A naukri.com initiative
Funding News
Bloomberg Quint
1M
357
Image Credit: Bloomberg Quint
Donald Trump Warns Iran: Reach Nuclear Deal Or Face Attacks That 'Will Only Get Worse'
- US President Donald Trump warned Iran to reach a nuclear deal with the US or face attacks that will worsen after Israel's airstrikes on Tehran escalated tensions.
- Explosions were heard in Tehran following Israel's attack, raising concerns about a potential new war in the Middle East.
- Trump urged Iran on TruthSocial to make a deal with the US, stating 'Just do it, before it's too late.'
- Trump expressed frustration over failed attempts to reach a deal with Iran despite numerous chances given, warning that the US military equipment is lethal and Israel has the capability to use it effectively.
- After Iranian hardliners were reportedly killed, Trump emphasized that the situation will only escalate if a deal is not made soon.
- Trump called for an end to the bloodshed, urging Iran to save what was once known as the Iranian Empire by making a deal before it's too late.
- The US President desires an agreement that limits Iran's nuclear program and prevents the country from obtaining nuclear weapons, threatening military action if a deal is not accepted.
Read Full Article
21 Likes
Bloomberg Quint
1M
58
Image Credit: Bloomberg Quint
Saturday Bank Holiday: Are Banks Open Or Closed On June 14? Details Here
- Banks across India will be closed on June 14, the second Saturday of the month, as per RBI's schedule.
- RBI mandates banks to remain closed on the second and fourth Saturdays, as well as on all Sundays.
- Banks will also be closed on June 28, the fourth Saturday of the month.
- In June 2025, banks in Odisha, Manipur, and Mizoram will be closed on specific regional festive days like Ratha Yatra and Remna Ni.
- Scheduled bank holidays in June include June 7 for Bakri ID and June 11 for Sant Guru Kabir Jayanti.
- Physical bank branches remain closed on holidays, but online banking services and ATM withdrawals are available.
- Transactions such as UPI payments, fixed deposit operations, balance inquiries, and NEFT/RTGS transfers can be done online.
- Bank holiday schedules vary by state, and the RBI's holiday calendar provides detailed information.
Read Full Article
3 Likes
Bloomberg Quint
1M
9
Image Credit: Bloomberg Quint
WhatsApp’s New Features To Make Chats More Expressive: Animated Emojis, Sticker Maker, Photo Polls, More
- WhatsApp introduces new features for chats, calls, and updates including personalized animated stickers, animated emojis, and simplified group creation.
- Users can now create groups without immediately adding members, start with just the group name, and invite people later via link or direct add.
- Animated emojis have been added, making discussions more engaging, with specific emoticons animating when sent.
- New features like an animated sticker maker, avatar social stickers, media sharing with captions, and updates tab improvements have been rolled out.
- Users can now include shared captions for multiple pictures and videos, and recipients can react to both the collection and individual items.
- A dedicated calls tab with new call functionalities like sharing call links, maintaining call history, effects, and filters during calls has been introduced.
- The Updates tab has undergone enhancements, allowing for photo polls, mentions of groups in status updates, and the ability for group members to reshare statuses.
Read Full Article
Like
Bloomberg Quint
1M
280
Image Credit: Bloomberg Quint
Vedanta To Consider First Interim Dividend For FY26 Next Week
- Vedanta Ltd. will meet on June 18 to consider and approve the first interim dividend for FY26, with a record date set for June 24.
- Investors could benefit from Vedanta's substantial 9.5% dividend yield, with the company leading in dividend income in the market.
- The company's strong dividend track record and March-quarter net profit of Rs 3,483 crore support investor interest.
- Vedanta's share price settled at Rs 457.8 apiece on the BSE, showing a slight decline ahead of the dividend announcement.
- Analysts suggest Vedanta could be a 'buy' considering its dividend strength and upcoming demerger, with positive price targets and ratings.
Read Full Article
16 Likes
Bloomberg Quint
1M
4
Image Credit: Bloomberg Quint
Nifty 50 Top Gainers, Losers On June 13: Bharat Electronics, TCS To SBI, ITC
- The Indian stock market experienced a decline during the week with both Nifty and Sensex falling over 1%.
- Bharat Electronics, Oil and Natural Gas Corporation, Tech Mahindra, TCS, and Wipro were among the top gainers on Friday.
