Loan growth was low due to technology upgrades to the platform in H1FY24, though momentum improved in H2FY24.
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More upside in Zomato's stock, but competition also rising
The filing of Swiggy's DRHP has led to direct comparisons with Zomato, which is a direct competitor in food delivery and the fast-growing quick-commerce segment where Blinkit (owned by Zomato) faces off against Instamart (and Zepto). In Q-commerce, Flipkart, Amazon, Reliance and Big Basket are all entering the space. All of them have deep pockets, hence competitive intensity will rise going forward.
India set to join FTSE Russell bond index next year
South Korean bonds to be added to FTSE World Government Bond Index
Mkts erase gains amid sustained FPI selling
India's benchmark indices made positive strides for the second consecutive session on Wednesday, but sustained selling by overseas investors saw them erase their gains.
‘Anxiety as a symptom of anxiety’
Today, as we become our own diagnosticians, a quick Google search is handy but not always warranted. Inevitably, one question leads to an obsessive two hour-long spiral down the rabbit hole that is the internet, whether or not the issue deserves such immediacy. This behaviour is not new, as Caroline Crampton points out in her second book, A Body Made of Glass, although it has been on the rise.
Nomura sees robust growth ahead for domestic AMCS
Forecasts industry AUM to grow at 18% CAGR between FY24 and FY30
The making of AI
Physics Nobel has created a controversy
Unambiguous commitment
MPC wants the disinflation process to be completed
Strategy for GST reforms: Direction and speed
The argument that the tax system has settled and therefore no longer needs reforms is fallacious
Toxic work culture is upwardly mobile
A sewer is the world's least desired workplace. Yet blocked sewers and septic tanks make up the daily place of work for over 700,000 Indians known as manual scavengers, a profession that is officially supposed to be banned in India.
Airbus says deliveries fell 9% in September
Airbus deliveries fell 9 per cent in September to 50 aircraft, compared with the same month last year, the European planemaker said on Wednesday.
