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IPO-bound Swiggy facing INR 327 Crore GST demand
Foodtech giant Swiggy faces potential goods and services tax (GST) liabilities totaling INR 326.7 crore, as indicated in its recently submitted updated draft red...
Swiggy allocates lion’s share of IPO proceeds to expand Instamart dark stores
Swiggy's updated prospectus, filed on Thursday for its initial public offering (IPO), reveals the Bengaluru-based company's plans to continue investing heavily in its quick...
Swiggy’s IPO could net Prosus $500 Mn; founders set to cash out $36 Mn
Swiggy’s largest investor, Prosus, stands to gain over $500 million from the food and grocery delivery firm's upcoming IPO, as it plans to offload...
Zomato’s Co-Founder and CPO Akriti Chopra resigns
Foodtech giant Zomato's co-founder and Chief People Officer (CPO) Akriti Chopra has resigned from the company.In͏͏ an͏͏ exchange͏͏ filing͏͏ with͏͏ the͏͏ BSE,͏͏ the͏͏ foodtech͏͏...
Swiggy’s revenue surpasses INR 10,000 Cr in FY24 as losses nearly halved
IPO-bound Swiggy reduced its losses by 44% for the financial year ending March 31, 2024. The decacorn startup reported a net loss of INR...
Festive season boosts gold and silver prices, experts predict further increases
Gold and silver prices are rising due to strong demand, and this momentum is expected to continue throughout the festival season.In͏͏ the͏͏ current͏͏ financial͏͏...
NCLT slams Dunzo for lack of progress in settling creditor disputes
Reliance Retail-backed hyperlocal delivery startup Dunzo has come under scrutiny from the National Company Law Tribunal (NCLT) for failing to reach a settlement with...
Mul Secrets launches Gut Detox Drink to boost digestion and skin health
Mul Secrets has launched its Gut Detox Drink, the brand's latest addition to its wellness range. Crafted͏͏ with͏͏ a͏͏ focus͏͏ on͏͏ gut health,͏͏ this͏͏...
Peter England strengthens retail presence in Nepal with new store
Peter England, a prominent menswear brand under Aditya Birla Fashion and Retail Ltd, has broadened its retail presence by opening a new flagship store...
Puma names Markus Neubrand as new CFO
Puma, the German sportswear manufacturer, has appointed Markus Neubrand as its new Chief Financial Officer,͏͏ effective͏͏ October͏͏ 1,͏͏ 2024.Neubrand͏͏ will͏͏ succeed͏͏ Hubert͏͏ Hinterseher,͏͏ who͏͏...
MONIN expands retail presence in India with new experiential studio in Mumbai
MONIN, the renowned premium syrup brand, has unveiled its newest experiential studio in Mumbai, bolstering its retail presence in India. Officially͏͏ launched͏͏ on͏͏ 26th͏͏...
McDowell’s launches X Series to tap into India’s evolving cocktail culture
India's hospitality and beverage industry is undergoing notable transformations in consumer preferences, influenced by evolving socializing patterns following Covid. The͏͏ emergence͏͏ of͏͏ Middle͏͏ India͏͏...