Delhivery stunned the market this week with a 17% jump in revenue for Q2 FY26, hitting Rs 2,559 crore. On paper, it looks like business is booming—but behind the numbers lurks a shocking twist: the company reported a net loss of Rs 50 crore, reversing last year’s Rs 10 crore profit.
What caused this sudden downturn? The culprit is the costly integration of its Ecom Express acquisition, which…
Nazara Technologies Receives Rs 5.68 Crore GST Demand Notice: What’s Next?
Mumbai-based gaming giant, Nazara Technologies, is in the spotlight after receiving a hefty GST demand notice amounting to a total of Rs 5.68 crore. The notice was issued on January 31, 2025, and it includes the principal tax, penalties, and interest due to a delay in export proceeds. Nazara has already expressed its…
Nakul Jain Steps Down as CEO of Paytm Payments Services
Big news from the Paytm camp! Nakul Jain, the Managing Director and CEO of Paytm Payments Services Limited (PPSL), has announced his resignation. Jain, who joined the company in April 2022, will step down on March 31, 2025, or earlier if both sides agree. So, what led to his departure, and what does it mean for the future of Paytm…
Lithuania’s Vinted has made headlines by securing a remarkable new valuation of €5 billion (approximately $5.4 billion), following a significant secondary share sale worth €340 million ($367 million). This achievement underscores the growing strength of the second-hand fashion marketplace and its impact on the broader retail landscape.
Major Players in the Secondary Share Sale
The latest…
In a bold move highlighting the shifting landscape of the startup ecosystem, Indian stock trading and mutual fund platform Groww has paid a staggering $159.4 million in taxes as it transitions its headquarters back to India from the U.S. This significant tax event marks a pivotal moment not just for Groww but for a growing wave of Indian startups making a similar leap.
Why Are Startups Coming…
Oister Global, a Gurugram-based investment firm, has partnered with Tribe Capital India to launch a new fund focused on secondary market transactions. This fund aims to invest $500 million over the next two years as interest in secondary private market transactions in India continues to rise.
In the past four to five years, India has seen $7.7 billion transacted in the secondary market, according…
Mark Zuckerberg’s fortune has skyrocketed by approximately $70 billion this year, bringing his net worth to $198 billion, as reported by the Bloomberg Billionaires Index. This substantial increase marks a leap from $128 billion at the start of the year.
Zuckerberg now holds the third position on the global rich list, surpassing LVMH CEO Bernard Arnault, who is valued at $183 billion, and…
On Tuesday, Zee Entertainment Enterprises Limited (ZEEL) announced that its Securities Issue and Allotment Committee has approved the allotment of foreign currency convertible bonds (FCCBs) worth $239 million. This move aims to raise significant capital through private placement.
In a regulatory filing, ZEEL revealed that the FCCBs, totaling approximately ₹2,000 crore, will mature in 10 years.
Brainbees Solutions, the parent company of Firstcry, has officially announced the price band for its upcoming initial public offering (IPO). The company is offering its shares within a range of ₹440 to ₹465 each. Investors interested in participating can apply for a minimum of 32 equity shares and in multiples of 32 shares thereafter. The IPO will be open for subscription from August 6 to…
Akums Drugs and Pharmaceuticals has launched its much-anticipated Initial Public Offering (IPO), opening today, July 30. The company is offering shares in a price band of ₹646 to ₹679 each, with a minimum lot size of 22 shares and in multiples thereafter. The subscription window for this IPO will remain open until August 1.
Key Details of the Akums IPO:
Issue Size: ₹1,856.74 crore
Price…
