Flipkart on Wednesday said that it will begin offering free same-day delivery of items across many categories in February. The facility would initially be offered in 20 cities, including Delhi, Bengaluru, Mumbai, Chennai, Guwahati, Ludhiana, Nagpur, Siliguri, Vijayawada, and Coimbatore, according to a statement from the Bengaluru-based firm. Products across categories like mobile phones, fashion, beauty products, […]
Domino’s Pizza, which is run in India by Jubilant FoodWorks Ltd (JFL), has joined the Open Network for Digital Commerce (ONDC) network, the food services firm said on Tuesday. Domino’s catalogues will now be visible on numerous applications throughout the network, allowing for smooth purchases, the company said. Customers in the Delhi NCR may already […]
Swiggy, a food and grocery delivery company, reported a 45 per cent increase in operational revenue to Rs 8,265 crore in the fiscal year ending March 2023, while its net loss increased by 15 per cent to Rs 4,179 crore. The Prosus-backed business, which is presently preparing for an initial public offering (IPO), invested extensively during the […]
JSW Paints, an unlisted subsidiary of diversified conglomerate JSW Group, said on Tuesday that its revenues reached Rs 1,500 crore in the first nine months of FY24 and that it expects to become profitable in the current fiscal year. According to an official release, the business expects to complete FY24 with a topline of more […]
H&M on Friday said that it plans to close down more than a quarter of its stores and lay off as many as 588 workers in Spain, Reuters reported. The company will lay off employees for undisclosed organisational, productive, and economic reasons, according to a joint statement from unions CCOO and UGT. H&M operates 91 […]
Apple’s smartphone shipments in China fell 2.1 per cent in the fourth quarter of 2023 compared to the same time a year ago, hampered by increased rivalry from local rivals headed by Huawei, according to IDC statistics released on Thursday. The reduction highlights the hurdles that the US business has in its third-largest market, as […]
The cement industry, spurred by rising demand in infrastructure and housing, is set for a significant capacity expansion, aiming to add 150-160 million tonne (MT) from FY25 to FY28, according to a report by Crisil Ratings. Over the past five fiscal years, the industry has already augmented its capacity by 119 MT annually, reaching a […]
Tesla has notified suppliers that it intends to begin manufacturing a new mass-market electric car named “Redwood” in mid-2025, according to four people familiar with the topic, the Guardian reported. Elon Musk, Tesla’s CEO, has long piqued fans’ and investors’ interest in affordable electric vehicles and self-driving robotaxis, which are likely to be built on […]
In a strategic move to cut losses and enhance profitability ahead of its anticipated public listing later this year, Swiggy, the popular food and grocery delivery platform, is reportedly contemplating doubling its platform fee on food orders. The proposed increase would see the platform fee surge from the current Rs 5 to Rs 10 per […]
Hindustan Unilever (HUL) is expected to have a stable performance in Q3FY24 results, with market volumes recovering to mid-single digit level compared to their base period figures due to continued market share. The company showed a decent performance in Q2FY24 with topline and volumes improving, although it missed targets due to unseasonal rains and delayed […]
