Bullets

Indian stocks took a major hit today, with the Sensex plunging over 1,000 points! The culprit? The US Federal Reserve's hawkish stance on interest rates.

Investors are worried about the impact of higher interest rates on global economic growth and corporate earnings.

Should you be worried about your investments? Read more with Finology Insider to make an informed decision.

Digital lenders are changing their strategy as RBI tightens rules on unsecured loans. They're now focusing on secured lending, offering loans against property, business loans for small businesses, and green financing.

While some lenders are using a mix of online and offline methods, others are going door-to-door to offer loans.

However, they're facing challenges like physical verification and collateral checks, which can slow down the process.

Mobikwik's shares made a strong debut on the stock market today, opening at a premium of over 50%. This means investors who bought the shares in the IPO are already seeing significant gains.  

The company's strong performance in the grey market, where shares trade before the official listing, was a good indicator of its potential.  

Interested about the company's fundamentals? Know it all from here.

Athera Venture Partners, the tech-savvy investor, has secured a major boost from HDFC Asset Management Company. This new partnership will fuel Athera's fourth fund, aiming to raise a whopping ₹900 crore.  

With this investment, Athera is strengthening its position as a leading early-stage investor, backing innovative companies like Pixxel and Euler Motors.  

Know more about the EV sector from a detailed analysis here.

The Supreme Court has paused the ongoing antitrust cases against e-commerce giants Amazon and Flipkart. These cases were initially being heard by the Karnataka High Court.

The top court has decided to transfer all antitrust cases involving these companies to the Karnataka High Court. This means that all related cases will now be consolidated and heard in one place.

The next hearing for these cases is scheduled for January 6th.

Ola, the ride-hailing giant, is about to shake up the food delivery scene! They're gearing up to launch on the ONDC platform, which could give them a significant boost in the food delivery market.

With ONDC, Ola can tap into a wider network of restaurants and reach more customers. This could mean more options, better deals, and faster deliveries for you!

Know more about the ONDC landscape with this article.

2024 was a year of big moves in the Indian tech industry! Many top executives switched roles, with some of the biggest changes happening at Flipkart.

Amitesh Jha, who used to lead Flipkart's marketplace, is now the CEO of Swiggy Instamart. Other key departures from Flipkart include Ayyappan R, Dheeraj A, and Bharath Ram.

It seems like the Indian tech industry is constantly evolving, with new leaders emerging and old ones moving on to new challenges.

Also Read: Key Leaders of Tata Throughout The History

Wipro, one of India's tech giants, is gearing up for a growth spurt! They're investing in their employees to stay ahead of the curve.

The company's HR head, Saurabh Govil, says that Wipro is focusing on developing its internal talent to drive future growth.

Keep an eye on the tech developments for Wipro with Bullets by Insider.

Zomato is in hot water with the taxman! The food delivery giant has been slapped with a ₹803 crore tax demand for unpaid taxes, penalties, and interest.

The dispute centers around whether food delivery platforms are liable to pay taxes on delivery fees.

How will this demand affect the company's future?

Know what's new with Zomato from here.

Reliance Brands is breaking up with two of its fashion partners: Replay and G-Star RAW.

The reason? Slow sales and changing consumer preferences. Many G-Star stores have already closed their doors, and Replay's fate looks similar.

Reliance is now focusing on other international brands that they think will resonate better with Indian consumers.

What do you think about Reliance's decision? Know everything when it comes to Reliance from here.

Zepto, the speedy grocery delivery startup, is growing at lightning speed! Their revenue zoomed 120% in the last fiscal year. While they're still burning cash, the good news is that their losses are shrinking.

CEO Aadit Palicha is optimistic about the future and believes they'll be profitable soon.

Curious about Zepto’s business model and its futuristic strategies? Click here.

Oyo's value is on the rise! Nuvama Wealth has invested ₹100 crore in Oyo's parent company, valuing the hotel chain at a $4.6 billion (₹38,640 crore).

This investment shows that investors still believe in Oyo's potential, despite recent challenges.

Is Oyo on the path to recovery? Know in detail about its journey so far from here.

Zomato's got a big tax headache! The food delivery giant has been slapped with a ₹803.4 crore tax demand by the GST authorities.  

This hefty bill covers unpaid taxes from October 2019 to March 2022. Zomato is now working to resolve this issue.  

Know more about Zomato’s future plans and their entrance into the entertainment business from here.

Bluestone, the sparkling jewelry retailer, is gearing up to dazzle the stock market with its upcoming IPO. The company is eyeing a valuation of ₹12,000-13,000 crore, a significant jump from its recent private funding round.

This IPO will raise around ₹3,000 crore, with both fresh shares and existing investor stakes being offered.

Curious about the upcoming IPOs? Read more from here.

ChatGPT, the AI chatbot sensation, is currently down. Users worldwide are unable to access the service, along with other OpenAI platforms like the API and Sora.

OpenAI has acknowledged the issue and is working on a fix. They promise to keep users updated.

Is ChatGPT working on your end?

FirstClub, a fresh quick commerce startup, has just raised a whopping $8 million (₹67.2 crore) in seed funding.

Founded by the former CEO of Cleartrip, this platform aims to offer premium, fresh products right to your doorstep. Think high-quality groceries and other goodies.

FirstClub plans to launch in Bengaluru by mid-2025 and then expand to other major cities.

Know more about the startup landscape from Finology Insider.

Zepto's 10-minute food delivery service, Cafe, is getting its own dedicated app! The app is set to launch next week, promising faster and easier food ordering.

Zepto is on a roll, opening over 100 new Cafes every month and already delivering 30,000+ orders daily!

Know more about the startup’s growth plans and funding activities from here.

India is aiming to become a global tech hub! 🌍 The government is working on a new policy to encourage the setting up of Global Capability Centres (GCCs) in smaller cities.

This move will not only create more jobs but also boost the economy of these regions. The new policy will offer additional incentives beyond what state governments are already providing.

Are you excited about India's growing tech scene? Know more about the top locations by starting with Bengaluru.

Adani Group is facing a major debt crunch, with nearly $1.7 billion (~₹14,280 crore) in loans coming due in the next few months. The biggest chunk of this debt, a whopping $1.05 billion (₹8,820 crore), is owed by Adani Green Energy.

Adani Cement and Adani Ports are also facing significant debt repayments. This news comes amid ongoing concerns about the group's financial health.

Will Adani Group be able to manage its debt? Read more from here.

Lenovo is doubling down on Indian manufacturing! Their Puducherry plant is gearing up to produce powerful GPU-based servers, which will also be exported globally. 🌍

Plus, all Motorola phones sold in India are now made in India, with a significant portion exported to North America. 🇺🇸

Lenovo's Bengaluru lab is a hotbed of innovation, working on cutting-edge server technology.

Also Read: How did Bengaluru became the unicorn generating platform in India?