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The Reserve Bank of India (RBI) is sticking to its inflation forecast despite rising oil prices and geopolitical tensions. The repo rate remained unchanged at 6.25% for the tenth time with inflation forecast at 4.5%.

While the RBI remains optimistic, the situation in the Middle East is causing oil prices to spike. With higher oil prices, inflation could also rise.

So, what does this mean for you? Keep an eye on your wallet with Insider Bullets as rising prices could affect your daily expenses.

Ola Electric, the electric scooter star, just hit a new low. Its market value dipped below $5 billion (₹41,000 crore) for the first time since it went public.

What happened? Well, founder Bhavish Aggarwal and comedian Kunal Kamra got into a Twitter spat over Ola's service quality. Not exactly the best publicity.

Remember when Ola's IPO was one of the hottest things in town? Its value soared to over $7 billion (₹57,400 crore). Looks like things have taken a turn for the worse.

SaaS firm Whatfix, fresh off a $125 million (₹1,025 crore) funding round, is showering its employees and investors with cash!

They're launching a $58 million (₹476 crore) buyback program, giving people a chance to sell their vested stock options at a premium.

This isn't the first time Whatfix has done this – they've already run three successful buyback programs. Looks like they're taking good care of their team or is there something fishy about this!

Let us know your feedback!

Former cricket captain MS Dhoni is soaring to new heights with his investment in drone startup, Garuda Aerospace. Dhoni has pumped in ₹4 crore, boosting his stake to 1.1%.

Dhoni is excited about Garuda's global expansion and its potential to revolutionise industries like agriculture, defence, and consumer drones.

Garuda's CEO, Agnishwar Jayaprakash, is thrilled to have Dhoni on board, calling him a true inspiration.

Want to know more about Garuda Aerospace's journey?

Swiggy has just launched Bolt, a new service that promises to deliver food in just 10-15 minutes.

This is a major upgrade from their already impressive 30-minute average delivery time.

Swiggy is partnering with top-notch restaurants to ensure quality and speed. Should Blinkit and Zepto be worried?

Also Read: Swiggy is Bringing an IPO; to bet or not?

The consumer lending market is on fire, and fintech firms are reaping the rewards. Companies like Navi, Kreditbee, Moneyview, and Fibe are raking in the profits after a tough few years during the pandemic.

Navi, backed by Sachin Bansal, has seen its Assets Under Management (AUM) skyrocket to ₹10,190 crore in just personal loans alone. They've even turned a profit of ₹669 crore!

It's clear that the fintech lending sector is booming. Are you willing to cash in on this trend?

Google's new India MD, Roma Datta Chobey, is all about aligning with India's ambitious goal of becoming a developed nation. With her banking background and nine years at Google, she's ready to take the reins.

One big announcement: Google's genAI model is coming to India! This means businesses can harness the power of AI right here.

But India's size and diversity pose challenges. Chobey's focus is on making technology accessible and understandable for everyone, from rural areas to urban centers.

Ratan Tata is laughing all the way to the bank after Upstox bought back 5% of his shares. His initial investment saw a whopping 23,000% return!

Tata still holds the majority of his original stake in the startup. He first invested in Upstox back in 2016 and has been watching it grow ever since. The company has been on a roll, reaching a valuation of $3.5 billion (₹29,050 crore) in 2022.

Want to know more about Upstox? Click here for in-depth details.

OpenAI, the brains behind ChatGPT, just closed a massive funding round worth $6.6 billion (₹54,780 Crore). This brings its total valuation to a staggering $157 billion (₹13.03 Lakh Crore), making it one of the most valuable private companies out there.

Big names like Microsoft, Thrive Capital, and Khosla Ventures are backing this AI powerhouse. Even Nvidia is jumping on board!

This funding comes amidst some changes at OpenAI, including the surprising exit of their CTO, Mira Murati. Looks like the company is gearing up for big things!

Peak XV Partners, a big-name venture capital firm, is shrinking its latest fund by 16%. This is the second time they've cut down the fund since splitting from Sequoia Capital.

