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Medium
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“I Do Deals” — And Other Lies VC Associates Tell at Parties
- Venture Capital (VC) associates often misrepresent their actual role and responsibilities at parties.
- They claim to do deals and have influence, but in reality, they mainly perform grunt work and lack decision-making power.
- VC associates come from diverse backgrounds, with 40% from investment banking, 40% from startups, and the remaining from consulting and other fields.
- The VC industry has its own set of challenges, including a simple and incentivized business model, risk in deploying capital, and the need to differentiate unique insights.
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Bloomberg Quint
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Zomato Share Price Spikes After Liquidation Of Inactive Netherlands Subsidiary
- Zomato's share price rose 3.23% after the announcement of liquidation of its inactive Netherlands subsidiary.
- Zomato Netherlands, a non-material subsidiary of Zomato, has been inactive and does not contribute to the company's financial performance.
- The dissolution of Zomato Netherlands is not expected to impact the company's financial performance.
- Zomato officially changed its name to Eternal Ltd., following approval from the Ministry of Corporate Affairs.
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Bloomberg Quint
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282
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NBCC Share Price Hits Two-Month High On Selling Residential Units Worth Rs 1,505 Crore
- NBCC India Ltd. sold residential units worth Rs 1,504.7 crore through an e-auction.
- NBCC signed a strategic MOU with RailTel Corp. for data-center projects in India and overseas.
- The company received new orders from Central University of Haryana and Western Regional Power Committee.
- Shares of NBCC rose 3.67% on the NSE, reaching the highest level since February.
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Bloomberg Quint
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TCS Q4 Review: Caught In Macroeconomic Flux, Underwhelming Result, Upbeat TCV— ICICI Securities, Maintains Add
- TCS reported sequential revenue growth of -1%/ -0.8% USD/ CC, underperforming the brokerage's and consensus estimates of -0.8%/ -0.3% USD/ CC for Q4 FY25.
- ICICI Securities believe Q4 earnings might be grimmer for rest of the IT peers given that TCS has lesser % of revenue as discretionary versus peers. Despite management commentary that FY26 revenue growth will be better than FY25, we see low FY26 discretionary demand, weighing down growth.
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Bloomberg Quint
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282
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Nifty, Sensex Rally Nearly 2% After US Tariff Pause
- Indian benchmark indices, Nifty and Sensex, surged after a temporary pause in US trade tariffs, although gains were tempered by fears of US-China trade tensions.
- Nifty 50 rose by 2.12% to 22,859.35, while BSE Sensex climbed 1.99% to 75,319.35, breaking a one-day losing streak.
- Investors showed optimism for potential trade negotiations following the US tariff pause, leading to gains in Nifty Metal and Nifty Pharma sectors.
- The pause in tariffs, announced by US President Trump, triggered a rebound in global equities, with relief for over 75 countries but higher tariffs on China.
- Despite a historic rally on Wall Street, US equities fell sharply, impacting Asian markets, including Japan's Nikkei 225 and South Korea's Kospi.
- Currency markets experienced volatility, with the Indian rupee strengthening against the US dollar amid a decline in the dollar index.
- Foreign portfolio investors continued to be net sellers in Indian equities, while domestic institutional investors provided some support.
- In March, overseas investors had offloaded equities worth Rs 3,973 crore, as per data from the National Securities Depository Ltd.
- Overall, the market response to the tariff pause reflected a mix of optimism for negotiations and concerns over escalating trade tensions.
- The global market scenario was volatile as investors monitored developments in the US-China trade dispute and their impact on economic growth.
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Bloomberg Quint
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Inox Wind Q4 Results Preview— Strong Quarter Ahead; Capacity Additions Pick Up At India Level, Says Systematix
- Inox Wind's consolidated Ebitda (excluding other income) is expected to reach Rs 2.57 billion during the quarter, up 152% YoY and 24% QoQ, says the brokerage.
- Improved execution and commissioning in Q4 FY25 is expected to be driven by a pickup in EPC and continued ramp-up of manufacturing operations.
- Monitoring the execution pace and EPC completions remains crucial, given that abrupt policy changes and subdued order inflows are risks to Inox Wind, adds Systematix.
- With the brokerages' Q4 estimates, it expects FY25 annual execution to reach 720 MW (+91% YoY) compared to management’s guidance of 800MW.
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Bloomberg Quint
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123
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Tata Steel Share Price Rises As Netherlands Unit Announces Steps To Enhance Competitiveness
- Tata Steel Netherlands has announced a transformation programme to enhance its competitiveness.
- The programme focuses on maximising production efficiencies, lowering fixed costs, and optimizing product mix and margins.
- As a part of this reorganization, Tata Steel Netherlands will lose 1,600 management and support function roles.
- Tata Steel's share price rose by 5.91% in response to the announcement.
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Bloomberg Quint
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Adani Group Stocks Rally As Market Surges; Adani Green Leads Pack With 5% Gain
- Adani Group Stocks Rally As Market Surges; Adani Green Leads Pack With 5% Gain.
- Adani Green Energy Ltd. soared nearly 5% to reach Rs 903.4, while Adani Enterprises Ltd. followed closely with a 4.77% increase.
