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...
Vikram Solar Ltd, a prominent player in solar module manufacturing, is set to expand its business horizons by venturing into the battery energy storage systems (BESS) sector. This strategic move, announced by Chairman and Managing Director Gyanesh Chaudhary, is part of the company's broader objective to diversify its offerings. The firm has recently submitted draft documents for an initial public...
Nayara Energy has unveiled plans to invest ₹68,000 crore in setting up a 1.5 million tonnes per annum (MTPA) ethane cracker unit at its sprawling 20 MTPA refinery located in Vadinar, Gujarat. This marks the first significant investment by a foreign company in India’s petrochemical sector, highlighting the industry's growing global appeal. 1. Strategic Advantages of Vadinar Refinery &...
Tata Capital Healthcare Fund II (TCHF II), a private equity arm of Tata Capital focused on healthcare, has spearheaded a $20 million funding round for Harsoria Healthcare. Based in Gurugram, the company is a leading producer of single-use medical devices in India. While the exact equity stake acquired by TCHF II remains undisclosed, the investment represents a significant step in supporting the co...
HDB Financial Services, the non-banking arm of HDFC Bank, is gearing up for a substantial initial public offering (IPO), with its international roadshows currently underway. Senior officials from HDFC Bank and HDB Financial are engaging with prominent investors in regions such as the UK, the US, Singapore, and Hong Kong. According to industry insiders, these discussions began towards the end of De...
On January 5, Goa Shipyard Ltd (GSL) celebrated a significant achievement by launching two Fast Patrol Vessels (FPVs) for the Indian Coast Guard. Named Amulya and Akshay, these vessels mark another step forward in India’s quest for self-reliance in defence manufacturing under the ‘Atmanirbhar Bharat’ vision. The launch ceremony was graced by Defence Production Secretary Sanjeev K...
Travel booking platform OYO has announced a new check-in policy for its partner hotels, starting with the city of Meerut. According to the revised guidelines, unmarried couples will no longer be permitted to check in at participating hotels. This change, which applies to all reservations, including online bookings, requires couples to present valid proof of their relationship at the time of check-...
Stake Sale AnnouncementHero FinCorp Ltd, a leading financial services provider, has announced the sale of its 6.67% equity stake in Forum I Aviation Private Ltd (FAPL) to Jubilant Infrastructure Ltd (JIL), a wholly-owned subsidiary of Jubilant Ingrevia Ltd. The transaction was approved during a board meeting on December 30 and forms part of Hero FinCorp’s ongoing strategic realignment.  ...
Hospitality giant Oyo, backed by SoftBank, has announced its acquisition of G6 Hospitality, the operator behind the popular Motel 6 and Studio 6 brands. The $525 million deal marks a significant expansion for Oyo in the US and Canada, adding 1,500 franchised hotels to its portfolio. This acquisition not only strengthens Oyo’s foothold in North America but also aligns with its strategic visio...
In a significant development, the Metropolitan Stock Exchange of India (MSEI) has announced its plan to raise ₹240 crore through private placement from prominent investors. The move comes as part of MSEI’s strategy to strengthen its financial position and enhance operational efficiency in India’s competitive stock exchange landscape. A) Details of the Fundraising The board of directo...
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...