The fund, which was originally worth $2.85 billion (₹23,655 crore), will now be reduced by $465 million (3,859.5 crore). Most of the cuts are coming from growth-stage investments.

What does this mean for startups? It could mean less funding available, so founders need to be extra strategic in their fundraising efforts.

Stay tuned for more updates on the venture capital landscape with Bullets by Insider.

Indian IT companies are partnering with third-party sellers to boost their bottom line. This means they're making money from selling other companies' products and services to their clients.

While most companies pass these earnings directly to their clients, analysts predict big names like TCS, Infosys, and Birlasoft will announce higher third-party sales in their upcoming quarterly reports.

Infosys, for example, is expected to see a slight increase in revenue from selling third-party software. Investors are keeping a close eye on this and other key factors in the company's performance.

Be in the loop with more to come with Insider Bullets.

Fintech startup Cred had a good year, with revenue jumping 66% to ₹2,473 crore. However, their overall losses also increased by 22% to ₹1,644 crore.

Despite the losses, Cred's operating losses actually shrank, which is a positive sign. It seems they're making progress in managing their costs.

So, what does this mean for Cred's future?

SoftBank's Vision Fund is pouring a massive $500 million (₹4,150 crore) into OpenAI, the company behind the AI craze.

This investment is part of OpenAI's latest funding round, which is aiming to raise a total of $6.5 billion (₹53,950 crore).

OpenAI has been making waves with its groundbreaking AI technology. Will it create another masterpiece like ChatGPT?

Starting 1 October, life insurance returns are taking a hit! Both participating and non-participating policies will see lower returns due to new surrender value rules.

While you can now cash out after the first year instead of the second, the overall payout will be less.

What does this mean for you? It's time to reevaluate your insurance strategy. Don't get caught off guard!

Also Read: How to get your insurance claim approved, even if its been rejected!

Flipkart and Amazon are gearing up for a massive festive season, with sales expected to soar by 20-25% compared to last year!

Early data shows a strong start, with sales already up by 26% in the first few days.

The market is buzzing with excitement as shoppers take advantage of huge discounts and deals.

Also Read: The reality of Big Billion Days & Great Indian Festival

Bengaluru, once the undisputed king of Global Capabilities Centers (GCCs) in India, is losing ground. While the city has seen a surge in GCC units, its share of the national total has actually decreased.

From 2018 to 2024, the number of GCC units in Bengaluru grew by 41%. However, other cities have grown even faster, leading to Bengaluru's share dropping by nearly 4.5%.

Is Bengaluru losing its edge?

After a two-year legal battle, BharatPe and its co-founder Ashneer Grover have finally reached a settlement.

Grover is officially out of the company and will have no ownership stake. His shares will be transferred to a family trust.

This brings an end to a dramatic saga that has captivated the Indian fintech world. What does the future hold for BharatPe and Ashneer Grover?

WeWork's plan to exit India has hit a snag. The company's attempt to sell its stake in WeWork India has fallen through, despite approval from the Competition Commission of India.

This means WeWork India, a joint venture with Embassy Group, will remain in the Indian market. The company had been looking to raise ₹1,200 crore through a secondary transaction involving a consortium of investors.

So, what's next for WeWork India? Will they continue to expand their coworking spaces, or will they face more challenges?

HDFC Bank is shedding some debt! The Indian lender has sold off a chunk of housing loans worth around ₹6,000 crore and a pile of car loans worth ₹9,060 crore.

Why? HDFC Bank is trying to lighten their load due to stricter regulations. These loans were sold to state-owned banks and securitised into pass-through certificates.

So, what does this mean for borrowers and investors?

India is dreaming big as its planning on being the AI capital of the world. With their huge population, digital skills, and growing tech talent, they're well-positioned to make it happen.

But here's the catch: India's IT industry is mostly focused on exporting software. They need to invest more in domestic AI infrastructure to compete with the big players.

So, what's next for India's AI journey and will it be able to achieve the dream?