PRODUCT MANAGEMENT
Databricks projects $4 billion in annual revenue on surging AI demand
In the second quarter, the company serving around 15,000 customers including energy major Shell and electric-vehicle maker Rivian, surpassed a $4 billion revenue run rate, with AI products reaching $1 billion.
Classic Legends eyes festive boost on GST cut, Roadster launch
Classic Legends, maker of Jawa and BSA bikes, is betting on the GST cut on motorcycles and its new Roadster launch to boost festive sales. Prices have dropped to ₹1.9 lakh, with footfall tripling. The firm targets 10,000–15,000 monthly sales in September-October, but faces challenges scaling beyond its <1% market share against Royal Enfield’s dominance.
PGIM India AMC partners with Cybrilla to bring mutual funds on ONDC platform
PGIM India Asset Management has partnered with ONDC and Cybrilla Technologies to expand mutual fund access across India. The integration aims to empower distributors, lower costs, and introduce innovative formats like daily SIPs, reinforcing PGIM’s mission of financial inclusion and democratizing investments, especially for smaller towns and rural investors.
Pharma stocks: Moving from ‘What if’ to ‘Maybe not’. 8 pharma stocks, 3 with upside potential above 22%; others not so high, but…
There are two ways to look at the hope which the street is reflecting when it comes to a possible India-US tariff deal. One, it will bring down the tariffs (raised recently) on a number of products. Two, it removes the fear hanging over some companies and sectors that they may be put on the tariff list if the situation is not resolved. Now, which is the sector where the fear of a possible tariff hike is most palpable? The answer is pharma. The reason it has not been tariffed by President Trump is that any additional duty will mean higher medicine costs in the US. And it will lead to higher inflation. But then you don't know what he might do. So, there is an element of “what if” at the moment, and getting that removed is good enough.
Alibaba leads $140 million funding round in X Square Robot
The Hangzhou-based company has said it plans to spend $53 billion on AI infrastructure over three years in a major pivot. Artificial intelligence advancements promise to usher in a new generation of smarter robotics, and Beijing has made developing that sector a national priority.
No repack: FMCG watches its wasteline
Consumer goods companies are urging the government to allow the sale of existing inventory with current packaging, albeit at reduced prices reflecting new GST rates effective September 22. This request aims to avoid discarding packaging material valued at over ₹2,000 crore. Companies propose informing consumers of revised prices through various channels, given they hold significant inventory across the supply chain.
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Krupalu Metals IPO opens for subscription. GMP among key details to know before subscription
Krupalu Metals, a brass and copper product manufacturer based in Jamnagar, launched its IPO on Monday, aiming to raise Rs 13.48 crore. The IPO, offered at Rs 72 per share, closes on Thursday and will list on the BSE SME platform on September 16. Funds will be used for expansion and working capital.
Nilachal Carbo Metalicks IPO: Check GMP, price band and other details
Nilachal Carbo Metalicks launched its Rs 56.10 crore IPO today, closing on September 11 and listing on BSE SME on September 16. The IPO offers 66 lakh shares at Rs 85 each, with a lot size of 3,200 shares for retail investors. The company will use the funds for expansion and modernization.
Why buttermilk or Chahhas is good for weight loss and burning fat, explains gastro specialist Dr. Pal. Here are 5 other key health benefits
Buttermilk is more than a cooling summer drink. Gastroenterologist Dr. Palaniappan Manickam, popularly known as Dr. Pal, explains that it aids weight loss by supporting gut health through live cultures of lactic acid bacteria, which boost metabolism and fat breakdown. Rich in protein, calcium, vitamins, and minerals, it also improves energy, digestion, bone strength, and cholesterol levels. Easy to prepare at home, consuming two servings daily offers multiple health benefits while promoting overall well-being.
Dividend yield: Stock traders can use it differently to distinguish between the probability & possibility of making money
Dividend yield is not just an investor’s tool. At certain points in the market, it becomes just as relevant – sometimes even more so – for traders. Yes, traders. Now, why would dividend yield, of all things, act like a support line? The explanation lies in market memory and psychology. Around a certain level of dividend yield, value-oriented funds begin to step in because the price suddenly offers the comfort of an income stock. Momentum traders see valuation support and a floor building underneath the price. Options desks recalibrate, as downside looks limited and covered calls turn attractive. Each group is reacting to its own cues, but collectively they create the reflexive bounce that turns weakness into opportunity for traders.
PSU stocks: Time to relook? But don’t use the 2023 lens; choose the business. 57 PSU stocks, some good, some not so good
A bull run from June 2023 to June 2024, and then a bear run for a year. PSU stocks now seem at a stage where it is probably time to look at them again. For those who have not noticed, some of these stocks have seen higher-than-average volumes. Also a sort of outperformance in the bearish phase where they did not decline like other stocks in the market. They are not in the news any more; nor are many talking about them on TV. All signs suggesting it might probably be time to look at them again. But this time do it from a very different perspective – and not just because they are PSU. What matters is the category of business they fall into.
GST Council's decision to simplify tax structure will make taxation more 'transparent': IOB
The Goods and Services Tax (GST) council is set to simplify the tax structure. This move aims to make taxation more transparent. Indian Overseas Bank anticipates a boost in rural consumption by 8-10 percent. Increased demand is expected across various sectors. Farmers will benefit from reduced costs on agricultural products. Price cuts on essentials will provide relief to consumers.
UKB Electronics files DRHP with SEBI for Rs 800 crore IPO
UKB Electronics, a top Indian EMS provider, plans to launch an IPO. The company aims to raise Rs 800 crore. This includes a fresh issue and an offer for sale. Funds will be used to reduce debt and expand facilities. UKB serves various sectors and exports to 17 countries. The shares will be listed on BSE and NSE.
