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Yahoo
4 days ago
- Business
- Yahoo
Q1 Earnings Highlights: EXL (NASDAQ:EXLS) Vs The Rest Of The Data & Business Process Services Stocks
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let's take a look at how EXL (NASDAQ:EXLS) and the rest of the data & business process services stocks fared in Q1. A combination of increasing reliance on data and analytics across various industries and the desire for cost efficiency through outsourcing could mean that companies in this space gain. As functions such as payroll, HR, and credit risk assessment rely on more digitization, key players in the data & business process services industry could be increased demand. On the other hand, the sector faces headwinds from growing regulatory scrutiny on data privacy and security, with laws like GDPR and evolving U.S. regulations potentially limiting data collection and monetization strategies. Additionally, rising cyber threats pose risks to firms handling sensitive personal and financial information, creating outsized headline risk when things go wrong in this area. The 11 data & business process services stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 1.3% while next quarter's revenue guidance was in line. Thankfully, share prices of the companies have been resilient as they are up 7.9% on average since the latest earnings results. Originally founded as an outsourcing company in 1999 before evolving into a technology-focused enterprise, EXL (NASDAQ:EXLS) provides data analytics and AI-powered digital operations solutions that help businesses transform their operations and make better decisions. EXL reported revenues of $501 million, up 14.8% year on year. This print exceeded analysts' expectations by 2%. Overall, it was a satisfactory quarter for the company with a solid beat of analysts' EPS estimates but a slight miss of analysts' full-year EPS guidance estimates. Chairman and Chief Executive Officer Rohit Kapoor said, 'We are pleased with our first quarter results and strong start to the year, as we delivered revenue and adjusted diluted EPS growth of 15% and 27% respectively. Our strong business momentum underscores the successful execution of our differentiated data and AI-led strategy and demonstrates the enduring resilience and adaptability of EXL's business model.' EXL pulled off the fastest revenue growth of the whole group. Unsurprisingly, the stock is up 5% since reporting and currently trades at $47.25. Is now the time to buy EXL? Access our full analysis of the earnings results here, it's free. Powering billions of critical customer interactions annually, CSG Systems (NASDAQ:CSGS) provides cloud-based software platforms that help companies manage customer interactions, process payments, and monetize their services. CSG reported revenues of $299.5 million, up 1.5% year on year, outperforming analysts' expectations by 1.4%. The business had an exceptional quarter with full-year revenue guidance exceeding analysts' expectations and a solid beat of analysts' EPS estimates. CSG scored the highest full-year guidance raise among its peers. The market seems content with the results as the stock is up 2.9% since reporting. It currently trades at $63.07. Is now the time to buy CSG? Access our full analysis of the earnings results here, it's free. Processing over $10 trillion in equity and fixed income trades daily and managing proxy voting for over 800 million equity positions, Broadridge Financial Solutions (NYSE:BR) provides technology-driven solutions that power investing, governance, and communications for banks, broker-dealers, asset managers, and public companies. Broadridge reported revenues of $1.81 billion, up 4.9% year on year, falling short of analysts' expectations by 2.5%. It was a slower quarter, leaving some shareholders looking for more. Broadridge delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 2% since the results and currently trades at $237.18. Read our full analysis of Broadridge's results here. Holding detailed financial records on over 800 million consumers worldwide and dating back to 1899, Equifax (NYSE:EFX) is a global data analytics company that collects, analyzes, and sells consumer and business credit information to lenders, employers, and other businesses. Equifax reported revenues of $1.44 billion, up 3.8% year on year. This print surpassed analysts' expectations by 1.7%. Aside from that, it was a satisfactory quarter as it also produced an impressive beat of analysts' EPS estimates. The stock is up 27% since