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...
Overview BlackRock, one of the world’s largest asset management firms, is reportedly in advanced talks to invest ₹500 crore into the promoter group of B9 Beverages, the parent company of Bira91, via structured debt. The funding comes at a critical time when Bira91 is grappling with liquidity issues, a sharp drop in sales, and high operational losses. The move is structured in a way that pa...
Tata Capital has sanctioned a loan of ₹2,600 crore to GMR Nagpur International Airport Limited (GNIAL), providing critical funding support for the brownfield expansion of Dr. Babasaheb Ambedkar International Airport in Nagpur. This financing marks a significant shift in Tata Capital’s portfolio, highlighting its growing focus on infrastructure lending, especially in aviation and logistics. T...
HDB Financial Services, a wholly owned subsidiary of HDFC Bank, is staring at a rapidly approaching deadline to list on the stock exchanges. Under the Reserve Bank of India’s (RBI) scale-based regulatory framework, non-banking financial companies (NBFCs) are categorized into different layers based on their size, systemic importance, and risk profile. Among these, entities designated as &ldqu...
Cochin International Airport Ltd (CIAL) is on the verge of a major transformation with the launch of CIAL 2.0, an ambitious project aimed at fully digitizing its operations. The initiative focuses on leveraging artificial intelligence, automation, and advanced cybersecurity measures to redefine passenger experiences. The ₹200-crore project will be officially inaugurated on May 19 at the CIAL Trade...
In a major milestone, travel tech giant OYO has emerged as the most profitable startup in India for the financial year 2024–25. Founder and Group CEO Ritesh Agarwal shared the news during an internal townhall, citing a profit after tax (PAT) of ₹623 crore for the year. This performance, as per unaudited financial statements accessed by media sources, marks a 172% increase compared to the ₹22...
In a significant leap for Indian quick commerce, BigBasket has introduced drone-based deliveries at an apartment complex in Bengaluru, marking a new chapter in last-mile logistics. This initiative, currently exclusive to the Prestige Falcon City on Kanakapura Road, demonstrates a forward-thinking approach to urban delivery, blending technology and convenience in a real-world setting. 1. Inside th...
In a move that signals strategic ambition and market readiness, Oravel Stays Ltd. (OYO) has announced the acquisition of Key Flickers Pty. Ltd, an Australian entity, through a share swap arrangement. The development not only strengthens OYO’s global presence but also positions it for deeper integration of operational and tech capabilities ahead of its much-anticipated IPO. 1. Transaction...
The National Stock Exchange (NSE), India’s largest bourse and the world’s top derivatives exchange by volume, has been attempting to go public since 2016. However, despite multiple efforts, the exchange has not received the regulatory green light due to pending legal issues and corporate governance concerns. Unlike its competitor BSE Ltd., which is already publicly traded, NSE's IPO jo...
PharmEasy, one of India's leading digital healthcare platforms, has launched a fresh marketing campaign designed to drive adoption and trust in its diagnostic testing services. At the center of this initiative lies a compelling promise—*"on-time or free"*—which directly tackles one of the most frustrating issues customers face: delayed sample collections. A Familiar Jingle Returns wit...
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...