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What's popular during festive season sales; What IPO valuation means to Swiggy

  • India Inc has upped the gifting budgets, and corporates are tying up with online portals to curate customised gifts for employees on Diwali.
  • Tiger Global-backed digital lender MoneyView's revenue rose sharply 75% YoY to Rs 1,012 crore.
  • Fintech Credgenics turned profitable with its parent boosting revenue by 72% YoY.
  • EV enabler BatterySmart nearly tripled its revenue but its losses also more than doubled.
  • Elcid Investments has dethroned MRF to become the most expensive stock.
  • Flipkart managed to clock 33 crore user visits during early access and day 1 of its Big Billion Days festive sale.
  • Swiggy expects Instamart to outpace its core food delivery business.
  • Meesho reported a 33% growth in revenue and narrowed its adjusted losses by 97% to Rs 53 crore in FY24.
  • Chinese electric vehicle manufacturer BYD overtook Tesla in quarterly revenue for the first time.
  • Reddit just turned a profit for the first time, reporting a profit of $29.9 million, along with $348.4 million in revenue—a 68% increase YoY.

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