The Morning Vine: Your Daily Shot of News ๐ฐ
We are diversifying beyond just tech news today, let's do this! ๐๐ผ
๐. ๐๐จ๐๐ข'๐ฌ ๐๐ก๐ข๐ซ๐-๐๐๐ซ๐ฆ ๐๐๐๐ข๐ง๐๐ญ: ๐๐ญโ๐ฌ ๐ ๐ฆ๐๐ซ๐๐ญ๐ก๐จ๐ง, ๐ง๐จ๐ญ ๐ ๐ฌ๐ฉ๐ซ๐ข๐ง๐ญ?
In Narendra Modi's third term as Prime Minister, continuity emerges as the defining theme. The cabinet composition reflects a blend of veteran leadership, new heavyweights, and strategic ally appointments.
Old guard: Rajnath Singh: Defence; Amit Shah: Home; Nirmala Sitharaman: Finance and Corporate Affairs; Nitin Gadkari: Road, Transport; S Jaishankar: External Affairs; Bhupender Yadav: Environment, Forests, and Climate Change; Ashwini Vaishnaw: Railways, I&B, and IT; Piyush Goyal: Commerce and Industry.ย
New heavyweights: JP Nadda: Health and Chemicals & Fertilisers; Shivraj Singh Chouhan: Agriculture and Rural Development; Manohar Lal Khattar: Housing, Urban Affairs and Power; CR Patil: Water.
Ally power: HD Kumaraswamy: Heavy Industries and Steel; Chirag Paswan: Food Processing; Jitan Ram Manjhi: MSME; Rajiv Ranjan (Lallan) Singh: Panchayati Raj; K Rammohan Naidu: Civil Aviation.ย
This continuity aligns with Modi's pre-election strategy of tasking ministries with 100-day plans and five-year proposals, as well as reviewing the Viksit Bharat 2047 roadmap โ keeping the same leaders at the helm ensures seamless execution and avoids time lost in transitions.
๐ ๐๐ค๐ง ๐๐๐ค๐ช๐๐๐ฉ: ๐๐ค๐๐'๐จ ๐ฉ๐๐๐ง๐-๐ฉ๐๐ง๐ข ๐๐๐๐๐ฃ๐๐ฉ ๐๐๐ฃ ๐ฅ๐ค๐ฉ๐๐ฃ๐ฉ๐๐๐ก๐ก๐ฎ ๐๐ ๐ ๐จ๐ฉ๐ช๐๐ฎ ๐๐ฃ ๐ฉ๐๐ ๐ฅ๐ค๐ฌ๐๐ง ๐ค๐ ๐๐ค๐ฃ๐ฉ๐๐ฃ๐ช๐๐ฉ๐ฎ. ๐ฝ๐ฎ ๐ ๐๐๐ฅ๐๐ฃ๐ ๐ฉ๐๐ ๐ค๐ก๐ ๐๐ช๐๐ง๐ ๐๐ฃ ๐ฅ๐ก๐๐๐ ๐๐ฃ๐ ๐๐ก๐๐ซ๐๐ฉ๐๐ฃ๐ ๐๐ก๐ก๐๐๐จ ๐ฉ๐ค ๐ ๐๐ฎ ๐ง๐ค๐ก๐๐จ, ๐๐ค๐๐ ๐๐จ ๐จ๐๐๐ฃ๐๐ก๐๐ฃ๐ ๐ฉ๐๐๐ฉ ๐๐๐จ ๐ซ๐๐จ๐๐ค๐ฃ ๐๐ค๐ง ๐๐ฃ๐๐๐ ๐๐จ๐ฃ'๐ฉ ๐ ๐จ๐๐ค๐ง๐ฉ-๐ฉ๐๐ง๐ข ๐จ๐ฅ๐ง๐๐ฃ๐ฉ, ๐๐ช๐ฉ ๐ ๐ก๐ค๐ฃ๐-๐ฉ๐๐ง๐ข ๐๐๐ก๐๐ช๐ก๐๐ฉ๐๐ ๐ข๐ค๐ซ๐ ๐ฉ๐๐๐ฉ ๐ฅ๐ง๐๐ค๐ง๐๐ฉ๐๐ฏ๐๐จ ๐จ๐ฉ๐๐๐๐ก๐๐ฉ๐ฎ ๐๐ฃ๐ ๐๐ญ๐๐๐ช๐ฉ๐๐ค๐ฃ ๐ค๐ซ๐๐ง ๐๐ก๐๐จ๐๐ฎ ๐ฃ๐๐ฌ ๐๐๐๐๐จ. ๐ฝ๐ช๐ฉ ๐๐จ ๐๐ฃ๐๐๐ ๐ฃ๐๐ซ๐๐๐๐ฉ๐๐จ ๐ ๐๐ค๐ข๐ฅ๐ก๐๐ญ ๐๐๐ค๐ฅ๐ค๐ก๐๐ฉ๐๐๐๐ก ๐ก๐๐ฃ๐๐จ๐๐๐ฅ๐ ๐๐ฃ๐ ๐๐๐๐๐จ ๐ฅ๐ง๐๐จ๐จ๐๐ฃ๐ ๐๐ค๐ข๐๐จ๐ฉ๐๐ ๐๐๐๐ก๐ก๐๐ฃ๐๐๐จ, ๐ฉ๐๐ ๐ฆ๐ช๐๐จ๐ฉ๐๐ค๐ฃ ๐ง๐๐ข๐๐๐ฃ๐จ: ๐ฌ๐๐ก๐ก ๐ฉ๐๐๐จ ๐๐ค๐ฃ๐ฉ๐๐ฃ๐ช๐๐ฉ๐ฎ ๐๐ง๐๐๐ ๐๐ค๐ข๐ฅ๐ก๐๐๐๐ฃ๐๐ฎ ๐ค๐ง ๐๐๐ฉ๐๐ก๐ฎ๐ฏ๐ ๐ฉ๐ง๐๐ฃ๐จ๐๐ค๐ง๐ข๐๐ฉ๐๐ซ๐ ๐๐๐๐ฃ๐๐? ๐๐๐ ๐ง๐๐๐ก ๐ฉ๐๐จ๐ฉ ๐ค๐ ๐ฉ๐๐๐จ ๐จ๐ฉ๐ง๐๐ฉ๐๐๐ฎ ๐ฌ๐๐ก๐ก ๐๐ ๐๐ฃ ๐ฉ๐๐ ๐ง๐๐จ๐ช๐ก๐ฉ๐จ ๐๐ฉ ๐๐๐ก๐๐ซ๐๐ง๐จ, ๐ฃ๐ค๐ฉ ๐๐ช๐จ๐ฉ ๐ฉ๐๐ ๐ง๐๐๐ฉ๐ค๐ง๐๐ ๐๐ฉ ๐๐ข๐ฅ๐ก๐ค๐ฎ๐จ. ๐ฎ๐ณ
Source: The Signal (Theyโre a GREAT newsletter, highly recommend!) - https://tinyurl.com/mcu2hky7
๐. ๐๐ฅ๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐๐ญ๐ฌ ๐๐๐๐ ๐๐จ๐ ๐ ๐จ๐ซ ๐๐๐ ๐,๐๐๐+ ๐๐ซ ๐๐๐
Ola Electric has received approval from SEBI for its over $700 million IPO. This will be the first IPO by an EV maker in India and the first by any automaker in 20 years. The IPO will comprise a fresh issue of $700 million and an offer for sale of up to 9.51 crore shares by existing investors like SoftBank, Temasek, Matrix and Tiger Global.
Key takeaways from Ola Electricโs DRHP Filings:
- Ambitious Growth Plans: Ola Electric aims to become India's first pure-play EV maker to go public. It plans to use the โน5,500 crore IPO proceeds to scale up its Gigafactory, ramp up R&D, and expand its retail and charging network.
- Technological Capabilities: Ola is investing heavily in developing new EV products and core components like batteries and motors. It has dedicated 24% of its workforce to R&D across engineering, design, and cell development.
