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Relaxo Footwears suffers loss, profit slumps to INR 37 Cr in Q2 FY25
Relaxo Footwears' profit dropped 17% in the second quarter. The company made INR 37 crore ($4.4 million), down from INR 44 crore during the...
Amazon Seller Services reports 14.5% revenue increase to INR 25,406 Cr, reduces loss
Amazon Seller Services saw a 14.5% increase in operational revenue for the year ending March 31, 2024, which helped reduce its loss after tax....
Zomato and Swiggy deny alleged competition law violations by CCI
Food tech majors Zomato and Swiggy have denied recent claims that they violated competition laws, following an investigation by the Competition Commission of India...
Zomato launches ‘Food Rescue’—buy cancelled food orders at a discount
Foodtech major Zomato has introduced 'Food Rescue', a feature that lets users buy cancelled food orders from nearby areas to help reduce food waste.Food...
Meesho registers reduction in net loss by 81.8% to INR 304.9 Cr in FY24
Meesho's net loss significantly decreased by 81.8% to INR 304.9 crore in the financial year 2023-24, from INR 1,675 crore in the previous year....
Delhivery grants above 11 lakh equity shares under ESOPs plans
Delhivery has awarded 11.21 lakh stock options to employees under three ESOP plans. The company's board approved the grant, allowing employees to convert options...
Bengaluru-based John Distilleries targets INR 2,500 crore net revenue in five years
Bengaluru-based liquor maker John Distilleries Ltd (JDL) expects to reach INR 2,500 crore in net revenue within five years, driven by expansion, premiumization, and...
Hershey lowers growth forecast due to impact of price hikes
Hershey, a leading chocolate manufacturer, lowered its annual revenue and profit forecasts after missing Wall Street's third-quarter expectations on Thursday, November 7. The repeated...
Star Localmart eyes retail expansion with 3000 stores in next five years
Star Localmart, part of the Sanjay Ghodawat Group, plans to expand to 130 stores by March 2025. Over the next 5 years, they aim...
Orkla India, parent of MTR Foods, eyes expansion with local spice businesses
Orkla India, the parent company of MTR Foods and Eastern Condiments, is seeking partnerships with local spice and masala businesses to strengthen its presence...
Elan Group partners with AS Hotels to introduce luxury hotel Ramada Encore by Wyndham
Gurugram-based Elan Group has collaborated with AS Hotels & Residences Private Limited to launch Ramada Encore by Wyndham, a luxury hotel, at Elan Miracle...
Zomato CEO Deepinder Goyal addresses flirty notifications on The Kapil Sharma Show
The Great Indian Kapil Show will soon welcome two surprising guests—Zomato CEO Deepinder Goyal and his wife Grecia Munoz, along with Infosys founder Narayana...