reporting and currently trades at $273.10. Read our full, actionable report on Equifax here, it's free. Known for its proprietary D-U-N-S Number that serves as a unique identifier for businesses worldwide, Dun & Bradstreet (NYSE:DNB) provides business decisioning data and analytics that help companies evaluate credit risks, verify suppliers, enhance sales productivity, and gain market visibility. Dun & Bradstreet reported revenues of $579.8 million, up 2.7% year on year. This result was in line with analysts' expectations. It was a strong quarter as it also put up a decent beat of analysts' EPS estimates. The stock is flat since reporting and currently trades at $9.04. Read our full, actionable report on Dun & Bradstreet here, it's free. In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
09-06-2025
- Business
- Time of India
Shares of Eternal, Swiggy drop as Rapido undercuts food delivery commission
Shares of Zomato parent Eternal and its rival Swiggy dropped as much as 2.5% and 4% on Monday following an ET report that Rapido is planning to launch its food delivery services this month by charging significantly lower commissions to restaurants than the two large players. Eternal shares closed 1.9% lower on the BSE at Rs 256.99 per share, after hitting an intraday low of Rs 255.35. Swiggy ended the day's trade 2.8% lower at Rs 364 a share, falling to Rs 360.10 apiece earlier in the day. The benchmark Sensex closed 0.31% higher at 82,445.21. According to the agreed-upon terms with the industry body National Restaurants Association of India (NRAI), Rapido will charge a flat commission of Rs 25 for all orders below Rs 400 and Rs 50 for orders worth more than Rs 400. This translates to 8–15% commission from restaurants, compared to 16–30% that Zomato and Swiggy charge, as ET reported. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Top 25 Most Beautiful Women In The World Articles Vally Undo Rapido's food delivery launch comes at a time when restaurants have been increasingly flagging issues of 'steep charges' levied by Zomato and Swiggy. "Zomato is becoming unsustainable for small restaurant owners like us," Vandit Malik, founder of The Garlic Bread, wrote on LinkedIn three weeks back. "To even be visible on the platform, I'm forced to spend Rs 30+ per order on ads. What's left? Pennies. Sometimes, not even that," he alleged. The owners of another NCR-based small restaurant, Saffroma, wrote on X last week, which went viral, that it was quitting Zomato, alleging "zero payouts, mystery service charges and advertisements initiated without approval." The post has since been deleted. Live Events Food delivery outlook Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories India's online food delivery market is expected to more than double to $15 billion by March 2029, according to a December 18 report by JM Financial . Platforms had penetrated only about 11% of the country's total food consumption in 2023, compared with 40% in China and 58% in the US, it said. In a note dated June 2, brokerage firm Morgan Stanley said that online food delivery penetration in India is still in the early stages at around 14% against the 19-21% range for markets such as the US and China, "implying a long runway for growth'. It kept its target price for Eternal's stock at Rs 320 per share, implying a potential upside of 24.5% from the stock's current price. Initiating coverage on Swiggy earlier this month, the brokerage firm pegged its target price for the stock at Rs 405 per share, marking a potential upside of 11.3%. Swiggy's food marketplace CEO Rohit Kapoor, in an interview with ET this month, said that there was a need for a greater level of dialogue between restaurants and aggregators over issues such as platform commissions, but pointed out that the architecture of economics has changed over time. Swiggy is an investor in Rapido.
Time of India
03-06-2025
- Business
- Time of India
Pushing value meals and 10-min food delivery to revive growth: Swiggy's Rohit Kapoor
