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Zomato's Q4 loss narrows, revenue grows as food delivery scenario improves

Finance

19 May, 2023

Zomato's Q4 loss narrows, revenue grows as food delivery scenario improves

Food delivery platform Zomato narrowed its net loss for the quarter ended 31 March 2023 to Rs 188.2 crore against ......

Billionaire real estate and stressed assets investor Sam Zell dies at 81

People

19 May, 2023

Billionaire real estate and stressed assets investor Sam Zell dies at 81

Billionaire Sam Zell, who built a real estate empire and was known for his bets on distressed assets, died at ......

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PhonePe elevates senior exec to head insurance business

People

19 May, 2023

PhonePe elevates senior exec to head insurance business

India’s biggest fintech startup in terms of UPI transactions, PhonePe, which recently shifted its domicile to India ......

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Grapevine: Byju's US arm accused of hiding $500 mn; Infibeam unit plans listing

General

19 May, 2023

Grapevine: Byju's US arm accused of hiding $500 mn; Infibeam unit plans listing

Lenders have accused Byju’s US-based entity of hiding $500 million as part of a fight between creditors and the edtech......

Indians bought goods worth $44.5 bn in FY23; one in three active e-shoppers

Consumer

19 May, 2023

Indians bought goods worth $44.5 bn in FY23; one in three active e-shoppers

Indians bought products worth $44.5 billion from e-tailers in the financial year 2022-23 as e-commerce platforms expand ......

Swiggy's food delivery biz turns profitable, excluding ESOP costs: CEO

TMT

18 May, 2023

Swiggy's food delivery biz turns profitable, excluding ESOP costs: CEO

Foodtech unicorn Swiggy on Thursday said its food delivery business, which accounts for the majority of its revenue, has......

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Bottomline: Elevar, Faering PE-backed Bike Bazaar Finance nears break-even

TMT

18 May, 2023

Bottomline: Elevar, Faering PE-backed Bike Bazaar Finance nears break-even

Pune-based Bike Bazaar Finance, which focuses on financing pre-owned as well as new two wheelers and counts investors ......

Premium
Grapevine: Blackstone plans buyout; Waaree, Vedanta, Whatfix in funding news

General

18 May, 2023

Grapevine: Blackstone plans buyout; Waaree, Vedanta, Whatfix in funding news

Private equity firm Blackstone is set to acquire a diamond grading firm at an enterprise value of $500-550 million, a ......

Hinduja Group chairman SP Hinduja dies at 87

People

18 May, 2023

Hinduja Group chairman SP Hinduja dies at 87

Srichand Hinduja, the Indian-born billionaire leader of a global business empire and the patriarch of Britain's ......

Beleaguered Future Retail gets six bids under resolution process

Consumer

17 May, 2023

Beleaguered Future Retail gets six bids under resolution process

Debt-ridden Future Retail Ltd said on Wednesday it had received bids from six applicants in its insolvency resolution ......

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