clinical data on its new chemical entity pipeline, which includes Vibozilimod and Ilumya for psoriatic arthritis.
The clinical data release is expected to significantly influence sentiment regarding Sun Pharma's medium to long-term growth.

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735 reads

Bloomberg Quint

16h

Jindal Polyfilms Share Price Extends Decline to 4% As Fire Continues To Smoulder In Unit's Nashik Plant

Jindal Polyfilms share price extended its decline to 4% as a fire continues to smoulder at the unit's Nashik plant.
The company's shares fell over 11% in four sessions due to the impact of the fire on production and operational disturbances.
The fire at the Nashik plant affected approximately 90% of production, with precautions taken to prevent further damage and control operations ongoing.
Three employees were injured in the incident, and the company is assessing the actual losses with adequate insurance coverage in place.

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809 reads

HinduBusinessLine

16h

Nifty Bank prediction today – May 23, 2025: More room to rise. Wait for dips to go long

Nifty Bank index has intraday resistance at 55,250 with support at 54,950. Expected to rise to 55,500-55,600 but may fall to 54,500 if it breaks 54,950 and falls below 54,850.
Nifty Bank May futures up 0.22% at 55,190 with support at 55,000-54,950. Intermediate resistance at 55,500, may reach 55,800-55,900. Could fall to 54,700 if it breaks below 54,950.
Recommendation is to go long on dips at 55,120 and 55,050 with stop-loss at 54,820. Trail stop-loss up as contract goes up, exit long positions at 55,650.
Supports at 55,000, 54,950. Resistances at 55,500, 55,800.

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484 reads

Bloomberg Quint

16h

ITC Q4 Results Review: Motilal Oswal Maintains 'Buy' On Resilient Cigarette Business; FMCG Remains Muted

ITC has declared a final dividend of Rs 7.8 for Q4 with a total dividend in FY25 of Rs 14.35.
Motilal Oswal maintains a 'Buy' rating on ITC due to the resilient cigarette business and muted FMCG performance.
Cigarette volume growth is stronger compared to FMCG business and other FMCG companies, and the brokerage expects potential valuation re-rating if ITC sustains mid single-digit volume growth in cigarettes.

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923 reads

HRKatha

16h

Lathika Pai files suit against Microsoft India; demands Rs 35.3 cr in damages

Lathika Pai, a former executive at Microsoft India, has filed a suit against the company alleging unfair dismissal.
Pai is seeking Rs 35.3 crore in damages, citing a hostile work environment as the reason for her resignation.
The case was initially heard at the Delhi High Court but later referred to a civil court in Bengaluru.
Pai's resignation was linked to an investigation into a startup initiative at Microsoft that led to internal controversies and alleged mistreatment.

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Bloomberg Quint

16h

Image Credit: Bloomberg Quint

SEBI Board Meeting Likely On June 18; Focus On Ease of Doing Business — Profit Exclusive

SEBI is likely to hold its next board meeting on June 18 with a focus on improving ease of doing business for market participants. The meeting may also discuss the issue of independence of clearing corporations.
SEBI recently held consultations with industry bodies to gather feedback on simplifying regulations and reducing compliance burdens.
The board meeting could involve discussions on the ownership structure of clearing entities and the settlement scheme for brokers associated with algo trading platforms.
Additionally, the meeting may cover proposal papers released in recent months and developments related to the committee on code of conflict of interest of SEBI officials.

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696 reads

Startup Pedia

16h

Flipkart’s Super Money launches cobranded Axis Bank credit card

Flipkart Group's fintech startup super.money aims to achieve profitability by 2025 by expanding its financial services portfolio.
super.money offers a free app for users to send and receive money via UPI in India, with features like superUPI, superDeposit, and superCash.
The company plans to generate revenue from financial services, not just payments, and has launched a co-branded Axis Bank credit card offering 3% cashback for UPI transactions.
super.money aims to issue a million co-branded credit cards in the next year, focusing on customer acquisition and monetization to achieve profitability by the end of the year.

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907 reads

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