Dunzo has been temporarily shielded from further insolvency proceedings by the National Company Law Tribunal (NCLT) after being given a two-week extension to settle its debt with Betterplace Safety Solutions. Dunzo is having financial difficulties, as seen by several bankruptcies, late vendor payments, and delayed salary. The Decision of NCLT and Its Consequences : The … Read more
Nazara Introduction : A block deal involving 48.84 lakh shares of Nazara Technologies, representing a 6.38 percent stake, occurred on May 27. Promoter Mitter Infotech sold the shares to Plutus Wealth Management, a pre-IPO investor since 2020. Impact of the Deal and Share Price Surge : Following the block deal, Nazara Technologies experienced a … Read more
What precisely drove Mamaearth and Honasa to reach the significant benchmark of a complete year of financial success? Many have praised Zomato for becoming profitable, but Mamaearth and Honasa deserve equal recognition as well. Mamaearth and Honasa : The company concluded FY24 with earnings of INR 110.52 Cr, a major improvement over the INR 150.96 … Read more
Jio Financial & BlackRock form 50:50 joint venture for wealth management & broking in India. Previous agreement in July 2023 laid foundation; $150 million investment from each entity. Venture aims to establish wealth management and brokerage companies in India. Focus on digital-first solutions to democratize investment access for Indian investors. Launch subject to regulatory approvals; … Read more
Sensex and Nifty start positively, fueled by gains in heavyweight stocks. Investors await US inflation report and Q4 earnings season. Analysts forecast further upside potential but caution against aggressive positions. Broader indices outperform benchmarks; Nifty Metal and Oil & Gas sectors surge. Vedanta leads Nifty Metal gains post-upgrade by CLSA. Global markets await US inflation … Read more
Ramco Systems partners with Korean Air for engine MRO support. Deal involves implementation of advanced aviation software. Korean Air’s new MRO facility in Unbuk to benefit from the partnership. Ramco’s solution aims to streamline operations and boost efficiency. Stock surges by 18%, trading volume significantly higher. Ramco Systems sees a significant increase in market share … Read more
Crude oil prices surge due to geopolitical tensions, potentially surpassing $100 per barrel. Elon Musk faces inquiry over social media actions, impacting his business operations. Federal Reserve maintains non-partisan stance in setting monetary policy, ensuring long-term economic stability. Canada announces $1.77 billion investment in AI sector, aiming to bolster innovation and competitiveness. India emerges as … Read more
Ather Energy debuts Rizta scooter, emphasizing safety, comfort, and affordability. Introduction of Halo smart helmets featuring music, voice-call, and wireless charging functionalities. Strategic expansion into the family scooter segment to compete with TVS Motors’ iQube and Bajaj Chetak. Ather’s dedication to engineering excellence evident in extensive research and development for innovative products. Company’s strong financial … Read more
Marico anticipates Q4 revenue growth, marking a return to positive territory after three quarters. International business poised for robust double-digit constant currency growth. Domestic revenue expected to outpace volume growth with gross margin expansion. Strategic initiatives aimed at enhancing profitability and expanding direct reach in urban and rural markets. Key products like Parachute Coconut Oil … Read more
Amazon Fresh opening on Route 35 in Eatontown, Jersey Shore. Job listings already posted for various positions. Transitioning to Amazon Dash Cart technology for streamlined shopping. Focus on enhanced customer experience with real-time savings tracking. Gradual transition from “Just Walk Out” to Dash Cart over several months. Expansion marks Amazon Fresh’s second store in New … Read more