Clarissa Group Launches First 5-Star Property: Clarissa Resort & Spa Mukteshwar
Clarissa Group has announced the opening of Clarissa Resort & Spa Mukteshwar in Nainital, their first 5-star property and the first of its kind in the town. Combining luxury with 180-degree Himalayan views, it features Swedish saunas, Jacuzzis, electric fireplaces, fine dining, and event spaces, making it an ideal destination for leisure and events.
Zomato CEO Deepinder Goyal To Not Take Salary Till FY26
Zomato CEO Deepinder Goyal has announced that he will not be taking a salary until the end of the fiscal year 2026. This decision is aimed at reinvesting in the company and supporting its growth initiatives.
Ola Launches Electric Auto-Rickshaw Service in Delhi and Hyderabad
Ola, a leading mobility platform, has launched its electric auto-rickshaw service in Delhi and Hyderabad. This eco-friendly initiative aims to reduce carbon emissions and provide a cleaner, greener commuting option for city dwellers.
Exclusive Experiences Supercar Road Trips Redefining Adventure
Exclusive Experiences, founded by Paul, revolutionizes travel with curated supercar road trips across Europe, Australia, and Asia. Combining scenic routes and high-performance cars, these journeys offer thrill, beauty, and unique bonds among participants. With plans to expand globally and innovative solutions for supercar rentals, they’re redefining adventure travel.
Vaanee AI Secures Seed Capital to Revolutionize Voice Cloning Technology
Vaanee AI is a pioneering startup in generative AI and voice technology, dedicated to uniting global audiences through the art and science of speech. By empowering creators and businesses with cutting-edge voice cloning solutions, Vaanee AI fosters deeper emotional connections and transforms storytelling across industries.
Zinka Logistics Solution IPO: Subscription Status and Market Sentiments
The IPO of Zinka Logistics Solution Limited, which opened on November 13, 2024, and closes on November 18, 2024, has a price band of ₹259 to ₹273 per share. The offering, valued at ₹1,114.72 crore, has seen tepid interest, with overall subscription at 1.70 times by day 3. The grey market is trading the shares at par, indicating neutral sentiment. The stock’s performance may improve if market condi
Zomato's Stock Surges on Morgan Stanley's Bullish Outlook: A Bright Future Ahead
Zomato's stock surged 1.74% to INR 274.30 on November 18, following a bullish report from Morgan Stanley. The brokerage projected the stock could double in value within five years, citing Zomato’s growing share in India’s quick commerce market, strong performance in food delivery, and a solid financial position. Morgan Stanley raised its price target for Zomato to INR 355, up from INR 278, and ma
Ritesh Agarwal Boosts Stake in OYO with INR 550 Cr Infusion
OYO founder Ritesh Agarwal is raising his stake to 32% with a INR 550 Cr investment to finance the acquisition of US-based Motel 6 and Studio 6. He plans an additional $60 Mn share purchase at a 45% premium. OYO aims to boost EBITDA beyond INR 2,000 Cr in FY26 and has called an EGM on December 9 to seek investor approval for issuing 12.9 Cr equity shares. The acquisition marks OYO's major US expan
Shares of Go Digit General Insurance Dip Amid Broader Tech Stock Slump
Shares of Go Digit General Insurance fell 5.7% during intraday trading on November 18, reaching INR 313 apiece. This marks the fourth consecutive session of decline, reflecting broader losses in new-age tech stocks, which dropped between 0.08% and 17% last week. Despite this, Go Digit posted strong Q2 FY25 results with a 221% YoY rise in PAT to INR 89.47 Cr and a 14.2% increase in GWP to INR 2,368
HealthKart Raises $153 Mn, Announces INR 55 Cr ESOP Buyback
Healthtech startup HealthKart has raised $153 Mn in a funding round co-led by ChrysCapital and Motilal Oswal Alternates, with an INR 55 Cr ESOP buyback for employees. Known for brands like MuscleBlaze and HK Vitals, HealthKart aims to strengthen its offerings and expand globally. The startup reported strong financial growth, achieving EBITDA profitability in FY24 with revenues surpassing INR 1,000
FirstCry Parent BrainBees Ltd Faces Legal Hurdle, Shares Rally Despite Penalty
FirstCry’s parent company, BrainBees Ltd, has been fined INR 50,000 by the Legal Metrology Department, Varanasi, for violating provisions of the Legal Metrology Act, 2009. Despite this, the company’s shares rallied 5.95% to INR 550 on November 18, with a market capitalization of $3.37 Bn. Earlier this month, it paid INR 1.74 Cr for GST mismatches across multiple financial years. However, the compa