Nokia maker HMD is reportedly planning to launch Barbie-themed flip phones in July in collaboration with Mattel, reported Verge. The release is expected to be a part of a broader lineup for the summer, including a new Nokia-branded retro feature phone and more.
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Peak XV, formerly known as Sequoia Capital India and South East Asia, announced on Monday that it has launched a new start-up cohort, Spark 03, which includes 14 companies and 16 female founders. The venture capital firm issued a statement and stated that the cohort was dominated by artificial intelligence (AI) with four firms, and four companies in healthtech, while the remaining firms in the group dealt with building software as a service (SaaS), consumer and B2B platforms, reported PTI.
The Indian rupee appreciated 2 paise to touch 82.89 against the US dollar in early trade on Monday owing to foreign funds inflow and dampening crude oil prices in the global market. Forex traders noted that investors remained cautious as India and the US are expected to release macroeconomic data like inflation in the week. At the interbank foreign exchange, the domestic unit opened at 82.88 against the American currency and declined to 82.89 against the US dollar. In the last trading session on Friday, the rupee closed 6 paise lower at 82.91 against the greenback.
The stock markets continued to slip in the morning trading session, after beginning the day in red. As of 10:27 AM, the BSE Sensex traded below the 73K mark at 72,858.75, down by about 285 points, while the NSE Nifty50 touched 22,137.30, slipping almost 75 points.
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The stock markets started the week by reversing in the early morning trade. Both the key equity benchmarks slid in the morning, with the BSE Sensex slipping about 121.20 points to touch 73,021.60.
As the trading session started, markets continued to showcase the same sentiment and declined further. As of 10:05 AM, the BSE Sensex dropped almost 300 points to trade below the 73K mark at 72,853.60, while the NSE Nifty50 tested the 22K level and traded at 22,131.20, down by 81.50 points.
The markets exhibited volatility last week, however, maintained an upward trend. In the last trading session on Friday, the Sensex and Nifty pared their gains and closed flat amid profit booking in the second half of the trading session. The BSE Sensex settled at 73,143, 15 points down, while the NSE Nifty50 closed the session at 22,213, down 5 points.
Official data from the depositories revealed that foreign portfolio investors (FPIs) poured in over Rs 18,500 crore in the debt markets in India in February, as of last Friday. However, the investors remained cautious about Indian equities and dumped equities worth Rs 424 crore during the reporting period.
Providing an insight on the market movements, Kislay Upadhyay, smallcase Manager and Founder, Fidelfolio, said, “With introduction of India in global bond indices this year, Indian debt inflows should get steady flows going ahead. Also, further front-loading before actual inclusion in June this year is also expected. This is also in line with long-term aim to deepen our underdeveloped debt-markets.” With the investment of Rs 18,589 crore in the debt markets, the overall FPI influx in the segment crossed Rs 38,426 crore in 2024. Further, investors will keenly observe the quarterly GDP numbers for India and the US, scheduled to be released in the latter half of the week.