EXISTING INVESTORS
Nifty50 ends May with gains despite weekly volatility; all eyes on June 2 reversal alert
The Nifty50 dipped 0.4% for the week but closed May with a 1.7% gain. Key resistance levels were validated, while time-based forecasts accurately predicted intraday reversals. Traders should watch June 2 for potential trend shifts, aligning strategies with resistance/support zones and time-based triggers.
US FDA approves Moderna's next-gen COVID vaccine for adults 65 or older
Moderna's updated COVID-19 vaccine has received FDA approval for individuals aged 65 and older, marking the first endorsement under stricter regulatory guidelines. The vaccine is also authorized for those between 12 and 64 who have underlying health conditions that increase their risk. This approval signifies a step forward in protecting vulnerable populations against COVID-19.
Shapoorji Group secures $3.4 billion in record Deutsche-led credit deal
Deutsche Bank orchestrated a significant $3.35 billion private credit deal for the Shapoorji Pallonji Group, securing funds from global investors like BlackRock and Morgan Stanley. The three-year nonconvertible debentures, backed by a portion of SP Group's Tata Sons stake, offer a 19.75% yield.
Royal Bank of Canada new return-to-office policy: 4 days in, 1 day remote starting September
Royal Bank of Canada will require hybrid employees to work from the office four days a week starting September 2025, emphasizing in-person collaboration. This decision, announced alongside second-quarter earnings that fell short of expectations, has raised concerns among staff regarding commuting and costs. RBC's move aligns with similar actions by other major banks seeking to strengthen teamwork.
LIC invests Rs 5,000 crore in Adani Ports NCD
Life Insurance Corporation of India invested in Adani Ports. LIC purchased ₹5,000-crore non-convertible debentures. This investment supports Adani Ports' plan to refinance debt. The company aims for longer-term borrowings at lower rates. The 15-year bond has a 7.75% coupon. Adani Ports will use the funds for capital expenditure. Refinancing existing debt is another purpose.
Trump’s $5 Million Gold Card Visa Plan: Why experts say it may never become a reality
Trump’s ambitious Gold Card visa plan promises U.S. residency for $5 million but lacks legislation, structure, and a viable applicant pool. Experts warn it’s more campaign pitch than policy, with legal, technical, and financial flaws undermining its credibility.
- Go To Page 1
Menswear brand Snitch raises Rs 278 crore from 360 One Asset, others
Snitch, an omnichannel menswear brand, raised Rs 278 crore led by 360 One Asset, with participation from SWC Global and IvyCap Ventures. Founded in 2018, Snitch operates 59 stores and plans more expansion in FY26, targeting 2-fold revenue growth and new product categories, following strong FY25 performance.
NRIs to pay lower LTCG tax on these equity shares due to proposed forex fluctuation benefit in New Income Tax Bill 2025
The New Income Tax Bill, 2025 introduces a 'forex fluctuation benefit' that allows NRIs (excluding FIIs) to potentially pay lower long-term capital gains tax on unlisted equity shares. This provision addresses the issue of NRIs being taxed on artificially inflated income due to rupee depreciation. Read more to know how this helps.
Quick service app Snabbit raises $19 million in round led by Lightspeed
Existing investors Elevation Capital and Nexus Venture Partners participated in the funding round of Snabbit that offers hyperlocal, on-demand home services. The fresh funds will be used to expand into new micro-markets and strengthen its team. The company is looking to scale to over 200 micro-markets in the next nine to 12 months from around 10 now.
Dhan closes in on $200 million fundraise from ChrysCap, Alpha Wave, MUFG
Dhan, an online stock trading platform, is poised to become a unicorn with a $190-200 million funding round led by ChrysCapital. The investment, which includes participation from Alpha Wave, MUFG, and Sunil Mittal's family office, will value the company at $1.1 billion. Dhan's focus on high-frequency traders and profitability have attracted investors amidst regulatory changes in the Indian stock market.
Dhan’s funding nears close; BNPL gets regulated out
Happy Thursday! Stock broking startup Dhan is poised to finalise its long-awaited funding round. This and more in today’s ETtech Morning Dispatch.
ZET partners with SBM Bank for FD-backed credit card
ZET and SBM Bank (India) have launched an FD-backed credit card to help Indians build a credit score above 750. Targeting credit underserved and unserved populations, the card requires no prior credit history, links to UPI, and offers interest on fixed deposits, providing a secure, accessible path to credit empowerment.
Unacademy founders’ shift to AirLearn, Jain’s offline role are strategic: Gaurav Munjal to employees
Munjal sent an email to Unacademy’s employees to set to rest speculation of impending layoffs at the company. The Unacademy board had been in talks with Munjal for over a year about his potential exit, given his lack of interest in running an offline coaching business.
Navigating volatility: Why staggered SIPs make sense for small & mid cap MFs right now
Motilal Oswal advice lump sum investments in stable large, hybrid, and flexi cap funds, while recommending staggered investing in volatile mid and small caps. Fixed income looks favorable amid RBI’s supportive stance. Active funds show strong long-term compounding despite short-term dips.
Exclusive: Unacademy founders Munjal, Saini set to exit, shift focus to AirLearn
Unacademy cofounder Gaurav Munjal is stepping down as CEO, with Sumit Jain taking over amid a company reset and focus on AirLearn. Fellow cofounder Roman Saini is also exiting an active role. This leadership change follows internal discussions and a shift from online test prep to physical centers, impacting the edtech's business.
