boAt, a leading consumer electronics company known for its audio devices, narrowed its losses by 47% in FY24, reducing them from ₹101 crore to ₹53.5 crore. Despite facing a 5% drop in revenue, bringing it down to ₹3,122 crore from ₹3,285 crore in FY23, the company managed to control costs and strengthen its EBITDA, showing […]
boAt cuts losses by 47%, revenue holds steady at ₹3,122 crore in FY24 Read More »
In the Fairwork India Ratings 2024, mobility giants Ola, Uber, and logistics firm Porter scored zero points, indicating the worst working conditions for gig workers among the platforms assessed. The report, compiled by IIIT-Bangalore and Oxford University, examined 11 major platforms across sectors like transportation, logistics, and food delivery, including Amazon Flex, Swiggy, Zomato, and
Ola, Uber, and Porter rank lowest in Fairwork India Ratings 2024 Read More »
India has become the largest market for AI mobile application adoption, accounting for 21% of global downloads in the first eight months of 2024, as reported by Sensor Tower. Over 2.2 billion downloads were recorded worldwide during this period, with popular AI apps like ChatGPT, Microsoft Copilot, and Google Gemini driving this surge. Despite India’s
India leads global AI app market with 21% of downloads in 2024 Read More »
The World Bank has revised its South Asia growth forecast for 2024 upward to 6.4%, up from the earlier estimate of 6.0%, driven by strong domestic demand in India and quicker-than-expected recoveries in countries like Sri Lanka and Pakistan. India’s economic growth forecast for the fiscal year ending in March 2025 was raised to 7%,
World Bank raises South Asia growth forecast to 6.4%, citing strong Indian demand Read More »
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained the repo rate at 6.5% for the tenth consecutive meeting on October 9, 2024, with five out of six members voting in favor of the status quo. However, the MPC unanimously shifted its policy stance from “withdrawal of accommodation” to “neutral”, allowing
RBI holds repo rate at 6.5%, shifts stance to neutral Read More »
India and the United Arab Emirates (UAE) are set to create a food corridor with an investment of $2 billion aimed at catering to the UAE market and beyond, while also benefiting Indian farmers and generating employment, announced Union Minister Piyush Goyal. During the 12th India-UAE High-Level Task Force on Investment, Goyal revealed that a
According to the Annual Survey of Industries (ASI), the computer, electronics, and optical products sectors have recorded the highest employment growth between the pre-pandemic period (2019-20) and 2022-23. The total number of people employed in these sectors surged nearly 50%, growing from 283,000 to 425,000. This was followed closely by the furniture sector, which saw
Computer, Electronics sectors lead employment growth post-covid: ASI data Read More »
Reliance Retail, India’s largest retailer, has officially stepped into the quick commerce market, taking on established players like Blinkit (owned by Zomato), Swiggy Instamart, and BigBasket. The company launched its services through JioMart, starting in Navi Mumbai and Bengaluru, signaling its intent to disrupt this fast-growing segment, according to The Economic Times. Initially focusing on
Trent, led by Noel Tata, has introduced a new retail concept called Zudio Beauty, entering the affordable beauty market. Competing with brands like Elle18, Sugar Cosmetics, Health & Glow, and Colorbar, Zudio Beauty is poised to capture growing demand for reasonably priced beauty products, especially as other players like Reliance and Nykaa focus more on
Tata Group enters mass beauty market with launch of zudio beauty Read More »
Uber has launched Uber Pet in Bengaluru, a new service allowing users to travel with their pets, such as cats and dogs, in a convenient and pet-friendly way. The service is designed for those quick trips to the vet, or for outings to pet-friendly cafes, ensuring a smooth and stress-free journey for both pets and
Uber Pet launches in Bengaluru: A new way to travel with your pets Read More »
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