#Business | Thanks to Trump, iPhone production in India likely to double to $30 bn: Report ππ²
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Moneycontrol
Thanks to Trump, iPhone production in India likely to double to $30 bn: Report
In his first term from 2016-2020, Trump had imposed a slew of tariffs on Chinese imports. A similar move in his second tenure could make Apple one of the top manufacturing companies in India, the report added.
#Business | Swiggy, Zomato to diversify beyond core business, weigh new services: Report π΅π₯‘π
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Moneycontrol
Swiggy, Zomato to diversify beyond core business, weigh new services: Report
Deepinder Goyal-led Zomato, which went public in 2021, started out as an online restaurant listing platform and has undertaken several pivots over the years.
#Business | Cipla is well-positioned to take advantage of US policy shifts, CEO Umang Vohra ππΊπΈ
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Moneycontrol
Cipla is well-positioned to take advantage of US policy shifts, CEO Umang Vohra
Ciplaβs FDA-compliant facilities and its investments in US-based units place it in a strong position to weather potential trade disruptions, says Umang Vohra
#Business | Wockhardt QIP bids dominated by major mutual funds π₯π
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Moneycontrol
Wockhardt QIP bids dominated by major mutual funds
Since the start of 2024, Wockhardtβs stock price has almost tripled to Rs 1,233.85 per share as on November 8.
#Business | Maruti Suzuki rolls out all-new Dzire at a starting price of Rs 6.79 lakh π
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Moneycontrol
Maruti Suzuki rolls out all-new Dzire at a starting price of Rs 6.79 lakh
The entry-level sedan will be taking on Tigor, Amaze, Hyundai Aura, and others in the sub four-metre category, and will be sold in Swift-like variants, namely LXI, VXI, ZXI, and ZXI+.
#Business | Aditya Birla Group's Kumar Mangalam Birla to further invest in US during Trump 2.0 πΊπΈπ°π
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Moneycontrol
Aditya Birla Group's Kumar Mangalam Birla to further invest in US during Trump 2.0
KM Birla confirmed that the recycling and rolling plant in Alabama is on schedule to start from FY26. "It is on time. It will be a high-technology, high-precision rolling mill and first kind facility."
#Business | Bitcoin rises to record high of $82,400 as Trump's election win turbocharges cryptos π°π
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Moneycontrol
Bitcoin rises to record high of $82,400 as Trump's election win turbocharges cryptos
Donald Trump embraced digital assets during his campaign, promising to make the United States the 'crypto capital of the planet' and to accumulate a national stockpile of bitcoin
#Business | Hyundai India Q2 net profit falls 16% to Rs 1,375 crore, shares decline over 2% ππ
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Moneycontrol
Hyundai India Q2 results: Net profit falls 16% to Rs 1,375 crore
Hyundai India Q2 results: Revenue falls 8% to Rs 16,961 crore
#Business | Wealthy investors tend to park only about 10% of their portfolio in gold to act as a hedge: Report ππͺ
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Moneycontrol
Wealthy investors tend to park only about 10% of their portfolio in gold to act as a hedge: Report
Further, on the ESG front, the report said that 68 percent of survey respondent consider ESG as critical.
#Business | 95% layoffs, investor refunds, and a quest for survival: Inside Hubilo's struggle to find a new market fit π’π
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Moneycontrol
95% layoffs, investor refunds, and a quest for survival: Inside Hubilo's struggle to find a new market fit
The firm has returned around $75 million out of the $150 million raised since its inception to investors.
#Business | AI-Vistara merger becomes reality; SIA to invest additional Rs 3,195 cr into integrated entityβοΈπ
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https://www.moneycontrol.com/news/business/companies/ai-vistara-merger-becomes-reality-sia-to-invest-rs-3195-cr-more-in-integrated-entity-12864932.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
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Moneycontrol
AI-Vistara merger becomes reality; SIA to invest Rs 3,195 cr more in integrated entity
The completion of the much-awaited amalgamation, which was announced in November 2022, comes within six weeks of the integration of Air India Express and AIX Connect
#Business | How to buy Bitcoin in India: Here's a step-by-step guide π°πͺ
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Moneycontrol
How to buy Bitcoin in India: Here's a step-by-step guide
On November 12, a record-breaking rally in the original cryptocurrency led the digital asset past $89,000 mark, taking the overall value of the crypto market above its pandemic-era peak.
#Business | Swiggy IPO to mint 500 crorepatis; 5,000 employees set to earn Rs 9,000 crore in total π΅π₯‘π°π
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Moneycontrol
Swiggy IPO to mint 500 crorepatis; 5,000 employees set to earn Rs 9,000 crore in total
Swiggyβs employee stock option (ESOP) payout exercise will be among the top ones in Indiaβs startup scene where companies generating wealth at this scale is rare
#Business | MTNL defaults on Rs 5,726 crore loans; total debt at Rs 32,097 crore π°βοΈπ
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Moneycontrol
MTNL defaults on Rs 5,726 crore loans; total debt at Rs 32,097 crore
MTNL has defaulted on payment of Rs 173.13 crore due to paid to Punjab and Sind Bank, comprising the principal amount of Rs 166.57 crore
#Business | Swiggy's dollar millionaires: 70 employees to pocket over $1 million each as company delivers IPO π΅π₯‘π
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Moneycontrol
Swiggy's dollar millionaires: 70 employees to pocket over $1 million each as company delivers IPO
The 70 staffers are part of a wider group of 5,000 employees who earned a staggering Rs 9,000 crore in total, thanks to healthy ESOP payouts, as reported by Moneycontrol earlier
#Business | Quick commerce to take away $1.28 billion in sales from Kirana stores this year ποΈπ
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https://www.moneycontrol.com/news/business/startup/quick-commerce-to-take-away-1-28-billion-in-sales-from-kirana-stores-this-year-12866587.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
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Moneycontrol
Quick commerce to take away $1.28 billion in sales from Kirana stores this year
Since the rise of quick commerce platforms, nearly 46 percent of quick commerce buyers have reduced their buys from kirana stores, signaling a significant shift in consumer behaviour
#Business | Reliance and Disney complete transaction to form JV for entertainment brands in India π’π€
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Moneycontrol
Reliance and Disney complete transaction to form JV for entertainment brands in India
The JV will be spearheaded by three CEOs; Reliance has invested Rs 11,500-crore growth capital in the JV
#Business | From glow up to slow down: Mamaearthβs growth disappoints π’π
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https://www.moneycontrol.com/news/business/startup/from-glow-up-to-slow-down-mamaearths-growth-disappoints-12868005.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
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Moneycontrol
What's hurting Mamaearth? Inventory correction, quick commerce and competition from new online brands
The emergence of social media and the rapid rise of quick commerce are a few factors that are hurting Mamaearth. The company however plans to invest in innovation, R&D and nurse the company back to health.
#Business | Kunal Shah to take on Zerodha, Groww? Cred-owned Spenny applies for stock broking licence π’π
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Moneycontrol
Kunal Shah to take on Zerodha, Groww? Cred-owned Spenny applies for stock broking licence
However, instead of its core business, Cred is eying stock broking as a natural extension of its anticipated strategy of full-fledged a financial services platform, with broking a part revenue driver
#Business | π FY24 sees decline in electronic imports, thanks to Make in India: Report
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https://moneycontrol.com/news/business/fy24-sees-decline-in-electronic-imports-thanks-to-make-in-india-report-12868579.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
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Moneycontrol
FY24 sees decline in electronic imports, thanks to Make in India: Report
The total import value of these companies had crossed Rs 1 lakh crore in in FY22 and increased further in FY23.