Business News

Business

FILA Group Sells 5% DOMS Stake for Rs 798 Crore: A Strategic Move?

Italian multinational FILA Group sold a 4.6% stake in DOMS Industries for Rs 798 crore, marking a strategic move in the open market. DOMS Industries, known for its stationery and a...

Business

2024: A Year of Recovery for India's Startup Funding Landscape

India's startup funding saw a marginal rise in 2024 to $11.3 billion, with notable investments in companies like Zepto and others. Despite cautious capital deployment, the market's...

Business

Zetwerk's Remarkable Growth: GMV Surges to $2 Billion in 2024

Zetwerk Manufacturing Businesses reports a 35% increase in GMV, reaching $2 billion in 2023-24, with 92% contribution from the industrial segment.

Business

Kia India MD: Rising Car Prices and Affordability Challenges Impact Demand

Kia India MD Gwanggu Lee discusses the impact of rising car prices on demand, suggesting tax reductions and introducing new models like the Syros to stimulate sales amidst affordab...

Business

Bharti Airtel Clears All Spectrum Dues with Rs 3,626 Crore Payment

Bharti Airtel prepaid Rs 3,626 crore to the Department of Telecom to clear all spectrum liabilities for 2016 acquisitions, showcasing its financial strength and strategic planning.

Business

Revolutionizing Food Delivery: Ola Launches 10-Minute Service in Bengaluru

Ola Consumer launches Dash, a 10-minute food delivery service in Bengaluru, aiming to transform food delivery experiences across India with its service now covering 100 cities.

Business

Nestle Assures No Impact from Suspension of MFN Status by Switzerland

Nestle India assures no impact from the suspension of MFN status by Switzerland, emphasizing it as a policy matter between the two countries rather than a company-specific issue.

Business

Nike's Q2 Revenue Dips 8% Despite Exceeding Estimates

Nike Inc. reported Q2 revenues of $12.4 billion, down 8% year-over-year but surpassing estimates. Net income dropped 26% to $1.16 billion, with earnings per diluted share falling 2...