- Regulatory Challenges: Ola faces headwinds from dynamic EV subsidy policies, incidents of scooter fires, and legal disputes with customers. Navigating the evolving regulatory landscape is crucial for the company.
- Vertical Integration Strategy: Ola is emulating Tesla's model by building an end-to-end EV ecosystem, from manufacturing to distribution. This is supported by government initiatives like PLI schemes.
- Financial Performance: Ola has seen rapid sales growth, with Q1 FY24 revenue reaching nearly 50% of the previous fiscal year. However, high employee attrition remains a concern.
๐ ๐๐ค๐ง ๐๐๐ค๐ช๐๐๐ฉ: ๐๐ก๐ ๐๐ก๐๐๐ฉ๐ง๐๐'๐จ ๐๐๐ ๐๐ง๐๐๐ฃ ๐ก๐๐๐๐ฉ ๐๐จ ๐ ๐ฌ๐๐ฉ๐๐ง๐จ๐๐๐ ๐ข๐ค๐ข๐๐ฃ๐ฉ ๐๐ค๐ง ๐๐ฃ๐๐๐'๐จ ๐๐ ๐ก๐๐ฃ๐๐จ๐๐๐ฅ๐. ๐ผ๐จ ๐ฉ๐๐ ๐ฉ๐ค๐ง๐๐๐๐๐๐ง๐๐ง ๐๐ค๐ง ๐ฉ๐๐ ๐๐ฃ๐๐ช๐จ๐ฉ๐ง๐ฎ'๐จ ๐ฅ๐ช๐๐ก๐๐ ๐ข๐๐ง๐ ๐๐ฉ ๐๐๐๐ช๐ฉ, ๐๐ก๐ ๐๐๐ง๐ง๐๐๐จ ๐ฉ๐๐ ๐๐จ๐ฅ๐๐ง๐๐ฉ๐๐ค๐ฃ๐จ ๐๐ฃ๐ ๐๐ฅ๐ฅ๐ง๐๐๐๐ฃ๐จ๐๐ค๐ฃ๐จ ๐ค๐ ๐๐ฃ ๐๐ฃ๐ฉ๐๐ง๐ ๐จ๐๐๐ฉ๐ค๐ง. ๐๐ฉ๐จ ๐๐๐จ๐ก๐-๐๐จ๐ฆ๐ช๐ ๐ซ๐๐ง๐ฉ๐๐๐๐ก ๐๐ฃ๐ฉ๐๐๐ง๐๐ฉ๐๐ค๐ฃ ๐จ๐ฉ๐ง๐๐ฉ๐๐๐ฎ ๐๐จ ๐ ๐๐ค๐ก๐ ๐๐๐ข๐๐๐ฉ ๐ค๐ฃ ๐ฉ๐๐ ๐ข๐๐ง๐๐ฉ๐จ ๐ค๐ ๐๐ค๐ฃ๐ฉ๐ง๐ค๐ก๐ก๐๐ฃ๐ ๐ฉ๐๐ ๐๐ฃ๐ฉ๐๐ง๐ ๐ซ๐๐ก๐ช๐ ๐๐๐๐๐ฃ. ๐๐ค๐ฌ๐๐ซ๐๐ง, ๐๐จ ๐๐ฉ ๐ฃ๐๐ซ๐๐๐๐ฉ๐๐จ ๐ง๐๐๐ช๐ก๐๐ฉ๐ค๐ง๐ฎ ๐จ๐ฅ๐๐๐ ๐๐ช๐ข๐ฅ๐จ ๐๐ฃ๐ ๐๐๐ฃ๐๐ฃ๐๐๐๐ก ๐ฅ๐ค๐ฉ๐๐ค๐ก๐๐จ, ๐๐ก๐ ๐ข๐ช๐จ๐ฉ ๐๐๐ข๐ค๐ฃ๐จ๐ฉ๐ง๐๐ฉ๐ ๐ฉ๐๐๐ฉ ๐๐ฉ๐จ ๐ฉ๐๐๐๐ฃ๐ค๐ก๐ค๐๐๐๐๐ก ๐ฅ๐ง๐ค๐ฌ๐๐จ๐จ ๐๐ฃ๐ ๐ข๐๐ง๐ ๐๐ฉ ๐ก๐๐๐๐๐ง๐จ๐๐๐ฅ ๐๐๐ฃ ๐ฎ๐๐๐ก๐ ๐จ๐ช๐จ๐ฉ๐๐๐ฃ๐๐๐ก๐ ๐๐ง๐ค๐ฌ๐ฉ๐. ๐๐๐ ๐ง๐ค๐๐ ๐๐๐๐๐ ๐๐จ ๐๐ก๐๐๐ฉ๐ง๐๐๐ฎ๐๐ฃ๐, ๐๐ช๐ฉ ๐๐ฉ'๐จ ๐๐ก๐จ๐ค ๐ฅ๐๐ฅ๐ฅ๐๐ง๐๐ ๐ฌ๐๐ฉ๐ ๐จ๐๐๐ง๐ฅ ๐ฉ๐ช๐ง๐ฃ๐จ. ๐ต
