Bullets

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?

Infosys stock is soaring rapidly after smashing profit expectations and upping their growth guidance from 3-4%.  

Infosys’ net profit rose 7.1% on-year to ₹6,368 crore with analysts predicting 1-3% revenue growth for FY25.

The surprise revenue hike has analysts scrambling to adjust their targets, leaving one question: is this a long-term trend or a temporary blip in the matrix?

Also read: Infosys Vs TCS: Who is the Better One?

Paytm's loss seems to be increasing rapidly to ₹839 crore and revenue dipped 36% to ₹1,502 crore vs ₹2,342 crore.

But wait, there's more! To add some intrigue, Paytm is revamping their health insurance plan to cover everyday needs.

Is this a genius pivot or a desperate attempt to stay afloat?

Remember the Snapdeal founders who gambled a measly ₹57 lakh on a startup back in 2015? Founders Kunal Bahl (Snapdeal) and Rohit Bansal (Titan Capital) just cashed out of Urban Company with an astounding ₹111 crore - a nearly 200-times return!  

They sold their stake in Urban Company to Vy Capital’s Dharana Capital.

Did they have a crystal ball, or is there more to this comfy home service platform than meets the eye?

IDBI Bank is on the auction block, and the RBI just gave the thumbs up to potential buyers. The government hopes to rake in ₹29,000 crore through divesting its stake in IDBI Bank after waiting since May 2021.

LIC (49.28%) and government (45.48%) jointly own 94.72% of IDBI Bank. Some experts believe that the deal is a bit on the soft side for the central government.

With a tight-lipped foreign bidder still in the mix, will this privatisation be a dream deal or a financial flop?

Also Read: LIC is entering health insurance. Is it time to change policies?

Ola Electric, the EV company known for its EV scooters, is going public at a discounted rate of around $4 billion (₹33,200 crore).

This amount is 25% lower than what the startup was worth in the last funding round. Bhavish Aggarwal planned to raise ₹5,500 crore through the public offering.    

Is this a strategic move or a sign of slowing growth? #KnowItAll with this article.

The RBI is cracking down on lax KYC (Know Your Customer) practices in the fintech sector. Apparently, some digital lenders and payment companies have been a bit too casual about verifying users.

Now, the central bank is demanding a stricter approach, including mandatory video KYC.

This means that just like us common folks, fintech startups should also forget skipping the line for usual safety checks.

Also Read: Why wealthtech is the secret weapon for modern investors?

Zee Entertainment just got a thumbs up from shareholders to raise ₹2,000 crore. The funding will be done via one or more tranches through private investors.

Although a clear plan for fund usage is not revealed, some amount will be utilised for business expansion.  

Will Zee Entertainment finally be able to redeem its reputation after the breakup with Sony India?

Swiggy, the food delivery giant, is showering its employees with its biggest ever stock option cash-out program - a cool $65 million (₹539.5 crore)!

Over 3,200 lucky employees across the company get to sell a slice of their stock holdings.

Is this a genius move to keep pre-IPO morale high, or is there something else cooking in Swiggy's kitchen?

#KnowItAll by reading this article.

Swiggy, the food delivery giant, is showering its employees with its biggest ever stock option cash-out program - a cool $65 million (₹539.5 crore)!

Over 3,200 lucky employees across the company get to sell a slice of their stock holdings.

Is this a genius move to keep pre-IPO morale high, or is there something else cooking in Swiggy's kitchen?

#KnowItAll by reading this article.

Bengaluru's latest ride-hailing app, Namma Yatri, just raised $11 million (₹91.3 crore) with Google on board! The investing round was led by Blume Ventures and Antler and the startup’s parent company, Moving Tech, plans to use funds for technology, R&D and boosting driver earnings.

They started with zero commission rides for drivers, then switched to subscriptions. Now they're offering cabs to compete with the big boys.

Is it trying to be everything to everyone, or a cunning underdog about to disrupt the game?

After a hot streak, investment in Indian AI startups plunged a staggering 91% to $8.2 million (₹68.06 crore) in Q2.

This data for equity funding of AI infrastructure and AI-as-a-service tech startups have seen ups and downs throughout the quarter.

Is this a sign of the apocalypse (hopefully not for the robots), or just a case of investor jitters?

Mutual fund managers are shifting gears, steering their bets away from public sector giants and towards flashier sectors like autos and IT.

HDFC Bank is leading the pack, but are they chasing growth or just the next big IPO?

One thing's for sure, this portfolio shuffle has left public sector companies feeling a bit deflated.

Tata Group is adamant in keeping controls of Air India post its merger with Vistara. All the familiar faces, including CEO Campbell Wilson, are likely to stay put.

But here's the twist: Vistara's CEO, on loan from Singapore Airlines, is apparently heading back to HQ.

So, is this a smooth handover or a sign of potential future bumps in the air?

Also Read: Will Vistara Take Off or Stall After Merging With Air India?

Invesco, a major investor in both Swiggy and Pine Labs, just slashed their price tags.

Swiggy’s valuation dropped to $12.3 billion (₹1.02 lakh crore) from $12.7 billion and Pine Labs went down from $3.8 billion (₹31,450 lakh crore) to $3.5 billion.

Did these Indian unicorns stumble, or is Invesco having a fire sale? 

Also Read: Swiggy's IPO is coming soon. Is it worth it?

TCS's profit grew 8.7% Y-o-Y to ₹12,040 crore, revenue climbed 5.4% to ₹62,613 crore, new deals worth $8.3 billion (₹68,890 lakh crore) rolled in, and the employee count finally stopped shrinking.

But the profit margin shrinks to 24.7% despite a raise-fueled spending spree.

Did the wage hikes eat into their bottom line, or is there more to the story?

Also Read: Tata Group is Bringing around 8 IPOs. #KnowItAll from this link.

Goldman Sachs is going all out on a hot new SaaS startup! The Wall Street giant is cozying up to Indian SaaS company MoEngage with a potential $35-50 million (around ₹415 crore) investment.

MoEngage has gathered around $182 million (about ₹1,510 crore) funding since its inception. However, Goldman is buying shares on the down-low from early investors.

So, is MoEngage worth investing in or is there something fishing that led to Goldman Sachs low move for startup’s valuation.

Tata 1mg is on a roll! It’s online medicine sales are up 21% to ₹1,968 crore for FY24, and losses are way down to ₹313 crore from ₹1,255 crore.    

The positive financials for the year 2023-24 also boosted Tata 1mg’s market share in the online medicine sector.

Is this the recipe for a healthy IPO, or are they just taking their vitamins and chilling for a while?

Is a price hike on your data plan a sign of things to come for Reliance Jio? While Mukesh Ambani remains tight-lipped, whispers of a blockbuster IPO are swirling.  

Jefferies, a global investment firm predicts a 2025 listing with a hefty $112 billion (around ₹9.29 lakh crore) valuation.

So, is this strategic preparation for a grand entrance on the stock market and would it be interesting for you?

Stay in tune for the answer with Finology Insider.