What’s good for Elon Musk is not necessarily good for investors in Tesla stock. That’s the market capitalisation (Rs 1 lakh crore) of Nykaa upon listing. That has made 58-year-old ex-banker Falguni Nayar India’s richest self-made female billionaire “The one who will define the fortunes of the country,” said a teary-eyed Vijay Shekhar Sharma while explaining the phrase Bharat Bhagya Vidhata to his foreign shareholders Bhavish Aggarwal appears in a spot of bother as the downers continue in the rollout of Ola Electric’s first scooters, the Ola S1 and S1 Pro. The latest bummer: the second purchase window will open late December, instead of November 1
With significant user traction and investor interest, the cloud kitchen business is entering the inevitable phase of disruption, but with no clear winners yet. Despite emerging competition from Eastern Europe, Latin America and the rest of the Asia-Pacific region, India is still the go-to destination for IT outsourcing. Continuous skilling in niche areas can help keep the crown shiny. The nascent satellite communications industry could propel the next big revolution in the telecom space. Where does India stand?
Sounds contrary, you say? Try ‘em nifty gadgets, we say, and you might just sweat in the chill.
Indian retail investors have never been so bullish on stocks. They come to the market in hordes, and try every trick and avenue—from penny stocks to algos—to make a quick buck. But even with the euphoria, it is a good time to exercise caution
India’s commitment to increasing its non-fossil energy capacity ties in perfectly with the ambitions of the country’s two richest men—Mukesh Ambani and Gautam Adani—both of whom are now putting in place mega plans in the renewables space