Zepto, one of the leading players in India’s rapidly expanding quick-commerce market, has delivered a promising set of financial results for the fiscal year 2024 (FY24), despite ongoing challenges in the competitive e-commerce space. The company reported a significant 25% ...
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Disney-RIL Merger Creates Media Giant in ₹70,352 Crore Deal: Combining Content with Cutting-Edge Technology
In a transformative move that will reshape the global entertainment and media landscape, Reliance Industries Limited (RIL) and The Walt Disney Company have announced their merger in a deal valued at ₹70,352 crore. This strategic merger will combine RIL’s technological ...
Anand Rathi Share and Stock Brokers Files Draft Papers for ₹745-Crore IPO with SEBI
Introduction Anand Rathi Share and Stock Brokers, one of India’s leading financial services firms, has taken a significant step towards going public by filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The ...
Bulk Deal Alert: Leading Light Fund VCC Triumph Fund Acquires 2.07% Stake in Euro Panel Products
Introduction In a significant move within the Indian capital markets, Leading Light Fund VCC – The Triumph Fund has acquired a 2.07% stake in Euro Panel Products Ltd, marking a notable bulk deal in the financial landscape. The transaction underscores ...
EV Startup VOICE Secures Rs 5 Crore Funding from BizDateUp to Drive Green Innovation
Electric vehicle (EV) startup VOICE has successfully raised Rs 5 crore in funding from BizDateUp, a prominent ecosystem enabler for startups. This strategic investment underscores growing confidence in the EV industry and VOICE’s mission to redefine India’s eco-friendly transportation landscape. ...
EU Launches Satellite Network to Rival Musk’s Starlink: A Bold Step in Digital Sovereignty
Introduction In a landmark move to bolster its digital independence and secure critical space infrastructure, the European Union (EU) has officially launched its ambitious satellite network to challenge Elon Musk’s Starlink system. The initiative marks a decisive step toward establishing ...
Zepto Doubles Revenue to Rs 4,454 Crore in FY24, Narrows Losses
Quick commerce unicorn Zepto has achieved an impressive 120% revenue growth in FY24, reaching Rs 4,454 crore, up from Rs 2,026 crore in FY23. The Mumbai-based startup attributes this surge to the rising popularity of 10-minute deliveries, as consumers increasingly ...
Supreme Court Halts Proceedings on Anti-Competitive Allegations Against Amazon and Flipkart: A Turning Point in India’s E-Commerce Regulation
Introduction In a significant development for the Indian e-commerce sector, the Supreme Court of India on Monday stayed the ongoing proceedings related to alleged anti-competitive practices by e-commerce giants Amazon and Walmart-owned Flipkart. This decision marks a crucial turning point ...
Wipro Boosts Its Internal Talent Base to Drive Growth: Building Future-Ready Teams for 2024-2025
Introduction As businesses worldwide grapple with technological disruptions and the increasing need for innovation, Wipro, one of India’s top IT service providers, is doubling down on its internal talent development strategy to fuel long-term growth. The company has outlined an ...
India’s First Indigenous Bullet Train Set to Launch by December 2026
In a historic stride towards self-reliance in railway technology, India’s first made-in-India bullet train is set to roll out by December 2026, announced Shantanu Roy, Chairman and Managing Director of BEML Ltd. The project is a collaboration between BEML, the ...