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Zomato Swiggy Margins Hit as Discount Wars Return
Zomato and Swiggy face margin pressure as discount wars return, signaling a shift back to aggressive customer acquisition strategies in India’s food delivery market. Rising competition and consumer price sensitivity are forcing both platforms to balance growth with profitability. Zomato and Swiggy face margin pressure as discount wars return at a time when both companies were moving toward profitability. The…
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India Pushes BRICS Digital Currency Link Ahead of Delhi Summit
India is pushing for a digital currency and payments link among BRICS members ahead of the September 12-13 summit in New Delhi. The proposal aims to make cross-border payments faster and cheaper, but political tensions and technical differences could slow progress. India Pitches BRICS Digital Currency Link India is pushing…
Coforge Shares Tumble After Chairman O P Bhatt Resigns
Coforge shares fell sharply after chairman and independent director O P Bhatt resigned with immediate effect following concerns raised by an internal audit over the company’s board evaluation process. The sudden leadership change has put corporate governance under investor scrutiny. Coforge shares fall sharply after Bhatt resignation Coforge shares came…
Coforge Chairman Resigns After Audit Flags Board Evaluation Gaps
Coforge chairman O.P. Bhatt has resigned after an internal audit flagged gaps in the company’s board evaluation process and disclosure of related information. Coforge shares fell sharply in early trade on September 9 as investors reacted to the leadership change and governance concerns. Coforge chairman O.P. Bhatt resigns Coforge chairman…
US Inflation Stays High as Fed Rate Hike Bets Strengthen
US inflation remains well above the Federal Reserve’s 2% target, forcing markets to reconsider expectations for interest rates. Fresh July data, hawkish comments from Fed officials and stronger-than-expected price pressures have shifted attention from rate cuts toward the possibility of another hike. US inflation remains above the Fed’s 2% target…
Gravita India Commissions 6,000 MTPA Lithium-Ion Recycling Plant
Gravita India has commissioned a 6,000 MTPA lithium-ion battery recycling pilot plant at Mundra, Gujarat, marking its entry into critical mineral recycling. The company is also pursuing a larger capacity expansion plan aimed at taking its overall recycling capacity beyond 800,000 MTPA by FY29. Gravita India commissions lithium-ion recycling plant…
E2E Networks Signs ₹1,000 Crore NVIDIA Blackwell GPU Deal
E2E Networks has signed a binding term sheet worth approximately ₹1,000 crore with an India-based sovereign AI company for NVIDIA Blackwell cloud GPUs and allied services, marking a major new commitment in India’s rapidly expanding AI infrastructure market. E2E Networks lands major Blackwell GPU contract E2E Networks is in focus…