3.5 TONNE TRUCK MARKET
Sequoia Capital says AI bigger opportunity than prior technology waves
In Sequoia’s AI Ascent 2025 event, partners Pat Grady, Sonya Huang, and Konstantine Buhler said that AI is a market opportunity at least 10 times larger than cloud computing.
Trump says US to lift Syria sanctions, secures $600 billion Saudi deal
President Trump initiated his Gulf trip by announcing the lifting of U.S. sanctions on Syria, alongside a substantial $600 billion investment commitment from Saudi Arabia into the U.S. A significant arms package sale to Saudi Arabia, valued at $142 billion, was also confirmed.
India's sugar closing stock sufficient for late-2025 demand despite output drop: NFCSF
Despite an 18.38% drop in India's sugar production to 25.74 million tonnes by mid-May, closing stocks are projected at 4.8-5 million tonnes, sufficient for domestic demand through November 2025. The NFCSF anticipates a production rebound next season due to better monsoon and increased cane sowing. They also urge the government to raise the minimum selling price and support ethanol production.
Commodity Radar: US-China tariff truce leads recovery in Zinc prices. Here’s how to trade it on MCX
On Thursday, May zinc contracts on the MCX were trading at Rs 258.15 per kg, down Rs 2.40 or 0.92% from Wednesday’s close.
Tata Motors partners with Vertelo for leasing solutions for electric CVs
Tata Motors collaborates with Vertelo to provide leasing options for electric commercial vehicles. This partnership aims to help fleet owners switch to sustainable mobility. A Memorandum of Understanding is signed to offer leasing solutions for Tata Motors' electric vehicle range. This collaboration expands access to sustainable transportation solutions.
Deeptech startups snagged $324 million in first four months of the year
Deeptech investments in India have surged, doubling to $324 million in the first four months of 2025, driven by increased commercial use cases and government initiatives. This rising interest has led to greater competition for deals and higher initial investment amounts.
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CoinDCX’s Middle East arm BitOasis launches in Bahrain
The development marks an important milestone for Indian crypto company CoinDCX’s expansion in the Gulf as it targets 1 million user additions by 2026. India’s CoinDCX acquired BitOasis in July 2024.
Iron ore price to remain between $80-100 amid demand slump, supply growth
Global iron ore prices are expected to stay between $80 and $100 per tonne over the next 18 months due to weak demand and slowing economic growth, according to a Moody’s Ratings report on metals and mining. Moody’s said the price range will cap earnings growth for large producers, though most will remain profitable even if prices fall below $80, owing to their low production costs.
Tata Steel shares rally over 3% on Rs 15,000 cr capital expenditure plan
Tata Steel announced a capital expenditure plan of Rs 15,000 crore for FY26, with 80% allocated to Indian operations. The investment will support projects in Kalinganagar, Ludhiana, and Port Talbot, UK. In Q4FY25, Tata Steel posted a 113% YoY rise in net profit to Rs 1,301 crore. The stock has gained over 12% in the past month.
GAIL's Q4 profit falls 6% to Rs 2,049 cr on weaker gas marketing, petchem margins
GAIL (India) Ltd posted a 6% YoY decline in Q4 profit to ?2,049 crore due to petrochemical losses, despite revenue rising 10%. FY25 profit surged 28% to ?11,312 crore, aided by strong performance across segments excluding petchem.
Crypto Gems: Top Crypto Assets To Watch & Buy in May 2025
Bitcoin is trading near its all-time high, boosted by easing tariffs and potential rate cuts. Ethereum is rallying, pulling up the altcoin market. Altcoins excluding the top 10 have gained significantly. Bitcoin dominance is decreasing. DeFi protocols like HYPE, AAVE, and PENDLE show potential. Layer-1 blockchains AVAX and SUI are also promising. FARTCOIN is a memecoin to watch.
Japan's SoftBank Group books $3.5 billion Q4 profit; beats estimates
SoftBank Group reported a net profit of 517 billion yen for January-March, driven by strong performance in its telecommunications holdings and increased valuations in later-stage startups. Vision Fund 1 saw a gain of 940 billion yen, boosted by Bytedance and Coupang. However, Vision Fund 2 experienced a loss of 526 billion yen.
Japan's SoftBank Group books $3.5 billion Q4 profit; beats estimates
The results illustrate the risks and rewards of SoftBank's approach of investing in high-growth technology companies - as well as the complexities that shifting valuations pose to those estimating its earnings. The Vision Fund 1, which invests in later-stage startups, made an investment gain of 940 billion yen, boosted by increases in the fair value of holdings such as TikTok operator Bytedance and ecommerce platform Coupang.
Stock market update: Nifty IT index falls 1.35% in a weak market
The Nifty IT index was trading 1.35 per cent down at 37765.4.
Himadri Chem in talks to buy 10-12% in US battery co
Himadri Speciality Chemical is in advanced discussions to acquire a 10-12% stake in US-based International Battery Company (IBC) for an estimated $10-12 million. This strategic investment aims to strengthen Himadri's position in the new energy sector, providing access to IBC's R&D and simulation expertise.
