Bullets

The government is getting serious about data privacy! They're shutting down companies that are illegally using your personal information, like your PAN card number.

These companies were using this data to create detailed profiles of users, which they then used for targeted marketing and other purposes.

It's a wake-up call for all tech companies to ensure they're handling your data responsibly.

Also Read: Will the Digital India Act destroy the Indian data ecosystem?

Noel Tata, the newly appointed chairman of Tata Trusts, is stepping into a bigger role. He's now also a board member of Tata Sons, the main company of the Tata Group.

This marks a significant moment as it's the first time since 2011 that a family member is on the boards of both Tata Trusts and Tata Sons.

With the Tata Trusts holding a major stake in Tata Sons, Noel Tata's influence on the group's future is undeniable.

Want to know more about the Tata Group's future? Click here.

Cred, the fintech unicorn known for its payment and lending services, is now venturing into insurance!

Their new platform, Garage, helps users track vehicle expenses, pending traffic fines, and insurance renewals. Plus, they offer roadside assistance for those unexpected breakdowns.

While the vehicle management features are free, Cred plans to earn through insurance commissions.

Indian telecom giants, Jio, Airtel, and Vi, have struck gold! They've managed to negotiate massive discounts on network equipment from global tech giants like Nokia and Ericsson.

These deals, worth billions of dollars, are up to 40% cheaper than global prices. India's massive market and scale give it a significant advantage. For instance, a 5G base station, typically costs around $50,000.

Vodafone Idea, in particular, drove a hard bargain for its recent ₹30,000 crore deal, offering a lifeline to vendors who've seen a slowdown in global 5G deployments.

Indian stocks started the week on a gloomy note, with the Sensex and Nifty falling sharply.

Banking, finance, and IT stocks were the biggest losers. The market cap of all listed companies on the BSE also took a hit, dropping by a massive ₹5.56 lakh crore.

Investors are worried about the upcoming US presidential election and the possibility of another interest rate cut by the Federal Reserve.

What's next for the markets? Stay tuned with Bullets by Insider for news that matter.

Swiggy, the food delivery giant, is gearing up to go public! Their IPO is set to be a massive event, with a price range of ₹371-390 per share.

This could value the company at $11.3 billion (₹94,920 crore)! Swiggy's last valuation was $10.7 billion (₹89,880 crore), so this IPO is a big step up.

The IPO is expected to launch on November 6th.

Curious to take a bite out of this IPO? Read this article to get full details.

Beware! Cybercriminals are getting smarter. They're exploiting Domestic Money Transfer (DMT) networks to launder their ill-gotten gains. By transferring money through multiple mule accounts, they're trying to evade detection.

This shady practice is putting a spotlight on DMT players. Many of them are facing account freezes as law enforcement agencies investigate suspicious transactions.

Don't let yourself become a victim. Be cautious when making online transactions and keep an eye on your bank accounts.

Quick commerce platforms like Blinkit, Instamart, and Zepto are racing to grab a bigger slice of the Diwali pie!

To entice shoppers, they're offering exciting features like EMIs, postpaid options, and even 10-minute returns on fashion items.

With their lightning-fast delivery and tempting discounts, these platforms are seeing a surge in Diwali gift orders.

Want to know more about this quick commerce craze? Stay tuned with Finology Insider.

The Tata Group, known for its diverse businesses, is jumping on the quick commerce bandwagon!

Their new venture, Neu Flash, will offer speedy delivery of groceries, electronics, and fashion items. This move comes as customer demand for rapid deliveries in metro cities continues to soar.

Tata will leverage its existing platforms like BigBasket, Croma, and Tata Cliq to power this new service.

Want to know more about this exciting development? Stay tuned with Bullets by Insider.

PhysicsWallah, the online learning platform, is making a big move offline! They aim to rake in ₹1,050 crore this year from their physical centers.

To achieve this, they're expanding their reach to new cities like Udaipur, Pune, and Indore, while doubling down on major hubs like Mumbai, Bengaluru, and Delhi.

