Passez à l'illimité avec Magzter GOLD

Passez à l'illimité avec Magzter GOLD

Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement

$149.99
 
$74.99/Année

Essayer OR - Gratuit

Swiggy to review its stake in Rapido

Mint Hyderabad

|

August 01, 2025

Swiggy's losses nearly doubled in April-June despite a jump in revenue as Instamart continued to bleed cash

- Sowmya Ramasubramanian

On-demand convenience firm Swiggy on Thursday said it will re-evaluate its investment in ride-hailing startup Rapido, citing a potential conflict of interest in the future as the mobility venture recently entered the food delivery segment.

"Rapido is now the largest mobility player in India by rides, and has been a disruptor in its space. As a shareholder, we are extremely happy with their success and value-creation; but do acknowledge a potential conflict of interest that may arise in the future," Swiggy said in its letter to shareholders.

"Our ~12% minority stake has appreciated significantly since our investment (basis incoming interest) and we are actively re-evaluating our investment due to the above developments."

PLUS D'HISTOIRES DE Mint Hyderabad

Mint Hyderabad

Do tariffs work?

With trade tensions between the US and China flaring up again, the spotlight is on how their game of mutually assured disruption plays out.

time to read

1 min

October 22, 2025

Mint Hyderabad

Mint Hyderabad

Keppel buys 49% in Cleantech, takes control

cation,” a Shell spokesperson said in an emailed response.

time to read

1 mins

October 22, 2025

Mint Hyderabad

CCI clears Torrent's JB stake buy proposal

Fair trade regulator Competition Commission of India (CCI) on Tuesday cleared Torrent Pharmaceuticals Ltd's proposed acquisition of a stake in JB Chemicals and Pharmaceuticals, subject to voluntary modifications offered by the companies.

time to read

1 min

October 22, 2025

Mint Hyderabad

'Balanced India-US portfolios fared better'

Saurabh Mukherjea has a simple message for investors in Indian equities: it's time to look beyond. The chief investment officer and co-founder of Marcellus Investment Managers believes that with jobs in India drying up due to the US tariffs, consumption slowdown and tepid corporate earnings, it “will be tough for a market already trading at record-high valuations to move any further”.

time to read

2 mins

October 22, 2025

Mint Hyderabad

Mint Hyderabad

NITI Aayog proposes new panel to supercharge net-zero push

India’s top government think-tank has called for setting up a panel to guide policy and coordinate multi-ministry efforts on climate action and energy transition, two people aware of the development said.

time to read

1 mins

October 22, 2025

Mint Hyderabad

Mint Hyderabad

The Jio tariff hike everyone expected isn't coming—yet

The company has instead chosen to grow revenue by driving users to consume more data

time to read

2 mins

October 22, 2025

Mint Hyderabad

Reliance seeks to buy Middle East oil

Reliance Industries Ltd bought Middle Eastern crudes last week and may place more orders, ina sign that Western pressure against Russian flows may be starting to impact its procurement patterns.

time to read

1 min

October 22, 2025

Mint Hyderabad

Deloitte's AI debacle in Australia isa warning for all early adopters

That a report riddled with AI hallucinations was sent to a government should be a wake-up call

time to read

3 mins

October 22, 2025

Mint Hyderabad

Jio-BP’s Q2 petrol, diesel sales up 34%

Jio-BP, the fuel retailing joint venture of Reliance Industries and super major BP, clocked a 34% rise in petrol and diesel sales in the September quarter as the joint venture aggressively expands its retail network.

time to read

1 min

October 22, 2025

Mint Hyderabad

Recent Nobel prizes for economics seem rich in irony

This year’s Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded “for having explained innovation-driven economic growth,” with one half to Joel Mokyr “for having identified the prerequisites for sustained growth through technological progress” and the other half jointly to Philippe Aghion and Peter Howitt “for the theory of sustained growth through creative destruction.”

time to read

3 mins

October 22, 2025

Listen

Translate

Share

-
+

Change font size