Bullets

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?

Swiggy is eyeing a whopping $15 billion (₹1.2 lakh crore) valuation for its upcoming IPO! They're looking to raise $1-1.2 billion (over ₹9,950 crore), making it one of the biggest IPOs in India this year.

Swiggy's been locked in a battle with Zomato for the top spot in the Indian food delivery market. Both are also racing to dominate the "quick commerce" scene, where groceries and other stuff are delivered in a flash.

Will this IPO become Swiggy’s winning strike against Zomato? Click here to know it all.

The merger of Vistara and Air India is finally happening. Singapore Airlines, who owned a big chunk of Vistara, is now investing a whopping ₹2,059 crore to get a 25.1% stake in the merged airline.

All the paperwork is done, and the government is expected to give the final green light soon.

But what about the woes of pilots and other Vistara airline staff? Read here to know more.

Zomato is heating up the entertainment ticketing market by buying Paytm's ticketing business for a whopping ₹2,048 crore. This move could shake things up for the current leader, BookMyShow.

BookMyShow is already a big player, raking in nearly ₹1,000 crore last year.

Zomato, on the other hand, is using its profits from food delivery to expand into the entertainment space. They're hoping to make a big splash in both dining out and ticketing.

Know more from this article link.

The food delivery giant is worth $11.5 billion (₹95,450 crore), according to its investor "36 One WAM".

Formerly IIFL Wealth Management, the investor found Swiggy's revenue is skyrocketing, doubling year over year.

But wait, there's a twist! Food orders can be a bit fickle, so the final figure might change.

To know the ongoing developments, stay tuned with this link.

Billionaire Gautam Adani's company just sold 2.8% of its cement business, Ambuja Cements.

 The deal was worth around ₹4,200 crore. The stock price went up 4% after the news.

Adani still owns 77.33% of Ambuja Cements signalling the sale meant for raising capital.

Want to know more about Adani's business empire? Click on this link.

Jewellery retailer Bluestone has just bagged a whopping ₹900 crore in funding, valuing the company at a dazzling $970 million (₹8,051 crore).

This latest cash infusion is a major step towards their IPO, which is expected to hit the market later this year. With big names like Peak XV Partners and Prosus backing the deal, it's clear that Bluestone is ready to sparkle on the stock exchange stage.

But the question remains: Can they keep the shine on their IPO dreams?

Reliance Industries and Walt Disney are cooking up a plan to appease the Competition Commission of India (CCI) and secure approval for their blockbuster merger.

The latest tactic involves a two-year freeze on advertising rates for all advertisers and agencies.

Will this sweet deal convince the CCI to give the merger the green light, or will the regulator demand even more concessions? Be in the loop with this article.

Tata Electronics has seen its sales skyrocket over nine times in just one year, thanks to its newfound iPhone assembly prowess.

The acquisition of Wistron's plant near Bengaluru has catapulted the company into the big leagues of Indian electronics manufacturers. While still trailing behind giants like Dixon Technologies, Tata Electronics' growth trajectory is nothing short of impressive.

The question now is: can they sustain this momentum and become a major player in the global electronics market?

ICICI Securities, the investment banking arm of ICICI Bank, has shelled out ₹69.82 lakh to settle a case with the Securities and Exchange Board of India (SEBI).

The regulator took issue with the company's due diligence practices, raising questions about its adherence to merchant banking norms.

While the company has settled the matter, the question remains: Was this a minor oversight or a symptom of deeper regulatory concerns?

Also Read: When is ICICI Securities Delisting & Why?

Retail giant Walmart is waving goodbye to a potential $3.74 billion (₹31,042 crore) with the reported sale of its stake in Chinese e-commerce leader JD.com.

144.5 million shares are on the block, priced between $24.85 and $25.85 each. Is this a strategic move by Walmart, or a sign of trouble in the Chinese e-commerce market?

The silence from all parties involved is deafening. One thing's for sure, this fire sale has investors watching closely.

Venture capital firm Accel has just doubled down on its investment in Uppercase, the luggage maker. With a fresh injection of $9 million (₹74.7 crore), Uppercase's valuation has skyrocketed to $60 million (₹498 crore).

Uppercase plans to expand their retail footprint both domestically and internationally.

But the real question is: will this be enough to make it the go-to luggage brand?

Cognizant is facing a social media storm after announcing a starting salary of ₹2.52 lakh for freshers.

However, the company quickly clarified that this offer only applies to non-engineering graduates. So, what does this mean for engineering grads hoping to join the tech giant?

