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Searchlight: Post-pandemic hangover weakens MRK Healthcare’s financials

VCCircle

VCCircle · 1y ago

Searchlight: Post-pandemic hangover weakens MRK Healthcare’s financials

Mumbai-based MRK Healthcare Pvt Ltd, operating under the Nulife brand, is expected to report a decline in revenues for the fiscal year ended March 2024. The company, which experienced a steady rise in revenues in the three years prior to the pandemic, saw its financials weaken due to the post-pandemic impact. MRK Healthcare specializes in healthcare products and devices.

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Job applications at Infosys dip to pre-covid level, even lesser jobs offered

Livemint

Livemint · 1y ago

Job applications at Infosys dip to pre-covid level, even lesser jobs offered

Job applications at Infosys Ltd have returned to pre-Covid levels, while job offers have fallen below pandemic levels. This is likely due to lower hiring requirements by IT services companies, a hangover from mass hiring during the pandemic, and the appeal of global capability centers. While Infosys received a similar number of applications as pre-Covid times, the number of jobs offered last year was significantly lower. Experts suggest that traditional IT services firms may no longer be viewed as exciting career tracks for young applicants, who are seeking more challenging work and better opportunities at global capability centers and startups.

Searchlight: Emnar Pharma poised to turn around after a decline in FY23 financials

VCCircle

VCCircle · 1y ago

Searchlight: Emnar Pharma poised to turn around after a decline in FY23 financials

Emnar Pharma Pvt. Ltd, a pharmaceutical company, is expected to recover in profitability for the fiscal year 2024 due to improving financial factors such as reduced debt levels and lower raw material costs. The company, specializing in API, biotech, and drug intermediaries, experienced a decline in its financials for the fiscal year 2023. However, with these improvements, it is anticipated that Emnar Pharma will see a turnaround in its financial performance.

Tata Capital to file draft IPO papers after NCLT nod on merger with Tata Motors Finance

YourStory

YourStory · 5m ago

Tata Capital to file draft IPO papers after NCLT nod on merger with Tata Motors Finance

Tata Capital plans a $2 billion IPO post-approval from the NCLT for Tata Motors Finance's merger, expected by FY25's end. The IPO includes 2.3 crore shares via fresh issue and OFS. The move aligns with RBI's listing mandate for upper-layer NBFCs, aiming to list within three years. A rights issue will also boost financials. Tata Capital marks Tata Group's second listing post-Tata Technologies (2023), with Tata Sons holding 92.83% ownership.

Indian edtech companies eye larger offline play in post-pandemic world

Economic Times

Economic Times · 2y ago

Indian edtech companies eye larger offline play in post-pandemic world

Indian edtech companies are looking to expand their presence in the offline education space in a post-pandemic world, according to The Economic Times. While the online learning sector saw significant growth during the pandemic, edtech firms are now focusing on a larger offline presence to complement their digital offerings. This move aims to provide a more holistic and blended learning experience, catering to diverse learning preferences. The edtech sector scaled record highs during the pandemic as education moved online, but has since been among the worst affected in terms of funding and layoffs, particularly in the tuition, K12 and test-prep segments.

The Demise of China’s Hottest Online Shopping Craze

Wired · 18d ago

The Demise of China’s Hottest Online Shopping Craze

During the pandemic, China's "community group buying" thrived, allowing bulk purchases for savings. Platforms like Meituan and Alibaba's Taocaicai rose but are now in decline as faster delivery services emerged post-pandemic. Despite early success, group buying faced profitability issues, political scrutiny, and drove some traditional grocers out of business. The transition to quick delivery services is reshaping the landscape, with group buying's appeal waning as consumers prefer the convenience of near-instant groceries.

Misleading Start-Ups Report? Opposition Slams Kerala Govt for Paying $48K to Fabricate Growth Data

OutlookIndia

OutlookIndia · 5m ago

Misleading Start-Ups Report? Opposition Slams Kerala Govt for Paying $48K to Fabricate Growth Data

Kerala's opposition leader, VD Satheesan, accused the state government of paying $48,000 to US-based Startup Genome for allegedly fabricating a report that exaggerated growth in Kerala’s startup sector. The report claimed a 254% growth by comparing data from pandemic (2019-2021) and post-pandemic years. Satheesan criticized this misleading comparison as a tactic to falsely present the state’s economic progress. Kerala Startup Mission defended the report’s credibility, asserting its independent assessment and longstanding global cooperation.

For 19 years I dreamt of this: EaseMyTrip Co-founder Pitti on buying Lamborghini

IndianStartupNews

IndianStartupNews · 1y ago

For 19 years I dreamt of this: EaseMyTrip Co-founder Pitti on buying Lamborghini

EaseMyTrip co-founder, Rikant Pitti, fulfilled his dream of owning a Lamborghini Urus Performante. In a LinkedIn post, he shared the journey of EaseMyTrip and expressed his passion for changing the travel scene with technology and services. Pitti highlighted that despite the COVID-19 pandemic, he continued to work towards his dream while also donating oxygen concentrators to NGOs and hospitals. Pitti's post received mixed reactions, with some praising his achievements and others suggesting it was self-congratulatory.

Edtechs have a reality check moment. Will they survive it?

Livemint

Livemint · 1y ago

Edtechs have a reality check moment. Will they survive it?

The edtech sector, which experienced a surge in investment and growth during the pandemic, is now facing challenges. Funding has declined by over 90% post-pandemic, leading to a reduction in mergers and acquisitions. Edtech firms are experiencing a drop in valuations and have resorted to layoffs. Over 700 edtech companies have shut down since 2022. However, experts believe that edtech can recover once funding improves, and companies with strong fundamentals and the ability to adapt are likely to succeed. Consolidation and strategic partnerships may also shape the future of the sector.

Spiritual apps get blessed with more users, investors post Covid

Economic Times

Economic Times · 1y ago

Spiritual apps get blessed with more users, investors post Covid

The post-pandemic surge in online engagement and the increased interest in spiritual practices have led to the success of apps offering spiritual and devotional services. Popular apps such as Astrotalk, AppsForBharat, Vama.app, DevDham, and Utsav are benefiting from this trend, with some even contributing to spiritual tourism. The pandemic has paved the way for the growth of astrology and spiritual apps, which are now generating substantial revenue. The strong vein of spirituality in India, combined with the rising digital engagement across sectors, has contributed to the increased acceptance and usage of these services.

India's Shoppers Stop tumbles over 11% after CEO resigns

Reuters · 1y ago

India's Shoppers Stop tumbles over 11% after CEO resigns

Shares of Shoppers Stop (SHOP.NS) dropped by 11.5% after CEO Venugopal Nair resigned for personal reasons. The stock fell 11.1% to 721.8 rupees. Kavindra Mishra, the Chief Commercial Officer, was promoted as the new CEO and executive director. Nair had joined in 2020 to lead post-pandemic transformation into an omnichannel retailer.

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