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Bloomberg Quint
7h
48
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Rapido Trims Losses By 45% In FY24, Ride Orders Reach 20.7 Crore In FY25
- Rapido recorded a loss of Rs 371 core in fiscal 2024, 45% lower than last year.
- Rapido's gross order value reached Rs 2,461 crore in the second quarter of fiscal 2025.
- The number of ride orders doubled year-on-year to 20.7 crore.
- In FY24, Rapido's revenue stood at Rs 648 crore, up 46% on a year-on-year basis.
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Bloomberg Quint
7h
255
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Bitcoin Briefly Tops $93,000 On Trump Agenda, Fed Policy Outlook
- Bitcoin briefly reached a record high of $93,462, driven by expectations of interest-rate reductions and President-elect Trump's support for cryptocurrency.
- Speculators are uncertain if Bitcoin's rally will continue, potentially reaching $100,000, or if profit-taking will occur after a 34% advance since the US election.
- US inflation data meeting projections has increased expectations of another rate cut by the Federal Reserve in December, but Trump's tax cuts and trade tariffs add uncertainty to the future.
- Questions remain about the feasibility and timeline of Trump's promises to create a friendly regulatory framework for crypto and establish a strategic Bitcoin stockpile.
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Bloomberg Quint
7h
17
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Repco Home Finance Q2 Results Review - Another Strong Quarter Of Profitability: Yes Securities
- Repco Home Finance has reported another strong quarter of profitability in Q2.
- Yes Securities states that a growth uptick is required for significant incremental valuation re-rating.
- NDTV Profit offers quality and in-depth research reports for subscribers to expand their understanding of companies, sectors, and the economy.
- Subscribe to unlock subscriber-only benefits including access to stories, research reports, newsletters, special events, and more.
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Bloomberg Quint
7h
185
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Why Britannia May Foray Into The Savoury Snacks Segment
- Britannia Industries is actively exploring entry into the savoury snacks segment.
- The potential venture would mark a shift in Britannia's portfolio strategy, aligning with the trend of diversification in the industry.
- The company aims to expand its product range and strengthen its position in the competitive FMCG landscape.
- Slowing demand and inflationary cost pressures have squeezed Britannia's margins, making the snacking industry an attractive opportunity for growth and balancing out the pressures faced in its core biscuit segment.
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Eu-Startups
7h
59
London-based Workflow raises €2.8 million to make creative work faster using AI
- London-based company Workflow has raised over €2.8 million in pre-seed funding to develop its AI software for creative work.
- Workflow's platform provides a centralised hub for task management, digital asset organisation, and review processes.
- The platform integrates with popular design software, allowing teams to streamline workflows and save time.
- Workflow aims to enhance the creative process by leveraging AI to offer constructive feedback and automate routine tasks.
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Bloomberg Quint
7h
7
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8th Pay Commission: Expect Fitment Factor Of 2.86 For Salary Revision, Says Key JCM Member
- A fitment factor of at least 2.86 is expected as part of the 8th Pay Commission.
- The fitment factor is used to revise the basic salary and pension of government employees and retirees.
- The 7th Pay Commission had recommended a fitment factor of 2.57.
- If 2.86 is recommended as the fitment factor by the 8th Pay Commission, the minimum salary of employees will rise from Rs 17,990 to Rs 51,451.
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SiliconCanals
7h
270
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Amsterdam-based Payaut acquired by Ryan Reynolds-backed fintech company Nuvei
- Amsterdam-based fintech startup Payaut has been acquired by Canadian fintech company Nuvei.
- Payaut provides an automated payment solution for online platforms and marketplaces.
- Nuvei offers flexible and scalable technology for payments, including card issuing and fraud management.
- The merger will see Payaut become part of Nuvei Group and be led by Ernst Van Niekerk.
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Bloomberg Quint
7h
217
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Kalyan Jewellers Share Price Erases Gains After Rising On Q2 Earnings Beat
- Kalyan Jewellers' share price rose initially on Q2 earnings beat.
- The company reported a net profit of Rs 130 crore, down 3.3% from the same period last year.
- However, revenue surged 37% to Rs 6,065 crore, beating market estimates.
- Citi maintains a 'buy' rating on Kalyan Jewellers, raising its target price to Rs 810.
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Bloomberg Quint
7h
80
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India’s Trade Deficit Rises To $27.14 Billion In October, Exceeds Estimates
- India's trade deficit in October rose to $27.14 billion, exceeding estimates.
- Merchandise exports in October increased by 17.25% to $39.2 billion, while imports rose by 3.9% to $66.34 billion.
- Services trade exports in October reached $34.02 billion, with imports at $17 billion.
- Despite global economic volatility, Indian exporters have delivered across key sectors, keeping the country on track to surpass $800 billion in exports this year.
