Sanya Baghel
282 stories by Sanya Baghel
Hangyo Ice Cream Secures $25 Million Investment from Faering Capital for Expansion
Mangaluru-based ice cream brand Hangyo has raised $25 million in funding from Faering Capital. This investment will be used to enhance production capabilities, speed up product development, and extend Hangyo’s reach in key markets, particularly across South India. Currently, Hangyo operates wi
Snapdeal Founders Anchor Titan Capital Winners Fund with INR 200 Cr for Follow-On Investments
Titan Capital Winners Fund, led by Snapdeal co-founders Kunal Bahl and Rohit Bansal, has successfully raised its target corpus of INR 200 crore. The fund’s primary focus will be on investing in follow-on rounds for standout companies from its seed-stage portfolio, using high-signal data to guide inv
Nazara Technologies Expands Global Reach with £21.2 Million Fusebox Acquisition
Nazara Technologies Limited, a prominent Indian gaming company, is advancing its international expansion strategy with two major announcements this month. On August 21, 2024, the company revealed plans to invest up to £21.2 million (about ₹229.4 crore) in its UK subsidiary to fund the acquisition of
From Side Hustle to Multimillion-Dollar Venture: How Melissa Tavss Turned Tipsy Scoop into a Booming Business
Melissa Tavss, founder and CEO of Tipsy Scoop, transformed a fun side project into a multimillion-dollar enterprise. After feeling burnt out from her corporate job in marketing and PR, Tavss decided to pursue a new path by reviving a family tradition of ice cream-making. Tavss, who had been working
Peloton’s Earnings Report to Highlight CEO Search and Subscriber Growth Efforts
Peloton Interactive’s upcoming earnings report will draw attention to the company’s ongoing CEO search and its strategies to boost subscriber growth for fiscal 2025. Scheduled for release on Thursday, the report will provide insights into how the fitness equipment maker plans to navigate
Alex Cooper: From Division I Athlete to Highest-Paid Female Podcaster
Alex Cooper, the dynamic host of the renowned podcast Call Her Daddy, has become a major name in the podcasting world, known for her engaging and candid interviews with top celebrities including Miley Cyrus, Jane Fonda, and Hailey Bieber. Cooper, who coined herself the “Founding Father,”
Healthtech Platform Visit Health Nets ₹250 Crore to Boost Team, Network, and Tech Developments
Visit Health, a prominent healthtech platform, has successfully secured over ₹250 crore through a combination of primary capital infusion and secondary share purchases. The funds were raised from Docprime Technologies, a subsidiary of PB Fintech, along with contributions from other promoters and emp
Unimech Aerospace Files Draft Papers for ₹500-Crore IPO
Unimech Aerospace and Manufacturing Ltd, based in Bengaluru, has submitted draft papers to the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO) valued at ₹500 crore. The IPO will consist of a fresh equity share issue of ₹250 crore and an offer for sale (OFS) of up t
MobiKwik Achieves Profitability After 15 Years and Gears Up for IPO
MobiKwik, the digital financial services platform, has marked a significant achievement by reporting its first-ever full-year profitability for FY24 after 15 years of operating at a loss. The company announced a Profit After Tax (PAT) of ₹14.08 crore, a substantial turnaround from the ₹83.81 crore l
Wells Fargo Sells Non-Agency Commercial Mortgage Servicing Business to Trimont, Expanding Firm’s Market Share
Wells Fargo has agreed to sell its non-agency third-party Commercial Mortgage Servicing business to Trimont, marking a significant shift in the commercial real estate landscape. This deal will elevate Trimont to become the largest servicer of commercial real estate securitized debt in the United Sta
Binance Resumes Operations in India After Financial Intelligence Unit Registration
Binance, the world’s largest cryptocurrency exchange, has announced the return of its website and app to the Indian market following its registration with the Financial Intelligence Unit (FIU) in May. The move marks a significant milestone for the exchange, which had previously faced restricti
Berkshire Hathaway Hits Record Cash Reserves as Warren Buffett Sells More Stock
Warren Buffett’s Berkshire Hathaway has reached a new milestone with its cash and U.S. Treasury holdings climbing to a record $276.9 billion in the second quarter. This increase came as the company reduced its stock investments in major companies like Apple, among others. In its latest filings
