India Inc On An Ad-renaline Rush!
As firms bet big on brand visibility, cumulative advertising and publicity spend of BSE 500 companies hit ₹80,000 crore.
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November 2024
October 2024
September 2024
Founders realise need for profitable businesses: Peak XV’s Sethi
Emphasising the impact of rising capital costs on profitability and efficiency, Harshjit Sethi, managing director at Peak XV Partners, offers insights into India’s shifting startup landscape.
Loss-making Swiggy’s ₹11,327 cr IPO ‘overvalued’: Brokerages
Brokerages remained skeptical about Swiggy’s negative bottomline and cash flows; and intense competition from rivals Zomato, Zepto, and others.
Zomato Hyperpure warehouse raid: Vendor error caused issue, clarifies Goyal
Zomato CEO Deepinder Goyal clarified concerns about a recent raid at its Hyperpure warehouse in Hyderabad, where items with 'future date of packing' were found
Swiggy to raise ₹11,300 cr at price band of ₹371-390; IPO to open on Nov 6
The IPO is a mixture of a fresh issue of shares worth ₹4,500 crore and an offer for sale of ₹6,800 crore by existing shareholders.
Zomato hikes platform fee to ₹10
The food delivery platform clarified that the fee hike applies to select cities
Why brokerages are bullish on Zomato post Q2
Zomato continues to remain one of the preferred stocks among new age companies, say brokerages.
Zomato profit zooms to ₹176 cr; to raise ₹8,500 cr via QIP
Segment-wise, the company’s food ordering and delivery business grew 30% from ₹1,546 crore to ₹2,012 crore, while the Hyperpure B2B business nearly doubled its revenue from ₹745 crore to ₹1,473 crore.
MFs buy equities worth ₹35,600 cr in Aug; Zomato, TCS, Trent, Maruti among top picks
The highest-selling by mutual funds was observed in HDFC Bank, RIL, Apollo Hospitals and Infosys shares.
Tech Start-ups Come Of Age
Market lauds new-age firms’ role in the country’s digital transformation, boosting promoter wealth.
