A naukri.com initiative
Funding News
Bloomberg Quint
2w
39
Image Credit: Bloomberg Quint
Shailini Warrier Quits As Federal Bank's Executive Director For Entrepreneurial Opportunity
- Shalini Warrier, the executive director of Federal Bank, has resigned to pursue a potential entrepreneurial opportunity.
- Warrier has served the bank for more than 9 years and believes it's an opportune time to step out and pursue her new journey.
- The board of Federal Bank has accepted her resignation and delegated the Managing Director and CEO to decide the actual date of relieving, which will be between May 15 and May 31.
- Warrier has over 28 years of banking experience, previously working with Standard Chartered Bank across various geographies.
Read Full Article
2 Likes
Bloomberg Quint
2w
181
Image Credit: Bloomberg Quint
Amber Enterprises Banks On Electronics Division Growth To Log Margins Of Up To 9.5% By FY29
- Electronics Manufacturing Services company Amber Enterprises expects its electronics division to achieve double-digit margins by fiscal year 2028.
- Amber Enterprises CEO Jasbir Singh anticipates consolidated margin to reach 9% to 9.5% by fiscal year 2029.
- Amber Enterprises plans to invest about Rs 3,000 crore in the production-linked incentive (PLI) scheme for passive electronics components.
- Amber Enterprises' growth in the electronics division can be attributed to acquisitions and the success of the PLI scheme for AC components.
Read Full Article
10 Likes
Bloomberg Quint
2w
162
Image Credit: Bloomberg Quint
Dhanuka Agritech Eyes Rs 2,000-Crore Revenue In FY26, Bolstered By Bayer AG Deal
- Dhanuka Agritech expects to reach a revenue of Rs 2,000 crore in FY26 and Rs 2,300 crore in FY27 driven by a deal with Bayer AG.
- The agreement with Bayer allows Dhanuka Agritech to market two fungicides in over 20 countries across several regions.
- Dhanuka Agritech anticipates a growth of around 17%, with revenue expected to increase from Rs 2,000 crore to Rs 2,300 crore next year.
- Dhanuka Agritech chairman downplayed concerns over the impact of US tariffs, suggesting that India would remain competitive compared to China.
Read Full Article
9 Likes
Bloomberg Quint
2w
178
Image Credit: Bloomberg Quint
NDTV Profit Pulse On April 4 — Top 8 Stories At 8 P.M. Under 8 Minutes
- Oil prices saw a significant drop to a four-year low due to an unexpected surge in OPEC+ output, with Brent crude falling by 14% in two days.
- China retaliated against US tariffs by imposing a 34% tariff on all US imports, escalating the trade war and impacting global economic growth.
- US stock markets experienced a sharp decline following China's trade conflict escalation, with S&P 500, Dow Jones, and Nasdaq Composite all down by 3%.
- Nifty Pharma index witnessed a significant decline due to future tariff announcements by US President Trump, causing a nearly 5% drop and erasing previous gains.
- Both Nifty and Sensex continued a downward trend, reflecting concerns over global trade uncertainties caused by Trump's tariff policies.
- RBI is expected to implement a rate cut in April amid global economic slowdown and uncertainty following Trump's retaliatory tariffs, as predicted by economists.
- HSBC India Services PMI showed significant expansion in March, with the Business Activity Index at 58.5, above the long-term average, indicating continued growth.
- Paytm founder responded to India versus China debate on startups, noting China's advanced ecosystem and India's focus on immediate growth opportunities.
- Other key stories include Siemens Energy Demerger, insights on Trump tariffs, 8th Pay Commission updates, IndusInd Bank Q4 performance, and gold price projections.
- Stay updated with LIVE TV, Stock Market Updates, Business News, and more on NDTV Profit for the latest developments.
Read Full Article
10 Likes
Economic Times
2w
60
Image Credit: Economic Times
ETtech Deals Digest: Startups raise $309.7 million this week; up 3.3x on-year
- Startups raised around $309.7 million between March 29 and April 4, marking an almost 3.3 times increase compared to the same period last year.
- This week, startups across seed, early, and late stages raised funds through 25 deals, compared to 75 deals in the year-ago period, when they raised a total of $92.1 million.
- Top deals for the week: 1) Spinny - closed a $131 million funding round at a valuation of around $1.7-1.8 billion. 2) Scapia - raised $40 million in a funding round led by Peak XV Partners. 3) Infinity Fincorp - raised $40 million in an extended Series A funding round led by Beams Fintech Fund. 4) Pratilipi - closed a $20 million round led by Jungle Ventures.
Read Full Article
3 Likes
TechCrunch
2w
326
Image Credit: TechCrunch
TechCrunch All Stage: Learn how AI can supercharge your MVPs with Chris Gardner
- Underscore VC's investing partner Chris Gardner will lead a breakout session on AI and MVPs at TechCrunch All Stage event in Boston.
- The session will focus on the benefits and limits of AI in developing minimum viable products and its impact on the human element of product construction.
- Chris Gardner, with extensive experience in fintech and other domains, will share his insights on the topic.
- TechCrunch All Stage offers a range of sessions covering various topics, including fundraising, VCs evaluation, and market assessment, among others.
Read Full Article
19 Likes
Bloomberg Quint
2w
230
Image Credit: Bloomberg Quint
Trump Tariffs: Trade Turbulence Ahead, But India May Sail Smooth, Says Neelkanth Mishra
- India may just escape the worst of the storm from the recently announced Trump tariffs, according to Neelkanth Mishra, chief economist at Axis Bank.
- Only three out of the 12 trade groups, which account for 85% of the US imports, will contest the tariffs: Canada, China, and the European Union. Retaliatory measures will be serious only from China.
