Author: ruchitha

In a remarkable market debut, Bajaj Housing Finance’s shares more than doubled on Monday, September 16, 2024, surging 130% to 161 Rupees before paring some gains to trade at 125% higher. The stock was listed at 150 Rupees on the National Stock Exchange of India, compared with an offer price of 70 Rupees. Market Capitalization The market capitalization of Bajaj Housing Finance after its market debut on September 16 is approximately ₹1.34 trillion (or $16 billion USD). This is based on the company’s shares surging 125% on their first day of trading, closing at ₹165 on the NSE. The company’s…

In a remarkable feat, India has emerged as the leader in global crypto adoption for the second consecutive year, despite the country’s tough regulatory environment and high taxes. According to a report by blockchain analytics firm Chainalysis, India has maintained its top position in the global crypto adoption index, with a significant increase in the use of centralized exchanges and decentralized finance (DeFi) assets between June 2023 and July 2024. Regulatory Hurdles India’s regulatory framework has been particularly challenging, with the Financial Intelligence Unit (FIU) issuing show-cause notices to nine offshore cryptocurrency exchanges in December 2023 for failing to comply…

Ola Electric Set to Go Public: Bhavish Aggarwal’s Vision for the Future In a recent statement, Bhavish Aggarwal, the founder of Ola Electric, made a bold claim that is making waves in the business world. “Tesla is for the West, Ola is for the rest,” he said, emphasizing the company’s plans to take on the global electric vehicle market. About Bhavish Aggarwal Bhavish Aggarwal is the founder of Ola Electric, Ola Cabs, and Ola Financial Services. He is a young entrepreneur with a passion for innovation and a commitment to making a positive impact on the world. With his bold…

In a significant move, the GST panel has recommended tax exemption for foreign airlines operating in India. This decision is expected to bring relief to foreign airline operators who have been facing GST-related issues in the country. Background of the Issue Foreign airlines with offices in India have been receiving GST notifications for not paying taxes on services imported by Indian entities from their headquarters. The issue has been brought before the fitment committee within the GST Council, and there is a growing inclination towards granting tax exemption. The Issue in Detail The headquarters of airlines cover expenses such as…

Introduction Acko’s Life Cover Biz is a pioneering insurance company that is dedicated to providing innovative and customer-centric life insurance solutions. With a focus on term plans and pensions, we aim to empower individuals to take control of their financial futures and secure their loved ones’ well-being. The Importance of Term Plans Term plans are a type of life insurance that provides coverage for a specified period. They are an essential component of any financial plan, offering a safety net for families in the event of an untimely demise. Acko’s Life Cover Biz offers a range of term plans that…

On Friday, August 30, 2024, the Indian Rupee appreciated 7 paise to 83.82 against the U.S. dollar during early trade. The Indian Rupee appreciated against the US dollar due to a combination of factors, including a decline in crude oil prices, a positive trend in the domestic equity market, and the weakening of the US dollar. Additionally, other factors such as inflation differential narrowing , interest rate differential, economic strength, FII, FDI, and FPI inflow, fiscal deficit, and bilateral trade agreements also contributed to the rupee’s appreciation. Key Factors Contributing to the Rupee’s Appreciation Additionally, other factors such as: Impact…

Tata Steel Limited has acquired 178,34,39,490 ordinary equity shares of T Steel Holdings Pte. Ltd, its Singapore-based subsidiary , for a total consideration of Rs 2,348 crore. This acquisition is a significant move by Tata Steel to strengthen its position in the industry. Impact on Industries and Consumers The acquisition of shares worth Rs 2,348 crore in T Steel Holdings by Tata Steel is expected to have a significant impact across various industries, including the power sector. According to T V Narendran, CEO and MD of Tata Steel, this move will have a far-reaching impact not only on industries but…

Hangyo, a popular ice cream brand in South India, has raised $25 million (around Rs 200 crore) from Faering Capital, marking its largest institutional round in over 20 years. This funding will help the Mangaluru-based company to enhance its production capabilities, accelerate new product development, and expand its presence across key markets, primarily in southern India. About Hangyo  Hangyo Ice Cream was founded in 2003 by Pradeep Pai and Dinesh Pai. The company offers a suite of products in various flavors and formats, including cups, cones, sorbets, sticks, tubs, and kulfis, distributed through general trade, modern trade, and online channels.…

In a recent development, Indian Commerce Minister Piyush Goyal has expressed concerns over the rapid growth of e-commerce in the country, accusing major players like Amazon of engaging in predatory pricing practices. The minister’s comments come at a time when the e-commerce sector is experiencing unprecedented growth, with many small retailers struggling to compete. Predatory Pricing and Market Disruption Goyal questioned the legality and ethical implications of e-commerce platforms engaging in direct-to-consumer sales, which he suggested may be happening despite regulatory restrictions. “They are, after all, an e-commerce platform, and they are not legally allowed to do B2C. However, the…

As we navigate the ever-changing landscape of consumer behavior, it’s essential for brands to stay ahead of the curve and adapt to emerging trends. In this article, we’ll delve into the top consumer shopping trends that are expected to shape the industry in the coming years, and provide insights on how to leverage them to increase your brand’s financial status. Case Studies: Establishing Transparency and Trust More than a quarter of marketers (26%) leverage case studies as part of their content strategy. Case studies help establish transparency and trust between brand and consumer, offering prospects an exclusive look into how…