Author: ruchitha

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…

Strengthening Its Ties in the Financial Industry Jio Financial Services, a subsidiary of Reliance Industries Limited, has set up a new subsidiary to concentrate on the distribution of financial products as it makes strategic moves to strengthen their position in the financial services sector. In this context, this development is regarded as a milestone for Jio Financial Services towards further entrenchment in its space and provision of expanded offerings. A Key Step in the Right Direction The incorporation of the new subsidiary is a key step in Jio Financial Services’ strategy to expand its presence in the financial services sector.…

Investment bankers working on debt underwriting and initial public offerings (IPOs) are expected to see a significant increase in their bonuses this year, with some compensation specialists predictinga rise of up to 35%. According to a report by Johnson Associates, debt underwriters may see their bonuses climb by 25% to 35% this year, while bankers handling IPOs could see a 20% to 30% jump in their bonuses. The forecast comes after a string of strong second-quarter earnings performances from US and European banks, which have fueled demand for investment banking services. The strong growth in debt issuance and IPO activity…