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VIE Stories
7h
288
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ePlane Company Raises $14 Million in Series B Round Funding
- ePlane Company has raised $14 million in a Series B fundraising round led by Antares Ventures and Speciale Invest.
- The funding will be primarily used for the development and certification of ePlane manned aircraft, with flight testing scheduled for mid-2025.
- The investment will also support the expansion and commercialization of ePlane drone technology, as well as enhance the company's technical skills.
- ePlane aims to revolutionize urban transportation with its small, light, and sustainable eVTOL aircraft, enabling faster intra-city trips and cargo transfer.
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VIE Stories
7h
161
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The ePlane Company Raises $14 Million in Series B Round Funding
- The ePlane Company has raised $14 million in a Series B fundraising round led by Antares Ventures and Speciale Invest.
- The funding will be used for the development and certification of ePlane's manned aircraft and to expand and commercialize ePlane drone technology.
- ePlane aims to transform urban transportation by developing small, light, and sustainable urban mobility solutions, including the e200x eVTOL aircraft.
- The Chennai-based company was founded by Professor Satya Chakravarthy and is focused on reducing traffic congestion in metropolitan areas.
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Bloomberg Quint
7h
239
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Why Swiggy Share Price Is Correcting On The Second Day Of Listing
- Swiggy's share price corrected on the second day of listing, falling over 4.5% on profit booking.
- On the first day of listing, Swiggy saw delivery volumes of 12.10 crore shares with a total value of trade at Rs 5,519 crore.
- The shares delivered accounted for 20.8% of the total shares offered in the IPO or 37.80% of the freely available shares.
- Institutions have bought nearly 38% of the free float available in the market, while retail and HNI likely sold a significant portion of their holdings.
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Bloomberg Quint
7h
330
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NHB Issues 10-Year Bonds First Time In A Decade At Slightly Higher Rate Of 7.14%
- National Housing Bank (NHB) has issued 10-year bonds for the first time in a decade.
- The bonds were issued at a coupon rate of 7.14%.
- Proceeds from the bond issue will be utilized for lending to housing finance companies and refinancing affordable housing assets.
- The bonds are rated AAA by CRISIL Ratings and will be allotted on November 19.
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Pymnts
8h
63
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MoneyLion CEO: Checkout Extends Our Evolution From Neobank to Financial Services Marketplace
- MoneyLion is not just a neobank, it is a financial services marketplace where consumers can access a variety of financial service products, including insurance, investments, credit and bank accounts.
- MoneyLion has adopted an Amazon-style approach to make it easy for consumers to discover and “check out” financial services products through its one-stop ecosystem.
- To address friction in the financial services process, MoneyLion has created a one-stop ecosystem that offers access to multiple services without the need to start the application process fresh.
- MoneyLion has launched a marketplace called MoneyLion Checkout that enables consumers to search, apply for and complete transactions across third party financial products.
- The company’s enterprise business grew 17% in Q3 compared to Q2, contributing to a top-line growth of 23% of $135m. MoneyLion has pivoted away from being a direct-to-consumer model, with first party products accounting for more than 90% of MoneyLion’s business.
- Partner companies connect to the MoneyLion network directly or via APIs. The company is taking the technology it built for its consumer business and making it available to enterprise partners.
- The MoneyLion population largely mirrors the US economy, and there is pent-up consumer demand for its products. The company is investing in its brand and raising awareness among consumers.
- In September, MoneyLion and TransUnion partnered to boost personalisation within consumer finance. The two companies are using bank verification data and AI to clean data and create a personal financial management tool.
- MoneyLion aims to become a must-have for the mass audience of the US.
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Bloomberg Quint
8h
179
Image Credit: Bloomberg Quint
Eicher Motors' Strategy Pivot Boosts Stock As Analysts Raise Target Price
- Eicher Motors' renewed growth focus over margins has enthused investors and analysts.
- The company has shifted its focus from EBITDA margins towards higher sales growth.
- Nomura upgraded the company to a 'neutral' and raised target price to Rs 4,391 from Rs 4,102 earlier.
- Inventory correction due to Diwali sales led to higher sales growth for Eicher Motors.
- Industry-wide festive retails were up 6-7% YoY, while Royal Enfield's was up 26%.
- Emkay has upgraded the company to a 'buy' with target price of Rs 5,300 from Rs 3,750 earlier.
- New launches like Classic 350, Classic 650 and Bear 650 have helped increase sales.
- Eicher is partnering with Triumph and Harley Davidson to introduce Speed 400, Scrambler and 440x motorcycles.
- Jefferies maintained their 'buy' rating with a target price of Rs 5,500.
- Increased marketing activities and improved supplies aided the strong festive sales of Eicher Motors.
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