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ISMA lowers sugar production estimate to 26.4 million tonnes

AIMPWAMarch 12, 2025

The Indian Sugar and Bio-Energy Manufacturers Association (ISMA) has lowered sugar production estimate to 26.4 million tonnes (mt) mainly because of reduced sugarcane yield in Maharashtra and Karnataka, which has brought down cane availability. It has also reduced the diversion of sugar towards ethanol to 3.5 mt. ISMA, the industry body of private sugar mills,...

Aroma Agrotech to diversify into food manufacturing, textiles, renewable energy

AIMPWAMarch 12, 2025

Haryana-based Aroma Agrotech, which sells basmati rice under the AAT Aroma brand, plans to diversify into food manufacturing, including wheat flour, textiles and renewable energy, said the company’s Director Mayank Garg. “We will begin expanding our activities in the coming fiscal year. We will start foraying into food processing, renewable energy and textiles,” he said...

Zydus gains FDA approval for urinary tract infection medication

AIMPWAMarch 12, 2025

Zydus Lifesciences Limited announced today it has received final approval from the US Food and Drug Administration (USFDA) to manufacture Methenamine Hippurate Tablets USP, 1 gram. The medication, which is the generic equivalent of Hiprex Tablets, is used for the prophylactic or suppressive treatment of frequently recurring urinary tract infections. The shares of Zydus Lifesciences...

JTL Industries announces incorporation of engineering subsidiary

AIMPWAMarch 12, 2025

JTL Industries Limited announced today the incorporation of JTL Engineering Limited as a subsidiary, converting its partnership firm Nabha Steels & Metals into a public limited company. The strategic move aims to enhance operational efficiency and financial transparency. The shares of JTL Industries Limited were trading today at ₹75.59 up by ₹0.74 or 0.99 per...

Flat opening seen for Nifty, Sensex despite deep fall in US stocks

AIMPWAMarch 12, 2025

The market is likely to see a positive opening on Wednesday despite an adverse closing in the US. Asian stocks are in the positive zone in early deals, while Gift Nifty at 22,550 signals a flattish opening. Analysts expect the market to remain in a narrow range and limited downside as most of the selling...

Stock Market Live Updates 12 March 2025: Stock to buy today: Aether Industries (₹932.50) – BUY

AIMPWAMarch 12, 2025

Sensex, Nifty, Share Prices LIVE: The short-term outlook is bullish for Aether Industries. The stock has been moving up very well over the last couple of weeks. The share price has surged over 25 per cent in the past two weeks. The stock has been sustaining well above ₹885 recently. That indicates the presence of...

Governance concerns over AIFs ‘resolved’: SEBI WTM

AIMPWAMarch 11, 2025

The issue of alternative investment funds (AIFs) circumventing several regulations has been “resolved” after a year-long dialogue with the industry, said SEBI whole-time member Ananth Narayan G. Speaking at an event organised by CII on Tuesday, the official said that the regulator found egregious cases of AIFs being structured to circumvent NPA recognition, FEMA, Sarfaesi...

Derivatives accounting hit: IndusInd Bank’s stock loses about a quarter of its value in a single day

AIMPWAMarch 11, 2025

The estimated hit of about ₹1,500 crore to the balance sheet due to discrepancies in the accounting of derivatives portfolio, shorter tenure approved by the regulator to the CEO, and concerns on asset quality of the microfinance portfolio saw IndusInd Bank’s (IIB) stock take a beating on Tuesday. The bank’s stock lost more than a...

Broker’s call: Anupam Rasayan (Add)

AIMPWAMarch 11, 2025

Target: ₹800 CMP: ₹788.30 We visited Anupam Rasayan’s plants based in Jhagadia and Surat, Gujarat, and also met Deputy CFO Vishal Thakkar. The plant at Jhagadia has units 4 & 5 and that in Surat has units 1, 2, 3, and 6. Most of the company’s plants are multi-purpose in nature with respect to reaction...

