Mid-tier IT services company LTIMindtree on Thursday reported a 12% YoY growth in its consolidated Q2 net profit at Rs 1,401 crore versus Rs 1,251 crore in the year-ago period. The profit after tax (PAT) is attributable to the company’s shareholders. The company’s revenue from operations in the quarter under review stood at Rs 10,394…
Rejected over a decade back, Meet Ragini Das, Google’s head of startups unit Ragini Das, leap.club founder has been appointed as the head of the startups unit at Google, where she could not make it in 2013. Announcing the news on LinkedIn, Das described the moment as a “full-circle” professional milestone. “Life has come full…
Union Consumer Affairs Minister Pralhad Joshi on Friday sent out a strong message to e-commerce companies to stop misleading customers with hidden charges or face strict action. Taking to his official handle on X, Joshi said adding unfair costs like extra fees for Cash-on-Delivery (COD) is nothing but a “dark pattern” that takes advantage of buyers…
Eternal Ltd, the parent company of online food delivery giant Zomato, hit its 52-week high of Rs 340 per share on September 19, after the global brokerage firm Goldman Sachs raised the target price of the Eternal Stock and maintained a ‘buy’ rating on the stock. The stock closed at Rs 337.65 per share, down…
Ride-hailing giant Rapido is all set to enter India’s food delivery landscape. This announcement has created a buzz across the industry, with many wondering how Rapido’s entry will impact the dominance of established players like Zomato and Swiggy. This service is expected to start in Bengaluru. Two listed companies – Zomato and Swiggy are already…
Food delivery company Eternal, formerly known as Zomato, is staring at a passive outflow of $840 million as global index majors FTSE and MSCI plan to slash the stock’s weightage in their portfolio. This follows a reduction in the Foreign Ownership Limit (FOL). In FTSE All World Index, the investability weighting from 82.74% to 49.5%.This…