In a dramatic development that threatens to reshape India's cricket broadcasting landscape, Reliance Industries-controlled JioStar has formally notified the International Cricket Council (ICC) th...
"Religare's Strategic Stake Sale in Care Health Insurance: An Indicator of Robust Growth and Market Resilience" 1. Religare's Stake Sale Strategy In the vibrant financial landscape, strategic business maneuvers often signify significant growth trajectories. One such development is on the horizon for Religare Enterprises Limited. As per recent reports, the company is planning to sell a 6-7% stake...
1. Acquisition Details: Sheela Foam Ltd has announced its plans to fully acquire its rival, Kurlon Enterprise Ltd. The acquisition will be completed by buying 100% of the company in two separate transactions, amounting to a total cash consideration of Rs 3,250 crore. The deal is expected to be concluded within a few months. 2. Impact on Market Share The acquisition of Kurlon Enterprise is pois...
Overview Indian mobile phone brands Micromax, Karbonn, and Lava are gearing up for a significant resurgence, with a strategic focus on the entry-level price segment. These brands are aiming to provide consumers with better choices in this segment, hoping to regain market share and re-establish their presence in the Indian mobile market. Planned Launches and Pricing Strategies Karbonn is set to...
API Holdings Announces a Strategic Business Meeting API Holdings is scheduled to hold an important strategic business meeting via video conferencing on the 27th of July, 2023, at 12 Noon. The purpose of this conference is to discuss the demerger of the Mahaveer Medicos business and its subsequent amalgamation under Ascent Wellness and Pharma. Business Overview: The Involved Entities Mahaveer Medic...
NSE Expands Offerings with Bond Index Derivatives and Unveils GIFT Nifty for International Investors Introduction The National Stock Exchange (NSE) in India is set to enhance its platform by introducing derivatives based on its bond indexes. This strategic move aims to attract more investors and broaden the range of financial instruments available for trading. Additionally, the NSE has unveiled a...
1. Introduction Ncl-Buildtek, an unlisted company, recently published its financial results for the fiscal year 2023 (FY23), showcasing a remarkable performance across various key indicators. The company witnessed significant growth in revenue, a surge in profit after tax (PAT), and notable improvements in gross margins and EBITDA margins. These positive outcomes highlight Ncl-Buildtek's successf...
BoAt Sails Towards Higher Growth: Steers Focus on Software Innovation and Offline Expansion Robust Sale Growth and Expansion Plan India's leading wearables brand, BoAt, has announced record net sales of approximately Rs 4000 crore ($500 million) in FY2023, marking a 20-22% growth over the previous fiscal year. Leveraging its stronghold in audio products and recent boom in smartwatches, the compan...
Kannur International Airport, a key player in Kerala's aviation sector, is currently embroiled in a severe financial crisis. With the Kannur Airport Unlisted Share facing unprecedented uncertainty, the management is contemplating significant strategic shifts to mitigate the situation. In the face of these financial challenges, the management is actively exploring the possibility of transferring i...
Introduction: PharmEasy, a prominent online pharmacy platform, has recently announced its partnership with Avendus Capital to raise equity funding. This move comes as PharmEasy aims to secure additional funds to meet a crucial covenant in the loan it received from Goldman Sachs. The company's existing investors, including Prosus Ventures, Temasek Holdings, CDPQ, and TPG, have expressed interest in...
The Unthinkable Just Happened Imagine this: A company that started by mailing DVDs in red envelopes just bought one of...
The Story Over the last two years, government agencies auctioned 88 gigawatts of solar and renewable projects...
What's the story? Elon Musk says it. Jeff Bezos believes it. And now Sundar Pichai is betting big on it. By 2030, it co...
How Two US Giants Crushed India's E-commerce Darling In February 2016, Snapdeal stood at the pinnacle of India's e-comm...
What's the story? There's a merger happening between Hinduja Leyland Finance (HLF) and NDL Ventures. The big question:...
What's the story? ICICI Prudential AMC is going public in December at a valuation between ₹1.07-1.11 lakh crore. This g...