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

Wednesday, 13 Nov 2024
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Nykaa's beauty business is booming! The company saw a 24% jump in revenue and a 66% increase in net profit. Their quick commerce initiative, Nykaa Now, aims to deliver beauty products faster than ever.

However, their fashion segment isn't quite keeping up. With key festivals falling later in the year, fashion sales slowed down.

Is it just the end of the festive season causing the decline? Or something else is cooking? Stay tuned with Bullets by Insider to know more.

Swiggy's shares didn't quite sizzle on their stock market debut. They listed with a modest premium of around 7% on the NSE and 5% on the BSE.

While the IPO was oversubscribed, investors seem a bit cautious. The company's continued losses, despite growing revenue, might be dampening the enthusiasm.

Want to know more about this IPO story? Click here.

Tuesday, 12 Nov 2024
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HDFC Bank is cleaning the house! They're planning to sell off some prime real estate, including the iconic HDFC House in Mumbai's Churchgate.

This strategic move could fetch them ₹3,000 crore. The bank inherited these properties from its merger with HDFC last year.

Want to know more about this real estate fiasco? Check out from here.

Get ready for some potential good news for insurance policyholders! The GST Council is considering big changes to insurance taxes.

They might completely scrap the 18% tax on term insurance plans. Plus, they're thinking about removing the tax on health insurance for senior citizens and policies up to 5 lakh.

While these changes could save you money, it's important to note that broader GST rate cuts are unlikely. Some states are worried about losing revenue, so the final decision will be a delicate balancing act.

To know more, click on this link.

A new era in Indian aviation! Air India and Vistara have officially merged, and their first joint flight took off from Doha to Mumbai last night.

The combined entity is already making its mark, with domestic flights starting early this morning.

Want to know more about this exciting merger and what it means for you? Click this link.

Swiggy and Zomato aren’t just about food anymore!

Swiggy is launching a new service called Yello to connect users with professionals like lawyers, therapists, and even astrologers! They’re also testing a premium membership, Rare, for those who want a touch of luxury.

Zomato is also looking to diversify, exploring services like grocery delivery, quick commerce, and even healthcare.

What’s next for these food delivery giants? Click here to know more.

India's government is revving up its Electric Vehicle (EV) ambitions! They're hosting a workshop to woo companies into importing premium EVs with lower taxes.

Remember the big buzz about Tesla coming to India? Well, that didn't quite pan out as expected. Now, the government is looking to fine-tune the scheme to make it more attractive.

Will this be the spark that ignites India's EV revolution?

Monday, 11 Nov 2024
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Apple is gearing up to double its iPhone production in India to a whopping $30 billion (₹2.52 lakh crore) annually!

This massive shift is fueled by the potential of hefty tariffs on Chinese imports under the Trump administration.

Currently, India produces around $15-16 billion (₹1.26 lakh crore) worth of iPhones. If Trump's trade policies intensify, India could become a manufacturing powerhouse, with Apple leading the charge.

It's a bold move by Apple. Will it pay off?

Also Read: What's iPhone Maker Foxconn is Planning for India?

PhysicsWallah, the ed-tech sensation, has seen its revenue skyrocket to over ₹2,000 crore. Impressive, right? But here’s the twist: its losses have also soared to ₹1,131 crore.

The company invested heavily in growth, including higher salaries and other expenses. While this strategy might pay off in the long run, it's definitely a risky move.

So, can PhysicsWallah turn things around? Stay tuned with Bullets by Insider to know more.

India's stock market is sizzling hot! With Swiggy and ACME Solar's successful IPOs, India has shattered its own record for annual IPO fundraising.

India has raised around ₹1.19 lakh crore ($14 billion) so far this year, second only to the US.

Learn more about the latest trends and how to invest wisely with this link...

Haldiram's, the name that's synonymous with delicious snacks, just got a spicy new investor! They've snagged a whopping ₹235 crore from Bharat Value Fund.

