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...
Tata Capital, a significant subsidiary of Tata Sons, has transitioned from an NBFC – Core Investment Company (CIC) to an NBFC – Investment Credit Company (ICC) following the Reserve Bank of India's (RBI) approval. This change is part of a larger restructuring effort, which included the merger of Tata Cleantech Capital and Tata Capital Financial Services. In a recent stock exchange fil...
Hexaware Technologies, a prominent IT services and solutions provider, has entered into a strategic partnership with upGrad Enterprise, the corporate training division of upGrad. The collaboration is aimed at advancing the generative AI (Gen AI) skills of over 100 employees, furthering Hexaware’s goal of becoming an AI-first organization. This initiative comes on the heels of Hexaware’...
Ritesh Agarwal, the founder of OYO, has invested ₹830 crore in the company through his Singapore-based entity, Patient Capital, as part of the latest funding round. This investment is part of OYO's recent capital raise of ₹1,457 crore from a group of investors, as confirmed by insiders. Following this Series G funding round, Agarwal's ownership in OYO will increase from 29.97% to 32.57%. Sources...
Key Highlights Mohan Meakin Limited has announced its financial results for the first quarter of FY2025, showcasing notable growth. The company's total income rose by 6.4% to ₹325.12 crore, compared to ₹305.56 crore in the same quarter of the previous year. Compared to the last quarter (₹603.64 crore for quarter March 31, 2024), there was a 46.2% decrease. The Revenue from Operations reach...
The National Stock Exchange (NSE) has reported robust financial results for the first quarter of the fiscal year 2025, showcasing significant growth across various financial metrics. Key Highlights Total Revenue NSE recorded a total revenue of ₹4,950 crores for Q1FY25, representing a 47% increase from the previous year's ₹3,357 crores. This remarkable growth highlights t...
Sterlite Power has secured orders worth Rs 1,500 crores in its Global Products and Services (GPS) business during Q1 FY25, adding to an existing order book of over Rs 6,560 crores. The new orders, spanning both domestic and international markets, reflect the growing demand for Sterlite's high-performance, green products, and specialized Engineering, Procurement, and Construction (EPC) services. T...
By acquiring Checkmyguestlster its presence in the European rental market, Softbank-backed Indian hospitality giant OYO has acquired Paris-based rental management company Checkmyguest. This acquisition, slated to be finalized in the latter half of the year, underscores OYO's commitment to expanding its footprint in the short- and mid-term rental space. While the exact financial terms of the deal r...
Oravel Stays, the parent company of OYO, announced plans on Tuesday to expand its premium offerings by launching 25 new hotels under the 'SUNDAY' brand within the current financial year. This initiative is a collaborative effort between Oravel Stays and the Softbank Group. The expansion will see new SUNDAY Hotels in key travel locations, including Gurgaon, Manesar, and Corbett. According to Orave...
During a recent vendor association meeting in Bangalore, Waaree Energies Ltd was honored with the Long Association Award by Enerparc Energy Pvt Ltd. This accolade recognizes Waaree's substantial role in Enerparc's achievements. Enerparc, a German company known for its expertise in large-scale solar projects, praised Waaree for its exceptional quality and dependability. Amit Paithankar, the CEO of...
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...