Bhavish Aggarwal claims service backlog has now ended, Ola Electric on path...
The EV leader is targeting profitability by FY26, scaling up operations, and navigating challenges with an unwavering commitment to its vision. Credits: Mint Rising Above: Ola Electric’s Ambitious...
View ArticleSoftbank Vision Fund reaps $1.3 Bn in Q2 gross gains through FirstCry, Ola...
SoftBank’s Vision Fund, a powerhouse in global venture investing, has turned a profitable corner thanks to high-profile Indian IPOs. With significant returns from its stakes in Ola Electric, FirstCry,...
View ArticleSwiggy shares close 17% higher in trading debut in India
In a spectacular start, Swiggy’s stock rose almost 17% this week on the National Stock Exchange (NSE) in India, closing at ₹456 and reaching a valuation of around $12.1 billion. With $1.4 billion...
View ArticleBCCI may withdraw its own insolvency plea against Byju’s
Byju’s, the biggest edtech company in India, is currently embroiled in a maelstrom of legal and financial issues that are being heard by both Indian and foreign courts. Byju’s insolvency procedures are...
View ArticleSumer Juneja says Softbank is in no hurry to exit from Ola Electric
Swiggy’s public market debut on November 13 has added a fresh milestone to SoftBank’s portfolio of Indian investments, with shares opening at ₹420 and reaching ₹449, well above market expectations....
View ArticleProsus yields profit of over $2 Bn on Swiggy investment, Ervin Tu shares...
Prosus NV, the investment behemoth behind Tencent Holdings Ltd., has declared a strong return on its investment in Swiggy, India’s food delivery giant, demonstrating the expanding potential of the...
View ArticleAdani Group announces plans to invest $10 Bn into US Energy and...
With a daring $10 billion investment plan in U.S. energy and infrastructure, the Adani Group is making waves. The initiative aims to strengthen the relationship between India and the United States and...
View ArticleCCPA orders probe to investigate complaints related to ‘deficiencies’ in...
India’s Central Consumer Protection Authority (CCPA) has requested a probe into Ola Electric, one of the nation’s leading producers of electric vehicles, in a major step to highlight consumer...
View ArticleRetired 70 year old engineer from Rohini falls for ₹10.3 Cr fraud
In a startling instance of cyber fraud, a 70-year-old retired engineer from Rohini, Delhi, lost ₹10.3 crore to scammers after falling for a well-planned scam. Under the guise of a court dispute...
View ArticleMacquarie speculates Zomato share price to fall down to ₹130 implying a 50%...
After brokerage firm Macquarie reiterated its “underperform” rating and set a price target of ₹130, food delivery behemoth Zomato Ltd. finds itself in a difficult position. The investing community is...
View ArticleFollowing $1 Bn raise in recent months, Zepto looks to raise another $300 Mn
In a move that signals Zepto’s commitment to staying ahead in India’s competitive quick commerce space, the four-year-old startup is set to raise $300 million in fresh funding. This new round,...
View ArticleZepto’s monthly cash burn goes up to over ₹250 Cr per month on capex, working...
The quick commerce space in India is heating up, and Zepto is at the center of the storm. With skyrocketing cash burn and aggressive market moves, the company is doubling down on growth to fend off...
View ArticleReliance to acquire D2C snacking startup TagZ Foods for $3.5 Mn
In a deal around INR 28 Cr (about $3.5 Mn), Reliance Consumer Products, the FMCG division of Reliance Retail, plans to purchase the direct-to-consumer (D2C) snacking business TagZ Foods. The...
View ArticleNikhil Kamath’s WTFund and Nazara Tech make ₹2 Cr investment in two gaming...
With two domestic businesses, Norian Games and Xigma Games, receiving ₹2 crore in funding from WTFund, which is headed by Nikhil Kamath, a co-founder of Zerodha, and Nazara Technologies, a pioneer in...
View ArticleMamaearth’s parent Honasa Consumer faces rough waters as Stock price drops...
Shares of Honasa Consumer, the parent company of Mamaearth, plunged by 20% in Monday’s trading session, marking a significant blow to investor confidence. The stock now trades below its IPO price of...
View ArticleDubai Siblings Gift jiohotstar.com to Reliance as an Act of Seva
In a heartwarming tale of generosity and service, Dubai-based siblings Jainam and Jivika have decided to transfer the domain jiohotstar.com to Reliance Industries free of cost. This surprising decision...
View ArticleSalman Khan Confronts Ashneer Grover on Bigg Boss 18: A Lesson in Respect and...
The latest Weekend Ka Vaar episode of Bigg Boss 18 delivered high-voltage drama as Salman Khan confronted BharatPe co-founder and Shark Tank India judge Ashneer Grover over controversial remarks made...
View ArticleHonasa Consumer stock falls over 30% in last 2 days, market cap down by...
The parent business of Mamaearth, Honasa Consumer, saw a dramatic shift in events when its shares fell by almost 30% in just two days, wiping off ₹35 billion ($414.7 million) in market value. The stock...
View ArticleIndia Eyes Minority Stake Sale in Four State-Run Banks to Meet SEBI Norms
In a significant move towards aligning with public shareholding regulations, the Indian government is exploring the sale of minority stakes in four state-owned banks. This step is aimed at meeting the...
View ArticleSantiago Martin Case: ED Seizes ₹12.41 Crore in Cash and Freezes FDRs Worth...
The Enforcement Directorate (ED) conducted extensive search operations across six states, leading to the seizure of cash, fixed deposit receipts (FDRs), and incriminating evidence as part of its...
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