- State Bank Of India, ITC, IndusInd Bank, and Hindalco Industries were the top losers on the same day.
- Bharat Electronics led the gains by rising 1.76%, followed by other companies like ONGC and Tech Mahindra.
- Adani Ports, ITC, and SBI were among the top losers with significant declines.
- The NSE Nifty 50 closed 0.68% lower at 24,718.60, while the BSE Sensex ended 0.70% down at 81,118.
- The Nifty fell to 24,473 points during the day, and the Sensex declined to 80,354.59 points.
- Investors witnessed losses amid tensions between Israel and Iran affecting the market sentiment.
Read Full Article
Like
Bloomberg Quint
1M
81
Image Credit: Bloomberg Quint
Nirmala Sitharaman To Meet PSU Bank Chiefs To Review Performance
- Finance Minister Nirmala Sitharaman to meet heads of public sector banks on June 27 to discuss financial performance and government schemes implementation.
- Meeting follows RBI's rate cut and cash reserve ratio reduction to boost economy.
- Review to include assessing banks' targets for the year and urge for increased lending to productive sectors.
- Discussion expected on schemes like Kisan Credit Card, PM Mudra, and social security programs.
- Public Sector Banks saw a record profit of Rs 1.78 lakh crore in fiscal year 2025.
- State Bank of India alone contributed over 40% of the total profits.
- SBI reported a net profit of Rs 70,901 crore in fiscal year 2025.
- Punjab National Bank and Punjab & Sind Bank also experienced significant profit growth.
- All 12 public sector banks reported a rise in profit during the year.
- Meeting aimed at boosting economic growth, aligning with government schemes, and reviewing financial performance of public sector banks.
- Finance Minister may push banks to increase lending to support economic growth.
- Focus on evaluating progress of various government schemes and performance targets.
- Review key metrics and performance of public sector banks to enhance their contribution to the economy.
- Public sector banks' cumulative profit surged in fiscal year 2025 compared to the previous year.
- Expectations of discussing various segments and progress in government schemes during the meeting.
Read Full Article
4 Likes
Bloomberg Quint
1M
371
Image Credit: Bloomberg Quint
Israel-Iran Conflict: Escalation Timeline And What We Know So Far
- Israel and Iran have engaged in a conflict involving airstrikes, drone attacks, and military strikes targeting nuclear facilities, military sites, and high-ranking officials.
- The escalation began with Iran's failure to meet nuclear transparency guidelines and the subsequent opposition from the US, UK, France, and Germany.
- Following Iran's announcement of new nuclear facilities, Israel launched 'Operation Rising Lion' to target nuclear sites and infrastructure.
- The conflict has led to global economic impacts, including rising oil prices, falling US futures, and fluctuations in gold prices.
- Tensions are high due to fears of Iran closing off the crucial trading route of the Strait of Hormuz, potentially affecting global oil and LNG trade.
- Stock markets could be impacted, with companies in crude-dependent industries facing pressure on margins and raw material costs.
- Aviation, paint, tyre, and lubricant industries may experience financial challenges due to increased crude prices and raw material costs.
Read Full Article
22 Likes
Medium
1M
403
Image Credit: Medium
Should You Raise Venture Capital? (Statistically Not.)
- Venture capital is a high-risk asset class designed for companies with exponential potential and rapid growth.
- VC is a power law business where a few successful investments can outweigh numerous failures.
- Startups must offer a credible path to 10x returns for VC investment, focusing on real speed, defensibility, and timing.
- Science-based companies with clear market endgames are better suited for VC than shiny apps and are often funded by public money before turning to VC.
- Successful startups often capitalize on macro shifts like technological advancements to become VC-suitable.
- Some startups succeed not by inventing something new but by moving quickly in response to changing conditions.
- VC investment should align with businesses that require rapid growth and can benefit from VC resources, unlike businesses that can grow profitably on their own.
- The decision to raise VC funding should be made after considering the alignment with the business model and potential downsides.
Read Full Article
24 Likes
Bloomberg Quint
1M
4
Image Credit: Bloomberg Quint
Oswal Pumps IPO: Should You Subscribe? Here's What Brokerages Say
- Oswal Pumps Ltd. IPO has received positive reviews from brokerages due to factors like robust financial performance and industry opportunities.
