Bullets

PayU, a major digital payments company, is expanding its consumer fintech offerings. They're using their LazyPay platform to build a consumer payments and credit platform.

Their CEO, Anirban Mukherjee, says they're growing fast and want to build a strong consumer brand around LazyPay. They're aiming to become a full-stack fintech player, offering everything from payments and credit to wealth management and insurance.

PayU is also planning an IPO soon, but they haven't given a specific timeline.

Indian IT giants HCLTech and Wipro are receiving ample attention from the banking, financial services, and insurance (BFSI) sector! After a bit of a slump, discretionary spending in BFSI is on the rise.

HCLTech and Wipro are both reporting an increase in projects that aren't just about cutting costs. This is a welcome change for the IT industry.

So, what does this mean for you? Well, it's a sign of a stronger economy and more opportunities in the tech world.

A major Indian bank is facing backlash over its plan to buy out its brokerage arm. Shareholders are up in arms about the terms of the deal and how the market regulator, SEBI, allowed the delisting to happen without compensating minority investors.

The shareholders have filed multiple lawsuits in different courts, challenging the delisting and the terms of the buyout. The battle is far from over, and the outcome could have significant implications for other companies looking to delist their subsidiaries.

Stay tuned for updates on this unfolding drama with Bullets.

Infosys has put over 1,500 freshers on hold. Only 115 of them have been given a September 2nd joining date. The rest are left wondering what's going on.

This hiring freeze is part of a broader trend in the tech industry. Economic uncertainty and automation are making it tougher to find jobs. Students, unions, and the public are all putting pressure on Indian IT companies to address the delays.

This is not the only mishap Infosys has been a part of. Click here to know more.

Black Box, a global tech integrator, is eyeing the Indian data center market as a prime opportunity for growth. They're on the hunt for partnerships or acquisitions to make their move.

The company, which already serves top tech giants in over 35 countries, is aiming for a whopping $2 billion (₹16,600 crore) in revenue within the next four years.

So, who will Black Box partner with to make its mark in India?

Billionaire Shiv Nadar's tech giant, HCLTech, is spreading its wings! The company is now eyeing new markets like India, Africa, and the Middle East to diversify and boost revenue.

HCLTech shared its growth plans at a recent investor event, highlighting their expertise in engineering and research & development. It is capitalising on the rising demand for semiconductors and aiming to expand their reach in key areas and emerging markets.

Want to know more about HCLTech's exciting plans? Stay tuned with our Bullets page.

Zepto, the speedy grocery delivery startup, just got a massive cash injection of $340 million (around ₹2,822 crore). That brings their total funding in the past two months to an amazing $1 billion (₹8,300 crore)!

This new round of funding has pushed Zepto's valuation up to $5 billion (₹41,500 crore). That's a 3.5x increase in just one year!

Looks like the rapid-delivery trend is here to stay, and Zepto is leading the charge. Know more from this article.

Vistara is finally merging with Air India, and the Vistara brand is slowly fading away. Starting September 3rd, customers will have to book tickets on the Air India website.

While Vistara flights will still be flying until November 11th, all those planes will eventually join the Air India fleet.

What does this mean for the Vistara brand and how the merger will take place? Know it all from this link. 🠠

Zerodha, popular stockbroking platform, is planning to combine its trading and mutual fund apps into one. This would in turn allow users to buy and sell stocks and mutual funds from the same place!

While they haven't given a specific timeline, they're aiming for this change to happen within the next six to nine months. This move could make investing even easier for Zerodha users.

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.