Bullets

India's Solar Energy Corporation (SECI) is doubling down on renewable energy! They're pledging ₹18,000 crore to expand their green capacity by 2030.

They're also planning to hit the stock market in the next one to two years.

The government wants to add at least 500 GW of clean energy by 2030, and SECI is leading the charge.

Want to know more about India's green energy push? Click here!

Bad news for Vodafone Idea as the Supreme Court rejected their plea to re-calculate their AGR dues.

This means they now owe even more to the government. Vodafone Idea is in a tough spot financially, and this ruling could push them to the brink. They're holding an urgent meeting with investors on September 23 to discuss their next steps.

Will Vi be able to survive this storm?

OYO, the Indian budget hotel giant, is making a big splash in the US! They've just agreed to buy Motel 6 and Studio 6, two iconic American hotel chains, for $525 million (₹4,357.5 crore).

This move is a major step for OYO as they expand their reach beyond India. It's also a big win for Blackstone Real Estate, who are selling the chains.

So, what does this mean for travelers?

Also Read: How does Oyo Rooms Make Money?

Adani Group is making a big play in the infrastructure space! They’re reportedly close to buying a significant stake in ITD Cementation India.

This move would add to their already impressive portfolio of airports, highways, ports, and more.

The deal could be worth ₹5,888 crore. If it goes through, Adani Group would become a major player in the engineering, procurement, and construction (EPC) game.

Noida-based astrology platform Astrotalk has seen its revenue skyrocket, more than doubling in just one year to ₹651 crore.

Not only that, their net profit has increased by a massive ten times to ₹94 crore.

Looks like people are turning to the stars for answers!

OpenAI is raising a massive $6.5 billion (₹53,950 crore), and the demand is so high, it's oversubscribed!

OpenAI’s biggest backer Microsoft Corp. and new investors Nvidia Corp. and Apple Inc., have more chances to get access.

This makes OpenAI a $150 billion (₹12.45 lakh crore) valued firm, without adding up the new investment.

Zomato is facing a hefty GST bill from West Bengal. The food delivery giant is being asked to pay ₹17.7 crore in taxes, interest, and penalties.

Zomato believes they're in the right and will be appealing the decision.

Want to know more about what Zomato is planning? Read here.

In a major setback, Indian telecom companies like Vodafone Idea and Bharti Airtel have lost their fight against the government over the re-computation of Adjusted Gross Revenue (AGR).

 The Supreme Court has rejected their curative petitions, which were their last hope. This is a big blow for the telcos, who are already struggling under huge debts.

Following this loss, Vi shares took a nosedive, dropping almost 10% after the news broke.

Will the government offer any relief to the struggling telcos?

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?