SEBI Faces Challenges with ₹76,000 Crore in Difficult-to-Recover Dues for FY24
The Securities and Exchange Board of India (SEBI) has reported ₹76,293 crore in dues classified as difficult to recover (DTR) for the fiscal year 2023-24, marking a 4.1% increase from the previous year’s ₹73,287 crore. DTR dues are amounts that have remained unrecovered despite exhaustive effo
Kalpataru Plans ₹1,590 Crore IPO to Repay Debt and Support Growth
Real estate developer Kalpataru has announced plans to raise up to ₹1,590 crore through an initial public offering (IPO). The funds will primarily be used to repay existing loans, with the remainder allocated for general corporate purposes. This IPO will be a fresh issue of shares. The Mumbai-based
Eric Schmidt Criticizes Google’s Remote Work Policies for Lagging in AI Innovation
Former Google CEO Eric Schmidt Blames Remote Work for Company’s AI Setbacks Eric Schmidt, who led Google from 2001 to 2011, has recently criticized the company’s emphasis on remote work for its current struggles in artificial intelligence (AI). During a recent talk at Stanford University, Schmidt su
SMEs Secure ₹11,000 Crore from Capital Markets, Highlighting Sector’s Growing Role in India’s Economy
Small and Medium Enterprises (SMEs) are increasingly leveraging capital markets for funding, with a reported 780 SMEs listed on the NSE and BSE as of June 2023. These companies have collectively raised approximately ₹11,000 crore. Shekhar Chaudhary, director of the financial markets division at the
Wally Amos, Founder of Famous Amos Cookies, Dies at 88
Wally Amos, the iconic founder of Famous Amos cookies, has passed away at the age of 88 due to complications from dementia, according to a statement released by his children, Sarah, Michael, Gregory, and Shawn Amos. Amos, renowned for his distinctive Panama hat, kazoo, and infectious optimism, opene
Cisco’s Stock Jumps After Earnings Beat Expectations and Announcement of Additional Layoffs
Cisco Systems (CSCO) has announced it will cut about 7% of its workforce as part of its strategic shift towards high-growth sectors such as cybersecurity and artificial intelligence (AI). This decision follows a previous reduction of 5% in February, affecting around 4,250 employees. In its fiscal fo
“Sachin Tendulkar to Launch Sports Athleisure Brand with Ex-Swiggy Executives”
Sachin Tendulkar is stepping off the cricket field and into the business world with a new venture in sports athleisure. The legendary cricketer is teaming up with Karthik Gurumurthy, former chief of Swiggy Instamart, and Karan Arora, another ex-Swiggy executive, to launch a new sportswear brand. The
Mirae Asset Midcap Fund Turns ₹10,000 SIP into ₹12.75 Lakh in Five Years
The Mirae Asset Midcap Fund, launched on July 29, 2019, has delivered impressive returns for its investors. A monthly Systematic Investment Plan (SIP) of ₹10,000 has grown to ₹12.75 lakh over the past five years, reflecting an annualized return of 30.72%, according to Value Research. Investors who m
New Supreme Court Petition Demands Closure of SEBI Adani Probe Amid Hindenburg Allegations
An application has been filed in the Supreme Court urging the completion of the Securities and Exchange Board of India’s (SEBI) investigation into the Adani Group. This comes as SEBI approaches the end of its 24th and final case concerning the Adani-Hindenburg saga. The petition, submitted by
54th GST Council Meeting Scheduled for September 9
The 54th GST Council meeting is set to take place on September 9, 2024, as announced by the government on Tuesday. This upcoming session follows the 53rd GST Council meeting held on June 22, 2024, chaired by Union Minister for Finance & Corporate Affairs Nirmala Sitharaman. Key Recommendations:
MSCI Rejig Boosts Stocks: RVNL, Vodafone Idea, Dixon Technologies, and HDFC Bank Could See Up to 27% Rally
Global index provider MSCI has announced significant changes to its India Index for August, adding seven stocks while removing one. The additions include Rail Vikas Nigam Limited (RVNL), Vodafone Idea, Dixon Technologies, Oil India, Prestige Estates, Oracle Financial Services, and Zydus Lifesciences
Sachin Bansal’s Navi Achieves 22x UPI Growth in Four Months, Poised to Become Top Five UPI App
Sachin Bansal’s fintech company, Navi, has experienced remarkable growth on the Unified Payments Interface (UPI) platform, nearly doubling its transaction volume in July. Data from the National Payments Corporation of India (NPCI) shows Navi processed 68.5 million transactions in July, a significant
