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Funding News
Eu-Startups
5d
30
Spanish private equity fund Nzyme raises €160 million to digitalise and consolidate SMEs
- Spanish private equity fund Nzyme, backed by Kibo Ventures, raises €160 million to invest in Spanish companies in B2B sectors with a focus on digital transformation and consolidation.
- Nzyme attracted diverse investors including CDTI, Spanish business families, successful entrepreneurs, banks, and international family offices.
- The fund aims to create industry leaders by combining consolidation with technological innovation and has a team of professionals with experience in private equity, technology, and business transformation.
- Nzyme's strategy involves investing in service and software companies within fragmented industries, aiming to create strong leaders through consolidation, technological innovation, and advanced technologies.
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Bloomberg Quint
5d
77
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Castrol Wins Rs 4,131-Crore Dispute Against Maharashtra Sales Tax Department
- Castrol India Ltd won a Rs 4,131-crore dispute against the Maharashtra Sales Tax Department as per the favourable order from the tribunal.
- The dispute was regarding the movement of goods from state facilities to other states, alleged as inter-state sales by the tax department.
- Castrol contended the claims, stating compliance with legal norms, and had already received favourable orders from the MVAT Tribunal for all 10 disputed years.
- The company confirmed no financial impact as they had not provisioned for the disputed amount in their books; shares fell marginally post the business update.
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Bloomberg Quint
5d
204
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US Stock Markets Today: S&P 500 Retreats From Record High As Trump Tariffs Pile Pressure On Wall Street
- The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average declined on Friday as US President Trump's tariff threats caused market jitters.
- The S&P 500 fell by 0.52%, Nasdaq Composite by 0.36%, and Dow Jones was down by 0.51% in early trade after reaching all-time highs the previous day.
- Tech giant Nvidia led the market to cross the $4-trillion market cap before trading lower due to Trump's tariff stance.
- All 11 sectoral indices were in the red with Communications Services and material sectors leading the decline.
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Bloomberg Quint
5d
114
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FPIs Turn Net Sellers After Two Days, Offload Rs 5,100 Crore
- Foreign Portfolio Investors (FPIs) turned net sellers of Indian shares, offloading stocks worth Rs 5,104.2 crore, according to NSE data.
- In contrast, domestic institutional investors continued as buyers, acquiring stocks worth Rs 3,558.6 crore.
- FPIs have bought shares worth Rs 3,839 crore in July, with financial services receiving the largest share of FPI inflows in June.
- Indian benchmark equity indices fell for the third consecutive session, with NSE Nifty 50 closing 0.81% lower and BSE Sensex down 0.83%.
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Bloomberg Quint
5d
2.4k
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RIL Q1 Results Date: Reliance Industries To Declare Earnings Next Week — Check Details
- Reliance Industries Ltd. (RIL) is set to declare its financial results for the first quarter of fiscal year 2024-25 next week, with a focus on the operating margin decline experienced in the previous quarter.
- The company will announce the standalone and consolidated unaudited financial results for the quarter ended June 30, 2025, following a Board of Directors meeting on July 18, 2025.
- In the previous quarter, RIL faced a significant decrease in operating margin due to pressure from its oil and gas division, marking its steepest decline in ten quarters.
- Shares of RIL closed lower on the NSE, with analysts maintaining mostly 'buy' ratings for the stock, anticipating an upside of 5.5% based on the average 12-month consensus price target.
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Alleywatch
5d
804
INSHUR Raises to Scale Embedded Insurance Platform for Gig Economy Drivers
- INSHUR provides embedded insurance solutions for gig economy drivers in on-demand economy.
- It offers flexible, affordable insurance aligned with drivers' variable work schedules on digital platforms.
- INSHUR recently raised $35M from Trinity Capital to further scale its operations.
- The company plans to expand its global footprint and invest in AI and ML technologies.
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Bloomberg Quint
5d
45
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NHAI To Blacklist 'Loose FASTag' Users
- NHAI has strengthened the process for reporting 'loose FASTag' to blacklist users to ensure smooth tolling operations.
- NHAI aims to address the issue of 'loose FASTags' to maintain FASTag authenticity and system reliability.
- Highway users intentionally not fixing FASTags on vehicles can lead to operational challenges and disruptions in toll collection.
- NHAI will take immediate action to blacklist/hotlist reported FASTags to prevent unnecessary delays at toll plazas.
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Bloomberg Quint
5d
246
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India's Data Centre Capacity Likely To Reach 3 Gigawatts By 2030, Says Report
- India's data centre industry is projected to grow significantly, with total capacity expected to reach 3 gigawatts by 2030.
- The country's data centre capacity was estimated at 1.1 gigawatts in 2024.
- Factors like rising data consumption, AI and cloud adoption, and policies focusing on data localization are driving the demand for data centres.
- The sector is set to experience a 25-30% compound annual growth rate, with new entrants emerging to meet the increasing enterprise demand.
