Latest news with #GauravSeth
Time of India
12-08-2025
- Business
- Time of India
Ahmedabad spacetech firm joins consortium for indigenous satellites
1 2 Ahmedabad: India's first fully indigenous commercial earth observation (EO) satellite constellation is taking shape, and Ahmedabad is playing a starring role. PierSight Space, a spacetech firm from the city, has joined a four-member private consortium selected by Indian National Space Promotion and Authorisation Centre (IN-SPACe), under the department of space, to build and operate the network. The Rs 1,200 crore project, under a pioneering public-private partnership (EO-PPP) model, will deploy 12 satellites equipped with synthetic aperture radar (SAR) for round-the-clock imaging in all weather. The consortium is led by PixxelSpace India and also includes Satsure Analytics India and Dhruva Space. Officials of IN-SPACe, headquartered in Ahmedabad, said that for the first time in India's space history, a private grouping will fund, design, build, and operate such a system, with the constellation expected to be launched over the next five years. The resulting EO data will serve critical sectors including climate change monitoring, disaster management, agriculture, infrastructure, marine surveillance, national security, and urban planning, said experts. Gaurav Seth, co-founder and CEO of PierSight, said their primary task will be to develop SAR technology, which allows Earth observation round the clock, in all weather conditions. "This programme ensures that India's critical sectors will no longer have to wait for foreign data or compromise on timelines. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Your Finger Shape Says a Lot About Your Personality, Read Now Tips and Tricks Undo Our constellation will put sovereign EO capabilities into the hands of Indian decision-makers, ensuring security, speed, and self-sufficiency," he said. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad | Gold Rates Today in Ahmedabad | Silver Rates Today in Ahmedabad Vinit Bansal, PierSight's co-founder and CTO, added that the mission goes beyond capturing images. "The real game-changer will be the context built over time, enabling insights that can drive both public and private sector decisions." Experts point to real-world applications such as mapping flood zones and detecting landslides after a cloudburst, like the recent one in Uttarakhand, or monitoring crops during the monsoon when cloud cover hampers optical satellites. SAR data can also support industries such as mining, infrastructure, and logistics, giving both govt and business stakeholders more accurate and timely intelligence. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Business Standard
09-07-2025
- Business
- Business Standard
5paisa Capital slips after Q1 PAT drops 42% YoY to Rs 11 cr
5paisa Capital tumbled 5.17% to Rs 394.40 after the company's consolidated net profit declined 42.5% to Rs 11.55 crore on 24% fall in total income to Rs 77.77 crore in Q1 FY26 over Q1 FY25. Revenue from interest fell 6.09% to Rs 33.33 crore in Q1 FY26 from Rs 35.49 crore in Q1 FY25. Revenue from fees and commission dropped 33.55% to Rs 44.35 crore in the Q1 FY26 compared with Rs 66.74 crore in Q1 FY25. Total expenses declined 17.4% to Rs 62.27 crore in Q1 FY26 compared with Rs 75.39 crore in Q1 FY25. Finance cost stood at Rs 7.27 crore (up 1.54% YoY) and employee benefits expense was at Rs 20.42 crore (up 50.37% YoY) during the period under review. The company stated that it on-boarded 0.80 lakh new clients during the quarter, taking the total number of registered customers to 4.91 million. Gaurav Seth, managing director & CEO, 5paisa Capital, said, Q1 FY26 began on a strong note for both investors and the broking industry. Easing global uncertainties and stronger domestic economic indicators led to improved investor sentiment. During the quarter, both the Nifty and Sensex indices posted a significant recovery, rising 16% from their recent lows. Additionally, retail premium turnover volume at the exchange level also improved. These positive developments contributed to a 9% growth (Q-o-Q) in our Income and a 15% growth (Q-o-Q) in profitability. We remain focused on launching new product features, upgrading our technology platforms, and integrating AI to enhance the investing and trading experience. Our continued emphasis on quality customer acquisition and innovation is expected to further accelerate business momentum in the coming quarters. 5paisa Capital is engaged in providing financial products through its online technology platform and mobile applications. The company provides an online technology platform to clients through internet terminals and mobile applications for trading in securities in NSE and BSE. It is registered with SEBI as a stockbroker, depository participant and research analyst, and with AMFI as a mutual fund distributor.
