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.
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.
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.
Stockbroking firm Groww reported a 119% revenue jump to Rs 3,145 crore for FY24. Despite this growth, the company faced a net loss of Rs 805 crore because of a one-time tax payment after moving its headquarters to India. Groww still posted an operating profit of Rs 535 crore, showing it can be profitable in its core business. The company is also expanding its services, attracting over 10 million active investors.
A Gartner report predicts that by 2026, one in five organizations will use AI to simplify their structure, which could lead to cutting more than half of middle management jobs. While AI can boost productivity and lower costs, it also brings up worries about job security and employee morale.
Jensen Huang, the CEO of Nvidia, has made it into the top 10 of Forbes' billionaire list for the first time, with a net worth of $124.1 billion. His wealth jumped by $3.6 billion after Nvidia's stock price rose, highlighting a key moment in the world of generative AI.