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Ambuja Cements crosses 100 MTPA capacity, reports 9% rise in annual profit

AIMPWAApril 29, 2025

Ambuja Cements, part of the Adani Portfolio, has crossed the 100 million tonnes per annum (MTPA) capacity milestone, making it the ninth largest cement company globally. The company reported its highest-ever annual profit after tax (PAT) of ₹5,158 crore, up 9 per cent year-on-year, according to results released on April 29, 2025. The shares of...

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SEA projects sharp decline in castorseed production due to weather factors

AIMPWAApril 29, 2025

Castorseeds | Photo Credit: alexander ruiz The Solvent Extractors’ Association of India (SEA) has forecast a drastic reduction in castorseed production for 2024-25. The second estimate of castorseed production for the 2024-25 season, which was conducted by Indian Agribusiness Systems Ltd (AgriWatch), has assessed the castorseed production at 15.6 lakh tonnes (lt) in major producing...

Rupee falls 2 paise to close at 85.25 against US dollar

AIMPWAApril 29, 2025

The rupee consolidated in a narrow range and settled for the day 2 paise lower at 85.25 (provisional) against the US dollar on Tuesday, on recovery in the US dollar and geopolitical tensions between India and Pakistan. However, positive domestic markets and a decline in crude oil prices cushioned the downside for the domestic unit....

Market edges up amid mixed sector performance; defence stocks rally 5%

AIMPWAApril 29, 2025

Benchmark indices ended Tuesday’s session with marginal gains as markets traded in a narrow range amid mixed global cues. The Sensex closed 70.01 points higher (0.09 per cent) at 80,288.38, while the Nifty 50 inched up 7.45 points (0.03 per cent) to 24,335.95, giving up most of their early morning advances. The defence sector...

India’s plastic exports touch $12.5 billion in 2024-25, up 8.7% yoy

AIMPWAApril 29, 2025

Total plastic exports from India touched $12.5 billion in 2024-25 against $11.5 billion in 2023–24, recording a growth of 8.70 per cent. A media statement by the Plastics Export Promotion Council (PLEXCONCIL) said the growth in India’s plastics exports was driven by strong performances across several key product categories. Plastic films and sheets saw a...

Broker’s call: Mahindra & Mahindra (Add)

AIMPWAApril 29, 2025

Target: ₹2,700 CMP: ₹2,903.15 We attended Mahindra & Mahindra’s analyst meet, held pursuant to the SML Isuzu acquisition. M&M has acquired about 59 per cent stake in SML Isuzu from existing promoters Sumitomo Corporation and Isuzu Motors for a cash consideration of ₹550 crore, with a further open offer for 26 per cent stake. Through...

Broker’s call: IEX (Neutral)

AIMPWAApril 29, 2025

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Trent Q4 net profit falls 46%, company announces ₹5 dividend

AIMPWAApril 29, 2025

Tata Group-owned retailer Trent Limited reported a 46 per cent year-on-year decline in net profit to ₹350 crore for the fourth quarter ended March 31, 2025, down from ₹654.28 crore in the same period last year. The company announced these results on Tuesday, just before market close. Revenue from operations rose 29 per cent to...

RBI To Infuse Rs 1.25 Tn Via Bond Purchases In May To Ease Liquidity

AIMPWAApril 29, 2025

New Delhi, Apr 29 (KNN) The Reserve Bank of India announced on Monday plans to purchase government bonds worth 1.25 trillion rupees through open market operations across four tranches in May, continuing its efforts to enhance liquidity in the banking system. The central bank will conduct the first tranche of 50,000 crore rupees on May...

RBI Mandates All Bank, FI Licences and Approvals Through Online Portal PRAVAAH From 1st May

AIMPWAApril 29, 2025

New Delhi, Apr 29 (KNN) The Reserve Bank of India (RBI) has issued a directive requiring all banks, financial companies, and other regulated entities to exclusively use the PRAVAAH portal for submitting applications for authorisations, licenses, and approvals effective May 1, 2025. In an official statement released on Monday, the central bank stated, “With effect...

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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

Ambuja Cements crosses 100 MTPA capacity, reports 9% rise in annual profit

SEA projects sharp decline in castorseed production due to weather factors

Rupee falls 2 paise to close at 85.25 against US dollar

Market edges up amid mixed sector performance; defence stocks rally 5%

India’s plastic exports touch $12.5 billion in 2024-25, up 8.7% yoy

Broker’s call: Mahindra & Mahindra (Add)

Broker’s call: IEX (Neutral)

Trent Q4 net profit falls 46%, company announces ₹5 dividend

RBI To Infuse Rs 1.25 Tn Via Bond Purchases In May To Ease Liquidity

RBI Mandates All Bank, FI Licences and Approvals Through Online Portal PRAVAAH From 1st May

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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