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TechCrunch
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5 days until TechCrunch All Stage — save up to $475 before prices rise
- TechCrunch All Stage 2025 event in Boston will take place in 5 days, highlighting startup growth strategies and practical insights for founders, operators, and investors.
- Founder Passes are currently priced at $100 and Investor Passes at $200, offering savings of up to $475 before rates increase.
- The event will feature breakout sessions on various startup topics, interactive roundtables, a pitch competition, curated networking opportunities, and after-hours side events.
- Key speakers at the event include industry experts discussing topics such as disruptors, VC landscape, founder mental wellness, team intelligence, and successful fundraising strategies.
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Bloomberg Quint
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Bain Capital Sells 1.9% Stake In Embassy Office Parks REIT For Rs 691 Crore
- Private investment firm Bain Capital divested a 1.9% unitholding in Embassy Office Parks REIT for Rs 691 crore through an open market transaction.
- Bain Capital's affiliate sold over 1.78 crore units at an average price of Rs 388 apiece.
- Details of the buyers of Embassy Office Parks REIT units remain undisclosed.
- Embassy Office Parks REIT raised Rs 1,550 crore through debentures and term loans to refinance debt and reduce interest costs.
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Bloomberg Quint
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Samsung Plans To Unveil Its First Trifold Smartphone In 2025
- Samsung plans to release its first trifold smartphone later this year to compete with Huawei in the foldable technology market.
- The trifold will join Samsung's lineup that already includes three foldable smartphones, unveiled at the recent Unpacked event in New York.
- Huawei introduced the world's first trifold smartphone in September, setting the stage for Samsung's upcoming entry into this innovative technology segment.
- Apple is also anticipated to enter the foldables market next year, following Samsung's and Huawei's initiatives.
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Bloomberg Quint
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Fed’s Waller Backs Balance Sheet Runoff, Shift In Composition
- Federal Reserve Governor Christopher Waller supports reducing the size of the US central bank's balance sheet and shifting its composition to include more short-term assets.
- Waller mentioned that the balance sheet should shrink, but not as much as some Fed watchers and economists have suggested.
- He indicated that the ideal bank reserves should be around $2.7 trillion to maintain an 'ample' level, which would result in a balance sheet of $5.8 trillion compared to the current $6.7 trillion.
- The article suggests that Federal Reserve Governor Christopher Waller backs balance sheet runoff and a shift in composition to adjust the reserve balances to the appropriate levels.
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Bloomberg Quint
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Deepak Fertilisers Enters Long Term Pact With Petronet LNG For LPG Regasification
- Deepak Fertilisers and Petrochemicals Corporation Ltd have entered a long-term agreement with Petronet LNG Ltd for regasification of Liquefied Natural Gas.
- Per the agreement, Petronet LNG will regasify about 25 Trillion British Thermal Units of LNG annually for a period of five years, primarily at its Dahej terminal.
- The regasified gas will be supplied to Deepak Fertilisers' manufacturing facilities at Taloja, Mumbai, for internal consumption, enabling a value chain from gas to final products like NPK fertilisers and industrial chemicals.
- Deepak Fertilisers' last mile regasification contract positions the company uniquely to offer products like Ammonia and Nitric Acid, extending up to downstream final products.
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Bloomberg Quint
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UK, Bharti Back Eutelsat In €1.5 Billion Push To Rival Starlink
- The UK and Bharti Group have invested in Eutelsat in a €1.5 billion push to compete with Starlink in the global satellite Internet market.
- Eutelsat, with a fleet of 669 satellites, is now the second-largest satellite operator globally.
- The funding round includes contributions from the UK, France, Bharti Group, and other strategic investors, aimed at advancing Eutelsat's capabilities and expanding its low-earth orbit and geostationary satellite operations.
- The investments will be raised in two phases with an expected completion by end-2025, pending regulatory approvals, to accelerate innovation and expand Eutelsat's global presence in response to growing satellite Internet demand.
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Bloomberg Quint
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India's Most Diverse Companies Deliver 50% Higher PAT, Says Study
- A study revealed that the most diverse companies in India delivered 50% higher net profit compared to less diverse counterparts.
- Around 8 out of 10 industries studied showed a positive relationship between the presence of women and profit after tax (PAT).
- India Inc. is still lacking true inclusivity, with over 63.45% of organizations having zero women in key managerial positions.
- The study emphasized the importance of having women not just in the room, but at the table influencing decisions and shaping strategy for true inclusion.
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Bloomberg Quint
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Tata Steel Acquires Shares Worth Rs 1,074 Crore In Singapore Unit
- Tata Steel Ltd. has acquired a stake in its Singapore-based unit, T Steel Holdings Pte. Ltd., worth Rs 1,073.63 crore ($125.25 million).
- The acquisition consisted of 124.6 crore shares with a face value of $0.1005 each, maintaining T Steel Holdings as a wholly-owned subsidiary of Tata Steel.
- This recent stake acquisition follows Tata Steel's previous investments in T Steel Holdings, including a stake worth Rs 10,727 crore in February and Rs 2,348 crore in August 2024.
