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Tag: RBI

Foodtech giant Zomato's shares surged͏͏ to͏͏ a͏͏ new͏͏ all-time͏͏ high͏͏ of͏͏ INR͏͏ 290.50͏͏ apiece͏͏ on͏͏ the͏͏ BSE͏͏ today͏͏ (September͏͏ 20),͏͏ propelled͏͏ by͏͏ a͏͏ broader͏͏ market͏͏ rally͏͏ that͏͏ saw͏͏ the͏͏ Sensex͏͏ and͏͏ Nifty50͏͏ also͏͏ reach͏͏ record͏͏ highs. The͏͏...
Sereko, India’s leading Psychodermatology Skincare brand, is making͏ s͏ig͏ni͏fi͏can͏͏t ͏str͏͏͏id͏e͏s͏͏͏ in ͏it͏͏͏s͏͏ ͏mis͏sion ͏t͏o ͏͏e͏͏n͏ha͏nce ͏access t͏o͏ hol͏istic sk͏͏͏͏͏incare sol͏͏uti͏ons. Th͏e brand͏ ha͏s par͏t͏͏͏n͏e͏͏͏red ͏with͏ TATA 1mg for ͏a͏͏ strate͏gic retail ͏͏ex͏p͏a͏nsion, launchi͏n͏͏g͏ in͏ 20 s͏t͏͏ore͏s͏...

Amazon doubles down on Indian fintech market with INR 600 Cr investment in Amazon Pay

Fo͏llowing͏ ͏its recent IN͏R 1,660 Cr ͏investme͏nt in its Indian e-commerce marketplace, Amazon, th͏e US-based gi͏ant͏, h͏as allocat͏ed an additional INR 600 C͏r (app͏roxim͏at͏ely...

Zomato mulls revival of lending business, enters talks with NBFCs for merchant lending

Zomato, a major player in the foodtech industry, has reportedly initiated discussions with various non-banking financial institutions to offer working capital loans to its...

Burger King’s parent company completes $1 Billion acquisition of Carrols Restaurant Group

Restaurant Brands International Inc., the parent company of Burger King, has finalized its previously announced purchase of Carrols Restaurant Group, Inc. In this agreement, RBI...

India’s retail inflation eases to 11-month low of 4.83% in April, food prices remain a concern

India's retail inflation softened marginally, hitting an 11-month low of 4.83 percent annually in April, down from 4.85 percent in the previous month, as...

Zomato’s subsidiary ZPPL to surrender RBI license as online payment aggregator

Foodtech giant Zomato's subsidiary, Zomato Payment Private Limited (ZPPL), has opted to voluntarily surrender the certificate of authorization granted by the Reserve Bank of...

Zomato’s ZPPL gets green light from RBI to operate as online payment aggregator

Zomato, a major player in the foodtech sector, has received approval from the Reserve Bank of India (RBI) to operate as an online payment...

After a challenging year, consumer goods sector sets sights on robust recovery in 2024

Feeble consumer sentiment and subdued demand dominated the narrative for producers of packaged consumer goods in 2023. However, the forthcoming year presents optimism, anticipating...

Retail inflation in India hits three-month high at 5.55%, driven by food basket surge

Breaking its downward trajectory, retail inflation increased to a three-month peak of 5.55% in November due to strengthening food prices, particularly vegetables and cereals....

Burger King and ParTech join forces to improve restaurant operations and efficiency in North America

ParTech, a subsidiary fully owned by PAR Technology, has recently inked an exclusive deal to deliver an integrated point-of-sale (POS) software solution to Burger...

Reduced tomato prices in September bring relief to consumers: Thali costs decline for both veg and non-veg options

Reduced tomato prices in September led to a decrease in the expenses associated with both vegetarian and non-vegetarian thalis, offering a welcome respite to...

Zomato reports 72% of cash-on-delivery orders paid with INR 2,000 notes since RBI announcement

Zomato, the leading food delivery service, revealed that an impressive 72% of cash on delivery users paid for their orders with INR 2,000 notes...

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