Articles for tag: 1MG, Bigbasket, Digital, Losses, Narrows, Profitable, Restructuring, Revenue, Rising, Strategic, Tata, Thrives, Turns

September 8, 2024

Tata Digital narrows losses; Bigbasket thrives with rising revenue, while Tata 1MG turns profitable amidst strategic restructuring.

In FY24, Bigbasket, India’s leading e-grocery platform, reported a revenue increase of 5.7%, reaching Rs 2,391.83 crore, compared to Rs 2,261.28 crore in FY23. The company also narrowed its losses to Rs 128 crore from Rs 215.21 crore the previous year. Tata Digital, the e-commerce division of Tata Sons, saw its losses shrink to Rs ...

September 3, 2024

Market News

Business

China’s Shift: Navigating Africa’s Debt Trap Towards Profitable Partnerships

As Chinese President Xi Jinping hosts African leaders in Beijing, he enters a new economic phase focused on generating greater returns while minimizing risks. Over the last decade, China has invested over $120 billion in Africa through its Belt and Road Initiative, but some projects have faltered, leading to accusations of debt traps and corruption. ...