Amid a slowdown in the food delivery market, aggregators are chasing the next phase of growth with Bengaluru-based Swiggy focusing on three areas to drive demand. These are expanding in delivery-friendly categories , targeting low-frequency users with value options and scaling its 10-minute offering to unlock new use cases, Rohit Kapoor, the company's food marketplace CEO, told ET in an interaction. Rival Eternal's chief executive, Deepinder Goyal, also told ET in a March interview that its food delivery platform Zomato was planning to roll out multiple new initiatives to tackle the slowdown. For the January-March quarter, Swiggy 's food delivery segment marked 17.6% year-on-year growth in gross order value, narrowly missing the lower end of its 18-22% guidance. Zomato posted 16% growth. "There's significant headroom for growth when you look at the broader market landscape. Even in major metros like Delhi-NCR or Bengaluru, penetration levels don't come close to global benchmarks. This isn't just about food delivery…it reflects a gap across the entire food ecosystem,' Kapoor said. 'The real issue lies on the supply side, not the demand side. It often appears to be a consumer problem because consumption trends and income data are easily tracked, but the supply constraints are far less visible." Reviving growth in food delivery is crucial for Swiggy and Eternal, as both companies are investing heavily in their quick commerce businesses — denting the profits from food delivery, which remains their largest revenue driver. Supply-side constraints Kapoor underscored the need for more restaurants to open to address the latent demand for food delivery, which is increasing as a result of systemic long-term changes such as growing GDP per capita, increased participation of women in the workforce and evolution of eating habits. But he also acknowledged the bottlenecks. 'Structurally it's very hard to open a restaurant. The constraints are very local in nature. It's getting better but still not there yet. The biggest acceleration in the food business has come on the back of aggregators,' he said. On one hand there are debates and discussions over commissions, while on the other, operation of cloud kitchens has become much more viable, he said. Admitting the need for a greater level of dialogue between restaurants and aggregators over issues such as platform commissions, Kapoor said the architecture of economics has changed over time. 'I acknowledge there's a dialogue to be had, but like any industry, there's a normal curve…some players are deeply profitable, others are not. You have to look at the full picture. For instance, in a world without aggregators, opening a restaurant in Bengaluru meant a 2-3 km catchment area. Today, that's expanded to 10 km. The market has grown fourfold (for a restaurant) without a single rupee of added capex (capital expenditure),' he said. To cover the whole of Bengaluru, restaurant chains would need to open 40 outlets if aggregators were not present, he said, adding that with the platforms, they could do it with 8-10 restaurants. 'There's a cost to delivery, and someone has to bear it because consumers aren't willing to pay the full price. It's a shared cost. The commission we charge is visible, but the loss we incur on delivery isn't,' Kapoor said. 'Our industry has two players, who are doing decently well, but it's not a supernormal profit situation at all.' Next phase of growth Online food delivery, which is present in around 700 cities in India, is unlikely to see further growth from geographical expansion, Kapoor said. 'The growth in food delivery will not come from geographic expansion anymore. It's there in roughly 700 cities already. The density of cities is increasing, which is a much bigger vector of growth,' he said. 'More and more categories will have to become delivery friendly. A few years ago tea or coffee wasn't a delivery friendly category but now the restaurant industry has figured it out.' He also pointed out that the segment will find growth from a push towards value — something which Swiggy is experimenting on. 'The growth is not going to come from the highest frequency user ordering more. It is going to come from 'new-to-category' consumers or low frequency consumers,' he said. The company, which went public last year, has launched value offerings targeted at students and junior-level corporate employees. Swiggy is doubling down on 10-minute food delivery through its Bolt offering, where it aggregates restaurants doing quick delivery. Bolt, which now contributes 12% to Swiggy's food delivery volumes, is at the heart of the company's push for growth and market share in this segment, ET reported on May 12. 'Quick commerce has shown that anything you deliver fast has legs…and it has reshaped the expectation for everything else. If you look at food, it is as close to an immediate craving that you can ever have from a consumer standpoint and the supply side will have to figure it out,' Kapoor said. 'This opens up more use cases. It's still early days…quick food delivery is where quick commerce was four years ago.'
