Swiggy’s Major Pre-IPO Development: What’s the Big News?
Swiggy, one of the leading companies in the food and grocery space, has declared one of the biggest ESOP (Employee Stock Option Plan)liquidity programs to date. The company has announced that it will offer ESOP liquidity to more than 2,000 employees across all departments and levels before launching its IPO. This program allows employees to…
Abdullah Ansari
Alphabet May Defy Antitrust Laws with Historic Purchase
Alphabet, Google’s parent company, plans to make one of its largest acquisitions in history. The company made its last major acquisition almost a decade ago, acquiring Motorola Mobility for $12.5 billion. According to WSJ (Wall Street Journal), the discussion regarding the acquisition of $23 billion of Wiz might fall through if all the pending details…
ABHYUDAYA MITTAL
Can India Expect Changes In Union Budget 2024-25?
The final Union Budget 2024-25 is set to be presented on July 23. The interim budget for 24-2025 was launched in February, and now India is expecting some changes in the final budget, according to reports. According to the officials, the centre might propose changes in the customs rules to remove heavy anomalies, retain certain…
Bhumika
Honeywell to Acquire Air Products’ LNG Process Unit
Honeywell’s latest Air Products LNG process technology acquisition has sent waves across the industry in recent developments. As per the news, the total value of the acquisition was around $1.81 billion in cash, making it the company’s fourth-largest acquisition in this year. This acquisition is poised to enhance the LNG (Liquified Natural Gas) business by…
Chandan Kumar
Ambani’s RIL Acquires Adani Power Subsidiary Shares
Reliance Industries Limited and Adani Power have announced an unexpected twist that could significantly impact the energy sector. India’s wealthiest business tycoon, Ambani, has revealed the acquisition of Mahan Energen, a subsidiary of Adani Power. RIL mentioned that they will buy a 26% stake worth ₹50 crore in the 600 MW unit of Mahan Energen’s…
Shipra Prajapati
L&T’s Middle East Deals Enhance its Renewables Portfolio
In recent developments, Larsen & Toubro has confirmed that it has received mega projects from the Middle East to develop two gigawatt-scale solar PV plants. The project classification of these mega projects is between Rs 10,000 crore and Rs 15,000 crore. In the exchange filings, the company mentioned that “The plants will have a cumulative…
TRAI Clarifies Mobile Tariff Hike – Will Prices Shift Again?
Recently, major telecom service providers like Jio, Airtel, and more have increased the prices of their mobile tariff plans by 25%. Further, unlimited 5G is now conditional and exclusive to plans offering 2GB or more data per day. These changes irked users, and few customers even started believing these were against the regulatory framework. To…
Malaysia Co-Partner With Chinese Automaker – BAIC MotorÂ
The Southeast Asian region is looking forward to joining a partnership with China-based automaker – BAIC Motor. With the aim of expanding the local production of EVs, earlier this year, an agreement was signed between BAIC and Gigafactory Malaysia (GMSB), a subsidiary of NanoMalaysia. It is done to develop EV battery technology to increase the…
Koo Is Calling It Quits – Find Out What Happened
Koo, a million-dollar Indian startup that was once considered a rival of Twitter (now X), is shutting down. Its founder, Aprameya Radhakrishna, posted the news on LinkedIn on Wednesday. The news came after the ongoing merger deals with different companies fell through. Koo’s founder RadhaKrishna, said, “Here’s the final update from our end. Our partnership…
Inside the Hedge Fund’s Dark Scheme Against Adani
In light of recent events, SEBI (Security Exchange Board of India) released a shocking revelation regarding the Hindenburg report on Adani Entreprises. In its report, the regulator mentioned that the US-based research firm Hindenburg made a profit-sharing deal with Kingdon Capital Management LLC to share research reports before making them public. Ultimately, this resulted in…
Himanshu