Here are the key factors that may steer the market going ahead:
Q1 earnings: The June quarter earnings season will gather pace now. A number of large companies from banking, auto and IT sector will announce their numbers this week. They include HCL Tech, Bajaj Finance, Asian Paints, Bajaj Finserv, Jubilant Foods, HUL,
Reliance Industries, JSW Steel, YES Bank and
IPO listing
Two companies road sector contractor GR Infraprojects and specialty chemical company Clean Science & Technology will debut on Monday. Both names generated huge interest from primary investors during the book building round. Their shares are trading at around 55-60 per cent premium in the grey market, signaling strong listing gains.
Market Wrap Podcast, June 15: Here s all that happened in the markets today business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Pizza company Domino’s India suffered a data breach in April that contained 180 million customers’ order records, and a data dump weighing in total of 13TB data dump. Now that data has come to the fore in terms of a searchable portal.
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The foodtech market in India was valued at INR 289.36 Bn in 2019 and is expected to reach INR 1,868.19 Bn by 2025, expanding at a compound annual growth rate (CAGR) of ~39% during the 2021 - 2025 period.
The foodtech market in India is an emergent but fast-growing market that has experienced remarkable growth from 2015 onwards. The majority of the key players are startups and are at nascent stages of growth.
Some of the main players that operate in the market in India are Swiggy, Zomato, BigBasket, Jubilant Foods, Freshmenu, and Licious.
Market insights:
Rapid urbanization, growth in the number of working youth, and increased adoption of the internet and smartphones are a few of the significant factors that propel market growth. Lucrative offers and discounts provided by various aggregators on their apps and the ease of doorstep delivery are further driving the market. However, the dominance of unorgan