🔥The 9th Round of Easy Loan, Earn $40 Reward is in progress❗️ ⏰ Promotion Period: January 15th - Feburary 15th, 2025 👉 Register now and check more details at gate.io/campaigns/358

Eternal founder and CEO Deepinder Goyal's mail to the team on Aditya Mangla's appointment

Deepinder Goyal on new food delivery business CEO Aditya Mangla "Aditya has also been one of the few leaders in the food delivery team who regularly runs into disagreements and pushes back with me. And I deeply value that."

Ambani's Jio is not planning to launch its IPO in 2025 as planned, delaying one of the country's most anticipated stock offerings, sources say. Jio wants to achieve higher revenues & bigger subscriber base; Retail IPO unlikely before 2027/28 tinyurl.com/37zbwsy3 Scott Murdoch

JUST IN: Nvidia officially hits a $4 trillion market cap.

🚨 Ola Electric's pivot to profitability is coming at a cost. Co projects its revenues will remain flat or decline in FY26 to Rs 4,200–4,700 crore. FY25 revenues already fell 10% from Rs 5,000 crore in FY24 to Rs 4,514 crore. Focus on cash flow over topline expansion.

🚨 PhonePe has hired Shivnath Thukral to lead public policy and government affairs 💼 Thukral has spent the last 8 years as the India public policy lead for Meta, which owns Facebook and WhatsApp. Before that, he was with Essar Group.

🚨 Reliance Retail says it is the fastest-growing digital grocery platform in India It is also not keen on acquisitions in quick commerce, according to a top official - thearcweb.com/article/relian…

🚨 Eternal says going out/District biz can hit $3 billion in sales and $150 million in adjusted EBITDA in 5 years "Our average revenue per order today is Rs 160, which is meaningfully higher than our food delivery and quick commerce businesses."

Blinkit and Zomato-owner Eternal's share price reached a new all-time high of Rs 311.60 after the results were announced yesterday. Shares are up over 10% today. The market cap is now close to $35 billion, surpassing DMart's $31 billion.

🚨 Paytm reports net profit of Rs 123 crore for the June quarter, meeting its projections. Operating revenues stood at Rs 1,918 crore, up 28% YoY but remained flat QoQ

🚨 Paytm undertakes a board reshuffle 🧑‍💼 - Former IAS officer Bimal Julka has resigned as an independent director, just six months after the appointment. - Madhur Deora steps down from the board, but will continue as president & CFO. - Urvashi Sahai, Paytm's general counsel,

🚨 Enforcement Directorate (ED) has filed a case against Flipkart-owned Myntra for FEMA violations worth Rs 1,654 crore The notice says that the company used a wholesale cash and carry unit to run a multi-brand retail business

🚨 Good Glamm Group CEO Darpan Sanghvi says that the refinancing and strategic investment efforts have failed ❌ The company will now sell its brands individually to different owners. Brands include Myglamm, Moms Co, St. Botanica. Co was valued at $1.3 bn and raised $342 mn 💰

Lenders’ call: Good Glamm’s brand portfolio to be sold for parts Darpan Sanghvi, the founder and CEO of The Good Glamm Group, has said that its attempts to secure refinancing and strategic investments have collapsed. thearcweb.com/article/lender…

🚨Tata Digital’s revenue growth has slowed, hurt by stagnant sales at BigBasket. Details: thearcweb.com/article/tata-d… Revenue increased by 30% to Rs 547 crore ($63.4 million) in FY25. This is a significant slowdown in revenue growth, which had more than doubled in FY24.

🚨 Swiggy's board of directors undertakes a re-shuffle - Sumer Juneja, nominee of Softbank (6.9% stake), has resigned - Anand Daniel, nominee of Accel (4.7% stake), has resigned - Faraz Khalid, CEO of the Middle East's e-commerce co Noon, has joined as an independent director