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Bloomberg Quint
1d
344
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EMS Q4 Preview: Seasonal, Structural Tailwinds To Drive Growth, Says Systematix— Dixon Among Preferred Pick
- Dixon is expected to post the strongest topline growth of 159% YoY, driven by a surge in the mobiles segment.
- The seven companies under Systematix' coverage are expected to report robust revenue/Ebitda/PAT growth of 88%/79%/99% YoY in Q4 FY25, respectively.
- Growth momentum seems particularly strong in the room air conditioner segment, while a healthy volume ramp-up is also expected in the mobiles category.
- Systematix prefers Dixon, Kaynes, Amber Enterprises and Syrma within its coverage universe.
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Bloomberg Quint
1d
259
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WTO Slashes Outlook For Global Trade On Trump Tariff Disruptions
- The World Trade Organization slashed its forecast for merchandise trade this year as soaring US tariffs and broader uncertainty hammer international commerce.
- In its new forecasts, the Geneva-based WTO expects the volume of world merchandise trade to decline by 0.2% in 2025 — almost three percentage points lower than it would have been without the US-led trade war, marking a dramatic reversal from expectations at the start of the year. Trade is forecast to rebound by 2.5% in 2026.
- North American trade will be hardest hit while Asia and Europe will continue to see modest growth.
- The disruption in US-China trade is expected to trigger significant trade diversion, raising concerns among third markets about increased competition from China.
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Bloomberg Quint
1d
251
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Paytm CEO Vijay Shekhar Sharma Forgoes 2.1 Crore ESOPs Amid Regulatory Lens
- Paytm CEO Vijay Shekhar Sharma has voluntarily forgone 2.1 crore ESOP units granted to him.
- The request was approved by the nomination and remuneration committee of the company's board.
- This will result in a one-time, non-cash, acceleration of ESOP expense of Rs 492 crore in the quarter ended March 31, 2025.
- Last year, SEBI had issued a show-cause notice to Paytm over the ESOP units granted to Vijay Shekhar Sharma.
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Bloomberg Quint
1d
286
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Industrials Q4 Results Preview: Recovery Expected, Says HDFC Securities; L&T, Cummins, NCC Among Top Picks
- HDFC Securities expects a recovery in Q4 results of the Indian industrials sector.
- L&T, Cummins India, and Kalpataru are among the top picks in the capital goods space.
- HG infra, PNC, and NCC are top picks in the infrastructure space.
- Opportunities present in renewables, T&D, buildings, water, and railways sectors while road sector remains muted.
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Bloomberg Quint
1d
19
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Andhra Pradesh Invites Tenders For Rs 4,700 Crore Integrated State Secretariat In Amaravati
- Andhra Pradesh government has called for tenders to construct an integrated state secretariat comprising five towers, with an estimated cost of nearly Rs 4,700 crore.
- The total cost of the project is estimated at Rs 4,688.82 crore. Technical bids will be opened on May 1.
- The construction must comply with the IGBC Green New Buildings Platinum-level certification and will include a three-year Defect Liability Period.
- Projects worth a total of Rs 64,000 crore will be taken up for development in Amaravati.
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Eu-Startups
1d
259
Italian FinTech Tundr secures €7.2 million to scale its digital platform for corporate welfare
- Italian FinTech startup Tundr has raised €7.2 million in a Seed round to scale its digital platform for corporate welfare.
- The funding round was led by 360 Capital, with support from CDP Venture Capital and other investors, including Exor Ventures and prominent business angels.
- Tundr aims to simplify corporate welfare by offering a digital-first platform that manages both fringe and structured benefits for employees.
- The company's Tundr Card, usable at over 70,000 points of sale in Italy, enables employees to spend welfare credits easily and compliantly.
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Bloomberg Quint
1d
209
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CCI Clears Patanjali Bid To Buy Adar Poonawalla-Backed Magma General Insurance
- The Competition Commission of India cleared the proposal of Patanjali Ayurved and five other entities to acquire a majority stake in Magma General Insurance.
- Patanjali, along with Dharampal Satyapal Group, will acquire Magma General Insurance at a valuation of Rs 4,500 crore.
- The green channel route was used for the approval, as the transaction was deemed to have no adverse effect on competition.
- Patanjali aims to diversify its portfolio with this investment and capitalize on the growth potential within India's underpenetrated general insurance market.
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Bloomberg Quint
1d
125
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RBI Skips Key Cash Tool Again, Fuels Policy Shift Buzz
- The Reserve Bank of India has skipped its usual 14-day cash operations, fueling speculation of a possible shift in managing bank liquidity.
- The central bank's decision to cancel the cash operations for the third straight fortnight indicates a more flexible approach in managing liquidity.
- The RBI has been using daily and short-term cash windows instead of the 14-day cash operations.
- The new approach has helped align borrowing costs with the policy rate, making loans cheaper for businesses and consumers.
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Bloomberg Quint
1d
356
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Gold Price Soars By Rs 1,650 To Another Record High, Edges Close To Rs 1 Lakh-Mark
- The price of 24-karat gold in the retail market soared by Rs 1,650 to hit an all-time high of Rs 98,100 per 10 grams in New Delhi.
