 "Tata Digital narrows losses; Bigbasket thrives with rising revenue, while Tata 1MG turns profitable amidst strategic restructuring.")
In FY24, Bigbasket, India’s leading e-grocery platform, reported a revenue increase of 5.7%, reaching Rs 2,391.83 crore, compared to Rs 2,261.28 crore in FY23. The company also narrowed its losses to Rs 128 crore from Rs 215.21 crore the previous year. Tata Digital, the e-commerce division of Tata Sons, saw its losses shrink to Rs ...
 "Sanlam ventures into India’s wealth management, seizing growth amid economic transformation, as its profits soar on strategic partnerships.")
Sanlam Ltd., Africa’s largest insurer, is set to expand into India’s rapidly growing asset and wealth management sector. Building on its initial partnership with Shriram Capital Group established in 2005, Sanlam plans to launch a joint venture that focuses on wealth and advisory services. CEO Paul Hanratty highlighted that many Indians are starting to save ...
 "India and the UK are on the brink of finalizing a crucial Free Trade Agreement, enhancing their strategic partnership for economic growth.")
The Free Trade Agreement (FTA) between India and the UK is nearing completion, according to B.V.R. Subrahmanyam, CEO of NITI Aayog. Launched in January 2022, talks had stalled due to elections in both countries. The FTA aims to boost the current GBP 38.1 billion annual trade relationship. Recent agreements, like the UK-India Infrastructure Financing Bridge, ...
 "Vedanta’s Credit Rating Soars: A Strategic Leap Towards Financial Strength")
ICRA has upgraded Vedanta Ltd’s long-term credit rating from AA- to AA, highlighting the company’s improved credit profile. This change comes after Vedanta successfully raised $1 billion through a qualified institutional placement in July and an additional $400 million from selling shares of Hindustan Zinc Ltd in August. The upgrade reflects significant strategic growth initiatives ...
Prime Minister Narendra Modi and BJP President JP Nadda held a key meeting in New Delhi on August 29, 2024, ahead of upcoming assembly elections. In recent news, the Indian Cabinet approved several significant agricultural initiatives, including a Rs 3,979-crore scheme for crop science and a Rs 2,291-crore program to enhance agricultural education and management. ...
 "Apple’s Strategic Alliance: A Bold Move to Conquer India’s Streaming Landscape")
Apple has partnered with Bharti Airtel, India’s second-largest telecom provider, to boost its presence in the Indian video and music streaming Market, where it currently has less than 1 million users. This collaboration will offer many of Airtel’s 281 million customers free access to Apple Music and Apple TV+, aiming to expand user adoption in ...
 "PVR INOX Restructures: Closing Non-Performing Screens for Strategic Growth!")
PVR INOX, a leading multiplex operator, is strategically aiming for profitable growth by closing 60 to 70 underperforming screens in FY25 while opening 120 new ones. The company plans to focus on expanding in South India, which presents a significant opportunity due to fewer multiplexes in the region. To optimize costs, PVR INOX is shifting ...
 "BLS International Acquires SLW Media: A Strategic Move in Sports Management")
BLS International, a leading visa processing and consular services provider, has recently acquired a 51 percent stake in SLW Media, a sports management company specializing in golf, for Rs 80.24 lakh. This move enhances BLS International’s global footprint, enabling a seamless integration of golf events with its visa and travel services across over 66 countries. ...
 "Max Estates Pursues Rs 800 Crore Fundraising for Strategic Land Acquisitions")
Max Estates, a prominent real estate developer in the Delhi-NCR region, is set to raise Rs 800 crore by selling equity shares to institutional investors as part of its Qualified Institutional Placement (QIP) initiative. The company’s board has approved the plan, confirming a floor price of Rs 628.74 per share. Major domestic mutual fund companies ...
 "Balmer Lawrie Targets Rs 6,000 Crore Revenue by 2030 with Strategic Growth Plan")
Balmer Lawrie, a diversified public sector company, is set to achieve a revenue target of Rs 6,000 crore by 2030. Currently generating Rs 2,400 crore, the firm recently signed a Memorandum of Understanding with the government for a revenue goal of Rs 3,400 crore in the current financial year. The company, which operates in grease ...
