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...
Hero Fincorp, led by Abhimanyu Munjal, has reported an 80% increase in loan write-offs during the first three quarters of FY25, as per the company’s filings. The total write-offs widened to ₹2,180.9 crore, compared to ₹1,214.7 crore during the same period in FY24. Notably, the non-banking financial company (NBFC) sold over 2.95 lakh written-off loans, worth ₹1,874.73 crore, for a mere ₹49.85...
Air India’s decision to halt its Kochi-London Gatwick direct flight from March 28 has sparked discussions about the future of this critical international route. The flight, which currently operates on Tuesdays, Thursdays, and Saturdays, is the only direct connection between Kerala and Europe, making it an essential link for passengers traveling between the two regions. 1.Strate...
OYO, a global hospitality leader, has announced plans to invest £50 million (approximately Rs 536.95 crore) in the United Kingdom over the next three years. This strategic investment will primarily focus on expanding its premium hotel portfolio, signaling a shift in the company’s UK strategy toward catering to high-end travelers. 1. Focus on Premiumization OYO is actively...
The recently launched transit accommodation facility, 0484 Aero Lounge, at Kochi Airport has witnessed remarkable success within its first 100 days of operation. The lounge recorded approximately 4,000 room bookings and hosted nearly 7,000 guests, becoming a preferred choice for travellers seeking comfort and convenience. 1. Affordable Luxury for Travellers Developed by Cochin Intern...
HDFC Securities, a leading subsidiary of HDFC Bank, has teamed up with KFin Technologies Limited (KFintech), a Central Recordkeeping Agency (CRA), to enhance the reach and usability of the National Pension System (NPS). This partnership is designed to simplify NPS access for subscribers and encourage broader adoption. 1. Leveraging Expertise for Enhanced Services With a customer base...
1. Debt Funding Deal in Progress Tata Capital is set to extend Rs 60 crore in debt financing to Mangalore-based fish protein manufacturer Mukka Proteins, according to sources familiar with the matter. While the negotiations are still ongoing, the total funding round is expected to reach Rs 90-100 crore. 2. Funds to Boost Facility Expansion Mukka Proteins plans to channel the fu...
HDB Financial Services is facing potential regulatory challenges tied to alleged violations of the Companies Act, 2008, as it moves forward with its $1.5 billion initial public offering (IPO). Concerns have arisen from a Securities and Exchange Board of India (SEBI) finding that the company may have breached private placement regulations by issuing shares to employees of its parent organization, H...
OYO has announced a major initiative to expand its presence across key religious sites in India by adding 500 hotels. This move aligns with the Indian government’s efforts to enhance spiritual tourism and will target well-known pilgrimage hubs such as Ayodhya, Varanasi, Haridwar, Prayagraj, Puri, Mathura, Vrindavan, Amritsar, Ujjain, Ajmer, Nasik, and Tirupati. A) Ayodhya: The Center...
Vikram Solar has successfully secured a substantial contract to supply 1 GW of solar modules to JSW Neo Energy. This significant agreement underscores Vikram Solar's growing presence in the renewable energy sector and its commitment to delivering cutting-edge solar solutions. 1. Advanced Module Technology Under this contract, Vikram Solar will provide its state-of-the-art Hypersol n-Type TO...
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...