Bullets

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?

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.