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Wednesday

3 stories you need to know from India's startup ecosystem.

3Stories
3Min Read
01
Manufacturing 5 min read

Apple India Crossed ₹1 Lakh Crore And Paid Cupertino Nearly Twice What It Kept

The headline number is the revenue. The number worth reading is eight paragraphs down the expense schedule. Licence fees paid to the parent company went from ₹4,258 crore to ₹10,374 crore, an increase of 143.6 per cent i…

02
AI 4 min read

China Ordered $35 Billion Of Nvidia Cards And Nvidia Says It Can Fill A Tenth

The $35 billion is the least reliable number in this story, and it is the one in every headline. Six million units have been ordered against a production ceiling of three million, and Nvidia has already told partners to …

03
Markets & IPO 5 min read

Jio Drew ₹2.5 Lakh Crore Of Anchor Bids For ₹8,110 Crore Of Stock

Thirty times cover on an anchor book is not a compliment to the company. It is a statement about the price. When institutional investors bid ₹2.5 lakh crore for ₹8,110 crore of stock, they are telling the issuer that the…

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