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News on Medial
Fratelli Vineyards to debut on exchanges, aims to become ₹650-cr biz by 2028
Livemint
·
1y ago
Medial
India's second-largest wine brand, Fratelli Vineyards, is preparing to make its debut on the stock exchanges. The company, aiming to become a ₹650-crore enterprise by 2028, recently underwent a share-swap transaction with a listed sister firm. Fratelli Vineyards has seen steady growth in revenue over the past few years, with a focus on the luxury, super-premium, and premium segments. The company plans to expand its production capacity and tap into emerging wine-drinking markets in India. Fratelli Vineyards believes that listing on the stock exchanges will help with brand building and raising capital for future growth.
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Jio Financial Q3 Results LIVE: Reliance's NBFC to announce results today
Livemint
·
1y ago
Medial
Jio Financial Services, a non-banking financial institution of Reliance Industries, is set to announce its quarterly results for the first nine months of the fiscal year. In the previous quarter, JFS witnessed a significant increase in profit, totaling ₹668 crore, attributable to interest and dividend income. Having become an independent entity from Reliance Industries in 2023, JFS made its debut on stock exchanges in August that year.
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Zomato's B2B Biz: Hyperpure Q3 Revenue Close To INR 1,000 Cr
Inc42
·
1y ago
Medial
Zomato's B2B restaurant supplies business, Hyperpure, has seen over 2X YoY growth in revenue, reaching INR 859 Cr in Q3 FY24. To further expand Hyperpure, Zomato plans to set up a processing plant for value-added food supplies, including sauces, spreads, and semi-finished perishable products. With the potential to become as big as or even larger than its food delivery business, Hyperpure aims to bring more restaurants into its revenue fold and maximize earnings from restaurant partners as its active partner base continues to grow.
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India to be third largest economy by 2028: Morgan Stanley
YourStory
·
4m ago
Medial
India is projected to become the third-largest global economy by 2028, according to Morgan Stanley. With a robust consumer market and macro stability, India's economy is expected to grow from $3.5 trillion in 2023 to $5.7 trillion by 2028. The country's share in world GDP could rise to 4.5% by 2029. Growth scenarios project the economy reaching between $6.6 trillion and $10.3 trillion by 2035, driven by domestic demand, policy support, and infrastructure improvements.
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Elon Musk to become world’s first trillionaire by 2027, THIS Indian billionaire to follow suit | Mint
Livemint
·
11m ago
Medial
According to a report from Informa Connect Academy, Tesla founder Elon Musk is predicted to become the world's first trillionaire by 2027. Musk, currently the world's richest person, has a net worth of $237 billion. The report also suggests that Gautam Adani, an Indian business tycoon, could become the second trillionaire in 2028, followed by Nvidia's Jensen Huang and Indonesian businessman Prajogo Pangestu. Bernard Arnault, the CEO of LVMH, is projected to become a trillionaire by 2030.
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Ola CEO Bhavish's listing day gains highest as compared to other startup founders
Internet
·
12m ago
Medial
Ola Electric CEO Bhavish Aggarwal's net worth rose by ₹2,010 crore after the company's shares listed on the stock exchanges on Friday. Compared to his peers, Bhavish added the most to his wealth on listing day. Falguni Nayar became richer by ₹1,879 crore through her family trust after Nykaa's market debut, while Deepinder Goyal gained ₹1,847 crore after Zomato's IPO.
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Aerospace startup Sarla Aviation raises $10 Mn led by Accel
Entrackr
·
6m ago
Medial
Sarla Aviation, an aerospace startup developing electric aircraft for flying taxis, has secured $10 million in funding, led by Accel. Angel investors, including Flipkart co-founder Binny Bansal, Zerodha co-founder Nikhil Kamath, and Swiggy’s Sriharsha Majety, also participated in the round. Sarla Aviation intends to utilize the funds to establish a research and development center in Bengaluru. The company also plans to launch its flying taxis by 2028. Founded in 2024 by Adrian Schmidt, Rakesh Gaonkar, and Shivam Chauhan, the company is preparing to debut its first prototype, named Shunya, on January 17 at the Bharat Mobility Global Expo in New Delhi. The aircraft is built to carry up to 680 kilograms and accommodate six passengers, in addition to the pilot. Last year, Sarla Aviation partnered with Bengaluru International Airport to prepare for the rollout of its flying taxi service. The development follows Accel's launch of a $650 million eighth fund to support early-stage startups in India and Southeast Asia, focusing on enterprise AI, consumer services, fintech, and manufacturing.
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Anil Ambani’s global aerospace ambition, a ₹10,000-cr bet, and homemade Falcons
Livemint
·
28d ago
Medial
Anil Ambani’s Reliance Defence plans to invest ₹10,000 crore in its aerospace venture and aims to launch India’s first locally made commercial aircraft by 2028. The investment will be partially funded through capital raised by Reliance Infrastructure Ltd via preferential shares, institutional buys, and foreign currency bonds totaling ₹17,600 crore. Reliance Defence already assembles components for Dassault Aviation's aircraft in India, marking its strategic positioning in the global aerospace industry.
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Pocket FM to invest $40 million to build online novel platform
Thehindubusinessline
·
1y ago
Medial
Pocket FM, an audio streaming platform, has launched Pocket Novel and plans to invest $40 million to become India's largest online reading platform. The company aims to have one million writers and a library of two million novels by 2025. Pocket FM plans to generate $100 million in annual revenue worldwide by that time. The online novel reading market in India is currently untapped and is projected to exceed $6.5 billion globally by 2028, making it a lucrative opportunity for the company.
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With 5x the investment, India will be among top semicon producers by 2028: IT minister Ashwini Vaishnaw
Economic Times
·
1y ago
Medial
India aims to become one of the top five semiconductor manufacturing nations by 2028, with investments expected to reach 7.5 lakh crore. The government plans to focus on executing India's first semiconductor fab project, led by the Tata group, along with two other chip assembly proposals. By developing a complete value chain, including design, fabrication, assembly, testing, and packaging, India aims to attract companies to establish their presence in the country. The semiconductor industry will provide strategic advantages and geopolitical value, positioning India amongst the top semiconductor leaders such as Taiwan, South Korea, the US, and China.
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Aerospace startup Sarla Aviation raises $10 million to build electric flying taxis
Economic Times
·
6m ago
Medial
Sarla Aviation, an aerospace startup, has secured $10 million in funding led by Accel to develop electric flying taxis. Notable angel investors like Binny Bansal and Nikhil Kamath participated. The funds will advance prototype development, establish R&D facilities, and expand the team. Aiming for a 2028 market launch, Sarla plans to tackle urban congestion and pollution. The first prototype, Shunya, will debut in January 2025 at a New Delhi expo.
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