A naukri.com initiative
Funding News
Bloomberg Quint
3d
112
Image Credit: Bloomberg Quint
GQG Partners, LIC Raise Stake In Adani Group Firms Despite Market Turbulence
- The Rajiv Jain-led GQG Partners increased their stake in four Adani Group companies.
- The increase in stake was seen in a quarter marked by turbulent market conditions and global headwinds.
- GQG's largest bet remains in Adani Energy Solutions with their stake at 5.23%, followed by Adani Power at 5.1%.
- Life Insurance Corporation of India (LIC) also increased its stake in the Adani Group companies.
Read Full Article
6 Likes
Bloomberg Quint
3d
309
Image Credit: Bloomberg Quint
16th Finance Commission Begins Andhra Pradesh Visit To Discuss Revenue Sharing
- The 16th Finance Commission, led by Chairman Arvind Panagariya, has started its four-day visit to Andhra Pradesh to discuss revenue sharing.
- Chief Minister N Chandrababu Naidu is scheduled to present to the commission at the secretariat in Amaravati.
- After the Chief Minister's presentation, the commission will meet with representatives of political parties in the state.
- The visit will conclude on April 18, and the commission is expected to submit its recommendations by October 31, 2025.
Read Full Article
18 Likes
Bloomberg Quint
3d
373
Image Credit: Bloomberg Quint
CJI Sanjiv Khanna Recommends Appointment Of Justice Bhushan Ramkrishna Gavai As Next CJI
- Chief Justice of India Sanjiv Khanna has recommended the appointment of Justice Bhushan Ramkrishna Gavai as the next CJI.
- Justice Gavai is scheduled to take oath as the 52nd CJI on May 14.
- CJI Khanna is set to retire on May 13.
- This is a developing story.
Read Full Article
22 Likes
Bloomberg Quint
3d
411
Image Credit: Bloomberg Quint
ArcelorMittal Nippon Steel Eyes Major Green Steel Pivot For Products By FY27
- ArcelorMittal Nippon Steel aims to make 70% of its steel production green by FY27.
- The Green Steel Taxonomy categorizes steel based on emissions intensity.
- The company plans for 35-40% of its total production to be automotive focused.
- The premium pricing for green steel will be driven by the value customers derive from it.
Read Full Article
22 Likes
Bloomberg Quint
3d
329
Image Credit: Bloomberg Quint
Travel And Tourism In India Poised For Growth: WTTC
- The travel and tourism sector in India is set to experience strong growth, with projections indicating a 7% increase over the next decade, according to Julia Simpson, President and CEO of the World Travel & Tourism Council.
- Simpson highlighted that the contribution of travel and tourism to India's economy is expected to align with the global average of 10% in the near future.
- The WTTC President emphasised the sector's potential, noting that it was valued at approximately $230 billion.
- The outlook for India's travel and tourism sector is promising, with significant opportunities for growth and development in the coming years.
Read Full Article
19 Likes
Bloomberg Quint
3d
264
Image Credit: Bloomberg Quint
Infosys Partners With Spark New Zealand To Utilise Infosys' AI-First Services
- Indian IT giant Infosys partners with Spark New Zealand to utilize Infosys' AI-First services.
- The collaboration aims to drive digital transformation and reduce operational costs for Spark.
- Infosys will offer advanced DevOps and software engineering capabilities to build, test, integrate, and support Spark’s systems and applications.
- Spark will maintain control over its IT architecture, product design, and innovation roadmap.
Read Full Article
14 Likes
Bloomberg Quint
3d
265
Image Credit: Bloomberg Quint
Anmol Feeds Targets 10-15% Annual Revenue Growth
- Livestock and fish feed manufacturer Anmol Feeds aims for an annual revenue growth of 10-15% with a current turnover of Rs 650 crore.
- The company is in the process of establishing new broiler breeding and shrimp feed plants in West Bengal with an investment of Rs 50 crore.
- Anmol Feeds specializes in the production of poultry, cattle, floating fish, and pig feed and operates plants in multiple states.
- The company exports its feed products to Bhutan, Nepal, and Bangladesh, with poultry and aqua being the largest revenue contributors.
Read Full Article
15 Likes
Bloomberg Quint
3d
29
Image Credit: Bloomberg Quint
Jio Financial Services Q4 Results: Date, Dividend News, Earnings Call Details And More
- Jio Financial Services Ltd. will declare its results for the quarter and year ended March 31, 2025, on Thursday.
- The company offers financial services loans, savings accounts, UPI bill payments, recharges and digital insurance services.
- A presentation to analysts on the financial results for the quarter will be held following the board meeting.
- Shares of Jio Financial Services Ltd. have risen more than 10% over the past five trading sessions and nearly 9% in a month on the NSE.
