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Eu-Startups
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NexGen Cloud secures €41 million to expand sovereign AI infrastructure in Europe
- London-based NexGen Cloud has raised €41 million in a Series A funding round to expand its sovereign AI infrastructure in Europe.
- The funding will support the company's mission to provide hyperscale-like capacity globally, with a focus on delivering sovereign capabilities in Europe.
- NexGen Cloud offers enterprise AI cloud solutions, including private clouds for large-scale sovereign AI environments and on-demand GPU access.
- The investment will be used to scale NexGen Cloud's infrastructure and expand its full stack cloud capabilities to support production-ready AI applications.
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Bloomberg Quint
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Q4 Results 2025: When Will HDFC Bank, ICICI Bank, IDFC First Bank And Yes Bank Announce Earnings?
- HDFC Bank will declare its Q4 FY25 results on April 19.
- ICICI Bank's Q4 FY25 results will be announced on April 19.
- IDFC First Bank will announce Q4 FY25 results on April 26.
- Yes Bank will announce Q4 FY25 results on April 19.
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Bloomberg Quint
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21
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Info Edge Share Price Rises After Q4 Billings Jump
- Info Edge's standalone billings increased by 19% year-on-year to Rs 984 crore.
- In the third quarter, Info Edge reported a net profit of Rs 243 crore, marking a 60.6% increase from the same period last year.
- Earnings before interest, taxes, depreciation, and amortization rose by 34% to Rs 272 crore in the third quarter.
- Info Edge's share price rose by 5.26% to Rs 6,710 apiece.
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Bloomberg Quint
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300
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Centre Clarifies Rules On Issue Of Bonus shares To Existing Foreign Investors
- The government clarified that Indian companies operating in sectors where FDI is prohibited can issue bonus shares to existing foreign shareholders.
- The issuance of bonus shares must comply with all applicable laws and regulations.
- The clarification confirms that companies in prohibited sectors can allot bonus shares to non-resident shareholders without breaching FDI restrictions, as long as no new foreign investment is introduced.
- FDI is allowed through the automatic route in most sectors, while some sensitive sectors require government approval for foreign investors.
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Bloomberg Quint
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Trump Tariffs To Hurt India GDP By Only 25-30 Bps, Says Keki Mistry | Profit Exclusive
- India's gross domestic product may see a net impact of around 25-30 basis points, due to the reciprocal tariffs announced by the United State of America.
- Keki Mistry, former VC & CEO of Housing Development Finance Corporation Ltd., stated that on a relative basis, India is doing much better than other neighboring economies which compete on exports.
- The tariffs themselves might result in a 40 basis points hit to India's GDP.
- Keki Mistry is presently on the board of HDFC Bank.
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Bloomberg Quint
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12
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Hotels, Aviation, Food Delivery Are Samir Arora's Top Sectoral Picks Amid US Tariffs — Here's Why
- Hotel and hospitality, aviation, and food delivery sectors are preferred by Helios Capital amid uncertainty over US tariffs.
- These sectors fall into the consumer discretionary category and are expected to benefit from tax cuts and favorable monetary conditions.
- Food delivery companies are outperforming benchmarks and are not affected by US tariffs. Zomato Ltd. is Helios Capital's top pick in the space.
- Investors are advised to monitor the ongoing tariff war to identify the real beneficiaries, but India is expected to relatively benefit due to its limited exposure to international trade.
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Eu-Startups
2w
154
Eyes Like a Hawk: AML startup Hawk raises €51.8 million to expose hidden financial crimes
- Munich-based AML startup Hawk raises €51.8 million in Series C funding round.
- Funding round led by One Peak, with participation from existing investors.
- Hawk provides AI-powered anti-money laundering and fraud prevention solutions.
- Investment to support product innovation and global expansion, particularly into the US.
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Bloomberg Quint
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185
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Ola Electric Issues Clarification On February 2025 Sales Data Mismatch
- Ola Electric issues clarification on February 2025 sales data mismatch.
- 90% of the orders were paid in full and were not token-amount bookings.
- Ola Electric recognizes revenue only on the completion of registration and delivery of vehicles.
- Ola Electric claimed to have sold 25,000 scooters in February, but only 8,652 were registered due to renegotiation of contracts with vendors.
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Bloomberg Quint
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India Overtakes Germany To Become 3rd-Largest Wind, Solar Power Generator: Report
- India became the world's third-largest producer of electricity from wind and solar energy in 2024, overtaking Germany.
- Wind and solar together generated 10% of India's electricity generation, and clean sources accounted for 22%.
- Globally, renewables led the growth in clean electricity, adding a record 858 TWh in 2024.