Is Cognizant playing a sneaky game of expectations or simply trying to attract talent from different backgrounds?

IT giant Infosys is upping the ante for campus placements with a new "power program" offering packages of up to ₹9 lakh per annum. This is a significant boost compared to the usual ₹3-3.5 lakh starting salaries.

The company is specifically targeting students with exceptional coding and software skills, suggesting that the days of generic IT roles might be numbered.

Is Infosys setting a new standard for tech industry salaries? Read more from here.

Ola Electric's stock is zooming faster than one of its electric scooters! A day after launching three new electric bike models, the company's shares jumped a whopping 16% today.

With the unveiling of its own cells and the new Gen-3 platform, Ola seems to be revving up its electric vehicle game.

But can this momentum sustain the ride? Read here to know more.

In a stunning turn of events, logistics startup Loginext, once backed by heavyweights Tiger Global and Steadview Capital, is calling it quits.

After raking in a hefty $50 million (₹415 crore), the company has now sold its entire business – software, hardware, clients, the works – for a mere $250,000 (₹2.075 crore).

The question is: Where did it all go wrong?

Nykaa's parent company, FSN E-commerce Ventures, showed a whopping 152% jump in net profit to ₹13.64 crore for the April-June quarter.

Revenue clocked in at ₹1,731 crore, while Gross Merchandise Value (GMV) surged 25% to ₹3,321 crore. Beauty continues to be the star, growing 28%, but fashion isn't lagging far behind with a 15% uptick.

Can Nykaa keep this momentum going? Know more from this article link.

SoftBank's India head, Sumer Juneja, is singing the praises of the Indian IPO market. He credits the recent success stories of Ola Electric, FirstCry, and Unicommerce to smart pricing, a friendly market, and growing investor love for tech firms.

SoftBank itself seems to be enjoying the Indian ride, boasting a potential $10 billion (₹83,000 crore) return on its investments here.

But the big question is: Can this IPO party keep going? Click here to know more.

Bengaluru's electric scooter startup, Ather Energy, has just upped its valuation to $1.3 billion (₹10,790 crore), thanks to a fresh injection of ₹600 crore from its existing investor, NIIF.

This marks the fourth unicorn to be minted in India this year. What’s surprising here is that Ather’s valuation fell just a year ago.

And now, rival Ola Electric is burning up the stock market. Is this the start of an electric scooter valuation war?

FirstCry parent, Brainbees Solutions, had a rocking market debut today! Shares listed a whopping 40% higher than their IPO price of ₹549.

The company raised ₹4194 crore through the IPO, which was oversubscribed 12 times. With a pre-listing grey market premium of ₹84, expectations were high, and it seems the market delivered.

Will this be the start of a new growth spurt for the baby products giant?

India's banking behemoth, HDFC Bank, is about to get a massive cash injection. MSCI has decided to boost its weightage in the Global Standard Index, but with a twist: it's happening in two parts.

This means a cool $1.8 billion (₹14,940 crore) is flowing into the Nifty, but it's a slow burn rather than a sudden explosion.

Will this staggered approach change the market game, or is it just MSCI playing hard to get?

Also Read: HDFC Bank's Success Story

Infinyte.Club, a wealth management platform just for you, raised $3.6 million (₹29.8 crore) in a funding round. Elevation Capital led the charge, with angel investors from hotshot startups like Meesho and Razorpay joining the party.  

This cash injection fuels their tech and team growth, but with 40 deals closed in beta, were they already secretly crushing it?   

Is this the future of startup wealth, or just another perk in a competitive job market? Know more from the link here.

Zepto, the lightning-fast grocery delivery startup, is back for another round of funding, this time aiming for a $5 billion (₹41,500 crore) valuation. That's a 40% jump in just over a month!

This brings their total funding to nearly $1 billion (₹8,300 crore) in two rounds, a mind-boggling figure for a three-year-old company.

With a valuation surge of over 3.5 times in a year, Zepto is clearly riding the quick-commerce wave. Will this rapid growth continue, or is this just the calm before the storm?

Also Read: Decoding Zepto

Adani Group stocks took a nosedive this morning, shedding a whopping ₹53,000 crore in market value. Investors, spooked by the allegations against SEBI chief Madhabi Buch, opted for caution.

Adani Green Energy led the decline with a 7% drop, while Adani Total Gas and Adani Power followed suit with 5% and 4% losses respectively. Even the relatively stable Adani Ports couldn't escape the downturn, shedding 2%.

With the group's market cap now at ₹16.7 lakh crore, the question is: will this be a temporary blip or the start of a more significant slide?