The story of Ankur Jain, unchecked ambition, and ₹2,100 crores in losses A) The Context Picture this: It’s 2017. You walk into a Bangalore brewpub. Everyone’s drinking the same beer&mdas...
Frick India Limited, a leading industrial refrigeration and cooling solutions provider, has announced its audited financial results for the fiscal year ended March 31, 2025. The company reported solid year-on-year growth across all key financial parameters, driven by consistent market demand, operational efficiencies, and strong execution. 1. Key Financial Highlights (YoY Performance)Total Revenu...
India’s premier stock exchange, the National Stock Exchange (NSE), has proposed a record settlement of $118 million to the Securities and Exchange Board of India (SEBI) in an attempt to resolve lingering regulatory disputes. This bold move is expected to unlock its stalled Initial Public Offering (IPO) plans, according to a source closely involved in the talks. 1. SEBI’s Deliberation...
Reliance General Insurance, one of India's leading private sector general insurers, has reported strong performance in FY25, demonstrating its turnaround and robust fundamentals under the new ownership of IIHL (Hinduja Group). Here's a comprehensive look at its financial and operational metrics. A) Net Profit FY25: ₹315 crore FY24: ₹280 crore Growth: +12.5% YoY This growth s...
The National Commodity & Derivatives Exchange (NCDEX), India’s leading agri-commodity exchange, has released its consolidated financial results for FY25. On the surface, the reported net profit of ₹234 crore may look encouraging for investors exploring opportunities in the unlisted space. However, a closer analysis reveals that this impressive number is not a reflection of operational ex...
Sterlite Electric Ltd, previously known as Sterlite Power Transmission Limited, has concluded FY'25 on a high note by securing orders worth ₹2,400 crore in the fourth quarter alone — the highest for any quarter during the fiscal year. This milestone brings the company’s total order book for FY'25 to a robust ₹7,500 crore, underscoring its growing dominance in the transmission infrastru...
SEBI Chairman Tuhin Kanta Pandey has indicated that the long-pending initial public offering (IPO) of the National Stock Exchange (NSE) is finally on a path toward resolution. Speaking at the ASSOCHAM 16th Capital Market Conference on May 22, Pandey stated that the outstanding concerns are being actively addressed and a formal nod is likely soon. “We will go ahead with it shortly,” he...
Care Health Insurance, one of India’s fast-growing standalone health insurers, reported a significant jump in its Gross Written Premium (GWP) for FY25, rising from ₹6,864 Cr in FY24 to ₹8,318 Cr in FY25 — a healthy 21% year-on-year growth. However, despite the impressive growth in topline, the company saw a sharp decline in its profitability. Net profit (PAT) dropped by 49% and EPS hal...
India is steadily moving toward an aviation boom, with expectations of one billion air travellers annually by 2040. Kerala Chief Minister Pinarayi Vijayan emphasized this during the official unveiling of the CIAL 2.0 project, an ambitious initiative aimed at completely digitizing operations at Cochin International Airport (CIAL). The Chief Minister highlighted that in FY 2023–24, the country...
In a decisive verdict, the Delhi High Court has nullified the 2021 arbitration award that had upheld Zostel Hospitality's claim to a 7% equity stake in Oravel Stays Pvt. Ltd. (OYO). The Court determined that the award was legally untenable as it relied on a Term Sheet that was explicitly non-binding and hence unenforceable under Indian law. Basis of the Dispute: A Non-Binding Term SheetThe origin...
The Unthinkable Just Happened Imagine this: A company that started by mailing DVDs in red envelopes just bought one of...
The Story Over the last two years, government agencies auctioned 88 gigawatts of solar and renewable projects...
What's the story? Elon Musk says it. Jeff Bezos believes it. And now Sundar Pichai is betting big on it. By 2030, it co...
The Story of Two Bansals, a $16 Billion Deal, and a Singapore U-Turn The Beginning: When Books Met Ambition Picture...
Company Brief Prisma Global Limited is an India-based technology company operating in the AI-driven visual intelligence...
How Two US Giants Crushed India's E-commerce Darling In February 2016, Snapdeal stood at the pinnacle of India's e-comm...