Revenue from operations for the payments major stood at Rs 2,341.6 crore for the June quarter, a 39.4% increase on year. Operational revenue growth for the firm, however, fell almost 5% on a sequential basis for the recently concluded quarter.
This week was Dunzo’s worst ever since it pivoted to quick commerce with Dunzo Daily in 2021. At ETtech, we have been closely tracking the Reliance Retail and Google-backed firm. What has come to pass has been in the making for a while.
The undertaking given by the Centre to the Bombay High Court to not constitute the Fact Check Unit has been extended to September 4.
At a White House event, Biden addressed growing concerns about the potential for artificial intelligence to be used for disruptive purposes, saying "we must be clear-eyed and vigilant about the threats from emerging technologies" to US democracy.
Britain's Competition Appeal Tribunal granted the adjournment application which was requested jointly by the antitrust regulator, the CMA, and Microsoft, as part of the latter's plan to try to buy Activision Blizzard.
Every silver lining has a cloud. Infosys announced its first quarter results on Thursday, reporting an 11% rise in profit on-year. However, the company cut its revenue guidance, highlighting the macro challenges for the IT sector. This and more in today’s ETtech Morning Dispatch.
It's a win-win proposition with these mostly consumer-facing startups getting a face to push their brands besides the money, and celebrities getting a low-risk, high-potential investment opportunity.