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BENGALURU CASH SHORTAGE
L’Oréal acquires Innovist in big D2C deal; Dhan’s FY26 profit shrinksL’Oréal has bought Innovist to claw back momentum in India’s hyper-competitive beauty market. This and more in today’s ETtech Top 5.- Realtors eye margin relief as US-Iran peace deal raises hopes of lower fuel costsA potential peace deal between the US and Iran offers hope for India's real estate and construction sectors. Developers are watching oil pr...
- Sarvam’s unicorn raise; Big exits in new IPOsHappy Tuesday! Sarvam has vaulted into the unicorn club after a fresh funding round. This and more in today’s ETtech Morning Dispatch.
- Fable 5 wake-up call; Indians chase SpaceX jackpotHappy Monday! The Fable 5 disruption has triggered fresh calls for India to build its own AI muscle. This and more in today’s ETtech Mornin...
- Instant househelp startups burn $14-15 million in May as discounts heat upInstant home services platforms like Urban Company, Snabbit, and Pronto are aggressively spending millions on discounts again to capture ma...
- AI could automate 50% of enterprise data work in 18 months: Salesforce SVP Gaurav PathakArtificial intelligence is poised to automate half of enterprise data tasks within 18 months. Salesforce's Gaurav Pathak highlights AI agen...
- Gig workers' incentives cool; YC attendees resell AI creditsHappy Tuesday! Despite a shortage of delivery workers, payouts for gig riders have increased only slightly this summer. This and more in to...
- Instant house help startups see bookings top three million in April amid labour shortageAs platforms raise prices and battle for workers, questions are emerging around the long-term size and profitability of the 10-minute house...
- Instant domestic help apps face worker unavailability amid rapid scaling, high competitionInstant domestic help platforms like Urban Company, Snabbit, and Pronto are experiencing worker shortages. This is causing limited availabi...
- UPI underdogs seek fair play; WhatsApp tightens scam defencesSmaller UPI players will meet NPCI to curb the growth of industry leaders PhonePe, Google Pay and Paytm. This and more in today’s ETtech To...
- Snabbit raises $56 million from Susquehanna VC, Mirae, others; valuation doubles to $350 millionSnabbit, an instant house help startup, has secured $56 million in a new funding round. This investment, led by Susquehanna Venture Capital...
- India's hospitality sector enters a 'golden cycle' as luxury demand outpaces supply: NomuraIndia's hotel industry is entering a strong growth phase. Average daily rates are rising, and investment returns are attractive. Demand is ...
- War-led cost surge, price curbs push beer industry into 'major trouble': United Breweries CEO & MDThe Indian beer industry is in significant trouble. Rising costs from the war, supply chain issues, and government pricing controls are imp...
- Smartworks bets on structural shift as managed offices become mainstreamIndia's managed office sector is entering a period of strong growth. Smartworks, a leading platform, is expanding rapidly with large campus...
- Cash shortage hits Bengaluru banks amid election buzzBengaluru banks face a severe cash crunch as withdrawals outpace deposits, forcing currency chests to borrow from peers. Businesses, especi...
- Coronavirus lockdown: Labour pain- infection worry keeps attendance low across sectorsDuring an interaction with the government, industry members were told that workers who have returned home shouldn’t be called back, to redu...
- Rs 14.48 crore in cash unearthed in tax raids in 3 statesWhile banks have been instructed to ensure supply of cash in areas experiencing currency crunch, the income tax department has cracked down...
- Contractors are hoarding high-denomination notes, says IT departmentKarnataka is going to polls on April 12, and there have been complaints of shortage of cash at ATMs.
- Pay day becomes Mayday as banks run short of cashBankers said although customers are entitled to withdraw up to Rs 24,000, branch managers are using their discretion and rationing payouts ...
- With rising crime, banks emerge as biggest buyers of civilian firearmsPvt banks are managing with a mix of 'on-the-roll' security and 'on contract' guards, and PSU banks are hiring ex-servicemen or trained arm...
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