Fri, Feb 23, 2024 3:05 PM
Jio Financial Services hits Rs 2 lakh crore market cap
A Flip by Riya Sharma
The National Financial Reporting Authority (NFRA) is set to consider applying company audit standards to limited liability partnerships (LLPs) at its November 25 board meeting, which may lead to revised standards for LLPs, including specific benchmarks for turnover or capital contribution, to improve transparency and accountability.
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Swiggy Instamart customers have gone from searching for batteries in the initial days of quick commerce to now searching for bedsheets, CEO Sriharsha Majety has said, highlighting how quick deliveries have evolved in short span of time, giving stiff competition to e-commerce giants,. He said, "There aren’t that many boundaries between e-commerce and quick commerce."
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Devyani International's Q2FY25 revenue grew 49.1% YoY to INR 12,222 Mn, in line with estimates, but EBITDA and adjusted PAT fell short due to higher operational expenses. The company's EBITDA margin declined by 202 bps YoY and 311 bps QoQ. Despite this, the outlook remains positive with expected demand pick-up in Q3FY25.
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