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...
B9 Beverages, the company behind the popular Bira 91 beer, is gearing up for its stock market debut in 2026. However, a seemingly simple transition from B9 Beverages Private Ltd to B9 Beverages Ltd turned into a costly affair. The name change necessitated re-registering product labels, which disrupted sales for several months. This unexpected hurdle resulted in an inventory write-off of Rs 80 cror...
Oyo, a global hospitality technology company, has launched its European vacation rental brand, DanCenter, in India. The brand's first Indian property, comprising newly constructed 3BHK villas, has opened in Siolim, North Goa. This marks Oyo’s significant move into India’s growing alternative accommodation market, catering to travelers seeking personalized and unique stays beyond tradit...
Tata Capital, the financial services arm of the Tata Group, has outlined plans to raise ₹15,000 crore ($1.72 billion) through debt instruments. The fundraising initiative, approved by the company’s board earlier this month, will include the issuance of green bonds and non-convertible debentures (NCDs). 1. Purpose of Fundraising The funds generated will be directed towards...
Mohan Meakin Limited has announced its financial results for the quarter ended December 31, 2024 (Q3 FY25), and the nine months ended December 31, 2024, showcasing strong growth in revenue, profitability, and earnings per share (EPS). Q3 FY25 Financial Highlights 1. Revenue Growth: The Company reported a remarkable 105% growth in total revenue, reaching ₹823 cror...
Govind, the former COO of Tata Capital, has stepped down from his position and is now exploring new professional avenues. His future plans include pursuing opportunities in private equity and social impact services, marking a significant shift in his career trajectory. 1. Leadership Transition at Tata Capital Though initially poised to take over as CEO of Tata Capital, the role...
OYO has announced a significant investment of $10 million (approximately INR 87 crore) to advance the digital infrastructure of G6 Hospitality, the operator of Motel 6 and Studio 6 in the United States. This funding will focus on enhancing Motel 6’s website and the My6 app, with the ambitious goal of quadrupling app downloads before the summer season. 1. Targeted Digital Marketing fo...
Sterlite Power has achieved a major milestone by securing orders totaling ₹2,250 crores, marking its largest win in the current financial year. These contracts span the company’s Global Products and Services (GPS) business, focusing on bolstering India’s green energy initiatives while simultaneously expanding its international market presence. 1.Strengthening India's Green Ener...
FlySBS Aviation Limited has called for an Extraordinary General Meeting (EGM) to be held on Wednesday, March 5, 2025, at 11:30 a.m. The meeting will take place at the company’s registered office in Chennai, with an option to attend virtually through audio-visual means. The EGM agenda includes three major proposals that could shape the company's financial and operational strategies moving for...
OYO, a leading travel technology firm, has reported a remarkable profit after tax (PAT) of INR 166 crore for the third quarter of FY25, marking a significant increase from the INR 25 crore recorded in the same quarter last year. This impressive six-fold rise underscores the company’s ability to achieve sustainable profitability. 1. Revenue Growth Drives Turnaround The com...
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...