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Aditya-L1's Solar Odyssey ☀️, Reliance's GST Battle Heat Up🔥
Disney's Indian Ventures for Sale, Magicpin's Super Saver Match Days, Virgio's Fashion Twist, Funding Deals and more.
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☀️ Aditya-L1 Soars Toward the Sun-Earth L1 Point 🚀
India's pioneering space-based solar observatory, Aditya-L1, is in excellent health as it journeys toward the Sun-Earth Lagrange Point 1 (L1). The spacecraft, under the watchful eyes of the Indian Space Research Organisation (ISRO), made its grand exit from Earth's sphere of influence on September 30. An expertly executed trajectory correction manoeuvre (TCM) on October 6 further ensures its smooth voyage. 🌞🛰️
💼 Reliance General Insurance Faces ₹922 Crore GST Heat 🔥
In a financial face-off, the Directorate General of GST Intelligence (DGGI) has handed over not one, but four stern show cause notices to Reliance General Insurance Company (RGIC), demanding a hefty ₹922.58 crore in Goods and Services Tax (GST) dues. Things are heating up in the financial corridors! 💰📉
🌟 Disney's Indian Ventures: On the Auction Block 🎥
In a dramatic turn of events, Walt Disney Co. is setting the stage for a potential blockbuster deal in India. The entertainment giant is reportedly in preliminary talks with influential tycoons Gautam Adani and Kalanithi Maran, among others, to sell its cherished India streaming and television business. Will the magic kingdom find a new ruler? Stay tuned! 🎬💼
🏏🍔 Magicpin's Super Saver Match Days Are Here 🍟🎉
As the ICC World Cup 2023 kicks off, magicpin, the hyperlocal e-commerce sensation, is bringing you the 'Super Saver Match Days'. With a whopping ₹100 crore set aside, they're partnering with your favorite food joints to bring incredible discounts on your orders.🏏🍕
✨ Virgio's Fashion Journey Ends Abruptly Despite $37M Boost 🔐
In a surprising turn of events, Virgio, the fashion platform led by ex-Myntra CEO Amar Nagaram, has closed its doors just a year after its launch. Despite a substantial $37 million funding round in December last year, the startup has decided to shut down its operations. A puzzling twist in the startup saga, leaving the industry intrigued! 🚪🛍️
Pep has raised $2.5 Mn in funding from India Quotient and other angel investors such as Meesho cofounders Vidit Aatrey and Sanjeev Barnwal, CRED’s Kunal Shah, others
Exoticamp, a camping experiences discovery platform, has raised $500,000 (around Rs 4 crore) in its first round of funding from a group of early-stage investors. These include Anil Kumar Karusala, promoter of formulations firm Sai Parenterals, Mediamint founder Aditya Vuchi’s family office, Harsh Dugar, who is executive director of Federal Bank, some senior employees of Spark Capital, besides a few other non-resident Indians, and high net-worth Individuals.
Tweet of the day🐥
“Never give up on something you really want. It's difficult to wait, but more difficult to regret.”
Thanks for reading till the end!