A naukri.com initiative
Funding News
Bloomberg Quint
2w
258
Image Credit: Bloomberg Quint
BFSI Q4 Results Preview: Muted Earnings Off A High Base, Says Dolat Capital; Muthoot Finance Among Top Picks
- Credit cost is normalizing at higher levels but remains contained, adds Dolat Capital.
- NIM across several banks will benefit from SA rate cut during the quarter including Kotak Mahindra Bank, IndusInd Bank, RBL Bank, City Union Bank, DCB Bank, Federal Bank, CSB.
- Slippages in credit card and personal loan have likely peaked, but MFI delinquencies will likely be at elevated levels.
- Expect robust growth trends for affordable housing financiers at 8% QoQ, with sequential improvement in asset quality.
Read Full Article
15 Likes
Bloomberg Quint
2w
331
Image Credit: Bloomberg Quint
Dubai Crown Prince Sheikh Hamdan To Visit India On April 8-9 To Boost Strategic Ties
- Dubai Crown Prince Sheikh Hamdan bin Mohammed Al Maktoum is set to visit India on April 8-9.
- His visit aims to strengthen the bilateral ties across key strategic sectors.
- During the visit, he will hold meetings with External Affairs Minister S Jaishankar and Defence Minister Rajnath Singh.
- He will also participate in a business roundtable to enhance economic and commercial cooperation between India and UAE.
Read Full Article
19 Likes
Bloomberg Quint
2w
64
Image Credit: Bloomberg Quint
Aviation Watchdogs Face Manpower Shortage Of Up To 48%
- Aviation watchdogs DGCA and BCAS and state-owned AAI are facing a significant shortage of manpower with vacant positions ranging from 37% to 48%.
- Nearly 48% of the posts are vacant at the Directorate General of Civil Aviation, while it is 37% in the case of the Bureau of Civil Aviation Security and the Airports Authority of India.
- State-owned AAI plans to hire 1,098 people at the executive level in the current financial year, while there are 224 vacancies out of the sanctioned 598 positions in BCAS.
- Out of the total sanctioned strength of 25,730 posts at AAI, 9,502 positions are vacant.
Read Full Article
3 Likes
Bloomberg Quint
2w
353
Image Credit: Bloomberg Quint
Apple Developing 'Bold New' Pro Model For iPhone's Anniversary, Says Mark Gurman
- Bloomberg's Mark Gurman watered down earlier reports that Apple was planning big changes to the iPhone 17 Pro. The new Pro model will resemble the iPhone 16 Pro more than previously thought.
- The front of the iPhone 17 Pro will appear quite similar to the 16 Pro, but with a new rear camera design.
- Apple is preparing a major shake-up for the iPhone's 20th anniversary, including a foldable version and a bold new Pro model that makes more extensive use of glass.
- The 20th anniversary Pro model could fulfill Apple designer Jony Ive's original vision for the iPhone, with a design resembling a single sheet of glass.
Read Full Article
21 Likes
Bloomberg Quint
2w
366
Image Credit: Bloomberg Quint
PM Mudra Yojana: Loans Worth Rs 33.6 Lakh Crore Disbursed
- The government has disbursed over 52.3 crore loans worth Rs 32.9 lakh crore under the PM Mudra Yojna, with a non-performing asset ratio of 3.6% for public sector banks.
- Around 20% of the loans were given to new entrepreneurs, while 68% have been granted to women and 50% to SC/ST/OBC borrowers.
- Before the launch of the scheme, many small businesses struggled to access formal credit and were often forced to borrow from moneylenders charging exorbitant interest rates.
- The target for the next fiscal is to disburse another Rs 5-6 lakh crore under the PM Mudra Yojana.
Read Full Article
22 Likes
Bloomberg Quint
2w
258
Image Credit: Bloomberg Quint
Petrol, Diesel Price Cut Possible If Brent Stays At $60: Oil Minister Puri
- If prices remain at $60 a barrel, consumers can expect cut in prices of petrol and diesel.
- The hike in excise duty will not impact domestic retail prices of petrol and diesel.
- The duty on diesel now stands at Rs 10 per litre and on petrol at Rs 13 per litre.
- The average price per LPG cylinder has been increased by Rs 50 citing rising international LPG prices.
Read Full Article
15 Likes
Bloomberg Quint
2w
370
Image Credit: Bloomberg Quint
Trump Tariffs: Commerce Ministry To Meet Exporters On Wednesday To Discuss Impact
- The Ministry of Commerce will meet with exporters to discuss the impact of US President Donald Trump's tariffs.
- The meeting will be chaired by Commerce and Industry Minister Piyush Goyal.
- The government seeks feedback on reciprocal-tariff impact and ongoing negotiations with the US for a bilateral trade agreement.
- Exporters are facing difficulties due to Trump's tariffs, and the government plans to implement incentives to address declining outbound shipments.
Read Full Article
22 Likes
Bloomberg Quint
2w
254
Image Credit: Bloomberg Quint
LPG Price To Increase By Rs 50 Per Cylinder On Tuesday
- The price of LPG cylinder for general consumers will rise to Rs 853 in the national capital, whereas the same will increase to Rs 550 for Ujjwala Yojana beneficiaries.