Google Set to Unveil Pixel 9 Pro and AI Enhancements at Annual Launch Event
Alphabet’s Google will host its annual Made By Google launch event on Tuesday, where major announcements are expected. The event will feature the introduction of Google’s latest smartphones, the Pixel 9 Pro and Pixel 9 Pro Fold, marking what the company describes as the dawn of a “
The Power Couples Shaping Fortune and Impact: A Deep Dive into Wealth and Love
In a world where love and wealth often intertwine, the wealthiest couples stand out not just for their financial success but for their remarkable partnerships. These couples have built empires together, combining their resources, talents, and visions to create legacies that extend beyond their perso
AMFI Supports SEBI Chief Madhabi Puri Buch, Denounces Hindenburg Report as Misinformation
The Association of Mutual Funds in India (AMFI) has voiced its support for SEBI Chief Madhabi Puri Buch, rejecting claims from the recent Hindenburg report that aim to “create a trust deficit in the market ecosystem.” The report, issued by US short-seller Hindenburg Research, alleged tha
“Infinyte.Club Secures $3.6 Million in Seed Funding Led by Elevation Capital”
Wealthtech startup Infinyte.Club has successfully raised $3.6 million (INR 30.2 crore) in its seed funding round, spearheaded by Elevation Capital. The funding round also featured investments from a prominent group of angel investors, including Kunal Shah, founder of CRED; Vidit Aatrey, cofounder of
“CreditAccess India Seeks $2.7 Billion Valuation for CreditAccess Grameen in Potential Record MFI Deal”
CreditAccess India BV, a Netherlands-based firm with a 66.56% stake in CreditAccess Grameen, is aiming for a $2.7 billion valuation for the microfinance company, according to a report by Mint. If successful, this deal would become the largest transaction in India’s $51 billion microfinance sec
Sundar Pichai Mourns the Loss of Former YouTube CEO Susan Wojcicki
Sundar Pichai, CEO of Alphabet and Google, has expressed profound sorrow over the passing of Susan Wojcicki, the former CEO of YouTube, who died after a two-year battle with cancer. Pichai took to social media platform X to share his grief, describing Wojcicki as an integral figure in Google’s histo
“Alibaba’s Qwen2-Math AI Claims Edge Over GPT-4o in Math Problem-Solving Performance”
Alibaba Group Holding has elevated its AI game with the introduction of Qwen2-Math, a new suite of large language models (LLMs) specifically designed to excel in mathematical problem-solving. According to the e-commerce giant, these models outperform OpenAI’s GPT-4o and other leading LLMs in mathema
Cisco Plans New Round of Job Cuts Amid Strategic Shift to Cybersecurity and AI
Cisco, the leading manufacturer of networking equipment, is set to announce another wave of layoffs as early as Wednesday, coinciding with its fourth-quarter earnings report. This latest round of job cuts follows a previous reduction in February, which saw 4,000 employees let go. The new layoffs cou
“Mastering Cryptocurrency: A Comprehensive Guide to Understanding, Investing, and Securing Digital Assets”
Mastering Cryptocurrency: Your Comprehensive Guide to the Digital Asset World The world of cryptocurrency is ever-evolving, offering a plethora of opportunities for those looking to invest or simply understand this dynamic field. Our comprehensive guide covers the essentials of cryptocurrency, inclu
“Suzano SA Reports Record Loss Amid Weakened Brazilian Real, but Optimism Remains for Future Gains”
Suzano SA, the world’s largest wood pulp supplier based in São Paulo, reported a substantial loss of BRL 3.77 billion ($680 million) for the quarter ending June, marking the company’s largest quarterly loss since 1998. This loss starkly contrasts with the BRL 5.1 billion profit reported
Equity Residential Acquires 11 Apartment Complexes from Blackstone for $964 Million
Equity Residential has announced a significant acquisition, agreeing to purchase 11 apartment properties from Blackstone’s real estate unit for approximately $964 million. This transaction, marking the largest apartment purchase by a public REIT in seven years, includes complexes located in At
Gokaldas Exports Reports 16.5% Drop in Q1 PAT Due to Production Disruptions, Despite Revenue Surge
Gokaldas Exports Limited, a leading apparel manufacturer and exporter, has reported a 16.5% decline in its profit after tax (PAT) for Q1 FY25, totaling ₹27.2 crore, down from ₹32.6 crore in the same quarter of the previous year. The decrease in PAT was attributed to production disruptions in April a