Economic Times
03-06-2025
- Business
- Economic Times
Rohit Kapoor on Swiggy's food delivery slowdown; Group life insurance gains traction
Happy Tuesday! As the food delivery market cools, aggregators are scrambling to find growth avenues. This and more in today's ETtech Morning Dispatch. Also in the letter: ■ Krutrim AI's uptake struggles ■ ETtech Done Deals■ Tata Electronics' Malaysia foray Pushing value meals and 10-min food delivery to revive growth: Swiggy's Rohit Kapoor Rohit Kapoor, CEO (food marketplace), Swiggy As the food delivery market cools, Swiggy is turning to quick meals, affordable combos, and deeper city penetration to stoke demand. What's happening: In an exclusive interview with ET, Swiggy's food marketplace CEO Rohit Kapoor said growth will now come from low-frequency users and category innovation, not merely from city expansion. He also called for a more open dialogue between platforms and restaurants on commissions. Swiggy is focusing on three key growth drivers in food delivery: Expanding delivery-friendly categories Drawing low-frequency users into the fold with value bundles Scaling 10-minute deliveries via its Bolt platform By the numbers: Swiggy's food delivery GOV grew 17.6% YoY in Q4 Bolt now accounts for 12% of Swiggy's delivery volumes Food delivery covers around 700 cities; density, not geography, is now the focus Also Read: How Swiggy and Zomato are dealing with the slowdown in food delivery Why it matters: With quick commerce eating into food delivery profits, Swiggy and Zomato are under pressure to revive their core businesses. Kapoor says there's latent demand to tap — but unlocking it depends on restaurant supply, better aggregator-partner dynamics, and faster fulfilment. On restaurant partners: Aggregators' ties with restaurant partners have been strained in recent years over the commissions rates. Kapoor acknowledged the need for more conversation, but argued the current narrative often overlooks the larger economic shift aggregators have enabled. Also Read: Swiggy Food CEO Rohit Kapoor sees Bolt as core future offering New-age life insurance firms tap group products to boost business Acko, Go Digit and CreditAccess, three new-age life insurance players licensed in 2023, have completed their first full financial year in FY25. Industry data shows that in their initial phase, all three have leaned heavily on group insurance policies to drive early growth. Driving the news: Data sourced from the Life Insurance Council reveals sharp contrasts in their premium collections. Acko has written life insurance premiums worth Rs 63 crore. Go Digit has crossed Rs 1,000 crore. CreditAccess has processed close to Rs 200 crore in life insurance premiums. Different paths: Go Digit continues to scale rapidly in general insurance, while Acko is betting on a digital-first, direct-to-consumer model to disrupt traditional distribution. Beyond the numbers: Early trends suggest that the trio have focused on employer-employee group life products and credit-linked insurance policies. Why this strategy? It allows for quick ramp-up in premium volumes It helps test systems and processes for corporate sales, ahead of a retail push. It ensures a smoother claims settlement experience for customers. Challenges remain: While these players made waves in general insurance, industry insiders say life insurance will be a tougher battleground. Why is that? Trust takes longer to build in life insurance Higher ticket size products need more persuasion and often, physical intermediation. Claims settlement is complex and often requires last-mile human support Also Read: Go Digit General Insurance doubles net profit in Q4 FY25; posts third straight profitable year Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: ETtech Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and employees. The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Interested? Reach out to us at spotlightpartner@ to explore sponsorship opportunities. Krutrim finds few takers for its LLMs and cloud products Bhavish Aggarwal, founder, Krutrim In a setback to Bhavish Aggarwal and the broader Indian AI ambitions, several founders and investors told ET that Krutrim large language models (LLMs) and cloud offerings have received a lukewarm response from the market. Driving the news: Krutrim, the AI venture backed by the Ola group, became India's first AI unicorn in 2024, after raising $50 million at a $1 billion valuation. But the company has since faced product roadblocks and leadership churn. Founders cited poor documentation as a key issue with Krutrim's products. They also flagged a lack of technical maturity. Many startups continue to prefer established hyperscalers like Google Cloud and Amazon Web Services. More than 20 employees have exited the company since 2024. Tell me more: Krutrim offers a chatbot and cloud services, but usability issues persist. Two founders reported difficulties simply logging into the chatbot. Similar issues surfaced with Krutrim AI model also suffers from