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US investor Baron capital values Swiggy a $14.7Bn a reduction of 2.6% from last years valuation:

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US investor Baron Capital has valued the food-tech company Swiggy at $14.74 billion as of June 2024, as per the information on its website. This marks a 2.6% decrease from its previous valuation of $15.1 billion by Baron Capital in March. The decrease in valuation in June is attributed to the depreciation of the rupee. Amidst these developments, Swiggy is preparing for its Initial Public Offering (IPO). The Bengaluru-based company has received approval from its shareholders to proceed with a $1.25 billion IPO and has reportedly submitted confidential filings to SEBI in May. Swiggy aims to raise up to Rs 3,750 crore ($450 million) through a fresh issue of equity shares and an offer for sale totaling Rs 6,664 crore ($800 million) in its IPO. For the first three quarters of FY24, Swiggy reported a revenue of Rs 5,476 crore from operations and a loss of Rs 1,600 crore. Entrackr had exclusively reported these financial figures and a secondary pitch by the company in April. On Friday, ET rep...
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Decathalon targets to open 100 new stores in India in coming 5 years, almost ₹933 Crore investment click here to read more:

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French sports retailer Decathlon plans to invest ₹933 crore in India over the next five years. This investment aims to expand its retail presence, enhance local manufacturing, and improve its digital platforms. French sports retailer Decathlon has announced plans to invest €100 million (approximately ₹933 crore) in India over the next five years. This investment will focus on expanding the company's retail presence and manufacturing operations in one of its fastest-growing markets, according to a PTI report. Decathlon India's CEO, Sankar Chatterjee, is optimistic about the company's growth prospects, predicting that the business will double in size within the next three to five years. The expansion strategy includes increasing the number of stores from the current 90 to 190 over the next five years. The investment will also be used to enhance Decathlon's digital channels, in line with its omnichannel strategy. Moreover, Decathlon is set to increase its manufacturing ope...
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Adani Groups Q1 Results are out showing a high growth in profits of June quarter, click here to read in detail:

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The Adani Group has announced its Q1 FY25 results in the Credit Compendium, revealing a robust financial performance. The group's EBITDA soared by 32.87 percent year-on-year to ₹ 22,570 crore, leading to a trailing twelve-month EBITDA of ₹ 79,180 crore, marking a 45.13 percent increase from the previous year. This growth is largely attributed to the Adani Group's core infrastructure platform, contributing over 80 percent of the portfolio's EBITDA. This platform includes AEL's Infrastructure businesses, the Utility sector (comprising Adani Green Energy, Adani Power, Adani Energy Solutions, and Adani Total Gas), and the Transport sector (Adani Ports & SEZ). Emerging sectors within the group, such as solar and wind manufacturing, airports, and roads, now account for 13.3 percent of the portfolio's EBITDA, a significant rise from 7.2 percent the previous year. Adani Enterprises' solar module manufacturing witnessed a 125 percent increase in sales year-on-year, w...
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JSW Cements to raise Rs.4000 Crores finance through IPO, have presented their draft papers with SEBI, Click here to know more about the IPO:

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JSW Cement, a subsidiary of JSW Group, is set to initiate an initial public offering (IPO) to raise funds up to ₹4,000 crore. The draft red herring prospectus was submitted to the Securities and Exchange Board of India (SEBI) on Friday, August 16. The IPO will consist of a fresh issue and an offer-for-sale (OFS), each component aiming to raise ₹2,000 crore. The State Bank of India (SBI), a current investor, plans to sell shares valued at ₹125 crore through the OFS. Additionally, AP Asia Opportunistic Holdings Pte Ltd and Synergy Metals Investments Holding Ltd will each divest shares amounting to ₹937.5 crore. The IPO process for the company is being managed by JM Financial Ltd, Axis Capital Ltd, Citigroup Global Markets India Private Ltd, DAM Capital Advisors Ltd, Goldman Sachs (India) Securities Private Ltd, Jefferies India Private Ltd, Kotak Mahindra Capital Company Ltd, and SBI Capital Markets Ltd. How IPO proceeds will be used: The company plans to allocate ₹800 crore towards parti...
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Ola Electric Q1 Results are out: Revenue up by 32% But a Net loss of Rs.347 Crore, Click here to read about the full article:

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Ola Electric has disclosed its Q1 results for the fiscal year 2024-25, showing a complex picture. The firm reported a net loss of ₹347 crore for the quarter ending June 30, 2024, marking a substantial increase from the ₹267 crore loss reported in the corresponding period the previous year. This increased loss is due to several factors, including price reductions intended to stimulate demand following the government's cut in electric vehicle incentives. In spite of the growing losses, Ola Electric experienced a significant revenue increase. The company's revenue for Q1 FY25 surged by 48.63% year-over-year to ₹1,718 crore. This surge was propelled by robust demand for its electric two-wheelers, especially the S1 series, which achieved a record delivery of 125,198 units in the quarter. The company's production scale-up and supply chain optimization efforts have also played a role in this revenue boost. The EBITDA margin for Ola Electric's automotive division has shown cons...
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A Total of $13.4 billion loss to Adani group shares after Hindenburg report against Regulator, click here to read the full article:

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  Adani Group companies experienced a significant market value loss of $13.4 billion on Monday, but later recouped most of these losses following accusations by Hindenburg Research against the chairperson of India's market regulator, alleging connections with offshore funds also utilized by Adani. The conflict between Hindenburg Research and Adani Group commenced 18 months prior when the American short seller accused Adani of misusing tax havens, which the conglomerate refuted. The total losses for that day were approximately $2 billion after an initial drop. The stocks had depreciated by $150 billion in value subsequent to Hindenburg's initial report in January 2023, but have since regained a substantial portion of the losses. Adani Enterprises and Adani Ports were among the most affected on the blue-chip Nifty 50 index, which rebounded from its initial losses to close up by 0.3%. "The allegations have resurfaced. Numerous investigations have been conducted over the past ...
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After Adani who is Hindenburg going to target in India, Click here to read the full article:

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Hindenburg Research, the US-based short seller famous in India for its incendiary report on the Adani Group, has declared another significant disclosure concerning the country on Saturday morning. In a post on X (formerly known as Twitter), the firm stated, "Something big soon India." This announcement has sparked extensive conjecture regarding the next corporation in its crosshairs. Hindenburg Research , established in 2017 by Nathan Anderson, specializes in thorough investigations of major corporations. The firm is renowned for uncovering corporate fraud and misconduct, frequently focusing on prominent companies. Its name, inspired by the notorious 1937 Hindenburg disaster, reflects the firm's perspective on corporate malfeasance as both disastrous and preventable. The investigative methodology of Hindenburg involves scrutinizing public records, internal corporate documents, and interviewing company employees. Following their investigation, they compile an exhaustive re...
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Ola's Share price as hiked by 20% today after listing, Click here to read the full article:

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Ola Electric Mobility's Initial Public Offering (IPO) of Rs 6,154 crore was met with an enthusiastic response, being oversubscribed by 4.27 times. The offering was a mix of fresh shares and an offer for sale. On its stock market debut on August 9, Ola Electric's shares surged by 20%, hitting the upper circuit limit, reflecting the strong demand during the IPO. The public offering attracted substantial interest from investors, with the issue being subscribed 4.27 times over. Qualified Institutional Buyers (QIBs) and retail investors were particularly keen, subscribing 5.31 and 3.92 times their allotted shares, respectively, on August 6. Non-institutional investors also showed significant interest, bidding for 2.4 times their share allocation. Ola Electric's employees participated enthusiastically as well, purchasing shares 11.99 times the reserved portion. The company has allocated Rs 5.5 crore worth of shares for its employees at a Rs 7 discount per share from the final iss...
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RBI increases tax payment for UPI limit from 1-5 lacks, Click here to know about the latest news:

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  In a significant move, the Reserve Bank of India (RBI) has increased the tax payment limit via Unified Payments Interface (UPI) from Rs 1 lakh to Rs 5 lakh. This decision, announced by RBI Governor Shaktikanta Das, is part of a broader initiative to bolster the digital lending infrastructure, which includes establishing a public repository managed by a regulated entity. The RBI has also introduced a mandate for lenders to report credit information to Credit Information Companies (CICs) every two weeks, ensuring that borrowers' credit data is updated more frequently. This is expected to provide a more accurate reflection of borrowers' creditworthiness. In a further effort to streamline financial transactions, the RBI has reduced the cheque clearing cycle from two working days to just a few hours, significantly speeding up the process. Despite these changes, the central bank has maintained the repo rate at 6.5% for the ninth consecutive policy meeting, citing persistent inflati...
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TVS Q1 results are out Net profit jumped by 23.4% and Revenue surges by 16%, Click here to know more about the Q1 results:

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Overview: TVS Motor Company reported a 23.4% increase in net profit to ₹577.3 crore for Q1 FY25, with revenue rising 16% YoY to ₹8,375.5 crore. The company achieved its highest-ever operating EBITDA of ₹960 crore, a 26% YoY growth. Total sales, including exports, rose by 14% YoY to 10.87 lakh units. Despite strong financial performance, the stock traded 2% lower at ₹2,439.4 on the NSE. TVS Motor, the renowned automobile giant, has announced a robust 23.4% rise in its standalone net profit, reaching ₹577.3 crore for the first quarter of the fiscal year 2024-25, as reported on Tuesday, April 6. This marks a significant increase from the ₹467.6 crore net profit recorded in the same period last year. The company's revenue from operations for the quarter ending June 2024 was ₹8,375.5 crores, up by 16% year-on-year from ₹7217.9 crore. Despite the positive earnings report, TVS Motor's shares saw a 2% dip, trading at ₹2,439.4 each on the NSE. TVS Motor also reported its highest-ever op...
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