A naukri.com initiative
Funding News
Medium
2w
172
Image Credit: Medium
AI Agents in Finance and Business: Asia and India’s Transformative Landscape
- Asia's BFSI sector is adopting AI to enhance efficiency and expand reach.
- AI agents with multilingual capabilities are making basic banking accessible to remote populations.
- AI credit scoring using alternative data is enabling thin-file customers to access loans.
- AI agents are redefining the frontlines of banking by automating and enhancing various financial processes.
Read Full Article
10 Likes
Bloomberg Quint
2w
448
Image Credit: Bloomberg Quint
Nifty IT Falls To Nearly 17-Month Low As Market Crashes Amid Trade War Concerns
- Nifty IT index fell over 7% on Monday, hitting a near 17-month low, as stock market crashed amid trade war fears.
- Coforge, Mphasis, HCL Technologies, Persistent Systems, and Infosys led the decline on the IT index.
- The IT sector's fortunes are highly linked to the US macro environment as discretionary spending by American companies drives IT services demand.
- Expensive valuations, weak earnings, and policy uncertainties contributed to the decline in tech stocks globally.
Read Full Article
21 Likes
Bloomberg Quint
2w
265
Image Credit: Bloomberg Quint
IT Services, Internet, Software, KPO Q4 Results Preview: Weakening Macro To Curb Growth — Dolat Capital
- Paytm is the top pick due to its anticipated shift to Adj-Ebitda positivity in Q4 and key growth triggers.
- In Q4, CC revenue growth for tier1 IT companies is expected to be flat to marginally negative.
- Key commentary to watch will be client budgeting and spend outlook for CY25 and readiness against changes led by AI.
- Paytm stands out as the brokerages' top pick, due to its anticipated shift to Adj-Ebitda positivity in Q4 along with several key growth triggers to drive growth/earnings/re-rating.
Read Full Article
9 Likes
Bloomberg Quint
2w
142
Image Credit: Bloomberg Quint
Siemens Shares Hit 20% Upper Circuit On Ex-Date For Energy Business Spin-Off
- Shares of Siemens Ltd. were locked in 20% upper circuit on the ex-date for the spin-off of its energy business into a new entity, Siemens Energy India Ltd.
- Under the approved demerger ratio of 1:1, shareholders will receive one Siemens Energy India share for each Siemens share held.
- Passive fund managers will retain Siemens Energy India in the NSE and BSE indices until three days after the company lists on Indian exchanges.
- Siemens India shares were locked in upper circuit at Rs 2,940, with 20% gain, compared to a decline in the NSE Nifty 50.
Read Full Article
8 Likes
Bloomberg Quint
2w
220
Image Credit: Bloomberg Quint
No Heatwave Relief For Delhi, Gujarat, Rajasthan — Check Four-Day IMD Weather Forecast
- Heatwave conditions are expected in Gujarat, Rajasthan, Haryana, Chandigarh, Delhi, and Punjab for the next 4-5 days, according to the India Meteorological Department.
- Rainfall and thunderstorms are expected in east India between April 7 and 10.
- Maximum temperatures in northwest India, Maharashtra, and south Peninsular India will rise by 2-4°C over the next four days, followed by a decrease of 2-3°C in the subsequent three days.
- Gujarat will see an increase in maximum temperature by 2°C over the next two days, followed by a decline.
Read Full Article
13 Likes
Economic Times
2w
256
Image Credit: Economic Times
Bare Anatomy parent Innovist raises Rs 136 crore from ICICI Venture, others
- Innovist, the parent company of brands like Bare Anatomy and Chemist at Play, has raised Rs 136 crore in a funding round led by ICICI Venture.
- The funding round included participation from Mirabilis Investment Trust, Niveshaay Investment, and existing investor Sauce VC.
- The funds will be utilized for product innovation, expansion into new markets, and team building.
- Innovist is one of the fastest growing BPC companies in India, crossing Rs 300 crore revenue in FY25.
Read Full Article
15 Likes
Bloomberg Quint
2w
302
Image Credit: Bloomberg Quint
Automobiles Q4 Results Preview: Motilal Oswal Projects An Uneventful Quarter; Maruti Suzuki Among Top Picks
- Motilal Oswal projects an uneventful quarter for the automobile industry.
- Maruti Suzuki is among Motilal Oswal's top picks.
- Except for tractors, all other segments in the automobile industry witness subdued demand.
- Companies with high global exposure may face prolonged uncertainty due to the ongoing global tariff war.
Read Full Article
18 Likes
Economic Times
2w
2.5k
Image Credit: Economic Times
Digital payment company Easebuzz bags $30 million lead by Bessemer
- Pune-based digital payments player Easebuzz has raised Rs 240 crore ($30 million) in a funding round led by Bessemer Venture Partners.
- The round included Rs 200 crore in primary capital and Rs 40 crore in secondary capital.
