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Bloomberg Quint
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'Not Business As Usual'—Avendus Capital's Andrew Holland Warns Of A Tough Road Ahead In 2025
- Andrew Holland, CEO of Avendus Capital Public Markets Alternate Strategies, warns investors to brace for volatility and expects earnings growth to fall between 5-10% in the next fiscal.
- Holland is cautious about the Union Budget's impact on the economy and suggests holding cash as a strategy going into 2025.
- He sees pockets of opportunity in consumption-driven sectors like premium beverages, travel, and hospitality, as well as in the electronic manufacturing sector.
- Holland recommends a selective and sector-specific investment strategy, emphasizing sector and stock-picking.
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Bloomberg Quint
2d
51
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Waaree Energies To Invest Nearly Rs 3,500 Crore In Electrolyser, Lithium Ion Battery, Invertor Business
- Waaree Energies will invest nearly Rs 3,500 crore in electrolyser, lithium ion battery, and inverter business.
- The company plans to set up a 3.5 GWh lithium ion advanced chemistry storage cell manufacturing plant with an investment of Rs 650 crore.
- They will also establish a 300 megawatt electrolyser manufacturing plant with an investment of Rs 200 crore.
- Additionally, a capex of Rs 130 crore in the inverter business has been approved by the board.
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VIE Stories
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35
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Naxatra Labs Raises Seed Funding Led By Delhivery founder, others
- Naxatra Labs, an electric vehicle motor technology startup, has raised seed funding led by GVFL, Delhivery founder, and others.
- The undisclosed amount raised in the funding round will be used to expand the team in R&D and production.
- Naxatra Labs is receiving increasing international interest in its products and has started the process of certifying them to meet global standards.
- The funding comes as more capital flows into the electric vehicle sector, creating a promising market for companies like Naxatra Labs.
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Bloomberg Quint
2d
162
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Indian Banks Lobby RBI To Approve New Benchmark For Swaps Market
- A group of Indian lenders has asked the central bank to approve a new benchmark for overnight indexed swaps, according to people familiar with the matter.
- The banks propose switching from the prevailing Mumbai Interbank Outright Rate (MIBOR) to the newly-proposed Secured Overnight Rupee Rate (SORR) to improve price discovery in the interest-rate swap market.
- The move would offer banks two benchmarks for overnight derivatives, giving them the choice of which reference rate to use.
- The SORR is based on repurchase agreements, which have significantly higher volumes compared to uncollateralized transactions used for MIBOR.
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Bloomberg Quint
2d
186
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Stock Market Highlights: Nifty, Sensex End Higher After Falling Nearly 5% Last Week
- Nifty and Sensex rebounded after a 5% drop last week.
- Globally, sentiment was bolstered as November US PCE data cooled more than expected and eased fears of future rate hikes.
- Shares of HDFC Bank, Reliance Industries, and ITC contributed the most to Nifty's gains.
- Nine out of 11 sectoral indices ended higher, with Nifty Realty leading the gains.
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Bloomberg Quint
2d
265
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GSP Crop Science IPO: SEBI Filing Reveals Rs 280 Crore Fresh Issue Plan
- GSP Crop Science has filed papers with SEBI for an IPO comprising a fresh issue and offer for sale.
- The IPO will include a fresh issue of up to Rs 280 crore and a sale of 60 lakh shares.
- The company plans to allocate Rs 200 crore from the proceeds to reduce debt.
- Equirus Capital and Motilal Oswal Investment Advisors are the lead managers for the IPO.
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Tech Story
2d
257
Zomato joins Sensex, takes JSW Steel’s spot on the list
- Zomato, the meal delivery company, has become the first startup to join the benchmark Sensex index of the Bombay Stock Exchange (BSE), replacing JSW Steel.
- Zomato's inclusion is expected to bring in $513 million in stock inflows while JSW Steel may experience outflows of about $252 million.
- Zomato's impressive financial performance, with a 69% YoY rise in revenue and a fivefold increase in net profit, has contributed to its ascent.
- Zomato's entry into quick commerce (qcom) has been a significant driver of its growth, allowing it to expand revenue sources and outperform in the market.
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Insider
2d
344
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VC's healthcare predictions for 2025: more M&A, fierce competition in AI, and a health insurance shake-up under Trump
- After a slower-than-anticipated year for healthcare funding, investors expect sunnier skies in 2025.
- 13 VCs from firms like ICONIQ Growth and AlleyCorp share their predictions for digital healthcare next year.
- They expect more M&A, funding for AI agents and clinical decision support, and Medicare shake-ups.
- The healthtech sector will see more private-equity-backed M&A and a fierce battle between AI-scribing startups next year, according to thirteen investors in the healthcare VC market.
- With interest rates expected to come down, private equity buyers should be more active in 2025.
- VCs said they're mostly looking for smaller deals next year, from mergers of equals to asset sales.
- Healthcare startups using AI for administrative tasks were easily the hottest area of healthcare AI investment in 2024.
- Trump could move to boost private health insurers, including Medicare Advantage plans, in his second term.
- Investors expect to see plenty more funding for healthcare AI in 2025.
