Bullets

LTIMindtree, a major Indian IT company, just announced their Q2 results. And guess what? They're doing pretty well!

• Profits: Up by 7.7% compared to last year. That's a cool ₹1,251.6 crore in the bank!
• Revenue: Also on the rise, growing by 5.9% to ₹9,432.9 crore.

Overall, it looks like LTIMindtree is having a good year. Is it time to keep an eye at the company's updates?

The Reserve Bank of India (RBI) is cracking down on fintech companies charging usurious interest rates. This is bad news for fintechs that lend to sub-prime customers, as they often rely on higher interest rates to make a profit.

The RBI's action against Navi and DMI Finance has sent shockwaves through the industry. Fintechs that partner with large NBFCs could be in for even more trouble.

It's time for fintechs to re-evaluate their business models and find ways to offer affordable credit to their customers.

Ratan Tata, the legendary industrialist, has left his estate in the hands of his close friends and family.

He named lawyer Darius Khambata and his confidante Mehli Mistry as executors of his will. His half-sisters, Shireen and Deanna Jejeebhoy, were also appointed.

Mehli Mistry, a trustee on the board of the Tata Trusts, played a significant role in managing the Tata Group's affairs.

The trusts, which hold a majority stake in Tata Sons, will continue to shape the future of this iconic Indian conglomerate.

Lendingkart, a platform for MSME loans, is facing a major cash crunch. This has forced them to negotiate a new funding deal at a much lower valuation than before.

The company is currently in talks with Fullerton Financial Holdings (FFH) for a $100 million (₹830 crore) investment. This is a significant drop from the $350 million valuation (₹2,905 crore) it had four years ago.

It looks like Lendingkart is struggling to keep up in the competitive lending market. Will they be able to secure the funding they need to stay afloat?

Meta, the tech giant behind Facebook, Instagram, and WhatsApp, is reportedly letting go of employees across different departments.

This includes major divisions like Instagram, WhatsApp, and Reality Labs.

A Meta spokesperson confirmed that some teams are undergoing changes to fit the company's long-term plans. While they didn't give specifics, it's clear that Meta is streamlining its operations.

Will other companies follow suit?

Ola Electric, the king of electric two-wheelers, is facing some serious service issues. Customer complaints are piling up and sales are slowing down.

To tackle these problems, Ola has brought in the big guns: EY India. This consulting firm will help Ola streamline their business processes and improve their after-sales service.

It looks like Ola is determined to get back on track. Will they succeed? Read this article to know the full story.

DMart, the popular retail chain, is facing tough times. Their shares took a nosedive after disappointing quarterly results.

The culprit? Online delivery platforms and quick commerce players like Zepto, Amazon, and Flipkart are stealing their thunder.

Investors are worried about DMart's ability to compete in the fast-paced world of online shopping.

Will they be able to adapt or will they lose their grip on the market? Read this article to know more.

Reliance Industries (RIL), once India's most valued company, has seen its shares take a beating, falling 16% in the last three months. But some analysts think this might be a good time to buy.

They believe the market has already factored in the potential slowdown in RIL's retail and O2C (oil, gas, and chemicals) businesses.

Goldman Sachs analyst Nikhil Bhandari even suggests that RIL's shares are currently undervalued compared to their historical average.

Don’t forget to do your due diligence and research thoroughly before investing. Start with reading this article.

Purplle, the go-to online beauty store, just closed a massive funding round worth ₹1,500 crore (about $180 million)!

The round was led by the bigwigs at Abu Dhabi Investment Authority (ADIA), with existing investors like Premji Invest and Blume Ventures also chipping in.

With this fresh cash, Purplle is planning on expanding its reach and beating competitors like Nykaa, Amazon, Flipkart, etc.

Will it be able to accomplish the goal?

Remember Zomato Xtreme? The company's hyperlocal delivery service that got put on pause a few months back? Well, it's making a comeback!

While the exact details are still under wraps, Zomato is reportedly planning to relaunch Xtreme with a fresh twist.

It's likely to focus on intracity deliveries for both small & big businesses, similar to services offered by companies like Shadowfax and Porter.

