MULTI YEAR DEALS
JM Financial gets 142,000 sq ft Mumbai office space through CIRP resolution
JM Financial Products has acquired 142,000 sq ft of office space in a Mulund high-rise as part of a bankruptcy-linked settlement involving Ariisto Realty. The Rs 150 crore property transfer, structured through the insolvency resolution process, marks a strategic addition to JM’s portfolio and reflects evolving real estate debt settlements.
Cred’s down round; Blinkit’s food safety woes
Happy Tuesday! Cred has raised fresh funding at a steep cut in valuation. This and more in today’s ETtech Morning Dispatch.
Apple unveils software redesign while reeling from AI missteps, tech upheaval and Trump's trade war
Apple highlighted plans for more AI tools designed to simplify people's lives and make its products even more intuitive while also providing an early glimpse at the biggest redesign of its iPhone software in a decade.
India always ready to conclude trade pact with low hanging fruits: Piyush Goyal on US trade deal
India is keen to finalize a trade agreement with the US by initially focusing on easily achievable aspects, according to Commerce Minister Piyush Goyal. Discussions are underway in New Delhi, with hopes of an interim deal before July 9. Both nations aim to significantly increase bilateral trade to USD 500 billion by 2030, building on the existing USD 191 billion.
Apple heads into annual showcase reeling from AI missteps, tech upheaval and Trump's trade war
As Apple heads into this year's showcase, the company faces nagging questions about whether the nearly 50-year-old company has lost some of the mystique and innovative drive that turned it into a tech trendsetter. Instead of making a big splash as it did with the Vision Pro headset, Apple this year is expected to focus on an overhaul of its software.
Stock picks of the week: 5 stocks with consistent score improvement and return potential of more than 25% in 1 year
The bulls remain in comeback mode. So, shed your fears and be bullish. But also be selective. At this point, give weightage to the Q4 earnings of a company. Because, as the bulls make a comeback, valuations too are inching higher. If there is growth, the valuations can be justified. Otherwise, it’s better to stay away. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
- Go To Page 1
Ericsson to manage Bharti Airtel’s pan-India network under new multi-year contract
Bharti Airtel has signed a multi-year Network Operations Center (NOC) Managed Services agreement with Ericsson. Ericsson will manage Airtel’s network operations across India, covering 4G, 5G NSA and SA, Fixed Wireless Access (FWA), Private Networks, and Network Slicing. This collaboration aims to enhance Airtel's network and deliver an exceptional experience for customers in a digitally connected India.
Netflix, Balaji Telefilms ink multi-year content deal
Netflix and Balaji Telefilms are joining forces. They will develop diverse projects across various formats. This collaboration includes an untitled series already in progress. Balaji Telefilms will handle the production. They have previously collaborated on titles like Kathal and Jaane Jaan. This partnership aims to deliver unique, culturally rich stories to a global audience.
US lawmaker tells Pak delegation to eliminate 'vile' terror group Jaish-e-Mohammed
US Congressman Brad Sherman urged a Pakistani delegation, led by Bilawal Bhutto Zardari, to eliminate Jaish-e-Mohammed and protect religious minorities. Sherman emphasized the importance of combating terrorism, referencing the murder of Daniel Pearl. He also called for the release of Dr. Shakil Afridi, who aided in locating Osama bin Laden, highlighting its significance for 9/11 victims.
US-UAE multi-billion dollar AI data campus deal far from finalised, sources say
The project, which plans to use advanced Nvidia AI chips, has been promoted by Trump officials as a win in steering Gulf states toward US technology over Chinese alternatives. But according to five sources briefed on the project, US officials have yet to determine the security conditions to export the advanced chips or how the agreement with the Gulf state will be enforced, leaving the deal far from resolved.
LTTS bags deal to set up offshore development centre for US firm Tennant
L&T Technology Services (LTTS) has partnered with Tennant Company to develop sustainable cleaning products, establishing an engineering center in India. This collaboration will focus on integrating automation, IoT, and digital features into Tennant's equipment. The partnership aims to drive innovation, expand into emerging markets, and contribute to a greener future.
India can increase imports of shale gas, LNG, crude from US: Official
India aims to diversify its import basket by increasing purchases of shale gas, LNG, and crude oil from the US, leveraging lower prices. Trade talks are scheduled amidst uncertainties like potential tariff hikes, with India prioritizing a balanced, mutually beneficial agreement. Both nations are targeting to more than double bilateral trade to USD 500 billion by 2030.
India’s top IT services exporters buck the trend to land multi-year contracts
IT services companies Tata Consultancy Services (TCS), Wipro and Tech Mahindra entered multi-year deal announcements despite slowing demand and organic revenue growth. The deal announcements include streamlining IT operations through AI and next-generation technologies.
India calls for WTO action on non-tariff barriers, ensuring strong dispute resolution mechanism
India urged WTO members to address non-tariff barriers and trade distortions from non-market economies, emphasizing the need for a robust dispute settlement mechanism. Minister Goyal advocated for maintaining consensus-based decision-making and special treatment for developing nations. Discussions also covered agricultural issues, overfishing, and concerns about incorporating joint statement initiatives into the multilateral framework, with India opposing the investment facilitation pact.
