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.
PhonePe, supported by Walmart, has grown from a simple UPI app into a major tech player with impressive revenue. For the financial year 2024, it made over INR 5,000 crore, becoming the second Indian startup to hit this mark. PhonePe's leadership mixes different management styles, helping it efficiently expand into various financial services.
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.
Meta India's net profit jumped 43% to Rs 505 crore in FY24, thanks to a 24% rise in gross ad revenue, which hit Rs 22,730.7 crore. The company’s revenue from operations grew by 9.3% compared to the previous year, showing strong growth in online advertising as more people in India go digital.
BYD's new eMAX 7 MPV is a big step forward for its operations in India, mixing comfort and tech. With a starting price of ₹26.9 lakh, it's aimed at both individual buyers and fleet operators. The eMAX 7 boasts a roomy interior, easy-to-use touchscreen controls, and a great range, setting it up to compete with popular models like the Innova.
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.
Big tech companies are getting ready to spend more than $200 billion this year on artificial intelligence. Firms like Amazon, Microsoft, Meta, and Alphabet are ramping up their investments, showing they believe AI will be profitable in the long run, despite earlier concerns from Wall Street.
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.