A naukri.com initiative
Funding News
Bloomberg Quint
3d
1.5k
Image Credit: Bloomberg Quint
TCS Q1 Attrition Rate Rises To 13.8% Even As Headcount Swells By 6,000 Employees
- TCS reported a rise in its Q1 attrition rate to 13.8% compared to the previous quarter.
- The company's total headcount in the June quarter increased by over 6,000 employees to reach 6,13,069.
- TCS emphasized its focus on talent development and highlighted that 114,000 employees now possess higher order AI skills.
- The attrition rate was disclosed in a regulatory filing to the stock exchanges on July 10, standing at 13.8% over the last twelve months.
Read Full Article
22 Likes
Bloomberg Quint
3d
582
Image Credit: Bloomberg Quint
EMS Q1 Results Preview: Moderate Growth, But Margins To Expand Projects PL Capital
- EMS Q1 results are expected to show moderate growth with margin expansions for companies like Avalon, Cyient DLM, Kaynes, and Syrma.
- Margins are anticipated to improve by around 740/20/120/420 basis points year-over-year due to cost rationalization and contributions from high-margin sectors.
- PL Capital foresees an increase in the order book for electronic manufacturing services companies, driven by a strategic focus on higher margin sectors, leading to further margin expansion in upcoming quarters.
- The news article is not eligible for web story generation as it contains subscription requirements and may not provide complete information for a concise web story.
Read Full Article
20 Likes
Bloomberg Quint
3d
198
Image Credit: Bloomberg Quint
Stock Market Highlights: Nifty, Sensex Close Lower As Bharti Airtel, HDFC Life Drag
- The Indian benchmark equity indices closed lower, with the NSE Nifty 50 ending 0.47% down at 25,355.25 and the BSE Sensex closing 0.41% lower at 83,190.28.
- Bharti Airtel Ltd. and HDFC Life Insurance Co. stocks dragged the market down, leading to a second consecutive session decline.
- Technical analysis suggests non-directional market activity with indecision between bulls and bears, awaiting a breakout on either side.
- Top gainers in the Nifty 50 included IndusInd Bank Ltd., Maruti Suzuki India Ltd., Tata Steel Ltd., while Bharti Airtel Ltd., HDFC Bank Ltd., Asian Paints Ltd. were among the biggest laggards.
Read Full Article
11 Likes
Bloomberg Quint
3d
393
Image Credit: Bloomberg Quint
Amazon Launches 10-Minute Delivery In Delhi As Q-Commerce Race Heats Up
- Amazon has launched a 10-minute delivery service in Delhi to expand its quick commerce ambit and compete with other players in the market.
- The service, called Amazon Now, currently operates in select areas in Bengaluru and Delhi with plans for further expansion based on positive initial feedback.
- Amazon Now offers a curated selection of daily essentials delivered within minutes to meet immediate customer needs, maintaining Amazon's safety, quality, and reliability standards.
- This move marks Amazon's entry into the rapidly growing Q-commerce sector in urban India and Tier-2 cities, intensifying competition in this space.
Read Full Article
23 Likes
Bloomberg Quint
3d
3.6k
Image Credit: Bloomberg Quint
TCS Declares Dividend Of Rs 11 Per Share — Check Record Date
- Tata Consultancy Services Ltd. declared a dividend of Rs 11 per equity share for the first quarter of fiscal 2026, totaling nearly Rs 4,000 crore to shareholders.
- The record date fixed for dividend payment is July 16, with the interim dividend scheduled to be paid on Aug. 4.
- TCS' consolidated net profit rose 4% sequentially to Rs 12,760 crore in the three months ended June 30, 2025, with a slight decrease in revenue compared to the previous quarter.
- The company's operating income fell 1% sequentially to Rs 15,514 crore, with an expanded margin of 24.5%. TCS' shares have fallen 13.49% over the past 12 months and 17.41% year-to-date.
Read Full Article
21 Likes
Eu-Startups
3d
202
Dutch startup QuiX Quantum secures €15 million to deliver first-generation universal photonic quantum computer
- Dutch startup QuiX Quantum has secured €15 million in Series A funding to deliver the world’s first single-photon-based universal quantum computer in 2026.
- The funding round was co-led by Invest NL and EIC Fund, with support from existing investors PhotonVentures, Oost NL, and FORWARD.one.
- QuiX Quantum aims to address the demand for more computational power by delivering large-scale, fault-tolerant quantum computers designed to implement a universal gate set.
- The company's photonic quantum computer leverages principles like superposition, entanglement, and interference to process information differently from classical computers.
Read Full Article
12 Likes
Bloomberg Quint
3d
7
Image Credit: Bloomberg Quint
iPhone 15 Price Drops To New Low On Amazon Prime Day Sale — Buy Or Wait For iPhone 17?
- The iPhone 15 is being offered at a significant discount on Amazon Prime Day sale in India, with the 128GB version priced at Rs 57,249, down from its launch price of Rs 79,900.
- Additional savings are available for customers using specific bank cards and EMI options, along with exchange deals and no-cost EMI.
- While the iPhone 17 is set for release soon with advanced specs and features, the iPhone 15 still offers strong performance and features like a 6.1-inch Super Retina XDR screen, A16 Bionic processor, and dual rear cameras.
- Those looking for the latest smartphone should wait for the iPhone 17, but the discounted iPhone 15 remains a smart choice for those content with a slightly older model that performs well.
