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FINANCE

RBI shuffles portfolios of dy guvs; Poonam Gupta gets monetary policy department charge

AIMPWAMay 2, 2025

Deputy Governor of RBI Poonam Gupta | Photo Credit: cueapi The Reserve Bank of India on Friday rejigged portfolios of its deputy governors, with Poonam Gupta, who assumed charge recently, being given the key monetary policy department charge. The RBI has four deputy governors. The central bank shuffled the portfolios consequent on the appointment and...

Exxon beats profit estimate as Pioneer acquisition fuels 20% production boost

AIMPWAMay 2, 2025

Oil major’s stock rises as its books volume growth in the Permian and Guyana and benefits from cost-saving efforts. Source link

India Sees Sharp Decline in Foreign Manufacturing Entrants in FY25

AIMPWAMay 2, 2025

New Delhi, May 2 (KNN) Despite ambitious government initiatives like ‘Make in India’ and the Production-Linked Incentive (PLI) scheme, India witnessed a significant drop in foreign manufacturing investments during the fiscal year 2024-25. According to the Ministry of Corporate Affairs, only three foreign manufacturing companies established operations in the country during this period, all within...

India’s Semiconductor Push Faces Hurdles with Adani and Zoho Exits

AIMPWAMay 2, 2025

Bengaluru, May 2 (KNN) India’s push to establish a domestic semiconductor industry has suffered a setback, as Adani Group and Zoho Corp are reportedly backing out of their planned chipmaking ventures. Zoho founder Sridhar Vembu confirmed the move on social media, citing doubts about the chosen technology path and a reluctance to proceed without firm...

Cognizant To Hire 20,000 Fresh Graduates In 2025 To Boost AI-Driven Productivity

AIMPWAMay 2, 2025

New Delhi, May 2 (KNN) Cognizant Technology Solutions, a US-based IT services firm with significant operations in India, has announced plans to recruit 20,000 fresh graduates in 2025. According to its latest financial report, Cognizant’s overall workforce remained stable at 336,300 employees compared to the previous quarter. However, the company’s leadership has emphasised the critical...

Q4FY25 results preview: SBI may report a decline in quarter standalone net profit, per analyst estimates

AIMPWAMay 2, 2025

State Bank of India (SBI) is likely to report a decline in fourth quarter standalone net profit as total income is expected to de-grow even as operating expenses are seen rising. While margin may come under slight pressure, asset quality is seen holding steady, according to analysts. India’s largest bank is expected to log an...

Trump’s tariffs are America’s Brexit, says this strategist. These are the trades to make.

AIMPWAMay 2, 2025

A waning AI bubble is another reason to favor European equity benchmarks over the U.S., says BCA strategist Dhaval Joshi. Source link

Commerce Ministry To Launch Export Promotion Mission With 12 New Schemes

AIMPWAMay 2, 2025

New Delhi, May 2 (KNN) The Commerce Ministry’s Export Promotion Mission (EPM) is set to launch with up to 12 distinct components designed to enhance India’s export capabilities, according to an industry official. The initiative, which was presented to export promotion councils and stakeholders on April 30 by the Directorate General of Foreign Trade (DGFT),...

Coal India’s April 2025 Offtake Falls 1.2%, FY25 Production Target Missed

AIMPWAMay 2, 2025

New Delhi, May 2 (KNN) Coal India Ltd (CIL), the state-owned mining corporation, reported a 1.2 percent decline in coal offtake for April 2025, according to a regulatory filing released on Friday. The company’s offtake fell to 63.4 million tonnes (MT) compared to 64.2 MT during the same month in the previous fiscal year. Coal...

April Purchasing Power Index Captures Indian Manufacturing Sector Struggling For Growth

AIMPWAMay 2, 2025

New Delhi, May 2 (KNN) India’s manufacturing sector displayed enhanced performance in April, with the Purchasing Managers’ Index (PMI) climbing to 58.2, slightly above March’s 58.1, amid a surge in new export orders following the United States’ recent tariff decisions. According to S&P Global, the headline figure was propelled by accelerated increases in stocks of...

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Nvidia’s AI empire: A look at its top startup investments

AIMPWAJune 19, 2025

No company has capitalized on the AI revolution more dramatically than Nvidia. Its revenue, profitability, and cash reserves have skyrocketed since the introduction of ChatGPT over two years ago — and the many competitive generative AI services that have launched since. And its stock price soared. During that period, the world’s leading high-performance GPU maker...

Stripe’s former growth lead helps African diaspora invest in startups, real estate

AIMPWAJune 19, 2025

When Joe Kinvi joined Touchtech Payments in 2017 as head of finance, the Irish startup couldn’t afford his full salary. So he negotiated for stock to make up the difference. Eighteen months later, Stripe acquired the company, and that equity converted into Stripe shares, enough to let Kinvi leave his job, bootstrap a side project,...

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...

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Latest Posts

RBI shuffles portfolios of dy guvs; Poonam Gupta gets monetary policy department charge

Exxon beats profit estimate as Pioneer acquisition fuels 20% production boost

India Sees Sharp Decline in Foreign Manufacturing Entrants in FY25

India’s Semiconductor Push Faces Hurdles with Adani and Zoho Exits

Cognizant To Hire 20,000 Fresh Graduates In 2025 To Boost AI-Driven Productivity

Q4FY25 results preview: SBI may report a decline in quarter standalone net profit, per analyst estimates

Trump’s tariffs are America’s Brexit, says this strategist. These are the trades to make.

Commerce Ministry To Launch Export Promotion Mission With 12 New Schemes

Coal India’s April 2025 Offtake Falls 1.2%, FY25 Production Target Missed

April Purchasing Power Index Captures Indian Manufacturing Sector Struggling For Growth

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Nvidia’s AI empire: A look at its top startup investments

Stripe’s former growth lead helps African diaspora invest in startups, real estate

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

Midjourney launches its first AI video generation model, V1

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Nvidia’s AI empire: A look at its top startup investments

Stripe’s former growth lead helps African diaspora invest in startups, real estate

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

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Nvidia’s AI empire: A look at its top startup investments

Stripe’s former growth lead helps African diaspora invest in startups, real estate

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