'Given that the market is now demanding disciplined growth, well-run companies should be able to demonstrate profitability with the cash on hand.'
Quick commerce is proving to be a solid business proposition, with companies like Zomato's Blinkit and Y Combinator-backed Zepto recently registering growth, charting paths to profitability. Blinkit logged its highest gross order value (GOV) and customer transactions in June and July, showing a positive contribution for the first time in the quarter ended June 2023. Deepinder Goyal, Zomato's co-founder and chief executive officer (CEO), predicted that Blinkit would deliver more value to shareholders than the core food delivery business in the next decade.
'The Maoists have weakened considerably in Maharashtra, Madhya Pradesh and Chhattisgarh after Milind Teltumbde's death.'
'I want us not to underestimate Indian voters. They can tell good work from bad.'
From issuing whips to arranging ambulances for their ailing leaders, opposition parties from the newly-formed Indian National Developmental Inclusive Alliance (INDIA) bloc are making all-out efforts to ensure that they get 100 per cent attendance of their MPs in the Rajya Sabha to give the Bharatiya Janata Party a tough fight on the Delhi services bill next week.
Wielding a broom, the prime minister took part in the drive along with fitness influencer Ankit Baiyanpuriya.
More than 120 eminent citizens, including retired high court judges and former bureaucrats, have written to President Droupadi Murmu opposing what they called "highly objectionable attempts" to legalise same-sex marriages.
Prices of luxury properties appreciated by 8-12 per cent during the last year across major cities and has breached the 2015 peak level, according to India Sotheby's International Realty. In its annual 'Luxury Outlook Survey 2023', India Sotheby's International Realty (ISIR) revealed that 61 per cent of High-Net-worth Individuals (HNIs) and Ultra High-Net-worth Individuals (UHNIs) are looking to buy luxury real estate during 2023-24. The sample size of the survey is more than 500 HNIs and UHNIs.
Rajya Sabha was adjourned for the day on Friday amid an uproar in the House over the issue of law and order situation in Rajasthan.
Newly-appointed Leader of House in Rajya Sabha Piyush Goyal met senior Opposition leaders including former prime minister and Congress veteran Manmohan Singh, his party colleague Anand Sharma and Nationalist Congress Party supremo Sharad Pawar ahead of the Monsoon Session of Parliament beginning Monday.
Indian men's hockey team finish third...
The Reserve Bank is likely to maintain status-quo on the key interest rates for the third time in a row in its upcoming bi-monthly policy review despite the US Federal Reserve and the European Central Bank hiking benchmark rates, as domestic inflation is within the RBI's comfort zone, say experts. The borrowing cost which started rising in May last year has stabilised with RBI keeping the repo rate unchanged at 6.5 per cent since February when it was raised from 6.25 per cent. In the previous two bi-monthly policy reviews in April and June the benchmark rate was retained.
Stepping up their attack on Rahul Gandhi for his 'democracy under brutal attack' remark in the United Kingdom, Bharatiya Janata Party leaders, including Union ministers, on Thursday demanded an apology from the Congress leader insisting that he was 'not above Parliament'.
Rajya Sabha Chairman M Venkaiah Naidu on Monday expunged the references made by Finance Minister Nirmala Sitharaman to Sonia Gandhi in the House on July 28.
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