🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

DroneAcharya announces strategic merger with AVPL

EntrackrEntrackr · 11m ago
DroneAcharya announces strategic merger with AVPL
Medial

DroneAcharya announces strategic merger with AVPL BSE-listed company DroneAcharya Aerial Innovations has signed a term sheet with AVPL International to establish a joint venture aimed at enhancing drone manufacturing capabilities in India. DroneAcharya has also approved the adoption of an Employee Stock Option Plan (ESOP) to boost employee engagement and align their interests with organizational goals. This collaboration aims to leverage the expertise of both parties to develop advanced drones for various applications, including agriculture, surveillance, and logistics. According to sources, the two companies have proposed the name 'AVPL DroneAcharya' for the merged entity. AVPL, owned by AITMC Ventures Ltd, operates in 12 states with 50 Global Incubation and Skill Hubs (GISH) and 20 World Incubation and Skill Hubs (WISH) focused on drones and agriculture. The company offers drone training, drone as a service (DaaS), drone manufacturing, and agri-input retail outlets across India. AITMC Ventures recorded 95.2% growth in operating revenue during FY24 to Rs 41.87 crore, while its profits surged 82.6% to Rs 8.84 crore during the same period. DroneAcharya made its entry into the public market in December 2022 via BSE SME. It got listed at a 90% premium followed by the upper circuit on the same day. As of January 23, 2025, the share price of the company is at Rs 110.15 a piece.

Meesho’s shares hit 20% upper circuit after UBS initiates ‘Buy’ call

EntrackrEntrackr · 11d ago
Meesho’s shares hit 20% upper circuit after UBS initiates ‘Buy’ call
Medial

Shares of social commerce firm Meesho hit the 20% upper circuit in early trade on Tuesday after global brokerage UBS initiated coverage on the stock with a Buy rating, triggering strong buying interest. The stock was locked at its upper circuit band during intraday trade, with limited sell-side participation, reflecting heightened investor optimism following the brokerage’s note. According to market data, Meesho’s shares surged to around Rs 216 on the NSE, marking one of its sharpest single-day gains since listing. In its initiation note, UBS highlighted Meesho’s differentiated business model and improving execution, particularly its focus on value-conscious consumers in Tier II and Tier III markets. The brokerage also pointed to the company’s zero-commission marketplace approach and a tightening cost structure as key positives supporting its investment thesis. Last week, Meesho made a strong debut in the public markets, listing at a hefty premium and closing one of the largest tech IPOs of 2025. The Bengaluru-based firm opened at Rs 162.5 per share on the NSE, a 46% jump over its issue price of Rs 111. During the last fiscal year, the company posted revenue of Rs 9,390 crore, while its losses before exceptional items and tax stood at Rs 108 crore. In the first half of the ongoing fiscal year (H1 FY26), it reported revenue of Rs 5,577 crore. Over the past few quarters, Meesho has focused on improving operational efficiency by rationalising marketing spends, optimising logistics costs, and strengthening its supplier ecosystem. The company has also doubled down on categories such as fashion and home essentials, which continue to see steady demand from price-sensitive users. As of writing this story, Meesho’s shares remained locked at the upper circuit, with investors closely watching whether the momentum extends into the next trading sessions.

Droneacharya shares plunge 20% after SEBI’s two-year ban on promoters

EntrackrEntrackr · 27d ago
Droneacharya shares plunge 20% after SEBI’s two-year ban on promoters
Medial

Shares of Droneacharya Aerial Innovations tanked nearly 20% on Monday, hitting the lower circuit on the BSE SME platform, a day after SEBI barred the company and its promoters from accessing the securities market for two years. The stock fell to Rs 45.38 as investors reacted sharply to the regulator’s findings. Droneacharya had made its market debut in December 2022, listing at around Rs 102, nearly 90% above its issue price of Rs 54. The sell-off followed SEBI’s detailed order, which uncovered multiple violations by the Pune-based drone startup. The regulator said Droneacharya diverted IPO proceeds, inflated revenues, issued misleading corporate announcements, and carried out undisclosed related-party transactions. In its order, SEBI said the promoters had “knowingly misrepresented” the company’s financials and disclosures, creating a false impression of growth and business activity. The regulator added that the scale and nature of these violations warranted a two-year ban on both the company and its promoters to protect investor interest and uphold market integrity. SEBI also imposed a total penalty of Rs 75 lakh on the company. With the regulator calling out serious lapses in disclosures and financial reporting, the market reaction was immediate. The 20% crash reflects shaken investor confidence and signals how quickly sentiment can reverse when compliance failures come to light.

Download the medial app to read full posts, comements and news.