Defence sector based mutual funds rally up to 60% in 3 months. Will the momentum continue?
Defence sector mutual funds have surged, delivering returns up to 60% in the last three months, fueled by strong earnings, government policy, and geopolitical factors. Experts caution against fresh investments due to stretched valuations, advising existing investors to consider profit booking. New investors should avoid lump-sum allocations and consider tactical SIPs only on corrections.
Can Ambani do mutual fund magic with Aladdin?
Mukesh Ambani's Reliance Group, through Jio Financial Services, is partnering with BlackRock to launch Jio BlackRock Asset Management, entering the growing Indian mutual fund market. Approved by Sebi, the venture aims to digitally deliver investment products, leveraging BlackRock's Aladdin platform for data-driven investing.
How can employees save money in MFs after a salary hike?
Salaried employees often receive annual salary increases effective in April. Financial planners advise aligning increased systematic investment plans (SIPs) with these raises and inflation. Investors can automatically increase SIPs by 5-10% annually or make decisions based on their salary hike and cash flow, potentially diversifying into debt, hybrid, or gold funds.
Logistics SaaS startup Fleetx raises Rs 113 crore from Indiamart, Beenext
Founded in 2017, Fleetx offers AI- and IoT-powered solutions across fleet management, trip intelligence, video telematics, fuel analytics, transport ERP, and transportation management systems (TMS). Fleetx currently serves more than 2,000 customers, including over 100 enterprise accounts such as Ultratech Cement, Unilever, Adani Group, Godrej, Vedanta, Maersk, and Hindalco.
Frinks AI raises $5.4 million in funding round led by Prime Venture Partners
Frinks AI, a deep-tech startup specialising in vision AI for industrial automation, secured $5.4 million in funding led by Prime Venture Partners, bringing its total funding to $6.25 million. Existing investor Chiratae Ventures and new investors Navam Capital and Zen Technologies founder Ashok Atluri also participated in the funding of the maker of next-gen vision AI systems for industrial automation and quality control. With this, Frinks AI has raised a total of $6.25 million.
An underrated solution, finding its due: Radhika Gupta reacts on tax-efficient options beyond equities
With stock market volatility, Edelweiss Mutual Fund highlights its Multi Asset Allocation Fund as a tax-efficient fixed income alternative. Radhika Gupta, CEO, emphasizes the fund's consistent returns and low risk, leveraging arbitrage across asset classes. The fund, along with arbitrage funds and precious metal ETFs, gains traction among risk-averse investors seeking better post-tax returns.
Beyond credit ratings: Building a more multifaceted framework for assessing risk in alternative debt markets
The 2008 financial crisis exposed the limitations of relying solely on credit ratings, particularly in alternative debt markets. A more comprehensive risk assessment is needed, considering security enforcement, fraud, and issuer credit risk. Investors should supplement ratings with expert views and focus on legal enforceability, security composition, and governance for smarter capital allocation.
Best medium to long duration funds to invest in May 2025
Investment advisors believe that many conservative investors would not be able to go through turbulent phases. Investors can avoid this only if they time their entry and exit into long-term debt funds. Many investors would find it difficult to predict the interest rate movements and getting in and out of the schemes. That explains the advice to stick to short term funds.
Fashion delivery startup Slikk raises $10 million led by Nexus Venture Partners
Fashion quick commerce startup Slikk has raised $10 million in funding led by Nexus Venture Partners, with Lightspeed also participating. The funds will support category expansion, faster returns, and geographic growth. Slikk plans to scale to 500 brands and six to eight dark stores, targeting fashion, beauty, and accessories.
Why are late-stage startups relying on private credit before their IPOs?
Late-stage Indian startups like InMobi, Zepto, and Zetwerk are increasingly securing private credit before their IPOs. This strategy allows them to buy out early investors, streamline their capital structures, and potentially increase valuations. These deals, typically costing 14-18% annually, are repaid from IPO proceeds, offering private credit funds downside protection and equity upside potential as companies prepare for public listings.
Sebi limits expiry of derivatives contracts to Tuesdays or Thursdays
Stock exchanges will now have to seek prior approval from the regulator for modifying the settlement day of their derivatives contracts from the one which has been existing. Under the current framework, stock exchanges could decide upon the expiry day of their derivatives products.
Quadria's third fund nets $1 billion, to deploy 60% in India
Quadria Capital, an Asia healthcare-focused private equity firm, has successfully raised $1.07 billion for its third fund, surpassing its initial $800 million target. The oversubscribed fund will allocate approximately 60% of its capital to India, with the remainder invested in ASEAN countries. This fund also marks the first time Quadria Capital has received significant domestic capital commitments from Indian institutions.
Groww files for $700 million-$1 billion initial public offering: Reports
Groww, the Indian online investment platform, has confidentially filed draft papers with the market regulator for an IPO aiming to raise between $700 million and $1 billion. The IPO will include a fresh issue of shares and stake sales by existing investors.
What to do with Honasa, Raymond, Dixon Technologies and 3 other stocks? Aamar Deo of Angel One decodes
Amidst global economic concerns and a US credit rating downgrade, Indian markets show signs of fatigue with profit booking visible. Investors are advised to tread cautiously, focusing on a 'buy on dips' strategy for Nifty and Bank Nifty.
Load More
