Economic Times
Total expenses for the Bengaluru-based firm fell to Rs 3,280 crore in FY24 from Rs 3,635 crore a year earlier, with employee benefit expenses declinin
Amazon Wholesale, the ecommerce giant’s wholesale unit narrowed its net loss by 44% to Rs 342 crore in FY24 from Rs 616 crore the previous year, acc
Amazon Transportation Services (ATS), the Indian shipping arm of ecommerce giant Amazon, saw its net loss narrow marginally by 6.9% to Rs 80 crore in
The new investors join existing shareholders Peak XV Partners, Faering Capital and Maj Invest. The round provided partial exit to some of the early in
The company had in July obtained the payment aggregator cross-border licence, enabling transactions for imports and exports. It came after the RBI, in
In a statement on Tuesday, Vridhi Home Finance said that it is investing in building a strong distribution network, in risk management practices and i
Prosus–the largest investor in Swiggy–has decreased the size of its divestment in the Bengaluru-based firm to 109.1 million shares as against Rs 1
“Given the overall macros, our focus is to drive growth from existing clients through our cross sell or upsell initiatives, continuing a strong mome
The company said its annualised total payments volume reached $180 billion. The financials are part of Razorpay Software, within which the domestic pa
The fund will primarily target growth-stage companies with strong potential for an initial public offering, leveraging South Korean expertise and capi
The Boston-based company, which is being advised by Goldman Sachs and JPMorgan, is in early-stage talks with private equity firms including Advent, Ba
The initiative aims to support over 30 startups in its initial year, TurboStart Founder and CEO, Ganesh Raju, told ET. “Unlike traditional funds tha
Social media regulation has become a hot topic in Latin America's largest country after a months-long feud between X owner Elon Musk and a Brazilian S
The search engine will provide conversational answers to users about current events on Meta AI, the company's chatbot on WhatsApp, Instagram and Faceb
The station's editor, Marcin Pulit, said in a statement Monday that the aim had been to spark a debate about artificial intelligence, and that it had
The rules, which were proposed in June by the US Treasury, were directed by an executive order signed by President Joe Biden in August 2023 covering t
The funding round comes less than a year after the public launch of the young AI startup by Taylor, one of the most closely watched entrepreneurs in S
Happy Tuesday! The government may offer import quota concessions to IT hardware makers. This and more in today’s ETtech Morning Dispatch.
Shanker Trivedi, senior vice president of enterprise business, Nvidia, on unique strength of India’s digital economy, positioning the country as one
According to three industry executives who spoke on the condition of anonymity, fraudsters are using the accounts of BCs, depositing money at their ag