Read Full Article
Like
Bloomberg Quint
3d
318
Image Credit: Bloomberg Quint
LIC Share Sale: Government To Offload Minority Stake Via OFS
- The government has approved further share sale in LIC through the Offer for Sale (OFS) route.
- The government currently holds 96.5% stake in LIC and needs to offload another 6.5% to meet the 10% public shareholding requirement by May 16, 2027.
- The discussions for the share sale are still in the early stages, with the disinvestment department expected to finalize the details.
- The quantum of stake sale, price, and timing will be determined later, and LIC's current market capitalization is Rs 5.85 lakh crore.
Read Full Article
19 Likes
Bloomberg Quint
3d
302
Image Credit: Bloomberg Quint
Who Is Lishalliny Kanaran? Miss Grand Malaysia 2021 Accuses Indian Priest Of Molestation
- Lishalliny Kanaran, Miss Grand Malaysia 2021, accused a Malaysian-based Indian priest of molestation that occurred in June at the Mariamman Temple in Sepang, Malaysia.
- Kanaran shared her ordeal on Instagram, stating that the priest poured 'holy water from India' before the inappropriate act under the guise of giving blessings.
- An investigation has been initiated by the Malaysian police into the incident, with the accused priest currently absconding.
- Lishalliny Kanaran, a model and actress, won the Miss Grand Malaysia 2021 title on her third attempt and is known for her advocacy for causes like period poverty and children's education.
Read Full Article
18 Likes
Bloomberg Quint
3d
1.1k
Image Credit: Bloomberg Quint
Ambuja, UltraTech, JK Cement — Systematix' Top Stock Picks In Cement Pack; Q1 Results Preview
- Cement Q1 Results Preview: Ultratech, Ambuja, JK Cement are the brokerages' top picks, with a potential revision of top picks post Q1 FY26 results due to recent surge in valuations.
- Volume growth during the quarter for companies under Systematix' coverage is expected to be in the range of 6-7% YoY, with strong performance expected from JK Cement and Ambuja at 11.5% and 8.2% respectively.
- Dalmia and Ultratech are likely to report slower growth at 5.4% and 5.8% respectively.
- Cement demand in Q1 FY26 showed improvement on a YoY basis, attributed to a low base caused by elections last year.
Read Full Article
7 Likes
Global Fintech Series
3d
27
Image Credit: Global Fintech Series
Gamification in Fintech: How Reward Systems are Turning Financial Products into Engaging Experiences
- Gamification in fintech revolutionizes user engagement by integrating game-like elements into financial services.
- Reward systems in fintech offer incentives like milestones, challenges, leaderboards, and badges.
- Gamification bridges the gap between user intent and action in personal finance.
- It promotes financial literacy, includes underserved populations, and encourages positive financial behavior.
Read Full Article
1 Like
Medium
3d
153
Image Credit: Medium
STACK Notes Are Replacing SAFE’s
- The SAFE note, once popular, is losing favor due to drawbacks for founders.
- In its place, the STACK Note offers a smarter, more founder-friendly alternative.
- STACK combines grants, credit options, and equity triggers for startup funding innovation.
- Over 200 startups have benefited from the STACK model, promoting founder control and fairness.
- The future of early-stage fundraising may lie in structures like the STACK Note.
Read Full Article
8 Likes
Bloomberg Quint
3d
19
Image Credit: Bloomberg Quint
Buy Sun Pharma, Add Metropolis Lists HDFC Securities Among Others In Pharma, Healthcare; Q1 Results Preview
- HDFC Securities expects strong performances from Lupin, Ipca, and Torrent in the pharma and healthcare sector, while Aurobindo, Zydus, and Max Healthcare may post muted results.
- IPM has seen steady growth at 7.2% in Apr/May’25, with a 10% growth in the chronic segment offset by a 6% growth in the acute segment.
- Pharma coverage is projected to see an 11% YoY sales growth, driven by a rise in India business by 11% YoY and a 2% QoQ growth in US sales.
- The hospital business is expected to grow by 15% YoY, supported by steady average revenue per occupied beds and M&As such as Max Healthcare.
Read Full Article
1 Like
Bloomberg Quint
3d
699
Image Credit: Bloomberg Quint
PI Industries, Gopal Snacks, RK Forgings, Ireda CG Power Among Others Buzzing On Dealers' Desk
- Dealers indicate sell flows on institutional desks for PI Industries while Gopal Snacks, Ashapura Mine, and RK Forgings are witnessing large buy orders on high-net-worth desks.
- Multiple dealing rooms have been giving buy calls on IREDA due to cheap valuations and 30% AUM growth guidance. VST Tillers is experiencing buy flows in anticipation of a GST rate cut for small tractors.
- CG Power is seeing buy flows on domestic institutional desks with expectations of an upmove. The stock has been consolidating recently.
Read Full Article
16 Likes
SiliconCanals
3d
131
Image Credit: SiliconCanals
Enschede-based QuiX Quantum secures €15M to launch first universal photonic quantum computer
- Enschede-based QuiX Quantum secures €15M in Series A funding led by Invest NL and EIC Fund.
- The funding will be used to launch the first universal photonic quantum computer, advancing photonic quantum computing technology.
- QuiX Quantum leverages the principles of superposition, entanglement, and interference to process information in fundamentally different ways from classical computers.
- The company aims to demonstrate universality by overcoming challenges in feed-forward electronics and single-photon sources and plans to focus on implementing error correction in subsequent systems by 2027.
Read Full Article
7 Likes
For uninterrupted reading, download the app