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...
Egypt and India are strengthening their partnership in the renewable energy sector, with Sterlite Power, a global leader in power transmission and electrical cable manufacturing, taking center stage. Hassan El Khatib, Egypt's Minister of Investment and Foreign Trade, recently held talks with Tushar Chhabra, Sterlite Power's Head of Business Acquisition, during a visit to India. The discussions foc...
Oravel Stays, the parent company of Oyo, is aggressively growing its premium hospitality brand, SUNDAY Hotels, with a target of 100 properties worldwide by the end of the next financial year. This expansion aligns with the rising global demand for high-end accommodations, positioning the company as a key player in the upscale hospitality segment. 1. Presence in 10 High-Growth Markets  ...
Kerala is gearing up to revolutionize its transportation sector by introducing its first hydrogen-powered bus. This groundbreaking project is the result of a collaboration between a major energy corporation and a globally recognized solar-powered airport. Together, they aim to pave the way for a cleaner and more sustainable future. 1. Showcasing Green InnovationThe prototype of the hydrogen-fuele...
Introduction In a major development in the Indian financial landscape, IndusInd International Holdings Limited (IIHL) has successfully acquired Reliance Capital Limited for ₹9,650 crore. The deal, concluded under the Insolvency and Bankruptcy Code (IBC) framework, marks a turning point in the revival of one of India's distressed financial conglomerates. Even more noteworthy is IIHL’s plan t...
Introduction India's transition to electric vehicles (EVs) is one of the most critical pieces of its green mobility puzzle. Among the early movers in this space, BluSmart, a 100% electric ride-hailing platform, and Gensol Engineering Ltd., a renewable energy and EV solutions company, appeared to form a promising partnership model. While BluSmart has positioned itself as an environmentally respons...
HDFC Securities Ltd (HDFC Sec) recently settled a case with the Securities and Exchange Board of India (SEBI) by paying Rs 65 lakh for multiple regulatory lapses in its IT infrastructure, disaster recovery framework, and cybersecurity measures. SEBI had issued a show cause notice (SCN) on 8 August 2024, highlighting several non-compliances within the brokerage firm’s operations. 1. I...
Vikram Solar, a prominent player in the renewable energy sector, has announced plans to build a cutting-edge 1 GWh solid-state cell and battery manufacturing facility. Designed with scalability in mind, the facility will have the potential to expand its capacity to 5 GWh, aligning with the increasing global demand for sustainable energy solutions. This initiative underscores the company’s co...
OYO, the hospitality giant, is aiming to achieve an EBITDA of INR 1,550 Cr in FY25, surpassing its earlier target of INR 1,200 Cr.Founder Ritesh Agarwal attributes this growth to the recent acquisition of US-based G6 Hospitality, which alone is expected to contribute INR 350 Cr to EBITDA. Strategic Acquisition of G6 HospitalityIn December 2024, OYO acquired G6 Hospitality (owner of Motel 6 an...
Sterlite has introduced Monica Madan as its new Chief Financial Officer (CFO), succeeding Parag Jain, the company revealed on Monday. Reshu Madan, Sterlite’s CEO, highlighted Monica’s exceptional global expertise and financial proficiency as key assets for the company’s growth journey. He stated, “As Sterlite expands its footprint in global power transmission markets, Monic...
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...