Funding News: Latest News on Funding from the Tech world

A naukri.com initiative

New

Home

Funding News

Bloomberg Quint

670

Image Credit: Bloomberg Quint

Capacit'e Infra Shares At Nearly Three-Month High On Mumbai Order Win

Shares of Capacit'e Infraprojects rose over 3% after receiving a Letter of Intent for construction of a building in Mumbai.
The order from Indus Co-Operative Housing Society is worth Rs 295 crore.
Earlier this year, Capacit'e Infra had received a Letter of Award from NBCC (India) Ltd. for a total contract value of Rs 1,320 crore.
Shares of Capacit'e Infraprojects rose as much as 3.18% to Rs 382.70 apiece, the highest level since Jan. 20.

Read Full Article

15 Likes

Bloomberg Quint

257

Image Credit: Bloomberg Quint

Six Stocks In Focus At Noon: Mahanagar Gas, Gensol, Ireda, And Others

Mahanagar Gas Ltd. experienced a sharp decline in its share price, falling over 6% on Wednesday. Gensol Engineering Ltd.'s share price plummeted to an all-time low on Wednesday, hitting the 5% lower circuit limit. Shares of Indian Renewable Energy Development Agency Ltd. surged by 7.50% following the release of its earnings report. IndusInd Bank Ltd.'s share price rose by 2.46% after an external report revealed a financial impact of Rs 1,979 crore. HDFC Bank's share price reached an all-time high on Wednesday, trading 1.01% higher at Rs 1,883.80.

Read Full Article

15 Likes

Bloomberg Quint

Image Credit: Bloomberg Quint

Sam Altman’s OpenAI Could Launch Social Network To Rival Mark Zuckerberg’s Instagram, Elon Musk’s X

OpenAI CEO Sam Altman is considering launching a new social network to compete with Mark Zuckerberg’s Instagram and Elon Musk’s X.
An internal prototype of the social network, focusing on ChatGPT's image generation, is reportedly in place.
Altman's rivalry with Musk could escalate if the social network is integrated with ChatGPT, as Musk previously offered to buy OpenAI.
OpenAI's entry into the social networking space may also lead to a more direct competition with Meta.

Read Full Article

1 Like

Bloomberg Quint

258

Image Credit: Bloomberg Quint

New ChatGPT Feature Lets You Revisit Every AI Image You’ve Made — Here’s How It Works

OpenAI has rolled out a new image library in ChatGPT, letting Free, Plus and Pro users access and manage all their AI-generated visuals in one place.
The feature will streamline how users interact with and revisit the visuals they've created using ChatGPT’s image tools.
Users can now find a “Library” tab in the ChatGPT sidebar, where tapping on it reveals a visual grid of previously generated images.
The addition of the image library comes after the release of OpenAI’s advanced GPT-4o-powered image generation tool.

Read Full Article

15 Likes

Discover more

Bloomberg Quint

833

Image Credit: Bloomberg Quint

Infosys Q4 Results Preview: Profit And Margins Likely To Decline, Guidance Expected To Be Muted

IT services major Infosys is expected to record muted fourth quarter results, with a decline in profit and margins.
Revenue for the company is expected to rise marginally at 1% sequentially to Rs 42,126 crore for the quarter ended March 31, 2025.
Net profit may decline 2% to Rs 6,697 crore.
Infosys may provide guidance for FY26.

Read Full Article

19 Likes

Bloomberg Quint

547

Image Credit: Bloomberg Quint

Indian Organisations Accelerate Gen AI Adoption, But Poor Data Quality Remains A Challenge: Research

Generative artificial intelligence (AI) adoption in India is rapidly accelerating, with AI spending expected to grow at 35% annually, reaching $9.2 billion by 2028.
Indian enterprises face challenges related to poor data quality while adopting AI technologies, highlighting the need for better data quality, governance, and cloud migration.
India is emerging as a global AI powerhouse, with 36% of enterprises using generative AI and 46% planning investments within 12-24 months.
Cloud migration is a priority for Indian enterprises, with 51% deploying AI solutions in the cloud, and 80% considering it essential for AI success.

Read Full Article

24 Likes

Bloomberg Quint

124

Image Credit: Bloomberg Quint

Leaked: Foldable Apple iPhone’s Under-Display Camera, Resolution, Display Size

According to a leaked claim, the foldable Apple iPhone may have an under-display camera for Face ID.
The rumored iPhone Fold could have a 7.76-inch inner panel with a resolution of 2,713x1,920 pixels and under-screen camera technology.
The device may also feature a 5.49-inch outer display with a resolution of 2,088x1,422 pixels and a punch-hole camera.
The foldable iPhone is expected to launch in 2026 or 2027, with a premium price tag of about $2,000.

