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Bloomberg Quint
1d
773
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Uber Shuttle, Cityflo To Shut In Mumbai? Transport Minister Orders Crackdown, Say Reports
- Maharashtra Transport Minister Pratap Sarnaik has ordered a crackdown on aggregator bus services, including Uber Shuttle and Cityflo, in Mumbai for operating without the necessary license.
- Strict actions will be taken against senior RTO officials who failed to address the issue of unauthorized bike taxis and aggregator buses operating illegally in the city.
- Sarnaik mentioned that a policy for bus aggregators could be devised for the benefit of commuters, but illegal operations of these app-based buses must cease.
- Cityflo reportedly stated that they have applied for a license and are cooperating with the state government for compliance, indicating their willingness to work with authorities for offering bus services.
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Bloomberg Quint
1d
113
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NCC Bags Rs 2,269-Crore Contract For Mumbai Metro Line 6 Development
- NCC Ltd. secured a Rs 2,269-crore contract for the development of Mumbai Metro Line 6, involving various infrastructural requirements.
- Construction for the project is expected to span over 24 months, with additional maintenance periods.
- NCC will be responsible for designing, manufacturing, supplying, and installing platform screen doors, signaling systems, train control, telecommunication systems, and rolling stock integration.
- Stock performance of NCC has seen a slight decrease, but analyst ratings remain positive with a potential upside in the stock.
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TechCrunch
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357
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Just 4 days until TechCrunch All Stage kicks off in Boston — and the lowest ticket prices vanish
- TechCrunch All Stage 2025 in Boston will take place at SoWa Power Station on July 15, with a limited time to save up to $475 on tickets.
- The event is geared towards founders, builders, and backers, offering valuable insights and advice for those at different stages of their startup journey.
- Key speakers include industry leaders discussing topics such as navigating the VC landscape, sustainable company-building, fundraising mistakes to avoid, and leveraging innovation.
- The agenda includes sessions on fundraising, scaling, pitching competitions, networking opportunities, and after-hours events, aiming to help startups accelerate their growth.
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Bloomberg Quint
1d
95
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BSE, NSE Warn Of Online-Bond-Platform Risks; Urge Investors To Do Due Diligence Before Investing
- The National Stock Exchange and BSE issued a public advisory warning investors about the risks associated with online bond platform providers and emphasized the importance of understanding bond characteristics, risks, and costs.
- Investors are urged to check SEBI registration, review credit ratings, understand issuer repayment history, assess liquidity, be aware of settlement processes and tax implications before investing through online platforms.
- Exchanges recommend using a rating-based risk scale akin to a mutual fund risk-o-meter to evaluate different bond risks. Concepts like Yield to Maturity and coupon rate are highlighted to help investors understand returns and interest rate impacts.
- The advisory underlines the inverse relationship between bond prices and yields, emphasizing the importance of understanding interest rate risk and associated costs to accurately assess final returns.
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Eu-Startups
1d
29
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
1d
72
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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
1d
190
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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
1d
106
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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
1d
1.9k
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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
1d
688
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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14 Likes
Bloomberg Quint
1d
41
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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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2 Likes
Bloomberg Quint
1d
231
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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
1d
2.1k
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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
1d
38
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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
1d
172
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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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