- Brokerages recommend subscribing to the Oswal Pumps IPO citing strong financials, industry tailwinds, and strategic expansion plans.
- Deven Choksey Research highlights Oswal Pump's significant revenue and net profit growth, recommending a 'subscribe' rating.
- SBI Securities appreciates Oswal's strategy but flags risks like revenue dependence on PM-KUSUM scheme and revenue concentration in specific regions.
- Aditya Birla Capital sees Oswal's broad market positioning as an advantage and recommends subscribing to the IPO with a long-term view.
- BP Capital notes Oswal as the fastest-growing solar pump player in India and views the IPO issue as attractively priced relative to peers, issuing a 'subscribe' recommendation.
- Arihant Capital emphasizes Oswal's strong foundation in solar pumps and diversified portfolio, suggesting a 'subscribe for long term' rating.
Read Full Article
Like
Bloomberg Quint
1M
49
Image Credit: Bloomberg Quint
Stock Market Highlights: Investors Lose Rs 2.96 Lakh Crore As Sensex, Nifty Slump On Israel-Iran Tensions
- The Indian stock market witnessed a decline as the benchmark indices, NSE Nifty 50 and BSE Sensex, closed lower due to prevailing tensions between Israel and Iran.
- NSE Nifty 50 ended 169 points (0.68%) lower at 24,718.60, while BSE Sensex closed 573 points (0.70%) down at 81,118.
- During the day, Nifty fell by 1.67% to trade at 24,473, and Sensex declined by 1.64% to 80,354.59.
- This week, both Nifty and Sensex fell by more than 1%, with Nifty decreasing by 500 points from its weekly high, breaking a two-day gaining streak.
- Top losers in Nifty included Eternal Ltd. and Adani Ports, while Nifty Midcap 150 and Nifty Smallcap 250 also recorded declines.
- Nifty Realty sector performed poorly with Brigade Enterprises Ltd. and Raymond Ltd. among the top losers.
- Shares of Bharat Electronics Ltd. and Oil and Natural Gas Corp. were the top gainers, while Adani Ports and Special Economic Zones Ltd. and ITC Ltd. faced losses.
- Bharat Electronics Ltd. and Tata Consultancy Services Industries Ltd. contributed to gains in the index, while HDFC Bank Ltd. and Reliance Industries Ltd. were major drags.
- On NSE, nine out of 11 sectors ended in the red, with Nifty PSU Bank, FMCG, and Bank sectors among the top losers.
- Overall, both BSE MidCap and BSE SmallCap closed 0.26% lower, indicating a negative trend in the broader market indices.
- Market breadth favored sellers with 1,530 stocks advancing, 2,547 declining, and 136 remaining unchanged on the BSE.
- The ongoing tensions between Israel and Iran impacted the market performance adversely.
- The situation led to a downtrend in various sectors and indices, resulting in investor concerns.
- The market outlook remains uncertain due to geopolitical tensions and other external factors.
- Investors are monitoring the developments closely to assess the market direction and plan their investment strategies accordingly.
Read Full Article
2 Likes
Bloomberg Quint
1M
425
Image Credit: Bloomberg Quint
Middle East Nations Close Airspace After Israel Strikes Iran
- Israel launched air strikes against Iran, prompting several Middle Eastern countries to close their airspace, including Israel and Iran.
- Neighboring countries like Iraq, Syria, and Jordan also closed their airspace after Israel targeted Iran's nuclear and missile sites.
- The conflicts between Israel and Iran have escalated, leading to periodic exchanges of gunfire and flight disruptions for both countries.
- Airlines have had to navigate around conflicts, such as the recent tensions between Pakistan and India, adding to fuel costs and flight disruptions.
- Shares of airlines in Europe and the Middle East declined following the airspace closures, affecting carriers like Turkish Airlines, Lufthansa, Air France-KLM, and El Al.
- Air India faces challenges due to increased detours caused by airspace closures between Israel and Iran, impacting routes to Western Europe.
- Gulf carriers and airlines needing access to shorter routes over Iraq and Iran are also affected by the airspace closures.
- Major airlines like Emirates, Flydubai, El Al, and Air France have canceled or detoured flights due to the Middle East airspace closures.
- Tensions between Iran and Israel have caused intermittent flight restrictions and detours in recent years, with conflicts intensifying since April 2024.
