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Your daily dose of crisp, spicy financial news in 80 words.

Hindenburg Research is back with a cryptic tweet, promising a "big" India reveal. This comes just a year after their explosive report on the Adani Group wiped out $86 billion (around ₹7.13 lakh crore) in value.

The US short seller seems to have a knack for timing, as SEBI has just unveiled their role in sharing the Adani report with a hedge fund manager two months early for a juicy profit.

What will this new expose unravel? Read about what happened till now in the case from this link.

 

Trent's stock is on fire! Shares surged 13% today, hitting a record high of ₹6,375. The reason?

A scorching 133% jump in quarterly profits. That's ₹450 crore, up from a mere ₹193 crore last year. This isn't a one-day wonder either.

Trent's stock has been on a roll, climbing 22% in the last three days. Can this hot streak continue?

Also Read: Trent's Misbu: The New Tata Enterprise Brand 

Rapido has now hit the billion-dollar mark in GMV. The bike-taxi startup has zoomed past the $300 million mark (₹2,490 crore) in just a year, thanks to its expansion into cabs, auto-rickshaws, and over 100 cities.

This sudden acceleration has thrown the ride-hailing market wide open, with Rapido emerging as a strong challenger to the established duo of Uber and Ola.

Will this new player shake up the industry?

 

Ola Electric, backed by Bhavish Aggarwal, made a lackluster debut on the stock market, listing at the issue price of ₹76. But don't blink, because within minutes, the stock zoomed 15%!

The ₹6,146 crore IPO, which was subscribed a mere 4.26 times, saw anchor investors like Nomura and HDFC Mutual Fund jump in.

However, a word of caution for investors: Ola has a history of negative cash flows. So, while the initial ride might be thrilling, the long-term journey could be bumpy.

To know more, click on this link here.

Ola is now eyeing your grocery list. With its IPO knocking on the door, founder Bhavish Aggarwal is pulling out all the stops.

Dark stores, robots, and even a UPI platform are on the menu.

Can Ola's magic touch transform the quick commerce world as it did ride-hailing?

Also Read: Ola Electric's IPO Details

Thursday, 08 Aug 2024
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Intel, the tech giant known for its chips, is facing a lawsuit. Shareholders claim the company cooked the books, leading to a dismal second quarter, a 15% job cut, and a dividend freeze.

The suit, targeting CEO Patrick Gelsinger and CFO David Zinsner, seeks unspecified damages.

Is this the beginning of a chip off the old block for Intel's legal troubles?

India's online shopping scene is about to get a whole lot bigger. The lifestyle market, from fashion to home decor, is expected to triple in size by 2028, reaching a whopping $40-45 billion (3.3 lakh crore).

This means more online shopping sprees for us, and a potential goldmine for businesses.

With smaller cities joining the online shopping bandwagon, the big question is: Can India's internet infrastructure keep up with this fashion-fueled growth?

PhonePe, the digital payment giant, is eyeing a global expansion. With its sights set on Southeast Asia and the Gulf region, the company is looking to replicate its Indian success story on a grander scale.

The most preferred online transaction platform in India, PhonePe is seeking a payment license for its expansion in foreign lands first.

Will PhonePe be able to conquer these new markets as effortlessly as it did in India?

Also Read: Will PhonePe's play store work wonders in Indian street?

FirstCry parent, Brainbees, is all set to hit the jackpot with its IPO. The company raked in a whopping ₹1,885.80 crore from anchor investors, including bigwigs like Singapore, Abu Dhabi, and a slew of mutual funds.

Shares were snapped up at the top price of ₹465 each. Domestic mutual funds alone gobbled up ₹730 crore worth of shares.

With such a strong start, can FirstCry's IPO journey be anything short of a fairy tale?

Marico, the company behind your favourite hair oil and cooking essentials, just posted its Q1 report card. The results?

A neat 8.66% jump in net profit to ₹464 crore. Revenue also saw a healthy 6.7% uplift to ₹2,643 crore. But, Bangladesh’s political turmoil led to the sudden decline in share price (4%) as the company earns around 11-12% of its revenue from there.

While the stock price got a quick shine post-results, the real question is: Can Marico keep this momentum going?

