Kotak Bank sees Rs 300-500 crore hit to profit from RBI curbs
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Millennial, Gen Z homes spur Q-commerce growth
In the past one year, half the new customers that we have added are all pure play quick commerce customers, who often do not make planned purchases and end up buying 4-15 times a month from our platform,” said Seshu Kumar Tirumala, chief buying and merchandising officer at BigBasket. Goldman Sachs said Blinkit's implied valuation - estimated at $13 billion - is now higher than that of parent Zomato's core food delivery business, indicating the rapid growth of the segment. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/V2HPMFj >
Berkshire pares huge Apple stake
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Patym parent co president and COO quits
One97 Communications (OCL), which owns brand Paytm, on Saturday said the company's president and chief operating officer (COO) Bhavesh Gupta has resigned from his position. Gupta, whose resignation comes amid a series of recent top level exits at the Noida-based fintech, will however move to an advisory role in the CEO office. Gupta quit citing personal reasons and his last day with the organisation-which has come under regulatory scrutiny due to non-compliance at its banking unit-will be on May 31. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/euVFi2M >
7 of 10 listed Adani companies get Sebi notices
Seven out of the 10 Adani group companies listed have been issued showcause notices by the market regulator Sebi for suspected breaches of different regulations, such as disclosure and related-party transaction norms. The companies that were served with the notices stated that the notices do not have any significant effect on their operations. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/f65I2pF >
Sensex swings 1,600 pts, ends below 74,000 on selloff
Selling across the board occurred after the Sensex reached the 75,000 mark once again in early trades on Friday, causing the index to drop by 733 points or 1% to close at 73,878. Reliance Industries, L&T, and HDFC Bank were the main contributors to the day's loss, as foreign funds sold aggressively. Market participants mentioned that taking profits at higher levels led them to sell off their holdings. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4STyaI0 >
Carlyle sells 2% in Yes Bank for Rs 1,441 crore
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