A naukri.com initiative
Inc42
2M
18
Image Credit: Inc42
Can Bira 91 Reclaim Its Crown?, CARS24 Axes 120 Jobs & More
- Bira 91 faces challenges after dropping 'Private' from its name, resulting in a decade setback and financial struggles.
- The brand had to halt sales, recall products, and write off inventory worth INR 80 Cr due to the name change.
- Despite wide presence, most of Bira 91's sales came from Delhi and Andhra Pradesh, impacting by the name change.
- The company aims to raise $100 Mn by Q2 FY26 to stabilize operations and regain market share with strategic precision.
- Bira 91 plans to expand to tier II and III cities and focus on revenue growth and cost reduction amidst financial liabilities.
- CARS24 is laying off 120 employees from non-core verticals, following a previous layoff of nearly 200 employees.
- OYO has revived its IPO plans and aims to file its DRHP with SEBI by September this year.
- Info Edge's Q4 PAT surged 8X, posting a consolidated net profit of INR 677.9 Cr, with operating revenue growing by 14% YoY.
- OrbitAID, a spacetech startup, is developing in-orbit refuelling solutions for satellites to reduce space debris and enhance sustainability.
- OrbitAID tested its SIDRP technology in zero gravity and secured funding of $1.5 Mn to advance in-orbit refuelling innovation.
Read Full Article
1 Like
For uninterrupted reading, download the app