Bullets

Looks like Vodafone Idea (Vi) might be losing its grip on its 2G users. While their bigger competitors Jio and Airtel are keeping cheap plans affordable, Vi just went ahead and raised theirs.

With a whopping 40% of Vi's base on these 2G plans, will they be tempted to switch ships?

Is Vi about to lose a big chunk of its subscribers?

Also Read: Could Vi Finally Join Jio & Airtel as a 5G Service Provider?

Looks like Zomato might have to spice up their accounting. The delivery giant just got hit with a surprise tax bill of ₹9.5 crore.  

Food delivery giant received the notice from Karnataka's commercial taxes authority. Zomato plans to file an appeal against the notice.
 
Did someone forget to tip the taxman? Will Zomato’s fight for a lower tab be a recipe for success?

Also Read: Zomato Enter Online Ticket Booking Business

Craving victory? You weren't the only one! India's cricket win over South Africa on 29 June wasn't just historic, it was a goldmine for food and beverage companies.

Restaurants and quick commerce deliveries saw a massive surge in sales during the match, with some even breaking records!  

Did celebrating with friends and family lead to a spending spree, or was it something else entirely? 

Reliance Industries, the Mukesh Ambani-led giant, just waltzed into the ₹21 lakh crore market cap club, leaving all other Indian companies in the dust!  

This comes after Jio upped the prices of its prepaid and postpaid plans. This took RIL’s stock prices up by 2% making a new record high of ₹3,129.85.

But here's the real question: are these price hikes the fuel for a long journey up, or just a pit stop before the real climb begins?

Paytm, the digital payments giant, is giving regulated businesses the cold shoulder after scolding from regulators earlier this year.

Instead of vying for licences like NBFC or insurance, Paytm is turning into a super distributor, partnering with licensed lenders and chilling with its massive user base.  

Is this a strategic shift or a sign of things to come for the fintech world?

Also Read: Is Paytm Going to Lose its Payments Bank Licence?

India's about to become the hottest spot in emerging markets. Starting today (28 June 2024), the country joins an exclusive club, the J.P. Morgan GBI-EM index.

This VIP status could unlock a treasure trove of $25-30 billion (around ₹2.4 lakh crore), but here's the twist: the capital will trickle in slowly over 10 months.

The domestic bonds will hold 10% weightage in which 1% will be added every month from June onwards. The move makes India the 25th market to enter this index.

Tata’s big e-commerce plays, 1mg and BigBasket, are ditching equity funding for loans to fuel their growth.  

1mg got the board’s go ahead to raise funds for offline expansion whereas BigBasket plans to gain $80-100 million (about ₹830 crore).  

Is this a sign of tighter purse strings at Tata or a strategic shift? One thing's for sure, this debt-fueled expansion is sure to shake things up in the online grocery and pharmacy wars.

Also Read: Tata is Bringing an IPO Shower

Infosys CEO Salil Parekh just coughed up $30,000 (over ₹24.9 lakh) to settle insider trading charges.  

What’s interesting here is that Infosys seemed a bit tight-lipped about the reason for the payment but market regulator SEBI cleared the air.

Infosys isn't talking, leaving investors to wonder - is there more to this insider trading settlement than meets the eye?

SBI just raked in a cool ₹10,000 crore by issuing infrastructure bonds. Investors were lining up with bids FOUR TIMES the base issue size of ₹5,000 crore!  

This windfall is earmarked for infrastructure and affordable housing projects.

So, is this a sign of a booming infrastructure sector, or a hunger for higher returns in a shaky market?

Also Read: Is SBI A Safe or Risky Investment Choice?

A hacker named "kiberphant0m" claims to have snagged a whopping 278 GB of your data from BSNL, including super sensitive stuff like SIM card details.

With this intel, they could clone your phone, steal your money, and maybe even know where you live (yikes!).

This is the second security slip-up for BSNL in just six months. So the question is, is your data safe with BSNL? You decide!

A government probe cleared Byju’s of financial shenanigans, but... found some interesting holes in their corporate governance.

The Ministry of Corporate Affairs cleared the edtech firm of wrongdoings like syphoning of funds, manipulation of financials, etc. But found it guilty of bookkeeping.

The jury's still out, but one thing's for sure: Byju's needs a sharper pencil to get their books in order.

Also Read: The Fall of Edtech Giant "Byju's"

Flipkart was interested in buying significant stakes in Swiggy. Apparently, talks of a marriage (merger) were on the table, but a disagreement over the dowry (valuation) left them single.  

Prosus was also included as it was planning on divesting its stakes in the food giant. Intriguingly, Swiggy is now prepping for a public debut.  

Was Swiggy’s IPO plans a strategic shift or a consolation prize?

Prosus, a big investor in Byju's just wrote off its entire stake of 9.6%.  

Prosus highlighted Byju’s comprehensive loss of $493 million (about ₹4,091.9 crore) in the current year.

Could this be the end of the edtech boom or just a bump in the road? Only time will tell... and maybe the bankers.

Byju's, the edtech giant, is in hot water again. The cash-strapped company is challenging a court order blocking their attempt to raise more funds.

But here's the twist: they're not going through the usual channels! The Karnataka High Court will weigh in on the matter today.

Is this a strategic move or a sign of deeper trouble for Byju's?

Swiggy, the food delivery giant, is celebrating a decade of business with a 24% revenue surge! Their secret recipe?

A growing user base of over 104 million, higher average order value, and a dash of strategic extras like restaurant ads. Swiggy's even considering an IPO to raise $1.25 billion (around ₹10,375 crore).

Would you be interested in investing in Swiggy’s IPO? Read this article to make an informed decision.

Grocery delivery startup Zepto just snagged a cool $665 million (₹5,519.5 crore), doubling their valuation to a hefty $3.6 billion (₹29,880 crore).

This massive funding round hints at an IPO on the horizon, but with 75% of stores already profitable, is Zepto about to rewrite the quick commerce rulebook?

We'll find out in 12-15 months, but one thing's for sure - Zepto is speeding towards something big.

Hold onto your credit cards, folks! The RBI wants to stop bill payments through third-party apps from next month.

They have a grand plan to centralise everything under Bharat Bill Payment System (BBPS), but here's the twist: most major banks aren't even on it yet! This raises multiple questions like:

• Will we be stuck with clunky net banking or auto-debit?
• Will our favourite payment apps lose their credit card crown?
• The RBI's on a mission for control, but is the industry ready to follow suit?

Also Read: How much should you pay on your credit cards?

Forget Google Play Store, PhonePe's desi app store, Indus Appstore, is wooing smartphone giants for a pre-installation spot.  

This Indian challenger boasts over 2 lakh apps and aims to reach a whopping 150 million users by year-end.

With deep developer partnerships and a focus on local tastes, is Indus Appstore the next big thing, or just another app store in a crowded market?

India's banking giant, State Bank of India, is on a fundraising spree! They're looking to raise a whopping ₹20,000 crore by selling long-term bonds.

But who will get these bonds - the public or private investors? SBI is staying silent on that for now.  

Is this a sign of big plans in the pipeline, or just business as usual? Only time will tell...

Ixigo's parent company, Le Travenues Technology, rocketed on the stock market with a near 50% jump from its IPO price.

Le Travenues Technology listed at a premium of 48.5% to the IPO price of ₹93. The founders hinted at a possible bigger offering, leaving investors curious.

Looks like the rollercoaster ride of Ixigo’s founders took a grateful lunge from bankruptcy to successful public listing. How the firm responds now onwards will be interesting to see