india

Apple iPhone Production in India Surpassed ₹1 lakh Crore, 65% Exported in 2023

Over the past two years, India has witnessed a remarkable surge in Apple iPhone production. From a few thousand units, production has skyrocketed to millions. This rapid expansion underscores the Cupertino giant's growing commitment to the Indian market. Last...

India’s Automobile Retail Industry 2023: Over 2 Crore Vehicles Sold, SUVs Were In Strong Demand

India, one of the world's fastest-growing economies, has witnessed remarkable growth in its automobile sector in 2023. The year witnessed Indians indulging more in two-wheelers (2W) than any other vehicle category, marking a significant shift in buying patterns. The...

Zomato Plays the Long Game: Prioritizes Brand Identity Over Super App Ambitions, Ditches International Dreams

Zomato has been making waves in recent months with its strategic business restructuring decisions in a bid to strengthen its dominance in India's fiercely competitive food delivery sector. A crucial part of this strategy involves making Blinkit, its quick...

India Racing Towards a Cashless Economy as UPI Transactions Surpassed 100 Billion in 2023, With 60% YoY Surge

The Unified Payments Interface (UPI) has solidified its position as India's go-to digital payment platform, witnessing a staggering surge in both transaction volume and value in 2023. Interestingly, the number of UPI transactions surpassed the 100 billion mark by...

The Rise of Reverse Flipping: Why Indian Startups Are Choosing Bharat Over Global Headquarters?

In a significant strategic move, several of India's leading startups are considering relocating their parent companies back to their homeland. This shift, particularly prevalent in the burgeoning fintech sector, is poised to reshape the landscape of Indian startups on...

Flipkart Internet Shines With 42% YoY Revenue Surge in FY23, Investment in Logistics Pays Off

Flipkart, India's e-commerce giant owned by Walmart, has unveiled its financial results for fiscal 2023, ending March 31, 2023. The heartbeat of Flipkart's marketplace operations, Flipkart Internet, showcased an impressive 42% YoY growth in operating revenue, from Rs 10,477...

Udaan’s 10% Workforce Cut Fuels Concerns About the Long-Term Viability of Startups Amid Funding Boom

Despite the influx of significant funding into India's startup ecosystem, several startups grapple with operational sustainability. One such example is Udaan, a business-to-business (B2B) e-commerce company headquartered in Bengaluru. Udaan laid off 10% of its workforce, numbering between 100...

Reliance and Disney Merger: A Streaming Monopoly in the Making?

Reliance Industries Ltd (RIL) (NSE: RELIANCE) and Walt Disney Co. (NYSE: DIS) are on the cusp of finalizing the largest merger in the history of the Indian entertainment industry. Authoritative sources involved in the negotiations reveal that both entities...

Swiggy and Zomato Lock Horns in India’s Food Delivery Price War: Enough to Entice New Customers?

In India's rapidly expanding online food delivery landscape, industry frontrunners Zomato and Swiggy are revamping their strategies to appeal to a growing demographic of budget-conscious consumers, specifically focusing on students and job-seekers. As the conventional methods of customer acquisition...

ZestMoney Shutting Down: A Tale of Regulatory Hurdles, Failed Acquisition, and Leadership Shakeup

ZestMoney, an 8-year-old India's fintech lending startup, is shutting down. Despite attracting substantial investments, including from Goldman Sachs, this Buy Now Pay Later (BNPL) pioneer finds itself succumbing to the complexities of regulatory uncertainties and a failed attempt at...
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India’s Top 3 IT Firms Let Go 65k Employees in FY24: Is Automation the Culprit?

Tech industry layoffs post-Covid have been a major concern, affecting white-collar employment in India. This trend isn't confined to...
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