Bullets

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

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?

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

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?

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?

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.