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Business Standard
09-07-2025
- Business
- Business Standard
5Paisa Capital share price tanks 6% as Q1FY26 profit falls 42% YoY; details
5Paisa Capital share price fell after reporting a weak set of results in the first quarter of financial year 2026 (Q1FY26). SI Reporter New Delhi 5Paisa Capital share price: 5Paisa Capital share price was under pressure on Wednesday, July 9, 2025, with the stock dropping up to 5.98 per cent to hit an intraday low of ₹391 per share. At 10:00 AM, 5Paisa Capital share price was trading 3.29 per cent lower at ₹402.20. In comparison, BSE Sensex was trading 0.08 per cent lower at 83,649.08 levels. Why did 5Paisa Capital share price slip in trade today? 5Paisa Capital share price fell after reporting a weak set of results in the first quarter of financial year 2026 (Q1FY26). The company's income dropped 24 per cent year-on-year (Y-o-Y) to ₹77.8 crore in the June quarter of FY26 (Q1FY26), from ₹102.3 crore in the same quarter last year (Q1FY25). Profit before tax (PBT) plunged 42 per cent Y-o-Y to ₹15.5 crore in Q1FY26, from ₹26.9 crore in the same quarter last year. Profit after tax, too, dropped 42 per cent Y-o-Y to ₹11.5 crore, from ₹20.1 crore a year ago. Total comprehensive income also saw a 43 per cent drop to ₹11.5 crore in Q1FY26, from ₹20.1 crore in the same quarter last year. However, the sequential performance was far better. For the quarter ended June 30, 2025, the company reported a total income of ₹77.8 crore, marking a 9 per cent quarter-on-quarter (Q-o-Q) increase from ₹71.4 crore in the previous quarter (Q4FY25). Profit before tax rose 15 per cent Q-o-Q to ₹15.5 crore from ₹13.5 crore in Q4FY25, while profit after tax also increased 15 per cent to ₹11.5 crore from ₹10.1 crore in Q4FY25. On Q1 show, Gaurav Seth, managing director and CEO, 5paisa Capital said, 'Q1FY26 began on a strong note for both investors and the broking industry. Easing global uncertainties and stronger domestic economic indicators led to improved investor sentiment. During the quarter, both the Nifty and Sensex indices posted a significant recovery, rising 16 per cent from their recent lows. Additionally, retail premium turnover volume at the exchange level also improved. These positive developments contributed to a 9 per cent growth (Q-o-Q) in our Income and a 15 per cent growth (Q-o-Q) in profitability.' 'We remain focused on launching new product features, upgrading our technology platforms, and integrating AI to enhance the investing and trading experience. Our continued emphasis on quality customer acquisition and innovation is expected to further accelerate business momentum in the coming quarters,' Seth added. About 5Paisa Capital 5paisa Capital is a digital-first financial services company offering a wide range of investment and trading solutions through its online platforms and mobile apps. Registered with Sebi as a stockbroker, depository participant, and research analyst, and with AMFI as a mutual fund distributor, the company caters primarily to retail investors and active traders seeking low-cost, DIY (Do-It-Yourself) investment services. Its technology-driven platform enables clients to trade on NSE and BSE, access research-backed advisory services, and avail integrated depository solutions. With a strong focus on innovation and customer-centric technology, 5paisa has built a robust ecosystem featuring a powerful trading interface, AI-enabled robo-advisory tools, a seamless paperless account opening process, and a feature-rich mobile application.
