Kuku FM, a platform for audio in local languages, saw its revenue soar by 114%, reaching INR 104.1 Cr for the financial year 2024. Although total spending went up by 21% to INR 200 Cr, losses fell to INR 96 Cr. The platform has over 25 million paying users and offers a wide range of audio content.
Apollo Hospitals is set to invest ₹6,100 crore to add more than 3,500 beds in 11 locations by FY26. This plan includes a new 500-bed hospital in Worli, Mumbai, and an expansion in Lucknow. The goal is to improve healthcare access and quality in India.
Swiggy's upcoming IPO is valued at ₹11,327 crore and will open on November 6, 2024. The company wants to take advantage of India's growing digital economy, even though it's currently operating at a loss. Investors are curious if Swiggy can beat its rival Zomato, which has recently gained ground in quick commerce.
A Zomato warehouse in Hyderabad was found storing food items with future packaging dates during a food safety inspection. Key issues included a lack of insect-proof screens and non-compliant food handlers, despite the facility holding necessary licenses.
The Central Board of Indirect Taxes & Customs (CBIC) will require that the production methods for lab-grown diamonds be declared during export and import starting December 1. This rule is meant to improve processing efficiency and support the expanding market, which is expected to reach $5 billion by 2025.
Kanchan Ugursandi, a 32-year-old woman from Jharkhand, has made history as the first biker to reach Lipulekh Pass, standing at 17,500 feet. Her trip, part of the Kailash Mansarovar pilgrimage route, was full of challenges. Kanchan wants to inspire women and support Indian soldiers through her adventures.
Nvidia will take Intel's place on the Dow Jones Industrial Average, marking a big change in the semiconductor world. This shift ends Intel's 25-year run on the index and shows how it's struggling in the market as competition grows and it misses chances in the AI field.
Deloitte is cutting jobs due to falling demand for its services, but it hasn't said how many employees will be affected. The company's revenue in Australia dropped 2.4% to $2.78 billion, showing difficulties in the consulting sector. This move is part of a larger trend of job cuts at major consulting firms like KPMG, EY, and PwC.
Indian companies are cutting back on salary spending, which could affect spending in cities. A report from Nomura shows that real wage growth has slowed a lot. Factors like stricter monetary policies and a drop in demand after the pandemic are playing a role, raising concerns about India's economic future.
In Karnataka's Vijayapura district, a dispute over claims about Waqf land has sparked tensions between the BJP and Congress. Congress minister Zameer Ahmed Khan mentioned that only 23,860 acres are still under Waqf control and denied any land grabs. The BJP accused Waqf of making unauthorized changes to land records, causing worries among farmers about losing their ancestral lands.