high latency, which refers to response time, deterring potential users. In tests reviewed by ET, Krutrim's AI chatbot took 41 seconds to generate a response to a single prompt. In contrast, ChatGPT-4o and DeepSeek responded in under 10 seconds. Also Read: Social media abuzz about toxic work culture at Ola Krutrim after employee's 'suicide' ETtech Done Deals Vaibhav Gupta, CEO, Udaan Udaan closes latest funding round at $114 million: B2B ecommerce platform Udaan has raised $114 million in a fresh funding round led by existing investors, M&G Prudential (UK) and Lightspeed Venture Partners. Round details: The round closed at a flat valuation of $1.8 billion and includes the previously disclosed $75 million investment from the same two investors, which founder and CEO Vaibhav Gupta announced at a town hall earlier this year. Furniture retailer Pepperfry raises Rs 43 crore: Omnichannel furniture and home goods company Pepperfry has raised Rs 43.3 crore from existing investors Norwest Venture Partners, Goldman Sachs, General Electric Pension Trust, Growth Equity Opportunity Fund, and Panthera Growth Partners, among others. Wealthtech startup Stable Money raises $20 million: Wealthtech startup Stable Money, which provides digital fixed-return investment products, has raised $20 million (Rs 173 crore) in a funding round led by Infosys cofounder Nandan Nilekani's Fundamentum Partnership. Other Top Stories By Our Reporters Tata Electronics eyes Malaysia foray via chip fab acquisition: Tata Electronics is in talks with several global semiconductor companies including X-Fab, DNeX and Globetronics to acquire a fabrication or outsourced semiconductor assembly and test (OSAT) plant in Malaysia. Infosys paid CEO Salil Parekh Rs 80.62 crore as salary in FY25: Indian IT major Infosys chief executive officer (CEO) Salil Parekh received a 22% rise in his annual compensation to Rs 80.6 crore for the fiscal year 2024-25 ending March, the company's annual report showed. Nykaa shares drop over 5% despite strong Q4 performance: Shares of Nykaa parent FSN E-commerce declined as much as 5.11% to 192.85 a piece during Monday's trade. The scrip closed 4.33% lower at Rs 194.45 per share, compared to a 0.09% decline in the benchmark Sensex. The counter opened 1.1% lower at Rs 201, against the previous closing of Rs 203.25 on the BSE. Tesla unlikely to make in India: All you need to know | Electric vehicle maker Tesla, helmed by Elon Musk, is not keen on manufacturing in India despite the government wooing it aggressively through policy incentives. Global Picks We Are Reading ■ A Neuralink rival just tested a brain implant in a person (Wired) ■ 'Humanity deserves better': Jony Ive and Laurene Powell Jobs on tech's next chapter (FT) ■ This giant microwave may change the future of war (MIT Technology Review) Updated On Jun 03, 2025, 07:21 AM IST
Time of India
03-06-2025
- Business
- Time of India
Rohit Kapoor on Swiggy's food delivery slowdown; Group life insurance gains traction
Rohit Kapoor on Swiggy's food delivery slowdown; Group life insurance gains traction Want this newsletter delivered to your inbox? Also in the letter: Pushing value meals and 10-min food delivery to revive growth: Swiggy's Rohit Kapoor What's happening: Expanding delivery-friendly categories Drawing low-frequency users into the fold with value bundles Scaling 10-minute deliveries via its Bolt platform By the numbers: Swiggy's food delivery GOV grew 17.6% YoY in Q4 Bolt now accounts for 12% of Swiggy's delivery volumes Food delivery covers around 700 cities; density, not geography, is now the focus Also Read: Why it matters: On restaurant partners: Also Read: New-age life insurance firms tap group products to boost business Driving the news: Acko has written life insurance premiums worth Rs 63 crore. Go Digit has crossed Rs 1,000 crore. CreditAccess has processed close to Rs 200 crore in life insurance premiums. Different paths: Beyond the numbers: It allows for quick ramp-up in premium volumes It helps test systems and processes for corporate sales, ahead of a retail push. It ensures a smoother claims settlement experience for customers. Challenges remain: Trust takes longer to build in life insurance Higher ticket size products need more persuasion and often, physical intermediation. Claims settlement is complex and often requires last-mile human support Also Read: Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Krutrim finds few takers for its LLMs and cloud products Driving the news: Founders cited poor documentation as a key issue with Krutrim's products. They also flagged a lack of technical maturity. Many startups continue to prefer established hyperscalers like Google Cloud and Amazon Web Services. More than 20 employees have exited the company since 2024. Tell me more: Also Read: ETtech Done Deals Udaan closes latest funding round at $114 million: Round details: Furniture retailer Pepperfry raises Rs 43 crore: Wealthtech startup Stable Money raises $20 million: Other Top Stories By Our Reporters Tata Electronics eyes Malaysia foray via chip fab acquisition: Infosys paid CEO Salil Parekh Rs 80.62 crore as salary in FY25: Nykaa shares drop over 5% despite strong Q4 performance: Tesla unlikely to make in India: All you need to know | Global Picks We Are Reading Happy Tuesday! As the food delivery market cools, aggregators are scrambling to find growth avenues. This and more in today's ETtech Morning Dispatch.