TECH INVESTMENT
Gates’ climate firm sets sights on developing world
Breakthrough Energy advances global innovation, emphasizing cost reduction and universal innovation for sustainable development.
IT firms chasing acquisitions to enhance their topline and skills
Indian information technology (IT) services are banking on acquisitions to fuel growth amid a dire need for investments in new capabilities, especially GenAI, as a slowdown in global demand keeps away opportunities for organic expansion.
Nasdaq ends higher on tech strength; Dow pulls back
Tech stocks like Nvidia led the market surge as investors awaited crucial inflation data. Retailers weighed down the Dow, but the S&P 500 rebounded. FedEx projected profit growth, while Carnival Corp raised its annual forecast. Spirit AeroSystems attracted attention amid acquisition talks with Boeing.
US proposes targeted restrictions for AI, tech investment in China
The U.S. proposed rules to regulate investments in China to prevent sensitive technology development, supported by Treasury Assistant Secretary Paul Rosen.
Health tech startup Alyve Health raises $5.5 million funding from Axilor Ventures, others
Health tech startup Alyve Health raised $5.5 million led by Axilor Ventures for platform enhancement and talent acquisition in Mumbai. Earlier in April 2022, it raised seed funding of $900,000 from Axilor Ventures and 1Crowd Fund.
Indian corporates are likely to go slow on overseas dollar loans: BofA
Indian corporates are likely to reduce overseas dollar loans due to expensive current rates. There is a 'huge pent-up demand' for investing in local firms' equity. Borrowing costs in the US have increased sharply, leading to a preference for IPOs and follow-ons in India.
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Indian venture capitalists need to pivot to a new model of investing
Indian venture investors are shifting focus from tech startups to safe havens, including direct-to-consumer brands. The trend is towards larger fund sizes, profitability, and slower growth, resembling mid-market private equity. AI investments are lacking in India, leading VCs to diversify into offline spaces and PE territory.
ByteDance plans $2.1 billion investment in Malaysia for AI, minister says
As part of the deal, the latest in a number of global tech companies expanding into Southeast Asia, ByteDance will also expand its data centre facilities in Malaysia's Johor state through an additional 1.5 billion ringgit investment, Investment, Trade And Industry Minister Tengku Zafrul Aziz said.
Thematic MFs offer up to 14% return in May. Have you invested in any?
Sectoral and thematic mutual funds in May showcased diverse performances with funds like HDFC Defence Fund and Mirae Asset Hang Seng TECH ETF FoF offering up to 14.34% and 7.35% returns respectively.
US stocks mixed as Nvidia retreat hits tech stocks; payrolls data in focus
The Nasdaq and S&P 500 touched fresh intraday record highs shortly after the open, however, initial gains fizzled out as Nvidia slipped more than 2%. In the previous session, it had crossed $3 trillion in market valuation and overtaken Apple as the world's second most valuable company.
Stock market may have bottomed out, start hunting for bargains: Mark Mobius
Following the Lok Sabha election's depressive impact on markets, Mark Mobius suggests India remains a promising investment hub. He advises seizing opportunities amid the downturn, particularly in construction sectors, emphasizing the nation's infrastructure needs. Mobius remains cautious about policy shifts under a fractured mandate but sees resilience in IT and tech stocks. Contrary to brokerage warnings, he believes in India's long-term growth potential, confident in its appeal to foreign investors despite political uncertainties.
PropTech investment reaches $4.6 billion since last decade
PropTech firms have seen a significant growth in investment since FY 2011, with a total of $4.6 billion in the last 14 years. This growth is attributed to the transformative impact of technology on the real estate industry, driving efficiency and innovation. Despite global economic uncertainties, PropTech firms' funding experienced a marginal dip in FY 2024, with investments totaling $657 million, down from $683 million in FY 2023. The shared economy and construction technology segments have emerged as leaders in the PropTech space, with 55% and 23% of the overall private investments in FY 2024, respectively.
ITC among 18 large and midcap ideas from Motilal Oswal post election verdict
Motilal Oswal identifies sectors with overheated valuations likely to become attractive post-elections. Picks include large caps like ICICI Bank, ITC, and HCL Tech, and midcaps such as Indian Hotels and Godrej Properties. Outlook remains positive with strong macros and corporate earnings growth.
What should investors do with their portfolios now? Samir Arora answers
But the same government also on the margin may change a little, little bit as feedback from the fact that their results are disappointing. But beyond a little bit here or there, what exactly will change and also at the index level, instead of stock A, stock B will do well, that is how life is.
Startups seek support, policy continuity from new govt
As of 6.30 pm, data from Election Commission showed the incumbent BJP leading with 241 seats, opposition Congress with 98 seats -- leaving both parties short of the 272 Lok Sabha seats needed to form a government and increasing the chances of a coalition.
