Swiggy’s Financial Performance in FY 2023-24 Food delivery giant Swiggy has reported a significant growth in its financial performance for the fiscal year 2023-24. The company recorded a remarkable 36% increase in revenue, reaching Rs 11,247 crore, compared to Rs 8,265 crore in the previous fiscal year. More impressively, Swiggy’s losses have notably reduced by ...
Expansion Plans of Shriram Finance: A Major Fundraising Initiative Shriram Finance, a prominent Non-Banking Financial Company (NBFC), has announced ambitious plans to raise a significant amount of one billion dollars (approximately ₹8,300 crore) from international sources within the next six months. This strategic move aims to bolster the company’s business expansion initiatives, catering to the ...
BigBasket Merges BBdaily into Main App to Enhance Quick Commerce In a strategic move to consolidate its offerings and strengthen its position in India’s rapidly evolving quick commerce landscape, BigBasket, a subsidiary of the Tata Group, has announced that its subscription service BBdaily will be fully integrated into the main BigBasket app within the next ...
Direct Flights from Uzbekistan to Goa: A New Gateway for Tourism In an exciting development for travel enthusiasts, Uzbekistan Airways has announced the launch of a direct flight route connecting Tashkent to the beautiful coastal paradise of Goa. Set to commence on October 27, 2024, this weekly service will operate two days a week, significantly ...
Byju’s Faces Auditor Resignation Amidst Financial Crisis The Edtech giant Byju’s is currently grappling with a significant crisis as its auditor, BDO (specifically MSKA & Associates), has resigned from its role. BDO was initially appointed to audit Byju’s and Aakash Educational Services for five years, starting June 2023. This resignation follows the previous departure of ...
Payment Companies Face GST Demand Notices Over Transaction Fees In recent developments, several prominent payment companies, including BillDesk and CCAvenue, have received Goods and Services Tax (GST) demand notices from authorities. These notices pertain to the fees charged by these companies from merchants for digital transactions that are less than Rs 2,000. As reported by ...
A Joyous Arrival in Bollywood: Deepika Padukone and Ranveer Singh Welcome Their Baby Girl On the auspicious occasion of the Ganpati festival, Bollywood’s beloved power couple, Deepika Padukone and Ranveer Singh, has welcomed a new member into their family. Reports indicate that Deepika gave birth to a baby girl on September 8. Although there hasn’t ...
Adani Group Expands Global Presence with New Subsidiaries The Adani Group, a multi-faceted conglomerate based in India, is intensifying its global operations by establishing a new subsidiary in China, named Adani Energy Resources (Shanghai) Company (AERCL). This strategic move, announced on September 8, 2024, comes as a significant step in the group’s ongoing efforts to ...
Upcoming Federal Reserve Meeting: A Critical Juncture for U.S. Economy The Federal Reserve (Fed), the central banking system of the United States, is set to convene for a significant monetary policy meeting on September 17-18, 2023. With current economic indicators suggesting a slowdown in growth and low inflation, economists and investors alike are keenly anticipating ...