Read Full Article
25 Likes
Bloomberg Quint
1M
217
Image Credit: Bloomberg Quint
Key Iran Nuclear Enrichment Site Of Natanz Shows No Sign Of Breach
- The UN atomic watchdog reported no indication of increased radiation levels at Iran's main uranium-enrichment site, Natanz, indicating Israel's strikes hadn't breached the containment layers protecting Iran's nuclear stockpile.
- Iranian authorities confirmed no higher radiation doses at Natanz, with no radiological contamination spreading beyond the site.
- Israel did not target Iran's Bushehr nuclear power plant, Fordow enrichment site, or uranium-conversion facility, according to IAEA Director General Rafael Mariano Grossi.
- Israel's Prime Minister Benjamin Netanyahu vowed to continue attacks until the perceived threat is eliminated.
- Natanz and Fordow facilities are heavily protected, with the Natanz site built over 40 meters underground with a steel and concrete shell estimated to be 8 meters thick.
- Grossi expressed deep concern over Israel's actions, stressing the importance of not attacking nuclear facilities for safety and security reasons.
- Iran may have begun halting centrifuges due to electricity disruptions caused by the attacks.
- IAEA inspectors remain in Iran, monitoring radiation releases and working with Iranian authorities to safeguard nuclear material.
- In a statement, Iran had previously warned of 'special measures' to protect its nuclear material stockpile in case of an Israeli strike.
- Last year, the IAEA conducted over 400 inspections in Iran, closely monitoring the country's uranium stockpile.
Read Full Article
13 Likes
Bloomberg Quint
1M
235
Image Credit: Bloomberg Quint
US Equity Funds Hit By Biggest Outflows In 11 Weeks, BofA Says
- US stock funds recorded the largest outflows in almost three months, with $9.8 billion being redeemed in the week through Wednesday, as per Bank of America Corp's data.
- Even European funds experienced their first outflows in nine weeks totaling $600 million.
- The equity market rally has slowed down this month amidst uncertain global trade conditions.
- Concerns about stagflation, potential rate cuts from the Federal Reserve, and tensions in the Middle East, with Israel targeting Iranian facilities, have impacted market sentiment.
- S&P 500 futures dropped 1.2%, while the Stoxx 600 slipped 0.8% in response to the events.
- Bank of America strategist Michael Hartnett highlighted signs of economic resilience but emphasized the need for broad market participation in further US equity gains for sustainability.
- Hartnett cautioned that a stalled rally in European stocks and Japanese banks could signal a 'global equity bull trap' in the third quarter.
- He recommended international equities over US counterparts this year.
Read Full Article
14 Likes
Bloomberg Quint
1M
258
Image Credit: Bloomberg Quint
Oswal Pumps IPO - Should You Subscribe? Read Anand Rathi's Analysis
- Oswal Pumps' Rs 1387.34 crore IPO opened today with a price band of Rs 584 to Rs 614 per share.
- The IPO includes a fresh issue of Rs 890 crore and an offer-for-sale of Rs 497.34 crore.
- Investors can bid starting from a minimum of 24 shares and in multiples thereafter.
Read Full Article
15 Likes
Medium
1M
167
4 Vs for Sustaining Startups
- Analyzing successful startups, a framework revolves around four key pillars: Vision, Values, Value, and Valuation.
- Vision is crucial, reflecting the founder’s passion for problem-solving and driving innovation.
- Values shape a startup's culture, decision-making, and long-term sustainability, intertwined with the founder's ethics.
- Value creation involves delivering benefits to customers that exceed costs, essential for sustainable growth.
- Valuation, often prioritized in startups, should not overshadow the core elements of vision, values, and value creation.
- A strong moral compass and focus on genuine value creation are vital for long-term success in startups.
- Focusing solely on valuation can lead to ethical conflicts, distorted priorities, and eventual organizational collapse.
- The framework highlights the importance of placing vision, values, and value creation above mere valuation in startup endeavors.
- The inverted focus on valuation over core startup elements poses a significant risk to sustainable business growth.
- Many startup failures can be attributed to prioritizing valuation over fundamental values, vision, and genuine value delivery.
- The article delves into the critical balance required between vision, values, value creation, and valuation for startup success.
Read Full Article
10 Likes
For uninterrupted reading, download the app