Source: DRHP Filings - check it out at https://tinyurl.com/9e4bp3hb
๐. ๐๐ฉ๐ฉ๐ฅ๐'๐ฌ ๐ ๐๐ฌ๐ก๐ข๐จ๐ง๐๐๐ฅ๐ฒ ๐๐๐ญ๐ ๐๐ ๐๐ง๐ญ๐ซ๐๐ง๐๐: ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง ๐จ๐ซ ๐๐ฆ๐ข๐ญ๐๐ญ๐ข๐จ๐ง?
The โAโ in AI stands for Apple - OK then.
Apple's annual Worldwide Developers Conference (WWDC) unveiled a new star: Apple Intelligence, a suite of AI-powered features for iPhones, iPads, and Macs. This all-out AI push marks a stark contrast to Apple's previous reluctance to join the AI bandwagon.
The Highlights:
- ChatGPT integration with Siri and other Apple apps
- Writing Tools for tone adjustment in texts, emails, and notes
- Mail app's email summarization and importance ranking
- Apple Pencil-powered math problem solving in the iPad calculator app
Apple assures users that AI will run either locally on devices or on the company's own servers, prioritizing privacy.
But the question remains: Is Apple fashionably late or simply lagging behind?
As iPhone sales stagnate, Apple has been slower to embrace AI compared to rivals Google and Microsoft. While Apple has a history of being late but great (think iPod), the AI landscape is a different beast.
๐ ๐๐ค๐ง ๐๐๐ค๐ช๐๐๐ฉ: ๐ผ๐ฅ๐ฅ๐ก๐'๐จ ๐๐๐จ๐๐๐ค๐ฃ๐๐๐ก๐ฎ ๐ก๐๐ฉ๐ ๐ผ๐ ๐๐๐๐ช๐ฉ ๐๐๐๐ก๐จ ๐ข๐ค๐ง๐ ๐ก๐๐ ๐ ๐ ๐ข๐-๐ฉ๐ค๐ค ๐ข๐ค๐ซ๐ ๐ฉ๐๐๐ฃ ๐ ๐๐๐ข๐-๐๐๐๐ฃ๐๐๐ง. ๐๐๐๐ก๐ ๐๐๐ง๐'๐จ ๐พ๐๐๐ฉ๐๐๐ ๐ข๐๐ ๐๐ค๐ซ๐๐ง ๐๐ฃ๐ ๐๐๐๐ก'๐จ ๐จ๐ข๐๐ง๐ฉ ๐จ๐ค๐ง๐ฉ๐๐ฃ๐ ๐ข๐๐๐๐ฉ ๐๐๐ ๐จ๐ค๐ข๐ ๐จ๐๐ฏ๐ฏ๐ก๐, ๐ฉ๐๐๐ฎ ๐๐๐ง๐๐ก๐ฎ ๐จ๐ฌ๐๐ฎ ๐ฉ๐๐ ๐ผ๐ ๐จ๐๐๐ก๐๐จ ๐๐ฃ ๐ผ๐ฅ๐ฅ๐ก๐'๐จ ๐๐๐ซ๐ค๐ง. ๐ผ๐จ ๐ง๐๐ซ๐๐ก๐จ ๐ก๐๐ ๐ ๐๐ค๐ค๐๐ก๐ ๐๐ฃ๐ ๐๐๐๐ง๐ค๐จ๐ค๐๐ฉ ๐๐ค ๐๐ก๐ก-๐๐ฃ ๐ค๐ฃ ๐ผ๐ ๐๐๐ง๐ค๐จ๐จ ๐ฉ๐๐๐๐ง ๐๐๐ค๐จ๐ฎ๐จ๐ฉ๐๐ข๐จ, ๐ผ๐ฅ๐ฅ๐ก๐'๐จ ๐ฅ๐๐๐๐๐ข๐๐๐ก ๐๐ฅ๐ฅ๐ง๐ค๐๐๐ ๐ง๐๐จ๐ ๐จ ๐๐๐๐ฃ๐ ๐จ๐๐๐ฃ ๐๐จ ๐ ๐๐๐ก๐-๐๐๐๐ง๐ฉ๐๐ ๐๐๐๐๐ ๐ง๐๐ฉ๐๐๐ง ๐ฉ๐๐๐ฃ ๐ ๐๐ค๐ก๐ ๐๐๐ฉ. ๐๐ช๐ง๐, ๐ผ๐ฅ๐ฅ๐ก๐'๐จ ๐ฅ๐ง๐๐ซ๐๐๐ฎ-๐๐๐ง๐จ๐ฉ ๐ฅ๐๐ฉ๐๐ ๐ข๐๐๐๐ฉ ๐ฌ๐๐ฃ ๐จ๐ค๐ข๐ ๐๐๐๐ง๐ฉ๐จ, ๐๐ช๐ฉ ๐๐ฃ ๐ฉ๐๐ ๐ผ๐ ๐๐ง๐ข๐จ ๐ง๐๐๐, ๐๐ฉ ๐๐๐๐ก๐จ ๐ก๐๐ ๐ ๐ผ๐ฅ๐ฅ๐ก๐ ๐๐จ ๐๐ง๐๐ฃ๐๐๐ฃ๐ ๐ ๐ ๐ฃ๐๐๐ ๐ฉ๐ค ๐ ๐๐ช๐ฃ๐๐๐๐๐ฉ. ๐๐ค ๐ฉ๐ง๐ช๐ก๐ฎ ๐ฉ๐๐๐ฃ๐ ๐๐๐๐๐๐ง๐๐ฃ๐ฉ, ๐ผ๐ฅ๐ฅ๐ก๐ ๐ฃ๐๐๐๐จ ๐ฉ๐ค ๐๐ฃ๐ฃ๐ค๐ซ๐๐ฉ๐, ๐ฃ๐ค๐ฉ ๐๐ช๐จ๐ฉ ๐๐ฃ๐ฉ๐๐๐ง๐๐ฉ๐. ๐คจ
Source: Morning Brew - https://tinyurl.com/56c3t84k
๐. ๐๐ฎ๐ฌ๐ฌ๐ข๐'๐ฌ ๐๐๐ง๐๐ญ๐ข๐จ๐ง๐ฌ-๐๐๐๐ฒ๐ข๐ง๐ ๐๐๐จ๐ง๐จ๐ฆ๐ข๐ ๐๐๐ซ๐จ๐๐๐ญ๐ข๐๐ฌ ๐ญ๐ฐ
Russia's vault to the world's 4th largest economy, despite Western sanctions, is a stunning display of economic resilience and adaptability. The secret to Russia's success? A multi-pronged approach that would make Houdini proud.
The Tricks:
- Oil Discounts: By selling cut-price crude to China and India, Russia's found a sanctions loophole. These countries refine the oil and legally export it to the West, turning Russia's black gold into a sanctions-busting tool.
- Military Spending Spree: The Kremlin's pumped up domestic spending, particularly in the military-industrial complex, to fuel the war machine. This strategic splurge has sent Russia's GDP soaring.
