Spinny revenue has stormed the news nowadays. Spinny has emerged as a noteworthy player in the Indian used car market, marking a staggering 30-fold increase in revenue to Rs.3260 crore in the fiscal year 2023. However, this remarkable growth comes with its own set of challenges, as the company’s losses have also swelled to Rs.820 … Read more
Reliance Jio has unveiled an innovative prepaid plan that integrates a Swiggy One Lite subscription, marking a significant shift in the telecom and food service sectors. This article delves into the details of the plan, its potential impact on consumers, and the broader implications for the industry. The New Culinary Connectivity Combo: Jio & Swiggy … Read more
WeWork, once a global co-working giant valued at $47 billion, has recently faced financial struggles that have led to potential bankruptcy and the closure of some unprofitable offices worldwide. However, WeWork India remains unaffected by these global developments, operating independently and continuing to thrive in the Indian market. WeWork’s Global Struggles & BankRuptcy WeWork’s global … Read more
Do you know Angel One acquires DStreet finance to expand among youngsters? Yes, Recently, Angel One has announced its acquisition of DStreet Finance, a Bengaluru-based fintech startup. This strategic move is a testament to Angel One’s commitment to expanding its suite of consumer financial services and enhancing its offerings to cater to the needs of … Read more
SBI Card and Reliance Retail have joined forces to launch the Reliance SBI Card, a co-branded credit card that aims to provide a holistic and rewarding shopping experience to customers. This partnership brings together two giants in their respective industries, with SBI Card being a leader in the card industry and Reliance Retail being one … Read more
High commission fees of Zomato and Swiggy has created a buzz in the Indian market. The food delivery industry in India has been dominated by two major players, Zomato and Swiggy, for quite some time now. These platforms have revolutionized the way we order food, providing convenience and a wide range of options to choose … Read more
The news of AU small finance bank acquires Fincare Small Finance Bank has created a buzz in the Indian financial market. Recently, AU Small Finance Bank Ltd has announced its decision to merge with Fincare Small Finance Bank, marking the first-ever amalgamation between two small finance institutions. This strategic move is expected to have far-reaching … Read more
Google has committed to investing up to $2 billion in Anthropic, a startup that rivals OpenAI. This investment marks a significant step in Google’s ongoing efforts to compete with OpenAI, a leading player in the AI industry. What Is Anthropic? Anthropic is an AI startup founded by siblings Dario and Daniela Amodei, both of whom … Read more
The Securities and Exchange Board of India (SEBI) has recently proposed an instant settlement plan, aiming to enhance the efficiency of the country’s financial markets. However, this initiative has faced significant pushback from foreign investors, who have raised concerns about the practicality and implications of such a system. Understanding SEBI’s Instant Settlement Plan SEBI’s instant … Read more
Zepto Revenue & Losses: Key Highlights The quick commerce sector has witnessed a significant transformation with the emergence of platforms like Zepto, which has reported a whopping 14-fold increase in its revenue, reaching a milestone of Rs 2024 crore INR in the financial year 2023. However, this remarkable growth has been accompanied by a threefold … Read more