Godrej Agrovet to acquire remaining stake in Creamline Dairy

AIMPWAMarch 11, 2025

Godrej Agrovet Limited announced today that it will acquire the remaining 48.06 per cent equity stake in Creamline Dairy Products Limited (CDPL) for ₹930 crore, making CDPL its wholly-owned subsidiary. The company’s board approved the acquisition during a meeting held on March 11, 2025. The shares of Godrej Agrovet Limited closed today at ₹739, down...

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Here are the 24 US AI startups that have raised $100M or more in 2025

AIMPWAJune 18, 2025

Last year was monumental for the AI industry in the U.S. and beyond. There were 49 startups that raised funding rounds worth $100 million or more in 2024, per our count at TechCrunch; three companies raised more than one “megaround,” and seven companies raised rounds $1 billion in size or larger. How will 2025 compare?...

Midjourney launches its first AI video generation model, V1

AIMPWAJune 18, 2025

Midjourney, one of the most popular AI image generation startups, announced on Wednesday the launch of its much-anticipated AI video generation model, V1. V1 is an image-to-video model, in which users can upload an image — or take an image generated by one of Midjourney’s other models — and V1 will produce a set of...

6-month-old, solo-owned vibe coder Base44 sells to Wix for $80M cash

AIMPWAJune 18, 2025

There’s a lot of talk in the startup world about how AI makes individuals so productive that it could give rise to a generation of “solo unicorns” — one-person companies worth over $1 billion. While an actual solo unicorn remains a mythical creature, Israeli developer Maor Shlomo provided compelling evidence Wednesday that the concept might...

Six-month-old, solo-owned vibe coder Base44 sells to Wix for $80M cash

AIMPWAJune 18, 2025

There’s a lot of talk in the startup world about how AI makes individuals so productive that it could give rise to a generation of “solo unicorns” – one-person companies worth over $1 billion. While an actual solo unicorn remains a mythical creature, Israeli developer Maor Shlomo provided compelling evidence Wednesday that the concept might...

Multiplier, founded by ex-Stripe exec, nabs $27.5M to fuel AI-powered accounting roll-ups

AIMPWAJune 18, 2025

In late 2022, Noah Pepper, a former Stripe business lead for the Asia Pacific region, founded Multiplier, a startup that aimed to sell software to tax accounts. But soon after ChatGPT was released, he realized that AI can change how professional service firms use technology. “I realized I was barking up the wrong tree by...

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Latest Posts

ISMA lowers sugar production estimate to 26.4 million tonnes

Aroma Agrotech to diversify into food manufacturing, textiles, renewable energy

Zydus gains FDA approval for urinary tract infection medication

JTL Industries announces incorporation of engineering subsidiary

Flat opening seen for Nifty, Sensex despite deep fall in US stocks

Stock Market Live Updates 12 March 2025: Stock to buy today: Aether Industries (₹932.50) – BUY

Governance concerns over AIFs ‘resolved’: SEBI WTM

Derivatives accounting hit: IndusInd Bank’s stock loses about a quarter of its value in a single day

Broker’s call: Anupam Rasayan (Add)

Godrej Agrovet to acquire remaining stake in Creamline Dairy

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Here are the 24 US AI startups that have raised $100M or more in 2025

Midjourney launches its first AI video generation model, V1

6-month-old, solo-owned vibe coder Base44 sells to Wix for $80M cash

Six-month-old, solo-owned vibe coder Base44 sells to Wix for $80M cash

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Here are the 24 US AI startups that have raised $100M or more in 2025

Midjourney launches its first AI video generation model, V1

6-month-old, solo-owned vibe coder Base44 sells to Wix for $80M cash

Six-month-old, solo-owned vibe coder Base44 sells to Wix for $80M cash

Multiplier, founded by ex-Stripe exec, nabs $27.5M to fuel AI-powered accounting roll-ups

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Here are the 24 US AI startups that have raised $100M or more in 2025

Midjourney launches its first AI video generation model, V1

6-month-old, solo-owned vibe coder Base44 sells to Wix for $80M cash

Six-month-old, solo-owned vibe coder Base44 sells to Wix for $80M cash

Multiplier, founded by ex-Stripe exec, nabs $27.5M to fuel AI-powered accounting roll-ups

Multiplier, founded by ex-Stripe exec, nabs $27.5M to fuel AI-powered accounting roll-up