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Bloomberg Quint
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Titan Q4 Update: Revenue Rises 25% Lead By Jewellery Business
- Titan Co.'s revenue rose 25% year-on-year in the quarter ended March.
- The mainstay jewellery business grew 25% over the previous year, driven by elevated gold prices.
- Other businesses, including fragrances and fashion accessories, grew 26% year-on-year, with 12% growth in fashion accessories.
- Caratlane, a popular jewellery brand under Titan, registered 22% year-on-year growth in a quarter of strong gold consumer preference.
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SiliconCanals
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On World Health Day, meet the Dutch healthtech startups that raised funding in 2025; 5 of them are hiring
- 5 Dutch healthtech startups that raised funding in 2025 are highlighted.
- Cortalix, based in Groningen, raised €1M for antibody fragment development.
- Sencure from Roden secured €3.9M for medical wearable biosensors.
- VarmX in Leiden focuses on blood clotting therapies and got a €15M equity investment.
- QT Sense from Groningen raised €6M for its Quantum Nuova single-cell Nano-MRI platform.
- Surgical Reality in Amsterdam developed software for patient-specific 3D surgical planning.
- Phlecs in Eindhoven works on inflammatory skin conditions and offers Blue LED Therapy.
- Sirius Medical, also in Eindhoven, aims to improve cancer care with precise tumour removal solutions.
- Bimini Biotech in Leiden closed a €3M seed round for therapies targeting haematological cancers.
- Leyden Labs, Leiden, raised $70M for broad-spectrum antiviral platform development.
- Alesta Therapeutics in Leiden completed a €65M Series A funding round for rare disease small-molecule therapies.
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Bloomberg Quint
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340
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Monday Mayhem: FPIs Sell Highest Since Feb. 28 Amid Market Rout
- Foreign portfolio investors continued selling stocks for the sixth day in a row on Monday, net offloading around Rs 9,040.01 crore worth of shares, based on provisional data from the National Stock Exchange. This marks the largest sell-off by FPIs since Feb. 28.
- Domestic institutional investors turned net buyers after a selling session as they mopped up equities worth Rs 12,122.45 crore. This indicates the largest buying by domestic investors since Feb. 28.
- India's benchmark equity indices hit 10-month low and ended with losses on Monday, extending declines for the third straight session. This came on a day when most Asian markets faced mayhem, cumulatively plunging the most in 14 years.
- The NSE Nifty 50 ended 742.85 points or 3.24% lower at 22,161.60, while the BSE Sensex closed 2,226.79 points or 2.95% down at 73,137.90.
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Bloomberg Quint
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Trump-Tariff Effects Can Be Irreversible If Not Resolved Quickly: JPMorgan's Jamie Dimon
- If the tariff policies of US President Donald Trump do not resolve trade issues quickly, the negative effects can snowball and become hard to reverse, according to Jamie Dimon, chief executive officer of JPMorgan Chase & Co.
- The potential negative effects of the tariff policies include retaliatory actions by other countries, impact on investor and business confidence, capital flows, corporate profits, and the possible effect on the US dollar.
- The US implemented a minimum 10% tariff on all goods imports, and additional levies on major trading partners are set to kick in to take the effective tariff rate to near 25%, inviting retaliation from China and the European Union.
- Dimon's main concern is how these tariff policies will affect America's long-term economic alliances, and he hopes that the long-term effect will have some positive benefits for the United States.
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TechCrunch
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IBM acquires Hakkoda to continue its AI consultancy investment push
- IBM has acquired Hakkoda, a data and AI consultancy based in New York.
- The acquisition expands IBM's ability to provide consultants and AI to clients, especially in the financial services, public sector, healthcare, and life sciences industries.
- The financial terms of the deal were not disclosed.
- Hakkoda's consultants will now join IBM's consulting division, enhancing their industry-focused modern data consulting offerings.
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Bloomberg Quint
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Oil Prices: Brent Partially Recovers From Day's Lows, Heads Towards $65 Per Barrel
- The international oil prices partially recovered after plunging over 4% to decline to slip below $63 a barrel on Monday.
- At 7:20 pm (09:50 am EST) on Monday, global crude benchmark Brent was trading 1.52% lower at $64.58 a barrel.
- The US West Texas Intermediate (WTI), the American oil benchmark, was trading 1.5% lower at $60.97 per barrel.
- Saudi Arabia's significant cut in its flagship oil price is the reason behind the recent decline in oil prices.
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TechCrunch
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SignalFire raises over $1B as LPs embrace data-driven investing
- Venture firm SignalFire, known for its data-driven investing approach, has raised over $1 billion in fresh capital.
- SignalFire integrates AI into every aspect of its investing process, helping identify startups and assisting portfolio companies with recruiting and product marketing.
