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

India is gearing up to roll out its first new senior citizens policy in a quarter-century (25 years).

The government is also planning to revamp the Maintenance and Welfare of Parents and Senior Citizens Act to better cater to the needs of our ageing population.

The Association of Senior Living India (ASLI) is calling on the government to form a special task force to study global best practices for senior care.

Know more about Senior Citizen Savings Scheme from here.

Honasa Consumer, the parent company of Mamaearth, has hit a roadblock. They've reported a net loss of ₹19 crore for the last quarter, a stark contrast to the profit they made last year.

The culprit? A shift in their distribution model. They're moving away from super-stockists to direct distributors, which has temporarily slowed down sales and impacted their bottom line.

While this might be a short-term setback, the company believes this strategic move will pay off in the long run.

Brainbees Solutions, the company behind FirstCry, is showing signs of improvement. Their net loss for the last quarter was significantly lower than the previous year, dropping from ₹101 crore to ₹63 crore.

Here's a breakdown of their performance:

  • GMV: Up 21% to ₹2,529 crore
  • Unique Customers: Increased by 16.5%
  • EBITDA: Up 38% to ₹110 crore
  • Cash Profit After Tax: Soared 209% to ₹28 crore

Is this the start of a new chapter for FirstCry? Stay tuned with Bullets by Insider to know more.

Delhivery, the logistics giant, has scored a net profit of ₹10 crore in the latest quarter, a significant turnaround from last year's loss.

However, it’s a bit of a mixed bag, as the profit is down 81% from the previous quarter.

While their revenue has climbed to ₹2,190 crore, the growth in express parcel shipments has slowed down to just 3%.

What could Delhivery do to resolve this issue?

Thursday, 14 Nov 2024
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India's IT giants are making big moves in the BFSI sector! Companies like L&T Tech Services and Persistent Systems are snapping up smaller firms in the US and UK to boost their growth.

L&T Tech Services recently acquired Intelliswift for $110 million (₹924 crore). They're aiming to double Intelliswift's revenue in just three years!

With these acquisitions, Indian IT firms are positioning themselves as global leaders in the BFSI space.

Thursday, 14 Nov 2024
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Hindustan Aeronautics (HAL) is facing a rough patch. After reaching a record high of ₹5,674.75 in July, the stock has taken a nosedive, falling nearly 28%.

The stock’s recent struggle with the Ichimoku cloud and the 200-day EMA suggests that it might be in for a tougher ride.

Do you think this is the right time to buy or sell HAL?

Know more about the top companies in India from here.

SpiceJet has just paid off a hefty $90.8 million (~₹762 crore) debt to Export Development Canada (EDC).

The airline recently raised ₹3,000 crore through a QIP, which was oversubscribed. This extra cash helped them settle the debt and save $68.3 million (over ₹570 crore).

As part of the deal, SpiceJet now fully owns 13 Q400 aircraft.

Let's see if this positive momentum can help them soar even higher.

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.

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