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Flipkart receives internal approval to shift domicile from Singapore to India ahead of IPO
Flipkart has reportedly received an internal nod to shift its domicile from Singapore to India in a major move. This development comes in the backdrop...
Amazon India’s head of consumer electronics Ranjit Babu tenders his resignation
In a shock move, the consumer electronics head of Amazon India, Ranjit Babu, has reportedly tendered his resignation. This comes amidst reports of major corporate...
Flipkart’s EOSS kicks off Dec 7 with new app features, fast delivery
Flipkart, one of India's e-commerce platforms, has announced its End of Season Sale (EOSS), which will start from December 7, 2024.Flipkart to feature 10...
Zomato launches ‘Recommendations from Friends’ to enhance user experience
Foodtech major Zomato has launched a new initiative that allows users to get food recommendations from their friends.User to synchronize contact information with ZomatoThe...
HDFC Securities cuts Swiggy rating to ‘reduce,’ raises target price to INR 470
Brokerage firm HDFC Securities has downgraded Swiggy to 'reduce' from 'add', but has increased its target price to INR 470 per share from INR...
Abercrombie & Fitch join forces with Myntra Jabong to tap Indian market
American retail company Abercrombie & Fitch Co has announced a multi-year partnership with Myntra Jabong to expand its global reach in India. Myntra Jabong to...
Crown Basmati Rice, Shryoan Cosmetics enhance market reach via Zepto
The growing quick-commerce market in India is seeing notable participation from brands like Crown Basmati Rice and Shryoan Cosmetics. These brands are leveraging platforms...
Swiggy’s market value climbs to $14.9 Bn as shares reach all-time high
Shares of food tech giant Swiggy surged as much as 11.35% during intraday trading to reach an all-time high of INR 576.95 on the...
Swiggy Instamart reports INR 490 Cr revenue in Q2 FY25, achieves 135% growth
Swiggy's quick commerce business, Instamart, has reported a significant surge in operating revenue, growing 135.7% to INR 490 crore in the quarter ended September...
Swiggy ventures into sports & entertainment with ownership and operations plans
Swiggy, a leading foodtech company, is setting up a new wholly-owned subsidiary that will operate in the sports and recreation activities segment. The company's board...
Swiggy registers INR 625.53 Cr net loss, revenue rises 30% in Q2 FY25
Swiggy, a leading foodtech company, has reported a consolidated net loss of INR 625.53 crore in the September quarter (Q2) of the financial year...
Zomato offers 47.75 Cr equity shares to Foodie Bay ESOP Trust for employees
Zomato has allotted 47.75 crore equity shares to its employee welfare trust, Foodie Bay Employees ESOP Trust. The shares were allotted under various employee stock...