Three points you will get to know in this article: The shares of One97 Communications Ltd, the parent company of leading fintech player Paytm, faced a 20% downward lock at INR 650.65 on Thursday (December 7). This downturn came in response to the company’s decision to shift its focus away from smaller loans, specifically those below INR 50,000, which primarily…
Three points you will get to know in this article: Hero MotoCorp has successfully secured an extra 3% ownership in the dynamic electric vehicle enterprise, Ather Energy, by investing a noteworthy sum of Rs 140 crore (equivalent to approximately $16.8 million). As disclosed in official regulatory documents, this strategic investment involves the acquisition of supplementary shares from Ather’s current stakeholders.…
Three points you will get to know in this article: Adverse weather conditions caused by cyclone Michaung have temporarily halted the production of Apple iPhones at the manufacturing plants near Chennai, operated by Taiwan’s Foxconn and Pegatron. This delay, resulting from heavy rainfall, has affected the city’s crucial electronics and manufacturing hub. The downpour has led to submerged cars and…
Three points you will get to know in this article: Zomato, the prominent player in the food tech industry, experienced an upward momentum in its stock value during the initial trading hours this Friday, December 8th. This positive movement was fuelled by a significant block deal. In this noteworthy transaction, approximately 1.06% ownership of the company, equivalent to 9.35 crore…
Three points you will get to know in this article: Corning Inc., the renowned US-based Gorilla Glass manufacturer and key Apple supplier, is set to make a significant investment of INR 1,000 Crores in establishing a cutting-edge manufacturing facility in Tamil Nadu. This strategic move is anticipated to serve as the company’s official debut in the Indian market. As reported…
Three points you will get to know in this article: Despite the Indian stock markets reaching record highs this week, modern tech stocks faced a mixed scenario, experiencing mostly constrained movements. Notably, a selling trend emerged across various counters. Among the 19 new-age tech stocks covered by Inc42, eleven witnessed declines ranging from 0.2% to a substantial 25% this week.…
Three points you will get to know in this article: BYJU’S, the embattled edtech startup, has encountered a temporary delay in issuing the November salaries to approximately 1,000 team members due to an unforeseen technical hiccup. Promise of Salary Disbursement by Monday The company, currently facing challenges, follows a salary cycle that resets at the commencement of each month. Despite…
Three points you will get to know in this article: In the exhilarating month of November, registrations for electric two-wheelers maintained their stride, experiencing a notable 14% month-on-month surge. This propelled them beyond the impressive milestone of 85,000 units, fueled by robust demand for leading electric vehicle (EV) manufacturers amid the festive season festivities. According to the latest insights from…
Three points you will get to know in this article: PhonePe, the digital payments unicorn, is poised to launch consumer lending services on its platform by January of the upcoming year. In a strategic move into the consumer lending arena, PhonePe, backed by Walmart, is set to commence operations initially as a facilitator for personal loans. According to a report…
Overview: What is CRM and Why Do You Need It? Customer Relationship Management, or CRM, is the digital hub that organizes, manages, and nurtures your interactions with customers. It’s like having a personal assistant dedicated to understanding your customers and their needs. But why do you need it? Well, imagine juggling multiple conversations, tracking countless emails, and keeping tabs on…