They're even venturing into new regions like Jabalpur, Pulwama, and Chennai.

With a recent $210 million (₹1,764 crore) funding boost, PhysicsWallah is well-positioned to grow its offline network to around 200 centers.

Waaree Energies, a solar energy solutions company, had a dazzling stock market debut! Their shares listed at 69.7% premium over the issue price.

This IPO was a blockbuster, attracting bids worth a staggering ₹2.41 lakh crore! That's a record-breaking number, making it the most subscribed IPO in Indian history.

Want to know more about IPOs? Click here.

Acko General Insurance is raking in the cash! They're currently in talks to close a secondary deal worth $100-120 million (over ₹840 crore).

Some of Acko's early backers, including tech titan Narayana Murthy's Catamaran Ventures and PE fund Chrys Capital, are looking to cash in on their investment.

Want to know more about this exciting development? Subscribe to our newsletter to get all the juicy business insights.

SpaceX and Amazon want a piece of India's internet pie, but telcos aren't giving up their spectrum without a fight!

Indian telecom companies spent ₹5.5 lakh crore on acquiring spectrum, which is essential for providing internet services.

These companies are worried that new satellite internet players like Starlink and Kuiper might get a free ride on spectrum pricing.

Telcos are demanding that these new players pay market prices for spectrum, just like they did. Will they win this battle?

Adani's empire is soaring higher! Their latest venture, Celeritas International FZCO, is a new company set up in the UAE.

With a capital of AED 100,000, this new entity will operate from the Jebel Ali Free Zone. Though it's still in its early stages, it's clear that Adani is eager to expand its global footprint.

Want to know more about Adani’s ambitious plans? Check out this article.

Elon Musk just got a massive wealth boost thanks to Tesla's incredible stock performance. The EV giant's shares surged by a whopping 22% in a single day, pushing Musk's net worth up by a staggering $33.5 billion (~₹2.81 lakh crore).

This marks a major turnaround for Tesla, which had been struggling with declining sales.

But with strong quarterly profits and promising growth forecasts, it seems like the electric car giant is back on track.

Ratan Tata, the legendary industrialist, has made sure his beloved German Shepherd, Tito, will be cared for long after he's gone. In his will, he's set aside unlimited funds to ensure Tito's happiness and well-being.

Tata's longtime cook, Rajan Shaw, will be Tito's guardian, a testament to their deep bond. Tata's butler, Subbiah, will also be taken care of.

Want to know more about Ratan Tata's legacy? Click here.

ITC just announced some good news for investors! The company's revenue for the last quarter jumped by almost 16% to ₹22,282 crore. And their net profit rose by 2% to ₹4,993 crore.

Looks like ITC's FMCG business is doing well!

Know more about the company with this article link.

After facing some challenges, Paytm has finally received the go-ahead from the National Payments Corporation of India (NPCI) to onboard new UPI users.

This means that more people can now use Paytm's UPI services to make quick and easy payments.

While this is good news for Paytm, it's important to remember that they still need to follow all the rules and regulations set by NPCI.

Know more about how Paytm got banned and where is it now from here.

Insurance startup Acko is seeing some big changes. A few early investors are selling their shares for $100-120 million (₹830 crore).

Catamaran Ventures, one of Acko's earliest backers, is unloading most of its stake. The new owners include Enam Group's family office, Arpwood Capital, Caratlane founder Mithun Sacheti, and veteran investor Madhu Kela. Even existing investor General Atlantic is buying more shares.

But there's a twist: The deal is happening at a discount to Acko's previous valuation. So, is this a sign of trouble, or just a smart business move?

Zomato is feeling a little festive and has decided to treat us to a slightly higher delivery fee. Starting this festive season, you'll be paying ₹10 per order instead of the previous ₹7.

According to Zomato, this extra cash helps keep the lights on and maintain their services during peak times.

Looks like Swiggy is also in on the fee-raising action, having recently increased their platform fee as well.

Also Read: Zomato is Entering the Movie Business with Paytm