Supermarket Grocery Supplies Private Limited’s Profitability Boost
Supermarket Grocery Supplies Private Limited, the B2B part of BigBasket owned by the Tata Group, has experienced significant improvements in its financial position. The company lost ₹1,415.2 crore in FY24 compared to ₹1,785.4 crore in FY23, a 20.7% YoY decrease. Its revenue surpassed the ₹10,000 crore mark, up 6% from ₹9,468 crore to ₹10,061 crore in the previous year.
This improvement exemplifies BigBasket’s strong cost-cutting strategies while preserving growth. As it competes with industry heavyweights like Zepto, Swiggy, Instamart, and Blinkit, BigBasket’s consumer-facing operations could be impacted by the performance of the B2B sector, potentially enhancing profitability in the fast-commerce market.
Ola Electric’s Shareholder Lock-in Ends
The one-month shareholder lock-in period for Ola Electric Mobility, one of the top producers of electric vehicles in India, has ended. This indicates that 18.18 crore shares, or 4% of the company’s total stock, are now tradeable. This change may have a significant effect on the company’s future course, even though the market is closely monitoring the stock’s performance.
The market for Ola Electric’s shares may become more liquid after the lock-in ends, which could have an impact on short-term price volatility. Long term, meanwhile, this might point to a rise in investor confidence in the company’s standing as the industry leader in India’s EV space.
LG Electronics India Prepares for a $1.5 Billion IPO
Large-scale IPO of its Indian division is being planned by South Korean electronics behemoth LG, which may raise as much as $1.5 billion. Prominent financial institutions including Morgan Stanley, JPMorgan, Citigroup, and Bank of America have been appointed by the firm to spearhead the listing, which is scheduled for 2025.
LG has long enjoyed a strong presence in the consumer electronics industry in India, and the IPO would be a momentous occasion for the company’s activities there. LG India can strengthen its capital base and possibly increase its market share in the fiercely competitive Indian market by going public. LG may be able to compete with companies like Samsung, Sony, and Xiaomi thanks to the IPO, given the rising middle class and the expanding need for smart appliances.
Max Healthcare Acquires Jaypee Healthcare
Max Healthcare plans to purchase a 64% share in Jaypee Healthcare (JHL) for an enterprise value of ₹1,660 crore as a calculated strategic move. The transaction, which includes a buyout option for the remaining 36%, is a component of Max Healthcare’s larger growth plan because JHL is presently going through the Corporate Insolvency Resolution Process (CIRP).
Through this acquisition, Max Healthcare will be able to further solidify its position as the leading player in the Indian healthcare industry and expand its presence in Northern India. By incorporating Jaypee Healthcare’s resources into its own business processes, Max Healthcare can improve the services it provides and possibly create operational efficiencies. India’s healthcare market is expanding quickly, and Max can establish itself as a leader in high-quality healthcare provision by making smart acquisitions to give it an advantage over rivals.
Diageo India’s Growth in UB Tower
Based in Bengaluru’s Vittal Mallya Road, Diageo India is a subsidiary of UK-based Diageo plc and operates out of the famous UB Tower. Following its acquisition of United Spirits, the largest liquor firm in India based on revenue, Diageo has adopted a proactive strategy to increase its market share. The Asia-Pacific area now accounts for 19% of the multinational’s $27 billion in yearly revenue, with India playing a minor but crucial role in this growth.
Ford’s Re-entry into India
Following its 2021 withdrawal from India owing to persistent losses and a small market share, Ford is returning with the reopening of its Tamil Nadu production facility. This time, though, the business is concentrating on exporting to international markets and intends to investigate the production of electric vehicles (EVs). Ford has already given the Tamil Nadu government a letter of intent, indicating that it is committed to extending its collaboration with the state for another three decades.
