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...
On Monday, Sterlite Power announced the strategic acquisition of Khavda IV C Power Transmission Ltd, a Special Purpose Vehicle (SPV) dedicated to the evacuation of renewable energy from the Khavda Renewable Energy (RE) park. This acquisition marks a significant step in the company’s efforts to strengthen India’s green energy infrastructure. Phase-IV Transmission Project: Aiming for 7...
Cochin International Airport Limited (CIAL): A Comprehensive Financial Analysis and Growth Outlook A) Introduction Cochin International Airport Limited (CIAL), one of India’s most successful and pioneering airport ventures, has recently released its annual report for the financial year 2023-24. This report provides a comprehensive overview of the company's financial performance, strategi...
M3M India, a leading real estate firm, has entered into a collaboration with Oravel Stays, the parent company of OYO Hotels & Homes, to introduce a luxury hotel under the 'SUNDAY' brand in Gurugram. The agreement, which was formalized through a Memorandum of Understanding (MoU), marks the expansion of the 'SUNDAY' hotel brand into the Indian market. The proposed hotel will offer 220 premium ro...
GKN Driveline (India) Limited has announced its financial results for the fiscal year 2024 (FY24). The company reported a 6.7% increase in total revenue, reaching Rs. 1,060 crore compared to Rs. 9,931.64 crore in FY23. Total expenses rose by 6.3% to Rs. 944 crore, up from Rs. 888.6 crore in the previous fiscal year. The company’s profit before tax (PBT) saw a significant rise of 10.8%, amou...
A) About Vikram Solar1. Expansion of Manufacturing Capacity: The company has expanded its manufacturing capacity to 3.5 GW in FY 2023-24 and is targeting an increase to 4.5 GW by FY 2024-25 and 10.5 GW by FY 2025-26. Apart from this, they are also doing EPC business in the solar segment. 2. Eligibility for Key Subsidies: The company is eligible for significant subsidies, including the Production L...
Waaree Energies Faces Prolonged IPO Delay Due to Compliance Issues Waaree Energies, India’s leading solar panel manufacturer, finds itself in a prolonged wait for regulatory approval of its Initial Public Offering (IPO), nearly eight months after submitting its draft papers. The Securities and Exchange Board of India (SEBI) has yet to greenlight the share sale, citing concerns related to po...
Oyo has officially named Sumer Juneja as a non-executive director on its board. This follows his recent appointment as an additional director representing SoftBank, marking a significant addition to the hospitality company's leadership team. The decision to appoint Juneja was confirmed through a board resolution, as revealed in the company's regulatory filings with the Registrar of Companies (RoC)...
Kochi Airport is on the verge of unveiling India's largest airport lounge, the "0484 Aero Lounge," set to open its doors on September 1, 2023. Situated at Terminal 2 of the Cochin International Airport Limited (CIAL), this sprawling facility will be inaugurated by Kerala Chief Minister Pinarayi Vijayan. The lounge promises an unmatched experience for travelers, offering a range of premium amenitie...
Strategic Leadership Addition: Waaree Energies Limited has appointed Aniruddha Khekale as its new Chief Human Resources Officer (CHRO). This strategic move comes at a time when Waaree Energies is experiencing rapid growth and aims to solidify its position as India's leading solar PV module manufacturer with a production capacity of 12 GW. Impressive Financial Growth: Waaree Energies has w...
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...