- Gold prices recorded its steepest intraday hike on April 11 when it jumped over Rs 6,200.
- Additionally, silver prices climbed by Rs 1,900 to Rs 99,400 per kg.
- Global rush for safe-haven buying due to escalating trade war between the US and China driving the increase in gold and silver prices.
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Bloomberg Quint
1d
385
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BluSmart’s Gensol Ties, Ola Roadster Is A Real Thing
- BluSmart was never a subsidiary of Gensol, but the listed company’s latest annual report shows contracts worth over Rs 148 crore with BluSmart’s subsidiaries.
- BluSmart's co-founder Punit Goyal mentioned that Gensol built a 20 MW solar power plant for them in a record time of four months.
- Anmol Jaggi, BluSmart's co-founder and Gensol Engineering's CEO, expressed his vision of having BluSmart EV cabs available within five minutes for everyone in India in the next 10 years.
- The article also highlights the benefits and features of NDTV Profit's subscription for readers.
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Bloomberg Quint
1d
112
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Credit Card: How Much Of Credit Limit Should You Use?
- Credit utilisation is the ratio that represents your total credit card outstanding compared to your approved credit limit.
- Generally, a lower credit utilisation ratio is favourable and demonstrates responsible credit management.
- Consider strategies such as monitoring your spending, distributing purchases across multiple cards, and setting up balance alerts to improve your credit utilisation ratio.
- Increasing your credit limit and making multiple payments each month can also help manage your credit utilisation ratio.
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Global Fintech Series
1d
59
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Luma Financial Technologies Announces the Closing of a $63 Million Series C Investment Led by Sixth Street Growth
- Luma Financial Technologies has closed a $63 million Series C financing round led by Sixth Street Growth.
- The additional capital will be used to accelerate Luma's expansion, invest in product innovation, and enhance global client support capabilities.
- Strategic investors such as Bank of America, Morgan Stanley, UBS, and TD Bank Group also participated in the funding round.
- The investment reflects confidence in Luma's value in the market and the company's commitment to delivering value to clients.
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Bloomberg Quint
1d
71
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Smartworld And Tribeca To Develop Rs 2,200 Crore Trump Residences In Gurugram
- Realty firms Smartworld Developers and Tribeca Developers will develop an ultra-luxury residential project in Gurugram.
- The 'Trump Residences' project will have a total investment of around Rs 2,200 crore and comprise of 288 units with a total saleable area of 12 lakh square feet.
- Mumbai-based Tribeca Developers, the official representatives of the Trump brand in India, said these deals were signed 6-8 months back.
- This is the second Trump-branded residential project in Gurugram and the sixth project in India.
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Bloomberg Quint
1d
267
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USFDA Pulls Up Aspen Biopharma Labs For Manufacturing Lapses At API Plant
- The USFDA has issued a warning letter to Aspen Biopharma Labs for manufacturing lapses at its active pharmaceutical ingredients production facility in Telangana, India.
- The FDA observed significant deviations from Current Good Manufacturing Practice (CGMP) for active pharmaceutical ingredients (API) during their inspection in September 2024.
- The letter highlighted issues such as inadequate facility design, lack of appropriate separation for high-risk APIs, disrepair of manufacturing areas, failure to validate processes and equipment, and absence of a stability testing program.
- The USFDA has requested clarification from the company on whether they intend to cease drug manufacturing for the US market and requested notification before any future resumption of operations.
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Global Fintech Series
1d
379
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PolicyMe Announces $30 Million CAD in Funding and Expanded Product Suite, Transforming Digital Insurance
- PolicyMe, a leading digital insurance provider in Canada, has secured $30 million CAD in new funding to expand its product suite and services, including Health & Dental coverage along with white-labeled digital offerings.
- Strategic partners such as Blue Cross Life Insurance Company of Canada and Securian Canada have invested in PolicyMe, enabling the company's growth and successful expansion of innovative insurance products.
- The funding rounds in 2023 and 2025 bring the total amount raised to $51 million, supporting PolicyMe's goal of developing new insurance offerings and strengthening its B2B2C channel.
- PolicyMe's CEO, Andrew Ostro, emphasizes the company's focus on providing a customer-centric experience, offering both digital convenience and human support for insurance seekers.
- With a significant percentage of Canadians participating in gig work and self-employment, PolicyMe's new Health & Dental offerings address the needs of underinsured individuals, aiming to bridge the coverage gap.
- PolicyMe's white-labeled platform provides an end-to-end solution for partners, streamlining the insurance process and reducing time-to-market for new product launches.
- Collaborations with industry players like Blue Cross Life and Securian Canada have enabled PolicyMe to introduce innovative insurance solutions that cater to the needs of diverse customer segments.
- PolicyMe has witnessed substantial growth since its Series A funding, expanding nationwide, increasing premium sales, and focusing on technological advancements through data analytics and AI infrastructure.
- With a strong commitment to providing accessible and tailored insurance solutions, PolicyMe continues to drive innovation, reshape the insurance landscape, and meet evolving market demands.
- The company's dedication to inclusivity and transparency reflects in its mission to offer straightforward and affordable insurance options to all Canadians, supported by a team of industry experts and technology leaders.
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