- The new funding brings SignalFire's total assets under management to about $3 billion, making it an established manager in the industry.
- The firm's focus on seed and pre-seed startups, along with its ability to invest at later stages, attracted interest from large institutional investors.
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Eu-Startups
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Osney Capital unveils first UK cybersecurity Seed Fund, surpassing €58 million target
- Osney Capital announces the first UK cybersecurity Seed Fund, surpassing €58 million target.
- The fund received a cornerstone investment from the British Business Bank and is accredited by the UK’s National Security Strategic Investment Fund (NSSIF).
- Osney Capital plans to invest in 30 portfolio companies at pre-Seed and Seed stage, focusing on UK cyber founders.
- The UK's cybersecurity industry is growing rapidly, driven by increasing cyber threats and the adoption of AI and other technologies.
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Bloomberg Quint
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348
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WhatsApp's Planned New Features: Mute Button, Emoji In Video Calls, Advanced Chat Privacy
- WhatsApp is launching a new set of capabilities for users as part of its Android app update through the Google Play Beta Program.
- Three new features aim to improve voice and video calling: Mute Button, Turn Off Video Before Joining, and Emoji Reactions.
- Another new feature is the Advanced Chat Privacy, which includes preventing media from being automatically stored, disallowing export of chat history, and restricting communication with Meta AI.
- These features are currently available to some beta testers and will be rolled out to more users in the coming weeks.
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Bloomberg Quint
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357
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See-Saw At Wall Street: S&P 500 Rebounds After Entering Bear Market
- The US stock market opened in the red on Monday, with S&P 500 plunging around 4% to enter into bear market territory.
- But barely an hour into the trade, a reversal was witnessed with S&P 500 rising more than 1.5% and Dow Jones gaining by over 700 points.
- The volatility at the Wall Street continued as the main indices again started edging lower.
- The S&P 500 has fallen 20% from its peak high of 6,147 hit on Feb. 19.
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Bloomberg Quint
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Nirmala Sitharaman Starts Week-Long Trip Across UK, Austria
- Finance Minister Nirmala Sitharaman will start a week-long official visit to the UK and Austria.
- She will participate in the India-UK Economic and Financial Dialogue, conduct bilateral meetings, and engage with investors and business leaders.
- The 13th EFD dialogue will focus on financial collaboration, investment matters, taxation, and illicit financial flows.
- Sitharaman will also deliver a keynote address at the India-UK Investor Roundtable and hold bilateral meetings in Austria.
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Bloomberg Quint
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301
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IPL 2025: Fantasy Sports Lead Brand Recall, Liquor Least Popular
- Two-thirds of IPL viewers remember fantasy sports brands, making it the most recalled category.
- Tyre brands are recalled by one-third of the viewers, while sport and fitness brands have minimal impact.
- Liquor emerges as the least popular category among the audience.
- Kolkata Knight Riders become the most popular IPL team, followed by Chennai Super Kings.
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Futurefundraisingnow
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Economic chaos is upon us; should fundraisers panic?
- The recent stock market crash has led to economic chaos and poses a major challenge for fundraisers.
- Charitable giving tends to track with the stock market, and with retirement accounts being affected, donors may have less to give.
- Cuts to Federal programs and the impact of tariffs targeting lower and middle-income people may further decrease charitable giving.
- While panic may be tempting, fundraisers should avoid making panic decisions and instead focus on maintaining fundraising efforts.
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Economic Times
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Image Credit: Economic Times
Semiconductor startup Calligo Technologies raises $1.1 million from Seafund, Artha Venture Fund
- Indian semiconductor startup, Calligo Technologies, has raised $1.1 million in a pre-Series A funding round led by Seafund and Artha Venture Fund.
- The funds will be used to develop version 2.0 of Calligo's Posit-based silicon chip, expand the engineering team, and build partnerships with system integrators, OEMs, and ODMs.
- Calligo Technologies aims to address the computing efficiency of high-performance computing (HPC) and AI workloads by using its Posit-based chip, which promises improved speed, energy efficiency, and dynamic range.
- The Indian semiconductor market, valued at $6.67 billion in 2024, is projected to reach $14.09 billion by 2032, with an increasing demand for faster silicon and power-efficient solutions.
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Bloomberg Quint
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258
Image Credit: Bloomberg Quint
Credit Card Defaults Rise 28% in 2024, Surpass Rs 6,700 Crore: RBI Data
- NPAs in the credit card segment increased by 28% in 2024, surpassing Rs 6,700 crore, according to RBI data.
- The gross NPAs in the credit card segment grew by nearly Rs 1,500 crore from December 2023 to December 2024.
- Credit card NPAs accounted for 2.3% of the gross loan outstanding of Rs 2.92 lakh crore in December 2024.
- Credit card transactions increased to Rs 18.31 lakh crore during the financial year ending in March 2024.
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