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ET Prime Special Series: Multibagger or IBC - Part 64: An old 2-wheeler supplier that now earns more from a newer businessAt first glance, this auto ancillary company looks like a conventional two-wheeler supplier. But its business mix tells a wider story. A ne...
Ola Electric raises Rs 780 crore via QIP amid market share, cash burn pressureOla Electric Mobility has secured approximately Rs 780 crore through a qualified institutional placement, aiming to bolster its recovery ef...
Electric two-wheeler sales cross 150,000 in May amid fuel price riseThe recovery comes after a 22% month-on-month fall in April from a record 192000 units in March, when automakers used aggressive discounts,...
India's electric scooter market regains charge after April slowdownIndia's electric two-wheeler market saw a strong rebound in May. Registrations rose significantly, recovering from a dip in April. Major pl...
JP Morgan warns of FY27 earnings risk, says Nifty can fall to 20,500 in bear caseJP Morgan has cautioned that India’s FY27 earnings face significant risks from an extended energy and logistics shock linked to the Middle ...
Groww investors reap bumper returns; Lightspeed’s India rethinkHappy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dis...
Grab to lean on scale, AI to navigate rising fuel costs, CEO saysThe Singapore-based company earlier this year expanded outside Southeast Asia for the first time when it purchased Delivery Hero's Foodpan...
Grab to buy Delivery Hero's Foodpanda Taiwan business for $600 millionThe Taiwan purchase gives the Singapore-based company a sizeable delivery foothold beyond Southeast Asia in its pursuit of a broader expa...
Delivery Hero reports Q2 revenue growth slightly above expectationsTotal segment revenue grew 27% on a like-for-like basis to 3.7 billion euros ($4.3 billion) in the second quarter, the company said, above ...
Delivery Hero to close tech hubs in Turkey and Taiwan, cut jobsThe company has reduced the workforce of its Berlin headquarters and global service roles by around 13% this year, it said in a statement.
Hero MotoCorp October sales up 26.5 pc at 5,74,930 unitsHero MotoCorp said it expects demand to remain optimistic on the back of the recent product launches in the premium segment and ongoing fes...
Online food company Delivery Hero forecasts 2023 GMV growth of 5-7%The Berlin-based company expects its GMV to grow between 5% and 7% in constant currency this year.
Hero Electric to supply e-scooters to last-mile delivery provider ShadowfaxShadowfax, a crowdsourced platform for last-mile delivery, had recently announced converting 75 per cent of its fleet to EVs by 2024.
Hero Motors aims to treble exports, international revenue to Rs 3,000 crore by FY24The group said it has further cemmented its place as a reliable supplier in the global market while bringing suppliers and manufacturers un...
No auto boom, volumes fell 24% in October: DealersIs the auto industry being hasty in calling out a festive cheer? Auto manufacturers such as Maruti Suzuki, Hyundai and Hero MotoCorp may be...
Rural demand drives Hero MotoCorp sales of 4.5 lakh units in JunePowered by growth from rural and semi-urban markets, Hero MotoCorp, the world's largest two-wheeler manufacturer has made wholesale deliver...
Delivery Hero buys Zomato’s UAE unitZomato’s decision to sell the UAE business comes at a time when it is in talks to raise $500 million to $1 billion in fresh funds.
HeroMoto stock to ride high on rural demandVolume rose 23 per cent on account of higher growth in the rural market.
Ola gains a sizeable entry into food delivery segment with FoodPanda acquisitionThe move will also see Ola invest another $200 million, as it takes on rival UberEats and incumbents like Zomato and Swiggy.
Food delivery service Foodpanda acquires rival TastyKhanaThe deal sees Delivery Hero exiting the Indian food services market to focus more on growth markets such as Latin America and Europe.