Bullets

India's semiconductor mission is getting a cash infusion! The government is considering a second allocation of up to $10 billion (₹83,000 crore) to fund potential chip factories.

This comes on the heels of approvals for $11 billion (₹91,300 crore) in the first phase, including the big Tata Group chip factory.

With more proposals on the table, including a mega chip plant by Israeli firm Tower Semiconductor and the Adani Group, the government needs more money to keep the momentum going.

Also read: Top Semiconductor Stocks in India

BigBasket's B2C unit, Innovative Retail Concepts, saw a small increase in revenue last year. Sales rose to ₹7,885 crore, up 6% from the previous year. They also managed to cut their losses by a significant 17%.

While this growth is good news, BigBasket still faces challenges in a competitive market. They'll need to continue to innovate and find ways to cut costs to stay ahead.

Want to know more about BigBasket's strategy?

Shares of Vodafone Idea took a nosedive on Friday, dropping by a whopping 14%. This plunge came after Goldman Sachs slapped a target price of just ₹2.5 on the stock, suggesting a potential downside of up to 83%!

Goldman Sachs is predicting even more trouble for Vodafone Idea, forecasting a further 300 basis points of share loss over the next few years.

What will happen to Vodafone Idea? Know more with this article.

Nykaa is not happy with its former chief business officer, Gopal Asthana, who has now joined Tata Cliq. It has filed a lawsuit against Asthana, accusing him of stealing company secrets and trying to hurt Nykaa's business.

Nykaa claims that Asthana tried to lure several Nykaa employees to Tata Cliq, and some of them actually left.

The beauty firm is seeking a refund of over ₹24 crore from Asthana, citing lost money and damage to their reputation. They also want to stop Asthana from using any of Nykaa's confidential information at Tata Cliq.

Britannia Industries is eyeing expansion in Northeast India. The company is in talks to buy a majority stake in Kishlay Foods, a leading snack maker in the region.

Kishlay Foods, with brands like Non-Stop and Kishlay, has a strong presence in the market. Britannia hopes to leverage this to boost its own sales and reach in the region.

The deal is still in the works, but if it goes through, it could be a significant move for both companies.

Reliance is gearing up to spend a whopping ₹3,900 crore on its FMCG business! This major investment aims to take on giants like HUL, ITC, and Coca-Cola in the competitive Indian market.

Reliance Consumer Products (RCPL) recently got the green light from its board to raise this capital through a mix of equity and debt.

Will this move help Reliance become a major FMCG player? 🤔

Byju's is shaking things up in its bankruptcy proceedings. The company's IRP has kicked out Glas Trust Co, a representative of US lenders, from its committee of creditors.

The IRP decided Glas Trust doesn't represent enough of the lenders who gave Byju's a $1.2 billion (around ₹9,960 crore) loan. This move has led to a legal battle, with Glas Trust challenging the IRP's decision.

Who will win? Stay tuned with Insider’s Bullets.

Nvidia, the king of AI chips, is facing heat over potential market manipulation. Despite crushing earnings and soaring demand, their stock took a hit.

Some are questioning if Nvidia is playing fair in the competitive AI chip market. But Nvidia insists they've earned their success through innovation and customer satisfaction.

With rivals hot on their heels, the AI chip race is heating up.

UPI is getting a family-friendly upgrade! UPI Circle allows users to link multiple bank accounts to a single UPI ID, making it easier for everyone in your household to pay and receive money.

Big payment apps like Amazon Pay, Google Pay, and PhonePe are already testing this feature, and NPCI's Bhim is about to join the party.  

So, do you think this feature will be able to simplify finances?

Also read: AI In UPI Payments: How Safe Is Your Money?

With piles of cash from recent investments, grocery delivery companies like Zepto are on a mission to build more dark stores. These micro-warehouses are key to speedy deliveries, but finding the right spots in big cities is getting tougher and costlier.

The companies are also hiring aggressively to manage their growing operations and supply chains, even poaching from each other!

According to a report, they are planning to almost double their dark store networks in the near future. Are we going to see a major revolution in the grocery delivery sector?

