Bullets

The billionaire mastermind behind Tesla and X (formerly Twitter) is at it again. Musk has thrown a $5 billion curveball, asking his loyal X followers if Tesla should invest in his AI startup, xAI.

A whopping two-thirds said "yes." Given Tesla's recent profit slump, this move seems as likely as a self-driving car navigating a crowded mall.

After blaming competitors' dependence on AI, is this hypocrisy from Musk's end?

Fintech firm Cred is aiming to be your one-stop money shop. The company, known for rewarding good credit, is launching 'Cred Money'.

This would be a platform to manage all bank accounts in one place.

Here’s the million-dollar question: Will this new move turn Cred into a full-fledged digital bank?

India's budget is a sugar rush for the economy, aiming to pump up consumption and keep the growth party going.

With a hefty focus on jobs, skills, and infrastructure, the plan is to create a ripple effect that boosts spending across the board. Inflation's been staying low and steady at around 4%, while the economy has been on a growth streak above 7% since 2021, hitting an estimated 8.2% this year.

Will this spending spree translate to more money in people’s pockets? After all, consumption and GDP are usually BFFs.

Capex Budget: ₹1.1 Lakh Crore

Fiscal Deficit: 4.9% of GDP

Standard Deduction Increased From From ₹50,000 to ₹75,000.

Income Tax Slabs Changed For New tax Regime:

Central Government's Focuses on the following 9 priorities:

1. Productivity & resilience in Agriculture
2. Employment & Skilling
3. Inclusive Human Resource Development & Social Justice
4. Manufacturing & Services
5. Energy Security
6. Urban Development
7. Infrastructure
8. Innovation and Research & Development
9. Next Generation Reform

In a steamy plot twist, Amazon just eyed a portion of Swiggy's Instamart service right before Swiggy's $1.25 billion IPO (₹10,375 crore).

As per inside reports, Amazon is planning to pick up a stake or a buyout proposal in the pre-IPO placement.

With no official offer on the table yet, the heat is on for Amazon to act fast. Will this be a match made in delivery heaven or a kitchen nightmare?

Reliance Industries took a tumble on Monday, with its stock price dropping 3% after missing profit expectations.

Analysts are divided: Jefferies chilled their target price by a bit to ₹3,525, but Nuvama gambled big with a whopping ₹3,786 target.

So, is this a buying opportunity or a sign RIL's empire is built on shaky ground? Only time, and the next quarter's results, will tell.

Also Read: Reliance Jio is Planning on Bringing an IPO: An Analysis

A single software update from cybersecurity giant CrowdStrike sent the world into a digital tailspin. Flights grounded, banks locked down and many more disruptions.

The $83 billion (₹6.8 lakh crore) worth CrowdStrike has 20,000 subscribers including Microsoft & Amazon. A defect in Windows caused the havoc around the globe.

So, is this a glitch in the matrix, or a sign we've built our house of cards on a server in the cloud?

Infosys stock is soaring rapidly after smashing profit expectations and upping their growth guidance from 3-4%.  

Infosys’ net profit rose 7.1% on-year to ₹6,368 crore with analysts predicting 1-3% revenue growth for FY25.

The surprise revenue hike has analysts scrambling to adjust their targets, leaving one question: is this a long-term trend or a temporary blip in the matrix?

Also read: Infosys Vs TCS: Who is the Better One?

Paytm's loss seems to be increasing rapidly to ₹839 crore and revenue dipped 36% to ₹1,502 crore vs ₹2,342 crore.

But wait, there's more! To add some intrigue, Paytm is revamping their health insurance plan to cover everyday needs.

Is this a genius pivot or a desperate attempt to stay afloat?

Remember the Snapdeal founders who gambled a measly ₹57 lakh on a startup back in 2015? Founders Kunal Bahl (Snapdeal) and Rohit Bansal (Titan Capital) just cashed out of Urban Company with an astounding ₹111 crore - a nearly 200-times return!  

They sold their stake in Urban Company to Vy Capital’s Dharana Capital.

Did they have a crystal ball, or is there more to this comfy home service platform than meets the eye?

IDBI Bank is on the auction block, and the RBI just gave the thumbs up to potential buyers. The government hopes to rake in ₹29,000 crore through divesting its stake in IDBI Bank after waiting since May 2021.

LIC (49.28%) and government (45.48%) jointly own 94.72% of IDBI Bank. Some experts believe that the deal is a bit on the soft side for the central government.

With a tight-lipped foreign bidder still in the mix, will this privatisation be a dream deal or a financial flop?

Also Read: LIC is entering health insurance. Is it time to change policies?

Ola Electric, the EV company known for its EV scooters, is going public at a discounted rate of around $4 billion (₹33,200 crore).

This amount is 25% lower than what the startup was worth in the last funding round. Bhavish Aggarwal planned to raise ₹5,500 crore through the public offering.    

Is this a strategic move or a sign of slowing growth? #KnowItAll with this article.

The RBI is cracking down on lax KYC (Know Your Customer) practices in the fintech sector. Apparently, some digital lenders and payment companies have been a bit too casual about verifying users.

Now, the central bank is demanding a stricter approach, including mandatory video KYC.

This means that just like us common folks, fintech startups should also forget skipping the line for usual safety checks.

Also Read: Why wealthtech is the secret weapon for modern investors?

Zee Entertainment just got a thumbs up from shareholders to raise ₹2,000 crore. The funding will be done via one or more tranches through private investors.

Although a clear plan for fund usage is not revealed, some amount will be utilised for business expansion.  

Will Zee Entertainment finally be able to redeem its reputation after the breakup with Sony India?

Swiggy, the food delivery giant, is showering its employees with its biggest ever stock option cash-out program - a cool $65 million (₹539.5 crore)!

Over 3,200 lucky employees across the company get to sell a slice of their stock holdings.

Is this a genius move to keep pre-IPO morale high, or is there something else cooking in Swiggy's kitchen?

#KnowItAll by reading this article.

Swiggy, the food delivery giant, is showering its employees with its biggest ever stock option cash-out program - a cool $65 million (₹539.5 crore)!

Over 3,200 lucky employees across the company get to sell a slice of their stock holdings.

Is this a genius move to keep pre-IPO morale high, or is there something else cooking in Swiggy's kitchen?

#KnowItAll by reading this article.

Bengaluru's latest ride-hailing app, Namma Yatri, just raised $11 million (₹91.3 crore) with Google on board! The investing round was led by Blume Ventures and Antler and the startup’s parent company, Moving Tech, plans to use funds for technology, R&D and boosting driver earnings.

They started with zero commission rides for drivers, then switched to subscriptions. Now they're offering cabs to compete with the big boys.

Is it trying to be everything to everyone, or a cunning underdog about to disrupt the game?

After a hot streak, investment in Indian AI startups plunged a staggering 91% to $8.2 million (₹68.06 crore) in Q2.

This data for equity funding of AI infrastructure and AI-as-a-service tech startups have seen ups and downs throughout the quarter.

Is this a sign of the apocalypse (hopefully not for the robots), or just a case of investor jitters?

Mutual fund managers are shifting gears, steering their bets away from public sector giants and towards flashier sectors like autos and IT.

HDFC Bank is leading the pack, but are they chasing growth or just the next big IPO?

One thing's for sure, this portfolio shuffle has left public sector companies feeling a bit deflated.