Info Edge’s 10X Startup Goldmine
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🗞️ Info Edge bags 10X gains from early bets
Info Edge has turned its ₹3,959 crore investments in startups like Zomato, Policybazaar, and Naukri into multi-bagger wins. The early-backer strategy continues to pay off as digital platforms scale.
🔍 Expert Take:
“Info Edge has set the gold standard for patient capital. Their exits prove the case for domestic VC maturity,” said a fintech investor at Blume Ventures.
🗞️ India’s services PMI surges to 58.7
India’s services PMI rose to 58.7 in April, signaling strong expansion in business activity. The increase was led by a sharp rise in export orders and domestic demand, reinforcing optimism for India’s Q1 FY26 growth momentum.
🗞️ RBI forex income to boost govt payout
The RBI’s forex income is expected to rise sharply in FY25, lifting its dividend payout to the Centre. Gains from interest income on rising U.S. yields and dollar holdings are set to support fiscal math.
🗞️ Fiverr CEO issues AI wake-up call
In an internal note, Fiverr CEO Micha Kaufman urged employees to adapt quickly to AI tools or risk obsolescence. Kaufman emphasized that freelance talent must embrace AI augmentation to stay competitive.
🗞️ Trump’s pharma order may hit Indian exports
A new executive order by Donald Trump could disrupt Indian pharma exports to the U.S., as it mandates local production of essential drugs. The move may reshape global supply chains, forcing Indian manufacturers to localize or shift strategy.
🔍 Expert Take:
“This policy has echoes of 2020's America First agenda. Indian exporters will need to navigate geopolitical risks smartly,” said a global trade consultant.
🗞️ Q4 results preview: All eyes on Coal India, PNB
Markets await a packed earnings day with companies like Coal India, PNB, Dabur, Tata Chemicals reporting today. Analysts expect solid numbers in FMCG and PSU banking, but margin pressures could weigh on manufacturing.
🗞️ RBI slows gold repatriation pace
The RBI is slowing the pace of bringing gold reserves back from overseas vaults. While India repatriated ~100 tonnes in recent years, new movements have paused due to storage and security assessments.
🗞️ Rupee drops as India hits terror camps
The rupee opened lower at 84.62/USD after reports of India conducting precision strikes on terror camps across the LoC. Markets are watching geopolitical reactions closely.
📈 Market Updates (May 7, 2025)
📊 Sensex: 80,921.44 🔼 +0.35%
📊 Nifty 50: 24,461.20 🔼 +0.34%
💵 USD/INR: ₹84.62 🔽
🪙 Gold (24K): ₹9,671/gm 🔽
🪙 Silver: ₹96.20/gm 🔽
🛢️ Brent Crude: $62.04/barrel 🔼