A naukri.com initiative
Funding News
Bloomberg Quint
1w
193
Image Credit: Bloomberg Quint
Mumbai To Get London-Style ‘Mumbai One’ Card For All Public Transport, Says CM Fadnavis
- Maharashtra Chief Minister Devendra Fadnavis has announced the launch of 'Mumbai One' card to function across various modes of transport in Mumbai Metropolitan Region.
- The card will enable seamless travel across the Metro, Monorail, local trains, and public buses in Mumbai and MMR regions.
- Modelled on London's Oyster card, the initiative aims to simplify and streamline the daily commute for millions of Mumbaikars.
- Discussions have already been held with the railway minister to facilitate the onboarding of suburban railways.
Read Full Article
11 Likes
Bloomberg Quint
1w
37
Image Credit: Bloomberg Quint
Gold ETFs Record First Monthly Outflow In A Year
- Gold ETFs recorded a net outflow of Rs 77 crore in March, compared to a net inflow of Rs 1,980 crore in February.
- This marks the first monthly outflow of funds from gold ETFs since April 2024.
- The pullback ends a 10-month streak of net inflows into gold ETFs.
- Gold ETFs are passive investment instruments that track the price of gold and provide a tax-efficient way of investing in the precious metal.
Read Full Article
2 Likes
Bloomberg Quint
1w
216
Image Credit: Bloomberg Quint
Apollo Hospitals Planning Buyouts To Boost North India Footprint
- Apollo Hospitals Enterprise Ltd., India’s largest health care provider, is planning to boost its presence in North India through acquisitions and new projects.
- The company aims to add about 3,500 beds over three to four years, with a focus on India’s northern region.
- Apollo Hospitals is looking for market leadership in key cities to meet the growing demand for high-end medical care.
- The company also plans to build a $29 million cancer center and sees oncology, cardiac, neurology, and preventive healthcare as key areas of growth.
Read Full Article
12 Likes
Bloomberg Quint
1w
0
Image Credit: Bloomberg Quint
Ambedkar Jayanti 2025 Stock Market Holiday: Are NSE And BSE Open Or Closed On April 14?
- The stock markets in India will remain closed on Monday, April 14, on the occasion of Ambedkar Jayanti – the birth anniversary of Dr BR Ambedkar.
- Both the National Stock Exchange (NSE) and the BSE will remain closed for trading and settlement in stocks, derivatives, and securities lending and borrowing (SLB) segments on this day.
- Ambedkar Jayanti will be the second weekday market holiday in April. Trading will resume as usual on April 15, Tuesday.
- The stock market has 14 trading holidays in 2025 as per the NSE calendar. Following the three holidays in April, the market will be closed on May 1, Aug. 15, Aug. 27, Oct. 2, Oct. 21, Oct. 22, Nov. 5, and Dec. 25.
Read Full Article
Like
Bloomberg Quint
1w
404
Image Credit: Bloomberg Quint
Delhi EV Policy 2.0: Women Likely To Be Offered Rs 36,000 Subsidy On Electric Two-Wheeler Purchase
- The Delhi government is considering offering a subsidy of up to Rs 36,000 on the purchase of electric two-wheelers for women under the Electric Vehicle Policy 2.0.
- The incentive can be availed by the first 10,000 women with a valid driving license.
- The policy draft also includes incentives for electric three-wheelers, commercial vehicles, and scrapping old fossil fuel-driven vehicles.
- To promote the adoption of electric vehicles, women in Delhi may receive a purchase incentive of Rs 12,000 per kilowatt-hour (kWh) on electric two-wheelers.
- Under the scheme, owners scrapping old fossil fuel vehicles can avail additional incentives, and electric auto-rickshaws may receive a purchase incentive of Rs 10,000 per kWh.
- The policy aims to accelerate electric vehicle adoption in Delhi and may mandate the phasing out of CNG auto-rickshaws and fossil fuel vehicles.
- Additionally, incentives are proposed for electric goods carriers, with caps set on ex-showroom prices for eligibility.
- The draft policy recommends strict timelines for transitioning to electric vehicles, including banning certain fuel types by specific dates.
- The extension of the current Electric Vehicle policy aims to address air pollution concerns and improve the adoption of eco-friendly vehicles.
Read Full Article
24 Likes
Bloomberg Quint
1w
143
Image Credit: Bloomberg Quint
Saturday Bank Holiday: Are Banks Opened Or Closed On April 12?
- According to the Reserve Bank of India’s calendar, as many as four bank holidays are lined up over the next seven days in various states of India.
- According to the Reserve Bank of India’s calendar, the second and fourth Saturdays will be observed as holidays. This means that on Saturday, April 12, it will be a bank holiday across India.
- Various states in India, including Tripura, West Bengal, Jammu and Kashmir and more, will observe a bank holiday on April 14.
- Banking operations will resume as usual on April 19, as the third Saturday is not scheduled as a holiday in the RBI calendar.
Read Full Article
8 Likes
Bloomberg Quint
1w
341
Image Credit: Bloomberg Quint
Zerodha Console Gets New Portfolio Performance Curve Feature
- Zerodha Console has introduced a new feature called Portfolio Performance Curve.
- The feature allows users to visualize their account performance and compare it to a benchmark like Nifty 50.
- Zerodha CEO, Nithin Kamath, highlighted that they are the only broker in India and possibly worldwide providing this feature.