- Easebuzz plans to go for an IPO in the next two to three years.
- The company aims to invest the funds in brand building, attracting talent, and expanding into cross-border payments.
Read Full Article
11 Likes
Bloomberg Quint
2w
412
Image Credit: Bloomberg Quint
Stock Market Crash Triggers Meme Fest — 'Orange Is The New Black' And More
- A wave of panic swept through global financial markets on Monday triggering sharp sell-offs across Asia and sending Indian stocks into a freefall.
- The Sensex plunged by over 3,000 points while Nifty 50 sank below the 21,900 mark, reflecting the scale of investor anxiety.
- Social media platforms were flooded with memes, with traders clutching their heads and tongue-in-cheek jokes comparing the market meltdown to Donald Trump's signature hairdo.
- Beijing's announcement of a sweeping tariff on all US imports further escalated trade tensions, contributing to the stock market crash.
Read Full Article
24 Likes
Bloomberg Quint
2w
414
Image Credit: Bloomberg Quint
Building Materials Q4 Results Preview: To See Another Muted Quarter, Projects HDFC Securities
- Building Materials Q4 Results Preview: To See Another Muted Quarter, Projects HDFC Securities
- Century Plyboards remains HDFC Securities' top pick within the sector.
- HDFC Securities maintains its existing ratings on all the stocks under its coverage.
- HDFC Securities anticipates a recovery in plumbing demand in FY26, but expects challenges in the tiles industry.
Read Full Article
24 Likes
Bloomberg Quint
2w
6.7k
Image Credit: Bloomberg Quint
Glenmark Pharma Names Former Jindal Stainless CFO Anurag Mantri As President, Global CFO
- Glenmark Pharmaceuticals has appointed Anurag Mantri as President and Global CFO.
- Mantri's candidature for the position will be presented to the Audit Committee, Nomination and Remuneration Committee, and the Board for approval.
- Mantri has over 24 years of experience in business finance and strategic planning, previously working as the CFO of Jindal Stainless.
- Glenmark Pharma stock has fallen over 6.79% year-to-date and 47.42% in the past 12 months.
Read Full Article
15 Likes
Bloomberg Quint
2w
357
Image Credit: Bloomberg Quint
Sun Pharma, Divi's Labs & Cipla Shares Drag Pharma Stocks To Over 10-Month Low
- Sun Pharma, Divi's Labs & Cipla Shares Drag Pharma Stocks To Over 10-Month Low
- The market-cap of Nifty Pharma company declined Rs 40,476 crore to Rs 15.62 lakh crore as of 9:27 a.m.
- The NSE Nifty Pharma index has extended losses to a second day due to concerns over tariffs from the US.
- Sun Pharmaceutical Industries Ltd. and Divi's Laboratories contribute the most to the decline in the index.
Read Full Article
17 Likes
Bloomberg Quint
2w
185
.jpg?w=1200&auto=format%2Ccompress&ogImage=true)
Image Credit: Bloomberg Quint
Nykaa Share Price Falls 6% Despite Q4 Update Signalling Steady Growth
- Nykaa's shares fell 6.11% despite expecting growth in Q4 of fiscal 2025.
- Nykaa's consolidated net revenue is expected to grow in the low to mid-20s year-on-year for Q4.
- The company's beauty vertical is estimated to see Gross Merchandise Value growth in the low-30s.
- GMV growth in the fashion vertical is expected to be in the high teens.
Read Full Article
11 Likes
Bloomberg Quint
2w
104
Image Credit: Bloomberg Quint
Nifty Auto Plummets Over 6% After JP Morgan Highlights Potential Trouble Following Tariffs
- The Nifty Auto index plunged over 6% on Monday, led by a sharp decline in Bharat Forge shares, which fell by 10%.
- JP Morgan's report highlighted the potential earnings impact on Indian auto suppliers following the recent imposition of a 25% tariff on automobiles and parts by the US.
- The report identified Samvardhana Motherson International, Bharat Forge, and Sona Comstar as the most affected under JP Morgan's coverage.
- Indian suppliers, however, have strong balance sheets and should be able to mitigate the impact through capacity investments and acquisitions of smaller suppliers over time.
Read Full Article
6 Likes
Bloomberg Quint
2w
375
Image Credit: Bloomberg Quint
Goa Board Class 10 Results To Be Announced Today: Here’s How To Check Score, Download Marksheet
- The Goa Board of Secondary and Higher Secondary Education (GBSHSE) will announce the SSC (Class 10) result 2025 at 5 p.m. on Monday, April 7.
- The Goa SSC (Class 10) exams were held in March, and a total of 18,838 students appeared.
- This year, the Goa board SSC (Class 10) results can be checked on the official websites of GBSHSE.
- To get a consolidated result sheet, students will have to visit service1.gbshse.in and enter their credentials to access the document.
Read Full Article
22 Likes
For uninterrupted reading, download the app