- Adani Total Gas Ltd. recorded a 3.76% increase, Adani Ports and Special Economic Zones Ltd. rose by 3.34%, and Adani Power Ltd. posted a gain of 3.12%.
- The rally in Adani group stocks was driven by the overall positive sentiment in the market and the 90-day pause on tariffs announced by US President Donald Trump.
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Bloomberg Quint
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3.7k
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BSNL Wind-Down Drags TCS India Business, Global Markets Hold Steady, Says CEO Krithivasan
- A slowdown in TCS India business is due to the near-completion of the BSNL 4G rollout deal, while global markets hold steady.
- The BSNL 4G rollout deal, won in 2023, is now in its final stages and will take a couple more quarters to wind down completely, leading to a slip in operating margin for TCS.
- On the global front, TCS reported a strong total contract value of $12.2 billion in Q4, with no cancellations, but there were some project deferrals and reductions in scope due to macroeconomic uncertainty.
- TCS is focusing on Europe, engaging in discussions on sovereign and private cloud deals, while exploring opportunities to grow its limited defense exposure.
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Bloomberg Quint
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97
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Who Is Venu Gopalakrishnan? Kerala CEO Pays Rs 46 Lakh For Fancy Number Plate For His Lamborghini Urus
- Venu Gopalakrishnan, a Kerala-based CEO, has spent Rs 45.99 lakh for a fancy number plate for his Lamborghini Urus Performante.
- The number plate, 'KL 07 DG 0007', resembles the popular '007' reference from James Bond.
- Gopalakrishnan is the founder and CEO of Kochi-based IT firm Litmus 7 Systems Consulting Pvt. Ltd.
- The purchase has set a record for the most expensive number plate ever sold in the state of Kerala.
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Bloomberg Quint
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486
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TCS Q4 Results Review — IDBI Capital Upgrades Rating To 'Buy', Sees Upto 15% Upside
- IDBI Capital upgrades rating to 'Buy' on TCS Q4 results review.
- With the near term softness already reflected in the price, IDBI Capital upgrades rating to Buy from Hold.
- TCS' order book TCV stood at $12.2 billion with 1.6x in Q4 without a mega deal.
- TCS being a market leader with their strong managed portfolio, Gen AI projects and workforce strength would continue to be the same.
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Bloomberg Quint
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135
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RBI's Gold-Lending Guidelines: Harmonisation Of Loan-To-Value Norms; Nothing Disruptive, Says Motilal Oswal
- RBI has introduced revised gold-lending guidelines to establish a harmonized and uniform regulatory framework.
- The guidelines aim to address concerns related to prevailing lending practices in the gold lending sector.
- NBFCs and other banks will have to adhere to the loan-to-value (LTV) cap of 75% throughout the tenor of the loan.
- Motilal Oswal believes these guidelines will not disrupt the gold lending industry.
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Bloomberg Quint
1w
405
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Q4 Results 2025: These Insurance Companies Will Declare Earnings Next Week; Check Date And Details Here
- HDFC Life Insurance will announce the Q4 results on April 17. The Board will also discuss the potential recommendation for a dividend for FY 2024-25.
- India's insurance market is expected to reach $222 billion by 2026. Q4 results of insurance companies will provide crucial insights into their performance and growth potential.
- ICICI Prudential Life Insurance will announce the Q4 results on April 15. ICICI Lombard General Insurance will also declare results on the same day.
- The trading window will remain closed for specific periods for HDFC Life Insurance, ICICI Prudential Life Insurance, and ICICI Lombard General Insurance.
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Bloomberg Quint
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North Rhine-Westphalia: A Win-Win Opportunity For Indian Tech Sector & German Innovation
- North Rhine-Westphalia (NRW) serves as India's gateway to Europe, fostering partnerships for mutual growth.
- NRW is a hub of innovation, leading in manufacturing and next-gen technologies like Industry 4.0 and clean energy.
- The synergy between India's digital ecosystem and Germany's industrial prowess presents vast opportunities for collaboration.
- Indian tech companies like Infosys and TCS are thriving in NRW, leveraging the business-friendly environment and support.
- NRW.Global Business facilitates collaborations between Indian and German companies, promoting cross-innovation and digital transformation.
- Areas of collaboration include AI, Industry 4.0, green technology, smart cities, and cybersecurity for sustainable growth.
- NRW is in discussions with Indian companies to establish Centers of Excellence in emerging sectors like Hydrogen and Clean Energy.
- The partnership aims to drive meaningful transformations in German businesses while benefiting Indian firms.
- NRW also focuses on cultural integration, with a growing ecosystem for Indian companies and residents in the region.
- The collaboration between India and Germany offers a win-win scenario, enabling mutual innovation, growth, and sustainability.
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Bloomberg Quint
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392
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JEE Main Answer Key 2025 Session 2 Expected Today At jeemain.nta.nic.in; Steps To Download
- The JEE Main 2025 Session 2 exams were conducted between April 2 and 9.
- The National Testing Agency (NTA) is expected to release the answer key for the JEE Main Session 2 on Friday.
- Candidates can access the JEE Main provisional answer key 2025 Session 2 from the official portal jeemain.nta.nic.in using their login password.
- The NTA will release the final answer key after considering the challenges submitted by the candidates.
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