A naukri.com initiative
Funding News
Bloomberg Quint
1d
239
Image Credit: Bloomberg Quint
Isuzu Motors India's CV Exports Surge 24% To Lead Fiscal 2025 Market
- Isuzu Motors India's commercial vehicle exports grew by 24% to 20,312 units in FY25, leading among CV exporters in the country.
- Isuzu continues to expand its global presence, particularly in the pickup category, by leveraging India as a manufacturing base.
- The company operates a manufacturing facility in Sri City, catering to markets across Asia and the Middle East.
- Isuzu Motors India started operations in 2016 and has recently rolled out its 100,000th vehicle from the Sri City facility.
Read Full Article
14 Likes
Bloomberg Quint
1d
238
Image Credit: Bloomberg Quint
'Many Gensol In Hiding': Vijay Kedia Lists 10 Red Flags For A Potential Scam
- Vijay Kedia lists 10 red flags to identify potential scams.
- Companies that talk big and overpromise, and maintain constant media presence are red flags.
- Other red flags include overuse of buzzwords, lavish promoter lifestyles, and excessive related-party transactions.
- Securities and Exchange Board of India (SEBI) bars Gensol Engineering and its executives from securities markets due to alleged diversion of funds.
Read Full Article
14 Likes
Bloomberg Quint
1d
262
Image Credit: Bloomberg Quint
‘Effective Immediately’ Jaggis Not Participating In Management, Says Gensol Engineering
- Gensol Engineering Ltd. has confirmed that the Jaggis are no longer participating in the management of the company as per SEBI's instructions.
- SEBI has issued an interim order against Gensol Engineering and its promoters, barring them from holding positions and from the securities markets.
- The company denies any undisclosed events and is committed to transparency and corporate governance.
- Gensol Engineering's stock closed 4.99% lower at Rs 123.65 apiece on the BSE.
Read Full Article
15 Likes
Bloomberg Quint
1d
352
Image Credit: Bloomberg Quint
Buy, Sell Or Hold: Alkem, TVS Motor, Clean Science, Nesco, PG Electroplast — Ask Profit
- Analysts shared insights on Alkem Laboratories, TVS Motor, Clean Science and Technology, Nesco, PG Electroplast (PGEL), Ion Exchange (India), and Ola Electric Mobility.
- Alkem Laboratories (CMP: Rs 4,956.5) is not suitable for long-term investment purposes. Investors should consider more liquid stocks.
- TVS Motor (CMP: Rs 2,617.5) has consistently outperformed the index. It is recommended to hold the stock with a stop loss below Rs 2,200.
- Clean Science and Technology (CMP: Rs 1,185.15) may be retained, but short-term rewards are unlikely in the chemical business challenges.
Read Full Article
20 Likes
Bloomberg Quint
1d
224
Image Credit: Bloomberg Quint
SJVN Pays Rs 121-Crore Interim Dividend To Himachal Pradesh Government
- SJVN Ltd. has paid an interim dividend of Rs 121.33 crore to the Himachal Pradesh government for the financial year 2024-25.
- For FY25, an interim dividend of Rs 451.93 crore has been declared by SJVN. Rs 248.55 crore has been paid to the Government of India and Rs 82.05 crore has been paid to public shareholders as interim dividend.
- SJVN is engaged in the implementation of 95 power projects across India and Nepal, spanning hydro, solar, wind, pumped storage, and thermal power generation.
- The company's installed capacity is 2,708.27 MW and it has ambitious growth targets of reaching 25,000 MW by 2030 and 50,000 MW by 2040.
Read Full Article
13 Likes
Bloomberg Quint
1d
42
Image Credit: Bloomberg Quint
Yes Bank Gets Demand Notice Of Rs 292 Crore
- Yes Bank has received a demand notice for Rs 292.29 crore for the assessment year 2016-17.
- The bank says the demand appears to be unsubstantiated and will file a rectification application with JAO/CPC.
- The Jurisdictional Assessing Officer passed a rectification order to correct the mistake in the reassessment order.
- Yes Bank will pursue all available remedies, including filing an appeal before the first-level appellate authority.
Read Full Article
2 Likes
Bloomberg Quint
1d
131
Image Credit: Bloomberg Quint
Waaree Renewable Technologies Q4 Results: Profit Jumps 83%
- Waaree Renewable Technologies reported a 83% increase in net profit for the fourth quarter.
- The company's revenue from operations rose by 74% in the same period.
- Earnings before interest, taxes, depreciation and amortisation increased by 68%.
- The board also approved the appointment of Manmohan Sharma as the chief financial officer.
Read Full Article
7 Likes
Bloomberg Quint
1d
131
Image Credit: Bloomberg Quint
Reliance Industrial Infrastructure Board Recommends Dividend Of Rs 3.5
- The board of Reliance Industrial Infrastructure Ltd. has recommended a dividend of Rs 3.50 per equity share of Rs 10 for the financial year that ended on March 31, 2025.
