&w=3840&q=100)
Acer Nitro Lite 16 with 13th Gen Intel chip, Nvidia RTX 4050 GPU launched
Acer Nitro Lite 16
New Delhi
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
5 minutes ago
- Economic Times
Listed fintechs cut marketing spends to boost fundamentals
ETtech Listed fintech startups undertook major cuts in marketing and promotional expenses in the past few quarters in a bid to achieve profitability in their core business or strengthen business fundamentals in a tough environment, showed stock exchange filings. While One 97 Communications, which runs Paytm, has been on a cost cutting spree, PB Fintech also reduced marketing spends in the past two quarters. It comes even as Paytm reported its first business-driven profitable quarter in June. While achieving revenue growth has been a major challenge in a tough macroeconomic environment, cutting costs at multiple business entities actually helped improve profit. Paytm reported less than Rs 100 crore in marketing spends for the June quarter, 55% less than Rs 221 crore a year ago.'The point is how much can costs be controlled without compromising growth, given competition is severe and consumer-facing platforms need to invest in brand building,' said a senior fintech executive, who did not wish to be Paytm reduced expenses 20% year-on-year in the June quarter, according to the regulatory filings. Its revenue increased 27% to Rs 1,917 crore from Rs 1,501 crore during this period. 'I do think there is always a corner where we are able to find some cost, but they will not be material. So it is not the agenda, so we are not actively pursuing cost cuts, while I'm definitely pursuing whatever (cost) is not necessary to drop it out of the window,' Vijay Shekhar Sharma, chief executive, Paytm, said in response to an analyst question on cost cuts after the June quarter results. Similarly, PB Fintech, which runs insurance marketplace Policybazaar, has reported a gradual reduction in its marketing and advertising expenses over the past two quarters. For October-December 2024, PB Fintech reported marketing expenses of Rs 289 crore, which went down to Rs 277 crore in the March 2025 quarter and further to Rs 253 crore in the June the company is investing heavily in building its new line of businesses, for the core operations the firm has tried to keep its costs to stock market analysts after FY25 results, Policybazaar CEO Sarbvir Singh called out employee costs among the major expense items and said that despite expanding teams through the year, the company kept the spending flat in the last quarter of 2024-25, which helped improve the contribution margin in the business. For Mobikwik, the challenge has also been to ensure revenue growth in the past one year. Its revenue fell almost 21% year-on-year in the June quarter while its overall expenses went down 9% year-on-year. While the Gurgaon-based payments firm does not offer a breakdown of its marketing costs, its broader 'other expenses' category, which includes this head, reduced to Rs 77 crore from Rs 82 crore a year ago. For payments firms, which mostly ride on banks' infrastructure to process digital payments, the rise in business volume comes with a corresponding jump in payment processing charges, one of their major cost lines. For instance, Mobikwik reported a jump in payment gateway costs to Rs 142 crore from Rs 127 crore a year ago. 'Promotional spends is one lever where the management has full control, but again too much reduction of these expenses can hurt business as well, so it will be interesting to see how growth and spends get balanced from here on,' a stock market analyst who tracks fintech startups said on condition of anonymity. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. The airport lounge war has begun — and DreamFolks is losing How Mukesh Ambani's risky bet has now become Reliance's superpower Indian IT firms never reveal the truth hiding behind 'strong' deal wins Did Meesho's Valmo really deliver a knockout punch to e-commerce logistics? Stock Radar: Strides Pharma stock hits fresh 52-week high in July; will the rally continue in August? Dividend yield: A most misunderstood parameter, both by traders & investors; 5 stocks with an upside potential of over 33% Time to buy may be good or bad, but business should be good: 5 mid-caps from different sectors with upside potential of up to 25% For investors who can think beyond Trump: 5 large-cap stocks with an upside potential of up to 36%
Economic Times
5 minutes ago
- Economic Times
IT grappling with cost pressures as pricing shifts from effort to outcomes
India's information technology services industry is facing heightened cost pressures on account of a fundamental shift in its pricing models, especially triggered by the productivity boost from artificial intelligence (AI), said industry executives and industry, which is estimated to have clocked revenue of about Rs 24.3 lakh crore ($283 billion) in 2024-25, is moving towards outcome-based pricing models, they said. With generative AI and Agentic AI boosting productivity by 20-40%, leading to swifter outcomes at lower costs, clients are asking why they are still paying the same per full-time equivalent (FTE). "Pricing is shifting from effort to outcomes, and that means a full-stack transformation-not just of how services are delivered, but how they're sold, priced and measured," said Saurabh Gupta, president, HFS Research. The traditional software services pricing model, he said, has largely revolved around rate-cards, FTEs and T&M . FTE refers to a unit of workload of a full-time working employee where clients pay per person based on the workload. T&M is a billing model where the client pays for the actual time spent and resources used. The announcement last week of the beginning of over 12,000 layoffs by TCS, underscored the pricing pressure in the industry, experts said, adding that IT players are forced to cannibalise their revenues even as they are yet to see returns on investments from their large bets on AI.
