Bullets

Ditching scooters for greener pastures? Sachin Bansal, co-founder of Flipkart, has completely exited Ather Energy, an electric scooter maker he once championed.

He sold his remaining 7.5% stake, with 2.2%, to Hero MotoCorp for ₹124 crore, and Zerodha's Nikhil Kamath took the rest.

Interestingly, Sachin Bandal was one of the first investors of Ather Energy and have pooled around ₹400 crore in the electric scooter startup.

Was this a strategic move by Bansal, or is the electric scooter market getting a bit bumpy?

Also Read: Story of Sachin Bansal: From Flipkart to Navi's IPO

Buckle up for a mega airline merger in India! With NCLT's approval, Tata Group's Vistara is set to join forces with Air India, creating a giant with a fleet of 218 aircraft.

This powerhouse will be India's biggest international carrier and the second-largest domestic one.

But can they dethrone IndiGo and become the true king of Indian skies? What about the problems pilots have with this merger?

#KnowItAll from the article “Will Vistara take Off or Stall After Merging with Air India?”

TCS, the tech giant, launched a new platform called TCS WisdomNext.

WisdomNext is a fancy new AI platform that combines multiple AI technologies into one. This means businesses can adopt new AI tech quickly & cheaply, and also navigate the ever-changing world of AI regulations.  

So, is TCS WisdomNext the key to unlocking your company's true potential?  Only time will tell!

Also Read: Tata Group is Planning an IPO Shower. These Companies are Involved.

The Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das and come up with following decisions:

• Interest rates on hold at 6.5%, but the party might not be over for borrowers!
• Rosy GDP forecast of 7.2% from 7% and record forex reserves peaked at $651.5 billion (₹54.07 lakh crore).
• The Standing Deposit Facility (SDF) rate and Marginal Standing Facility (MSF) bank rate were maintained at 6.25% & 6.75%, respectively.

The RBI surprised no one by staying steady on rates, but is this a sign of confidence in the Indian economy? 

Byju's in hot water again! This time, lenders want to shove Epic, Tynker, and Osmo (their US subsidiaries) into Chapter 11 aka Bankruptcy.

Sounds drastic, but they claim it's to protect everyone's wallets and prevent Byju's from playing shell games with the cash.

Will Byju's be forced to fess up, or will this turn into a never ending game of hide-and-seek?

Also read: Byju's: The Fall of an EdTech Giant

Nvidia's stock just rocketed past $3 trillion (around ₹249 lakh crore)! It is now the 2nd most valuable company in the world. 😲

Their secret weapon? Tiny chips that power the future of AI. They're tripling revenue and doubling their stock price year after year.  

Is this just the beginning, or are we due for a reality check? One thing's for sure, this chipmaker is making serious waves.

Ixigo's parent company, Le Travenues, is about to take flight... on the stock market! They plan to raise ₹740 crore via this IPO, which is opening June 10, with a chance to snag shares for ₹88-93.

With a fresh issue of equity shares ₹120 crore and an OFS of 6.6 crore equity shares making up ₹620 crore.

So, is this a first-class ticket to riches, or a red-eye to uncertainty? Buckle up and decide for yourself!

Google and Microsoft's cloud unit is getting lighter by 100 and 1500 employees, respectively. This is part of a bigger tech industry rain shower this year.

Sales, engineering, and even some employees who just helped throw a big developer party are being shown the door.

Restructuring? Cost-cutting? The reason for cutting off is unclear, but with layoffs throughout 2024, are tech giants feeling a little less cloud-y these days?

Ditching insurance for credit cards? InsuranceDekho, a big wig in the insurance world, is in talks to acquire BankSathi, a credit card and loan distributor.

This intriguing move could mean the online insurance giant is eyeing a one-stop-shop approach for your financial needs.

But what does this mean for BankSathi's angel investors?
Will they be swapping their shares for a shot at insurance or is there another twist to this tale?

Also read: Is Your Potfolio Volatility Proof? A Financial Stress Test!

Swiggy's got the US investor Baron Capital smitten! Baron Capital just upped their valuation of the food delivery giant by 25%, putting it at a juicy $15.1 billion (around ₹1.25 lakh crore).

