Business News
Introduction : In a landmark deal signaling consolidation in India’s logistics sector, Delhivery has acquired Ecom Express for ₹1,407 crore (approx. $165 million)—a steep 80% markdown from the company’s $850 million peak valuation. The surprise acquisition comes after a series of turbulent events at Ecom Express, including failed IPO attempts, the death of a co-founder,…
Introduction Union Commerce Minister Piyush Goyal’s recent remarks urging Indian startups to move beyond food delivery apps and focus on high-tech innovation have stirred up a heated debate in the startup ecosystem. At a Delhi investment summit, Goyal criticized the current trajectory of consumer internet startups and questioned whether India’s entrepreneurial focus should remain on…
BigBasket, one of India’s largest online grocery platforms, is making aggressive moves to stay relevant in the booming quick commerce sector. K Ganesh, the promoter and founder director of BigBasket, recently acknowledged that even the company didn’t anticipate the rapid shift in consumer behavior towards ultra-fast deliveries. The Quick Commerce Boom and BigBasket’s Market Strategy…
The Indian stock market wrapped up the financial year 2024-2025 (FY25) with a 5% gain despite concerns over the economic impact of US President Donald Trump‘s tariff policies. The benchmark indices saw a recovery in March, following five consecutive months of losses, fueled by improving macroeconomic indicators and the return of foreign portfolio investors (FPIs)…
Introduction The Indian stock market continued its winning streak for the sixth consecutive session on Monday, backed by strong gains in banking and financial sector shares. The BSE Sensex surged over 900 points, while the Nifty 50 crossed the 23,600 mark, indicating robust investor sentiment. A combination of factors such as foreign institutional investor (FII)…
Campa Cola Faces Stiff Competition: Coca-Cola & Pepsi Join Rs 10 Price War The Indian beverage market is witnessing a major shake-up as Campa Cola, owned by Mukesh Ambani-led Reliance Industries, is now facing fierce competition from global beverage giants Coca-Cola and PepsiCo. With both multinationals launching their budget-friendly drinks priced at Rs 10, a…
RVNL Bags Rs 5546 Crore NHAI Order; Order Book Hits Rs 97,000 Crore Rail Vikas Nigam Limited (RVNL), a leading infrastructure PSU, has bagged a significant order worth Rs 5,546.48 crore from the National Highway Authority of India (NHAI). The contract involves the construction of a 6-lane access-controlled road to Visakhapatnam Port in Andhra Pradesh…
In a significant development in India’s telecom sector, industry giants Mukesh Ambani (Reliance Jio) and Sunil Bharti Mittal (Airtel) have come forward to voice their concerns over ‘fair competition’, just as the Modi government is reportedly considering granting new telecom licenses under its fresh policy framework. According to industry sources, the government is planning to…
Mumbai-based brokerage firm CLSA has upgraded its rating on REC Ltd to ‘High Conviction Outperform’, citing better loan growth expectations, higher Return on Equity (ROE), and stronger dividend yield. The move signals growing confidence in REC’s financial performance amid India’s infrastructure development plans. CLSA’s Rating Upgrade The global brokerage has highlighted REC’s improving loan book…
SpaceX CEO Elon Musk has sparked controversy by accusing the Biden administration of deliberately delaying the return of Indian-American astronaut Sunita Williams and her crewmate from the International Space Station (ISS). The astronauts, who have been in space for over nine months, are finally preparing to return to Earth after several postponements. SpaceX Mission Delay…