close Business Finance Invest Bullets Most Viewed
close

Insider > Bullets

Bullets

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

The hospitality startup Oyo is in talks to raise ₹1,000 crore, not from big banks, but from the family offices of Indian bigwigs.

After Oyo pulled back its IPO draft last month, Corporate experts and market players are stepping up to fund the hospitality firm.

Is this a sign of a comeback, or are they betting on a steal?

Also Read: How does Oyo Rooms make money?

Zomato is in talks to acquire Paytm's movie and ticketing business, hinting at a super app for all your going-out needs.

The food delivery giant is interested in further strengthening its position in the consumer market. This deal could value Paytm’s vertical at ₹1,600-1,750 crore.

But is this a match made in consumer convenience heaven, or a recipe for app overload?

Saturday, 15 Jun 2024
share this news

TCS, a major IT player, just got hit with a hefty $194.2 million fine (around ₹1,611.8 crore) for allegedly borrowing a competitor's secret sauce.

Accused of swiping trade secrets from DXC Technology, TCS faces not only re-paying the damages but also a hefty "exemplary damages" fee.

Did their secret sauce turn out to be a little too secret, or is there more to this tech tale?

Also Read: Infosys Vs TCS

Saturday, 15 Jun 2024
share this news

Hyundai might be revving up for India's biggest IPO ever. Hyundai will offer 142 million shares making around 17.5% of its stakes as per the filed IPO draft.

The Korean car giant is looking to sell a chunk of its Indian unit, marking the first public offering by a carmaker in India since Maruti Suzuki in 2003!

Will this IPO shift gears for the Indian auto market, or is it just another joyride for investors?

Interested in IPOs? Read about the upcoming IPOs in 2024.

Mahindra & Mahindra (M&M) just zoomed past Tata Motors to become the second most valuable auto company in India.

M&M's market cap is now a whopping ₹3,65,193 crore, leaving Tata Motors in the dust.

But is this a sign of a power shift in the Indian auto industry, or a temporary blip? Only time will tell!

Also Read: M&M's ₹37,000 Crore Plan to Defeat Maruti Suzuki, Tata Motors & Others

Vodafone looks to offload its entire $2.3 billion (₹19,090 crore) stake in Indus Towers, all 21.5% of it, through stock market block deals.

This deal raises many questions:

a. Is this a fire sale to stack up some quick cash, or a strategic shift for the British telecom giant?

b. Block deals are set for next week, but will there be enough buyers to meet Vodafone's asking price?

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

Byju's is in hot water! The Indian education giant's attempt to raise $200 million (₹1,660 crore) through a rights issue has been put on hold by the National Company Law Tribunal (NCLT).

Apparently, offering shares at a 99% discount from their peak valuation rubbed some investors the wrong way.  

Was this a fire sale or a strategic move gone wrong? Only time (and the courts) will tell.

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

Paytm Payments Bank's Fastag lane went from express to stalled thanks to a regulatory crackdown.

Their once-whopping 16% market share in January dwindled to a measly 2% by May, leaving a FASTag free-for-all for traditional banks. IDFC First, ICICI, HDFC and Axis Banks are all seeing their share rise.

Did banks outsmart fintech with better FASTag deals, or is there more to the story?

Thursday, 13 Jun 2024
share this news

Mukesh Ambani's Jio Platforms just rocketed past red tape with a satellite venture called Orbit Connect India.

Jio Platforms in a joint venture with Luxembourg-based SES got Indian space regulator’s approval to get gigabit internet from space via operating satellites!  

With big names like Amazon and Elon Musk circling the market, is Jio about to launch India into a stellar internet future, or will they get grounded by pesky telecom regulations?

Also Read: Is Twitter Suffering From "Elon Musk's" Side Effect?

Jupiter just got permission to be your mobile money maestro! The Prepaid Payment Instrument (PPI) licence lets them be your digital wallet for everything from groceries to gifting.

Under this, Jupiter can also offer co-branded cards along with basic features like payments, remittances, purchase, etc.

But with wallets kind of being the "rotary phone" of digital payments these days, is Jupiter making a comeback play, or are they just fashionably retro?

Adani Group is looking to buy cement companies in India to become the biggest player.

They have $3 billion (around ₹24,900 crore) set aside for acquisitions like Penna Cement and Saurashtra Cement.

