Apart from the drastic slip in valuation, a report from analytics company Kantar revealed that 26% of marketing firms plan to reduce their advertising spending on X next year.
Lulu Group intends to establish an international-standard shopping mall featuring an eight-screen IMAX multiplex in Visakhapatnam, as well as state-of-the-art hypermarkets in Vijayawada and Tirupati.
Cisco has opened its first manufacturing facility in Chennai, committing over USD 1.3 billion annually in exports and domestic production while creating 1,200 jobs in Tamil Nadu.
Accenture plans to hire more technology talent in India, maintaining its talent strategy. With over 300,000 Indian employees, the firm expects significant growth in FY 2025, anticipating revenues between $16.8 billion and $17.4 billion.
The Swiggy IPO comprises a fresh issue of equity shares worth ₹3,750 crore and an offer-for-sale of 18, 52,86,265 equity shares by existing shareholders.
Until recently, Asirvad Micro Finance was actively promoting its IPO through roadshows. However, these efforts have come to a standstill, indicating a lack of progress towards the listing