Tata Digital, the ecommerce arm of the Tata conglomerate, is in talks to develop a budget fashion line on its Tata Cliq platform to take on industry competitors Flipkart, Amazon India, and Reliance Ajio. While the company has Zudio in that category, sources said that brand is likely to stay offline only and there are no plans to take it on Neu yet.
Venture debt firm Trifecta Capital is gearing up to raise Rs 2,000 crore, or $240 million, with its fourth fund, including a greenshoe of Rs 500 crore, founder and managing partner Rahul Khanna told ET. The fund will invest across sectors, consciously avoiding risky sectors such as cryptocurrencies, gaming, and peer-to-peer (P2P) lending.
India’s Beckn Protocol, which powers ONDC and other decentralised networks, is set to expand to Nepal, where the technology is being explored for use cases like tourism and agriculture. Vriddhi, Nepal's open network, may soon have seamless booking of Himalayan trekking packages without the need to switch between multiple apps.
ideaForge, Rainmatter, Navam Capital, Faad Capital, and Anicut Capital also participated. The funds will be used to launch the satellite ‘Drishti Mission’ and develop multi-sensor payload technology.
AI and analytics unicorn Fractal Analytics is eyeing an initial public offering (IPO) worth $400-500 million, valuing the firm at close to $3 billion, as per executives in the know. The New York-based SaaS company may submit the draft red herring prospectus (DRHP) to markets regulator Securities and Exchange Board of India (Sebi) by late September.
ITR deadline extended? Last year, the government did not extend the deadline for filing income tax returns, similar to the year before. However, two years ago, the government extended the deadline for filing income tax returns due to the COVID-19 pandemic.
Once again mid cap stocks have been outperforming in the last few days. Even when Nifty and Sensex corrected, the mid cap stocks have been able to keep their head above water and the market breadth has been positive. This is happening as the “risk on trade” has once again started. While one cannot rule out more volatility, over the next few weeks, if there is a sustained resumption of positive FII flows, then we might see these mid cap stocks getting pushed even higher. So be bullish, just be more selective. Читать дальше...
The extended weekends in August, including Independence Day, resulted in a booming demand for hotels and flights, causing prices to soar and popular destinations to quickly sell out. SpiceJet promoted travel during holidays such as Parsi New Year, Rakshabandhan, and Janmashtami. Notable destinations like Udaipur, Lonavala, and Goa saw heightened interest. Premium properties such as The Taj Rishikesh Resort & Spa and The Oberoi Udaivilas in Udaipur had high rates. Espire Hospitality Group's resorts also experienced high occupancy. Читать дальше...
Paris Olympics day 6 action begins within a few hours and there are 18 gold medals lying in wait for athletes on August 1. There is a lot up in the Paris Olympics August 1 schedule, including Simone Biles' bid for a second gold for Team USA in gymnastics. Here's how you can catch all the live action in US.
Victor Wembanyama is one of the most popular names when it comes to basketball and his height of 7ft 4in is something that sets him apart from all other players in his midst. However, his recent image of being marked by an opponent almost 2ft shorter than him has amazed the netizens.
Megan Thee Stallion gave a powerful performance at Vice President Kamala Harris's Atlanta rally. Following that, Harris discussed important topics, emphasized the focal point of her campaign.
A documentary on Donald Trump and Kamala Harris' campaigns for US Presidential election 2024 will be released in August.