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Bloomberg Quint
5d
3.6k
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Deloitte Adds Rajendra Nalam To Mergers And Acquisition Practice Team
- Deloitte has added Rajendra Nalam to its mergers and acquisition practice team, with a focus on the US-India corridor for cross-border transactions.
- Nalam brings over 25 years of experience in corporate finance, transaction tax, deal structuring, private equity, venture capital, and capital markets transactions.
- He has a background in various industries such as fintech, real estate, energy, technology, and media, and has previously held positions at Paytm, KPMG, and Solys Capital.
- Having managed complex cross-border transactions, Nalam's expertise lies in combining deal knowledge with a deep understanding of Indian tax and regulatory frameworks.
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Bloomberg Quint
5d
40
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Centre Extends Deadline For Ravi-Beas Water Tribunal Report By Another Year
- The Centre has extended the deadline for the Ravi and Beas Waters Tribunal report submission by another year to August 5, 2026.
- The extension was granted due to ongoing delays in resolving issues related to the Punjab water settlement as highlighted by the tribunal.
- The tribunal, formed in 1986, is responsible for adjudicating matters concerning the distribution of Ravi and Beas river waters between Punjab and neighboring states.
- The review process, which has been ongoing for nearly four decades, has seen additional references and clarifications sought by the Centre since the tribunal's initial report in 1987.
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Bloomberg Quint
5d
185
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Signature Global Confident To Meet Rs 12,500 Crore Pre-Sales Target In Fiscal 2026
- Signature Global aims to achieve a target of selling homes worth Rs 12,500 crore in fiscal 2026, despite a 15% decline in bookings in the June quarter.
- Although facing a drop in sales bookings in the April-June quarter, Signature Global remains optimistic about reaching its sales target for the year.
- The company plans to refinance debt and expand business by raising Rs 875 crore through the issue of non-convertible debentures.
- Having delivered 13.5 million sq ft of housing projects since its inception, Signature Global has a robust pipeline for upcoming projects to meet future demands.
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Bloomberg Quint
5d
376
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India's Forex Reserves Slip By $3 Billion To $699.74 Billion
- India's foreign exchange reserves fell to $699.74 billion, a decrease of $3 billion in the week ending July 4.
- Foreign currency assets, a significant part of the reserves, dropped by $3.53 billion to $591.28 billion during the same week.
- Gold reserves, however, saw an increase of $0.3 billion to reach $84.84 billion.
- Despite the decline, India remains the fourth-largest holder of foreign exchange reserves globally, behind China, Japan, and Switzerland.
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SiliconCanals
5d
208
Amsterdam-based CapitalT announces first close of €50M Fund II to scale impact investing
- Amsterdam-based CapitalT, a pre-seed stage VC, announced the first close of its second fund at €50M.
- CapitalT aims to scale impact investing by backing exceptional teams in Climate Tech and Future of Work.
- The VC, founded by Janneke Niessen and Eva de Mol, focuses on software technology companies that solve real-world problems using AI.
- CapitalT's investment interest spans countries like the Netherlands, the UK, Sweden, Norway, Denmark, Finland, and Germany, with a portfolio including companies like Test Gorilla, Memri, and SwipeGuide.
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Bloomberg Quint
5d
305
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Sula Vineyards Q1 Update: Revenue Declines 8%, Wine Tourism Continues To Rise
- Sula Vineyards reported an 8% decline in revenue for the quarter ended June compared to the previous year, with revenue falling to Rs 118.3 crore.
- The company's revenue from its 'own brands' decreased by 10.8% due to a slowdown in urban consumption and pre-loading of spirits by trade, blocking trade placement for wine.
- On a positive note, Sula Vineyards' wine tourism segment saw a revenue increase of 21.8% to Rs 13.7 crore, attributed to higher footfalls, record occupancy, and guest spending in the first quarter.
- Despite the revenue decline, the company's shares have fallen over 40% in the past 12 months and around 28% year-to-date, settling at Rs 299.60 apiece on the NSE.
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Bloomberg Quint
5d
270
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US Treasuries Volatility Gauge Falls To More Than Three-Year Low
- The ICE BofA MOVE Index, a measure of expected fluctuations in yields, hit its lowest level since early 2022, indicating stabilization in the US Treasuries market after months of volatility.
- Government bonds have faced volatility due to President Donald Trump’s tariff threats and concerns over increased fiscal spending, although recent auctions for US 10-year and 30-year bonds showed strong demand, signaling optimism.
- The auction of 30-year Treasuries was well received, easing some concerns according to Mohit Kumar, but fiscal worries persist, with 10-year yields rising on Friday, potentially leading to a second consecutive week of declines.
- Market watchers are keeping an eye on the US government's budget balance release for June and its debt management strategies. Inflation concerns from tariff hikes and interest rate expectations by Federal Reserve officials, including potential rate cuts, continue to impact bond markets.
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