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...
HDFC Securities Limited has announced its FY24 result. As per result, im during FY24, it has posted strong financial performance in FY 2024, achieving impressive revenue growth and solidifying its position in the competitive financial services sector. The company has demonstrated robust profitability while efficiently managing its operational costs. Below are the key financial highlights: 1. Rev...
BIRA 91, India’s leading craft beer brand, has just launched its first-ever Taproom in Mumbai. Located in the bustling Santa Cruz area, this marks the eighth Taproom for BIRA 91 and the sixth city to join its growing network of beer lovers across the country. The Mumbai Taproom is designed to offer beer enthusiasts a wide array of craft beers, brewed with premium ingredients and a commitment...
In a significant move to accelerate the development of India's electricity transmission infrastructure, the government has invited industry stakeholders to deliberate on strategies for localizing transmission supply chains. The Power Secretary, Pankaj Agarwal, emphasized the growing challenges associated with expanding the country's grid infrastructure, particularly in light of the rapid growth in...
Oravel Stays, the parent company of travel tech giant OYO, is reportedly in discussions to secure $200 million through a primary funding round. This move is strategically aimed at financing its potential acquisition of G6 Hospitality, which operates Motel 6, a well-known economy hotel chain in the United States. Funding Discussions in Early Stages Although the negotiations are still in their ear...
Nayara Energy is a prominent player in India’s oil refining and retail sector. The company is involved in refining, marketing, and distributing petroleum products across the country. With one of the largest private sector refineries in India, Nayara Energy plays a crucial role in the nation's energy supply. Over the years, the company has steadily expanded its presence in retail and has take...
Overview of the IPO Plan India's Matrix Gas & Renewables, a unit of Gensol Group, aims to capitalize on the country’s flourishing IPO market, with plans to raise ₹10 billion to ₹12 billion (approximately $119-$143 million) through an Initial Public Offering (IPO). The announcement was made by CEO Chirag Kotecha during the Renewable Energy India Expo, highlighting the company’s int...
Electrolyzer manufacturer Greenzo Energy has signed a Memorandum of Understanding (MoU) with RBM Infracon to supply electrolyzers with a total capacity of 15 MW. These electrolyzers will be deployed across Jamnagar, Kutch, and Bhuj in Gujarat, involving an investment of ₹200 crore. Greenzo Energy is currently India's sole indigenous alkaline electrolyzer manufacturer, while RBM Infracon is a comp...
Vikram Solar, a prominent solar photovoltaic module manufacturer based in Kolkata, has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) as part of its plans to launch an Initial Public Offering (IPO). This move marks a significant milestone for the company as it seeks to raise capital through fresh shares worth up to Rs 1,500 crore, along with...
Cochin International Airport Ltd (CIAL) is gearing up for a major overhaul of its international terminal with an investment of Rs 700 crore. The ambitious project is scheduled to break ground in December, significantly enhancing the airport’s capacity and services. Expansion to Increase Aircraft Capacity Upon completion, the upgraded terminal will have the capacity to accommodate 44 ai...
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...