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...
Waaree Energies has announced a significant contract win from Serentica Renewables India to supply 900 megawatts (MW) of solar modules for an upcoming project in Rajasthan. The delivery timeline for these top-con series bifacial modules is set between August 2024 and February 2025, according to a statement from Waaree Energies Ltd. Under the terms of the contract, Waaree Energies will handle the...
HDB Financial Services has announced plans to raise Rs 500 crore ($59.85 million) by reissuing bonds that are set to mature in September 2027. This move was disclosed by three bankers on Friday. The reissued bonds will carry an annual yield of 8.35%, making them an attractive investment option for institutional investors and banking institutions. HDB Financial Services has scheduled a biddi...
On Monday, Oyo, a prominent travel technology platform, announced the opening of its first luxury hotel in Dubai, named Palette Royal Reflections Hotel and Spa. This development aligns with Oyo's broader strategy to expand its portfolio of premium properties globally as it gears up for an initial public offering (IPO). Following the recent easing of visa regulations for Indian citizens, Oyo expec...
Craft beer producer Bira 91 has obtained $25 million through an External Commercial Borrowing (ECB) from Kirin Holdings, an existing investor. This recent funding brings Bira 91's total capital raised in the last three months to $50 million, following a $25 million investment from Tiger Pacific Capital in March. The company's board approved the $25 million ECB from Kirin Holdings in two $12.5 mil...
Cochin International Airport Limited (CIAL) is set to unveil an AI-driven mobile application designed to elevate passenger experience and streamline airport operations. To bring this project to life, CIAL has invited agencies to submit expressions of interest for the app's design and deployment. According to the tender details released by CIAL, the app will boast several key features: an AI chatb...
Tata Capital and JSW MG Motor India Forge Partnership to Enhance Dealer Financing Solutions In a strategic move to strengthen financial support for its dealership network, JSW MG Motor India has joined hands with Tata Capital. This collaboration is designed to offer an array of financing options to JSW MG Motor India dealers, including Working Capital, Term Loans, Demo Car Loans, Leasing so...
Waaree Energies Limited, a leading Indian solar PV module manufacturer with an installed capacity of 12 GW as of mid-2023, has secured a significant agreement to supply 280 MW (DC) of advanced solar modules for deployment in Bikaner, Rajasthan. Under this agreement, Waaree Energies will deliver their state-of-the-art ELITE Series, featuring the N-Type TopCon 580Wp modules, starting from December...
Hitesh Doshi, a prominent figure in the Indian solar industry and founder of Waaree Energies Limited, has been honored with the Global Solar Leaders Award for 2024. This accolade recognizes his exceptional contributions to the advancement of the global solar sector. The award was presented at the SNEC 17th International Photovoltaic Power Generation and Smart Energy Exhibition & Conference, th...
Oyo, after pulling back its initial public offering (IPO) application last month, is in advanced talks to secure over ₹1,000 crore from the family offices of notable Indian corporate figures and stock market professionals. Key potential investors include Anand Jain, a corporate strategy consultant; Ramesh and Rajeev Juneja, promoters of Mankind Pharma; and Utpal Sheth, closely associated with the...
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...