- The audited financial statements, both consolidated and standalone, for the financial year 2025 were approved in the board meeting that took place on April 16.
- RIIL had reported over a 25% dip in its net profit for the third quarter.
- RIIL provides infrastructure support services to Reliance Industries Group.
Read Full Article
7 Likes
Eu-Startups
1d
263
British startup Portia AI bags €5 million to help developers build AI agents in production with better human oversight
- London-based startup Portia AI secured €5.1 million in funding to empower developers with the tools to build production-grade AI agents with better human oversight.
- The funding round was led by General Catalyst and supported by First Minute Capital and Stem AI.
- Portia AI, co-founded by former Stripe and Google leads, offers an open-source SDK to build controllable and authenticated agents and provides complimentary cloud features for easy production deployments.
- The company aims to address the challenges of deploying reliable agents in production and is focused on creating more reliable AI agents for various applications.
Read Full Article
15 Likes
Bloomberg Quint
1d
322
Image Credit: Bloomberg Quint
FPIs Stay Net Buyers For A Second Session, Mop Up Equities Worth Rs 3,936 Crore
- Foreign portfolio investors (FPIs) stayed net buyers of Indian equities for the second consecutive session, acquiring stocks worth Rs 3,936.42 crore.
- The domestic institutional investors, on the other hand, remained net sellers for the second day, offloading equities worth Rs 2,512.77 crore.
- In April, FPIs have sold shares worth Rs 33,927 crore, while in 2025 so far, they have offloaded equities worth Rs 1.43 lakh crore.
- The NSE Nifty 50 closed 0.47% higher at 23,437, and the BSE Sensex settled 0.40% higher at 77,044.
Read Full Article
19 Likes
Bloomberg Quint
1d
322
Image Credit: Bloomberg Quint
Wipro ADR Down Over 6% After Q4 Results, Lower Revenue Guidance
- Wipro ADR slid 6.7% in the US after the company's earnings outlook for the June quarter caused disappointment.
- Wipro's outlook for Q1FY26 remains muted with a degrowth of 3.5% to 1.5%.
- The company expects revenue from IT services to be in the range of $2,505 million to $2,557 million.
- Wipro's Q4 consolidated revenue rose 0.8% sequentially to Rs 22,504.2 crore.
Read Full Article
19 Likes
SiliconCanals
1d
182
Image Credit: SiliconCanals
The Hague-based social enterprise Subul secures investment to expand tech jobs for refugees
- The Hague-based social enterprise Subul has secured a €200,000 investment from Start Foundation.
- The investment will be utilized to expand the mission of providing dignified employment opportunities for refugees and disadvantaged individuals in the Middle East and Europe.
- Subul will also use the funds to launch an AI-powered recruitment platform for streamlined tech recruitment.
- The investment will enable Subul to expand its talent pool and further empower skilled professionals from underserved communities.
Read Full Article
10 Likes
Bloomberg Quint
1d
365
Image Credit: Bloomberg Quint
Google Removes 247 Million Ads, Suspends 2.9 Million Accounts In India For Policy Violations
- Google removed over 247.4 million ads and suspended 2.9 million advertiser accounts in India for policy violations in 2024.
- On a global scale, the software firm removed 5.1 billion ads that they deemed "harmful to users."
- The most common reason for ad removal was for "abusing the ad network," which was the reason 793.1 million ads were removed.
- The firm also suspended 39.2 million accounts for "advertiser fraud".
Read Full Article
21 Likes
The Robot Report
1d
189
Cosmic Industries gets funding to automate, accelerate solar installation
- Cosmic Industries has secured $4 million in funding to develop AI-driven robots for expediting the construction of large-scale solar energy installations.
- The company aims to address labor shortages and streamline the development of U.S. energy infrastructure, specifically focusing on solar power projects.
- Cosmic Industries has unveiled its first job-site robot, Cosmic-1A, designed for large-scale solar installations, which promises to reduce labor expenses and increase daily production rates.
- The company's AI platform, Particle, automates quality assurance, asset tracking, and workflow management to maintain project momentum, aiming for fully autonomous construction.
Read Full Article
11 Likes
TechCrunch
1d
337
Image Credit: TechCrunch
Capsule captures $12M to build the next version of its AI video editor for brands
- Capsule raises $12 million in Series A funding to upgrade its AI video editing assistant for brands.
- The upgraded editor will include AI suggestions and support for real-time collaboration.
- The AI-powered co-producer will provide suggestions for better storytelling.
- Capsule plans to hire more product designers, visual designers, and AI engineers and expand its sales team.
Read Full Article
20 Likes
For uninterrupted reading, download the app