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Bloomberg Quint
6d
85
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NPCI International Payments Expands UPI Acceptance To Boost Digital Payments
- NPCI International Payments Ltd. is expanding Unified Payments Interface (UPI) acceptance in the UAE to boost digital payments and support a cashless economy.
- The platform aims to enable UPI in high-frequency sectors like retail, hospitality, entertainment, transportation, and essential services by collaborating with regulators and acquirers.
- The initiative supports the UAE's goal of achieving 90% digital transactions by 2026 and enhances payment experiences for Indian travelers visiting the UAE.
- NPCI International's partnerships in the UAE with financial institutions and payment providers have facilitated QR-based UPI acceptance at outlets like Dubai Duty Free and Lulu Hypermarket.
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Bloomberg Quint
6d
329
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Google’s Gemini AI App Can Now Turn Photos Into Short Video Clips
- Google's Gemini AI app now allows paid users to convert photos into short video clips. The feature is available to subscribers of Google AI Ultra and Pro plans in select regions.
- Users can create 8-second video clips with sound based on a photo and text description. The videos are generated as MP4 files at 720p resolution in a 16:9 landscape format.
- The feature is powered by Veo 3, Google's latest video generation model. The AI tool aims to bring still images to life but may have limitations in accurately representing faces or complex prompts.
- Google restricts the creation of videos featuring publicly identifiable figures or encouraging dangerous activities. While the tool excels in animating objects and nature scenes, it may struggle with complex prompts like changing a person's appearance accurately.
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Bloomberg Quint
6d
382
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Italy’s Ferrero Agrees To Buy Kellogg In $3.1 Billion Deal
- Ferrero International SA has agreed to acquire WK Kellogg Co. for $3.1 billion, offering $23 per Kellogg share in cash, representing a 31% premium from Kellogg's closing price.
- Ferrero's acquisition of Kellogg will expand its empire of comfort foods, diversifying its portfolio and boosting its foothold in the US market.
- Kellogg, struggling with growth since being split into two businesses, will see Ferrero invest in and grow key brands like Frosted Flakes and Rice Krispies.
- The deal, expected to close in the second half of 2025, has been unanimously approved by Kellogg's board. Ferrero aims to strengthen Kellogg's position in the US market amidst changing consumer trends.
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TechCrunch
6d
223
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5 days until TechCrunch All Stage — save up to $475 before prices rise
- TechCrunch All Stage 2025 event in Boston will take place in 5 days, highlighting startup growth strategies and practical insights for founders, operators, and investors.
- Founder Passes are currently priced at $100 and Investor Passes at $200, offering savings of up to $475 before rates increase.
- The event will feature breakout sessions on various startup topics, interactive roundtables, a pitch competition, curated networking opportunities, and after-hours side events.
- Key speakers at the event include industry experts discussing topics such as disruptors, VC landscape, founder mental wellness, team intelligence, and successful fundraising strategies.
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Bloomberg Quint
6d
217
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Bain Capital Sells 1.9% Stake In Embassy Office Parks REIT For Rs 691 Crore
- Private investment firm Bain Capital divested a 1.9% unitholding in Embassy Office Parks REIT for Rs 691 crore through an open market transaction.
- Bain Capital's affiliate sold over 1.78 crore units at an average price of Rs 388 apiece.
- Details of the buyers of Embassy Office Parks REIT units remain undisclosed.
- Embassy Office Parks REIT raised Rs 1,550 crore through debentures and term loans to refinance debt and reduce interest costs.
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Bloomberg Quint
6d
145
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Samsung Plans To Unveil Its First Trifold Smartphone In 2025
- Samsung plans to release its first trifold smartphone later this year to compete with Huawei in the foldable technology market.
- The trifold will join Samsung's lineup that already includes three foldable smartphones, unveiled at the recent Unpacked event in New York.
- Huawei introduced the world's first trifold smartphone in September, setting the stage for Samsung's upcoming entry into this innovative technology segment.
- Apple is also anticipated to enter the foldables market next year, following Samsung's and Huawei's initiatives.
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Bloomberg Quint
6d
58
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Fed’s Waller Backs Balance Sheet Runoff, Shift In Composition
- Federal Reserve Governor Christopher Waller supports reducing the size of the US central bank's balance sheet and shifting its composition to include more short-term assets.
- Waller mentioned that the balance sheet should shrink, but not as much as some Fed watchers and economists have suggested.
- He indicated that the ideal bank reserves should be around $2.7 trillion to maintain an 'ample' level, which would result in a balance sheet of $5.8 trillion compared to the current $6.7 trillion.
- The article suggests that Federal Reserve Governor Christopher Waller backs balance sheet runoff and a shift in composition to adjust the reserve balances to the appropriate levels.
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Bloomberg Quint
6d
234
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Deepak Fertilisers Enters Long Term Pact With Petronet LNG For LPG Regasification
- Deepak Fertilisers and Petrochemicals Corporation Ltd have entered a long-term agreement with Petronet LNG Ltd for regasification of Liquefied Natural Gas.
- Per the agreement, Petronet LNG will regasify about 25 Trillion British Thermal Units of LNG annually for a period of five years, primarily at its Dahej terminal.