- Solar was the largest source of new electricity for the third straight year, adding 474 TWh in 2024.
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Bloomberg Quint
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354
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Heard On The Street: Delhivery Faces Sell-Off, Mphasis Sees Big HNI Buys
- Delhivery is facing sell-off pressure from a foreign emerging market investor.
- Trent Ltd. is experiencing a concern over potential inventory build-up, affecting margins in upcoming quarters.
- Mphasis Ltd. and Coforge Ltd. are seeing sustained buying interest from high net-worth investors, likely due to strong momentum in IT stocks.
- Suprajit Engineering Ltd. has entered the anti-lock braking system segment and is receiving early interest from potential customers.
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Bloomberg Quint
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Finance Minister Nirmala Sitharaman Arrives In London To Start Of Six-Day Europe Tour
- Finance Minister Nirmala Sitharaman has arrived in London as part of her six-day official tour of Europe.
- During the tour, Sitharaman will engage in discussions on topics such as the India-UK Free Trade Agreement and bilateral collaborations.
- The agenda includes an in-conversation session at the High Commission of India in London, followed by the 13th Ministerial Round of the India-UK Economic and Financial Dialogue.
- Sitharaman will also hold bilateral meetings with senior Austrian government leaders during the Austrian leg of her visit.
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Bloomberg Quint
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US Tariffs Unexpected Problem, Will Stand By Aquaculture Sector: Andhra CM Naidu
- Andhra Pradesh Chief Minister N Chandrababu Naidu has pledged to stand by the state's aquaculture sector battered by US President Donald Trump's reciprocal tariffs.
- Aquaculture is the southern state's fourth largest sector, contributing nearly 9% of the gross value added in 2024-25 at more than Rs 1.3 lakh crore.
- For 2025-26, the chief minister has set a GVA sub-sector contribution target of 9% at more than Rs 1.54 lakh crore for aquaculture.
- Naidu said he would speak to the Centre regarding free trade agreements with South Korea and the European Union to help shrimp exporters.
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Bloomberg Quint
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MMRDA Signs Rs 4.1 Lakh Crore Infrastructure MoUs With HUDCO, REC, Others
- Mumbai Metropolitan Region Development Authority (MMRDA) signed memoranda of understanding worth Rs 4.1 lakh crore with Housing & Urban Development Corp., REC Ltd., Indian Railways Finance Corp., and National Bank for Financing Infrastructure and Development.
- HUDCO will provide up to Rs 1.5 lakh crore over five years for infrastructure development in the Mumbai Metropolitan Region.
- REC and Power Finance Corp. have each committed Rs 1 lakh crore to MMRDA projects.
- IRFC signed an MoU worth Rs 50,000 crore, while NaBFID committed Rs 7,000 crore.
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Bloomberg Quint
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India’s Auto Exports To US Safe From Tariffs But Component Trade Faces Headwinds: VECV CEO
- India's auto exports to the US are expected to remain safe from tariffs, according to Vinod Aggarwal, CEO of Volvo Eicher Commercial Vehicles.
- The recent 25% tariffs imposed by US President Trump are unlikely to significantly affect India's automobile sector, but there may be challenges in the component trade.
- VECV, a joint venture between Volvo Group and Eicher Motors, has been operational since 2008, focusing on trucks and buses.
- India's overall impact might be cushioned as these tariffs are not only targeted at India but also affect imports from other countries like China, Canada, and Mexico.
- Aggarwal anticipates some impact on India's economy but believes it will not be significant due to strong domestic consumption.
- In fiscal 2026, Aggarwal is confident in the continued strength of the bus segment, citing growth in state transport undertakings and demand from schools and staffing sectors.
- He highlights a marginal growth in the commercial vehicle industry in FY25, with a drop in sales of heavy-duty trucks but a rise in demand for higher tonnage trucks.
- Despite a decrease in unit numbers, the actual freight movement may be higher, attributed to migration towards higher tonnage trucks.
- Aggarwal foresees growth in the bus segment driven by demand from schools, staffing, and state transport undertakings, indicating a positive outlook for fiscal 2026.
- Demand from various segments like schools, staffing, and intercity travel is expected to keep the bus segment strong according to Aggarwal.
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Pymnts
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Banks and FinTechs Navigate Market Mayhem Amid Escalating Tariff Fears
- The banking and FinTech sectors are navigating the market turmoil caused by escalating tariff fears.
- FinTech stocks, particularly in the buy-now-pay-later (BNPL) space, faced significant challenges but rallied on Monday.
- Analysts are cautious about the growth prospects of the FinTech sector due to economic uncertainty and regulatory pressures.
- Banking stocks have been hit hard, reflecting concerns about the economic impact of tariffs and potential recession risks.
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