India’s startup investment jumps to $13.7 B, fuelled by IPO boom: Bain & Co-IVCA Report; India loses ?107 crore to cyber fraud; Tech & more
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This Adani Group stock is a 'consensus buy' among analysts; check its recent price targets
Brokerage firm Macquarie on Tuesday, March 11, projected a nearly 32% upside on Adani Ports and Special Economic Zone Ltd. from its previous closing price.
The brokerage initiated coverage, with an "outperform" rating on the stock with a target price of ?1,500 per share. It said Adani Ports is well-positioned to capitalise on India's long-term growth potential due to the thematic alignment of its businesses with the nation's development. A diversified mix between ports and cargo will support further resilience in a weak market and the increasingly integrated nature of logistics offerings will also aid further customer retention, according to Macquarie.
India’s startup investment jumps to $13.7 billion, fuelled by IPO boom: Bain & Co-IVCA Report
After two years of sluggish growth, India’s venture capital (VC) market is rebounding, with investments soaring to $13.7 billion in 2024, according to the India VC Report 2025 by Bain & Company and the Indian Venture and Alternate Capital Association (IVCA).
This 1.4x increase from 2023 has positioned India as the second-largest VC destination in the Asia-Pacific region, even as the broader market remained flat.
Investor confidence returns amid favourable market conditions
The report highlights a resurgence in investor confidence, driven by favourable macroeconomic conditions, regulatory reforms, and an increase in public market exits. Deal volume rose by 45%, with 1,270 deals in 2024, up from 880 in 2023. While smaller deals (under $50 million) comprised 95% of transactions, large-ticket deals ($50 million and above) nearly doubled, signalling renewed interest in high-growth businesses.
US Market Crash: Nasdaq 100 shed $1.1 trillion in value as tech meltdown spreads
Technology shares suffered their biggest one-day plunge since 2022, as investors ditched longtime market leaders on rising worries the economy is headed for a recession.
The Nasdaq 100 Index plunged 3.8% with Monday’s selling wiping out more than $1 trillion in value. Meanwhile, the Bloomberg Magnificent 7 Index — an equal-weighted gauge of the biggest US tech stocks — tumbled 5.4% to bring its rout from a December record to more than 20%. Tesla Inc. tumbled 15%, widening its loss this year to 45%, while Nvidia Corp. lost 5.1% and has erased more than $1 trillion in market value in two months.
Explained: What are cool roofs and how are they helping a Gujarat slum fight extreme heat
The Ahmedabad trial, which involves 400 households, is part of a global scientific trial to study how indoor heat impacts people's health and economic outcomes in developing countries - and how "cool roofs" might help.
Hundreds of rooftops in Gujarat have been coated with a reflective white paint to help residents stay cool as summer approaches. This initiative, covering 400 households in Ahmedabad, is part of a global study on how indoor heat affects health and economic conditions in developing countries — and how "cool roofs" might help.
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Apple begins hiring for four new retail stores in India
Apple is accelerating its retail expansion in India by initiating recruitment for four new Apple Stores in Delhi-NCR, Mumbai, Bengaluru, and Pune. This move underscores the company's commitment to strengthening its presence in the rapidly growing Indian market.
John Taaffe, Apple Store leader, India, announced the hiring drive in a LinkedIn post, stating that Apple is looking for "passionate and talented individuals" to join its growing retail team in India.
"Apple’s journey in India has been incredible, and we’re thrilled to continue growing in these vibrant cities. To make these new stores a success, we’re looking for passionate and talented individuals to join our team.
India loses ?107 crore to cyber fraud in the first three-quarters of this fiscal
India has lost ?107.21 crore to cyber fraud in the first three quarters of the ongoing financial year (FY25), with 13,384 cases reported so far, according to data presented in the Lok Sabha.
India’s rapid adoption of digital payments has brought convenience but also a surge in cyber fraud. With more transactions happening online, fraudulent activities — particularly in card, internet, and digital payments — have seen a sharp rise in recent years.
While the Reserve Bank of India (RBI) does not maintain a centralised database of cyber fraud cases, data from commercial banks and financial institutions reveal a worrying trend.
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360 ONE Mutual Fund launches Silver ETF
360 ONE Asset Management Limited, formerly known as IIFL Asset Management Limited, has announced the launch of the 360 ONE Silver ETF.
This open-ended exchange-traded fund aims to replicate or track domestic silver prices.
The New Fund Offer (NFO) will remain open till March 20, 2025. Investors can participate with a minimum application amount of ?1,000 (and in multiples of ?1 thereafter). The NFO is priced at ?10 per unit. Silver has long held a dual role as a precious metal and an industrial commodity. The 360 ONE Silver ETF eliminates the challenges associated with physical silver ownership while offering investors exposure to silver’s potential value appreciation.
Recurring Deposit: How to open an RD account online
Recurring deposits (RDs) are a popular investment option for those looking for a low-risk investment tool with moderate and assured returns. The RDs are offered by multiple banks and NBFCs that help in channelising monthly savings for long- or short-term corpus formation. This investment product is available in various duration options ranging from 6 months to 10 years.
It offers investors a disciplined way to save money regularly by depositing a fixed amount each month over a predetermined period while also earning interest on the accumulated funds. After the maturity period, the investor receives the total amount (ie, the capital and the interest earned).
How to maintain a healthy credit score
Achieving and maintaining a high credit score is important because it affects your ability to secure loans and increase credit card limits. A good credit score is between 661 and 780 on the VantageScore model and 670 and 739 on the widely used FICO scoring technique.
Due to a lack of knowledge, many nowadays have poor credit scores and can't seem to raise them. Missed or delayed payments can result in a low credit score.Here are some feasible techniques for managing a good credit score and keeping your finances in line:
Pay Your Bills and Instalments on Time
Delays in credit card or loan EMIs should be avoided to maintain a good CIBIL score. This conduct improves the credit score by showing prospective lenders that you are dependable and accountable. About 35% of the FICO rating is determined by your payment history.
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