PayU, a major digital payments company, is expanding its consumer fintech offerings. They're using their LazyPay platform to build a consumer payments and credit platform.

Their CEO, Anirban Mukherjee, says they're growing fast and want to build a strong consumer brand around LazyPay. They're aiming to become a full-stack fintech player, offering everything from payments and credit to wealth management and insurance.

PayU is also planning an IPO soon, but they haven't given a specific timeline.

Indian IT giants HCLTech and Wipro are receiving ample attention from the banking, financial services, and insurance (BFSI) sector! After a bit of a slump, discretionary spending in BFSI is on the rise.

HCLTech and Wipro are both reporting an increase in projects that aren't just about cutting costs. This is a welcome change for the IT industry.

So, what does this mean for you? Well, it's a sign of a stronger economy and more opportunities in the tech world.

A major Indian bank is facing backlash over its plan to buy out its brokerage arm. Shareholders are up in arms about the terms of the deal and how the market regulator, SEBI, allowed the delisting to happen without compensating minority investors.

The shareholders have filed multiple lawsuits in different courts, challenging the delisting and the terms of the buyout. The battle is far from over, and the outcome could have significant implications for other companies looking to delist their subsidiaries.

Stay tuned for updates on this unfolding drama with Bullets.

Infosys has put over 1,500 freshers on hold. Only 115 of them have been given a September 2nd joining date. The rest are left wondering what's going on.

This hiring freeze is part of a broader trend in the tech industry. Economic uncertainty and automation are making it tougher to find jobs. Students, unions, and the public are all putting pressure on Indian IT companies to address the delays.

This is not the only mishap Infosys has been a part of. Click here to know more.

Black Box, a global tech integrator, is eyeing the Indian data center market as a prime opportunity for growth. They're on the hunt for partnerships or acquisitions to make their move.

The company, which already serves top tech giants in over 35 countries, is aiming for a whopping $2 billion (₹16,600 crore) in revenue within the next four years.

So, who will Black Box partner with to make its mark in India?

Billionaire Shiv Nadar's tech giant, HCLTech, is spreading its wings! The company is now eyeing new markets like India, Africa, and the Middle East to diversify and boost revenue.

HCLTech shared its growth plans at a recent investor event, highlighting their expertise in engineering and research & development. It is capitalising on the rising demand for semiconductors and aiming to expand their reach in key areas and emerging markets.

Want to know more about HCLTech's exciting plans? Stay tuned with our Bullets page.

Zepto, the speedy grocery delivery startup, just got a massive cash injection of $340 million (around ₹2,822 crore). That brings their total funding in the past two months to an amazing $1 billion (₹8,300 crore)!

This new round of funding has pushed Zepto's valuation up to $5 billion (₹41,500 crore). That's a 3.5x increase in just one year!

Looks like the rapid-delivery trend is here to stay, and Zepto is leading the charge. Know more from this article.

Vistara is finally merging with Air India, and the Vistara brand is slowly fading away. Starting September 3rd, customers will have to book tickets on the Air India website.

While Vistara flights will still be flying until November 11th, all those planes will eventually join the Air India fleet.

What does this mean for the Vistara brand and how the merger will take place? Know it all from this link. 🠠

Zerodha, popular stockbroking platform, is planning to combine its trading and mutual fund apps into one. This would in turn allow users to buy and sell stocks and mutual funds from the same place!

While they haven't given a specific timeline, they're aiming for this change to happen within the next six to nine months. This move could make investing even easier for Zerodha users.

Billionaire Gautam Adani's wealth has skyrocketed by a massive 95% in the past year, reaching a staggering ₹11.6 lakh crore. This comes despite all the negative publicity surrounding the Hindenburg report, which accused his group of financial misconduct.

The 2024 Hurun India Rich List report confirms Adani's dominance, placing him at the top for the second year in a row. His family's wealth has increased by ₹5,65,503 crore since last year.

Want to know more about Adani's business empire and the Hindenburg controversy? Go to this article link.