■ Krutrim AI's uptake struggles■ ETtech Done Deals■ Tata Electronics' Malaysia forayRohit Kapoor, CEO (food marketplace), SwiggyAs the food delivery market cools, Swiggy is turning to quick meals , affordable combos, and deeper city penetration to stoke an exclusive interview with ET, Swiggy's food marketplace CEO Rohit Kapoor said growth will now come from low-frequency users and category innovation, not merely from city expansion. He also called for a more open dialogue between platforms and restaurants on is focusing on three key growth drivers in food delivery:With quick commerce eating into food delivery profits, Swiggy and Zomato are under pressure to revive their core businesses. Kapoor says there's latent demand to tap — but unlocking it depends on restaurant supply, better aggregator-partner dynamics, and faster ties with restaurant partners have been strained in recent years over the commissions rates. Kapoor acknowledged the need for more conversation, but argued the current narrative often overlooks the larger economic shift aggregators have Go Digit and CreditAccess, three new age life insurance players licensed in 2023, have completed their first full financial year in FY25. Industry data shows that in their initial phase, all three have leaned heavily on group insurance policies to drive early sourced from the Life Insurance Council reveals sharp contrasts in their premium Digit continues to scale rapidly in general insurance, while Acko is betting on a digital-first, direct-to-consumer model to disrupt traditional trends suggest that the trio have focused on employer-employee group life products and credit-linked insurance policies. Why this strategy?While these players made waves in general insurance, industry insiders say life insurance will be a tougher battleground. Why is that?ETtech Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship Aggarwal, founder, KrutrimIn a setback to Bhavish Aggarwal and the broader Indian AI ambitions, several founders and investors told ET that Krutrim large language models (LLMs) and cloud offerings have received a lukewarm response from the the AI venture backed by the Ola group, became India's first AI unicon in 2024, after raising $50 million at a $1 billion valuation . But the company has since faced product roadblocks and leadership offers a chatbot and cloud services, but usability issues persist. Two founders reported difficulties simply logging into the chatbot. Similar issues surfaced with Krutrim AI model also suffers from high latency, which refers to response time, deterring potential users. In tests reviewed by ET, Krutrim's AI chatbot took 41 seconds to generate a response to a single prompt. In contrast, ChatGPT-4o and DeepSeek responded in under 10 Gupta, CEO, UdaanB2B ecommerce platform Udaan has raised $114 million in a fresh funding round led by existing investors, M&G Prudential (UK) and Lightspeed Venture round closed at a flat valuation of $1.8 billion and includes the previously disclosed $75 million investment from the same two investors, which founder and CEO Vaibhav Gupta announced at a town hall earlier this furniture and home goods company Pepperfry has raised Rs 43.3 crore from existing investors Norwest Venture Partners, Goldman Sachs, General Electric Pension Trust, Growth Equity Opportunity Fund, and Panthera Growth Partners, among startup Stable Money, which provides digital fixed-return investment products, has raised $20 million (Rs 173 crore) in a funding round led by Infosys cofounder Nandan Nilekani's Fundamentum Electronics is in talks with several global semiconductor companies including X-Fab, DNeX and Globetronics to acquire a fabrication or outsourced semiconductor assembly and test (OSAT) plant in IT major Infosys chief executive officer (CEO) Salil Parekh received a 22% rise in his annual compensation to Rs 80.6 crore for the fiscal year 2024-25 ending March, the company's annual report of Nykaa parent FSN E-commerce declined as much as 5.11% to 192.85 a piece during Monday's trade. The scrip closed 4.33% lower at Rs 194.45 per share, compared to a 0.09% decline in the benchmark Sensex. The counter opened 1.1% lower at Rs 201, against the previous closing of Rs 203.25 on the vehicle maker Tesla, helmed by Elon Musk, is not keen on manufacturing in India despite the government wooing it aggressively through policy incentives.■ A Neuralink rival just tested a brain implant in a person ( Wired ■ 'Humanity deserves better': Jony Ive and Laurene Powell Jobs on tech's next chapter ( FT ■ This giant microwave may change the future of war ( MIT Technology Review
