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...
Introduction SBI General Insurance Company Ltd., one of India's leading private general insurers, has announced its standalone audited financial results for the year ending March 31, 2025. The performance demonstrates strong operational resilience, significant profit growth, and a healthy balance sheet – making SBI General Insurance Unlisted Share an increasingly attractive opportunity for...
The Delhi High Court, on Monday, responded to a legal request from OYO Hotels & Homes by issuing a notice to various media outlets. The hospitality firm approached the court with concerns over news reports they claim are defamatory in nature and linked to a First Information Report (FIR) filed in Rajasthan against the company and its founder, Ritesh Agarwal. Justice Amit Bansal, presiding ove...
Popular craft beer brand Bira 91 is currently under fire from former and current staff over unpaid salaries, outstanding reimbursements, and unresolved dues following months of layoffs. Several employees have come forward with allegations that they were either forced to resign or laid off with compensation still pending. One ex-sales executive shared that after resigning in December, he was asked...
A) Overall Performance HDB Financial Services Ltd. reported its standalone and consolidated audited financial results for the quarter and year ended March 31, 2025. The joint statutory auditors have issued an unmodified opinion, and the financials were prepared in compliance with Indian Accounting Standards (Ind AS). B) Loan Book Growth The company witnessed strong loan book expansion during...
A) Context: SEBI’s Interim Order Sends Shockwaves On April 15, 2025, the Securities and Exchange Board of India (SEBI) issued a detailed interim order exposing large-scale financial irregularities and corporate governance lapses at Gensol Engineering Limited. The order named Anmol Singh Jaggi and Puneet Singh Jaggi, the promoters of Gensol, for alleged misappropriation of public funds, dive...
In a significant move highlighting global interest in India’s evolving energy landscape, Norwest Venture Partners has acquired a 5% stake in Power Exchange India Limited (PXIL). PXIL, a key platform facilitating power trading in India, is jointly backed by the National Stock Exchange (NSE) and the National Commodity & Derivatives Exchange (NCDEX). The investment comes as India steps up e...
Even as global markets face instability due to trade tensions and tariff hikes, India’s equity market is experiencing a sharp rise in domestic investor participation. Latest data from the National Stock Exchange (NSE) reveals that the number of registered investors surpassed 11.2 crore as of February 2025. This growth reflects how Indian households are increasingly seeing equity markets as a...
Hotel owners in Jaipur have levelled serious accusations against Oyo Rooms, an online hotel aggregator, claiming the company created fictitious hotel bookings. These fake transactions allegedly allowed Oyo to artificially boost its revenue figures. However, the fallout has been severe for the hotels involved, with many now burdened by hefty tax recovery demands, penalties, and interest charges amo...
Studds Accessories Ltd., the leading manufacturer of two-wheeler helmets in India, has once again filed for an initial public offering (IPO), seven years after its first attempt. This time, the IPO will be a pure offer for sale (OFS) of up to 77.9 lakh shares, with existing promoters and early investors partially exiting their holdings. No fresh capital will be raised through the issue. 1. Promot...
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...