B2B e-commerce unicorn Udaan, which is expected to file for an IPO soon, said it recorded a 65% year-on-year (y-o-y) rise in its annual recurring revenue (ARR) in the calendar year 2024. For comparison, in FY24, the company reported flat revenue growth at Rs 5,706 crore, while narrowing losses by 19% to Rs 1,674 crore
Apple announced on Monday its plans to invest $500 billion in the United States over the next four years, including the construction of a major artificial intelligence (AI) server facility in Texas and the creation of approximately 20,000 new research and development jobs nationwide. The massive investment will encompass spending on US suppliers, Apple TV+
Bharti Airtel on Monday said that it has entered into a partnership with Apple to provide Apple TV+ streaming services and Apple Music to its home Wi-Fi and postpaid customers. ALSO READFMCG stock-ready vans reducing replenishment times in rural areas As part of this collaboration, Airtel will offer Apple TV+ access to its home Wi-Fi
Several FMCG companies like Godrej Consumer, Britannia and ITC are now using stock-ready vans or mini-trucks to reduce stock replenishment time with rural retailers, according to people in the know. This is different from the usual strategy where a person goes from one shop to another, taking orders, and then another goes to deliver them
DBS Bank on Monday issued clarification on an earlier report wherein the company CEO Piyush Gupta had said that the banking giant plans to cut 4,000 jobs over the next three years due to deeper integration of artificial intelligence (AI) into its operations. In a statement shared with FinancialExpress.com, the company said that the CEO
Manappuram Finance Ltd on Monday issued clarification on media reports regarding a potential $1 billion deal with Bain Capital, saying that there is no information available which requires disclosure under SEBI’s Listing Regulations. In a regulatory filing, the company said, “We have taken note of the captioned news item, and confirm that currently there is
The hospitality industry in India has witnessed a sharp rebound post pandemic with demand expected to outpace supply over next 3-4 years, stated a report by Yes Securities. This upcycle, unlike the previous ones, should allow the hospitality companies to capitalise on incremental growth opportunities given the robust balance sheets of key branded players with
Bharti Airtel and Apple have entered into a strategic partnership, as per Reuters. The deal exclusively offers Apple TV+ and Apple music to its wi-fi and postpaid customers. (The story will be further updated as and when more details come.) » Read More
Go to Live UpdatesSensex Nifty Today | Stock Market Live Updates: Early trends from Gift Nifty indicates a positive start for the markets today. Asian markets are also trading higher, with key indices in Japan and South Korea opening on a positive note. Meanwhile, Indian stock markets have reopened after a long weekend and the
After a long weekend on account of Holi, the Indian stock markets are set to resume trading today, March 17. But will the break bring fresh momentum, or will investors return to a cautious start? Early trends from Gift Nifty indicate a positive opening. From Wall Street’s performance to key economic announcements, several factors will
After an extended break due to the Holi holiday and the weekend, the stock market is set to resume trading with plenty of action on the horizon today, March 17. With three days of global market movements, company updates, and economic cues piling up, investors will have a lot to factor in as the trading
By Anand James One point at the start of last week was how strong an offensive could the bears launch. At that point, we were just coming off a sub 25 RSI level, which had historically favoured a bounce back. But such moves also held a strong chance of fizzling out quickly. This is why
Ride-hailing platform Rapido is in advanced talks with restaurants and industry associations across four major metro cities to challenge the dominance of Swiggy and Zomato, which together command an estimated 95% market share. The move comes at a time when restaurants have been voicing growing concerns over high commission rates and potential conflicts of interest following
