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In a dramatic twist, Infosys has temporarily escaped a whopping ₹32,403 crore GST demand.

The IT giant, accused of tax evasion on overseas services, has managed to get the Karnataka tax authorities to back off. But the battle isn’t over.

The case has now been handed over to the central GST intelligence. Will Infosys be able to code its way out of this one?

Friday, 02 Aug 2024
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Zomato's stock is on fire! The food delivery giant's market cap just hit a sizzling $28 billion (₹2.32 lakh crore) after a scorching quarter.

Shares jumped 19%, the company raked in a whopping ₹253 crore profit (compared to a measly ₹2 crore last year), and revenue climbed 74% to ₹4,206 crore.

Is this just the beginning of Zomato's culinary conquest, or is the market overhyping a well-cooked quarter?

Also Read: Zomato Plans to Enter the Movie Business

Friday, 02 Aug 2024
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Ola Electric is revving up for its IPO! The electric vehicle startup is looking to raise a cool ₹5,500 crore in fresh funds, while its founders and early investors are cashing out to the tune of ₹85.79 crore shares.

Will investors be charged up by Ola's electric dreams, or will they hit the brakes on this IPO?

Also Read: Ola Electric IPO and Layoffs

Toyota is eyeing a big move as it signed a deal to potentially build a massive new plant in Maharashtra, worth a whopping ₹20,000 crore. The factory could churn out 400,000 electric and hybrid cars annually, creating 8,000 new jobs.

While this sounds like a dream come true for Maharashtra, the deal is still in the 'examining' phase.

With Hyundai already expanding its footprint in the state, is Maharashtra becoming the new Detroit of India?

Thursday, 01 Aug 2024
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FirstCry, the go-to shop for baby gear, is all set to hit the stock market with a price tag of around $2.9 billion (₹24,070 crore).

The IPO opens on August 6, but wait, there's a twist.

This valuation is almost identical to its last round of funding, making one wonder if they're just trying to get a fresh coat of paint on their financial statement.

Thursday, 01 Aug 2024
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Unicommerce Esolutions Ltd. is about to hit the big leagues! The online shopping enabler has set its sights on the stock market with an IPO priced between ₹102 and ₹108 per share.

The countdown is on, with the IPO kicking off on August 6th and the grand listing on August 13th.

Will investors be lining up to grab a piece of this e-commerce pie, or will they be left wanting more?

Also Read: List of Best Upcoming IPOs

FirstCry is growing up fast! The baby care giant saw its revenue balloon by 15% to a whopping ₹6,481 crore in the last fiscal year. While they're still in the red, losses shrank by a cool 34%.

Subsidiary Globalbees contributed a solid 18% to the party. FirstCry's international sales, especially in the Middle East, are growing at a breakneck pace.

With these numbers, their upcoming IPO might just be the stuff of fairy tales.

 

Wednesday, 31 Jul 2024
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Zomato-backed Shiprocket isn't content with just shipping online orders. They're throwing a lifeline to India's 10 million shopkeepers, a whopping one million of whom are already tech-savvy.

With a new WhatsApp store bot and speedy delivery service, Shiprocket is aiming to transform the humble corner shop into a digital powerhouse.

Can they turn a nation of brick-and-mortar stores into online shopping havens?

Vodafone Idea, the telecom titan struggling to stay afloat, is trying to dial down its debt to Nokia.

With a cool ₹3,000 crore owed to the Finnish network giant, Vi has already handed over half in shares, but the remaining ₹1,500 crore is still a hefty bill.

The plan? To pay it off in instalments by the end of 2025. But will Nokia agree to this extended payment plan? Only time, and perhaps some serious negotiations, will tell.

 

Ola Electric is gearing up to ride its way to the stock market with an IPO priced at ₹72-76 per share.

The electric vehicle startup is looking to raise a cool ₹5,500 crore from investors, including a mix of fresh cash and existing shareholders jumping off the ride.