With this fresh cash injection, Haldiram's plans to expand its manufacturing empire and conquer new territories beyond the east and northeast.

Does this mean the company’s plan to handover its reign is on hold for good? Click here to know more.

Adani Power, the Indian energy giant, has been flexing its muscles in Bangladesh. They recently threatened to cut off power supply due to unpaid bills worth ₹7,000 crore.

To avoid a blackout, Bangladesh's power board had to issue a new Letter of Credit (LC) worth over ₹1,450 crore to keep the lights on. This is the third LC issued to Adani Power, and it seems like a desperate move to maintain power supply.

With Adani Power supplying nearly 1,600 MW of power to Bangladesh, the stakes are high.

Reliance Industries, India's richest company, has seen a massive $50 billion (around ₹4.2 lakh crore) drop in its value since July.

Mukesh Ambani's empire is facing a tough time with slowing earnings and a weaker economy. While the broader Indian market is struggling too, Reliance's performance is particularly disappointing.

What's next for India's biggest company? Click this link to know more.

India's wearable market is facing a bit of a split personality. While audio products like earphones and speakers are still growing, albeit at a slower pace, smartwatches are struggling.

Big players like Boat are feeling the pinch. Despite cutting costs, Boat's profits took a hit. Smaller brands like Boult also saw their profits shrink.

The reason? Consumers are becoming more cautious about spending on smartwatches, especially the budget ones. As a result, companies are now focusing on cheaper products to attract buyers.

So, what does this mean for the future of wearables in India?

The government is getting serious about data privacy! They're shutting down companies that are illegally using your personal information, like your PAN card number.

These companies were using this data to create detailed profiles of users, which they then used for targeted marketing and other purposes.

It's a wake-up call for all tech companies to ensure they're handling your data responsibly.

Also Read: Will the Digital India Act destroy the Indian data ecosystem?

Noel Tata, the newly appointed chairman of Tata Trusts, is stepping into a bigger role. He's now also a board member of Tata Sons, the main company of the Tata Group.

This marks a significant moment as it's the first time since 2011 that a family member is on the boards of both Tata Trusts and Tata Sons.

With the Tata Trusts holding a major stake in Tata Sons, Noel Tata's influence on the group's future is undeniable.

Want to know more about the Tata Group's future? Click here.

Cred, the fintech unicorn known for its payment and lending services, is now venturing into insurance!

Their new platform, Garage, helps users track vehicle expenses, pending traffic fines, and insurance renewals. Plus, they offer roadside assistance for those unexpected breakdowns.

While the vehicle management features are free, Cred plans to earn through insurance commissions.

Indian telecom giants, Jio, Airtel, and Vi, have struck gold! They've managed to negotiate massive discounts on network equipment from global tech giants like Nokia and Ericsson.

These deals, worth billions of dollars, are up to 40% cheaper than global prices. India's massive market and scale give it a significant advantage. For instance, a 5G base station, typically costs around $50,000.

Vodafone Idea, in particular, drove a hard bargain for its recent ₹30,000 crore deal, offering a lifeline to vendors who've seen a slowdown in global 5G deployments.

Indian stocks started the week on a gloomy note, with the Sensex and Nifty falling sharply.

Banking, finance, and IT stocks were the biggest losers. The market cap of all listed companies on the BSE also took a hit, dropping by a massive ₹5.56 lakh crore.

Investors are worried about the upcoming US presidential election and the possibility of another interest rate cut by the Federal Reserve.

What's next for the markets? Stay tuned with Bullets by Insider for news that matter.

Tuesday, 29 Oct 2024
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Swiggy, the food delivery giant, is gearing up to go public! Their IPO is set to be a massive event, with a price range of ₹371-390 per share.

This could value the company at $11.3 billion (₹94,920 crore)! Swiggy's last valuation was $10.7 billion (₹89,880 crore), so this IPO is a big step up.

The IPO is expected to launch on November 6th.

Curious to take a bite out of this IPO? Read this article to get full details.

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