Bullets

Unilever is bringing its global luxury beauty brand, Hourglass, to India. This marks a major move into the high-end cosmetics market, which has been seeing a lot of action from both international giants and local startups.

Hourglass, known for its premium products and commitment to cruelty-free beauty, was founded in 2004 and joined the Unilever family in 2017.

Is India’s beauty segment going to be disrupted by yet another acquisition of HUL?

Reliance Infrastructure, led by Anil Ambani, announced a significant reduction in its standalone external debt, cutting it from ₹3,831 crore to ₹475 crore.

Following the news, the company's shares surged 7%, trading at ₹252.15 on the Bombay Stock Exchange (BSE).

How do you think Reliance Infrastructure's debt reduction will impact its future growth?

SpiceJet is facing some financial turbulence. The airline has admitted to not paying over ₹220 crore in taxes withheld from employees' salaries and owes another ₹135 crore in PF payments.

To make matters worse, SpiceJet claims that ₹72 crore in taxes from years ago are disputed. They also have outstanding dues for customs, service tax, and GST.

It seems SpiceJet has a lot to sort out before taking off smoothly.

Ayyappan R, the former head of Flipkart's travel arm Cleartrip, is gearing up to launch a new quick-commerce venture. He's eyeing a hefty seed funding from Accel and RTP Global.

This venture will focus on delivering premium products in a flash – think 20-30 minutes. But that's not all! There'll also be physical stores, making this a unique blend of online and offline shopping.

From groceries to fashion, this new player is set to offer a wide range of products.

Gone are the days of waiting weeks for online fashion returns! Quick commerce platforms like Blinkit and Zepto are now offering lightning-fast returns and exchanges for your clothes and accessories.

Blinkit has even started testing 10-minute returns. Customers can send back unwanted items in less time than it takes to watch a TikTok. Zepto isn't far behind, offering 72-hour exchanges for damaged or defective apparel.

Some brands are partnering with quick commerce platforms to allow customers to return items at their physical stores.

Kenya has just awarded a massive $1.3 billion (around ₹10,790 crore) contract to India's Adani Group and the African Development Bank to build new power transmission lines.

This is a big win for Adani, expanding their reach in Africa. The project is expected to boost Kenya's energy infrastructure and improve power supply.

Want to know more? Stay tuned with Bullets by Insider.

Bajaj Housing Finance's IPO made a splash on Monday, opening at an outstanding 114% premium! Shares debuted at ₹150 on both BSE and NSE, far surpassing the issue price of ₹70.

The buzz around the IPO was palpable even before listing, with shares trading at a premium of 120% in the grey market.

This massive interest is reflected in the subscription numbers – the ₹6,560 crore IPO was oversubscribed a staggering 67 times! Want to know more about this IPO? Read here.

The wait for Bajaj Housing Finance IPO allotment continues! While it was expected on Thursday, the process is now likely to be completed today.

 Once finalised, the shares are set to hit the exchanges on September 16th.

In the unlisted market, the buzz around the IPO is palpable, with shares trading at a premium of 114% to the issue price. That's a whopping ₹79 per share!

Are you eager to know if you got allotted shares? Let us know your feedback.

In a surprising twist, India's warring telecom giants might join forces to fight spam calls and messages. Airtel's CEO has proposed a system to Jio, Vodafone Idea, BSNL, etc. where companies share details of their official phone numbers. This would help track down and block spammers.

The telecom department and regulator are also on board, pushing for stricter rules and penalties for those who spread spam.

Is this the end of spam calls?

The drama at SEBI, India's market watchdog, is far from over. Employees are still at odds with their boss, Madhabi Puri Buch, a week after the regulator blamed "external elements" for their complaints.

While talks have been happening behind closed doors, there's still no agreement. Buch isn't directly involved, but she wants the employees to drop their complaints to the finance ministry.

So, what's next? Will the employees back down, or will this conflict escalate? Stay tuned with Insider Bullets to find out!