Stay put, stay calm, don't be adventurous: Vijay Kedia's message to retail investors
I do not know what is going to happen still because since BJP has not come with a majority and all, so that is the biggest fear factor in this market, that what is going to happen tomorrow. Let me tell you, somebody was telling me who is going to become PM also.
Avoid going long on high beta trade; stick to defensives: Sanjiv Bhasin
But I do not think it is a time to short, but I do not think it is the time to go long on the high beta trade, the Adanis, the PSUs just be cautious there, try and build your portfolio on stocks which are giving you opportunity, momentum like HDFC twins, SBI Life, UltraTech, ABFRL and Vodafone.
Why Sanjiv Bhasin is betting big on this IT stock
Commodities, metals, wherever the left out feeling. I am not saying that they are going to fall overnight. See the risk on the table is less. You do not want to be burned right at the top and then see a 15% correction and then forward. So, I think taking money there off. But private banks, like I told you, UltraTech, a lot of those like ABFRL, Vodafone and Rattan Power that Rs 9.50 stock is locked at 20.25.
Google says tech infrastructure investment in Singapore reaches $5 billion
The company said its data centres in Singapore employ over 500 people and are used to power services such as Google Search and Maps.
Top startup & tech stories this week
Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter. The week was packed with important stories broken by our reporters. Here’s a recap if you missed these stories.
We remain very positive on capital goods, defence, and manufacturing: Hemant Shah
Notably, multinational companies in this sector, such as those in bearings and chemicals, have posted exceptionally strong numbers. Therefore, we remain very positive on capital goods, defence, and manufacturing.
Large investors sell up to 5% stake in CarTrade for Rs 200 crore
Institutional sellers sold up to a 5% stake in CarTrade Tech for around Rs 200 crore through a block deal on Friday, with Axis Securities as the banker. The company has no promoter holding, with a significant portion of shareholding held by institutional shareholders. Mutual funds and foreign portfolio investors held stakes in the company.
Climate tech has a promising future in India: Hisham Mundol, Chief Advisor, Environmental Defense Fund, India
Environmental Defense Fund (EDF) wants India to become the first major economy to industrialise without carbonising, says Hisham Mundol, Chief Advisor, Environmental Defense Fund, India.
RBI Guv Shaktikanta Das launches PRAVAAH, Retail Direct mobile app and FinTech Repository
The Reserve Bank of India (RBI) has launched three major initiatives to enhance regulatory processes, facilitate retail investment, and provide comprehensive data on the fintech sector. The PRAVAAH portal is a secure web-based platform for individuals and entities seeking authorizations, licenses, or approvals from the RBI. The RBI Retail Direct mobile application simplifies transactions for retail investors, and the FinTech Repository provides data on Indian fintech firms for better regulatory understanding and policy formulation.
UltraTech Cement offers to acquire 31.6 per cent in UAE-based RAKWCT
On April 15, UltraTech had informed that UCMEIL will invest in 29.39 per cent equity share capital of 'Ras al Khaimah Co. for White Cement and Construction Materials PSC' (RAKWCT), a company listed on the Abu Dhabi stock exchange.
1 million to $13 million in 5 yrs: 'Indian Warren Buffet' Mohnish Pabrai shares his success journey
Mohnish Pabrai, an Indian-American investor and founder of Pabrai Investment Funds, credits his success to emulating Warren Buffett's investment principles. Pabrai's journey, marked by substantial returns and strategic bets, showcases the efficacy of Buffett's methods. Known for his high-return investments and avoidance of startups and IPOs, Pabrai's approach emphasizes value investing and selectivity. His net worth and insights on investment strategies highlight the power of disciplined, long-term investing.
Amazon to invest 15.7 billion euros in Spain
Amazon's cloud computing division AWS will invest 15.7 billion euros ($17 billion) to expand its data centres in Spain's Aragon region through to 2033, the US tech giant said Wednesday. Amazon in 2021 had planned to invest 2.5 billion euros in Aragon, where it has three data centres.
India has abundance of talent, a great resource for Dell: Michael Dell
India is a top resource for tech giant Dell Technologies, according to founder Michael Dell. He praised India's talent pool and desire for a sovereign AI reflecting its culture. Dell announced advancements in AI at the Dell Technologies World event, emphasizing responsible use and the transformative potential of AI on a global scale.
Draft digital competition bill will make business untenable: IAMAI
Ex-ante regimes tell businesses precisely how to behave, or what to do. Under the current ex-post regime of the Competition Act, companies are only required to ensure that their conduct in the market is not anti-competitive. An overlapping ex-ante regime proposed under the digital competition Bill will force tech companies to comply with parallel legislation and undertake measures for additional compliance, the IAMAI said.
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