Markets trade lower after firm start, fresh foreign fund outflows dent sentiment
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Wire
12 minutes ago
- The Wire
Coated Lens – The Platform Connecting Creative Professionals with Brands & Clients – Launches Creative Clash 2025
Hyderabad, Telangana, India (NewsVoir) Coated Lens, a dynamic new platform designed to bridge the gap between creative professionals and clients, is redefining how talent meets opportunity across India's thriving creative economy. Whether it's photography, videography, cinematography, editing, motion graphics, or graphic designing, Coated Lens provides a powerful stage to showcase their work, attract clients, and grow their creative business. For brands, agencies, and individuals seeking top-tier talent, Coated Lens offers a curated network of professionals, enabling seamless discovery and direct connection through the app for project collaborations, all within a user-friendly, commission-free environment. The platform is available now on both the Google Play Store and Apple App Store. Creative Clash 2025: India's Premier Talent Showdown is Now Live To mark its launch, Coated Lens proudly announces Creative Clash 2025, a nationwide creative competition designed to spotlight India's boldest visual artists. Open to professionals in Photography, Videography, Editing, Graphic Design, and Motion Graphics. Creative Clash 2025 invites creators to submit their best work, showcase their signature style, and compete for national recognition. With a total prize pool worth Rs. 30 Lakhs, including a 1-Year Adobe Creative Cloud Subscription for winners and a 6 month Coated Lens App subscription for all the participants, the competition aims to empower creative professional with resources, visibility, and industry credibility. Participation comes at a nominal registration fee of Rs. 999/- (including GST). 'Creative Clash 2025 isn't just a contest, it's a movement. We're creating a platform where true craft gets the attention it deserves,' said Vamsee Krishna, Bhattiprolu Founder of Coated Lens. 'Our mission is to celebrate authenticity, elevate Indian creative talent, and offer a space where work isn't judged by likes, but by skill, story, and originality.' Entries are now open via the Coated Lens App under the 'Events' section. Participants can choose their category, and submit their recent works for jury review. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.).
Time of India
12 minutes ago
- Time of India
Ixigo Sees 73% Surge in its Q1 Revenue, Net Profit at ₹19cr
Le Travenues Technology , the parent company of online travel aggregator Ixigo, saw its operating revenue increase by 73 per cent year-on-year (YoY) to Rs 314 crore for the quarter ended June on account of growth across all lines of business, effective cross-selling and up-selling to its user base, and artificial intelligence (AI)-driven efficiency. The company posted a net profit of Rs 19 crore for the quarter, marking a 27 per cent rise from Rs 15 crore in the same period last year. According to group CFO Saurabh Devendra Singh, this factors in certain one-off items, including a Rs 2 crore share of loss from associate company Fresh Bus, whereas Q1FY25 had included revaluation gains and other adjustments. "If I were to compare on a like-for-like basis by excluding all these items in both periods, our profit before tax would have increased by 76.2 per cent from Rs 16.2 crore to Rs 28.7 crore," said Singh. The company's total expenses, however, rose to Rs 293 crore in the June quarter from Rs 168 crore in the same period last year. A significant amount of the expenditure was attributed to employee benefits and other expenses. "Q1 FY26 had a few events that impacted the aviation market in India and the region," said Aloke Bajpai, cofounder and chief executive, during a post-earnings analysts call on Wednesday. This includes Operation Sindoor and the resulting airspace closures in North India, the recent AI171 crash, airspace shutdowns in Pakistan, disruptions in the Middle East during the Iran-Israel tensions, and Air India's voluntary reduction of international wide-body flights for safety checks.
Time of India
12 minutes ago
- Time of India
Paytm shares hit Rs 1,000-mark on business recovery, revenue growth
After taking a sustained hammering on the bourses in the wake of its regulatory challenges, Paytm parent One 97 Communications ' shares have bounced stock has rallied 117% in the past 12 months, compared to a 1.9% rise in the Sensex. It is trading close to its 52-week high of Rs 1,063 per share, seen in mid-December company's shares touched the Rs 1,000-mark for the first time in six months on Wednesday, during a five-day rally. The stock cooled off in Thursday's session amid selling counter opened at Rs 1,005.25 apiece on the BSE today, against the previous close of Rs 1,004.50 per share. The stock closed at Rs 999, down 0.55%, against a 0.45% decline in the benchmark Sensex. Paytm has been recovering after being hit by regulatory actions last year. The company got approval from the National Payments Corporation of India (NPCI) last October to restart onboarding Unified Payments Interface (UPI) customers after an eight-month ban. The licence came after the Reserve Bank of India advised the UPI operator to review Paytm's request to become a third-party application provider (TPAP) and diversify app providers to reduce concentration then, the digital payments platform has been working to add UPI customers through its partner banks: Yes Bank HDFC Bank and State Bank of India The company is also gradually improving its business metrics, led by healthy momentum in the merchant business, according to brokerage Motilal Oswal. Meanwhile, disbursement volumes and gross merchandise value (GMV) are also growing at a steady of customer onboarding, a stable number of monthly transacting users (MTUs), and continued recovery in the financial services business are likely to drive healthy growth in revenues for Paytm, analysts at Motilal Oswal parent saw its consolidated net loss slightly narrow to Rs 540 crore in the three months ended March 2025, from a Rs 550 crore loss in the same quarter last year. The company had stated that its bottom line, without exceptional losses, is at a breakeven point. For the March quarter, Paytm recorded exceptional losses of Rs 522 crore, including a one-time Esop cost of Rs 492 crore Paytm's Esop cost is expected to drop to Rs 75 crore in the June quarter, from Rs 169 crore in the March quarter. The company said it achieved an operational profit of Rs 81 crore, after excluding Esop costs, in the March revenue declined 16% year-on-year to Rs 1,912 crore in Q4FY25 from Rs 2,267 crore a year ago. The company is scheduled to post its financial results for the June quarter on July has expressed strong confidence in its merchant loan distribution business, where it assists with both distribution and company has now begun providing a Default Loss Guarantee (DLG) for select portfolios with specific lenders. This move, according to Paytm, will help expand its merchant base and enhance its financial services revenue in the long factoring in the cost of DLG, Paytm's contribution margin (excluding UPI incentives) has grown to 54%, on improved payment processing margins and rising high-margin financial services income. The company expects these margin trends to continue. Contribution margin refers to the revenue left with a payments platform after deducting variable costs for processing the transactions.