- The Portfolio Performance Curve is currently in beta and more analytics will be added in the future.
Read Full Article
20 Likes
Bloomberg Quint
1w
198
Image Credit: Bloomberg Quint
Investment Banker Flags 'Most Common' Property Fraud In India—How Home Buyers Can Protect Money
- Investment banker Sarthak Ahuja recently highlighted a common fraud that happens during real estate purchases in India.
- Many buyers fail to hire lawyers for a thorough title check, leaving them vulnerable to scams.
- To address such incidents, a product called "Title Insurance" is now available, which covers financial losses and legal fees in case of title disputes.
- Some argue for a greater emphasis on ensuring clear land records instead of relying solely on insurance.
Read Full Article
11 Likes
Bloomberg Quint
1w
105
Image Credit: Bloomberg Quint
India Ready For Speedy Trade Deal Negotiations With US, EU Amid Growing Strategic Ties, Says Jaishankar
- India is ready for speedy trade deal negotiations with the US and EU amid growing strategic ties, says Jaishankar.
- Trump's policy on tariffs has triggered trade disruptions and global economic recession fears.
- India aims to conclude a bilateral trade agreement with the US as early as possible.
- Negotiations with the EU for a free trade agreement are also a priority for India.
Read Full Article
6 Likes
Bloomberg Quint
1w
333
Image Credit: Bloomberg Quint
Deadline To Settle Tax Disputes Under Vivad Se Vishwas 2024 Extended To April 30
- The last date to apply for the Direct Tax Vivad Se Vishwas Scheme, 2024 (VSV 2.0) has been extended to April 30.
- Under the scheme, individuals and companies can settle ongoing tax disputes by paying the disputed tax amount along with a specified percentage.
- Only tax disputes that were pending on or before July 22, 2024, are eligible under this scheme.
- Once the declaration is filed, the tax authority issues a certificate within 15 days and the case is closed.
Read Full Article
20 Likes
SiliconCanals
1w
63
Image Credit: SiliconCanals
Germany’s Clinomic secures €23M to help doctors make faster ICU decisions: Know more
- German company Clinomic has secured €23M in a Series B funding round to expand internationally and improve its AI and data capabilities in acute and intensive care medicine.
- Clinomic's AI-based platform, Mona, gathers and analyzes patient and operational data in real-time to assist ICU teams in their daily work.
- The company aims to address challenges in intensive care, such as staff shortages, information overload, and digitization gaps, by providing a modern, data-driven approach.
- Sana Kliniken AG, which manages 53 hospitals, has selected Clinomic's Mona platform for integration into its healthcare operations.
Read Full Article
3 Likes
Bloomberg Quint
1w
274
Image Credit: Bloomberg Quint
Google Pixel 9A To Arrive In India On April 16; Check Camera, Specs And Other Details
- Google has launched its latest mid-range smartphone, the Pixel 9A, which will arrive in India on April 16.
- The Pixel 9A is positioned between budget and premium offerings and comes with several key upgrades at an affordable price.
- Notable features of the Pixel 9A include strong integration with other Google products, a 6.3-inch OLED display, good battery life, and a 48 MP main camera.
- The phone offers a reliable performance for everyday use, but has limitations in low-light photography.
Read Full Article
16 Likes
Eu-Startups
1w
202
From Lacoste to Victoria Beckham – Faume raises €8 million for second-hand fashion market
- Faume, a second-hand platform for fashion and luxury brands, has raised €8 million in a funding round to expand in Europe.
- The round was led by Amundi Private Equity Transition Juste, along with existing investors Daphni and Bpifrance.
- Faume enables fashion brands to develop a new revenue stream through its white-label second-hand solution, supporting over 45 brands.
- The company plans to support 150 brands in the next four years and aims to launch its 'Dynamic Pricing' AI solution in 2025.
Read Full Article
12 Likes
Bloomberg Quint
1w
181
Image Credit: Bloomberg Quint
India's Tyre Industry To Regain Grip, Says CLSA Initiating Coverage
- India's tyre industry is turning the corner into a sweet spot driven by rising pricing discipline, product quality, and mix, according to CLSA.
- CLSA has initiated coverage on MRF Ltd. with a target of 1,28,599, Apollo Tyres Ltd. at a target price of Rs 566, and CEAT Ltd. with a target of Rs 3,493, all with 'outperform' ratings.
- The sector is expected to see a rebound in the margin cycle, as key raw material costs cool off by 10-20% and a shift in focus towards higher-margin passenger car radials is observed.
- Valuations in the industry are more sensitive to profitability and capex discipline than revenue growth, and the largely domestic nature of the industry shields it from global volatility and US tariff tremors.
Read Full Article
10 Likes
Bloomberg Quint
1w
194
Image Credit: Bloomberg Quint
China Raises Tariffs On US To 125% And Says It Won’t Go Higher
- China will raise tariffs on all US goods from 84% to 125% with effect from April 12.
- China's Finance Ministry stated that further tariffs from the US on Chinese products will be ignored.
- The move comes after Trump hiked US levies on China.
- "Given that there is no longer any possibility of market acceptance for US goods exported to China under the current tariff levels, if the US side subsequently continues to impose tariffs on Chinese goods exported to the US, the Chinese side will pay no attention to it," according to the statement.
Read Full Article
11 Likes
For uninterrupted reading, download the app