Bullets

Billionaire Gautam Adani's wealth has skyrocketed by a massive 95% in the past year, reaching a staggering ₹11.6 lakh crore. This comes despite all the negative publicity surrounding the Hindenburg report, which accused his group of financial misconduct.

The 2024 Hurun India Rich List report confirms Adani's dominance, placing him at the top for the second year in a row. His family's wealth has increased by ₹5,65,503 crore since last year.

Want to know more about Adani's business empire and the Hindenburg controversy? Go to this article link.

Zomato's hunger for growth continues! They've just gobbled up Paytm's event ticketing businesses, TicketNew and Insider.

This move marks Zomato's big leap into the "going-out" space, beyond just food delivery.

Paytm, on the other hand, seems to be focusing on other areas. Which raises the question: what’s next? Know more from here.

Amazon is gearing up to enter the quick commerce market in India! They're aiming to launch their service in the first quarter of next year, taking on rivals like Flipkart's 'Minutes'.

To lead this charge, Amazon has appointed a senior executive to spearhead their quick commerce strategy. This move shows their serious commitment to this fast-growing segment.

Looks like the battle for quick deliveries is about to heat up! Be in the loop for what's next with our Business section.

Apple is teaming up with India’s Airtel to offer free music and video streaming to their premium customers.

It's a strategic move to tap into India’s massive market, especially with competition heating up and the Reliance-Walt Disney merger under scrutiny.

Airtel's premium plans will now include Apple TV+. But the big question is: will this be enough to lure Indian consumers who are price-conscious?

Tata-owned BigBasket, known for its scheduled deliveries, is switching gears to become a quick commerce platform. This means you'll be able to get your groceries delivered in just 10-30 minutes!

This is a big change for BigBasket, who's been around for over a decade. It is seeing huge success with their quick delivery service, BB Now, which already makes up over 50% of their sales.

Looks like the future of grocery shopping is all about speed!

Apple has just named an Indian-origin engineer, Kevan Parekh, as its new Chief Financial Officer (CFO)! This comes just a week after another major shake-up in the company's executive team.

Parekh, who's currently Apple's Vice President of Financial Planning and Analysis, will take over the reins from January 1, 2025. He's been with Apple for a solid 11 years and has played a crucial role in the company's financial success.

So, what does this mean for Apple's future?

Also Read: Who are the Top CEOs & Founders in the World?

Tata Digital, the brains behind Tata Neu, Big Basket, and 1mg, is shaking things up. To keep its top executives happy and motivated, they've introduced a new Employee Stock Option Plan (ESOP). 💰

This move is a smart one, considering the company has seen a bit of a revolving door among its senior leadership. By giving executives a piece of the pie, Tata Digital is hoping to boost performance and keep them invested in the company's success.

So, will this new plan work its magic?

Adani Group's debt has been on the rise, and domestic banks & NBFCs are increasingly stepping up to fund the conglomerate. Their exposure to the group has jumped by a significant 500 basis points in just the past year.

As of March 2023, these domestic lenders accounted for a substantial ₹70,213 crore of Adani's total debt, which was around 31% of the group's gross debt at the time.

Is this a risky bet for Indian lenders? Know more from here.

Tata Sons, the massive conglomerate behind brands like Tata Motors and Tata Steel, has made a strategic move. They’ve repaid ₹20,000 crore in debt to avoid being forced to list their shares.

This means they can operate without the scrutiny that comes with being publicly traded.

So, what does this mean for the future of the Tata Group?

Swiggy is eyeing a whopping $15 billion (₹1.2 lakh crore) valuation for its upcoming IPO! They're looking to raise $1-1.2 billion (over ₹9,950 crore), making it one of the biggest IPOs in India this year.

Swiggy's been locked in a battle with Zomato for the top spot in the Indian food delivery market. Both are also racing to dominate the "quick commerce" scene, where groceries and other stuff are delivered in a flash.

Will this IPO become Swiggy’s winning strike against Zomato? Click here to know it all.

The merger of Vistara and Air India is finally happening. Singapore Airlines, who owned a big chunk of Vistara, is now investing a whopping ₹2,059 crore to get a 25.1% stake in the merged airline.

All the paperwork is done, and the government is expected to give the final green light soon.

But what about the woes of pilots and other Vistara airline staff? Read here to know more.

Zomato is heating up the entertainment ticketing market by buying Paytm's ticketing business for a whopping ₹2,048 crore. This move could shake things up for the current leader, BookMyShow.

BookMyShow is already a big player, raking in nearly ₹1,000 crore last year.

Zomato, on the other hand, is using its profits from food delivery to expand into the entertainment space. They're hoping to make a big splash in both dining out and ticketing.

Know more from this article link.

The food delivery giant is worth $11.5 billion (₹95,450 crore), according to its investor "36 One WAM".

Formerly IIFL Wealth Management, the investor found Swiggy's revenue is skyrocketing, doubling year over year.

But wait, there's a twist! Food orders can be a bit fickle, so the final figure might change.

To know the ongoing developments, stay tuned with this link.

Billionaire Gautam Adani's company just sold 2.8% of its cement business, Ambuja Cements.

 The deal was worth around ₹4,200 crore. The stock price went up 4% after the news.

Adani still owns 77.33% of Ambuja Cements signalling the sale meant for raising capital.

Want to know more about Adani's business empire? Click on this link.

Jewellery retailer Bluestone has just bagged a whopping ₹900 crore in funding, valuing the company at a dazzling $970 million (₹8,051 crore).

This latest cash infusion is a major step towards their IPO, which is expected to hit the market later this year. With big names like Peak XV Partners and Prosus backing the deal, it's clear that Bluestone is ready to sparkle on the stock exchange stage.

But the question remains: Can they keep the shine on their IPO dreams?

Reliance Industries and Walt Disney are cooking up a plan to appease the Competition Commission of India (CCI) and secure approval for their blockbuster merger.

The latest tactic involves a two-year freeze on advertising rates for all advertisers and agencies.

Will this sweet deal convince the CCI to give the merger the green light, or will the regulator demand even more concessions? Be in the loop with this article.

Tata Electronics has seen its sales skyrocket over nine times in just one year, thanks to its newfound iPhone assembly prowess.

The acquisition of Wistron's plant near Bengaluru has catapulted the company into the big leagues of Indian electronics manufacturers. While still trailing behind giants like Dixon Technologies, Tata Electronics' growth trajectory is nothing short of impressive.

The question now is: can they sustain this momentum and become a major player in the global electronics market?

ICICI Securities, the investment banking arm of ICICI Bank, has shelled out ₹69.82 lakh to settle a case with the Securities and Exchange Board of India (SEBI).

The regulator took issue with the company's due diligence practices, raising questions about its adherence to merchant banking norms.

While the company has settled the matter, the question remains: Was this a minor oversight or a symptom of deeper regulatory concerns?

Also Read: When is ICICI Securities Delisting & Why?

Retail giant Walmart is waving goodbye to a potential $3.74 billion (₹31,042 crore) with the reported sale of its stake in Chinese e-commerce leader JD.com.

144.5 million shares are on the block, priced between $24.85 and $25.85 each. Is this a strategic move by Walmart, or a sign of trouble in the Chinese e-commerce market?

The silence from all parties involved is deafening. One thing's for sure, this fire sale has investors watching closely.

Venture capital firm Accel has just doubled down on its investment in Uppercase, the luggage maker. With a fresh injection of $9 million (₹74.7 crore), Uppercase's valuation has skyrocketed to $60 million (₹498 crore).

Uppercase plans to expand their retail footprint both domestically and internationally.

But the real question is: will this be enough to make it the go-to luggage brand?