Fitch Ratings Upgrades Adani Energy’s Credit Outlook After $1 Billion Equity Raise
Adani Energy Solutions has successfully raised $1 billion through a Qualified Institutional Placement (QIP), which was strongly supported by over 100 global institutional investors. The capital injection is set to bolster the company’s credit profile, reduce leverage, and support ongoing and future
RBI Projects 7.2% GDP Growth for 2024-25, Driven by Strong Urban and Rural Demand
The Reserve Bank of India (RBI) has forecasted a robust 7.2% growth in the country’s real GDP for the fiscal year 2024-25, supported by a rise in both urban and rural demand. RBI Governor Shaktikanta Das announced this projection on Thursday, attributing the optimistic outlook to continued investmen
“Smallcap Stock Aadhar Housing Finance Surges 4% After Reporting 37% YoY Net Profit Increase”
Shares of Aadhar Housing Finance Limited, a company specializing in low-income housing finance, soared by 4.6% to ₹432 in Tuesday’s trading session. This surge follows the company’s announcement of a robust 37% year-on-year increase in net profits for Q1 FY24-25, reaching ₹200 crores. At 10:49 AM, A
Tata Motors Anticipates Boost in EV Sales with FAME-III Scheme and Upcoming Festive Season
Tata Motors is banking on the upcoming FAME-III scheme and the festive season to invigorate its electric vehicle (EV) sales. Vivek Srivatsa, Chief Commercial Officer of Tata Passenger Electric Mobility Ltd, has urged for the prompt announcement of the FAME-III scheme, which he believes is crucial fo
Gentari Launches ‘Gentari Go’ App to Enhance EV Charging and Solar Solutions in India
Gentari Green Mobility India has unveiled the “Gentari Go” app, a significant advancement in the country’s clean energy landscape. The app integrates a range of sustainable solutions, including electric vehicle (EV) charging, home solar systems, and forthcoming test drive options. Navjit
DGGI Issues ₹10,000 Crore Tax Notices to 10 Foreign Airlines, Including Emirates and Lufthansa
The Directorate General of Goods and Services Tax Intelligence (DGGI) has issued show cause notices to ten foreign airlines over an alleged ₹10,000 crore in unpaid taxes. The list includes major carriers such as Emirates, Lufthansa, British Airways, Singapore Airlines, and Oman Air. The notices, dis
“Zomato Expands Horizons with New ‘District’ App for Comprehensive Lifestyle Services”
On August 1, Zomato announced the launch of a new app named ‘District,’ designed to expand beyond its traditional food delivery services into a broader spectrum of lifestyle and entertainment offerings. This ambitious move aims to consolidate various “going-out” activities, i
“Meet Kunal Bahl: Co-Founder of Snapdeal and Titan Capital”
Kunal Bahl is a prominent figure in the Indian entrepreneurial landscape, renowned for co-founding Snapdeal and Titan Capital. His journey reflects a blend of innovation and leadership that has significantly shaped the Indian e-commerce sector. Early Life and Education Born and raised in India, Kuna
“PFC Independent Directors Question ₹20,000 Crore Loan to SP Group”
Independent directors at Power Finance Corporation Ltd. (PFC) have raised significant concerns about a recent loan approval to the Shapoorji Pallonji Group (SP Group). The loan, amounting to approximately ₹20,000 crores, has prompted scrutiny due to its allocation and collateral details. The issues
“Lenders Vote to Liquidate Go First Airline After Low Bids Fail to Meet Expectations”
The committee of creditors (CoC) for the bankrupt airline Go First has unanimously opted for liquidation, following disappointing bids from potential resolution applicants. A senior executive from a private bank, which holds minimal exposure to the airline, confirmed that the voting process is compl
IndiGo Marks 18th Anniversary with 18% Discount and Announces New Business Class Product
IndiGo is celebrating its 18th anniversary on August 7 with a special promotion and a new business class product announcement. To commemorate the milestone, the airline is offering up to 18% off on flights from August 5 to August 8, 2024. Travelers can use the code ‘HAPPY18’ to avail of
“Tax Regime Switch Mid-Year: Clarifications Needed After Budget 2024 Changes”
Tax Regime Switch Mid-Year: Clarifications Needed After Budget 2024 Changes With the recent sweetening of the new tax regime in Budget 2024, many salaried taxpayers are now questioning whether they can change their tax regime choice mid-year. The Finance Minister’s announcements on July 23 have intr
