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...
Strategic Partnership to Boost Car Financing AccessMaruti Suzuki India Limited (MSIL) has entered into a strategic partnership with Hero FinCorp Limited to enhance financing options for both new and pre-owned car buyers. This collaboration aims to provide seamless, flexible, and customer-friendly financial solutions to a wider audience across India. Leveraging Combined Strengths for Custo...
Tata Group is seeking a valuation of up to $11 billion for its financial services arm, Tata Capital Ltd., through an initial public offering (IPO). The offering aims to raise approximately $2 billion, potentially making it India’s largest IPO of 2025. Sources indicate that while plans are progressing, details may evolve in the coming weeks. Board Approval for IPO and Share Sale IPO Struc...
OYO, a global travel-tech leader, has appointed Sonal Sinha as the Chief Executive Officer of G6 Hospitality, a leading motel chain in North America. This announcement follows OYO’s acquisition of G6 Hospitality from Blackstone Real Estate, a deal finalized in December last year. Expanding OYO’s North American Presence The acquisition adds 1,500 franchised properties across the U.S....
Tata Capital Limited (TCL), a prominent player in India’s financial services sector, has announced a ₹1504 crore rights issue to strengthen its financial position ahead of its much-anticipated IPO. Market experts estimate the IPO to be priced around ₹350 per share. The company’s unlisted shares are already in high demand in the grey market, signaling strong investor confidence in its f...
Onix Renewable, a Gujarat-based company specializing in solar energy and renewable solutions, has announced plans to raise Rs 1,000 crore through an initial public offering (IPO). The IPO, expected to launch by July 2025, aims to achieve a market valuation of Rs 10,000 crore, according to a senior company executive. The company will dilute 10% of its stake, reducing promoter ownership from 72% to...
BigBasket, the Tata Group-backed online grocery platform, is preparing to go public within the next 18 to 24 months. According to CEO Hari Menon, the company aims to leverage the booming demand for fast online deliveries, catering to a wide range of products—from fresh produce to premium gadgets like Apple iPhones. 1. Ambitious Growth Targets The company is on an aggressive gro...
TruCap Finance Limited has announced the sale of its entire gold loan business to InCred Financial Services Limited for a total consideration of approximately ₹330 crores. The transaction, structured as a slump sale, involves the transfer of assets, liabilities, and associated trademarks such as “Dhanvarsha.” This move is aimed at strengthening TruCap’s balance sheet by reducing...
The National Company Law Tribunal (NCLT) recently completed hearing an insolvency petition filed by Devyani International against B9 Beverages Limited, the maker of Bira beer. The dispute revolves around unpaid dues amounting to ₹1.09 crore. A bench comprising Judicial Member B. Venkat Balram Das and Technical Member Atul Chaturvedi has now set March 7 as the date for compliance. 1. Devyan...
OYO, the prominent Indian hospitality brand, finds itself in the middle of a storm after the release of its latest advertisement in a Hindi newspaper. The tagline, "Bhagwan har jagah hai aur OYO bhi" (God is everywhere, and so is OYO), has triggered a wave of backlash online. Social media users expressed their displeasure, accusing the company of insensitivity and disrespect for religious sentimen...
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...