E-commerce player Meesho, backed by marquee investors like SoftBank Group and Meta Platforms, will look at an initial public offering (IPO) only in 2025, and till then, its focus will be on generating profits after tax and not just on being Ebitda (earnings before interest, tax, depreciation and amortisation)-positive, top sources in the company told Business Standard in New Delhi. In a clear shift of strategy, the company, which has reduced its cash burn by 85 per cent, is now looking to trim its annual revenue growth target to 40 per cent from the 100-plus per cent earlier. The sources, however, said even this level of growth was far higher than that of most e-commerce companies.
Indonesia are at the top of group A while Mongolia are at the bottom. In Group B, Malaysia are on top of the table.
'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'
When Home Minister Amit Shah, who was in Gujarat to cast his vote in the urban body polls, learnt of the poor voter, instead of heading home he went to the Motera stadium, organised a control room, and was on the phone with practically everybody assigned duty on the ground: MPs, MLAs and BJP office-bearers. His single commandment was to check the voter list and phone or personally get people to the booths, reports Radhika Ramaseshan.
The Green Comet -- Comet C/2022 E3 (ZTF) -- which last passed by Earth about 50,000 years ago. is expected to be most visible to stargazers this week.
Amol Palekar tells Patcy N/ Rediff.com how he captured Kishori Amonkar's life in his documentary called Bhinna Shadaj.
Prime Minister Narendra Modi on Thursday asked his Council of Ministers to make extra efforts for effective implementation of public welfare schemes at the ground level and work on new ideas in their ministries ahead of the budget.
The last time England toured India, back in early 2021, Joe Root's team went back home beaten and bruised 3-1.
It is the third time Genzebe Dibaba, 25, has broken a world record in Stockholm, having previously set new marks for the 3,000 and 5,000 metres at the Ericsson Globe Arena in the Swedish capital
Race Across America -- which spans a little over 3,000 miles, from the west coast of the US to its east -- is often called the toughest race in the world. Indian cyclists are now returning multiple finishes at RAAM including podium positions within age categories, discovers Shyam G Menon.
It's an action-packed menu on OTT this week.
When the earthquake ended late on Friday, September 8, 2023, villages and towns carved into the Atlas Mountains lay devastated, with hundreds dead, countless homes ruined beyond repair.
Jasmer Singh was attacked by 30-year-old Gilbert Augustin after their vehicles collided in Queens in New York last Thursday.
It was lovely to enjoy the magical atmosphere of celebrating the spectacular accomplishments of extraordinary men and women who had enriched the world of sciences, literature and peace, notes Ambassador T P Sreenivasan after attending last week's Nobel Prize awards ceremony.
The state is also the biggest market for TVS, another incumbent player, and together with Bajaj Auto, they accounted for 88 per cent of Maharashtra's total electric scooter sales last month. As many as 8,417 units were sold in Maharashtra in September. Bajaj Auto's contribution was 4,048 vehicles and that of TVS was 3,389, according to model- and state-wise data from the Society of Indian Automobile Manufacturers (Siam).
According to the Pentagon report, the PLA is creating options for dissuading, deterring, and defeating external intervention in the Indo-Pacific region.
'The purported claim that Israel can defeat Hamas and everything 'would go back to normal' is completely absurd.'
Gina flew down to Mumbai for Shalimar's mahurat and pictures of her with Zeenat Aman and Dharmendra were duly splashed all over the newspapers.
'When I looked closely at people and stories from that region, I realised that the landscape contributes a lot to how people behave.'
RARKPK looks like a family drama packed with loads of emotions, extravagant sets, colourful costumes, stunning cinematography, stellar star-cast and amazing music.
With two upset victories in the ongoing World Cup under their belt, the Netherlands are now seeking the ICC's attention for "bigger nation" status.
Aston Villa claimed their first three points of the Premier League Season
'The World Cup alone is expected to create an additional 100,000 jobs, most of which will comprise gig workers in the delivery space, transportation, hospitality and event management.'
Commander Abhilash Tomy, a retired Naval officer, has become the first Indian to complete the prestigious Golden Globe Race. He finished second in the race, a solo around-the-world sailing race, which started on September 4, 2022 from Les Sables-d'Olonne in France.
The Indian Navy's P8I maritime patrol aircraft on Thursday located a Chinese fishing vessel that capsized three days ago in the Indian Ocean, officials said.
'It will be important strategically and geographically because there is no port in India which is as close to the international shipping route as Vizhinjam.'
'In Raktobeej, I had a lot of physical action to do, so that was a new challenge.' 'We didn't want the action scenes to be over-the-top.' 'We wanted to make the action raw and real.'
They took the centre-stage in the showpiece, showed the world what they are made of and walked away from the global meet with honour and distinction.
'Building a whole product with the railways was challenging; we had to figure out how to load and unload a train when it stops for only about five minutes at a station.' 'We also helped them understand the revenues this would generate for them.'
Such a course would require a Constitutional Amendment, requiring a two-thirds majority in both Houses of Parliament. Even assuming that the INDIA combine comes to power at the Centre next year, a two-thirds majority in the Lok Sabha could way off the mark for them, observes N Sathiya Moorthy.
Travis Head likes the way England skipper Ben Stokes and Head coach Brendon McCullum are leading the English Test team.
Jasprit Bumrah will have to balance between adding miles to his legs and checking his team's bench-strength as India aim to complete a comfortable clean-sweep against Ireland.
The blast occurred on Tuesday evening at Himachali Rasoi restaurant, known for serving Himachali cuisines, located in Middle Bazaar adjacent to the fire brigade office in the heart of the city.
'Later, I asked Hrithik how he could have remained so calm in the circumstances. He told me simply, "What could have happened? At the most, they would have killed me".'
Six people have died and around 10 people have been injured in heavy rains in Himachal Pradesh that triggered landslides and flash floods in several places in the state, according to official estimates.
The Orion capsule returns to earth after a 26 day mission orbiting the Moon and back.
Stalin still enjoys a lot of sympathy and empathy as someone wishing well for the state, but not full-throated support as in 2019 and 2021, notes N Sathiya Moorthy.
'We cried our hearts out as we saw our huts going underwater. It was hard to believe that I was fast asleep at the same spot just 15-20 minutes ago'
With over 80 million Unified Payments Interface (UPI) users, Amazon Pay, the payments business of e-commerce giant Amazon, has been growing at 40-50 per cent year-on-year (Y-o-Y), said Mahendra Nerurkar, chief executive officer (CEO) and vice-president (V-P), Amazon Pay India. "Leveraging just the micro peer-to-peer (P2P) transactions on UPI is not a business model. "While we have enabled those features, we do not chase monthly active users based on this.
Rocky Aur Rani Kii Prem Kahani is sure to raise eyebrows with its over-the-top quality, but hey, this is the unabashed Bollywood we once fell in love with and who is better than Karan Johar to retrieve the genre, asserts Mayur Sanap.
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