Silicon Road Ventures, Ajay Mahajan launch Rs 150-crore AI-focused startup fund
US venture capital fund Silicon Road Ventures has partnered with former Bank of America India MD Ajay Mahajan to launch a Rs 150-crore alternative investment fund. This fund will invest in early-stage startups developing Agentic AI solutions for B2B commerce technology, focusing on areas like supply chain and fintech.
Silicon Road Ventures, Ajay Mahajan launch Rs 150-crore AI-focused startup fund
US venture capital fund Silicon Road Ventures has partnered with former Bank of America India MD Ajay Mahajan to launch a Rs 150-crore alternative investment fund. This fund will invest in early-stage startups developing Agentic AI solutions for B2B commerce technology, focusing on areas like supply chain and fintech.
Negative Breakout: These 14 stocks cross below their 200 DMAs
In the Nifty200 pack, 14 stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on May 12, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. The 200 DMA is used as a […]
Global Market Today: Asian stocks track Wall Street lower on US CPI
Asian stocks declined as US inflation accelerated, influenced by rising oil prices following the conflict in Iran. This prompted an increase in Treasury yields and boosted bets on a Federal Reserve rate hike in 2027. Elevated oil prices and inflation risks now threaten the recent equity rebound, particularly impacting chipmakers.
Oil prices slip on teetering Iran ceasefire as Trump heads to China
Oil prices dipped as investors awaited developments on the Iran ceasefire and President Trump’s summit with China’s Xi Jinping. Brent crude futures fell to $106.95 a barrel, and WTI futures to $101.52. The ongoing conflict and supply disruptions are expected to keep oil prices above $80 for the year.
Dalal Street sees sharp selloff as rising oil and dollar rush hurt sentiment
The Indian rupee hit a record low for the second consecutive day, while key equity indices experienced their biggest single-day fall in six weeks. This decline was triggered by uncertainty surrounding US-Iran peace talks, which pushed oil prices higher, and Prime Minister Modi’s austerity call, eroding market confidence and prompting dollar buying.
Syrma SGS Q4 Results: Net profit surges 67% to ₹119 crore, driven by strong revenue growth
Syrma SGS Technology Ltd experienced an impressive financial year, reporting a remarkable 87% increase in net profit, reaching Rs 345.8 crore. The company’s revenue saw substantial growth as well, with export revenue exceeding Rs 1,200 crore.
No status quo on Adani Port land: Supreme Court
The Supreme Court clarified it did not order a status quo on 108 hectares of grazing land allotted to Adani Ports in Gujarat, rejecting villagers’ claims. The apex court stated the written order did not mention status quo and imposed a symbolic cost of ₹2,000 each on the villagers for their clarification applications.
Sebi may relax norms for select agri commodity F&O contracts
The Securities and Exchange Board of India (Sebi) has proposed a pilot program to allow select agricultural commodity derivatives to trade as cash-settled instruments before mandatory physical settlement. This initiative aims to boost liquidity and market confidence in agricultural contracts, with commodities like maize, groundnut, and chilli being considered for the pilot.
IT stocks tumble on OpenAI’s push into AI adoption
Indian IT stocks experienced a significant downturn on Tuesday, with the Nifty IT index plummeting 3.7% to a three-year low. This decline was triggered by OpenAI’s substantial investment in AI adoption, raising concerns about its impact on traditional software services business models.