- The price of liquified petroleum gas will be increased by Rs 50 per cylinder on Tuesday, April 8, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri announced.
- The hike in cooking gas rates will also be applicable for cylinders issued to beneficiaries under the Pradhan Mantri Ujjwala Yojana scheme.
- Under the Ujjwala scheme, the government provides LPG cylinders to women belonging to the below poverty line group across rural India at subsidised rates.
Read Full Article
15 Likes
Bloomberg Quint
2w
137
Image Credit: Bloomberg Quint
Financial Services Q4 Results Preview: DRChoksey Expects Stress To Bottom Out; HDFC AMC Among Top Picks
- DRChoksey expects stress to bottom out in the financial services sector.
- HDFC AMC and Poonawalla Fincorp are DRChoksey's top picks in the sector due to their strong brand equity and market positioning.
- The mutual fund industry's net AUM declined from Rs 67.25 Tn to Rs 64.53 trillion in February 2025, despite net inflows of Rs 400.6 billion during the month.
- DRChoksey remains optimistic about high-quality NBFCs with diversified asset profiles and prudent risk management as credit cycles normalize and digital leverage reflects in margins and return ratios.
Read Full Article
8 Likes
Eu-Startups
2w
25
pyannoteAI raises €8 million to build the first Language-Agnostic Speaker Intelligence Platform
- Paris-based pyannoteAI has raised €8.1 million in a seed funding round.
- The funding will be used to develop a Language-Agnostic Speaker Intelligence Platform.
- pyannoteAI's technology focuses on understanding who is speaking, how they are speaking, and why it matters.
- The platform aims to provide speaker intelligence for enterprise-grade speech applications and real-time analysis.
Read Full Article
1 Like
SiliconCanals
2w
21
Image Credit: SiliconCanals
Italian startup Axyon AI bags €4.3M to accelerate AI-powered financial market forecasting
- Axyon AI, an Italian startup that provides predictive AI-powered solutions for the investment management sector, has raised €4.3M in funding led by CDP Venture Capital, with participation from other investors including Green Sands Equity and Montage Ventures.
- CDP Venture Capital manages over €3B in resources and focuses on supporting innovative enterprises, with a particular interest in the use of artificial intelligence in the business world.
- The funding will be used to expand Axyon AI's AI coverage of financial markets and develop solutions for AI explainability in investment management.
- Axyon AI integrates a wide range of data and proprietary technology to provide asset managers, hedge funds, and financial infrastructure providers with strategic insights for enhanced investment strategies.
Read Full Article
1 Like
Bloomberg Quint
2w
176
Image Credit: Bloomberg Quint
Stock Market Crash Highlights: Nifty, Sensex Hit 10-month Low As Global Selloff Jolts Indian Markets
- The NSE Nifty 50 and BSE Sensex hit a 10-month low as global selloff jolts Indian markets.
- Nifty fell by 3.24% and Sensex closed down by 2.95%.
- Asian markets plunged the most in 14 years, following Wall Street's decline.
- Nifty companies lost Rs 5.18 lakh crore in market capitalization on this day.
Read Full Article
10 Likes
Bloomberg Quint
2w
30
Image Credit: Bloomberg Quint
Tata Group Stocks Lose Rs 90,000 Crore In Market Cap — Trent, Tata Steel, Tata Tech Lead Decline
- Tata Group stocks shed nearly Rs 90,000 crore in market cap.
- Trent, Tata Steel, Tata Technologies, and Indian Hotels Co. recorded the largest declines.
- Trent's stock price fell almost 18% to a near one-year low.
- Tata Motors saw a nearly 13% decline as a result of Jaguar Land Rover's pause on exports to the US.
Read Full Article
1 Like
Bloomberg Quint
2w
374
Image Credit: Bloomberg Quint
boAT Parent Firm Files Draft Papers For IPO Via Confidential Pre-Filing
- boAt's parent company, Imagine Marketing, has filed draft papers for an IPO via confidential pre-filing.
- This marks the company's second attempt to go public.
- The confidential pre-filing route allows the company to withhold public disclosure of details until later stages.
- This route provides flexibility and reduces pressure on companies to go public.
Read Full Article
22 Likes
Bloomberg Quint
2w
353
Image Credit: Bloomberg Quint
BPCL, HPCL, IOC Share Prices Decline: Government Increases Excise Duty On Petrol, Diesel
- The government announced an increase in excise duty on petrol and diesel by Rs 2 each.
- The stock prices of major oil marketing companies (OMCs) in India, such as BPCL, HPCL, and IOC, saw a decline.
- Starting April 8, 2025, the excise duty on petrol will be increased to Rs 13 per litre, and the excise duty on diesel will be increased to Rs 10 per litre.
- The increase in excise duty may impact the profitability and demand for fuel, affecting OMCs in the petroleum sector.
Read Full Article
21 Likes
For uninterrupted reading, download the app