Bhavish Aggarwal, Founder and CEO of Ola Electric Mobility said that the company is in line for an initial public offering (IPO) sooner than he imagined. The Indian startup began selling electric scooters in late 2021 and has emerged as the leader in India’s electric-scooter market with a 38 per cent share. Ola, backed by […]
A report by MVIRDC World Trade Center Mumbai has revealed that India meets hardly 1.4 per cent of G-20 import demand, which leaves huge scope to cater to this market. G-20 is one of the most integrated trade bloc as 80 per cent of its imports are sourced from among the member countries. Yet, large […]
Pizza Hut, a quick service restaurant (QSR) chain which had increased its store count to 820 in the last year in India, will continue its “aggressive expansion spree” with a significant commitment to expand its presence in emerging smaller markets, the news agency PTI reported. According to the report, the company is focusing on ‘Gen […]
The rating agency Icra expects demand for the industry to improve by close to ten per cent in volume terms in FY2024 on a yearly basis, primarily gaining through a shift in preference away from Chinese cotton and the expectations of demand improving for the spring, summer season in USA and EU regions. However, an […]
Flipkart has initiated a cash payout amounting to USD 700 million as compensation to its employees following the separation of PhonePe, marking the largest one-time cash payout in the history of Indian startups. CEO Kalyan Krishnamurthy stated in an internal email that each vested ESOP (Employee Stock Ownership Plan) would receive USD 43.67 as compensation, […]
India’s overall exports, both merchandise and services combined, in June 2023 are estimated to be USD 60.09 billion, registering a decline of around 13 per cent from June 2022, official commerce ministry data revealed on Friday. In June 2022, the exports were USD 69.20 billion. Overall imports in June 2023 are estimated to be USD […]
Wholesale inflation in India based on the Wholesale Price Index continued to stay in the negative zone for the third straight month in June, besides hitting a fresh multi-year low. The June wholesale inflation came in at (-) 4.12 per cent against (-) 3.48 per cent in May, as against minus 0.79 the previous month […]
Passengers carried by Indian domestic airlines during January-June 2023 were 760.93 lakhs, as against 572.49 lakhs during the corresponding period of 2022, Directorate General of Civil Aviation (DGCA) said. According to the DGCA, data domestic airlines registered an annual growth of 32.92 per cent and monthly growth of 18.78 per cent. Earlier on June 15, […]
The Laundry Industry is expected to reach USD 70 billion at a compound annual growth rate (CAGR) of 6-7 per cent year-on-year (YoY) basis and yet the industry is highly unorganised and it is dominated by the local dhobis because people don’t have options, however, this scenario is changing, Anurabh Sinha, CEO of UClean in […]
DealShare, an ecommerce platform has announced the appointment of Saurabh Kishore as its new Chief Technology Officer (CTO). In this strategic role, Kishore will spearhead DealShare’s technology initiatives, drive innovation, and contribute to its continued growth and success. The new CTO brings a remarkable background in technology leadership, backed by an exceptional track record. He […]
