BUSINESS – Page 9 – msmenews.sbs

Indian gem, jewellery exports dim as geopolitics spark uncertainty

AIMPWAMay 13, 2025

The Gem and Jewellery Export Promotion Council (GJEPC) said exports declined five per cent last month to $2.04 billion compared with $2.13 billion in the same period a year ago, due to escalating geopolitical tensions and the recently introduced Trump-era tariffs. On the other hand, the overall imports of gems and jewellery declined to $1.57...

BUSINESS

SEBI working on FPI cash-out delays case by case

AIMPWAMay 13, 2025

“Our SEBI FPI outreach cell is committed to addressing individual issues on a case-by-case basis,” the official said SEBI is working on resolving fund repatriation delays for foreign portfolio investors (FPIs) on a case-by-case basis, as lingering issues in the T+1 settlement cycle threaten to derail its move towards same-day T+0 settlement, according to sources...

Rupee gains 3 paise to settle at 85.33 against US dollar

AIMPWAMay 13, 2025

The rupee pared most of its initial gains to settle 3 paise higher at 85.33 (provisional) against the American currency on Tuesday, due to rising appetite for riskier assets amid easing trade tariff tensions. However, rising crude oil prices, a strong US dollar and the emergence of profit booking in domestic equities restricted the rise...

Market meltdown: Sensex drops 1281 points; IT stocks lead decline amid profit-taking

AIMPWAMay 13, 2025

Equity benchmarks tumbled on Tuesday as investors booked profits following Monday’s sharp rally, with IT stocks leading the decline. The BSE Sensex plunged 1,281.68 points or 1.55 per cent to close at 81,148.22, while the Nifty 50 fell 346.35 points or 1.39 per cent to end at 24,578.35. The selloff came despite easing geopolitical tensions...

NSE/BSE, Top Gainers & Top Losers Today 13 May 2025: Sun Pharma, Adani Ports, TCS, Infosys among movers

AIMPWAMay 13, 2025

Share prices of Sun Pharmaceutical Industries Ltd., Adani Ports and Special Economic Zone Ltd, Bajaj Finance Ltd., State Bank of India, and Tech Mahindra Ltd. emerged as the top gainers on Tuesday. Among the laggards were shares of Tata Consultancy Services Ltd. (TCS), HCL Technologies Ltd., Eternal Energy Ltd., Power Grid Corporation of India Ltd.,...

Indian IT Sector Faces Earnings Pressure from Stronger Rupee

AIMPWAMay 13, 2025

New Delhi, May 13 (KNN) The sharp depreciation of the US dollar over the past three months has become a growing concern for Indian IT companies, particularly those with a high concentration of USD-denominated revenues. The USD has depreciated approximately 4 per cent against the Indian Rupee (INR), with even sharper declines against the Euro...

Broker’s Call: Fine Organic Industries (Buy)

AIMPWAMay 13, 2025

Target: ₹5,200 CMP: ₹4,308.50 Fine Organic’s (Fine Org) Q4FY25 performance was in-line with street estimates. It is operating at optimal utilisations with limited volume growth headroom till new capex comes onstream; except the Patalganga facility, which will be absorbed by H1FY27 and minor contribution from the Badlapur facility, which resumed operations recently (shut since January...

Broker’s Call: Britannia Industries (Outperform)

AIMPWAMay 13, 2025

Target:₹6,000 CMP: ₹5,492.05 Britannia Industries reported better-than-expected growth and margins in Q4FY25. The outlook for FY26 is also positive with price hikes already in place and moderation in palm oil and sugar prices, which account for 50 per cent of raw material costs. In Q4, the company saw 5.5 per cent pricing contribution vs no...

UPL shares decline 5% despite strong Q4 numbers

AIMPWAMay 13, 2025

Shares of UPL Ltd tumbled 5 per cent as brokerages remain divided on the stock despite 21x surge in Q4 profit. The company on Monday reported a profit of ₹896 crore for the quarter ended March 2025, as against ₹40 crore in the corresponding quarter of the previous year, on higher revenues. Global brokerage Jefferies...