Economic Times
5 minutes ago
- Economic Times
Near-term strategy for stocks with high futures rollover
As the Nifty extended its losing streak to the fifth week, traders are treading cautiously with stock-specific action expected to take centre stage. Futures rollovers offer critical clues to near-term positioning with select stock contracts seeing higher-than-usual rollovers into the August series. Here's a look at key stocks showing elevated rollover activity, along with the technical outlook according to analysts. ADVERTISEMENT BULLISH BETS Kaynes Technology India CMP: Rs 6,363 Change in Open Interest (August Series): 14.9% Change in Price (August Series): 3.1% The stock has been witnessing consistent long buildup for the past two trading sessions, signalling sustained buying interest following better-than expected first quarter results. Dhupesh Dhameja, derivatives analyst, Samco Securities, said derivatives data bolsters the bullish outlook, with noticeable unwinding of call positions at the Rs 6,200–Rs 6,300 strikes, while put writers have aggressively added positions near these levels. 'A simultaneous shift in call writing to higher strikes indicates growing trader confidence in the stock's upward trajectory,' he said. ADVERTISEMENT Traders may look to initiate fresh long positions around Rs 6,300–Rs 6,371, targeting an upside of Rs 7,220, he said. The bullish thesis remains intact as long as the stock stays above Rs 5,820. ADVERTISEMENT Jindal Stainless CMP: Rs 704.3 Change in Open Interest (August Series): -0.1% Change in Price (August Series): 1.5% Vipin Kumar, assistant vice president of derivatives and technical research at Globe Capital Market, said JSL has formed a double bottom formation near the support zone of its previous breakout levels, which also coincides with its 100- and 200-day exponential moving averages (DEMA). ADVERTISEMENT 'It has also breached the past couple of weeks' congestion zone on the higher side on a closing basis,' Kumar noted. The company is set to announce its first quarter results this week. Kumar recommends buying August futures in Rs 690–Rs 700 range, for target of Rs 735– Rs 760, with a stop loss at Rs 667. Jio Financial Services CMP: Rs 329.85 Change in Open Interest (August Series): 0.1% Change in Price (August Series): 0.2% ADVERTISEMENT Last week, the stock took support near its 50-day EMA and then witnessed a sharp rebound, said Sudeep Shah, vice-president and head of technical and derivative Research, SBI Securities. 'Currently, all the moving averages and momentum indicators are suggesting strong bullish momentum,' he added. Shah recommends accumulating the stock in the Rs 327–Rs 330 zone, with a stop loss at Rs 314. On the upside, it is likely to test Rs 350, followed by Rs 360 in the short term. BEARISH BETS Indraprastha Gas CMP: Rs 201.8 Change in Open Interest (August Series): 9.1% Change in Price (August Series): -1.6% Chandan Taparia, head of technical and derivatives research at Motilal Oswal Financial Services, said the stock witnessed a short buildup in open interest alongside a price decline, signalling rising bearish bets. 'Additionally, short rollovers were observed, further reinforcing the view of continued weakness in the stock,' Taparia said. He suggests selling IGL August futures for a target of Rs 192, with a stop loss at Rs 207. Dr. Reddy's Laboratories CMP: Rs 1,221.4 Change in Open Interest (August Series): 4.9% Change in Price (August Series): -3.85% Stock has moved from a phase of long unwinding in previous session to a fresh short build-up, indicating shift in sentiment, said Dhameja. 'Stock structure continues to weaken,' he said. 'Breakdown is validated by spike in volumes, surpassing average, confirming strength behind bearish move.' Traders may initiate short positions around Rs 1,220 and consider adding on pullbacks toward Rs 1,232, targeting Rs 1,145. The stop loss is placed at Rs 1,275. Exide Industries CMP: Rs 379 Change in Open Interest (August Series): -0.5% Change in Price (August Series): -1.4% Kumar said Exide is trading below both its long-term and short-term moving averages. 'At the current juncture, it is trading on the verge of a fresh breakdown from its price and trendline support,' he said. 'Going ahead, it is likely to continue its underperformance in the near term till it is trading below Rs 400 and might test Rs 362–Rs 350 levels.' Kumar suggests selling August futures in the Rs 382– Rs 385 range, with a stop loss at Rs 400. Federal Bank CMP: Rs 195.61 Change in Open Interest (August Series): 7.7% Change in Price (August Series): -3.4% Taparia said the stock saw a significant rise in open interest— nearly 8%— alongside a 5% price drop last week, indicating strong short build-up. 'The overall price action also reflects persistent weakness, suggesting that the downward trend may continue in the near term,' he said. Traders may consider selling August futures for a target of Rs 187, with a stop loss at Rs 200. (You can now subscribe to our ETMarkets WhatsApp channel)
