Bullets

FirstCry, the go-to shop for baby gear, is all set to hit the stock market with a price tag of around $2.9 billion (₹24,070 crore).

The IPO opens on August 6, but wait, there's a twist.

This valuation is almost identical to its last round of funding, making one wonder if they're just trying to get a fresh coat of paint on their financial statement.

Unicommerce Esolutions Ltd. is about to hit the big leagues! The online shopping enabler has set its sights on the stock market with an IPO priced between ₹102 and ₹108 per share.

The countdown is on, with the IPO kicking off on August 6th and the grand listing on August 13th.

Will investors be lining up to grab a piece of this e-commerce pie, or will they be left wanting more?

Also Read: List of Best Upcoming IPOs

FirstCry is growing up fast! The baby care giant saw its revenue balloon by 15% to a whopping ₹6,481 crore in the last fiscal year. While they're still in the red, losses shrank by a cool 34%.

Subsidiary Globalbees contributed a solid 18% to the party. FirstCry's international sales, especially in the Middle East, are growing at a breakneck pace.

With these numbers, their upcoming IPO might just be the stuff of fairy tales.

Zomato-backed Shiprocket isn't content with just shipping online orders. They're throwing a lifeline to India's 10 million shopkeepers, a whopping one million of whom are already tech-savvy.

With a new WhatsApp store bot and speedy delivery service, Shiprocket is aiming to transform the humble corner shop into a digital powerhouse.

Can they turn a nation of brick-and-mortar stores into online shopping havens?

Vodafone Idea, the telecom titan struggling to stay afloat, is trying to dial down its debt to Nokia.

With a cool ₹3,000 crore owed to the Finnish network giant, Vi has already handed over half in shares, but the remaining ₹1,500 crore is still a hefty bill.

The plan? To pay it off in instalments by the end of 2025. But will Nokia agree to this extended payment plan? Only time, and perhaps some serious negotiations, will tell.

Ola Electric is gearing up to ride its way to the stock market with an IPO priced at ₹72-76 per share.

The electric vehicle startup is looking to raise a cool ₹5,500 crore from investors, including a mix of fresh cash and existing shareholders jumping off the ride.

With a reservation for retail investors at a mere 10%, will the common man be left in the dust as Ola zooms past on its IPO journey?

Read about it from this article here.

Infosys McCamish Systems, the IT giant’s US arm, is a source of drama as another class action lawsuit lands on their doorstep.

That’s lawsuit number four since the November 2023 data breach that exposed a whopping 6.5 million people’s personal information.

Will this be the final chapter, or is there more trouble brewing for Infosys?

Also Read: TCS & Infosys: The IT War Explained

Forget iPhones, is Foxconn setting up an iPad factory in India? Apple's main assembler is reportedly considering a 1 billion yuan ($137.5 million) HQ in China focused on "core technology research".

Foxconn’s similar expansion to India might be directed in the same direction.

Is India getting cheaper iPads or is this a global tech turf war in the making?

The billionaire mastermind behind Tesla and X (formerly Twitter) is at it again. Musk has thrown a $5 billion curveball, asking his loyal X followers if Tesla should invest in his AI startup, xAI.

A whopping two-thirds said "yes." Given Tesla's recent profit slump, this move seems as likely as a self-driving car navigating a crowded mall.

After blaming competitors' dependence on AI, is this hypocrisy from Musk's end?

Fintech firm Cred is aiming to be your one-stop money shop. The company, known for rewarding good credit, is launching 'Cred Money'.

This would be a platform to manage all bank accounts in one place.

Here’s the million-dollar question: Will this new move turn Cred into a full-fledged digital bank?

India's budget is a sugar rush for the economy, aiming to pump up consumption and keep the growth party going.

With a hefty focus on jobs, skills, and infrastructure, the plan is to create a ripple effect that boosts spending across the board. Inflation's been staying low and steady at around 4%, while the economy has been on a growth streak above 7% since 2021, hitting an estimated 8.2% this year.

Will this spending spree translate to more money in people’s pockets? After all, consumption and GDP are usually BFFs.

Capex Budget: ₹1.1 Lakh Crore

Fiscal Deficit: 4.9% of GDP

Standard Deduction Increased From From ₹50,000 to ₹75,000.

Income Tax Slabs Changed For New tax Regime:

Central Government's Focuses on the following 9 priorities:

1. Productivity & resilience in Agriculture
2. Employment & Skilling
3. Inclusive Human Resource Development & Social Justice
4. Manufacturing & Services
5. Energy Security
6. Urban Development
7. Infrastructure
8. Innovation and Research & Development
9. Next Generation Reform

In a steamy plot twist, Amazon just eyed a portion of Swiggy's Instamart service right before Swiggy's $1.25 billion IPO (₹10,375 crore).

As per inside reports, Amazon is planning to pick up a stake or a buyout proposal in the pre-IPO placement.

With no official offer on the table yet, the heat is on for Amazon to act fast. Will this be a match made in delivery heaven or a kitchen nightmare?

Reliance Industries took a tumble on Monday, with its stock price dropping 3% after missing profit expectations.

Analysts are divided: Jefferies chilled their target price by a bit to ₹3,525, but Nuvama gambled big with a whopping ₹3,786 target.

So, is this a buying opportunity or a sign RIL's empire is built on shaky ground? Only time, and the next quarter's results, will tell.

Also Read: Reliance Jio is Planning on Bringing an IPO: An Analysis

A single software update from cybersecurity giant CrowdStrike sent the world into a digital tailspin. Flights grounded, banks locked down and many more disruptions.

The $83 billion (₹6.8 lakh crore) worth CrowdStrike has 20,000 subscribers including Microsoft & Amazon. A defect in Windows caused the havoc around the globe.

So, is this a glitch in the matrix, or a sign we've built our house of cards on a server in the cloud?

Infosys stock is soaring rapidly after smashing profit expectations and upping their growth guidance from 3-4%.  

Infosys’ net profit rose 7.1% on-year to ₹6,368 crore with analysts predicting 1-3% revenue growth for FY25.

The surprise revenue hike has analysts scrambling to adjust their targets, leaving one question: is this a long-term trend or a temporary blip in the matrix?

Also read: Infosys Vs TCS: Who is the Better One?

Paytm's loss seems to be increasing rapidly to ₹839 crore and revenue dipped 36% to ₹1,502 crore vs ₹2,342 crore.

But wait, there's more! To add some intrigue, Paytm is revamping their health insurance plan to cover everyday needs.

Is this a genius pivot or a desperate attempt to stay afloat?

Remember the Snapdeal founders who gambled a measly ₹57 lakh on a startup back in 2015? Founders Kunal Bahl (Snapdeal) and Rohit Bansal (Titan Capital) just cashed out of Urban Company with an astounding ₹111 crore - a nearly 200-times return!  

They sold their stake in Urban Company to Vy Capital’s Dharana Capital.

Did they have a crystal ball, or is there more to this comfy home service platform than meets the eye?

IDBI Bank is on the auction block, and the RBI just gave the thumbs up to potential buyers. The government hopes to rake in ₹29,000 crore through divesting its stake in IDBI Bank after waiting since May 2021.

LIC (49.28%) and government (45.48%) jointly own 94.72% of IDBI Bank. Some experts believe that the deal is a bit on the soft side for the central government.

With a tight-lipped foreign bidder still in the mix, will this privatisation be a dream deal or a financial flop?

Also Read: LIC is entering health insurance. Is it time to change policies?