- While many tools made headlines this year for their ability to automate certain parts of healthcare administration,
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Bloomberg Quint
2d
336
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Jajoo Rashmi Refractories IPO: Draft Papers Filed For Rs 150-Crore Issue
- Jajoo Rashmi Refractories Ltd. has filed draft papers with the capital markets regulator SEBI for an IPO to raise funds.
- The IPO will consist of a fresh issue of up to Rs 150 crore with no offer-for-sale component.
- The equity shares are proposed to be listed on the NSE and BSE.
- The company plans to use the proceeds to establish new manufacturing facilities and for general corporate purposes.
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Bloomberg Quint
2d
91
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Nissan, Honda Ink Deal To Form Joint Holding Company, Eye Tokyo Listing By 2026
- Nissan and Honda have signed a memorandum of understanding to merge and form the world's third-largest automaker.
- The companies plan to create a joint holding company through a share transfer, which will be listed on the Tokyo Stock Exchange in August 2026.
- They aim to become a world-class mobility company with sales revenue exceeding 30 trillion yen and operating profit of more than 3 trillion yen.
- The merger will allow them to integrate management resources, respond to market changes, and deliver more attractive products and services globally.
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Bloomberg Quint
2d
297
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'Buy' Time Technoplast, Target Price Rs 615: Systematix
- Systematix maintains Buy rating on Time Technoplast with a target price of Rs 615.
- Time Technoplast recently received approval for manufacturing of Type-3 Fully Wrapped Fibre Reinforced Composite Cylinders.
- Systematix expects robust outlook and attractive valuation for Time Technoplast.
- The target price is based on 22 times FY27E price/earnings.
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TechSpark
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Supporting growth in the tech industry through innovation funding
- Innovation funding plays a crucial role in supporting the growth of SMEs in the UK's tech industry.
- The funds invested in new facilities and workforce development have a significant impact on the business and the wider economy.
- Innovation funding can take various forms, including grants, patent box, and capital allowances.
- R&D tax relief is one of the well-known forms of innovation funding, offering benefits to companies engaged in qualifying R&D activities.
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VIE Stories
2d
178
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Semiconductor Startup Mindgrove Raises $8 Mn In Series A Funding
- Semiconductor startup Mindgrove Technologies has raised $8 million in a Series A funding round led by Rocketship.vc and Speciale Invest.
- The funding will be used to grow the company's workforce, enhance engineering capabilities, and speed up production and sales of its first chip.
- Mindgrove also received approval for ₹15 crore under the Indian government's semiconductor Design-Linked Incentive (DLI) scheme to develop a new chip called Vision SoC.
- The company aims to bring high-performance edge computing and vision processing chips to the market for devices such as CCTV cameras, dashcams, ADAS, and smart TVs.
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Bloomberg Quint
2d
202
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The 11 Wild Trades Of 2024: Booms, Busts And A 2,900% Windfall
- Crypto: Bitcoin ETFs saw over $100 billion poured in and a record-breaking rally after Donald Trump announced the czar for AI and crypto, promising to reverse the US crypto crackdown.
- ETFs: Wall Street launched all kinds of derivative-powered bets with investors pouring a record of over $6.5 billion in 'single-stock ETFs' vehicles.
- Stocks: Despite day traders making a killing across speculative fringes, it has been struggling in the mainstream world of large-cap stocks.
- Argentina: The country's debt delivered some of the best returns in emerging markets this year, surging 104%, buoyed by the economic policies of Javier Milei.
- Treasuries: Fixed-income investors reaped big and easy rewards by following a strategy of stashing their money into risk-free Treasury-bills.
- Commercial Real Estate: Despite a slew of losses tied to old debt, a cohort of bargain chasers have likely flourished with big returns for dip buyers.
- China: Fidelity International bet big on Chinese bonds and it reportedly paid off heavily with Chinese stocks recovering after hitting a low in January.
- Spain: Investors gained a 2,900% payout after seemingly worthless special note raised capital levels skyrocketed in value after years.
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Economic Times
2d
218
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Chip startup Mindgrove Technologies secures $8 million in funding
- Fabless semiconductor design startup Mindgrove Technologies raised $8 million in a Series A funding round.
- The funds will be used to expand the workforce and enhance the in-house engineering capabilities of the company.
- The round was co-led by Rocketship.vc and Speciale Invest, with participation from Mela Ventures, Peak XV Partners, Nishchay Goel, and Whiteboard Capital.
- The company said that the investment will accelerate production and sales of its first chip.
- Mindgrove Technologies launched 'Secure IoT,' India's first commercial-grade high-performance microcontroller SoC taped out at 28nm in May this year.
- In addition, Mindgrove received approval under the government of India's semiconductor design linked incentive (DLI) scheme amounting to Rs 15 crore for developing a new chip.
- The new chip called 'Vision SoC' is meant for high-performance edge computing and vision processing applications such as CCTV cameras, dashcams, video recorders, ADAS, smart TVs and more.
- The startup is incubated by IITM Pravartak Technologies Foundation and IIT Madras Incubation Cell.
- In early 2023, Mindgrove Technologies secured $2.325 million in seed funding from Peak XV Partners (formerly Sequoia Capital India & SEA), Speciale Invest, and Whiteboard Capital.
- The company plans to expand its team across all departments.
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