With Swiggy aiming for an IPO, is this a sign of good things to come for investors, or just a case of pre-IPO Appetit?

Also read: Swiggy is Bringing an IPO: To Bet or Not to Bet?

Adani Group, known for its ports and power plants, is now entering the world of finance. Their super app, Adani One, just launched co-branded credit cards with ICICI Bank.

These cards allow consumers to book flights, hotels, even score rewards at Adani airports.  

Is this the start of an Adani empire that reaches not just the skies, but your wallet too?

Also Read: Adani Power Analysis

Craving a McSpicy Paneer Burger but prefer browsing for clothes at the same time? Flipkart might soon satisfy both needs.  

The E-Commerce reportedly dipping their toes into the food and beverage category on the government's Open Network for Digital Commerce (ONDC).   

Will we see our groceries delivered alongside our gadgets? Only time will tell what this F&B foray means for Flipkart and the future of ONDC.

A perfect storm of positive signals - exit polls, economic data, and tax collections - sent Bombay Stock Exchange aka BSE’s market cap soaring to a record $5.09 trillion (around ₹419.98 lakh crore).

Investors raked in a cool ₹12.48 trillion, with the Sensex breaching the 76,000 mark for the first time ever.  

Is this a sign of a booming Indian economy, or just a temporary blip? You be the judge!

Looks like Ola Electric is hitting the brakes on employee spending! The electric scooter giant is reportedly trimming its workforce by 400-500 to tighten its belt before its big IPO debut.

With an employee attrition rate of 47.48%, Ola Electric reported to have 3,733 employees as of October 2023.

But here's the twist: some of those laid off might be replaced with... cheaper hires? Is this a cost-cutting masterstroke or a recipe for future growing pains? Only time will tell.

Tata Group is making a big bet on Artificial Intelligence (AI)! Chairman N Chandrasekaran announced over 100 AI projects across various companies, aiming to improve customer experience, productivity, and efficiency.

This includes using AI for tasks like generating product catalogues and personalising offers in e-commerce. While highlighting the benefits, it also acknowledges potential risks and the need for regulation.

Will this be enough for TCS to keep up pace with the vastly advancing technology?

Also Read: Is Tata Group is planning an IPO shower?

Big news for Indian investors! Starting this Saturday, the top 100 listed companies must address market rumours within 24 hours if reported by mainstream media.

This initiative will help to clarify information and potentially prevent stock price swings based on speculation. The rule expands to the top 250 companies by December.

Separately, a new rule excludes price volatility from average market price calculations for corporate actions, ensuring fairness for all investors.

Fresh graduates in India, listen up! LinkedIn’s “Guide to Kickstarting Your Career” report says Utilities is the hottest industry for individuals with bachelor's degree.

Design, data analysis, and programming skills are in high demand. The good news: hybrid work is booming and is up by 52%.

After Utilities sector, Oil, Gas and Mining, Real Estate, Equipment Rental Services, and Consumer Services are also good choices.

Jewelry retailer Bluestone is close to raising $100 million (around ₹830 crore), which could value them at over $1 billion and make them a unicorn.

This is more than double their valuation of $450 million (around ₹3,735 crore) from last year. Bluestone is aiming for profitability by March 2025.

This funding round attracts both new and existing investors, possibly due to Titan's recent acquisition in the space.

Also read: Top 5 Unicorns in India

Paytm's parent company One97 Communications' stock price surged on rumours that Adani Group might be acquiring a stake.

Reports suggest Paytm CEO met with Adani to discuss a deal, but both Paytm and Adani have denied any such talks.

This potential entry into fintech by Adani would put them against Google Pay, PhonePe, and Jio Financial. Would it be enough to save Paytm?

Also Read: Adani Power Analysis: Gautam Adani's Trump Card?

Life insurance giant LIC is considering entering the health insurance market in India. Currently, LIC can only offer limited health benefits.

This comes as the government weighs allowing insurers to offer both life and health insurance (composite licences).

As other players such as Bajaj Allianz provide both services, the competition is bound to shake if LIC enters the health business.