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BNP Paribas has maintained an overweight rating on Larsen & Toubro (L&T), citing a robust order inflow growth projected to exceed 15% this year, driven by a significant offshore contract from QatarEnergy LNG. The firm anticipates EBITDA margins to rise from 8.3% to 8.6% next year, supported by major projects and improved working capital management. Additionally, confidence in JSW Infrastructure's growth prospects was expressed, with projected EBITDA reaching ₹90-100 billion by FY30.
Venture capitalists face the challenge of managing relationships with numerous limited partners (LPs), often juggling between 25 to 49 LPs for funds of US$1 million to US$10 million. Effective communication strategies and delivering value beyond financial returns are crucial for maintaining these investor relationships.In other news, Samsung has been ordered to pay US$601 million in back taxes in India due to alleged tariff violations, while BMW partners with Alibaba to develop an AI engine for future vehicles. Additionally, several startups have secured significant funding, including Apna Mart with US$25 million and TARS with US$120 million.
One in five ultra-high-net-worth individuals in India is planning to migrate abroad while retaining their citizenship, with a preference for permanent settlement. Professionals are more inclined to relocate than entrepreneurs or inheritors, particularly those aged 36-40 and over 61. As India's ultra-rich population is set to grow significantly, many are diversifying their investments globally, especially in residential real estate, driven by better opportunities and financial security abroad.
The Maharashtra government has eliminated the 6% tax on electric vehicles priced above INR 30 lakh. This decision aims to promote the adoption of electric vehicles in the state, making them more accessible to consumers. The move is expected to boost the EV market significantly.
Vahdam India, a direct-to-consumer tea brand founded in 2015, has secured $3 million (25 crore rupees) from SIDBI Venture Capital in a strategic investment, not part of a formal fundraising round. The Delhi-based startup sources tea from partner farmers across India and processes it at its own facility, operating in international markets including the US, Canada, the UK, and Europe through wholly owned subsidiaries.
Country Delight, a farm-fresh startup, has secured $25 million in a series E funding round from Temasek's subsidiary, V-Sciences Investments. The company plans to use the funds for working capital and a miscellaneous project, following its expansion from milk delivery to groceries, fruits, and vegetables since its founding in 2015.
Indian ecommerce platform Meesho has reported profitability for FY24, becoming the first horizontal platform in the country to achieve this milestone. The company recorded a positive free cash flow of 197 crore rupees (US$23.64 million) and a 97% reduction in adjusted losses, which fell to 53 crore rupees (US$6.36 million). By December 2024, Meesho had approximately 187 million annual transacting users and reported 1.3 billion orders placed between April and December 2024.
Country Delight has successfully raised ₹212.5 crore in its Series E funding round, with Temasek as the lead investor. This significant investment underscores the growing interest in the company and its potential in the market.
D2C tea brand Vahdam has successfully secured INR 25 crore in funding. This investment marks a significant milestone for the company as it continues to expand its presence in the market. The brand is recognized for its premium tea offerings and innovative approach to direct-to-consumer sales.
VAHDAM India has successfully secured ₹25 Crore in funding from SIDBI Venture Capital. This investment marks a significant milestone for the company as it continues to expand its operations and enhance its market presence. The funding will support VAHDAM's growth initiatives and product development.
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bnp paribas optimistic on l and t's order growth and margin expansion
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Meesho achieves profitability in fiscal year 2024 with significant growth
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