A naukri.com initiative
Funding News
Bloomberg Quint
1w
277
Image Credit: Bloomberg Quint
Specialty Chemical Q4 Results Preview: Sustained Pricing Pressure To Weigh On Margin Recovery, Says DRChoksey
- In Q4 FY25, revenue growth for most specialty chemical companies is expected to be driven by higher volumes, but limited margin expansion due to ongoing competitive pricing pressure.
- Prices of specialty chemicals have stabilized, but a sustained upward trend is yet to be seen.
- DRChoksey's top picks for growth are UPL, supported by strong volume growth and gradual recovery in price, and Ami Organics, which has strong growth in the Advanced Intermediates segment.
- DRChoksey anticipates sustained pricing pressure to impact margin recovery in the specialty chemical sector.
Read Full Article
16 Likes
Bloomberg Quint
1w
375
Image Credit: Bloomberg Quint
FPIs Stay Net Sellers For Eighth Session
- Foreign portfolio investors (FPIs) remained net sellers for the eighth consecutive session, offloading Rs 4,358 crore worth of shares on Wednesday.
- Domestic institutional investors were net buyers for the third day, purchasing equities worth Rs 2,976.7 crore.
- In 2025, FPIs have sold equities worth Rs 1.43 lakh crore.
- Benchmark equity indices closed lower after the RBI's rate cut.
Read Full Article
22 Likes
TechCrunch
1w
319
Image Credit: TechCrunch
Artisan, the ‘stop hiring humans’ AI agent startup, raises $25M — and is still hiring humans
- Artisan, the AI sales agent startup founded by 23-year-old Jaspar Carmichael-Jack, raised $25 million in a Series A funding round led by Glade Brook Capital.
- Other participants in the funding round included Y Combinator, Day One Ventures, HubSpot Ventures, Oliver Jung, Fellows Fund, and others.
- The company, known for its 'Stop Hiring Humans' campaign, faced backlash but still employs 35 humans and is hiring more.
- Despite the campaign, Carmichael-Jack believes human labor is valuable alongside AI technology.
- Artisan experienced customer churn in the AI sales development representative (AI SDR) market, but claims to have improved its product, Ava, to reduce errors.
- The company has 250 customers and $5 million in annual recurring revenue, with plans to launch new AI agent products Aaron and Aria by the end of 2025.
- Artisan has learned not every company is suitable for AI SDR, with some industries not being a fit for their services.
- They emphasize qualifying customers carefully to ensure success, targeting a 1% response rate.
- Artisan leverages a proprietary database of brick-and-mortar businesses and offers a new 'success-based pricing' option with Paid.ai.
- The company aims to provide value to customers and is focusing on improving sales automation and targeting outreach efforts more effectively.
Read Full Article
19 Likes
Pymnts
1w
68
Image Credit: Pymnts
Ryft Raises $7.3 Million to Expand Embedded Payment Solution
- Ryft raised $7.3 million in a Series A funding round to expand its embedded payment solution.
- The funding will be used to automate and scale payment flows, catering to the needs of platforms, marketplaces, and acquirers.
- Ryft's solution allows businesses to accept online payments, automate split payments, and ensure regulatory compliance.
- The funding round was led by EdenBase, with support from various investors, including executives from PayPal.
Read Full Article
4 Likes
Bloomberg Quint
1w
187
Image Credit: Bloomberg Quint
World Gold Council CEO Predicts Price Rise Amid Tariff War
- There is no foreseeable scenario where prices of the yellow metal will decline amid the tariff war, according to David Tait, chief executive officer of World Gold Council.
- Every indicator, both logical and instinctive, points towards a rise in gold's value, Tait told NDTV Profit in a conversation on Wednesday.
- A growing concern for many is the threat to global financial stability posed by the sovereign debt crisis, with $72 trillion in sovereign debt already existing and an additional $12–13 trillion expected this year, Tait said.
- Since US President Donald Trump's inauguration, gold prices have not rallied as much as anticipated. Many expected a decline in gold prices due to the reversal of key economic indicators that usually influence gold purchases, Tait said.
Read Full Article
11 Likes
Bloomberg Quint
1w
133
Image Credit: Bloomberg Quint
Adani's Vizhinjam Port Welcomes MSC Turkiye, World's Largest Green Container Ship
- Adani's Vizhinjam Port welcomed MSC Turkiye, the world's largest green container ship.
- MSC Turkiye, operated by Mediterranean Shipping Company, is 399.9m in length, 61.3m in width, and 33.5m in depth.
- The ship can load 24,346 twenty-foot equivalent units, making it one of the largest container ships ever built.
- Vizhinjam Port is a world-class trans-shipment hub located on international shipping routes.
Read Full Article
7 Likes
Bloomberg Quint
1w
413
Image Credit: Bloomberg Quint
Zomato, Swiggy, Nykaa, Nazara, Delhivery, Just Dial, Matrimony And More Q4 Results Preview: ICICI Securities
- ICICI Securities estimates Swiggy’s food delivery gross order value to decline 1.5% QoQ, grow 17.3% YoY, with an adjusted Ebitda margin (% of GOV) of 2.6%.
- ICICI Securities estimates Zomato's food delivery gross order value to remain flattish QoQ, grow 17.0% YoY, with an adjusted Ebitda margin (% of GOV) of 4.3%.
