Bullets

Remember Zomato Xtreme? The company's hyperlocal delivery service that got put on pause a few months back? Well, it's making a comeback!

While the exact details are still under wraps, Zomato is reportedly planning to relaunch Xtreme with a fresh twist.

It's likely to focus on intracity deliveries for both small & big businesses, similar to services offered by companies like Shadowfax and Porter.

First movie ticket business from Paytm and now fastrack delivery, will Zomato’s plans work?

Hyundai India is gearing up to make its debut on Dalal Street with a massive ₹27,856 crore IPO. This could be the start of a new trend, as other South Korean chaebols may follow suit, especially given the challenges they face at home.

While Hyundai Motor Company is valued at a mere 5x PE, its Indian subsidiary is commanding a much higher valuation of over 26x.

This is largely due to the undervaluation of South Korean stocks caused by corporate governance concerns, geopolitical risks, and regulatory hurdles.

Will Hyundai India's IPO be a blockbuster? Stay tuned to Bullets by Insider for all the updates.

In 2016, a tech startup named OpenAI applied to become a tax-exempt charity. Their goal? To develop artificial intelligence that benefits everyone, not just their bottom line.

One of OpenAI’s founders, Sam Altman, even loaned the company $10 million (₹83 crore) to get started.

So, what’s the big deal? Well, OpenAI has since become a major player in the AI world, with projects like ChatGPT making waves.

TCS, the IT giant, just reported its quarterly results, and they're not great. The company's earnings are down, and they're blaming it on a mix of factors like weak spending and cautious clients.

This is a big deal because TCS is the leader of the $250 billion (₹20.75 lakh crore) IT services industry. If they're struggling, it could mean trouble for the whole sector.

Will TCS be able to turn things around, or is this just the beginning of a bigger slowdown?

Reliance Industries is reportedly in talks to buy a stake in Karan Johar's Dharma Productions. This move could make Reliance a major player in the Indian content production industry.

The size of the deal is still unknown. Karan Johar has been sitting on capitalising Dharma Productions for a while.

Could this opportunity be what brings KJo the golden chance to deal with the top player in the sector?

Elon Musk just unveiled Tesla's futuristic robotaxi, the Cybercab! It's said to be available as early as 2026 for under $30,000 (₹24.9 lakh).

Musk showed off the Cybercab on stage, giving a glimpse into the future of transportation. This robotaxi is a key part of Tesla's plans to dominate the AI market.

This raises the question: Wasn’t Elon Musk just warning us to slow down with AI?

Several big names in the Indian power sector are eyeing Hiranmaye Energy, a Kolkata-based thermal power producer.

The company's assets are set to go under the hammer in mid-October with a reserve price of ₹1,300 crore.

Jindal Power, Vedanta, and CESC are just a few of the players interested in acquiring this thermal plant. The race is heating up as these companies vie for a piece of the Kolkata power market.

Who will win the bid? Stay tuned with Bullets by Insider find out!

Accenture's consulting business is on the rise, suggesting that international clients are starting to spend more freely.

Consulting is a game-changer for tech firms. It helps them build bigger businesses and grow steadily. While outsourcing just gets them a seat at the table, consulting is where the real deals are made. With the rise of AI, consulting skills are more important than ever.

So, are Indian IT firms ready to step up their consulting game?

Ratan Tata, the visionary leader behind the Tata Group, passed away on 09th October, 2024. With his guidance, the Tata Group soared to global heights, navigating economic reforms and globalisation with grace and foresight.

Tata's legacy extends beyond business. Renowned for his humility, compassion, and ethical leadership, he has inspired generations of entrepreneurs and philanthropists.

Want to learn more about Ratan Tata's inspiring journey? Read here.

Swiggy, the food delivery giant, is gearing up for its IPO with a massive stock giveaway to its founders and top executives. The company has granted them employee stock options worth $271 million (₹2,249.3 crore)!

Sriharsha Majety, Swiggy's founder and CEO, is the biggest winner, receiving nearly $200 million (₹1,660 crore) worth of stock.

Other key executives like Nandan Reddy, Phani Kishan Addepalli, and Rahul Bothra also got significant shares.

Want to know more about Swiggy's IPO plans? Read here.

The RBI just increased the limits for UPI Lite and 123Pay.

Users can now use UPI Lite for transactions up to ₹1,000 per payment and store up to ₹5,000 in your wallet. And for UPI 123Pay, the limit has jumped to ₹10,000 per transaction.

This means more convenient and hassle-free digital payments for everyone. Know more about UPI and its related myths from here.

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!