The Reserve Bank of India (RBI) delivered a policy surprise on Friday by cutting the repo rate by 25 basis points to 5.25 percent, while maintaining a neutral stance. Despite expectations of status quo, the central bank leveraged softening inflation to extend monetary support. Alongside the rate cut, the RBI also moved proactively on the liquidity front, announcing ₹1 trillion of OMO purchases and a $5 billion buy sell swap, aimed at improving transmission and supporting financial conditions. A key highlight of the policy was the central bank’s dovish inflation outlook. With headline CPI inflation dropping to 0.25 percent in…
Author: Adarsh Kumar
Aman Gupta, the co-founder and CMO of boAt Lifestyle, is one of India’s most iconic entrepreneurs. His rise from a middle class Delhi boy to building one of the country’s most loved consumer electronics brands has inspired millions. Today, boAt dominates the audio and wearables market, standing strong against global giants like Apple, Samsung, JBL, and Sony. But Aman’s journey is proof that success never comes without struggle, risks, and relentless determination. Academic Hustle and Early Career Struggles Aman wasn’t always the confident business leader we see today on Shark Tank India. He started as a commerce student, went to…
Quick commerce major Zepto has formally converted into a public limited company, marking a significant milestone in its journey toward a planned initial public offering (IPO) in 2026. The corporate restructuring, revealed through recent regulatory filings, positions the company to meet compliance requirements ahead of its public market debut. The development comes months after reports indicated that Zepto had appointed top tier investment banks including Goldman Sachs, Morgan Stanley, and JM Financial to lead its listing preparations. According to people familiar with the matter, the company aims to raise around $500 million (₹4,500 crore) through the IPO, which is expected…
Elon Musk’s SpaceX is reportedly preparing a new insider share sale that could value the space and satellite giant at $750 billion to $800 billion, according to people familiar with internal discussions. If finalized, this valuation would surpass OpenAI’s $500 billion record, making SpaceX the world’s most valuable privately held company once again. The details were reviewed by the company’s board of directors during a meeting at Starbase, Texas, with final numbers dependent on seller interest and broader market conditions. One source noted that the share price under consideration exceeds $400 per share, a significant jump from the $212 per…
State run refiners Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd (BPCL) have placed fresh January loading orders for Russian oil from non sanctioned suppliers as widening discounts make the crude more attractive, according to trade sources. The move comes despite evolving geopolitical risks and recent U.S. sanctions targeting major Russian producers. BPCL has reportedly purchased four cargoes two each of Russian Urals and CPC Blend. Sources indicate that Urals crude was offered at a discount of $6–$7 per barrel to dated Brent, making it significantly cheaper than alternatives in the global market. IOC, India’s largest refiner, has also…
Insurance giant Life Insurance Corporation of India (LIC) and global investment firm GQG Partners have expressed interest in participating in the ongoing ₹24,930 crore rights issue of Adani Enterprises Ltd (AEL), according to people familiar with the development. The fundraising marks one of the largest capital-raising efforts undertaken by the Gautam Adani–led conglomerate in recent years. Both LIC and GQG Partners are among the largest public shareholders of Adani Enterprises, each holding around 4% equity. Their potential participation signals investor confidence in AEL’s long-term growth plans and the group’s continued strategy of expanding across new-age and core infrastructure sectors. AEL,…
A brief Cloudflare outage on Thursday disrupted multiple online services, including leading Indian trading platforms Zerodha, Angel One, and Groww. Thousands of users took to social media to report problems such as login failures, inability to place orders, and delays in accessing live market data. The disruption occurred as APIs and backend systems that rely on Cloudflare’s infrastructure faced connectivity issues across several regions. The outage had a direct impact on real-time trading activity during market hours, causing frustration among retail traders. Several fintech apps, enterprise tools, and global websites that depend on Cloudflare for content delivery, security, and traffic…
India’s largest airline, IndiGo has witnessed a sharp erosion of investor confidence as ongoing flight cancellations and operational disruptions have wiped out nearly Rs 25,000 crore from the market capitalisation of its parent company, InterGlobe Aviation Ltd, over the last six trading sessions. According to stock exchange data, the airline’s continuous operational challenges have triggered a significant decline in its share price. The turbulence extends beyond markets, impacting more than 2.9 lakh retail shareholders who hold positions in InterGlobe Aviation. The steep fall in valuation reflects rising concerns over IndiGo’s ability to stabilise its operations quickly and manage passenger traffic…
Indian edtech and school management startup Newron has raised Rs 40 crore in a pre-Series A funding round, marking a significant milestone in its mission to redefine K–12 school operations in India and global markets. The fresh infusion of capital will strengthen Newron’s international operational capabilities, build a robust cross-border compliance framework, and enhance its proprietary technology infrastructure that powers centralized school administration. Founded in 2022, Newron offers end-to-end school management services, covering operations, finance, HR, and compliance. The startup also develops a comprehensive K–12 curriculum and deploys ERP systems to help institutions make data driven decisions. By replacing outdated…
Aspora, the cross-border financial technology platform formerly known as Vance, has appointed Varun Sridhar, ex-CEO of Paytm Money and Paytm Services, as the new CEO of its wealth management and lending division. The strategic leadership move was announced through Aspora’s official LinkedIn channel and marks a major milestone in the company’s global expansion ambitions. With 20+ years of experience in financial services, digital banking, and fintech transformation, Sridhar is widely regarded for steering high growth financial platforms. At Paytm, he helped scale Paytm Money from launch to profitability and played a key role in building the company’s operating model during…