Social networking platform ShareChat expects its apps, ShareChat and Moj, to turn profitable by April, company’s chief business officer Gaurav Jain said. Speaking to FE on the sidelines of the India Digital Summit in New Delhi on Thursday, Jain stated that while the company might still report losses in FY25, it is optimistic about achieving
Spencer’s Retail, the retail arm of the RP Sanjiv Goenka group, entered the quick commerce sector with JIFFY, its new online platform, on Thursday, starting with Kolkata. The operation will eventually be rolled out to other parts of West Bengal, followed by Uttar Pradesh (UP). The retailer currently has a total of 89 stores in
E-commerce giant Amazon is set to acquire Indian startup Axio, an online lending platform offering point-of-sale financing. Amazon first invested in Axio during its Series C funding round six years ago and currently holds an 8% stake in the company. “In December, after the successful completion of due diligence, we signed an agreement with Amazon
Mukesh Ambani-led and oil and gas major, Reliance Industries has declared its quarterly earnings. The company’s profit jumped 11.7% YoY to Rs 21,930 crore from Rs 19,641 crore. The big contribution came from he company’s digital services and festive demand for the retail business. Even for the Oil and gas business, it was a steady
The news about the move by the founder of the US-based short seller Hindenburg Research to disband the entity apparently has huge implications for India and especially for its regulatory institutions. “This is a very important development and will play a role in reinforcing the faith in the Indian regulatory institutions,” says Prasanna Tantri, associate
IT major Infosys Ltd on Thursday revised its FY25 revenue guidance to 4.5- 5.0 per cent in constant currency from an earlier 3.75-4.5 per cent. It, however, maintained an operating margin of 20- 22 per cent. Earlier, brokerage firms had estimated that Infosys will revise or upgrade its FY25 revenue growth guidance to 4.25–4.75 per
The attrition rate of Infosys stands at 13.7% for the last twelve months for the IT services for the reporting quarter of FY25. The company’s attrition rate was 12.9% in the previous quarter of the same fiscal year. Similarly, it was standing at 12.9% in Q3 FY24. However, the total employee count stands at 323,379
Spencer’s Retail Ltd on Thursday announced its fiscal third quarter earnings with loss at Rs 47.34 crore, narrowed from a loss of Rs 51.20 crore recorded during the third quarter of FY24. It posted revenue from operations at Rs 516.97 crore, reporting a drop of 20.95 per cent as against Rs 654.01 crore during the
If you are planning to save tax along with investment, then the Equity-Linked Savings Scheme (ELSS) can be a great option for you. ELSS mutual funds not only offer tax exemption of up to Rs 1.5 lakh under Section 80C, under the Old Tax Regime, of the Income Tax Act, but also have a lock-in
The government has issued a total of 67 tranches of Sovereign Gold Bonds (SGBs) amounting to 146.96 tonnes of gold till 2024-25, Parliament was informed on Tuesday. The outstanding value as on March 20, 2025, on issue price is Rs 67,322 crore for 130 tonnes of gold, Minister of State for Finance Pankaj Chaudhary said
India’s solar module and cell exports decline by 16% to $1.5 billion in the calendar year 2024 from $1.8 billion in 2023, as per data from Mercom. The decline in shipments can be attributed to heightened shipment scrutiny, including port inspection and barcode verification of individual modules, and concerns over potential Chinese component inclusion, Mercom
From a glass-paneled control room, millions of solar panels interspersed with towering windmills stretch across the barren landscape of Khavda in Gujarat, resembling vast agricultural fields dotted with trees. But this is no farmland. This is Adani Green Energy’s (AGEL) ambitious Khavda Renewable Energy Plant, a colossal project spanning 538 square kilometres, five times the
Food delivery platform, Zomato has laid off around 600 customer support executive employees who were hired under its Zomato Associate Accelerator Programme (ZAAP). Sources said that this has been done as the company is increasingly integrating artificial intelligence into its customer service operations. ZAAP, launched last year, was designed to train employees to enhance customer
