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...
Sterlite Power Transmission Ltd (SPTL) announced on Thursday that its shareholders have approved the plan to demerge its transmission business. This restructuring will result in the transmission infrastructure being placed under a new entity, Sterlite Grid 5 Ltd, while SPTL will continue to manage the global products and specialized EPC services. The demerger proposal received overwhelming suppor...
Waaree Energies Limited has secured a contract to supply 445 MW of its 540/545Wp dual glass bifacial solar modules for a major solar project in Bikaner, Rajasthan. Deliveries of these modules are scheduled from May to August 2024. The initiative aims to harness solar power to foster economic development and create jobs in the region. By using advanced bifacial technology, these modules can captur...
Le Travenues Technology, the parent company behind the well-known travel platform ixigo, has received the green light from the Securities and Exchange Board of India (SEBI) to move forward with its initial public offering (IPO). This approval was disclosed by SEBI on Wednesday. Based in Gurugram, Le Travenues Technology first filed its IPO prospectus in February. The filing detailed plans to issu...
In a recent townhall, OYO's Founder Ritesh Agarwal revealed that private investors have shown interest in the travel tech company, potentially raising equity at a valuation ranging between $3 billion to $4 billion. This development comes as OYO, supported by Softbank, reported its first net profitable year with a profit after tax (PAT) of Rs 99.6 crore ($12 million) for the fiscal year 2023-24. T...
Hexaware Technologies, a leader in digital solutions, announced its acquisition of Softcrylic, a Minneapolis-based data consulting firm. This strategic move is intended to enhance Hexaware's data and analytics offerings, allowing the company to deliver a comprehensive suite of services aimed at improving marketing and customer journey initiatives through advanced data and technology integration. T...
Oravel Stays Ltd, the operator of the travel-tech company Oyo, is set to refile its initial public offering (IPO) documents with the Securities and Exchange Board of India (SEBI) following the refinancing of its $450 million Term Loan B (TLB) at a lower interest rate. Oyo is nearing the completion of its refinancing strategy, which involves raising $350-450 million (approximately Rs 2,908.5 crore...
In the first quarter of 2024, Nayara Energy, a private fuel retailer, experienced a substantial 48% increase in petrol sales, reflecting a strategic shift towards fulfilling the rising domestic demand. During this period, the company reduced its fuel exports to accommodate the growing needs within India. Nayara’s Vadinar refinery in Gujarat saw 70% of its petroleum products being sold local...
Vikram Solar, a leading solar energy solutions provider in Unlisted Market, has made headlines with two major announcements that underscore its growing influence in India's solar manufacturing sector. On May 17, Vikram Solar revealed that it had secured a 397.7 megawatt peak (MWp) solar module supply order from NTPC Renewable Energy Ltd. for NTPC’s Khavda plant in Gujarat. This substantial o...
Carat India, part of the dentsu network, has been awarded the television media mandate for Waaree Energies Limited, with a mission to enhance the company’s brand visibility nationwide. In this partnership, Carat will exclusively manage Waaree Energies’ television media strategy across India. Additionally, Carat will offer strategic planning and purchasing services for other traditiona...
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...