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PlayBlue raises $2.7 million in seed funding to expand omnichannel sports retail business
Sports retail startup PlayBlue has secured $2.7 million in seed funding to launch its omnichannel platform and first flagship stores in Bengaluru, Mumbai, and Delhi NCR. Co-founded by industry veterans, the company aims to capture India's growing sports participation by offering a wide range of brands. PlayBlue plans to expand significantly, targeting substantial revenue and a large user community within five years.
Ujjivan SFB deposits rise 25%, loan book grows 29%; GNPA improves
Ujjivan Small Finance Bank reported healthy business growth for the June quarter, driven by strong momentum in deposits and lending, while asset quality improved further.
Karnataka: Cabinet decides to oppose Tata Power’s entry into distribution biz
Karnataka government has instructed electricity supply companies to object to Tata Power's entry into the state's power distribution business. Chief Minister DK Shivakumar stated the government opposes private sector involvement in distribution, blaming the previous BJP regime for policy changes. Tata Power has applied for five licences, excluding Bengaluru, and Escoms will inform the regulator of the government's non-concurrence.
Sweltering heat sets summer-goods sales on fire; consumer brands hitch qcomm ride to big business
India's scorching summer has fueled a surge in consumer goods sales, with quick-commerce platforms becoming the star performers. Ice creams, cold drinks and skincare products saw massive year-on-year growth as shoppers embraced instant delivery for seasonal needs.
Stocks to buy: Nagaraj Shetti recommends IFCI, Five-Star Business Finance shares to buy in the short-term - livemint.com
Stocks to buy: Nagaraj Shetti recommends IFCI, Five-Star Business Finance shares to buy in the short-termlivemint.com
India's private credit market doubles to $25 billion AUM in five years: Report
India's private credit market is booming, nearly doubling to $25 billion in assets under management over five years, fueled by strong business demand. The Insolvency and Bankruptcy Code has boosted lender confidence, enabling financing for stressed firms. Real estate and infrastructure sectors are key beneficiaries. While global investors are increasing their participation, potential liquidity risks loom, as highlighted by past crises. Despite challenges, significant growth is anticipated.
Hero MotoCorp to invest Rs 3,200 cr in 3-5 years in Andhra Pradesh on capacity expansion, new global parts centre
Hero MotoCorp is set to invest Rs 3,200 crore in Andhra Pradesh over the next three to five years, significantly expanding its operations. This includes a new global parts centre at Tirupati, costing Rs 750 crore, and a substantial increase in production capacity at its existing facility. The move aims to bolster the company's global supply chain and enhance its accessories business, transforming Tirupati into a key manufacturing hub.
BSE 500 stocks: Adani Ports, Marico, Ather, Piramal Finance hit new highs
Adani Enterprises, Aurobindo Pharma, GMR Airports, Gujarat Flurochemicals, Oracle Financial Services and Star Health Insurance from BSE 500 stocks registered 52-week highs on Wednesday.
Omaxe soars 20% on launch of dedicated hospitality arm, to invest ₹6200-cr
Omaxe Ltd has announced that the dedicated hospitality business vertical will develop 19 hotels spread over nearly 5 million sq. ft. across five states in the next 4-5 years.
Raymond’s aerospace vertical growth outpaces precision engineering business
Driven by global supply-chain diversification, JK Maini Global Aerospace is clocking a 25% expansion rate and has locked in a ₹2,350-crore order pipeline over the next five years.
Female entrepreneurs to drive deeper digital finance adoption says DBS Bank study, finds 84% already use payment tools
Digital tools are becoming "increasingly integral to business management" for female entrepreneurs in India, supporting everything from payments and credit to payroll and future planning, according to DBS Bank India's latest Women and Finance study. The report saID sustaining this momentum will require "going beyond traditional banking to create connected ecosystems that help entrepreneurs at every stage of their business journey."
Female entrepreneurs to drive deeper digital finance adoption says DBS Bank study, finds 84% already use payment tools
Digital tools are becoming "increasingly integral to business management" for female entrepreneurs in India, supporting everything from payments and credit to payroll and future planning, according to DBS Bank India's latest Women and Finance study. The report saID sustaining this momentum will require "going beyond traditional banking to create connected ecosystems that help entrepreneurs at every stage of their business journey."