inr
Starting with the revolutionary concept of delivering grocery items within minutes, Zomato-owned Blinkit, the market leader in India’s ‘quick-commerce’ (Q-commerce) industry, has broadened its service range. Today, Blinkit delivers not only groceries but also mixer-grinders, ceiling fans, and even printouts of important documents, all with remarkable speed. This expansion into diverse product categories highlights the intense competition within the $2.8 billion market, with rivals like Swiggy’s Instamart and Zepto also vying for a larger market share. Significant investments drive rapid growth...
Invezz
Shares of Vedanta reached a 14-year peak of Rs 438.30, climbing 6% on the Bombay Stock Exchange during Tuesday’s intra-day trade, buoyed by heavy trading volumes. This significant uptick follows the company’s announcement that its board will convene on Thursday, May 16, to discuss a fundraising plan. Alongside these deliberations, the board is set to review the potential distribution of a first interim dividend on equity shares for the financial year 2024-25. Vedanta is currently trading at its highest level since May 2010, with the stock having appreciated by 75% over the past two months. Ved...
Invezz
Tata Motors Limited (TATAMOTORS.NS), the multinational car manufacturer based in Mumbai, India, has had a rough weekend and Monday so far. Shares of Tata were down close to 9% today at the time of this article’s writing, and almost 100 Indian rupees (93,80 INR) since Friday morning – losing close to 10% of the total current share price. But why? Tata’s latest earnings announcedOn May 10, Tata Motors released their Q4 financial results for 2024. The earnings were largely within market expectations, and showed resilience during a challenging quarter, with revenue up 13% to ₹120.0K Cr for the ent...
Invezz
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