Blinkit, a quick delivery service, has launched its Sellers Hub, letting brands sell directly on the platform. Right now, over 200 brands can use it, with more on the way. This step helps Blinkit compete with big online retailers. Zomato, which owns Blinkit, has also raised its platform fee, showing the growth in quick delivery services.
Rapido has teamed up with IndoFast Energy to roll out 10,000 Piaggio electric vehicles with swappable batteries across India. This plan includes setting up over 300 battery swapping stations in Hyderabad and Bangalore by December 2024, making travel more sustainable in these big southern cities.
Zomato has raised its platform fee for food to Rs 10 during the festive season, and Swiggy is doing the same. This change comes as more people are ordering food for celebrations.
Nithin Kamath, the founder of Zerodha, talks about how important it is to manage risk for lasting success in trading. He shares advice from market expert Tom Basso, who believes that keeping an eye on risk is crucial for making profits. Kamath encourages traders to stay aware and disciplined to dodge common mistakes.
In Q2 FY25, Blinkit’s revenue jumped to INR 1,156 Cr, more than doubling from last year. The company reported a 122% rise in gross order value to INR 6,132 Cr. However, its adjusted EBITDA loss grew to INR 8 Cr from INR 3 Cr. Blinkit plans to have 2,000 dark stores by FY26, adding 152 stores in this quarter.
Delhi LG V.K. Saxena told the Supreme Court he regretted the unauthorized cutting down of trees in the Ridge area, claiming he didn’t know permission was needed. The Supreme Court is looking for answers from DDA officials involved in this situation.
State Bank of India raised ₹5,000 crore through AT-1 bonds at a 7.98% interest rate, marking its first bond issuance this financial year. The bonds, rated AA+, drew bids that were more than 3.5 times the initial amount.
The government has called out social media platforms Meta and X for not sharing information about bomb hoax threats aimed at flights. Officials criticized the platforms for not acting properly, suggesting their lack of action is like being part of the problem. Both companies have been told to shut down offending accounts and work better with authorities.
Kerala's Food Safety Department has banned newspapers for wrapping food due to health risks from harmful chemicals and contamination. They urge food vendors to use safe materials to protect customers and prevent illness linked to ink and germs found in newspapers.
GMR Group has raised ₹6300 crore through an eight-year zero-coupon loan from ADIA to pay off loans for its main business. This will help lower finance costs and reduce the number of shares pledged in GMR Airports Limited.