SpiceJet is facing a major setback after the Delhi High Court upheld an order grounding three of its engines. The airline has been ordered to return these engines to their lessors due to unpaid lease rentals.

The court has given SpiceJet 15 days to comply with the order. The airline is now scrambling to find a solution to this critical issue.

Will SpiceJet be able to resolve this problem?

Hindenburg Research is accusing the SEBI Chair, Madhabi Puri Buch, of maintaining a suspicious silence amid recent allegations. The shortseller claims Buch's private consulting firm received payments from several companies she regulated while at SEBI.

These companies include big names like Mahindra & Mahindra, ICICI Bank, Dr. Reddy's, and Pidilite. The allegations raise questions about potential conflicts of interest.

What do you think? Should the SEBI Chair address these claims?

Samsung is trimming its workforce in India due to slowing sales and declining market share. Over 200 executives are set to lose their jobs, affecting various departments from mobile phones to home appliances.

This comes as a shock, especially given that the company's Chennai factory is currently on strike, further disrupting production.

What does this mean for Samsung's future in India? Stay tuned with Insider Bullets to find out!

Uber's revving up in India, but they're struggling to keep up with demand. The problem? Not enough cars. 🚗💨

High costs are keeping drivers away, limiting the number of vehicles on the road. Despite this, Uber's seen a surge in both riders and drivers in recent months.

Can Uber find a way to make driving for them more attractive?

Swiggy is gearing up for a massive IPO, with plans to raise up to ₹5,000 crore. This is a significant increase from their initial target of ₹3,750 crore.

The company is set to hold an extraordinary general meeting on October 3 to get shareholder approval for this ambitious fundraising.

Will Swiggy be able to satisfy investors' hunger for growth? Read this article to know more about the upcoming IPO.

A Kenyan court has hit the brakes on a $1.85 billion (around ₹15,355 crore) deal between Kenya and India's Adani Group to run Nairobi's main airport for 30 years.

Critics argue that the deal is unconstitutional, raising concerns about transparency and accountability.

The legal battle is heating up, with human rights groups and lawyers fighting against the government's decision. Stay tuned with Bullets by Insider to see if this deal takes off or crashes.

Mahindra's electric vehicle division, MLMML, has just announced the name of their upcoming commercial electric four-wheeler: the e-ZEO.

The e-ZEO, which stands for "Zero Emission Option," is set to launch on October 3rd. It's designed to take on traditional gas-powered vehicles in the small commercial vehicle market.

With its high-voltage architecture, the e-ZEO promises better energy efficiency, longer range, and faster charging. Plus, it's more affordable for businesses.

Mahindra is already a leader in electric three-wheelers, and they're hoping the e-ZEO will be just as successful.

Also Read: Best Electric Vehicle (EV) Stocks in India

Matrix India, the early bird that invested in big names like Ola, Ola Electric, OfBusiness, and Razorpay, is now flying solo as Z47. This move echoes Sequoia US's split from its India and China units last year.

Why the change? According to Avnish Bajaj, Z47's founder, the decentralised structure of Matrix India made it a natural fit. The name and funds remain the same, and they're still investing in India thanks to the support of their US counterparts and LPs.

Want to know more about this venture capital shake-up?

India's biggest airline, IndiGo, is setting its sights on global domination! They're planning to double their international destinations by March 2025, targeting emerging markets that Indian travelers haven't explored much yet.

Not only that, but they're also looking to boost their cargo operations.

Want to know more? Stay tuned with Bullets by Insider.

Quick-commerce startup Zepto, fresh off a $1 billion (₹8,300 crore) funding spree, is eyeing a public debut. They're talking to top Wall Street banks like Morgan Stanley and Goldman Sachs to make it happen.

But there's a catch: they need to flip back to India first. This means moving their headquarters from Singapore to India, a trend among many Indian startups.

The IPO timeline depends on this move, but Zepto aims to list by next year. Their rivals, Instamart and Blinkit, are also gearing up for IPOs.

So, who will be the first to hit the market?