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Goldman Sachs has acquired shares of Hindustan Aeronautics Limited (HAL) and Zomato worth ₹280.96 crore, purchasing 3.85 lakh shares of HAL and 60.07 lakh shares of Zomato. This follows the Indian government's contracts with HAL for 156 Light Combat Helicopters valued at ₹62,700 crore.Meanwhile, Bank of America downgraded Zomato and Swiggy due to concerns over slowing growth and rising competition in the food delivery sector, reducing Zomato's target price from ₹300 to ₹250. Despite these challenges, analysts remain optimistic about Zomato's medium-term prospects compared to Swiggy.
In January, Saudi Arabia's total merchandise exports reached SR97.18 billion, a 2.4% year-on-year increase, with non-oil exports rising to SR26.48 billion, reflecting a 10.7% growth. China was the top destination for exports, receiving SR14.74 billion, while imports rose 8.3% to SR72.62 billion, primarily from China. The Kingdom's non-oil sector continues to expand, contributing significantly to economic diversification efforts under Vision 2030.
BharatPe has successfully transformed its financial standing, moving from a staggering loss of INR 5,000 crore to achieving break-even by 2025. This turnaround highlights the company's strategic adjustments and operational efficiencies that have propelled its growth in the competitive fintech landscape.
Rebel Foods is planning an IPO in 2026 as it expands its operations, currently managing 350 kitchens across 70 cities in India and 27 international locations. The company, known for brands like Faasos and Oven Story Pizza, has reduced its net loss by 42% while increasing revenue by 19% in FY24. Recently, it launched QuickiES, a 15-minute food delivery service, and emphasizes technology for maintaining food quality.
Mumbai-based fruit and vegetable delivery startup Pluckk has raised $10 million in its Series A funding round from Euro Gulf Investment. The funds will be used for growth initiatives and to repay inter-corporate deposits. Founded in 2021, Pluckk offers over 400 products and operates in major Indian cities through its app and platforms like Amazon, Swiggy, and Zepto.
The Karnataka government has selected 101 startups for its Elevate initiative, providing a total of Rs 25 crore in seed funding. This move aims to bolster innovation and support the startup ecosystem in the region.
KP Green Engineering has successfully secured orders totaling Rs. 756.40 crore. This significant achievement highlights the company's growing presence and capabilities in the engineering sector, positioning it for further growth and development in the industry.
Goldman Sachs (Singapore) Pte has acquired shares worth Rs 281 crore in Hindustan Aeronautics Ltd (HAL) and Zomato through block deals on March 28. The firm purchased 385,774 shares of HAL at Rs 4,176.25 each, while also buying 6,007,412 shares of Zomato at Rs 199.50, both from Kadensa Master Fund. Despite a 57.24% drop in Zomato's net profit for Q3 FY25, its revenue surged 64% to Rs 5,405 crore.
An Indian appeals court has ruled that Google's app store billing policy is anti-competitive, affirming findings from the Competition Commission of India. While the initial fine of 9.4 billion rupees was reduced to 2.2 billion rupees, the court upheld that Google abused its market dominance. This ruling adds to Google's ongoing global antitrust issues, including a significant fine from the European Union.
Pluckk is set to raise INR 85 crore to enhance its operations in selling fresh fruits and vegetables. This funding aims to bolster the company's growth in the competitive market of fresh produce. The initiative reflects a growing trend in the agricultural sector towards direct-to-consumer sales.
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Goldman Sachs invests 281 crore in HAL and Zomato stocks
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13:48 30.03.2025
BharatPe's Journey from Major Losses to Financial Break-Even
08:26 30.03.2025
Rebel Foods plans IPO in 2026 amid rapid expansion and revenue growth
07:20 30.03.2025
Pluckk secures 10 million dollars in series A funding for growth initiatives
04:00 30.03.2025
Karnataka government selects 101 startups for seed funding of 25 crore
01:24 30.03.2025
KP Green Engineering wins contracts worth 756.40 crore rupees
13:21 29.03.2025
goldman sachs invests in hal and zomato with significant share purchases
12:37 29.03.2025
Indian court rules against Google's app store billing policy as anti-competitive
08:00 29.03.2025
Pluckk plans to raise 85 crore for fresh produce expansion
23:08 28.03.2025
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