FIRST WATER CAPITAL
VCs chase auto parts makers to hitch a ride on EV journey
Smaller component makers for electric vehicles (EVs), many of which started with other businesses before pivoting to their current business mainstays, are increasingly attracting interest from venture capital firms amid a boom in EV sales. The boom in EV sales, as demonstrated in the sales of passenger EVs jumping 91% and of commercial EVs tripling year-on-year (YoY) in FY24, has meant that the demand for parts has also soared.
VCs chase auto parts makers to hitch a ride on EV journey
Smaller component makers for electric vehicles (EVs), many of which started with other businesses before pivoting to their current business mainstays, are increasingly attracting interest from venture capital firms amid a boom in EV sales. The boom in EV sales, as demonstrated in the sales of passenger EVs jumping 91% and of commercial EVs tripling year-on-year (YoY) in FY24, has meant that the demand for parts has also soared.
Delhi water crisis: Atishi inspects Chandrawal Water Treatment Plant, says water supply to be normal soon
Delhi Water Minister Atishi on Sunday instructed officials to repair the pump house at the Chandrawal Water Treatment Plant that was flooded due to heavy rains and ensure that such problems do not recur. In a post in Hindi on 'X' after inspecting the Chandrawal water treatment plant, she said that unexpected rains flooded the pumping house of the Chandrawal Water Treatment Plant, damaging the motors.
Being bullish & being cautious are not antonyms: 4 largecap stocks from different sectors with upside potential of up to 41%
There are a number of times when one hears on the street, that indices and stocks have gone so high, how much higher it can go, so forget it. Essentially the underlying feeling is that just because the nifty and sensex has moved up now it will not move so let's not invest. That is probably the worst mistake one makes because at every level, this narrative comes. When nifty was 20,000 this argument could have been made, now at 24,000 also this argument can be made and when nifty is much higher, the same argument will be made. One needs to look at the broader picture, there is no reason why one should not be bullish about India, but that does mean one should not be cautious in terms of selecting the stocks. so , continue to be bullish, also be cautious and invest in a manner that short term profit booking moves don't make you anxious.
Uproar in MCD House over Delhi water crisis
The Municipal Corporation of Delhi (MCD) House meeting on Thursday saw protests by BJP and Congress MLAs over a water crisis in Delhi. The proceedings, delayed by an hour, began at 11.55 am. Soon after, opposition councillors entered the well of the House, raising slogans against the AAP government led by Chief Minister Arvind Kejriwal. BJP councillors were seen carrying earthen pots and chanting "Jai Shree Ram" and "Bharat Mata Ki Jai."
IVCA’s VC Council for 2024–26 to focus on boosting micro-VCs
The IVCA VC Council, led by industry experts, aims to elevate the Indian start-up ecosystem by fostering innovation, supporting micro-VCs.
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Fund Manager Talk | PSU stocks in 3 sectors offer value for long-term investors: Charanjit Singh, DSP Mutual Fund
We expect the Government to remain focussed on infra investment even during the third term. Since FY21, the government has focussed on building infrastructure with central government expenditure rising from 1.7% of GDP in FY21 to 3.3% of GDP in FY24.
Delhi, hold on, this dam will quench your thirst soon
After 50 years on the drawing board, Renuka Dam, which will provide 23,000 litres of water per second to Delhi in the dry months, looks set to become reality. But construction and filling up of the reservoir could take another eight years
Delhi water crisis: A dam to quench Delhi's thirst, but likely to be ready only by 2030
Delhi is in a water battle with Haryana and Himachal Pradesh in the Supreme Court, needing around 33.5 to 36.7 crore liters of water daily. The proposed Renuka Dam project could supply 23,000 liters per second to Delhi but has faced delays. The dam's construction may start in 2024, with completion expected by January 2030 and relief for Delhi by 2032.
People can do anything when they're angry: BJP's Ramesh Bidhuri on vandalization of Delhi Jal Board office
The ongoing water crisis in Delhi has led to widespread protests, vandalism, and political confrontations. The Delhi Jal Board office in Chhatarpur was vandalized by BJP workers, and BJP leader Ramesh Bidhuri defended the damage, stating that it is natural and that people can do anything when they are angry. He accused the Aam Aadmi Party of corruption and demanded freedom from the government. AAP leader Atishi alleged that Bidhuri attacked the office with goons, claiming that the BJP is plotting to stop the water supply to Delhi from the Haryana government.
AAP leader Atishi accuses BJP's Ramesh Bidhuri, supporters of vandalising Delhi Jal Board office amid water crisis
While addressing a press conference in the national capital, Atishi said, "Delhi is currently facing severe heat. Even in this difficult time, the BJP has left no stone unturned, troubling the people of Delhi. The BJP is hatching a conspiracy against the people of Delhi. This conspiracy has three parts. The first part of this is to stop the water supply to Delhi from the BJP government of Haryana. Due to this not even a drop of water is left at the Wazirabad Water Treatment Plant."
Home decor firm Trampoline raises $5 million led by Matrix Partners, WaterBridge
B2B home decor firm Trampoline raises $5M led by Matrix Partners India and WaterBridge Ventures, with an additional $2M in venture debt from Alteria Capital. Founded in 2023, Trampoline disrupts supply chains, enabling retailers to access exclusive products from India.
Chandrababu Naidu announces Amaravati as sole capital city of Andhra Pradesh
A day before his swearing-in as Andhra Pradesh's chief minister, TDP leader N Chandrababu Naidu declared that Amaravati would be the state's sole capital. This announcement was made during a joint meeting of TDP, BJP, and Janasena legislators, where Naidu was elected as the NDA leader. Naidu emphasized that there would be no plans for three capitals under his government, reaffirming Amaravati as the capital.
