Flipkart is experiencing strong momentum with 20–25% year-on-year order growth in May, despite an industry slowdown. CEO Kalyan Krishnamurthy highlighted the firm’s India re-domiciling move, profitability push, and 30% projected June growth. He also reaffirmed that Flipkart’s quick commerce venture,…
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Zepto’s GOV is set to surpass Rs 2,400 crore in May, up 220% year-on-year, with an annualised run rate of $3.4 billion. It trails Blinkit’s $4.4 billion but outpaces Instamart’s $2.2 billion. Zepto has also reported improved Ebitda and reduced…
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The study, which gathered insights from over 750 leaders across 38 countries, representing technology, healthcare, finance, legal and other industries, said that RAI fosters trust among customers, employees, and stakeholders while helping to manage risks and maintain accountability. McKinsey evaluated…
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The government of India on Tuesday announced the restoration of benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for exports made by Advance Authorization (AA) holders, Export-Oriented Units (EOUs), and units operating in Special Economic…
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US-INDIGO-India’s IndiGo co-founder to sell part of stake in deal worth $800 million, media report says
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The Reserve Bank of India has instructed finance companies to exclude default loss guarantees (DLGs) from fintech firms when provisioning for stressed loans, impacting digital lending service providers. NBFCs must now make full provisions on these loans, diminishing their appeal…
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