- Currency Control Circus: By restricting foreign companies from withdrawing funds and hiking interest rates, Russia's central bank has pulled off a monetary balancing act, keeping the ruble steady and inflation in check.
While this wartime economic model may not have long-term legs, it highlights Russia's knack for economic acrobatics in the face of adversity. The Kremlin's ability to adapt and innovate has left sanctions-wielding Western powers scratching their heads.
(Correction: Russia became fourth largest economy in terms of PPP-based GDP according to the World Bank, missed clarifying this earlier)
๐ ๐๐ค๐ง ๐๐๐ค๐ช๐๐๐ฉ: ๐๐ช๐จ๐จ๐๐'๐จ ๐จ๐๐ฃ๐๐ฉ๐๐ค๐ฃ๐จ-๐จ๐ ๐๐ง๐ฉ๐๐ฃ๐ ๐ง๐๐จ๐ ๐๐จ ๐ ๐จ๐ฉ๐ช๐๐ฎ ๐๐ฃ ๐๐๐ค๐ฅ๐ค๐ก๐๐ฉ๐๐๐๐ก ๐๐๐ข๐๐จ๐ข๐๐ฃ๐จ๐๐๐ฅ. ๐ฝ๐ฎ ๐ฉ๐ช๐ง๐ฃ๐๐ฃ๐ ๐ค๐๐ก ๐๐๐จ๐๐ค๐ช๐ฃ๐ฉ๐จ ๐๐ฃ๐ฉ๐ค ๐๐๐ง๐๐๐๐ฃ๐๐ฃ๐ ๐๐๐๐ฅ๐จ, ๐ข๐๐ก๐๐ฉ๐๐ง๐ฎ ๐จ๐ฅ๐๐ฃ๐๐๐ฃ๐ ๐๐ฃ๐ฉ๐ค ๐ ๐๐ง๐ค๐ฌ๐ฉ๐ ๐๐ฃ๐๐๐ฃ๐, ๐๐ฃ๐ ๐๐ช๐ง๐ง๐๐ฃ๐๐ฎ ๐๐ค๐ฃ๐ฉ๐ง๐ค๐ก๐จ ๐๐ฃ๐ฉ๐ค ๐๐ฃ ๐๐๐ค๐ฃ๐ค๐ข๐๐ ๐๐ค๐ง๐๐ ๐๐๐๐ก๐, ๐๐ช๐จ๐จ๐๐ ๐๐๐จ ๐ง๐๐ฌ๐ง๐๐ฉ๐ฉ๐๐ฃ ๐ฉ๐๐ ๐จ๐๐ฃ๐๐ฉ๐๐ค๐ฃ๐จ ๐ฅ๐ก๐๐ฎ๐๐ค๐ค๐ . ๐๐ฉ'๐จ ๐ ๐๐๐๐-๐จ๐ฉ๐๐ ๐๐จ ๐ฅ๐๐ง๐๐ค๐ง๐ข๐๐ฃ๐๐ ๐ฉ๐๐๐ฉ'๐จ ๐๐ค๐ง๐๐๐ฃ๐ ๐ฉ๐๐ ๐๐๐จ๐ฉ ๐ฉ๐ค ๐ง๐๐ฉ๐๐๐ฃ๐ ๐๐ฉ๐จ ๐๐๐ค๐ฃ๐ค๐ข๐๐ ๐๐ค๐๐ง๐๐๐ค๐ฃ ๐จ๐๐ง๐๐ฅ๐ฉ. ๐๐ฃ ๐ฉ๐๐๐จ ๐ฃ๐๐ฌ ๐ฌ๐ค๐ง๐ก๐ ๐ค๐ง๐๐๐ง, ๐๐๐ค๐ฃ๐ค๐ข๐๐ ๐ง๐๐จ๐๐ก๐๐๐ฃ๐๐ ๐๐จ๐ฃ'๐ฉ ๐๐ช๐จ๐ฉ ๐๐๐ค๐ช๐ฉ ๐ง๐๐จ๐ค๐ช๐ง๐๐๐จ; ๐๐ฉ'๐จ ๐๐๐ค๐ช๐ฉ ๐ง๐๐จ๐ค๐ช๐ง๐๐๐๐ช๐ก๐ฃ๐๐จ๐จ. ๐ญ
Source: Finshots - https://tinyurl.com/3du9jpz9
๐. ๐๐๐ฆ๐๐๐๐ซ๐ญ๐ก ๐๐๐ซ๐๐ง๐ญ ๐๐จ๐ง๐๐ฌ๐ ๐๐ก๐๐ซ๐๐ฌ ๐๐ญ๐ฎ๐ฆ๐๐ฅ๐: ๐๐จ๐ฐ๐ง ๐% ๐๐จ๐ฌ๐ญ ๐๐๐ฃ๐จ๐ซ ๐๐ฅ๐จ๐๐ค ๐๐๐๐ฅ
Honasa Consumer Ltd., the proud parent of D2C dynamo Mamaearth, felt the market's cold shoulder as its shares plunged nearly 5% following a major block deal. This sell-off comes hot on the heels of Honasa's much-hyped IPO, raising eyebrows and questions.
