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MUMBAI: Amid financial concerns flagged by Tata Trusts chairman Noel Tata regarding Tata Sons' new ventures, the businesses are now estimated to incur a combined loss of Rs 29,000 crore in FY26, sharply higher than an earlier projection of Rs 5,700 crore, according to internal estimates reviewed by TOI.Losses for the first nine months of FY26 have already reached Rs 21,700 crore, compared with Rs 16,550 crore for all of FY25, with Tata Digital, Air India, Tata Electronics, and Tejas Networks acc ...Read More >
Grocery delivery firm Zepto Ltd. is gearing up for a significant move. The company plans to file for an initial public offering of approximately $500 million in Mumbai as early as next week. This move comes as competition intensifies in India's fast-growing quick-commerce market. Zepto is working with several major financial institutions to submit its draft prospectus. Grocery delivery firm Zepto Ltd. is preparing to file for an initial public offering of about $500 million in Mumbai as early a ...Read More >
The video soon went viral. A man in Hyderabad turned Diwali into a celebration for the city's delivery personnel. Gundeti Mahendhar Reddy, a digital creator, ordered boxes of sweets from platforms such as Swiggy, Blinkit, BigBasket, and Zepto. In a video shared on Instagram, Reddy is seen handing the sweets back to the delivery partners when they arrive with his orders. He also wished them a "Happy Diwali." A text overlay on the video read, "We ordered sweets for Diwali from Swiggy, Blinkit, ...Read More >
The banking regulator, through its internal investigation, found Simpl to be in violation of the Payments and Settlement Systems Act, 2007." The Reserve Bank of India (RBI) has asked Bengaluru-based fintech startup Simpl to halt all payment operations. In a letter dated September 25, a copy of which was reviewed by ET, the central bank stated: "The entity is directed to immediately stop the business of payment systems carried out by involving functions of payment, clearing, and settlement." Si ...Read More >
Amazon Now In Delhi: Amazon has launched its 10-minute delivery service, Amazon Now, in India's capital city, expanding its footprint in the fast-growing quick commerce market. The ultra-fast service, which first debuted in Bengaluru late last year, is now live in select pin codes in Delhi. Encouraged by strong initial traction, the company plans to scale the offering further in the coming months. "Amazon has always focused on offering customers a wide selection with convenient and fast deliver ...Read More >
Kolkata: The political slugfest following the alleged gang rape of a law student inside a south Kolkata college continued on Saturday as Trinamool took pains to distance itself from the "misogynistic remarks" of its own netas, emphasising the "quick action taken against the accused". The opposition, however, questioned security for women at workplaces and educational institutes and "promised to stay on the roads"."The remarks by MP Kalyan Banerjee and MLA Madan Mitra concerning the heinous crime ...Read More >
Bengaluru: Electric vehicles are powering the green transformation of India's ecommerce industry. Amid an overall surge in order volumes, companies like Flipkart, Amazon, BigBasket, Swiggy, and Eternal (formerly Zomato) are speeding up the transition to ecofriendly vehicles for last-mile delivery, especially quick commerce. This is helping cut costs while lowering emissions and reducing the climate footprint. Walmart-backed Flipkart is looking to make its entire logistics fleet electric. After ...Read More >
India is also undergoing a content revolution. In the past five years, short-form video platforms have witnessed a 3.6X surge in daily active users, positioning themselves as serious competitors to mainstream digital entertainment platforms. India's online commerce sector is set to skyrocket from $30 billion in 2020 to $300 billion by 2030, contributing to what is now being dubbed a $1 trillion digital consumer opportunity, according to a new report by Bessemer Venture Partners titled Click, Wa ...Read More >
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