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Zomato to raise INR 8,500 Cr via QIP in December
Food delivery giant Zomato is planning to launch a INR 8,500 crore qualified institutional placement (QIP) in December 2024, depending on market conditions.Morgan Stanley...
FirstCry narrows loss to INR 62.85 Cr, revenue jumps 26.7%
FirstCry, a leading kids-focused omnichannel retailer, reported a significant reduction in its consolidated net loss for the second quarter of FY25. The company's net...
Rise of quick commerce is challenge to retailers, will become political issue – Uday Kotak
Kotak Mahindra Bank founder Uday Kotak has sounded a warning that the rapid growth of quick commerce trade poses a significant challenge to traditional...
Delhivery net profit surges to INR 10.2 Cr, revenue sees 8.1% jump in Q2
Delhivery, a leading logistics company, reported a consolidated net profit of INR 10.2 crore in the September quarter of FY25, marking its second consecutive...
FMCG growth sluggish due to rising housing cost and lower wage in urban areas – Britannia
Britannia Industries' executive vice-chairman, Varun Berry, revealed that metropolitan cities hindered the fast-moving consumer goods (FMCG) market growth in the previous quarter.Housing cost is...
Mamaearth’s parent company Honasa registers loss of INR 18.57 Cr, revenue declines 6.9%
Honasa Consumer Ltd, the parent company of popular FMCG brands Mamaearth and The Derma Co, reported a consolidated loss of INR 18.57 crore for...
Blackstone to acquire 20% stake in Haldiram’s snacks for $8 Bn
Blackstone has revised its plans to acquire a stake in Haldiram's snacks business, dropping its initial bid for a 75% stake. The private equity...
Indri single malt maker Piccadily Agro to invest INR 1000 Cr for expansion, capacity building
Piccadily Agro, the producer of Indri single malt and Camikara rum, has announced a INR 1,000 crore investment plan to expand its operations.Piccadilly Agro...
Del Monte Foods merges with Agro tech Foods in INR 1,300 Cr deal
Agro Tech Foods Limited (ATFL), backed by Samara Capital and Convergent Finance, has acquired Del Monte Foods Private Limited (DMFPL) in a INR 1,300...
Kalyan Jewellers reports 3.3% decline in Q2 net profit to INR 130.32 Cr
Kalyan Jewellers India has posted a 3.3% decline in consolidated net profit to INR 130.32 crore for the second quarter (Q2) ended September 2024....
Physics Wallah appoints Amit Sachdeva from Blinkit as CFO ahead of IPO
Physics Wallah, an edtech unicorn, has strengthened its leadership team by appointing Amit Sachdeva, former Blinkit executive, as its new Chief Finance Officer (CFO)....
CCI to move SC over competition law violations by Amazon, Flipkart
India's antitrust regulator, the Competition Commission of India (CCI), is considering taking its case against Amazon and Flipkart to the Supreme Court.High Courts receive...