CATEGORIES

Cashify eyes growth with D2C play

Refurbished electronics seller Cashify is aiming for profitability in the next few months by focusing on direct-to-consumer (D2C) sales through its physical stores and website, rather than selling to merchants. This shift in strategy has already yielded significant improvements in margins and reduced losses.

Swiggy targets 100K female delivery partners by 2030

Swiggy plans to have at least 100,000 female delivery partners by 2030, according to company MD and group CEO Sriharsha Majety.

SaaS firm LeadSquared looks to turn profitable by FY26

LEADSQUARED, a Bengaluru-based SaaS unicorn, is setting its sights on profitability by FY26, despite past challenges stemming from the downturn in the edtech sector.

Rise in active mobile users indicates tariff hike absorption

THE INDUSTRYWIDE addition of 6.8 million active users in October 2024 suggests that the industry has more or less absorbed the tariff hikes taken in July this year, experts said analysing the latest telecom subscriber data released by the Telecom Regulatory Authority of India (Trai).

Ola enters grocery delivery biz again

THIRD TRY

inDrive eyes last-mile delivery

Plans to leverage logistics expertise

IndiQube files draft papers for ₹850-cr IPO

BENGALURU-BASED INDIQUBE, which provides co-working and managed office spaces, has filed its draft papers with the regulator for an initial public offering to raise ₹850 crore.

Gift voucher: Clarity on GST spurs optimism

THE GST COUNCIL'S decision to exempt gift vouchers from indirect taxation has brought much-needed clarity to the retail and corporate sectors, with industry leaders lauding it as a significant step forward.

Coforge working on 30 GenAI use cases in insurance, 10 live

IT SERVICES COMPANY Coforge is actively working on over 30 generative AI (GenAI) use cases within its insurance vertical, with 10 already in production.

Logistics leasing to hit 50 mn sq ft

LOGISTICS & INDUSTRIAL (L&I) real estate leasing volume for 2024 is expected to reach 50-53 million square feet (MSF), marking the third consecutive year with leasing volume exceeding 50 million sq ft, according to a report by property consultant Cushman & Wakefield.

Emerging tech sectors stake claim on 600 MHz spectrum

Allocation should not be beyond a point, say telcos

Happiest Minds sees slower FY25 revenue growth

HAPPIEST MINDS TECHNOLOGIES anticipates its revenue growth for fiscal 2025 to be at the lower end of the guided range of 30-35%, Venkatraman Narayanan, managing director and CFO of the company said.

Duty-free import of yellow peas till Feb

The government on Tuesday extended duty-free import of yellow peas, used as substitute of chana, for two more months till the end of February, with the aim to curb prices of the key pulses variety.

Exporters draw up plans to raise share in US market

IN ANTICIPATION OF the US going ahead with higher tariffs on Chinese imports, the Federation of Indian Export Organisations (FIEO) has formulated a strategy to raise its share in the US market.

Kirana body seeks technology support for e-comm challenge

THE FEDERATION OF Retailer Association of India on Tuesday asked the government to provide enhanced technology platform to Kirana stores to enable them to compete with quick commerce firms.

Laptop import nods may be tied to capacity growth

BOOSTING DOMESTIC MANUFACTURING

Unincorporated sector generates 11 mn jobs

SMALL FIRMS MAKE BIG CONTRIBUTION

Household liabilities rise to 6.4% of GDP in FY24

THE COUNTRY'S ECONOMIC growth trajectory will likely pick up in the second half of the current financial year, driven by domestic private consumption and a sustained revival of rural demand, the Reserve Bank of India (RBI) said in its monthly bulletin released on Tuesday.

Mining sector gets a leg-up, import reliance down

INDIA'S MINING INDUSTRY took a long stride this year supported by government policies in the critical minerals mining as it intends to boost domestic production, reducing dependency on imports and helping in realising the renewable energy targets.

Rabi sowing a tad below last year's level; oilseed cultivation down 5.5%

WITH JUST A few weeks left for the rabi season to be over, sowing of winter crops such as wheat, pulses, oilseeds, and coarse cereals has been a tad below last year's level so far as the area under oilseeds have declined.

The year AI took centrestage

The debate if it is a blessing or a Frankenstein rages on

Shyam Benegal, pioneer of parallel cinema, dies

JUST WHEN MAINSTREAM Hindi cinema stepped into an exciting new phase with the rise of the 'Angry Young Man' in the '70s, Shyam Benegal made a stunning debut as the writer and director of Ankur (The Seedling, 1974), propelling the parallel cinema movement in India.

Honda, Nissan on merger road

SMALLER MITSUBISHI MOTORS, in which Nissan is top shareholder, was also considering joining and would make a decision by the end of January, the companies said.

Toyota-Suzuki pact should be the template in India

ANALYSTS SAID THAT for the Indian market, auto firms can't afford to be just in segments like petrol and diesel.

For IT firms, it's a mixed blessing

\"DESPITE CURRENCY PRESSURES, the sector's growth is underpinned by strong demand, particularly in cloud and AI-driven transformation projects,\" said an industry analyst. \"The rupee depreciation will act as a margin tailwind, though the exact impact depends on factors such as hedging policies and off-shoring levels,\" an analyst from a domestic brokerage said.

Now, Musk wants you to pay 'X-tra' as premium plans

ELON MUSK-OWNED social platform X has increased the price of its premium-plus plan in several markets starting December 21, as the company aims to boost creator payments.

UK insurer Aviva to shed up to 2,300 jobs in $4.65-billion deal

COMBINED COMPANY WILL SHED BETWEEN 5-7% OF ITS TOTAL WORKFORCE

Noel Tata: From shadows to spotlight

THE NEW CHAIRMAN of Tata Trusts, however, has done enough to remove the earlier perception of \"lack of exposure\".

US launches new probe into legacy Chinese chips

THE BIDEN ADMINISTRATION announced on Monday a last-minute trade investigation into older Chinese-made \"legacy\" semiconductors that could heap more U.S. tariffs on chips from China that power everyday goods from autos to washing machines to telecoms gear.

Govt schools can fail class 5, 8; no-detention policy ends

THE CENTRE HAS scrapped the no-detention policy in schools governed by it, including Kendriya Vidyalayas and Jawahar Navodaya Vidyalayas, allowing students of Classes 5 and 8 to be held back from the ongoing academic session.