Gaming and interactive media venture capital firm Lumikai has $58 million in AUMs from 15 portfolio companies, general partner Salone Sehgal told ET. These portfolio companies have raised over $120 million collectively.
The shares of Bharti Hexacom will debut on the exchanges on Friday. Based on the GMP trends, the stock is expected to see a healthy listing of around 12-15%.
Foreign portfolio investors turn net buyers at Rs 2,778 crore on Wednesday after two days of selling. DIIs, meanwhile, bought shares worth Rs 163 crore.
Tata Neu, the superapp of Tata Group, also plans to reach more cities in May, sources told ET. ONDC already features two Tata enterprises on the seller side: StarQuick grocery app, and online grocer BigBasket.
Zypp Electric seeks $40M funding from Tribe Capital for expansion and tech development. Revenue tripled in FY24. Launching $250M India fund with Shiprocket's Vishesh Khurana. Raj Snehil Juneja also joins the team.
Quick-commerce platforms like Zepto, Swiggy Instamart and Blinkit are seeing rapid growth in the sale of non-grocery items as they continue to diversify their offerings and enter ecommerce turf.
This fund will be used to repay the debt of Alchemist ARC. In the past, the company had faced various liquidity issues that resulted in defaults of its bank loans and subsequently debt was assigned in favour of an ARC.
As valuations in the mid-cap and small-cap spaces are rich, with short odds on a retreat in the coming months, investors would be better off buying into long-duration debt on expectations of a start to the rate easing cycle, now expected toward the latter half of FY25.
The technology giant's shares have fallen 13% this year, badly trailing the broader market. The company is grappling with weak sales in China and a Justice Department suit accusing Apple of violating antitrust laws, taking aim at its lucrative services business. Shares edged higher on Thursday.
Using this week's cloud event to show that its AI model is enterprise-ready despite recent stumbles in its consumer-facing tools, focus is now turning to this month's earnings and a developer's conference in May.
Kotak's comments came after data released in the US on Wednesday showed that inflation there rose more than expected in March. Year-on-year inflation increased 3.5%, the highest increase in six months, and higher than a 3.2% rise reported in February. "US inflation is higher than expected. Postpones US rate cuts to later, closer to US Presidential elections, if at all. Brent oil now $90. Will keep rates higher for longer worldwide including India," Kotak said on X.
Foreign portfolio investors (FPI) sold shares worth ₹12,514 crore across 11 sectors in the March 16-31 period. Apart from FMCG, automobiles, financial services and consumer durables sectors saw heavy selling by foreign investors. The automobiles sector witnessed profit booking worth ₹2,085 crore between March 16 and 31, after inflows worth ₹3,697 crore in the first-half of the month.
Gopichand Thotakura, a co-founder of Preserve Life, will be part of Blue Origin's crew for the NS-25 suborbital mission, aiming to become India's second citizen in space after Rakesh Sharma, with a launch expected in the next few weeks.
India is reviewing its trade pact with Asean to address anomalies like the inverted duty structure disadvantaging local manufacturers. Measures such as production-linked incentive schemes, import tariffs, and import monitoring are in place to tackle the trade deficit.
Larsen & Toubro surged to a new high in April 2024, with technical analysis suggesting a potential uptrend continuation. Traders can consider buying opportunities aiming for 4,000, supported by a Cup and Handle pattern.
Stardew Valley Update 1.6.4 is coming soon, following the success of Update 1.6, which launched on March 19 with a new Mastery system, crops, and events. Update 1.6.4 will address bugs and introduce new features, including improvements to Fishing and Mining.
The Sims 4 is getting a party upgrade with the upcoming Party Essentials & Urban Homage Kits. The Party Essentials Kit offers new items for lively parties, while the Urban Homage Kit brings 90s and Noughties fashion to your Sims' wardrobes. Both Kits are set to release on April 18 for $4.99 each.