Swiggy Instamart, the speedy grocery arm of the IPO-bound food delivery giant, has just upped its game. The company has tapped Sairam Krishnamurthy to steer its operations, from dark stores to city expansion.

This strategic move comes as no surprise given the cutthroat competition in the quick commerce space.

Will Krishnamurthy be the secret ingredient to Instamart's growth recipe?

Also Read: Swiggy is Bringing an IPO: Know Details

India’s digital bazaar ONDC is on a roll! July saw a whopping 12 million orders placed on the platform, with daily orders peaking at a brisk 430,000.

Food, fashion, and groceries are leading the charge, contributing to over 3.7 million orders combined. Mobility still holds a significant chunk with 4.4 million orders.

But the real question is: Can ONDC sustain this momentum and become the go-to platform for Indian consumers?

 

Postman, the $5.6 billion (₹46,480 crore) SaaS firm, is facing a reality check. Recent secondary deals for the company have been struck at a whopping 30-40% discount, a far cry from the usual 10-15% dip.

This steep fall mirrors the broader SaaS downturn, where valuations are taking a nosedive.

While early investors are cashing out, it begs the question: is this just a temporary speed bump, or a sign of a more significant slowdown for the once high-flying sector?

Monday, 05 Aug 2024
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Go First, the airline that couldn't quite take off, is officially grounded.

Creditors have pulled the plug, unanimously voting for liquidation after a year of failed rescue attempts. With bids falling short of expectations, the airline's fate is sealed.

The final chapter is yet to be written, but one thing's clear: the Indian skies are about to get a little less crowded.

Curious to know how it happened? Read here.

IT firm Sonata Software has just hit the snooze button on its $1.5 billion (₹12,450 crore) dream.

The mid-tier tech player has pushed back its target revenue by a year to FY27, joining the growing chorus of IT firms feeling the chill of a slowing tech winter.

While they've managed a decent Q1 with a 12% YoY profit jump, the question is: Can they keep this momentum going in a market that's looking increasingly frosty?

Sun Pharma's hair-raising plans for its new hair loss drug, Leqselvi, just got a major buzz cut. A patent dispute has thrown a wrench into the much-anticipated US launch, casting a shadow over the company's July plans.

Despite this, Sun Pharma still managed to impress investors with a 40% YoY net profit jump to ₹2,836 crore.

But will the Leqselvi delay dampen the company's overall shine?

Also Read: Why Investing in Pharmaceutical Industry is Not Always the Right Idea?

In a dramatic twist, Infosys has temporarily escaped a whopping ₹32,403 crore GST demand.

The IT giant, accused of tax evasion on overseas services, has managed to get the Karnataka tax authorities to back off. But the battle isn’t over.

The case has now been handed over to the central GST intelligence. Will Infosys be able to code its way out of this one?

Friday, 02 Aug 2024
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Zomato's stock is on fire! The food delivery giant's market cap just hit a sizzling $28 billion (₹2.32 lakh crore) after a scorching quarter.

Shares jumped 19%, the company raked in a whopping ₹253 crore profit (compared to a measly ₹2 crore last year), and revenue climbed 74% to ₹4,206 crore.

Is this just the beginning of Zomato's culinary conquest, or is the market overhyping a well-cooked quarter?

Also Read: Zomato Plans to Enter the Movie Business

Friday, 02 Aug 2024
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Ola Electric is revving up for its IPO! The electric vehicle startup is looking to raise a cool ₹5,500 crore in fresh funds, while its founders and early investors are cashing out to the tune of ₹85.79 crore shares.

Will investors be charged up by Ola's electric dreams, or will they hit the brakes on this IPO?

Also Read: Ola Electric IPO and Layoffs

Toyota is eyeing a big move as it signed a deal to potentially build a massive new plant in Maharashtra, worth a whopping ₹20,000 crore. The factory could churn out 400,000 electric and hybrid cars annually, creating 8,000 new jobs.

While this sounds like a dream come true for Maharashtra, the deal is still in the 'examining' phase.

With Hyundai already expanding its footprint in the state, is Maharashtra becoming the new Detroit of India?

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