Read Full Article
1 Like
Bloomberg Quint
3d
137
Image Credit: Bloomberg Quint
Apple Edges Samsung To Become World’s No. 1 Smartphone Brand — Here’s How
- Apple has become the world’s number-one smartphone brand for the first quarter of 2025, beating Samsung.
- The unexpected boost for Apple came from the iPhone 16e, which performed well in markets where Apple didn't usually sell a lot of iPhones.
- Samsung grabbed 18% of the market and saw improvement in numbers, especially with the release of the Galaxy S25 'Ultra' models.
- Other brands like Xiaomi, OPPO, Vivo, Huawei, HONOUR, and Motorola are also rising in the smartphone market.
Read Full Article
8 Likes
Bloomberg Quint
3d
229
Image Credit: Bloomberg Quint
SingleInterface Launches Full-Stack AI RetailTech Platform For Multi-Location Brands
- Retail tech platform SingleInterface has launched its integrated artificial intelligence platform—SingleInterface AI—marking its change into a full-stack AI software suite built exclusively for shopfronts.
- SingleInterface AI features advanced interaction analytics and real-time sentiment decoding, helping brands gain visibility into local trends, intent signals, and campaign impact and offering insights at different touchpoints.
- The platform offers a modular yet integrated suite of AI engines aimed at solving distinct challenges faced by multi-location enterprises.
- The AI engines include Presence AI, Pages AI, Reviews AI, Engagement AI, Campaigns AI, Interactions AI, Audience AI, Competition AI, and Insights AI.
Read Full Article
13 Likes
Eu-Startups
3d
120
“DeepTech into deep impact”: Nyobolt raises €26 million for high-power energy solutions
- Cambridge-based Nyobolt has raised €26.3 million in funding to advance their high-power ultrafast charging technology.
- The funding was led by IQ Capital and Latitude, bringing the total funding raised to €87.9 million.
- Nyobolt's technology aims to address the increasing demand for power in industries such as AI automation, heavy-duty transport, and data centers.
- With their energy storage and fast-charging technologies, Nyobolt intends to set a new industry standard by delivering high-power solutions with greater endurance and using fewer natural resources.
Read Full Article
7 Likes
Bloomberg Quint
3d
173
Image Credit: Bloomberg Quint
Trump's Pharma Measures Seem More Opioid-Focused, Won't Impact Majority Generics: Pharmexcil
- The US administration's latest measures against pharma imports might not impact India heavily since generics outside narcotics are likely not in focus.
- Pharmexcil, an Export Promotion Council, stated that the measures seem more focused on opioid-based drugs and will not impact generics outside the narcotics category.
- India exports approximately $9 billion worth of pharmaceuticals to the US, supplying around 40% of all generic drugs used in the country.
- President Donald Trump initiated a Section 232 investigation over the US' heavy reliance on foreign drug manufacturing.
Read Full Article
10 Likes
Bloomberg Quint
3d
172
Image Credit: Bloomberg Quint
US Top Trading Partner For India For Fourth Year Running; Gap With China Widens To $100 Billion
- The US remained India's largest trading partner for the fourth consecutive year in 2024-25 with bilateral trade valued at $131.84 billion.
- India's trade deficit with China widened to $99.2 billion during the same period.
- India's exports to China contracted 14.5% to $14.25 billion, while imports rose by 11.52% to $113.45 billion.
- The bilateral trade between India and the US is expected to increase to $500 billion by 2030.
Read Full Article
10 Likes
Bloomberg Quint
3d
20
Image Credit: Bloomberg Quint
Ghar Kharcha: Another Reason To Eat Your Veggies—They Cost Lesser
- India's retail inflation is currently the lowest it has been since Covid.
- Food and beverage inflation eased to 2.88% in March, led by a decline in vegetable inflation.
- Prices of key vegetables like potatoes, onions, and tomatoes have fallen, while prices of cooking oils continued to rise.
- Lower vegetable prices have opened up space for the RBI Monetary Policy Committee to continue cutting the benchmark lending rate.
Read Full Article
1 Like
Bloomberg Quint
3d
249
Image Credit: Bloomberg Quint
Dharavi Redevelopment: No Extension To Submit Documents, Project Enters Next Phase
- The deadline for residents and shop owners of Dharavi to submit documents for the Dharavi Redevelopment Project has passed with no further extension.
- Verification of the submitted documents has begun, and the drafting of Annexure-2 is in progress.
- Physical measurements have been taken for nearly 1 lakh houses and shops, with 94,500 issued unique ID numbers.
- Non-compliance with the Dharavi Redevelopment Project will result in recognition as unauthorized occupants.
Read Full Article
15 Likes
For uninterrupted reading, download the app