InsuranceDekho, a prominent force in India’s insurtech industry, has announced the launch of its innovative SaaS platform, Heph, designed to enhance the efficiency of insurance distributors. With a notable achievement of insuring over 8 million customers—equivalent to 21 individuals every minute—InsuranceDekho attributes its success to a cutting-edge technological approach.
Founder and CEO…
Uber is set to relaunch its luxury ride-hailing service, Uber Black, in India, catering to the growing demand for premium experiences among Indian consumers. The revamped service is expected to begin rolling out in Mumbai within the next few weeks.
Initially introduced in India in 2013, Uber Black offered high-end vehicles such as Mercedes, BMW, and Audi. However, it was soon replaced by more…
The equity market has experienced significant volatility recently, particularly following a sharp rise post-Lok Sabha elections. As the market hit new highs, savvy portfolio managers have been actively adjusting their portfolios to navigate this turbulence and achieve superior returns.
Here are the top five holdings of the highest-performing portfolio management service (PMS) strategies that have…
Hero Motors, a key player in the auto-components sector under the Hero Motors Company (HMC) Group, has taken a pivotal step toward going public. On August 23, the company submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI), marking the beginning of its initial public offering (IPO) process. The IPO aims to raise ₹900 crore, comprising a fresh…
Swiggy, the Indian food delivery giant, has seen its valuation decrease to $14.7 billion ahead of its highly anticipated initial public offering (IPO). This valuation adjustment, reported by US-based asset management firm Baron Capital in regulatory filings with the US Securities and Exchange Commission (SEC), marks a 2.6% drop from the previous valuation of $15.1 billion recorded in March 2024.
Former U.S. media executive Edgar Bronfman Jr. has indicated that he is open to Shari Redstone maintaining an involvement with Paramount Global if his consortium’s bid for the company’s controlling shareholder, National Amusements, is accepted. Bronfman’s proposal, valued at $6 billion, includes a bid for National Amusements and a minority stake in Paramount Global.
This competing offer…
Crayola has officially trademarked the distinctive scent of its crayons, known for its “slightly earthy soap with pungent, leather-like clay undertones.” This move marks a significant moment for the arts and crafts giant, which is a leader in the US coloring market. The trademark, granted by the US Patent and Trademark Office in July, represents a unique blend of nostalgia and innovation.
The…
In a significant regulatory action, the Securities and Exchange Board of India (SEBI) has barred industrialist Anil Ambani and 24 associated entities from the securities market for five years. This penalty follows an investigation into the diversion of funds from Reliance Home Finance Ltd. (RHFL), a company under Ambani’s broader business conglomerate. SEBI has also imposed a hefty fine of ₹25…
Adani Power, a subsidiary of billionaire Gautam Adani’s vast conglomerate, is currently facing a significant financial dispute with Bangladesh, which owes the company approximately $800 million in unpaid dues. This substantial amount stems from electricity supplied by Adani Power’s coal-fired plant in Godda district, Jharkhand. The dispute comes at a tumultuous time for Bangladesh, which has…
The latest allegations from Hindenburg Research, questioning potential conflicts involving the chief of India’s market watchdog, have reignited a critical debate. These claims, which have been denied by both the official and the regulator, necessitate a serious and independent investigation. The Supreme Court in New Delhi should consider reinstating the committee it had previously established…