- The brokerage estimates the proportion of new stores (less than six months old) to increase to ~39% in Q4 FY25E from ~37% in Q3 FY25 for Blinkit and to ~39% in Q4 FY25E from ~21% in Q3 FY25 for Instamart. We believe this is likely to adversely impact profitability in Q4 FY25E. Therefore, we estimate adjusted Ebitda margin (% of gross order value) in quick commerce business to decline by 127 bps QoQ in Blinkit and 301 bps QoQ in Insta...
Read Full Article
24 Likes
Bloomberg Quint
1w
81
Image Credit: Bloomberg Quint
Indian Bank Lowers Repo-Based Lending Rate After RBI Decision
- Indian Bank has lowered its repo-based lending rate by 25 basis points after the Reserve Bank of India (RBI) decision.
- Earlier, Bank of India also reduced its repo-based lending rate by the same percentage.
- The earlier lending rate of Indian Bank was 6.25% before the cut.
- The Reserve Bank of India's Monetary Policy Committee lowered the repo rate from 6.25% to 6% and changed its stance from neutral to accommodative.
Read Full Article
4 Likes
Bloomberg Quint
1w
264
Image Credit: Bloomberg Quint
NDTV Profit Pulse On April 9— Top 8 Stories At 8 P.M. Under 8 Minutes
- India's Monetary Policy Committee, led by RBI Governor Sanjay Malhotra, cuts the benchmark repo rate by 25 basis points for the second time in a row.
- China imposes an additional 50% tariff on US goods, escalating the trade war.
- Brent crude oil prices fall nearly 5%, dropping below the $60 per barrel-mark.
- The Securities and Exchange Board of India raises the threshold for additional FPI disclosures from Rs 25,000 crore to Rs 50,000 crore.
Read Full Article
15 Likes
TechCrunch
1w
285
Image Credit: TechCrunch
Nuro’s $106M raise backs its shift from delivery robots to licensing autonomy tech
- Nuro has raised $106 million in funding to scale its autonomous driving technology and grow its commercial partnerships.
- The funding round brings Nuro's total funding to $2.2 billion and its valuation to $6 billion.
- Nuro is shifting its focus from delivery robots to licensing its self-driving technology to automotive OEMs, commercial delivery fleets, and ride-hail companies.
- The company's investors include T. Rowe Price Associates, Fidelity Management & Research Company, Tiger Global Management, Greylock Partners, and XN LP.
Read Full Article
17 Likes
Global Fintech Series
1w
127
Image Credit: Global Fintech Series
Quantlake and BehaviorQuant Announce Strategic Partnership to Transform Investment Decision-Making
- Quantlake and BehaviorQuant have announced a strategic partnership to transform investment decision-making.
- The collaboration integrates BehaviorQuant's advisory analytics into the Quantlake platform, offering a personalized investment experience based on each investor's risk profile.
- The partnership aims to bridge the gap between traditional investment research and investor expectations by considering behavioral factors in investment decisions.
- Investors gain access to scientifically-validated risk assessment tools and personalized portfolio selection, leading to increased long-term investment success.
Read Full Article
7 Likes
Futurefundraisingnow
1w
260
How self-centered brands make nonprofit websites weak
- Nonprofit websites often reveal a message of self-centeredness instead of focusing on the donor.
- The large 'hero' image on the homepage should tell a story that includes the donor, emphasizing their ability to make a difference.
- Headlines should focus on the donor's power to bring about change, rather than just showcasing the organization's accomplishments.
- The 'About Us' content should shift the focus from the organization to the donor, highlighting the impact they can make through giving.
- Donate buttons on the website should be easily accessible, prominent, and clearly state the purpose, making it easy for donors to contribute.
Read Full Article
15 Likes
Bloomberg Quint
1w
166
Image Credit: Bloomberg Quint
SEBI Clarifies On Rules For Specialized Investment Funds
- SEBI has clarified the rules for Specialized Investment Funds (SIF).
- The minimum investment required from investors in all SIF strategies is Rs 10 lakh at the PAN level.
- This rule does not apply to mandatory investments made by asset management companies for designated employees.
- The new provisions are effective immediately.
Read Full Article
10 Likes
Bloomberg Quint
1w
383
Image Credit: Bloomberg Quint
Hotels Q4 Results Preview: RevPAR Growth Sustainability Key, Says Dolat Capital; Lemon Tree Among Top Picks
- Dolat Capital expects the hospitality industry to achieve its 12th consecutive quarter of low-to mid double-digit RevPAR growth.
- Listed players in the industry have historically performed well due to superior brand positioning, pricing power, S&M engine, and execution skillset.
- As smaller/unorganized/unlisted/presented players catch up, Dolat Capital predicts listed companies' performance to be at par/lag the industry average.
- Mahindra Holidays and Lemon Tree are identified as well-positioned in the hospitality space, offering risk-reward over the medium term, with Lemon Tree among the top picks.
Read Full Article
23 Likes
Bloomberg Quint
1w
260
Image Credit: Bloomberg Quint
Ola Electric Tells Maharashtra It’s Applying For Trade Certificates Now
- Ola Electric Mobility Ltd. is applying for trade certificates for all its stores in Maharashtra.
- The EV maker is committed to being fully compliant with the law and is in the process of obtaining relevant licenses and approvals.
- The company's response comes after Maharashtra Transport Minister, Pratap Sarnaik, warned of penal action against Ola Electric for operating multiple stores on a single trade certificate.
- Ola Electric currently operates 488 sales-and-service centers in Maharashtra and has faced raids over lack of necessary paperwork.
Read Full Article
15 Likes
For uninterrupted reading, download the app