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Bloomberg Quint
5d
391
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Poonawalla Fincorp To Raise Rs 1,875 Crore Via Issuance Of NCDs
- Poonawalla Fincorp approved to raise Rs 1,875 crore through the issuance of NCDs.
- The company's finance committee approved the issuance of 1,87,500 non-convertible debentures with a face value of Rs 1,00,000 each.
- The NCDs are proposed to be listed on BSE.
- Poonawalla Fincorp has launched its secured loans business for commercial vehicles.
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Npengage
5d
338
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How ASC 958-205 and UPMIFA Enhance Endowment Transparency
- FASB ASC 958-205 and UPMIFA play key roles in enhancing endowment transparency and financial reporting for nonprofit organizations.
- ASC 958-205 simplifies financial statement presentation by categorizing net assets into two groups: with donor restrictions and without donor restrictions.
- It mandates a detailed presentation of financial statements for organizations with endowments, including Statements of Financial Position, Activities, Cash Flows, and Functional Expenses.
- ASC 958-205 promotes transparency by requiring disclosure of liquidity and resource availability, instilling donor and stakeholder confidence.
- UPMIFA guides nonprofits in managing endowment funds responsibly, emphasizing careful fund management, diversification, and long-term sustainability.
- UPMIFA allows prudent spending from endowment principal as long as it aligns with donor intent and doesn't jeopardize future support.
- Organizations must regularly review and align their investment strategies and spending policies with UPMIFA guidelines for financial health and sustainability.
- Comprehensive understanding and compliance with legal obligations and GAAP are essential for effective endowment management and financial reporting.
- Utilizing specialized software like Blackbaud Financial Edge NXT can aid nonprofits in compliance, effective reporting, and transparent endowment management.
- Financial Edge NXT offers features like Transaction Codes to track liquidity and simplify reporting, assisting organizations in meeting modern endowment management demands.
- By prioritizing compliance, understanding management responsibilities, and leveraging appropriate systems, organizations can uphold financial health, transparency, and mission-driven goals.
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Bloomberg Quint
5d
397
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Trade Setup For April 16: Nifty 50 Faces Resistance At Around 23,500 Levels
- The NSE Nifty 50, which rose over 2% on Tuesday, could face resistance at around the 23,500 levels.
- Strong support is expected at 23,050, while 23,400 and 23,500 would act as key resistance areas for traders.
- For Bank Nifty, 52,000 is the immediate support zone, and 52,500 is a near-term resistance zone.
- The benchmark equity indices closed higher for the second consecutive trading session, with Nifty 50 gaining 500 points and Sensex surging.
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Bloomberg Quint
5d
194
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Vedanta Clarifies: No New News Regarding Rs 50,000-Crore Investment In Assam
- Vedanta Ltd. clarified that there is no new news regarding the Rs 50,000-crore investment in Assam.
- The company stated that it has exploration blocks in Assam and is currently in the exploration stage to establish the hydrocarbon potential.
- Vedanta mentioned that on successful exploration and subsequent appraisal, a development plan will be prepared to monetize the hydrocarbon.
- The company assured that it will continue to comply with SEBI Listing Regulations and keep the stock exchanges informed of all material information or events.
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Bloomberg Quint
5d
202
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Ireda Q4 Results: Net Profit Jumps Nearly 50%
- Indian Renewable Energy Development Agency Ltd. (Ireda) reported a 49% jump in consolidated net profit for Q4 2025.
- The company's bottomline reached Rs 502 crore compared to Rs 337 crore in the year-ago period.
- Ireda's revenue from operations increased by 37% to Rs 1,905 crore.
- The loan book of the company stood at Rs 75,319.98 crore, a rise of 28% YoY.
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Bloomberg Quint
5d
163
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Inactive Credit Cards: How Not Using Your Card Can Lower Your Credit Score
- Inactive credit cards can negatively impact your credit score.
- Factors that contribute to your credit score include repayment history, credit utilization, credit history length, credit mix, and new credit inquiries.
- Not using your credit card can result in a higher credit utilization ratio and lower available credit, which can lower your credit score.
- To maintain a good credit score, it is advised to use the card periodically, automate usage, monitor for inactivity clauses, and always pay on time.
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Economic Times
5d
180
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Goldman Sachs acquires controlling stake in HR SaaS firm PeopleStrong for $130 million
- Goldman Sachs has acquired a majority stake in HR SaaS firm PeopleStrong for $130 million.
- Goldman Sachs acquired Multiples PE's 84% stake in PeopleStrong and also bought out a part of the Esops pool from the company's employees.
