HBLBengaluru

The official X account of The Hindu Businessline's reporters in Bengaluru and across Karnataka. Follow us for all things startups, technology and corporates

[HBLBengaluru @BengaluruHbl]

Higher education & upskilling company @upGrad_Official is expanding its portfolio with new courses. Mayank Kumar, co-Founder, upGrad talks with @businessline on its expansion plans.

Reporter: Jyoti Banthia

https://t.co/N1sA6L6Kwf

[HBLBengaluru @BengaluruHbl]

United Breweries, part of the HEINEKEN family, has launched its premium beer brand, #AmstelGrande, in India. Vikram Bahl, Chief Marketing Officer at UBL talks with @businessline on its product launch.

Reporter: Sanjana B

https://t.co/yly804n1Pd

[HBLBengaluru @BengaluruHbl]

Ola Electric reports a slight relief as it pared its losses by 5 per cent year-on-year for Q2FY25 to ₹495 crore from ₹524 crore in the year-ago period . #OlaElectric #q2result

https://t.co/tksRRAhxvV

[HBLBengaluru @BengaluruHbl]

Food delivery and grocery major Swiggy’s initial public offering has been oversubscribed by 3.59 times after a tepid response in the first two days. #SwiggyIPO

https://t.co/XoxC9HQFw1

[HBLBengaluru @BengaluruHbl]

Indian IT companies have seen a 3-5% CAGR in revenue per employee over the past eight years. However, industry experts note this growth lags behind global counterparts. #IndianIT

Reporter: Sanjana B

https://t.co/dcbSIgm1Gb

[HBLBengaluru @BengaluruHbl]

Rameshwaram Cafe is set to expand into North Indian markets, including Mumbai, Pune, Delhi, and Gujarat. #RameshwaramCafe

https://t.co/W91HYG8MpG

[HBLBengaluru @BengaluruHbl]

Smartphones dominate e-commerce sales this festive season, led by no-cost EMIs, discounts, and sales that drove the surge in demand. #SmartphoneSales #Ecommerce

Reporter: Jyoti Banthia, Aishwarya Kumar

https://t.co/kRK6Uff1Ry

[HBLBengaluru @BengaluruHbl]

The Hosteller, a popular backpacker hostel brand, raises ₹48 crore in Series A funding led by V3 Ventures. The round saw participation from Synergy Capital Partners, Unit e Consulting, Climber Capital, Ice VC, and AL Trust. #TheHosteller #SeriesA

https://t.co/7StXVQziRr

[HBLBengaluru @BengaluruHbl]

Agrochemical maker Dhanuka Agritech reports a 15.5% rise in Q2 FY24-25 net profit, reaching ₹117.52 crore, driven by higher sales. This compares to ₹101.77 crore in the same quarter last year. #DhanukaAgritech #Agrochemicals

https://t.co/nYIV2jrPnq

[HBLBengaluru @BengaluruHbl]

India is one of Copilot's fastest-growing markets, says Microsoft AI CEO Mustafa Suleyman. He also highlights the country’s strong R&D teams, which are among the best globally. #AI #Microsoft

https://t.co/VMBC6m5ea7

[HBLBengaluru @BengaluruHbl]

Deeptech robotics start-up CynLr raises $10M in Series A funding led by Pavestone and Athera Venture Partners, bringing its total funding to $15.2M. #DeepTech #SeriesA

https://t.co/ImwObAJd2X

[HBLBengaluru @BengaluruHbl]

Tessolve announces the acquisition of 100% of Dream Chip Technologies, a German semiconductor chip design firm, for up to ₹400 crore. #Tessolve #Semiconductors

https://t.co/8trTllXVdF

[HBLBengaluru @BengaluruHbl]

SAP confirms plans to "over proportionally" hire for its India lab, focusing on R&D talent, says CEO Christian Klein.

Reporter: Sanjana B

https://t.co/z5qJG3MNGF

[HBLBengaluru @BengaluruHbl]

Bitcoin hit a new all-time high, surpassing $75,000 for the first time since March 2024. Industry experts attribute this to inflows into ETFs and increased speculation. #Cryptocurrency #USAElection2024

Reporter: Sanjana B

https://t.co/cHVgB0dm3I

[HBLBengaluru @BengaluruHbl]

GalaxEye, a SpaceTech startup, closes its Series A with $10M from MountTech Growth Fund – Kavachh, Infosys, Speciale Invest, Mela Ventures, ideaForge, and Samarthya Investment Advisors. #SpaceTech #SeriesA

https://t.co/HVeJWBlbcN

[HBLBengaluru @BengaluruHbl]

Flipspaces, backed by Carpediem Capital, is eyeing 2-3 acquisitions over the next three years to drive growth in adjacent sectors like hospitality, healthcare, and education.

Reporter: Aishwarya Kumar

https://t.co/pMSwcLcqvr

[HBLBengaluru @BengaluruHbl]

With U.S. elections approaching, crypto markets brace for impact as investors weigh potential regulatory changes. Experts predict heightened volatility, with a mix of optimism and caution ahead! #Crypto #USElections

Reporter: Sanjana B

https://t.co/hU4FPa2xjr

[HBLBengaluru @BengaluruHbl]

Swiggy’s IPO hits the market Nov 6-8, priced at ₹371-₹390 per share. With a valuation adjustment, the IPO is now estimated at $11.3B—down 25% from the earlier $15B target, reflecting recent market corrections. #SwiggyIPO

Reporter: Jyoti Banthia

https://t.co/BUnXtPhivO

[HBLBengaluru @BengaluruHbl]

Meesho reports a positive operating cash flow of ₹232 crore for FY24, with operating revenue up 33% to ₹7,615 crore. Growth fueled by more transacting users and higher order frequency among existing customers. #Meesho #Ecommerce #FY24Results

https://t.co/oBtBvdl2Uo

[HBLBengaluru @BengaluruHbl]

Biocon Ltd reports a significant 87% YoY drop, posting a net loss of ₹16 crore in Q2, down from a ₹126 crore profit last year. The decline was attributed to higher taxes and minority interests. Adjusted loss stands at ₹13 crore. #Biocon #Q2Results

https://t.co/k3VBFxci9t