Bullets

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?

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.

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.

Zomato's hunger for growth continues! They've just gobbled up Paytm's event ticketing businesses, TicketNew and Insider.

This move marks Zomato's big leap into the "going-out" space, beyond just food delivery.

Paytm, on the other hand, seems to be focusing on other areas. Which raises the question: what’s next? Know more from here.

Amazon is gearing up to enter the quick commerce market in India! They're aiming to launch their service in the first quarter of next year, taking on rivals like Flipkart's 'Minutes'.

To lead this charge, Amazon has appointed a senior executive to spearhead their quick commerce strategy. This move shows their serious commitment to this fast-growing segment.

Looks like the battle for quick deliveries is about to heat up! Be in the loop for what's next with our Business section.

Apple is teaming up with India’s Airtel to offer free music and video streaming to their premium customers.

It's a strategic move to tap into India’s massive market, especially with competition heating up and the Reliance-Walt Disney merger under scrutiny.

Airtel's premium plans will now include Apple TV+. But the big question is: will this be enough to lure Indian consumers who are price-conscious?

Tata-owned BigBasket, known for its scheduled deliveries, is switching gears to become a quick commerce platform. This means you'll be able to get your groceries delivered in just 10-30 minutes!

This is a big change for BigBasket, who's been around for over a decade. It is seeing huge success with their quick delivery service, BB Now, which already makes up over 50% of their sales.

Looks like the future of grocery shopping is all about speed!

Apple has just named an Indian-origin engineer, Kevan Parekh, as its new Chief Financial Officer (CFO)! This comes just a week after another major shake-up in the company's executive team.

Parekh, who's currently Apple's Vice President of Financial Planning and Analysis, will take over the reins from January 1, 2025. He's been with Apple for a solid 11 years and has played a crucial role in the company's financial success.

So, what does this mean for Apple's future?

Also Read: Who are the Top CEOs & Founders in the World?

Tata Digital, the brains behind Tata Neu, Big Basket, and 1mg, is shaking things up. To keep its top executives happy and motivated, they've introduced a new Employee Stock Option Plan (ESOP). 💰

This move is a smart one, considering the company has seen a bit of a revolving door among its senior leadership. By giving executives a piece of the pie, Tata Digital is hoping to boost performance and keep them invested in the company's success.

So, will this new plan work its magic?

Adani Group's debt has been on the rise, and domestic banks & NBFCs are increasingly stepping up to fund the conglomerate. Their exposure to the group has jumped by a significant 500 basis points in just the past year.

As of March 2023, these domestic lenders accounted for a substantial ₹70,213 crore of Adani's total debt, which was around 31% of the group's gross debt at the time.

Is this a risky bet for Indian lenders? Know more from here.

Tata Sons, the massive conglomerate behind brands like Tata Motors and Tata Steel, has made a strategic move. They’ve repaid ₹20,000 crore in debt to avoid being forced to list their shares.

This means they can operate without the scrutiny that comes with being publicly traded.

So, what does this mean for the future of the Tata Group?