Is the world running out of water supplies? These cities have acute drinking water crises.
The water crisis is being caused due to outdated supply infrastructure and mismanagement. Solutions are needed that leverage technology.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
One segment of the markets which was most vulnerable to election results was the mid-cap segment of the market for one simple reason, valuations have been on the higher end. Now that a part of the election anxiety is behind as a new government gets formed. Once again the focus is back on the mid-cap. There are selected stocks from different sectors where analysts are bullish in time where there is rotational trade likely to take place in the next couple of months. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
North Korea fires missile barrage toward eastern waters days after failed satellite launch
North Korea allegedly fired a barrage of short-range ballistic missiles towards the eastern sea. The move drew condemnation from South Korea and Japan amidst heightened tensions on the Korean Peninsula. The launches followed a failed attempt to launch a military reconnaissance satellite. North Korea's actions have been met with strong international criticism as they violate U.N. Security Council resolutions. The North vowed to continue developing its space reconnaissance capabilities despite setbacks.
This is the world's murder capital that became a cartel warzone
Colima which was once a popular tourist hotspot has now turned into the World’s Murder capital. Gang wars have ripped apart the city and the lives of its citizens.
Bihar Heatwave: Over 50 students faint in several schools; children taken to hospital in bikes, tempos as ambulance fails to arrive
During the ongoing heatwave across various regions of India, more than 50 students across different schools in Bihar are said to have fainted due to dehydration. Bihar experienced scorching temperatures with mercury levels surpassing 44 degrees Celsius at nine locations in the state on Tuesday. Aurangabad recorded the highest temperature in the state at 47.7 degrees Celsius, according to Ashish Kumar, a scientist from the IMD in Patna.
ETMarkets AIF Talk: Fund Manager with Rs 1,000 cr portfolio nearly doubles wealth in a year; holds 10% cash amid election uncertainty
Arun Chulani, Co-Founder of First Water Capital, discusses the fund's impressive performance, achieving over 90% growth in the last year and 40% CAGR in 3 years. The fund has consistently ranked no.1 on BarclayHedge's Top 10 equity funds. he says: "Our performance is a reflection of our core philosophy, which starts with value, concentration, and betting on a country with long-term tailwinds—that of India."
India hits $5 trillion market: 4 reasons why foreign investors are now eyeing India, Arun Chulani decodes
India's $5 trillion market attracts global investors. Arun Chulani of First Water Capital discusses the country's economic growth, market performance, and potential for foreign investment, positioning India as a key player in global portfolios.
Water shortage, poor drainage, traffic jams pressing issues in South Delhi
With voting on May 25 for the South Delhi Lok Sabha seat, residents share the issues they face. The region faces water scarcity, traffic congestion, and inadequate drainage. Residents prioritised basic amenities over political issues like the chronic water crisis and infrastructural challenges. Candidates like Ramvir Singh Bidhuri and Sahi Ram Pehalwan promise solutions, focusing on healthcare, education, and sports facilities in the region.
SuperKalam secures Rs 16 crore funding to boost personalised education with AI mentorship
SuperKalam has concluded a $2 million seed funding round led by YCombinator and Fundersclub with participation from YC Partner Puneet Kumar, GoodWater Capital, Nurture Ventures, SuperCapital, Pareto Ventures.
AAP's Atishi accuses BJP-ruled Haryana govt of stopping Yamuna water supply to Delhi
Aam Aadmi Party (AAP) leader and Delhi minister Atishi Marlena has accused the Haryana government of a conspiracy to stop the Yamuna river's water supply ahead of the May 25 Lok Sabha elections. Marlena warned the Delhi government not to fall into the BJP's trap and warned that if the Haryana government does not take action, they may approach the Supreme Court.
Elon Musk, Indonesian health minister, launch Starlink for health sector
Musk, the billionaire head of SpaceX and Tesla, arrived on the Indonesian resort island of Bali by private jet before attending the launch ceremony at a community health centre in the provincial capital, Denpasar.
India will soon have solar power waste to fill 720 Olympic-size swimming pools. It has to urgently find solutions.
The country is betting big on solar energy — and rightfully so. But it is not giving equal importance on managing or recycling the waste that would be generated.
FirstCry refiles IPO papers; Groww secures payment aggregator licence
FirstCry has refiled its draft IPO papers with market regulator Sebi with updated financials. More on this in today’s ETtech Top 5.
Bengaluru water crisis: India’s most innovative cities are running out of water
During the construction of Egypt's pyramids, the Indus Valley civilisation thrived with advanced cities, art, and undeciphered writing. Now, a drought is driving tech professionals away from Bengaluru, as water shortages worsen in southern India. The region's economic importance and political challenges make addressing water scarcity crucial for its future prosperity and global impact.
Delhi CM Arvind Kejriwal issues first direction from ED custody; Atishi asked to focus on water scarcity issue
Delhi Chief Minister Arvind Kejriwal, who is currently in ED custody, has given his first directive regarding the city's governance, as revealed by AAP leader and Delhi minister Atishi during a press briefing on Sunday. Kejriwal, despite his situation, has instructed for the adequate deployment of water tankers in areas experiencing water shortages in the national capital.
ETMarkets Smart Talk: Renewable energy could produce next multibaggers but tread with caution: Arun Chulani
Arun Chulani says: "The Indian government aims to reduce reliance on carbon energy and promote clean and alternative energy sources. given the tailwinds, multibaggers in this sector can possibly be found in this sector, but good companies don’t always represent good valuations, so proper research would be required to identify which ones."
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