- The Trump administration aims to maintain a multilateral world order, generate revenue, and weaken the strong US dollar. Uncertainty is expected in global markets for the next six to nine months.
- India may remain relatively insulated from the economic risks. The monetary policy committee is likely to cut rates, with the repo rate potentially coming down to 6%.
Read Full Article
13 Likes
Bloomberg Quint
2w
193
Image Credit: Bloomberg Quint
IndusInd Bank Q4 Updates: Net Advances Down 5.2% QoQ, Deposits Flat
- IndusInd Bank's net advances declined by 5.2% sequentially to Rs 3.48 lakh crore in Q4
- Deposits of IndusInd Bank remained nearly flat at Rs 4.11 lakh crore in Q4
- Current and savings accounts ratio of IndusInd Bank stood at 32.8% in Q4
- Shares of IndusInd Bank closed 3.83% lower at Rs 682.25 apiece on the BSE
Read Full Article
10 Likes
Eu-Startups
2w
182
Grid Edge raises €3.3 million for AI software that helps cut energy costs and carbon
- Grid Edge, a Birmingham-based company, has raised over €3.3 million in funding to expand its team and develop their AI-powered software platform for reducing carbon emissions and energy costs.
- The funding came from various investors including Midlands Engine Investment Fund II, Mercia Ventures, Centrica, bp Ventures, and private investors.
- Grid Edge's platform collects and analyzes data from multiple sources to optimize performance, reducing costs and carbon emissions by an average of 20% with a return on investment in six months.
- The company plans to onboard more businesses, increase its number of locations, and create 15 new jobs in sales, customer support, and technical roles.
Read Full Article
10 Likes
Alleywatch
2w
187
The Most Active Investors in NYC Startups for Q1 2025
- The New York City startup ecosystem shows continued robust investment activity in 2025, with a mix of national and local venture capital firms participating in funding rounds.
- Nineteen firms completed three or more investment deals in NYC-based startups during the first quarter of 2025.
- Y Combinator leads with nine investments, while a diverse set of investors are making strategic bets across various stages and sectors in the NYC market.
- This data provides valuable insights about the most active investors in New York's competitive startup landscape.
Read Full Article
11 Likes
Siliconcanals
2w
409
Image Credit: Siliconcanals
Denmark’s BioCirc raises €40.2M; looks to complete €134M worth of green energy projects by 2025
- Copenhagen-based circular bioeconomic company, BioCirc, has raised €40.2M in an internal fundraising round to support its projects worth €134M by 2025.
- BioCirc plans to expand the Vinkel Biogas plant in Skive to become the world's largest biogas plant and establish a 55-hectare solar park around the facility for renewable electricity.
- The company will construct five carbon capture plants in different locations to capture approximately 1 million tons of CO2 and contribute to municipal climate targets.
- Founded in 2021, BioCirc aims to displace the use of fossil energy locally and owns and operates eight biogas plants in Denmark.
Read Full Article
24 Likes
Bloomberg Quint
2w
387
Image Credit: Bloomberg Quint
Forex Reserves Surge To $665.396 Billion
- India's forex reserves increased by $6.596 billion to reach $665.396 billion in the week ended March 28, according to the RBI.
- Foreign currency assets, the largest part of the reserves, rose by $6.158 billion to $565.014 billion.
- Gold reserves grew by $519 million, reaching $77.793 billion.
- Special Drawing Rights dropped by $65 million to $18.176 billion, and India's IMF reserve position decreased by $16 million to $4.413 billion during the week.
Read Full Article
23 Likes
Guardian
2w
73
Image Credit: Guardian
What will stock market falls over Trump’s tariffs mean for UK pensions and savings?
- Global stock markets have been falling sharply after Trump's announcement of tariffs on goods from around the world.
- People in the UK should be concerned about the stock market falls due to potential impact on pensions and savings.
- UK pension holders could be affected as the downturn in the market reduces investment opportunities and future economic growth.
- Investors are advised not to panic, stay diversified, and consider the potential benefits of buying opportunities in the long run.
Read Full Article
4 Likes
Bloomberg Quint
2w
417
Image Credit: Bloomberg Quint
Of AI And Pizzas: Papa Johns, Google Cloud To Predict Cravings, Deliver AI-Powered Pizza Experiences
- Google Cloud and Papa Johns have announced an expanded partnership to improve the pizza maker's ordering and delivery experience using artificial intelligence.
- Papa Johns aims to elevate customer experience by anticipating personal cravings, optimizing delivery routes, and providing tailored recommendations and offers.
- The partnership will leverage Google Cloud's AI, data analytics, and machine learning capabilities to create more consistent experiences both inside the restaurants and through digital channels.
- Key projects include anticipating customer needs, hyper-personalized loyalty experiences, predictive ordering and personalized marketing, AI-powered customer interactions, and optimizing restaurant operations.
Read Full Article
25 Likes
Bloomberg Quint
2w
139
Image Credit: Bloomberg Quint
Reciprocal Tariff Could Be Favorable For India’s Textile Sector — Read Systematix' Analysis
- Reciprocal tariffs announced by US President Donald Trump could be favorable for India's textile sector, providing a competitive edge for sourcing US apparel brands.
- India has strong demand visibility, comparatively lower tariffs, rising labor costs in Vietnam, a strong production base, and government support in the textile sector.
- The differential in tariff rates gives India an advantage over higher-tariff countries, making it an attractive sourcing destination for US apparel brands like GAP and Walmart.
- Despite near-term uncertainties, Systematix Institutional Equities remains optimistic about the prospects of India's textile sector in light of the reciprocal tariffs.
Read Full Article
8 Likes
For uninterrupted reading, download the app