The gainers? Fireside Ventures and Sofina Ventures, who collectively unloaded 66.2 lakh shares (2% equity) in a โน291 crore transaction. This could be a classic case of profit-booking after the stock's post-IPO surge, or a red flag for Honasa's growth prospects and valuation sustainability.
But wait, there's a plot twist! Honasa's revenue from operations jumped 21% to โน471 crore in FY24's last quarter, and it swung from a โน161.78 crore loss to a โน30.4 crore profit. Talk about a glow-up!
As Mamaearth navigates the cutthroat D2C jungle, all eyes are on Honasa's ability to keep its revenue engine purring and its valuation pristine. Will this homegrown hero keep its crown, or will it be dethroned by the unrelenting forces of competition and fickle consumer tastes?
๐ ๐๐ค๐ง ๐๐๐ค๐ช๐๐๐ฉ: ๐๐๐ข๐๐๐๐ง๐ฉ๐'๐จ ๐ฅ๐ค๐จ๐ฉ-๐๐๐ ๐๐ก๐ช๐๐จ ๐๐ง๐ ๐ ๐จ๐ฉ๐๐ง๐ ๐ง๐๐ข๐๐ฃ๐๐๐ง ๐ฉ๐๐๐ฉ ๐๐ฃ ๐ฉ๐๐ ๐๐๐๐ ๐ก๐ ๐ฌ๐ค๐ง๐ก๐ ๐ค๐ ๐ฟ2๐พ, ๐๐ซ๐๐ฃ ๐ฉ๐๐ ๐ข๐ค๐จ๐ฉ ๐ฅ๐ง๐ค๐ข๐๐จ๐๐ฃ๐ ๐ช๐ฃ๐๐๐ค๐ง๐ฃ๐จ ๐๐๐ฃ ๐ก๐ค๐จ๐ ๐ฉ๐๐๐๐ง ๐จ๐๐๐ฃ๐. ๐ผ๐จ ๐ ๐๐ฎ ๐๐ฃ๐ซ๐๐จ๐ฉ๐ค๐ง๐จ ๐๐๐จ๐ ๐ค๐ช๐ฉ, ๐๐ค๐ฃ๐๐จ๐'๐จ ๐๐๐๐ก๐ก๐๐ฃ๐๐ ๐๐จ ๐ฉ๐ค ๐ฅ๐ง๐ค๐ซ๐ ๐ฉ๐๐๐ฉ ๐๐ฉ๐จ ๐ฃ๐๐ฉ๐ช๐ง๐๐ก ๐๐ก๐ก๐ช๐ง๐ ๐๐จ๐ฃ'๐ฉ ๐๐ช๐จ๐ฉ ๐จ๐ ๐๐ฃ-๐๐๐๐ฅ, ๐๐ช๐ฉ ๐ ๐จ๐ช๐จ๐ฉ๐๐๐ฃ๐๐๐ก๐ ๐ข๐ค๐๐ฉ ๐๐๐๐๐ฃ๐จ๐ฉ ๐ฉ๐๐ ๐ง๐๐จ๐๐ฃ๐ ๐ฉ๐๐๐ ๐ค๐ ๐๐ค๐ข๐ฅ๐๐ฉ๐๐ฉ๐๐ค๐ฃ. ๐๐๐ ๐ง๐๐๐ก ๐ฉ๐๐จ๐ฉ ๐ค๐ ๐๐๐ข๐๐๐๐ง๐ฉ๐'๐จ ๐ข๐๐ฉ๐ฉ๐ก๐ ๐ฌ๐๐ก๐ก ๐๐ ๐๐ฉ๐จ ๐๐๐๐ก๐๐ฉ๐ฎ ๐ฉ๐ค ๐ฃ๐ช๐ง๐ฉ๐ช๐ง๐ ๐๐ง๐๐ฃ๐ ๐ก๐ค๐ฎ๐๐ก๐ฉ๐ฎ ๐๐ฃ๐ ๐ข๐๐๐ฃ๐ฉ๐๐๐ฃ ๐๐ฉ๐จ ๐๐ง๐ค๐ฌ๐ฉ๐ ๐ฉ๐ง๐๐๐๐๐ฉ๐ค๐ง๐ฎ ๐๐ฃ ๐ ๐ข๐๐ง๐ ๐๐ฉ ๐ฌ๐๐๐ง๐ ๐๐ค๐ฃ๐จ๐ช๐ข๐๐ง ๐ฌ๐๐๐ข๐จ ๐๐๐๐ฃ๐๐ ๐๐๐จ๐ฉ๐๐ง ๐ฉ๐๐๐ฃ ๐ ๐๐๐๐ฎ'๐จ ๐๐๐๐ฅ๐๐ง. ๐ถ
Source: News18 - https://tinyurl.com/24kkn6ew
Lots happening in the tech, business, and socio/geo-political spheres!
Disagree with the perspective in ๐ ๐๐ค๐ง ๐๐๐ค๐ช๐๐๐ฉ? Let's debate โฌ๏ธ
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I donโt fully agree on your opinion on Appleโs late entry to AI. Apple is integrating AI system wide and not just in apps, itโll eventually let users do various action within apps and system settings with prompts.