With a reservation for retail investors at a mere 10%, will the common man be left in the dust as Ola zooms past on its IPO journey?

Read about it from this article here.

Infosys McCamish Systems, the IT giant’s US arm, is a source of drama as another class action lawsuit lands on their doorstep.

That’s lawsuit number four since the November 2023 data breach that exposed a whopping 6.5 million people’s personal information.

Will this be the final chapter, or is there more trouble brewing for Infosys?

Also Read: TCS & Infosys: The IT War Explained

Forget iPhones, is Foxconn setting up an iPad factory in India? Apple's main assembler is reportedly considering a 1 billion yuan ($137.5 million) HQ in China focused on "core technology research".

Foxconn’s similar expansion to India might be directed in the same direction.

Is India getting cheaper iPads or is this a global tech turf war in the making?

The billionaire mastermind behind Tesla and X (formerly Twitter) is at it again. Musk has thrown a $5 billion curveball, asking his loyal X followers if Tesla should invest in his AI startup, xAI.

A whopping two-thirds said "yes." Given Tesla's recent profit slump, this move seems as likely as a self-driving car navigating a crowded mall.

After blaming competitors' dependence on AI, is this hypocrisy from Musk's end?

Thursday, 25 Jul 2024
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Fintech firm Cred is aiming to be your one-stop money shop. The company, known for rewarding good credit, is launching 'Cred Money'.

This would be a platform to manage all bank accounts in one place.

Here’s the million-dollar question: Will this new move turn Cred into a full-fledged digital bank?

Wednesday, 24 Jul 2024
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India's budget is a sugar rush for the economy, aiming to pump up consumption and keep the growth party going.

With a hefty focus on jobs, skills, and infrastructure, the plan is to create a ripple effect that boosts spending across the board. Inflation's been staying low and steady at around 4%, while the economy has been on a growth streak above 7% since 2021, hitting an estimated 8.2% this year.

Will this spending spree translate to more money in people’s pockets? After all, consumption and GDP are usually BFFs.

Capex Budget: ₹1.1 Lakh Crore

Fiscal Deficit: 4.9% of GDP

Standard Deduction Increased From From ₹50,000 to ₹75,000.

Income Tax Slabs Changed For New tax Regime:

Tuesday, 23 Jul 2024
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Central Government's Focuses on the following 9 priorities:

  1. Productivity & resilience in Agriculture
  2. Employment & Skilling
  3. Inclusive Human Resource Development & Social Justice
  4. Manufacturing & Services
  5. Energy Security
  6. Urban Development
  7. Infrastructure
  8. Innovation and Research & Development
  9. Next Generation Reform

In a steamy plot twist, Amazon just eyed a portion of Swiggy's Instamart service right before Swiggy's $1.25 billion IPO (₹10,375 crore).

As per inside reports, Amazon is planning to pick up a stake or a buyout proposal in the pre-IPO placement.

With no official offer on the table yet, the heat is on for Amazon to act fast. Will this be a match made in delivery heaven or a kitchen nightmare?

Reliance Industries took a tumble on Monday, with its stock price dropping 3% after missing profit expectations.

Analysts are divided: Jefferies chilled their target price by a bit to ₹3,525, but Nuvama gambled big with a whopping ₹3,786 target.

So, is this a buying opportunity or a sign RIL's empire is built on shaky ground? Only time, and the next quarter's results, will tell.

Also Read: Reliance Jio is Planning on Bringing an IPO: An Analysis

A single software update from cybersecurity giant CrowdStrike sent the world into a digital tailspin. Flights grounded, banks locked down and many more disruptions.

The $83 billion (₹6.8 lakh crore) worth CrowdStrike has 20,000 subscribers including Microsoft & Amazon. A defect in Windows caused the havoc around the globe.

So, is this a glitch in the matrix, or a sign we've built our house of cards on a server in the cloud?

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