Zomato is seizing an 8% stake in kitchen appliance maker Byondnxt for INR 6,000. This comes after a net profit plunge of 30% in Q2 FY25. Byondnxt specializes in inventive kitchen solutions and was established by Eshwar Vikas.
An Army jawan in Nagpur was apprehended for allegedly slaying his girlfriend and encasing her body with cement, echoing the plot of the film Drishyam. The victim, 32, vanished on August 28, prompting a chilling investigation that unveiled betrayal and a meticulously orchestrated crime.
Jammu and Kashmir's apple industry encounters hurdles despite its economic significance. Cold storage deficits, rivalry from imports, and infrastructure dilemmas jeopardize local growers. The region must adopt organic farming and bolster policies to champion apple production, safeguarding farmers' livelihoods and enhancing market stability.
Deepinder Goyal, the CEO of Zomato, is venturing into a new project with his startup, Continue. The company is designed to be your go-to health partner, focusing on a range of health and wellness services.
Blinkit, the quick delivery service under Zomato, is rolling out express dark stores to deliver high-value items like air purifiers and jewelry in just 30 minutes. This move is all about upping the average order value and going head-to-head with giants like Flipkart and Amazon as the quick delivery scene heats up.
Prime Minister Narendra Modi has landed in Russia for a two-day trip to join the 16th BRICS Summit in Kazan. This year’s summit is a big deal, with new members like Iran and the UAE joining the crew. Modi is all set to chat with Russian President Putin and other leaders about pressing global issues, aiming to boost multilateral cooperation.
Afcons Infrastructure has set its IPO price band at ₹440-463 per share, opening from October 25 to 29. The IPO size has been reduced to ₹5,430 crore, with a focus on debt repayment and capital expenditures, amid a recent credit rating downgrade. The company has a strong order pipeline, including major projects like the Mumbai-Ahmedabad bullet train tunnel.
Allied Blenders and Distillers Limited (ABDL) has teamed up with Roust Corporation to roll out Russian Standard Vodka in India. While this partnership aims to dive into the booming vodka market, ABDL's stock took a 3.11% dip after the announcement.
Waaree Energies Limited's IPO kicked off with a bang, attracting 4.76 crore bids for 2.11 crore shares on offer, resulting in a 2.26x subscription. Non-Institutional Investors led the way, while Qualified Institutional Buyers weren't as eager. The offering is open until October 23, 2024.
India's retail distributors are pushing the antitrust authority to look into Blinkit, Swiggy, and Zepto for what they claim are predatory pricing tactics that threaten local retailers. Quick commerce is booming, but it might be messing with the traditional distribution game.