Read Full Article

7 Likes

Bloomberg Quint

Image Credit: Bloomberg Quint

Sharp Inflation Drop Prompts Economists To See RBI Terminal Rate At 5.25%

Economists expect the Reserve Bank of India to lower its terminal repo rate to 5.25% in 2025, due to falling inflation and stable global risks.
Retail inflation in March eased to a six-year low at 3.3%, driven by a sharp drop in vegetable prices.
Analysts forecast further rate cuts in the upcoming months, with a consensus for a more dovish stance.
Nirmal Bang projects cumulative rate cuts of 100 basis points in 2025, with cuts likely in June and August.

Read Full Article

1 Like

Bloomberg Quint

269

Image Credit: Bloomberg Quint

Q4 Results Live: Wipro, Angel One, Waaree Renewable Technologies To Announce Earnings Today

Wipro, Angel One, and Waaree Renewable Technologies are among the companies announcing their Q4 earnings today.
Other companies, such as Ballarpur Industries, GTPL Hathway, India Cements Capital, Infomedia Press, and Reliance Industrial Infrastructure are also expected to announce their fourth quarter earnings.
Analysts predict a modest growth trajectory for Wipro in Q4 2025.
Angel One is expected to see a decline in net profit but an uptick in net income and operating income in the same quarter.

Read Full Article

15 Likes

Economic Times

Image Credit: Economic Times

QSR chain Nothing Before Coffee raises $2.3 million from Prath Ventures, SYL Investments

QSR chain Nothing Before Coffee has raised $2.3 million in a funding round led by Prath Ventures.
The funds will be used to expand the brand's retail presence across India, enhance supply chain efficiency, hire talent, and boost its digital platform.
The company plans to open 150 new stores in the next two years and streamline operations and supply chain.
Nothing Before Coffee primarily targets tier II and smaller cities, and plans to focus on opening only company-owned stores.

Read Full Article

Bloomberg Quint

120

Image Credit: Bloomberg Quint

Savings Account Interest Rates April 2025: ICICI Bank Vs HDFC Vs Axis Bank Vs SBI

Several banks including Axis Bank, HDFC Bank, and ICICI Bank have lowered savings account interest rates in April 2025.
HDFC Bank reduced the interest rate on its savings account to 2.75% from April 12.
Axis Bank lowered the rates to 2.75% for balances below Rs 50 lakh and 3.25% for accounts holding above Rs 50 lakh.
ICICI Bank decreased the interest rate on its savings account to 2.75%, effective from April 16.

Read Full Article

7 Likes

Bloomberg Quint

243

Image Credit: Bloomberg Quint

Grab OnePlus 12 At Rs 19,000 Discount On Amazon — Check Details

The OnePlus 12 has witnessed a massive price cut and is now available on Amazon India for Rs. 51,998.
Using an ICICI Bank or HDFC Bank card, customers can get an additional discount of Rs. 6,000, bringing the final price to around Rs. 45,000.
There is also an option for customers to trade in their old phone and save up to Rs. 22,800 based on the condition and model.
The OnePlus 12 features a 6.82-inch 2K AMOLED screen, Snapdragon 8 Gen 3 processor, and a 5,400 mAh battery with fast 100-watt charging.

Read Full Article

14 Likes

Bloomberg Quint

255

Image Credit: Bloomberg Quint

Mahanagar, Indraprastha Gas Shares Decline After Changes In Domestic Gas Allocation

Shares of Mahanagar Gas Ltd. and Indraprastha Gas Ltd. fell after the government reduced their allocation of cheaper domestically produced Administrative Price Mechanism natural gas.
Mahanagar Gas shares fell over 6% and Indraprastha Gas shares were down nearly 4%.
Other gas companies like GAIL (India) Ltd., Gujarat State Petronet Ltd. and Gujarat Gas Ltd. also saw their stocks fall over 1%.
The reduction in gas allocation is in line with policy guidelines and could increase procurement costs and put pressure on margins for city gas distribution companies.

Read Full Article

15 Likes

Bloomberg Quint

395

Image Credit: Bloomberg Quint

HDFC Bank Shares Hit All-Time High Ahead Of Earnings Announcement This Week

HDFC Bank's share price surged to an all-time high on Wednesday.
HDFC Bank is set to announce its financial results for the fourth quarter and FY25 on April 19.
HDFC Bank reported a 2.2% year-on-year increase in profit for the December quarter.
Despite positive figures, the bank's asset quality showed some deterioration.

Read Full Article

23 Likes

Bloomberg Quint

182

Image Credit: Bloomberg Quint

Niva Bupa Health Insurance Can Rally 22% Says ICICI Securities As It Initiates Coverage With 'Buy' Rating

Niva Bupa is likely to be a beneficiary of the structural growth story of India’s under-penetrated health insurance market says ICICI Securities.
ICICI Securities initiates coverage on Niva Bupa with a Buy rating and a target price of Rs 90 based on 35 times FY27E earnings per share of Rs 2.6 (IFRS).
Niva Bupa has delivered standout growth in health insurance premiums with a ~40% CAGR between FY20-25 and is expected to continue high growth driven by a diversified channel.
The improved scale and assets under management of Niva Bupa should help improve margins and earnings growth.

Read Full Article

10 Likes

For uninterrupted reading, download the app