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Flipkart was the market leader, with a 48% share in India eCommerce, growing faster than the industry." It identifies mobile and apparel as Flipkart's largest categories, constituting approximately 50% and 30% of its mix, respectively. Flipkart is estimated to hold 48% and 60% market share in the online smartphone and online fashion markets, respectively," the report stated.

Following the early stages of Jane Fraser's Bora Bora reorganisation,Financial News today published a list of the next rung down of Citi managing directors who report to its new sole EMEA head of investment banking, Jens Welter. As with theNovember revelation of the senior appointments at Welter's level, it's all a bit surprising.

intech and digital lending industry is one of the fastest-growing segments in the financial sector, with a projected market size of $720 billion by 2030. The gold loan industry along with India's fintech and digital lending industry has been providing innovative and accessible credit solutions to millions of consumers and businesses, especially in rural and underserved areas, through digital platforms, aggregator platforms, and technologies. Within the fintech segment, the gold loan industry exhibits substantial growth prospects.

HanuMan Box Office Collection Day 14: The magnum opus HanuMan continued its impressive run at the box office, collecting an estimated Rs.108.79 crore net for the Telugu version till its 14th day in India. This brings the film's total domestic net collection to a commendable ₹150.43 crore. The movie collected around ₹3.28 crore on Day 14, indicating a decline of 6.29%, according to early estimates.

Latest news today (January 26): Presenting FE’s Breaking News today. We will keep you updated on all major news, views and much more throughout the day.

The number of outstanding credit cards rose nearly 2% month-on-month to 97.9 million as on December 31. It rose nearly 20.6% year-on-year.

Housing rents have surged by a substantial 25–30 percent in top micro-markets within major cities since 2019. Meanwhile, the average monthly rents for residential properties have experienced a notable uptick of 15-20 percent across the top 8 cities compared to the pre-pandemic era of 2019, according to a report by Housing.com.

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Gurugram, one of the most significant cities amongst top metro cities, has become a focal point for Grade A office spaces, with a unique catalyst driving this surge—Global Capability Centers (GCCs) that global companies set up offshore to access specialized high-skill talent to ensure sustainable business growth. These GCCs, synonymous with innovation and research and development (R&D), are transforming India’s economic orientation.

Microsoft's Threat Intelligence team, stating that the group has been targeting various organisations. Microsoft has initiated notification processes for the targeted entities. Also Read | FTC launches inquiry into artificial intelligence deals such as Microsoft's OpenAI partnership Recent developments suggest that Midnight Blizzard's activities extend beyond Microsoft.

Archaeological Survey of India (ASI) survey report on the Gyanvapi mosque complex. As reported by ANI, advocate Vishnu Shankar Jain, representing the Hindu side, expressed that the ASI's findings are conclusive. According to Jain, the survey affirms the presence of a substantial Hindu Temple predating the construction of the current structure at the Gyanvapi mosque complex.

Republic Day, issuing an 'orange alert' for January 26, as per a PTI report. Until 8.30 am, visibility in the national capital is expected to be limited to only 400 metres due to the foggy weather. However, there is a forecast for improvement, with visibility levels expected to reach 1,500 metres by 10.30 am.

As against the money-metric approach used earlier, the Niti Aayog prefers to use poverty estimates based on the UNDP suggested multi-dimensional poverty index (MPI). Unlike the former that was based on consumption expenditure, the MPI uses a number of indicators on different aspects of well-being. The national MPI is based on data from the National Family Health Survey (NFHS), of which the most recent one available is for 2019-21 (and there are previous surveys for 2005-06 and 2015-16).

RBI has allowed LIC to acquire an additional 4.8% stake in HDFC Bank, raising its total stake to 9.99% by January 24, 2025. LIC owned a 5.19% stake in HDFC Bank as of December 2023. HDFC Bank, in a notification to stock exchanges on Thursday, said LIC has received approval from the RBI to acquire up to 9.99% in the bank by January 25, 2025.

OpenAI CEO Sam Altman is visiting South Korea on Friday and meeting leaders of chipmakers Samsung Electronics and SK Hynix, two sources with knowledge of the matter said. Altman is expected to discuss potential partnerships for making chips, the sources said, declining to be identified.

shares jumped nearly 13% to a more than 10-year high on Thursday after the company reported a better-than-expected revenue outlook backed by strong demand for its artificial intelligence (AI) services. Orders from IBM's generative AI business, which includes bookings and sales from services such as those powered by its Watsonx AI platform, doubled in the fourth quarter and are expected to help its revenue grow by around 4%-6% in 2024, the company reported late on Wednesday. Consulting firms and software companies, including Germany's SAP SE, account for much of IBM's AI-related bookings, IBM Chief Financial Officer James Kavanaugh told Reuters. IBM shares rose to a peak of $196.89, their highest since June 2013, adding about $20 billion to the company's market capitalization.

Intel on Thursday forecast revenue for the first quarter that could miss market estimates by more than $2 billion, as it grapples with uncertain demand for its chips used in the traditional server and personal computer markets. Shares fell 10% in after-hours trading, setting the stock up for a roughly $20 billion fall in market value on Friday if the losses held. Intel stock gained 66% in the past year, as the PHLX Semiconductor Index rose 53%. In an interview, Chief Executive Officer Pat Gelsinger said that the company's core businesses of PCs and servers were hitting seasonal low demand at the same time as noncore businesses such as auto chip firm Mobileye.

MSCI's broadest index of Asia-Pacific shares outside Japan held broadly steady and was on track for a weekly gain of 2%. Trading was thinned with Australia out on a holiday. Chinese stocks looked set to end the week on a strong footing as a wave of policy support from Beijing restored fragile investor confidence and put a floor under its sliding stock market. The blue-chip index rose 0.03% and was eyeing a 2% weekly gain, while the Shanghai Composite edged 0.3% higher, putting it on track for a 3% weekly rise, its largest since July 2023. Hong Kong's Hang Seng Index eased 0.41%, but was still more than 5% higher for the week, also its best performance since last July. In an attempt to shore up its fragile economic recovery, China's central bank announced a deep cut to bank reserves on Wednesday, in a move that will inject about $140 billion of cash into the banking system. Those came a day after Bloomberg News reported Chinese authorities are seeking to mobilise about 2 trillion yuan ($278.98 billion), mainly from the offshore accounts of Chinese state-owned enterprises, as part of a stabilisation fund to buy shares. «We remain cautious on China, in line with our view for several years,» said John Pinkel, a partner and portfolio manager at Indus Capital. «We see evidence of selling induced by structured 'snowball' products, especially from onshore China sources.

South Korea's SK Hynix Inc., the world's second-largest memory chipmaker, announced a return to profitability in the fourth quarter of 2023. The company recorded an operating profit of 346 billion won ($259.8 million), significantly outperforming market expectations of a 192 billion won operating loss. This marks a stark contrast to the 1.9 trillion won loss reported in the same quarter a year earlier. The profit is attributed to a surge in revenue by 47%, driven by strong demand for AI-focused memory chips.

The central People’s Bank of China says it plans to expand its “cross-border” digital yuan pilot in Hong Kong.

BENGALURU , NEW DELHI : Peak XV-backed Rebel Foods that owns Faasos, Behrouz Biryani and Mandarin Oak is working towards an initial public offering (IPO), which would make it the country’s first cloud kitchen business to go public. Rebel Foods plans to file its draft share sale papers in the later half of the year and list on exchanges next year. “An IPO is an important milestone for the company since it became a unicorn.