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DELIVERY HERO PROFITABILITY
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...- 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...
- Robots, drones could slash global food delivery costs to $1 per order, Barclays saysAutonomous food delivery robots and drones could cut costs by several dollars to as low as $1 per order, a shift that could unlock billions...
- 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...
- Stocks in news: BSE, ITC, M&M, LIC, IndiGo, Zomato, AirtelDiversified conglomerate ITC reported a 7% year-on-year (YoY) decline its consolidated net profit at Rs 4,935 crore. Revenues, meanwhile, i...
- Hero MotoCorp Q3 Results: Standalone PAT jumps 12% YoY to Rs 1,203 crore; Rs 100 per share dividend announcedHero MotoCorp Q3 Results: The Q3FY25 revenue from operations stood at Rs 10,211 crore, a 5% increase from Rs 9,723 crore in the same quarte...
- Hero MotoCorp Q1 profit soars 36% to Rs 1123 crore on steady sales, higher priceTotal expenses in the quarter under review went up by 14.8% to Rs 8,881.99 crore. The company sold 15.35 lakh two-wheelers last quarter, wh...
- Delivery Hero in $1.25 billion deal with Uber for Foodpanda Taiwan sale, investmentUber will pay $900 million in cash to take over Foodpanda business in Taiwan. Delivery Hero will issue 8.42 million additional shares, whic...
- Stocks in news: Hero MotoCorp, Honasa Consumer, LIC, Zomato, Tata PowerShares of Hero MotoCorp, Honasa Consumer, IRFC and Tata Power will be in focus as the companies will report their third quarter earnings to...
- 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.
- 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.
- Swiggy, Zomato figure in world's top 10 e-commerce food delivery platformsThe report by ETC Group said, " "The food delivery sector is rapidly consolidating, but ownership is a moving target. As companies jostle f...
- The pain after the gain: grocery deliverers reshuffle after lockdown boomAs the COVID-19 pandemic kept consumers behind closed doors, investors poured billions into "quick commerce" grocery firms that pledged to ...
- German grocery app Gorillas to cut staff in search of profitBerlin-based Gorillas, founded in 2020, has tripled the size of its business since October when it raised 860 million euros ($921 million) ...
- European stocks climb on strong earnings reportsBritish bank Standard Chartered jumped 10.1% and Spain's Banco Sabadell climbed 5.3% after reporting upbeat quarterly earnings.
- Just Eat Takeaway.com is contemplating selling GrubhubThe masses' demands have changed over two years due to the pandemic, and online food delivery demand is waning along with home fitness equi...
- Hero Electric creates new logistics arrangement for customers in eastern, north-eastern IndiaUnder this, the company has set up a fully integrated storage and handling facility at Patna, which will serve as the hub, initially cateri...
- 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.
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