Bullets

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.

Battle between giants PhonePe and Google Pay is snagging a hefty 86% slice of the UPI pie. While this duopoly raises eyebrows at the NPCI, Amazon Pay India’s CEO, Vikas Bansal, is singing a different tune.

He insists it’s not just about grabbing market share but nurturing new payment innovations. From UPI wallets to credit lines, Bansal stresses on broadening the payments landscape.

Amidst all this, one wonders: is the future of digital payments a monopoly match or a diverse ecosystem waiting to blossom?

Also Read: Google Play Store's new rival is arising. Who is it?

Cognizant greenlit a hefty ₹4.1 crore payment to settle a legal issue involving their CFO, Jatin Dalal, and his former employer Wipro.

The sum covers not only Dalal’s settlement with Wipro but also his towering legal fees.

The saga began when Wipro, feeling the sting of Dalal's defection to Cognizant, alleged breaches in his contract, sparking a courtroom clash.

What drove this top executive to jump ship after two decades at Wipro? Was it just a career move or something more strategic?

Forget Flipkart vs Amazon, the government's got a new e-commerce contender: ONDC. This public network just hit 10 million transactions in June, with a 6.1 million non-mobility transactions and 3.9 million mobility transactions.

Meaning, the platform sells more couch cushions and groceries than cabs and rides.  

One thing's for sure, ONDC's not just shopping, they're testing loans and even passive funds.

Also Read: Will ONDC Kill Amazon & Flipkart?

The Delhi HC just cracked down on social media platforms (Whatsapp, Meta, Telegram) and banks (NPCI).

The High Court ordered them to freeze accounts mimicking Razorpay to commit fraud. The rising danger of digital scams led to the decision.

Looks like some online impersonators are getting razor-sharp justice!

Banks are building super apps for merchants loaded with features and aiming to steal the crown from payment giants like PhonePe.

HDFC Bank, Axis Bank, and Yes Bank have built apps like Smarthub Vyapar, Axis Neo, and Yes Biz. Through these one-stop-shop apps for businesses, banks plan on offering everything from payments to (potentially) insurance and credit through these apps.

Will these banking titans be able to defeat the major players of the sector?

Also Read: Is Paytm Going to Lose its Payment Bank Licence?

Pepperfry, the furniture retailer known for its comfy couches, has hit pause on going public. That’s right, now IPO ($250-300 million) for now.

Ditching the stock market spotlight for now, they're focusing on good old fashioned growth and profitability.

So, is this a strategic shift or a sign that the furniture market is about as firm as a beanbag chair?

Xiaomi is giving you a peek at their super sleek electric car, the SU7, but with a twist... they might not be selling it here!  

This powerful ride boasts a range of up to 800km on a single charge and a price tag that undercuts Tesla.

So is this just a glimpse of the future, or is Xiaomi ready to conquer Indian roads?

Zomato's experiment with hyperlocal deliveries went from "Xtreme" to "extinct." Launched with much fanfare, the service has been shut down due to a lack of takers.

But fret not, foodies! Zomato is reviving its intercity food deliveries helping consumers satisfy those regional cravings from afar.  

So, what went wrong with regular stuff delivery?

Also Read: Zomato Enters the Movie Tickert Business

Hitching a ride to the stock market, travel platform Ixigo zoomed past expectations with its first quarterly earnings!

Profit soared over 50% and annual revenue jumped 31%, however growth slowed in the last quarter.

Were they cutting corners to win passengers, or is this just a bump in the runway?

Also Read: What does Ixigo's IPO Mean for the Airline Industry?

Foxconn Chairman Young Liu just received a prestigious Indian award, the Padma Bhushan, for boosting the country's economy.  

Liu plans to visit India this year and may announce the future outlook for iPhone makers.

But hold on, isn't Foxconn facing discrimination allegations back home?  

Let's see how his visit to India this year unfolds.

Infosys and LTIMindtree are jostling for the lead, while TCS and HCLTech, the usual winners, might stumble.

Is this a changing of the guard or a temporary blip?

The answer might be revealed on July 11th when TCS announces its results. Will the tech titans reignite growth? Stay tuned!

Policybazaar and Paisabazaar's party just got a whole lot more interesting! Big investment firms like Capital Group, T Rowe Price, Fidelity and Vanguard are all grabbing stakes in the fintech giant.

Founders are cashing out, early investors are saying goodbye... is this a sign of a buying frenzy or something more?  

One thing's for sure, Policybazaar's next chapter is about to be a blockbuster!

Is Vodafone clearing Vi's dues with pocket change? The UK telecom giant may be considering selling off its remaining stake in Indus Towers to its Indian rival, Bharti Airtel.  

This fire sale could infuse ₹2,000 crore into Vodafone Idea, but will it be enough to plug the massive debt hole?

Analysts are sniffing around a potential debt binge by Vi too. One thing's for sure, this Indian telco's drama is far from over.

Also Read: Could Vi Finally Join 5G Services as Jio & Airtel?

The plot thickens in the Adani-Hindenburg drama! The short-seller claims India's market watchdog SEBI is giving them a hard time about their bets on Adani stocks.

But here's the real cliffhanger: is it just Adani they're protecting, or is there another powerful Indian businessman (Kotak) hiding in the shadows?

Looks like someone's afraid of a little scrutiny!

Also Read: Why did RBI Bars Kotak Mahindra Bank?

Looks like Vodafone Idea (Vi) might be losing its grip on its 2G users. While their bigger competitors Jio and Airtel are keeping cheap plans affordable, Vi just went ahead and raised theirs.

With a whopping 40% of Vi's base on these 2G plans, will they be tempted to switch ships?

Is Vi about to lose a big chunk of its subscribers?

Also Read: Could Vi Finally Join Jio & Airtel as a 5G Service Provider?

Looks like Zomato might have to spice up their accounting. The delivery giant just got hit with a surprise tax bill of ₹9.5 crore.  

Food delivery giant received the notice from Karnataka's commercial taxes authority. Zomato plans to file an appeal against the notice.
 
Did someone forget to tip the taxman? Will Zomato’s fight for a lower tab be a recipe for success?

Also Read: Zomato Enter Online Ticket Booking Business

Craving victory? You weren't the only one! India's cricket win over South Africa on 29 June wasn't just historic, it was a goldmine for food and beverage companies.

Restaurants and quick commerce deliveries saw a massive surge in sales during the match, with some even breaking records!  

Did celebrating with friends and family lead to a spending spree, or was it something else entirely? 

Reliance Industries, the Mukesh Ambani-led giant, just waltzed into the ₹21 lakh crore market cap club, leaving all other Indian companies in the dust!  

This comes after Jio upped the prices of its prepaid and postpaid plans. This took RIL’s stock prices up by 2% making a new record high of ₹3,129.85.

But here's the real question: are these price hikes the fuel for a long journey up, or just a pit stop before the real climb begins?