Also, ChatGPT is an opt-in feature where Siri will only recommend it if it figures that a certain request is beyond its reach, not every request will hit chatGPT. There are various SLM or LLM models that will run (like you said) on device or their proprietary Private Cloud Compute.
Soo.. not sure if they came with a knife in a gun fight
+1 here, donโt fully agree with the opinion but also feel that Google & Microsoft are natively doing a lot more in the AI race
Relatively speaking it might not be a knife but maybe a sword to the gunfight ๐
But Apple being Apple will execute it 10x better on the consumer end, no doubt!
@jinyang tend to agree, Apple being apple will execute a lot better
Mamaearth is shit. She quickly saw her company through IPO so investors could get an exit. Retail ones are anyway caught in greed
Yesterday's feedback is today's outcome - live the agility you'll are bringing to the table here. A couple of things:
- I received this at 8ish today, that's helpful :) Would be great if I could choose a time for this to be delivered - sort of like customised.
- Like that other topics are covered, but this feels super long now. Maybe there is merit in categorizing news the traditional way - politics, business, etc.. I can choose what I want to see.
- I understand it's news and there is only so much you can cut out and make it a quick read, but there is merit in attempting a template that's shorter imo.
Nonetheless, thanks for bringing this to us :)
I believe they are experimenting currently as to which news category creates more engagement and also around the length of content i.e. more news items with lesser lines v/s less news items with more lines(content)
Lots happening in the tech but still only 2 tech stories. Pathetic
Do something with your background and text colour, make text more brighter. When I switch from Blind to here, it feels dull, and I have to increase brightness every time
Enjoying these snippets!
Thank you for taking feedback effectively ๐ช
is there any way to short a stock in pre IPO.
Nimo tai ๐ค