Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
Swiggy to review its stake in Rapido
Mint Mumbai
|August 01, 2025
Swiggy's losses nearly doubled in April-June despite a jump in revenue as Instamart continued to bleed cash
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."
Denne historien er fra August 01, 2025-utgaven av Mint Mumbai.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Mumbai
Mint Mumbai
Inside Apple's push to build an all-American chip
On a desolate stretch of land dotted with cactuses some 30 minutes north of Phoenix, more than 30 cranes tower over a construction site 2 times the size of New York City's Central Park. A mammoth chip-manufacturing facility is rising, along with U.S. hopes of revitalizing a crucial industry.
5 mins
February 25, 2026
Mint Mumbai
Flat hiring, 6.1% growth for IT in FY26: Nasscom
For the second year running, India's information technology (IT) industry body revised its revenue and growth number for the current fiscal as well as the past three years, projecting a threeyear high revenue growth of 6.1% to $315 billion in financial year 2026 (FY26), higher than its earlier estimate of $300 billion, which it had projected in February last year.
3 mins
February 25, 2026
Mint Mumbai
Pentagon flags risks of a major operation against Iran
The Pentagon is raising concerns to President about an Trump extended military campaign against Iran, advising that war plans being considered carry risks including U.S. and allied casualties, depleted air defenses and an overtaxed force.
4 mins
February 25, 2026
Mint Mumbai
Suzlon rejigs top deck to focus on growth and diversification
Suzlon Energy on Tuesday announced a leadership rejig with an eye on expansion, as longtime chief executive officer J.P. Chalasani moved on to oversee the group’s newer projects and a former top executive from the Adani Group stepped into his shoes.
2 mins
February 25, 2026
Mint Mumbai
Tata Sons board defers call on chairman Chandra's 3rd term
The board of Tata Sons on Tuesday deferred a decision on reappointing N. Chandrasekaran as chairman for five more years after objections from Tata Trusts chairman Noel Tata, two executives aware of the matter said.
4 mins
February 25, 2026
Mint Mumbai
Anxiety builds as Iranians brace for looming war with U.S.
As protests rekindle across Iran’s universities and an American fleet builds up offshore, Iranians are girding themselves for the chaos and violence that might unfold if the ruling regime is actually brought down.
4 mins
February 25, 2026
Mint Mumbai
Beijing sees opening in U.S. trade war after court blunts Trump's tariff weapon
The Supreme Court’s decision could give China leverage in coming summit
4 mins
February 25, 2026
Mint Mumbai
Reject this devolution proposal of the 16th Finance Commission
Its recommendation to delink devolution from state commission reports seems too flawed to accept
3 mins
February 25, 2026
Mint Mumbai
Govt spending cuts, weaker exports hit GDP in Q3: Poll
India's economy likely grew at 7 t 7.4% during October-December, moderating from a six-quarter high of 8.2% in the previous three-month period, due to government spending cuts and weak exports, according to a Mint poll of 18 economists.
2 mins
February 25, 2026
Mint Mumbai
US imposes new tariffs at lower 10% rate
The US imposed a new tariff from Tuesday of 10% on all goods not covered by exemptions, the US Customs and Border Protection said, the rate first announced by President Donald Trump on Friday rather than the 15% he promised a day later.
2 mins
February 25, 2026
Listen
Translate
Change font size