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.
As firms bet big on brand visibility, cumulative advertising and publicity spend of BSE 500 companies hit ₹80,000 crore.
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.
Brokerages remained skeptical about Swiggy’s negative bottomline and cash flows; and intense competition from rivals Zomato, Zepto, and others.
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
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.
The food delivery platform clarified that the fee hike applies to select cities
Zomato continues to remain one of the preferred stocks among new age companies, say brokerages.
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.
The highest-selling by mutual funds was observed in HDFC Bank, RIL, Apollo Hospitals and Infosys shares.
Market lauds new-age firms’ role in the country’s digital transformation, boosting promoter wealth.