“Adani’s Super App Expands into Digital Lending with New Fintech Partnerships”
Adani’s super app, Adani One, has embarked on digital lending pilots with fintechs and non-banking financial companies (NBFCs) as part of its strategy to diversify its offerings. This initiative, spearheaded by Adani Digital Labs, aims to integrate personal loans into the app’s suite of servic
Ex-Google Engineers Rejoin Company Through AI Partnership with Character.AI
Character.AI’s founders, Noam Shazeer and Daniel De Freitas, are rejoining Google’s AI division, DeepMind, alongside key members of their team. Character.AI, a startup known for its advanced chatbot technology, achieved a $1 billion valuation last year but has yet to generate revenue. Shazeer and De
BHEL to Showcase India’s First Methanol-Fired Gas Turbine at NTPC Kayamkulam
New Delhi: Bharat Heavy Electricals Limited (BHEL) has announced that it will conduct India’s first-ever demonstration of methanol-fired gas turbine technology at the 350 MW Kayamkulam Combined Cycle Power Plant (CCPP) operated by NTPC. This pioneering project, located in Alappuzha district, Kerala,
Nasdaq Enters Correction Zone as Big Tech Stocks Decline
The Nasdaq Composite index fell 2.2% on Friday, confirming a correction as it dropped 10.2% from its record high set on July 10. This decline reflects growing concerns over inflated valuations in the Big Tech sector and a weakening economy. The Nasdaq’s latest drop was triggered by disappointi
Empowering the Future: The Rise of Women Entrepreneurs in India
India is experiencing a significant surge in female entrepreneurship, marking a transformative period for business and economic growth. Women-owned enterprises are not only driving societal evolution but also creating job opportunities and inspiring future generations of female leaders. My own entre
Finland Opens Doors for Indian Startups with New Startup Permits
Finland is emerging as an attractive destination for Indian entrepreneurs looking to establish or relocate their tech startups. Ranked 14th on the Global Startup Ecosystem Index 2024 and 6th globally for innovation (Global Innovation Index – GII 2023), Finland offers a robust environment for t
Zomato Shares Surge 19% Following Positive Q1 Results and Analyst Upgrades
Shares of Zomato Ltd., the prominent food delivery aggregator, surged by 19% to ₹278.7 after analysts revised their price targets following the company’s strong June quarter results. Brokerage firm CLSA led the charge, maintaining a “buy” recommendation and raising its price target
“Arm Holdings Stock Slips Despite Record Q1 Revenue, Weak Guidance”
Arm Holdings (ARM) saw its shares tumble in after-hours trading, despite reporting fiscal first-quarter earnings that exceeded expectations. The company’s stock fell over 12% after gaining more than 8% during the regular session, even as it continues a remarkable run with a 90% increase so far
Sun Pharma’s Leqselvi Faces Legal Obstacles in US Launch Despite FDA Approval
Sun Pharmaceutical Industries Ltd’s new alopecia treatment, Leqselvi (Deuruxolitinib), recently approved by the US Food and Drug Administration (FDA), is encountering legal challenges that may delay its market debut. A motion for a preliminary injunction has been filed in a US court to block the dru
Empowering Women Entrepreneurs: 3 Key Strategies to Drive Business Growth and Boost Confidence
Women entrepreneurs have been pivotal in America’s economic recovery from the Covid-19 pandemic. For three consecutive years, women have started about half of all new businesses, according to a 2023 report by the U.S. Senate Committee on Small Business and Entrepreneurship. This momentum among
“LXME Secures $1.2 Million Seed Funding to Empower Indian Women Financially”
Mumbai-based fintech startup LXME has successfully secured $1.2 million in seed funding, spearheaded by Kalaari Capital. This investment aims to bolster the platform’s mission of fostering financial independence among women. Kalaari Capital, led by Vani Kola, is known for its early investments in My
“Boeing Names Kelly Ortberg as New CEO Amid Ongoing Challenges”
Boeing has announced Robert “Kelly” Ortberg as its new CEO, effective August 8, 2024. Ortberg, who previously served as the CEO of aerospace supplier Rockwell Collins, will succeed Dave Calhoun in leading the beleaguered aircraft manufacturer. Boeing has faced significant challenges in recent years,