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...
AIOCD Raises Concerns Over Potential Instamart-PharmEasy Partnership for 10-Minute Medicine Delivery The All India Organisation of Chemists and Druggists (AIOCD) has raised significant alarm over a proposed collaboration between Swiggy’s grocery delivery service, Instamart, and e-pharmacy leader PharmEasy. This partnership aims to facilitate medicine delivery within a 10-minute window using...
The National Stock Exchange (NSE) has demonstrated significant financial growth during the first half of FY25. Below, we delve into the key highlights from this period's performance. 1. Impressive Revenue Growth The NSE reported a remarkable 35% increase in its revenue from operations, climbing from ₹6,688 crore in H1FY24 to ₹9,000 crore in H1FY25. This robust growth can be attributed to increas...
boAt, one of India’s leading consumer electronics brands, concluded FY24 with mixed financial results that highlight both the challenges and resilience within its business model. According to recent reports, the company saw a decrease in revenue and profit margins but also implemented strategic measures that contributed to operational improvements. Key Financial Highlights: Revenue and...
Tata Capital, the financial services branch of Tata Group, is preparing to raise $500 million through an international dollar-denominated bond. With a BBB- credit rating anticipated from S&P Global Ratings, the bond issuance represents a key step in Tata Capital’s strategy to expand and diversify its funding sources, particularly through overseas markets. Reaching Out to Glo...
Q1. What is Green Steel? Ans: Green Steel refers to steel produced using low-emission energy sources instead of traditional fossil fuels like coal. One of the most promising methods to produce green steel is by using Green Hydrogen, which emits only water vapor when used as an energy source, drastically reducing the carbon footprint of steel production. Q2. Why is There a Need for Green Steel?...
Lava International Limited, a key player in India's smartphone industry, is taking significant steps to boost its manufacturing strength. In an exclusive interview with CNBC-TV18, Sanjeev Agarwal, Chief Manufacturing Officer, shared the company’s plans to scale up local production and reduce reliance on imports. This effort is further supported by the Indian government’s production-lin...
OYO, a leading name in the hospitality industry, has introduced a new business-to-business (B2B) solution aimed at addressing the corporate travel and event management needs of businesses across India. Announced by the company’s founder and CEO, Ritesh Agarwal, on the social media platform X, this initiative underscores OYO's commitment to enhancing the corporate travel experience for compan...
HDFC Bank has taken a significant step towards the public listing of its subsidiary, HDB Financial Services, with the board's approval of a Rs 12,500 crore initial public offering (IPO). The decision came during a board meeting on October 19, 2024. The move follows earlier announcements made by the bank in July and September of this year, outlining the intention to list the non-banking financial c...
HDB Financial Services is a leading non-banking financial company (NBFC) in India, offering a wide range of financial products and services. It primarily focuses on providing loans to individuals and businesses, including personal loans, business loans, vehicle loans, and gold loans. Additionally, the company offers asset management, insurance, and collections services. HDB Financial Services has...
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...