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Sourabh Jain
Maruti Suzuki cars will get costlier from January 2023
Maruti Suzuki has announced a price hike for its cars from January 2023. The company has cited cost pressure due to inflation and regulatory requirements for the price hike. The company has yet to reveal the quantum of the hike. India’s largest automaker Maruti Suzuki announced on Friday that it will increase the prices of its cars from January 2023. It cited cost pressures, inflation, and regulatory requirements as the reason behind its move.
Vaamanaa Sethi
These companies are the top 10 employers in India as per Hurun list 2022
These companies are the top 10 employers in India as per Hurun list 2022...
Eetika Kapoor
Personal loans fintech platform KreditBee raises $80 million in Series-D investment round
KreditBee, one of India’s leading fintech platforms, has secured $80 million as a part of its ongoing Series-D investment round. The brand is currently a Series-C funded entity with a cumulative fundraise of over $200 million.
Sourabh Jain
BYD dominates the electric car market in Q3 2022 with 6 cars in the top 10
Here are the top selling electric cars in the world in Q3 2022....
Tata Power to invest Rs 6,000 crore in 5 years Odisha towards EV charging, microgrids and more
Tata Power CEO and MD Praveer Sinha announced a Rs 6,000 crore capital investment by the company in Odisha. Speaking at the Make in Odisha Conclave here on Thursday, Sinha said the four power discoms of Odisha, where Tata Power has a majority stake, are committed to Rs 6,000 crore capex investment in the next five years.
Rounak Jain,Bhakti Makwana
The curious case of companies which command high valuations with low revenues
The Burgundy Private Hurun India 2022 list includes 61 companies with sales of less than 1,000 crore in FY22. The company with the highest disparity between its value and revenue is GlobalBees, a startup that helps brands scale and sell their products across marketplaces. The list also includes unicorns like CRED, Spinny, as well as two Adani Group companies.
Vaamanaa Sethi
234-year-old company EID Parry is only a tad more valuable than year-old unicorn GlobalBees
Chennai-based EID Parry is the oldest company in the 2022 Burgundy Private Hurun India 500 list of most-valued private companies, with a value of ₹10,987 crore. The value of the 234-year-old EID Parry is not very far from that of the youngest company on the list – GlobalBees which is valued at ₹9,100 crore.The list has 25 companies which are over 100 years old.
Rounak Jain
Adani may be the richest Indian but Ambani’s RIL retains the top spot on Hurun's list of most valuable companies
The Adani Group dominated the list of top value gainers this year, with five of its group companies adding 8.42 lakh crore to investor wealth. Mukesh Ambani lost the crown of the richest Indian to Gautam Adani this year, but his company Reliance Industries has emerged as the leader across key metrics of valuation, revenue, and profitability, as per the 2022 Burgundy Private Hurun India 500 list.
Eetika Kapoor
BYJU’s, Zomato, Dream11 among India’s most valuable PE/VC-funded companies as per Hurun
The second edition of the Burgundy Private Hurun India 500 report featured India’s 500 most valuable companies with combined sales of $820 billion.
GST revenues rose by 11% to ₹1.46 lakh crore in November: Finance Ministry
GST revenues rose by 11 per cent to about ₹1.46 lakh crore in November over the year-ago period, the Finance Ministry said o...
BHEL among 5 bidders for Rs 58,000 cr deal to manufacture, maintain 200 Vande Bharat trains
State-run Bharat Heavy Electricals Ltd (BHEL) has formed a consortium with Titagarh Wagons and is among five entities which have bid for the mega Rs 58,000 crore contract to manufacture 200 Vande Bharat trains and maintaining them for the next 35 years.
Bhakti makwana
Serum Institute of India, BYJU’S, Ola, OYO among top 10 valuable unlisted companies
Serum Institute of India, BYJU’S, Ola, OYO among top 10 valuable unlisted companies...
Sourabh Jain
Top 10 companies in India with the highest revenue in 2022, according to Hurun
Here are the top 10 companies in India with the highest revenue as per the 2022 Burgundy Private Hurun India 500 list....
ATF price slashed by 2.3 pc to Rs 1.17 lakh per kilolitre
Jet fuel (ATF) price was on Thursday reduced by 2.3 per cent, reflecting softening international oil prices but petrol and diesel rates remained on freeze for a record eighth month in running.
Sourabh Jain
Ashneer Grover talks about being excluded from Shark Tank India, calls Big Boss a show for failed individuals
BharatPe cofounder and former managing director Ashneer Grover has finally spoken about being from Season 2 of Shark Tank India, a business reality show where contestants pitch their businesses, looking to from the sharks. Ashneer Grover was one of the most popular sharks from the first Season and was known for his famous one-liners such as “ye sab doglapan hai”, “kya kar raha bhai tu” and “bilkul bakwaas idea hai.
India's mfg PMI hits 3-month high in Nov amid expansion in production, slowdown in inflation: S&P
Manufacturing activities in India touched a three-month high in November as new orders and exports expanded boosted by demand resilience and substantial easing of cost pressure, according to a monthly survey released on Thursday.
Wipro Infrastructure Engineering acquires Pune-based Linecraft.ai for an undisclosed sum
The industrial automation business of Wipro Infrastructure Engineering, a Wipro Enterprises entity, on Thursday announced it...
Katya Naidu
India FMCG sector profits may be weighed by ad spend hikes, price cuts: BNP Paribas
Volume contraction for the FMCG sector was more pronounced in rural areas, says a BNP Paribas report. While the research fir...
Don't install 5G base stations near airports, DoT tells telcos
The Department of Telecommunications (DoT) has sent a letter to telecom providers Bharti Airtel, Reliance Jio and Vodafone not to install C-band 5G base stations within the 2.1 km range of Indian airports with immediate effect, as C-Band 5G can create problems with the aircraft's radio (radar) altimeters, which they rely on during takeoff and landing, and to help avoid crashing into mountains.
Core sector output growth slows to 0.1% as 4 sectors report negative growth rate
The growth rate in the production of eight key sectors slowed down to 0.1 per cent in October against 8.7 per cent in the same month last year, according to the official data released on Wednesday. In September, the core sectors' output growth stood at 7.8 per cent.
Reliance Capital Committee of Creditor rejects all bids, considering liquidation
The Committee of Creditors (COC) of Reliance Capital (RCAP), in its meeting held on Wednesday, has decided to reject all the binding bids that it received from the bidders on Monday.
Srishti Magan
Former Flipkart SVP's online shopping platform Flash raises $5.8 million in seed round
The seed round was led by global funds like Global Founders Capital (GFC), White Venture Capital, Peer Capital and others. The company also saw participation from angel investors like CRED founder Kunal Shah, Flipkart’s ex co-founder Binny Bansal, and others. Flash will use the funding toward product development, hiring, and global expansion.
Vaamanaa Sethi
Corporate demand boosts hotel demand in Q3: JLL
The Indian hospitality sector witnessed a strong growth in the third quarter (Q3) this year primarily due to corporate travel.According to the JLL report, the revenue generated per available room (RevPar) growth in Q3 2022 was recorded as 89.6% as compared to Q3 2021.Bengaluru saw the highest RevPar growth of 241% in the Q3 2022 as compared to the same period last year.
Essar Oil UK to build carbon capture facility
Essar Oil UK Limited has announced its plan to build a 360 million-pound major new carbon capture plant at its Stanlow refinery in line with its ambition to become a leading low-carbon refinery by 2030.
Insider Studios
Paytm’s pioneership in payments strengthens with over 5 million device deployments
India’s digital payments ecosystem has been growing at a rapid pace over the past few years, supported by widespread adoptio...