India exports 4.24 lakh tonnes sugar till April of this year: AISTA
India has exported 4.24 lakh tonnes of sugar up to April in the current marketing year, with Somalia being the top importer at 92,758 tonnes. Out of the permitted 10 lakh tonnes for export, the All India Sugar Trade Association anticipates reaching 8 lakh tonnes.
Pakistan stock market rallies over 9% after military calls truce with India
Following a ceasefire announcement by Pakistan's military, the KSE 100 index surged over 9% after facing pressure due to escalating India-Pakistan tensions and recent terrorist attacks. Indian markets also rallied, with Sensex and Nifty rising more than 2.7%. Analysts caution that the bullish sentiment hinges on the ceasefire's continuation and sustained foreign investment.
Adani Group deploys India's 1st hydrogen-powered truck for mining logistics
Adani Group has launched India's first hydrogen-powered truck for mining logistics in Chhattisgarh, capable of carrying 40 tonnes over 200 km. This initiative, a collaboration with energy technology firms and an auto manufacturer, aims to replace diesel vehicles and promote cleaner transportation.
Govt sets record foodgrains production target for 2025-26 crop year at 354.64 million tn
India aims for a significant increase in foodgrain production, targeting 354.64 million tonnes in the 2025-26 crop year, driven by anticipated favorable monsoon rains. This ambitious goal surpasses the current year's target of 341.55 million tonnes. Rice production is projected to reach 147.35 million tonnes, while wheat production is set at 117.40 million tonnes.
Pimco, BlackRock to take part in SP Group's $3.5 billion fundraise
The Shapoorji Pallonji Group's $3.5 billion funding round, the largest private credit transaction in Asia, is set to close early next week, attracting first-time investors like Pimco and BlackRock. Driven by strong investor demand, the deal's non-convertible debentures offer a 19.75% coupon. The funds will refinance existing liabilities and support group operations, with existing investors also participating.
Commercial vehicle startup 91Trucks raises $5 million from Arkam Ventures, existing investors
Commercial vehicle platform 91Trucks secured $5 million in Series A funding led by Arkam Ventures to enhance its technology, expand its team, and establish over 20 brick-and-mortar retail stores. The company aims to organise the small commercial vehicle segment, offering end-to-end support for used-truck buyers.
RBI bumper Rs 3.5 trillion payout to help offset weak revenues, analysts say
Reserve Bank of India may give a record dividend to the government. This could offset tax revenue shortfalls due to slow growth. Economists predict a payout between 3 to 3.5 trillion rupees. The windfall will help bridge the gap in tax collections. Government can use this to increase spending on social welfare.
Stocks in news: L&T, Titan, Asian Paints, Coal India, Dabur, Kfin Tech
Shares of L&T, Titan, Asian Paints, Britannia, Canara Bank and Kalyan Jewellers will be in focus as the companies will announce their fourth quarter results today.
Ministry tells parliamentary panel of Namami Gange successes, gaps in waste management
The Namami Gange programme has significantly improved the Ganga's water quality, meeting bathing standards in most stretches except for two areas in Uttar Pradesh. The initiative has also eliminated fish mortality since 2017 and conserved groundwater. However, the report highlights a considerable gap in achieving Extended Producers Responsibility targets for battery and plastic waste management across the nation.
Elon Musk’s xAI to roll out Grok 3.5 beta to SuperGrok subscribers, takes on Alibaba’s Qwen3
Elon Musk’s xAI will soon release the beta version of Grok 3.5 to SuperGrok subscribers, positioning it against Alibaba’s newly launched open-source Qwen3 models. While Qwen3 emphasizes openness and multilingual support, Grok 3.5 focuses on advanced reasoning and integration within xAI’s proprietary ecosystem. The AI rivalry continues to intensify.
Mahindra to buy nearly 59% stake in SML Isuzu for Rs 555 crore at deep discount
Mahindra & Mahindra (M&M) is set to acquire a 58.96% stake in SML Isuzu for ?555 crore, aiming to bolster its presence in the commercial vehicle segment. This acquisition includes Sumitomo Corporation's entire stake and part of Isuzu Motors' holding. M&M will also launch an open offer for an additional 26% stake.
SML Isuzu acquisition to help M&M scale up its CV biz: MD & CEO Anish Shah
Mahindra & Mahindra's acquisition of SML Isuzu aims to establish a strong fourth position in the over 3.5-tonne truck and bus segment, targeting a 10-12% market share within five years. This deal will boost Mahindra's presence in the 5-12 tonne bus category to 21% and accelerate its entry into the electric bus market, leveraging SML Isuzu's EV advancements.
With SML Isuzu acquisition, Mahindra eyes bigger play in more than 3.5 tonne truck, bus market
Mahindra & Mahindra will acquire a majority stake in SML Isuzu. This acquisition aims to make Mahindra a significant player in the truck and bus segment. The deal will also boost Mahindra's presence in the electric bus market. Mahindra targets a substantial market share increase in the coming years.
Proposed Rs 555 cr acquisition of SML Isuzu strong strategic fit for company: M&M
Mahindra & Mahindra's acquisition of a majority stake in SML Isuzu for Rs 555 crore will help the company expand in the commercial vehicle segment. The company aims to increase its market share significantly by FY36. The deal includes stakes from Sumitomo and Isuzu, with an open offer to follow.
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