Business Standard
20-06-2025
- Business
- Business Standard
5paisa Capital Launches Model Context Protocol (MCP) for AI-Powered Trading Integration
NewsVoir Mumbai (Maharashtra) [India], June 20: 5paisa Capital, one of India's leading discount broking firms, has officially launched its Model Context Protocol (MCP). This framework integrates Claude, a state-of-the-art large language model (LLM), with 5paisa's internal APIs. This launch represents a strategic integration aimed at enhancing user experience and brings AI-powered trading capabilities to 5paisa users. With MCP, 5paisa users can now perform a wide range of trading tasks -- from placing orders and analyzing market data to backtesting strategies -- simply by interacting with Claude via natural language. This rollout aligns with 5paisa's vision to simplify advanced trading tools for everyday investors. With the MCP, users can now harness the power of cutting-edge LLMs to make more informed trading decisions using real-time market data and their own custom datasets. By enabling intelligent prompt-based trading through 5paisa XStream Open APIs, MCP empowers users to bring any data source -- be it weather, crop yield, or macroeconomic indicators -- into the decision-making process for personalized stock market analysis. "We believe the future of investing lies in empowering users with intelligent tools that are not just data-driven, but context-aware. Model Context Protocol is our answer to the growing need for adaptive AI in financial decision-making," said Gaurav Seth, MD & CEO, 5paisa Capital. "With MCP, even non-coders can now interact with complex datasets and advanced trading strategies through natural language -- truly putting the power of institutional-grade analytics into the hands of everyday investors." Key Features of 5paisa MCP * AI-enabled Trading Assistant: Built-in support for Claude LLM, with plans to support additional AI models soon. * Prompt-Based Interface: No coding knowledge required -- simply type commands like "Backtest my breakout strategy from Jan 2021 to Dec 2022". * Custom Data Integration: Users can include external context (e.g., climate data, economic forecasts) for enhanced decision-making. * Encrypted & Private: All data shared is encrypted during transit; users retain full control of data sharing. * Free for Existing Users: MCP is available at no additional cost to all current 5paisa account holders. * Cross-Platform Support: Available on Windows, Mac, and Linux via Claude Desktop. The MCP assistant can also be used without logging in for general information and market research. However, advanced trading features and account-linked capabilities will remain exclusive to authenticated users. This launch reinforces 5paisa Capital's commitment to offering the most innovative, accessible, and secure trading solutions in the Indian financial landscape. MCP is now live and accessible via the desktop and web application for all 5paisa customers.
Fashion Value Chain
20-06-2025
- Business
- Fashion Value Chain
5paisa Capital Launches Model Context Protocol (MCP) for AI-Powered Trading Integration
5paisa Capital, one of India's leading discount broking firms, has officially launched its Model Context Protocol (MCP). This framework integrates Claude, a state-of-the-art large language model (LLM), with 5paisa's internal APIs. This launch represents a strategic integration aimed at enhancing user experience and brings AI-powered trading capabilities to 5paisa users. With MCP, 5paisa users can now perform a wide range of trading tasks – from placing orders and analyzing market data to backtesting strategies – simply by interacting with Claude via natural language. This rollout aligns with 5paisa's vision to simplify advanced trading tools for everyday investors. Gaurav Seth, MD & CEO, 5paisa Capital With the MCP, users can now harness the power of cutting-edge LLMs to make more informed trading decisions using real-time market data and their own custom datasets. By enabling intelligent prompt-based trading through 5paisa XStream Open APIs, MCP empowers users to bring any data source – be it weather, crop yield, or macroeconomic indicators – into the decision-making process for personalized stock market analysis. 'We believe the future of investing lies in empowering users with intelligent tools that are not just data-driven, but context-aware. Model Context Protocol is our answer to the growing need for adaptive AI in financial decision-making,' said Gaurav Seth, MD & CEO, 5paisa Capital. 'With MCP, even non-coders can now interact with complex datasets and advanced trading strategies through natural language – truly putting the power of institutional-grade analytics into the hands of everyday investors.' Key Features of 5paisa MCP AI-enabled Trading Assistant : Built-in support for Claude LLM, with plans to support additional AI models soon. Prompt-Based Interface : No coding knowledge required – simply type commands like 'Backtest my breakout strategy from Jan 2021 to Dec 2022'. Custom Data Integration : Users can include external context (e.g., climate data, economic forecasts) for enhanced decision-making. Encrypted & Private : All data shared is encrypted during transit; users retain full control of data sharing. Free for Existing Users : MCP is available at no additional cost to all current 5paisa account holders. Cross-Platform Support: Available on Windows, Mac, and Linux via Claude Desktop. The MCP assistant can also be used without logging in for general information and market research. However, advanced trading features and account-linked capabilities will remain exclusive to authenticated users. This launch reinforces 5paisa Capital's commitment to offering the most innovative, accessible, and secure trading solutions in the Indian financial landscape. MCP is now live and accessible via the desktop and web application for all 5paisa customers.