GST 2.0: Consumer cos readying big festive splash to boost sales
Indian consumer companies, including Reliance Retail and automakers like Hyundai, are increasing marketing and advertising budgets by 15-20% this festive season, spurred by GST cuts effective September 22. These companies aim to attract customers with lower prices and boost sales. Sony India anticipates significant growth in large-screen TV sales, while Parle Products plans increased advertising to gain market share.
Explained: What is Mutual Fund - Voluntary Retirement Account scheme by AMFI and how is it similar to US 401(k)
India is preparing for a significant increase in its elderly population. Association of Mutual Funds in India (AMFI) introduces Mutual Fund-Voluntary Retirement Account (MF-VRA). This scheme is inspired by the U.S. 401(k) plan. It offers voluntary participation and employer-sponsored options. Mutual funds will manage it with tax incentives and flexibility.
GST Bonanza: Consumer chiefs vow to start slashing your bills...
Leading consumer goods companies, including HUL, Britannia, and Amul, are swiftly reducing prices and increasing grammage to pass on the benefits of recent GST rate cuts to consumers. This move is expected to boost demand, drive volume growth, and deepen market penetration, particularly for daily essentials and segments like air conditioners and televisions.
GST reset: FMCG firms want more time to clear old stock
Consumer goods companies are requesting an extension to the September 22 GST revamp deadline, citing logistical challenges with existing stock and packaging. They seek clarity on passing price cuts through increased grammage, especially for low-unit packs.
Stock picks of the week: 6 stocks with consistent score improvement and return potential of up to 35% in 1 year
For the next few months, before you take any buy-sell decision on the stock market, ask yourself this question. How is the Nifty’s movement impacting the bottom line of a company whose stock you are planning to buy-sell? The answer will help you avoid making wrong decisions. Now, why is there a high probability of making a wrong decision? Simple: News flows and statements from the US administration will create confusion in the short term. So, check out the stock you are targeting carefully.
India's food processing sector projected to reach $535 bn by FY26 end
India's food processing sector, projected to reach USD 535 billion by 2025-26, is driven by rising consumption and government initiatives. The organic food market is expected to grow significantly, reaching USD 10.8 billion by 2033. Industry experts emphasize the importance of food ingredients, packaging, and adherence to global standards for sustained growth and global recognition.
Ola Electric shares decline 4% as SoftBank trims stake to 15.68% in 2 months
SoftBank reduced its stake in Ola Electric, joining other investors like Tiger Global and Hyundai in trimming holdings. Despite this, Ola Electric secured PLI scheme certification, potentially easing financial pressures. The company reported lower revenue and increased losses in Q1, attributed to heightened competition and weaker demand, with shares closing down 6.3%.
Kaynes Semicon eyes January 2026 for mass production at Sanand OSAT
Pilot operations began in April and multi-month validation is currently underway, Kaynes Technology managing director Ramesh Kannan told ET. It expects to begin commercial-scale deliveries to anchor customer Alpha Omega Semiconductor by October, followed by full-scale production in January, he said.
Food companies upbeat, expect consumer choice to shift to branded products
Packaged food companies anticipate a significant shift from unbranded to branded products. This change is expected in categories like paneer, ghee and namkeens. The GST reduction will narrow the price gap. The price difference with local varieties will decrease by 4-13%. The GST council reduced taxes on daily use food items. New rates will be effective from September 22.
GST cut may lift drone sales, boost R&D, say startups
Founders of drone startups said the rate cuts will lower commercial drone prices by up to 10-15% for end users. They believe a lower GST will open new markets in defence, surveillance, and disaster management and help companies achieve quicker breakeven.
Eldorado Agritech files DRHP with Sebi for Rs 1,000 crore IPO
Eldorado Agritech, maker of Srikar Seeds, has filed draft papers with SEBI to raise Rs 1,000 crore through an IPO. The issue includes a Rs 340 crore fresh issue and Rs 660 crore OFS. Proceeds will largely repay debt, with strong R&D, crop portfolio, and robust FY25 financial performance supporting growth.
Mother Dairy to pass on benefits of GST reduction to consumers: MD Manish Bandlish
Mother Dairy, a leading dairy firm with a turnover of Rs 17,500 crore, welcomes the GST Council's decision to reduce GST rates on various dairy products. The company assures consumers that the benefits of this reduction will be passed on, enhancing affordability and accessibility.
Health products maker Cupid expects Rs 100 cr revenue from exports
Cupid Limited anticipates significant export revenue growth. The health products maker projects over Rs 100 crore from exports soon. International orders from South Africa, Tanzania, and Kenya will boost revenue. WHO, UNFPA, and NGOs are also key clients. A major order from Brazil is secured. Further orders are expected from Tanzania.
AMFI proposes Mutual Fund-Voluntary Retirement Account scheme, similar to US 401(k) plan
The Association of Mutual Funds in India (AMFI) has proposed the Mutual Fund- Voluntary Retirement Account (MF-VRA) scheme, which aims to provide a voluntary, employer-linked retirement product managed by mutual funds, similar to the US 401(k) plan.
Bima Vistaar: New insurance product set to launch in rural India by December 2025
Bima Vistaar, a comprehensive insurance product covering life, health, and property for rural populations, is expected to launch by December 2025. All insurance companies will offer the product at a uniform price, providing a Rs 5 lakh cover per individual, aiming to increase insurance penetration in rural India.
Legal and regulatory landscapes set to transform with InsurTech and AI in insurance: Lokanath Prasad Kar, ElpeeCo
India's insurance sector is rapidly evolving, driven by new risks and technological advancements. While IRDAI's "Use & File" approach fosters product innovation, pricing remains a challenge due to limited claims data. Focus should shift towards popularizing insurance as a risk management tool, with InsurTech playing a crucial role in accessibility.
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