- Tata Steel plans to infuse funds into its foreign subsidiary through equity share subscriptions and intends to acquire shares in one or more tranches during this financial year.
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Bloomberg Quint
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What TCS Q1 Earnings Mean For The IT Sector
- TCS reported stable operating performance in Q1 with an EBIT margin of 24.5% and consolidated EBIT at Rs 15,514 crore.
- TCS saw a contraction in demand for IT services in Q1 despite booking orders worth $9.4 billion, leading to uncertainties in the market.
- TCS faced pressure on margins in Q1 due to higher wage costs despite expecting better margins as the BSNL order tapered off.
- TCS plans to focus on employee engagement to manage the rise in attrition rates and aims to push for higher utilisation and productivity in the coming quarters.
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Bloomberg Quint
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Aggcon Equipment Files DRHP To Raise Funds Through IPO
- Aggcon Equipment Ltd. filed its preliminary papers with SEBI for an IPO to raise funds through a mix of fresh shares and an offer-for-sale.
- The IPO will include fresh issue shares worth Rs 32.04 crore and an offer-for-sale of up to 54 lakh shares by promoters.
- Proceeds from the IPO will be used for repayment of borrowings, capital expenditure, and general corporate purposes.
- Aggcon Equipment, with over 22 years of experience, specializes in infrastructure equipment rental services and saw a revenue increase of 19.47% in fiscal 2025.
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Bloomberg Quint
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JPMorgan Considers Cutting China, India Share In EM Bond Index
- JPMorgan Chase & Co. is considering reducing the weight of China and India in its GBI-EM Global Diversified index, a benchmark for local-currency developing-nation debt.
- The proposed amendments aim to broaden the range of developing-nation debt and one suggestion includes lowering the cap on individual countries from 10% to 8.5%.
- The changes, if implemented, could impact major bond sellers in emerging markets like Indonesia, Mexico, Malaysia, China, and India, benefiting countries like Brazil, South Africa, Poland, and Colombia.
- JPMorgan's index revisions could influence global investment flows, affecting funds for developing-nation debt, while the bank is also considering a new frontier local markets index covering 21 markets across 20 currencies.
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Bloomberg Quint
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PC Jeweller To Raise Rs 500 Crore Via Preferential Allotment
- PC Jeweller Ltd. plans to raise nearly Rs 500 crore through a preferential allotment of equity shares and warrants on a private placement basis.
- The company will issue up to 9.72 crore fully convertible warrants to its promoter group at Rs 18 per warrant, amounting to Rs 175 crore, and up to 18.05 crore equity shares to non-promoter public investors at the same price, aggregating to Rs 325 crore.
- In line with the fundraise, PC Jeweller has increased its authorised share capital from Rs 1,260 crore to Rs 1,310 crore by creating an additional 50 crore equity shares.
- The issue price for both warrants and shares is higher than the floor price as per SEBI regulations, and the allotment is subject to shareholder and regulatory approvals.
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Bloomberg Quint
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AI Will Not Replace Jobs That Provide Services With High Reliability, Experts Say
- Experts suggest that AI will not replace jobs that provide reliable services with high efficiency.
- High-skilled jobs can be converted into low-skilled jobs with supervision, where humans play a vital role in training AI.
- The use of AI tools can enhance India's value chain, offering cheaper and more reliable services compared to firms in the US.
- Experts emphasize the importance of AI preparedness in the job market, with a projected 65% job transformation in the next few years.
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Bloomberg Quint
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No Tax Notice Issued To Eknath Shinde; Case Selection Part Of Scrutiny Process: Govt Sources
- No tax notice has been issued to former Maharashtra Chief Minister Eknath Shinde, clarified government sources, regarding the recent scrutiny process based on pre-defined risk parameters.
- The scrutiny, part of the Computer-Assisted Scrutiny Selection system, flagged cases automatically without human intervention. Cases were selected if taxpayers claimed deductions exceeding Rs 5 crore under specific sections of the Income Tax Act.
- A notice was triggered for Lata Eknath Shinde, Eknath Shinde's wife, for claiming a deduction exceeding Rs 5 crore under certain provisions, but no notices were issued to Eknath Shinde or his son as part of the current cycle.
- The Income Tax Department highlighted that the scrutiny process is technology-driven and applied uniformly to all taxpayers, aiming to ensure digital interface through the Faceless Assessment Scheme.
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Bloomberg Quint
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Brazilian Assets Fall As Trump's 50% Tariff Threat Roils Outlook
- President Donald Trump's threat of imposing 50% tariffs on all goods from Brazil has led to a drop in Brazilian assets, including a 0.8% decline in the real and a 1.5% dip in stock futures.
- The tariffs, initially expected to be 10%, have caused heightened volatility in Brazilian markets. Trump's letter cited Brazil's alleged interference in US elections as a reason for the increased levy.
- Brazilian President faces challenges in avoiding the tariffs due to legal constraints set by Trump. The situation has put markets on edge, leading to increased risk aversion and potential reassessment of companies with significant exposure to the US market.
- Analysts anticipate the tariffs to impact local assets negatively, necessitating reviews of cash flow and valuations for companies heavily reliant on the US market.
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