BUSINESS

Gold Rate Today May 13, 2025: Check latest Gold prices in Mumbai, Ahmedabad, Chennai Delhi, Bengaluru, Hyderabad, Kolkata & Other Cities

AIMPWAMay 13, 2025

Gold rates drop by around ₹ 120 in India | Photo Credit: FRANCIS MASCARENHAS Gold prices in India saw decrease today across all cities. The price for 8 grams of 24-carat gold also dropped in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities. Gold rates in India:...

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Lina Khan points to Figma IPO as vindication of M&A scrutiny

AIMPWAAugust 2, 2025

A surprising figure is celebrating Figma’s successful IPO: Lina Khan, former chair of the Federal Trade Commission. In a Friday afternoon post on X, Khan linked to an article about Figma’s impressive first day of trading and argued the IPO is “a great reminder that letting startups grow into independently successful businesses, rather than be...

Anthropic cuts off OpenAI’s access to its Claude models

AIMPWAAugust 2, 2025

Anthropic has revoked OpenAI’s access to its Claude family of AI models, according to a report in Wired. Sources told Wired that OpenAI was connecting Claude to internal tools that allowed the company to compare Claude’s performance to its own models in categories like coding, writing, and safety. TechCrunch has reached out to Anthropic and...

STARTUPs

Ethan Thornton of Mach Industries takes the AI stage at Disrupt 2025

AIMPWAAugust 1, 2025

Autonomous weapons, decentralized strategy, and startup speed — this isn’t the future of defense, it’s the now. At TechCrunch Disrupt 2025, Ethan Thornton, CEO and founder of Mach Industries, steps onto the AI Stage to talk about how next-gen defense is being built from the ground up with AI at its core. Inside the AI...

From Meta’s massive offers to Anthropic’s massive valuation, does AI have a ceiling?

AIMPWAAugust 1, 2025

Meta is still going all-in on the AI talent war, with Mark Zuckerberg reportedly reaching out to top recruits himself, throwing around jaw-dropping compensation packages that top $1 billion over multiple years. And Meta’s latest target? Mira Murati’s new startup, Thinking Machines Lab. It’s a bold play in an already overheated market. While Zuck eyes...

Google bets on STAN, an Indian social gaming platform

AIMPWAAugust 1, 2025

Google has backed STAN, an Indian social gaming platform that connects gamers with creators, communities, and publishers. Google’s investment comes as part of an $8.5 million equity funding round, which also saw investment from Japanese gaming giants Bandai Namco Entertainment, Square Enix, and Reazon Holdings. Aptos Labs and King River Capital, as well as existing...

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Indian gem, jewellery exports dim as geopolitics spark uncertainty

SEBI working on FPI cash-out delays case by case

Rupee gains 3 paise to settle at 85.33 against US dollar

Market meltdown: Sensex drops 1281 points; IT stocks lead decline amid profit-taking

NSE/BSE, Top Gainers & Top Losers Today 13 May 2025: Sun Pharma, Adani Ports, TCS, Infosys among movers

Indian IT Sector Faces Earnings Pressure from Stronger Rupee

Broker’s Call: Fine Organic Industries (Buy)

Broker’s Call: Britannia Industries (Outperform)

UPL shares decline 5% despite strong Q4 numbers

Gold Rate Today May 13, 2025: Check latest Gold prices in Mumbai, Ahmedabad, Chennai Delhi, Bengaluru, Hyderabad, Kolkata & Other Cities

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Lina Khan points to Figma IPO as vindication of M&A scrutiny

Anthropic cuts off OpenAI’s access to its Claude models

Ethan Thornton of Mach Industries takes the AI stage at Disrupt 2025

From Meta’s massive offers to Anthropic’s massive valuation, does AI have a ceiling?

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Lina Khan points to Figma IPO as vindication of M&A scrutiny

Anthropic cuts off OpenAI’s access to its Claude models

Ethan Thornton of Mach Industries takes the AI stage at Disrupt 2025

From Meta’s massive offers to Anthropic’s massive valuation, does AI have a ceiling?

Google bets on STAN, an Indian social gaming platform

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Lina Khan points to Figma IPO as vindication of M&A scrutiny

Anthropic cuts off OpenAI’s access to its Claude models

Ethan Thornton of Mach Industries takes the AI stage at Disrupt 2025

From Meta’s massive offers to Anthropic’s massive valuation, does AI have a ceiling?

Google bets on STAN, an Indian social gaming platform

Inside the Series A mindset at Disrupt 2025