India’s largest retailer, Reliance Retail, reported 17% contribution from ecommerce sales to consumers and to smaller shops for orders booked digitally as compared to 10% a year back, while for Tata-owned Trent Ltd it has surged to 7% as compared to 5% in FY21.
The round also includes a secondary share sale in which some of its early individual investors will exit. Once the deal is closed, the startup is expected to be valued at $80-100 million, people briefed on the matter said.
India’s largest retailer, Reliance Retail, reported 17% contribution from ecommerce sales to consumers and to smaller shops for orders booked digitally as compared to 10% a year back, while for Tata-owned Trent Ltd it has surged to 7% as compared to 5% in FY21.
Toyota Kirloskar Motor and Toyota Kirloskar Auto Parts signed a memorandum of understanding with the southern state of Karnataka to invest 41 billion rupees, the group said in a statement Saturday. The rest will come from Toyota Industries Engine India.
Toyota Kirloskar Motor and Toyota Kirloskar Auto Parts signed a memorandum of understanding with the southern state of Karnataka to invest 41 billion rupees, the group said in a statement Saturday. The rest will come from Toyota Industries Engine India.
While some measures may have been in the works prior to the breaches, their urgency and attraction have increased after hackers siphoned more than $1 billion out of crypto bridges like Wormhole and Ronin -- most of it in February and March.
Xiaomi has been under investigation since February and last week the Indian agency seized $725 million lying in the company's India bank accounts, saying it made illegal remittances abroad "in the guise of royalty" payments.
