Oyo Secures Rs 1457 Cr Funding, Ritesh Agarwal Invests
Oyo, a leading player in the hospitality industry, has successfully raised ₹1,457 crore (approximately $175 million) in a Series G funding round. This latest investment comes from a diverse group of investors, including InCred Wealth, Patient Capital, J&A Partners, the family office of Mankind Pharma promoters, and ASK Financial Holdings. Strategic Investment Utilization Oyo plans […]
Oyo Posts First Ever Annual Profit Of Rs 229 Crore In FY 2024
Hospitality unicorn Oyo has reported its first-ever profit after tax (PAT) of about Rs 229 crore for the financial year 2023-24 (FY24), as revealed in its latest annual report. The company stated that this remarkable turnaround comes on the heels of eight consecutive quarters of positive Adjusted EBITDA, demonstrating the company’s sustained financial improvement. OYO […]
Vikram Solar Launches Latest HJT Bifacial Module Line
Vikram Solar is a leading global energy solutions provider and India’s largest PV module manufacturers based in Kolkata, West Bengal. Recently, it launched its new-generation Heterojunction (HJT) bifacial module line called Survaya. HJT is a cutting-edge solar cell manufacturing process that combines crystalline and amorphous silicon layers. This unique combination improves the cell’s ability to […]
Indian Beer Brand Bira Grab Awards Globally
Bira 91, a relatively new entrant into the Indian beer market, has been making waves domestically and internationally. Launched in 2015, the brand recently secured a staggering 9 awards at the prestigious World Beer Awards, cementing its position as a global contender in the craft beer industry. Bira’s Performance at the World Beer Awards. The […]
What Is The Difference Between HDFC and HDFC Securities?
HDFC Bank is also India’s largest private sector bank by assets and the world’s tenth-largest bank by market capitalization as of May 2024. The Reserve Bank of India (RBI) has recognized HDFC Bank and ICICI Bank as Domestic Systematically Important Banks (D-SIBs). With a Market Cap of $145 billion, HDFC Bank is 3rd largest company […]
NSE Q1 FY 25 Results Analysis: PAT Grew by 39% YoY, Revenue By 51%
The National Stock Exchange (NSE) recently released its FY 25 Q1 Results, showing significant growth in many financial metrics. This blog analyzes and explores the results. NSE’s Key Metrics Revenue NSE Group’s total revenue in the quarter ending June ’24 increased by 47% from INR 3,357 crores to INR 4,950 crores. This significant rise showcases […]
Bira Building Influence- Setting Up India’s Largest Beer Factory
B9 Beverages is planning a shake-up in the beer industry. Backed by Kirin Holdings, the Indian Craft Beer Brand is ready to compete with global brands. Bira is planning to build a $70 Million Beer Factory going in before launching its IPO by 2026. Bira Is Expanding Production Capacity B9 Beverages India is planning to […]
NSE’s Massive Milestone – Crosses 10 Crore Investor Mark
The National Stock Exchange(NSE) is on a dream run. On 8th Aug 24, the exchange crossed its 10 crore unique investor mark, with 1 crore new investors in the last 5 months. This is a sharp rise in investor registrations, which reflects a total of 19 crore registered client codes. Their daily new registrations range […]
Myntra CEO Nandita Sinha Takes Over Flipkart Fashion- Arief Mohammad Quits
After the news of Flipkart Fashion Vertical Arief Mohammad reportedly departing the company, Myntra CEO Nandita Sinha has taken up the additional responsibility of handling Flipkart Fashion. This will be alongside her current role in Myntra, heading both Flipkart and Myntra, thus expanding her role and responsibilities in the Walmart-owned company. Roles Switching In The […]
Hero Fincorp To Raise Rs 3668 Crore Via IPO- Files DRHP
Hero Fincorp, the non-financial arm of Hero Moto Corp, has filed a DRHP(Draft Red Herring Prospectus) with SEBI. They plan to raise Rs Rs 3,668 crore through an Initial Public Offering (IPO). How are the funds going to be raised? As per the DRHP Filings, the proposed IPO will have a fresh issue of Rs […]