- This is the second major private equity buyout deal of a SaaS firm this year, following Everstone Capital's acquisition of Wingify for around $200 million.
- Multiples PE had acquired the controlling stake in PeopleStrong in 2017 and has now sold its stake to Goldman Sachs.
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Bloomberg Quint
5d
397
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India Much Better Placed To Deal With Trump Tariffs: ITC Chairman
- India is much better placed to deal with disruptions emanating from Trump tariffs as there is a possibility of signing an FTA with the US for which discussions are happening at a fast pace.
- The reciprocal tariffs imposed by the US have been postponed until July 9, except for China.
- ITC Chairman, Sanjiv Puri, highlighted that India's levers of competitiveness, digitization, and future-ready portfolio offer a strong position to handle the impact of the tariffs.
- India and the US have been negotiating a bilateral trade agreement with the aim to increase the bilateral trade to $500 billion by 2030.
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Bloomberg Quint
5d
89
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India's Gems And Jewellery Exports Drop 11.72% In 2024-25 Amid Geopolitical Tensions
- India's overall gems and jewellery exports declined by 11.72% to $28.5 billion in 2024-25, compared to the previous financial year.
- The decline is attributed to the continuous dip in demand in China and the US, India's key export markets, due to ongoing geopolitical tensions.
- Exports of cut and polished diamonds decreased by 16.75% to $13,292.0 million (Rs 1.12 lakh crore) in 2024-25 compared to the previous year.
- Other categories such as polished lab-grown diamonds, gold jewellery, silver jewellery, platinum jewellery, and coloured gemstones also saw declines in exports.
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Bloomberg Quint
5d
375
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Nitin Gadkari Highlights Severe Pollution In Delhi And Mumbai, Calls For Urgent Action
- Nitin Gadkari highlights severe pollution in Delhi and Mumbai.
- Gadkari emphasizes the need for urgent action to address air and water pollution.
- He mentions that pollution in Delhi is reducing the average life of a citizen by 10 years.
- Gadkari supports alternative fuels to reduce pollution and reduce logistics costs.
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Bloomberg Quint
5d
199
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Delhi High Court To Hear Kairosoft AI Solutions' Case Against BSE And SEBI On Graded Surveillance Measures
- The Delhi High Court will hear a writ petition filed by Kairosoft AI Solutions against BSE and SEBI regarding the Graded Surveillance Measures.
- The company is seeking to quash a circular that placed it under Stage IV of the Graded Surveillance Measure.
- The case is expected to provide clarity on how businesses can seek relief from strict surveillance measures imposed by stock exchanges.
- The Graded Surveillance Measures are a set of rules implemented by BSE to monitor and control trading in stocks showing unusual activity.
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Bloomberg Quint
5d
397
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ICICI Prudential Life Insurance Q4 Results: Profit Rises 122%, Net Premium Income Up 10.7%
- ICICI Prudential Life Insurance Q4 FY25 net profit rose 122% YoY to Rs 385 crore.
- Net premium income increased by 10.7% YoY to Rs 16,369 crore.
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Eu-Startups
5d
44
Dutch startup beSirius raises €3 million for ESG platform for metals, mining, and heavy industries
- Dutch startup beSirius has raised €3 million in a Seed funding round to advance its AI-powered sustainability intelligence platform for metals, mining, and heavy industries.
- The funding will be used to accelerate product development and strengthen partnerships with supply chains, auditors, and financial institutions.
- beSirius aims to replace static sustainability reporting with real-time intelligence that informs deals, procurement, and strategic decisions.
- The platform, known for its 'Sustainability Twin' feature, has been adopted by global industry players and has already saved thousands of manual work hours for sustainability teams.
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Bloomberg Quint
5d
220
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SEBI Clears IPOs Of Aegis Vopak Terminals, Seshaasai Technologies; Details Here
- SEBI has cleared the initial public offerings (IPOs) of Aegis Vopak Terminals and Seshaasai Technologies.
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13 Likes
Bloomberg Quint
5d
1.4k
Image Credit: Bloomberg Quint
Axis Mutual Fund Joins ONDC Network To Expand Investor Access To Mutual Fund
- Axis Mutual Fund has joined the Open Network for Digital Commerce (ONDC) network to expand investor access to mutual fund schemes.
- By integrating with the ONDC network, Axis Mutual Fund aims to make mutual fund investments more accessible, affordable, and inclusive.
- ONDC is an initiative by the Department for Promotion of Industry and Internal Trade and the Ministry of Commerce to establish an open network for digital transactions.
- Axis Mutual Fund's integration with ONDC is a significant step towards making wealth creation opportunities democratic and digitally enabled in India.
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