Author: Neelam Kansarali

E-commerce ventures by FSN With a market cap of $46,655.62 billion, Nykaa Ltd. is a large-cap business that operates in the consumer discretionary industry. In the personal care, cosmetics, skincare, haircare, bath and body, fragrance, grooming appliances, and health & wellness categories, Nykaa offers a hand-selected, wide range of items from more than 2400 brands. The 5:1 bonus share record date has been moved from November 3, 2022, to November 11, 2022, by the company’s Board of Directors. Nykaa, a start-up in the beauty and design industries, has changed the record date for bonus shares to November 11. The company…

The company that runs the online marketplace, Flipkart Internet Pvt. Ltd., saw a 31% increase in income from the previous year to Rs 10,659 crore for the fiscal year 2022. The Walmart-owned company’s net loss did, however, increase by 51% to Rs 4,362 crore during the fiscal year as a result of growing marketing, legal, and transportation costs. According to statistics received by business intelligence platform Tofler, Flipkart’s operating revenue increased to Rs 10,477 crore in the financial year 2022 from Rs 7,804 crore in the financial year 2022. Comparatively, Amazon India, a major competitor of Flipkart, reported a 32.5%…

Apple offered just enough positive news in its quarterly sales report to avoid the fate of other tech titans this earnings season when valuations have plummeted by hundreds of billions of dollars. Apple’s revenue and profit both surpassed experts’ projections in the most recent quarter, despite lower-than-expected sales of the iPhone and services. The company predicts that growth will be slower in the current period. Apple experienced a double-digit sales increase in India in the September quarter, although Android smartphones dominate the country’s smartphone market. In almost every regional sector, Apple set new revenue records for the quarter. During the…

On Monday, October 31, subscriptions for DCX Systems’ initial public offering (IPO) will be available. Analysts continue to be optimistic about the situation. The company would sell its shares up until Wednesday, November 2, in lots of 72 equity shares or multiples thereof, at a price per share in the range of Rs 197-207. A renowned manufacturer of electronic sub-systems and cable harnesses in India, DCX Systems Limited, is launching its initial public offering (IPO) of equity shares with a face value of Rs 2 each. The issue’s price per equity share range is Rs. 197 to Rs. 207. The…

Elon Musk became the new owner of Twitter Inc. on Thursday, dismissing top executives he had accused of deceiving him and offering little explanation of how he will carry out the ambitious goals he has set forth for the significant social media network. When the deal concluded, Twitter’s chief executive officer, Parag Agrawal, and its head of legal and policy, Vijaya Gadde, were there. They were reportedly led out of the company’s San Francisco offices. Elon Musk, the CEO of Tesla, has finally acquired Twitter after a protracted, confusing saga. As had been expected of him ever since the proposed…

Boat, a direct-to-consumer (D2C) audio and wearables business, has formally withdrawn its ambitions to go public after closing a $60 million (about Rs 500 crore) funding round through convertible preferred equity notes from Warburg Pincus and Malabar Investments. According to persons familiar with the details of the agreement, Boat has set a minimum valuation cap of around $1.2 billion as part of this fundraising. BoAt’s parent business, Imagine Marketing Limited, is raising Rs 500 crore from its current stakeholder, a Warburg Pincus affiliate, a top-tier global private equity fund, as well as from new investor Malabar Investments. According to the…

Hindustan Unilever (HUL), a subsidiary of Unilever, claimed that the recall of aerosol dry shampoos in the US and Canada wouldn’t have any effect on Indian markets. HUL added that the recall by Unilever US and Canada was voluntary and that dry shampoos are neither made nor sold in India. Concerns about the products’ benzene content led Unilever to recall them. Unilever has claimed that Dove and other dry shampoo brands are contaminated with the carcinogenic chemical benzene. According to a formal notice published on the Food and Drug Administration website on Friday, the consumer goods company also included brands…

Think & Learn Pvt, the company that runs BYJU’s, the world’s most valuable ed-tech company, will borrow Rs 300 crore ($36.45 million) from its wholly owned subsidiary Aakash Educational Services for its “principal business activities.” BYJU’S also announced earlier this month that it will be letting go of 2,500 employees, or about 5% of its workforce, from its product, content, media, and technology teams. Edtech giant Byju’s, which was recently acquired for about $1 billion, has borrowed 300 crores from its subsidiary Aakash Educational Services. BYJU requires these funds for the primary business operations of the company, according to Aakash’s…

Elon Musk does not want to let off 75% of Twitter’s employees when he takes over the microblogging platform, the tech billionaire and soon-to-be CEO told employees on Wednesday. The billionaire is still likely to lay off employees as part of the buyout, prompting concern among employees because he has already spoken about reducing Twitter’s personnel. According to the article, Musk, whose $44 billion Twitter takeover is expected to conclude by Friday, rejected the previously reported estimate in an address to employees at the company’s San Francisco headquarters. Musk is seen in the video lugging the sink and claiming that…

The price of Shiba Inu, a cryptocurrency company, has fallen by -89%, since reaching an all-time high in October of last year. Only 22% of all Shiba Inu owners are currently making money, while 77%, or roughly 4 in 5, SHIB investors, are losing money, according to recent data from IntoTheBlock. Only 1% of Shiba Inu owners are currently in the black. During Tuesday’s trading session, Shiba Inu is up 3.65% to $0.00001037. Shares of various altcoins are rising in tandem with the apex cryptocurrency Bitcoin BTC/USD, the second-largest market cap cryptocurrency Ethereum ETH/USD, and US stocks. Investors are reacting…