This strategy aims to capitalise on India's growing infrastructure needs and surpass UltraTech (Aditya Birla Group) in the next few years.

Also Read: Ultratech Cement Analysis: A Good Investment Option?

Wednesday, 12 Jun 2024
share this news

Ixigo's parent company, Le Travenues Technology, just wrapped up its IPO and it was a runaway success. In just 3 days, investors gobbled up shares 17.42 times over!

But here's the real kicker: retail investors (28.99 times subscribed) and non-institutional players (42.75 times subscribed) were the rockstars, outpacing even the big guys.

Could this be a sign of a travel tech boom on the horizon, or just a hot potato everyone wants to hold?

Curious about the IPO? Read about all the important details from here.

Remember that airline that grounded its entire fleet and then filed for bankruptcy? Well, buckle up for more turbulence!

Go First's got an extra 60 days to try and avoid liquidation after the 3 June deadline, but things are looking pretty grim.

With their planes gone and a potential buyer bouncing, will Go First take off again or become another cautionary tale in the aviation graveyard?

Zepto's funding frenzy is the talk of the town! This quick commerce startup is nearing a $3 billion (around ₹24,900 crore) valuation, thanks to talks with investment bigwigs like DST Global and Lightspeed.

Whispers suggest even more investors might join the party due to the buzz of its being a pre-IPO round.  

Is Zepto about to break the internet or is this just a clever pre-IPO play?

Also Read: Decoding Zepto: India’s First Unicorn in 2023

Zomato is showering its speedy grocery service Blinkit with cash – another ₹300 crore to be exact.

This comes on top of the ₹2,300 crore already invested since acquiring Blinkit in 2023.  

Is Zomato betting big on super-fast deliveries or is Blinkit burning through funds faster than a delivery rider on a hot day?

Also Read: The State of Quick Service Restaurants in India

In a surprise move, the airline's founders just ditched ₹3,700 crore worth of shares. This is their first fire sale since the company went public.

This first-of-its-kind stock sale involving 83.7 lakh shares caused IndiGo’s stock price to fall around 3%. The share price per unit was set at ₹4,406 for the block deal.

Did they see something we don't? Or are they just lightening their luggage?

Forget flash sales, Mumbai's got a new race: groceries in 10 minutes! Swiggy's warehouse buzzes with workers dodging red-flashing speed warnings, aiming to get your bananas and...condoms out the door in under 90 seconds.

Delivery bikers in bright orange zoom through the heat, another cog in Swiggy's machine redefining how India shops.  

Is this a recipe for instant gratification or just a dash too much speed? What about the mop-and-pop stores around the city?

Looks like Swiggy is adamant on making it to the top prior to its upcoming IPO.

The fintech giant Paytm is waving goodbye to an undisclosed number of employees as part of a "restructuring." This was a suspected outcome with all the RBI ban and lending reformations.

According to Paytm, departing employees are getting outplacement support as over 30 companies are willing to recruit them.

So, is this a friendly nudge towards new opportunities, or a sign of choppy waters ahead for the digital payments company?

Read the article “Is Paytm Going to Lose its Lending License?” to know more.

Calling all travel enthusiasts and stock market voyagers! Ixigo's parent company, Le Travenues Technology, is boarding the IPO train.

They're looking to raise around ₹740 crore for tech upgrades, strategic acquisitions, and maybe even fuel for a few more travel puns.

But with big names like SAIF Partners and Government of Singapore offloading shares, is this a first-class ticket to riches, or a red-eye to uncertainty?

Buckle up, the offer closes 12 June, and the decision is yours! Before you make a decision, check out a detailed article on Ixigo IPO.

If you are an IPO enthusiast and waiting for IPOs of Flipkart and PhonePe, then you might have to wait more.

The e-commerce giant and its digital wallet sidekick, are thinking of gracing the stock market in the next two years. But there's a twist: the younger PhonePe might IPO first!  

Is this a sign of PhonePe's hot streak, or is the more mature Flipkart hiding a secret aisle we don't know about?

close
Share this bullet
share this news on facebook

Facebook

share this news on twitter

Twitter

share this news on whatsapp

Whatsapp

share this news on linkedin

Linkedin

Or copy the link to this bullet -

https://insider.finology.in/bullets/page/12?b=is-zeptos-fund-raise-an-ipo-announcement

copy url to this news
Copied
Previous Arrow Icon Prev Next Next Arrow Icon