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Times of India

Economic Times

  • India's quick commerce sector, including players like Zomato, Swiggy, Blinkit, and Zepto, is witnessing rapid growth, impacting traditional retail, especially kirana stores. However, the unique business model of kiranas and strategic moves by consumer goods firms suggest both segments can coexist, with each catering to different customer needs. Major players are also expanding into services […]
  • India's gems and jewellery exports saw a 10.29 per cent decline in December 2024 compared to the previous year due to economic uncertainties and a shift towards gold as a safe-haven investment. The export of Cut & Polished diamonds and gold jewellery also declined, though a ceasefire between Israel and Hamas may boost trade activities […]
  • Zomato has invested Rs 2,800 crore in Blinkit since acquiring the company for Rs 4,477 crore in an all-stock deal in August 2022. This latest investment follows Zomato raising Rs 8,500 crore through a QIP in November, a move aimed at bolstering its balance sheet in the face of growing competition.
  • The company looks to deliver 20,000 products in under 30 minutes, said the chairman of Spencer's, Shashwat Goenka. He said Spencer's would be able to achieve positive profit-after-tax within the next two fiscals.
  • A unique proposal by Delhi government corporations to introduce a fixed quota-based liquor stocking policy has faced objections from mid-sized spirits companies. The policy favors large multinational companies and assigns quotas based on national sales data, potentially sidelining local and startup brands in the competitive market.

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