 "India’s manufacturing sector surged in FY23, adding 1.3 million jobs and showing robust growth amid post-pandemic recovery.")
India’s manufacturing sector experienced significant job growth in FY23, adding 1.3 million new positions, up from 1.1 million in FY22. Data from the National Statistical Organisation shows a 7.4% rise in employment, reaching 18.5 million workers. This positive trend correlated with a 7.3% increase in the sector’s gross value added, totaling Rs 21.97 trillion. Key ...
 "Meesho’s Mega Blockbuster Sale dazzles with 65 million visitors and unprecedented order growth, signaling a remarkable festive season.")
Meesho, the SoftBank-backed e-commerce platform, achieved impressive results on the opening day of its annual ‘Meesho Mega Blockbuster Sale,’ attracting 65 million unique visitors. Founder and CEO Vidit Aatrey reported a remarkable surge in app downloads, reaching 15 million before the sale. Purchase orders doubled compared to last year, with some brands experiencing even higher ...
 "West Bengal’s WBPDCL achieves coal self-sufficiency, aiming for 20 million tonnes production, overcoming infrastructure challenges and environmental hurdles.")
The West Bengal Power Development Corporation (WBPDCL) has achieved coal self-sufficiency for its thermal plants, reducing reliance on Coal India Ltd. As of August 2024, WBPDCL has dispatched 9.1 million tonnes from its own mines and aims to produce 20 million tonnes this fiscal year. A significant portion of this output comes from the Pachwara ...
 "Atlys secures million funding amidst explosive growth, revolutionizing visa processing for millions of travelers, especially from India.")
Atlys, a visa processing platform, has successfully raised $20 million in its Series B funding round, co-led by Peak XV Partners and Elevation Capital. This new investment brings Atlys’ total funding to $40 million and comes as the company has experienced remarkable 20x growth in the past year. The funds will support Atlys’ expansion into ...
 "Despite market volatility, equity mutual funds saw record inflows, boosting investor numbers towards a historic 50 million milestone.")
Equity mutual funds (MFs) in India are experiencing remarkable growth, with inflows reaching Rs 37,113 crore in July, the second-highest monthly total ever. The investor base is expected to surpass 50 million by September, with over 10 million new investors joining in just a year. This surge is fueled by a strong equity Market performance ...
 "OYO’s bold acquisition of G6 Hospitality for 5 million marks a pivotal expansion in its U.S. presence, enhancing Motel 6’s legacy.")
OYO, the global travel technology firm, is expanding its presence in the U.S. by acquiring G6 Hospitality, which includes Motel 6 and Studio 6, for $525 million in cash. Since entering the U.S. Market in 2019, OYO has grown to operate over 320 hotels and plans to add another 250 in the coming year. This ...
OYO, an IPO-bound travel tech platform based in India, has agreed to buy the Motel 6 and Studio 6 hotel brands from Blackstone Real Estate for $525 million in an all-cash deal. This acquisition aims to enhance OYO’s presence in the US Market, where it currently operates over 320 hotels. The deal is expected to ...
 "Amidst slowing bank funding, Aye Finance secures million to empower micro-enterprises, bolstering their mission to drive financial inclusion.")
Aye Finance, a non-banking financial company based in Gurugram, has successfully raised $30 million in a Series G funding round led by ABC Impact, which is backed by Temasek. This funding comes just eight months after Aye Finance secured $37 million in its Series F round, bringing its total funding to $164 million since 2014. ...
 "BSNL defied industry trends, gaining 2.9 million subscribers in July amid rivals’ tariff hikes, marking a dramatic turnaround.")
In July, state-owned telecom company BSNL experienced a significant turnaround, adding 2.9 million subscribers after private rivals increased their tariffs. This surge came after BSNL had lost 0.74 million users in June. Major players like Reliance Jio, Bharti Airtel, and Vodafone Idea raised their prices just days earlier, resulting in subscriber losses for all three. ...
 "Physics Wallah secures 0 million in funding, skyrocketing its value to .8 billion, while aiming to transform India’s educational landscape.")
Physics Wallah, an EdTech company founded by Alakh Pandey and Prateek Mishra, has successfully raised $210 million in its Series B funding round, increasing its valuation to $2.8 billion. This funding, led by Hornbill Capital and supported by investors like Lightspeed Venture Partners, reflects confidence in Physics Wallah’s vision to democratize education in India. The ...