First movie ticket business from Paytm and now fastrack delivery, will Zomato’s plans work?

Hyundai India is gearing up to make its debut on Dalal Street with a massive ₹27,856 crore IPO. This could be the start of a new trend, as other South Korean chaebols may follow suit, especially given the challenges they face at home.

While Hyundai Motor Company is valued at a mere 5x PE, its Indian subsidiary is commanding a much higher valuation of over 26x.

This is largely due to the undervaluation of South Korean stocks caused by corporate governance concerns, geopolitical risks, and regulatory hurdles.

Will Hyundai India's IPO be a blockbuster? Stay tuned to Bullets by Insider for all the updates.

In 2016, a tech startup named OpenAI applied to become a tax-exempt charity. Their goal? To develop artificial intelligence that benefits everyone, not just their bottom line.

One of OpenAI’s founders, Sam Altman, even loaned the company $10 million (₹83 crore) to get started.

So, what’s the big deal? Well, OpenAI has since become a major player in the AI world, with projects like ChatGPT making waves.

TCS, the IT giant, just reported its quarterly results, and they're not great. The company's earnings are down, and they're blaming it on a mix of factors like weak spending and cautious clients.

This is a big deal because TCS is the leader of the $250 billion (₹20.75 lakh crore) IT services industry. If they're struggling, it could mean trouble for the whole sector.

Will TCS be able to turn things around, or is this just the beginning of a bigger slowdown?

Reliance Industries is reportedly in talks to buy a stake in Karan Johar's Dharma Productions. This move could make Reliance a major player in the Indian content production industry.

The size of the deal is still unknown. Karan Johar has been sitting on capitalising Dharma Productions for a while.

Could this opportunity be what brings KJo the golden chance to deal with the top player in the sector?

Elon Musk just unveiled Tesla's futuristic robotaxi, the Cybercab! It's said to be available as early as 2026 for under $30,000 (₹24.9 lakh).

Musk showed off the Cybercab on stage, giving a glimpse into the future of transportation. This robotaxi is a key part of Tesla's plans to dominate the AI market.

This raises the question: Wasn’t Elon Musk just warning us to slow down with AI?

Several big names in the Indian power sector are eyeing Hiranmaye Energy, a Kolkata-based thermal power producer.

The company's assets are set to go under the hammer in mid-October with a reserve price of ₹1,300 crore.

Jindal Power, Vedanta, and CESC are just a few of the players interested in acquiring this thermal plant. The race is heating up as these companies vie for a piece of the Kolkata power market.

Who will win the bid? Stay tuned with Bullets by Insider find out!

Accenture's consulting business is on the rise, suggesting that international clients are starting to spend more freely.

Consulting is a game-changer for tech firms. It helps them build bigger businesses and grow steadily. While outsourcing just gets them a seat at the table, consulting is where the real deals are made. With the rise of AI, consulting skills are more important than ever.

So, are Indian IT firms ready to step up their consulting game?

Ratan Tata, the visionary leader behind the Tata Group, passed away on 09th October, 2024. With his guidance, the Tata Group soared to global heights, navigating economic reforms and globalisation with grace and foresight.

Tata's legacy extends beyond business. Renowned for his humility, compassion, and ethical leadership, he has inspired generations of entrepreneurs and philanthropists.

Want to learn more about Ratan Tata's inspiring journey? Read here.

Swiggy, the food delivery giant, is gearing up for its IPO with a massive stock giveaway to its founders and top executives. The company has granted them employee stock options worth $271 million (₹2,249.3 crore)!

Sriharsha Majety, Swiggy's founder and CEO, is the biggest winner, receiving nearly $200 million (₹1,660 crore) worth of stock.

Other key executives like Nandan Reddy, Phani Kishan Addepalli, and Rahul Bothra also got significant shares.

Want to know more about Swiggy's IPO plans? Read here.

The RBI just increased the limits for UPI Lite and 123Pay.

Users can now use UPI Lite for transactions up to ₹1,000 per payment and store up to ₹5,000 in your wallet. And for UPI 123Pay, the limit has jumped to ₹10,000 per transaction.

This means more convenient and hassle-free digital payments for everyone. Know more about UPI and its related myths from here.