BENGALURU: Food delivery platform Swiggy‘s revenue rose 31% to Rs 40,958 crore in Dec quarter compared to same period last year. However, its net loss widened to Rs 799 crore, compared to Rs 574 crore in the year-ago period.The company’s gross order value grew 38% year-on-year to Rs 12,165 crore, tnn Source link
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BENGALURU: Global capability centres (GCCs) are set to surpass IT services companies in hiring tech talent, says a study by HR firm NLB Services. The report says GCCs will witness a two-fold increase in their workforce over the next five years and they are planning to hire 4.5 lakh professionals this year. “By 2030, GCCs are projected to employ approximately …
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In 2022, Ratan Tata established two entities to manage his personal wealth: the RTEF under Section 8 of the Companies Act 2013 and the Ratan Tata Endowment Trust. In light of uncertainty regarding trustee appointments to the Ratan Tata Endowment Foundation (RTEF), Tata stakeholders are considering opting for an arbitrator. A retired Supreme Court chief justice is likely to be …
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A decisive upside breakout of 23,500-23,600 levels could open more upside ahead, says Nagaraj Shetti of HDFC Securities. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened flat in trade on Thursday. While BSE Sensex was near 78,580, Nifty50 was above 23,750. At 9:16 AM, BSE Sensex was trading at 78,585.29, up 1 point or …
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Top stocks to buy (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, Jio Financial Services, Tata Motors and Finolex Industries are the top stock picks for today:JIOFIN: BUY Near ₹235 | Stop Loss: ₹199 | Target: ₹305After a sharp 41% correction from its peak of ₹394, Jio Financial Services …
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ICICI Securities has an ‘add’ recommendation on LIC Housing Finance with a target price of Rs 640 (+11%). Analysts said the company’s margin fell for the third consecutive quarter to an eight-quarter low on the back of pressure on yields. Asset quality metrics, however, continue to exhibit resilience. Given the stock is currently inexpensive, they maintained their ‘add’ rating on …
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Shein, which was founded in China, has restarted its India operations in partnership with Mukesh Ambani-led Reliance Industries. It was banned in 2020 on security fears. Now based in Singapore, Shein’s mobile app and India website, were launched without any fanfare last week by NextGen Fast Fashion – a wholly-owned subsidiary of Reliance Retail Ventures overseen by Isha Ambani. The …
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CHENNAI: Is there a question mark hanging over Ford’s return to India? The American auto major, sources said, was supposed to release detailed plans of its fresh India strategy by Jan but is now reportedly doing a rethink.According to sources with direct knowledge of the matter, the company is currently reconsidering its India plans and will announce its final decision …
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BENGALURU: IBM chairman and CEO Arvind Krishna observed that the AI race is focused on whether bigger models mean better outcomes. Yet, AI systems do not inherently need to consume extensive resources or require substantial investments. “Following IBM’s earnings announcement earlier today, I had a lot of conversation and without fail, DeepSeek came up…. For too long, the AI race …
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MUMBAI: India’s small towns are splurging on luxury shopping – as the growth of e-commerce has democratised access to luxury. Far beyond the metros of Mumbai, Delhi and Bengaluru, home to some of India’s richest, luxury shopping has reached places like Gujarat’s Botad and West Bengal’s Asansol where people are shopping for luxury footwear, watches, apparel and accessories, a report …
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