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Central to the new Zomato growth menu is Blinkit (formerly Grofers), the quick commerce company Goyal bought for a substantial Rs 4,447 crore in June 2022. That was a big bet at a time when the Zomato stock was floundering, and the investors had to be convinced the deal was worth going for despite the steep asking price. But Goyal went with his instinct and picked up Blinkit, which today is one of the key reasons why it is racing towards what could be its first full year of profits. - Issue Date: Mar 03, 2024 ....
The trend then is long-term bullishness with short-term volatility. Amid this choppiness, Indian bellwether companies have, by and large, fared well, and held their ground as far as market performance is concerned. The BT500, the much-awaited ranking of India’s most valuable companies where we rank the Top 500 in terms of their average market capitalisation (m-cap) reflects this. - Issue Date: Dec 10, 2023 ....
The $3-billion Indian online gaming industry was growing smartly. Then came the onslaught in the form of the 28 per cent GST from the government. What this has done is throw the gaming industry which has also spawned unicorns into disarray, with many of them looking to downsize in the wake of the tax burden that they feel makes their operations unviable. - Issue Date: Oct 29, 2023 ....
It started with Shamrock Shakes and Mickey Mantle. Now the Ronald McDonald House Charities of the Four States is celebrating 25 years helping more than 3,800 families. ....
With a new CEO at the helm, the country's largest airline is leveraging its 'ecosystem' and a go-global strategy to retain its leadership position, even as competition heats up and it faces several other challenges - Issue Date: Oct 30, 2022 ....