Wipro shares rise after multi-year deal with US security firm Entrust
Under the agreement, Wipro will assist Entrust in expanding operations and speeding up growth by offering services in product development, infrastructure management, and application modernisation. Wipro will enhance application security by using advanced analytics to detect vulnerabilities and provide actionable insights for smarter software development.
Smallcap mutual funds emerge as top performers in May with average return of 8%. Opportunity or time for caution?
Smallcap mutual funds outperformed in May, delivering an average return of 8.2%, with DSP, Quantum, and Motilal Oswal Small Cap Funds leading. Experts attribute the surge to valuation corrections, improved sentiment, and domestic inflows. However, caution is advised as volatility remains high. Smallcap schemes suit aggressive investors with a long-term horizon and are not recommended for beginners.
Startups eye insurance pie; Good Glamm’s salary delay
Happy Wednesday! Startups are eyeing a piece of the general insurance market. This and more in today’s ETtech Morning Dispatch.
Cameron Brink’s injury revelation on national TV; here’s what her coach said about her return
Cameron Brink, the Los Angeles Sparks forward, is recovering from a torn ACL and meniscus sustained in June. While she has resumed non-contact drills, there's no set timeline for her return. The Sparks are prioritizing her long-term health as she also plans to join the Unrivaled 3x3 league in 2026 and work with Stephen Curry.
Wipro signs deal with US security solutions firm Entrust
The partnership will improve Entrust’s operational efficiency, support its digital transformation goals, and better manage IT costs. It will also help scale the identity-centric security solutions firm’s operations and accelerate growth.
Tech Mahindra signs deal with Netherlands-based Hanab for IT modernisation
The alliance will seek to streamline the operations of the multi-service utility provider and implement next-gen technologies to support its growth aspirations.
'India, US to resolve all issues bilaterally': Piyush Goyal
India and the US will address trade issues, including increased US tariffs on steel and aluminium. Both nations aim for a bilateral trade agreement, targeting $500 billion in trade by 2030. US officials will visit India for trade discussions. An interim deal is expected by June. India and Oman are also progressing on a free trade agreement.
India, US desire to give preferential market access to businesses; talks on for trade pact: Goyal
India and the US are actively pursuing a bilateral trade agreement to boost economic ties, aiming to more than double trade to USD 500 billion by 2030. Despite concerns over potential tariff hikes on steel and aluminum, both nations are committed to resolving trade issues bilaterally.
Flesh-eating screwworms in cattle could raise US beef prices
The New World Screwworm, a parasite devastating to livestock, is spreading north through Mexico, prompting the U.S. to halt cattle imports. This suspension threatens to raise already high beef prices due to a reduced cattle supply. Efforts are underway to control the outbreak by releasing sterile flies, but the potential economic impact on American ranchers remains a significant concern.
India-US trade pact: Effort on to facilitate preferential market access for both sides, says Piyush Goyal
India and the United States are actively pursuing a bilateral trade agreement to boost trade to $500 billion by 2030, according to Commerce Minister Piyush Goyal. Despite potential tariff hikes on steel and aluminum, both nations aim to resolve issues through dialogue.
Air India eyes major new aircraft order from Airbus, Boeing; plan includes 200 new single-aisle jets: Report
Air India is reportedly in talks with Airbus and Boeing for a new aircraft order potentially involving around 200 single-aisle jets, building upon its massive 2023 order. This expansion aims to modernize the fleet and regain market share amidst supply chain constraints affecting aircraft deliveries.
DRDO signs licensing agreement with NIBE Ltd for Pinaka MBRL and Battery Command Post
DRDO has signed a technology transfer agreement with NIBE Limited for the Pinaka MBRL and BCP, aiming to boost indigenous defence manufacturing. This follows DRDO Chairman's call for increased R&D investment to enhance India's defence capabilities and exports. He also lauded the armed forces and Indian industry for their contributions to recent successful operations and economic growth.
Dollar poised for fifth-straight monthly drop on trade, fiscal uncertainty
The U.S. dollar weakened, marking its fifth consecutive monthly drop. Trade and fiscal uncertainties loomed. Investors awaited a key inflation report. Trump's tariff policies added to market worries. Emerging market currencies gained. The Japanese yen rose after inflation data. Markets watched for trade deal updates. Bond yields remained high amid debt concerns. The Australian dollar saw a slight increase.
Salesforce raises annual results forecast on strong cloud spending
Higher cloud spending bodes well for Salesforce's efforts to ramp up monetization for its AI agent platform, Agentforce, as it bets big on agentic technology to spur adoption of its software offerings. The company said it closed over 8,000 deals since launching Agentforce, with half of them already paid. Its Data Cloud and AI annual recurring revenue has exceeded $1 billion.
Triveni Engineering shares rally 10% after solid Q4 earnings, upbeat sugar price outlook
Triveni Engineering shares surged 10.4% after Q4 profit rose 16.2% YoY and revenue jumped 24.4%. Strong sugar prices and refined sugar mix supported optimism. FY25 saw mixed performance, with lower annual profit and margins, but management remains positive on future growth in sugar and alcohol segments.
Load More
