Author: Ansh Singh

New Delhi: Vodafone Idea (Vi) has once again found itself in the middle of a storm. The company is battling a fresh government demand of around ₹9,450 crore linked to the long-running AGR (adjusted gross revenue) issue, and at the same time, global brokerage Citi has placed a bold “high-risk buy” call on its stock. For a company struggling to survive, these two developments tell us a lot about where things stand right now. The heart of the issue is the AGR dues. For years, telecom operators and the government have been at loggerheads about how to calculate revenue for…

New Delhi: The notorious edtech company BYJU’S of India is once more in the news, but not in the right form. The company was worth billions of dollars but lenders and investors are posing serious questions to it. Friends of the company feel that a lot of concerns have been raised rather than being addressed by the latest decisions made by the founder Byju Raveendran. BYJU has expanded rapidly in the COVID-19 era when the online education is more sought after. The company was heavily involved in marketing and advertisements by celebrities as well as overseas acquisitions. Growth was…

New Delhi: India’s billionaires are becoming richer. Stock markets are strong, company valuations are high, and business owners are seeing their wealth grow. Every few months, new rich names appear on wealth lists. At the same time, middle class families are feeling pressure. Many households are cutting down on spending. Prices of daily items like food, school fees, and healthcare have increased. Salaries have not grown at the same speed. As a result, families are thinking twice before buying expensive items. Experts say this gap is worrying. When wealth grows only at the top, it can slow down overall economic…

New Delhi: In a significant move to facilitate startups and small business, NRB Bank PLC has signed a significant agreement with Bangladesh Bank. Through this deal, NRB Bank will utilise Tk 500 crore startup refinance fund of the central bank to provide loans to startups and SME customers across Bangladesh. This refinance fund was established by Bangladesh Bank in favor of new businesses as they are often facing difficulties in getting loans from regular banks. Many startups have good ideas but lack sufficient assets and long business history. Because of this, the banks are reluctant to lend. With this new…

For many years, investing in India felt confusing and risky. Words like mutual funds, stocks, and SIPs scared common people. Investing was mostly limited to experts or wealthy individuals. Seeing this gap, four young engineers decided to change the way Indians invest. This idea later became Groww, one of India’s most popular investment platforms. Groww was founded in 2016 by Lalit Keshre, Neeraj Singh, Ishan Bansal, and Harsh Jain. All four founders worked together at Flipkart and shared a strong interest in finance and technology. During their time at Flipkart, they noticed that many employees wanted to invest but did…

In India, traffic is part of daily life. Long jams, crowded buses, expensive cabs, everyone has faced these problems at least once. Three young engineers noticed this struggle and decided to solve it in a simple way. That decision led to the birth of Rapido, India’s popular bike-taxi startup. Rapido was founded by Pavan Guntupalli, Aravind Sanka, and Rishikesh SR. All three were engineering graduates who had regular jobs. Like most city commuters, they also struggled with daily travel. They saw that bikes could move faster than cars in traffic and cost much less. This small observation later turned into…

New Delhi: BlackBuck founder Vikram Singhania and founder Vikram Upadhyaya sold part of their stakes worth 243 crore rupees in a big block deal this week. This action has attracted investors and the startup community. BlackBuck is a popular India based technology logistics company in India which collaborates with truck operators and businesses. Reports indicate that the sale of the shares was conducted as a liquidity move, and it was planned. This implies that the founders had an interest in turning a part of their stocks into cash. According to experts such moves are common when the startups become large…

New Delhi: Bhavish Aggarwal, the founder of Ola Electric, is experiencing new issues as the company attempts to expand its electric vehicle production and deliveries. Ola Electric makes big ambitions of being a pioneer in the electric vehicle revolution in India, but the journey has not been easy. The company has put a lot of investments in its huge manufacturing facility in Tamil Nadu. The aim is to manufacture scooters with electricity on a large scale and make EVs economical to the Indian people. Nonetheless, Ola Electric has experienced delays in deliveries, quality feedbacks and service problems. Certain customers have…

New Delhi: Paytm founder, Vijay Shekhar Sharma has reacted to recent regulatory changes that have compelled the company to restructure the way it conducts business. Paytm is among the largest digital payment systems in India that faced pressure following concerns about a few of its services by regulators. Paying close attention to the banking and payment activities of Paytm are the Reserve Bank of India (RBI). Following new directives issued by regulators, Paytm was forced to discontinue or downsize certain services particularly those that are associated with the Paytm bank of payments. This raised concerns among customers and shareholders. Vijay…

New Delhi: Byju Raveendran, the founder of BYJU’S is once again seeking an escape as the firm is still in grave financial trouble. BYJU, which was previously the largest and most valuable education technology business in India, is under insolvency. It implies that the company cannot pay its debts in time and lenders are currently contemplating the next step. Byju Raveendran has recently approached the law authorities with a request to get a new relief. He is demanding more time and support to ensure that the firm is able to solve its problems without forfeiting complete control. On numerous occasions,…