- The regasified gas will be supplied to Deepak Fertilisers' manufacturing facilities at Taloja, Mumbai, for internal consumption, enabling a value chain from gas to final products like NPK fertilisers and industrial chemicals.
- Deepak Fertilisers' last mile regasification contract positions the company uniquely to offer products like Ammonia and Nitric Acid, extending up to downstream final products.
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Bloomberg Quint
6d
153
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UK, Bharti Back Eutelsat In €1.5 Billion Push To Rival Starlink
- The UK and Bharti Group have invested in Eutelsat in a €1.5 billion push to compete with Starlink in the global satellite Internet market.
- Eutelsat, with a fleet of 669 satellites, is now the second-largest satellite operator globally.
- The funding round includes contributions from the UK, France, Bharti Group, and other strategic investors, aimed at advancing Eutelsat's capabilities and expanding its low-earth orbit and geostationary satellite operations.
- The investments will be raised in two phases with an expected completion by end-2025, pending regulatory approvals, to accelerate innovation and expand Eutelsat's global presence in response to growing satellite Internet demand.
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Bloomberg Quint
6d
91
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India's Most Diverse Companies Deliver 50% Higher PAT, Says Study
- A study revealed that the most diverse companies in India delivered 50% higher net profit compared to less diverse counterparts.
- Around 8 out of 10 industries studied showed a positive relationship between the presence of women and profit after tax (PAT).
- India Inc. is still lacking true inclusivity, with over 63.45% of organizations having zero women in key managerial positions.
- The study emphasized the importance of having women not just in the room, but at the table influencing decisions and shaping strategy for true inclusion.
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Bloomberg Quint
6d
679
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Tata Steel Acquires Shares Worth Rs 1,074 Crore In Singapore Unit
- Tata Steel Ltd. has acquired a stake in its Singapore-based unit, T Steel Holdings Pte. Ltd., worth Rs 1,073.63 crore ($125.25 million).
- The acquisition consisted of 124.6 crore shares with a face value of $0.1005 each, maintaining T Steel Holdings as a wholly-owned subsidiary of Tata Steel.
- This recent stake acquisition follows Tata Steel's previous investments in T Steel Holdings, including a stake worth Rs 10,727 crore in February and Rs 2,348 crore in August 2024.
- Tata Steel plans to infuse funds into its foreign subsidiary through equity share subscriptions and intends to acquire shares in one or more tranches during this financial year.
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Bloomberg Quint
6d
330
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What TCS Q1 Earnings Mean For The IT Sector
- TCS reported stable operating performance in Q1 with an EBIT margin of 24.5% and consolidated EBIT at Rs 15,514 crore.
- TCS saw a contraction in demand for IT services in Q1 despite booking orders worth $9.4 billion, leading to uncertainties in the market.
- TCS faced pressure on margins in Q1 due to higher wage costs despite expecting better margins as the BSNL order tapered off.
- TCS plans to focus on employee engagement to manage the rise in attrition rates and aims to push for higher utilisation and productivity in the coming quarters.
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Bloomberg Quint
6d
921
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Aggcon Equipment Files DRHP To Raise Funds Through IPO
- Aggcon Equipment Ltd. filed its preliminary papers with SEBI for an IPO to raise funds through a mix of fresh shares and an offer-for-sale.
- The IPO will include fresh issue shares worth Rs 32.04 crore and an offer-for-sale of up to 54 lakh shares by promoters.
- Proceeds from the IPO will be used for repayment of borrowings, capital expenditure, and general corporate purposes.
- Aggcon Equipment, with over 22 years of experience, specializes in infrastructure equipment rental services and saw a revenue increase of 19.47% in fiscal 2025.
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Bloomberg Quint
6d
152
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JPMorgan Considers Cutting China, India Share In EM Bond Index
- JPMorgan Chase & Co. is considering reducing the weight of China and India in its GBI-EM Global Diversified index, a benchmark for local-currency developing-nation debt.
- The proposed amendments aim to broaden the range of developing-nation debt and one suggestion includes lowering the cap on individual countries from 10% to 8.5%.
- The changes, if implemented, could impact major bond sellers in emerging markets like Indonesia, Mexico, Malaysia, China, and India, benefiting countries like Brazil, South Africa, Poland, and Colombia.
- JPMorgan's index revisions could influence global investment flows, affecting funds for developing-nation debt, while the bank is also considering a new frontier local markets index covering 21 markets across 20 currencies.
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Bloomberg Quint
6d
104
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PC Jeweller To Raise Rs 500 Crore Via Preferential Allotment
- PC Jeweller Ltd. plans to raise nearly Rs 500 crore through a preferential allotment of equity shares and warrants on a private placement basis.
- The company will issue up to 9.72 crore fully convertible warrants to its promoter group at Rs 18 per warrant, amounting to Rs 175 crore, and up to 18.05 crore equity shares to non-promoter public investors at the same price, aggregating to Rs 325 crore.
- In line with the fundraise, PC Jeweller has increased its authorised share capital from Rs 1,260 crore to Rs 1,310 crore by creating an additional 50 crore equity shares.
- The issue price for both warrants and shares is higher than the floor price as per SEBI regulations, and the allotment is subject to shareholder and regulatory approvals.
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