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Amazon Business corporate gifting store sees 134% growth in festive sale

Economic TimesEconomic Times · 10m ago
Amazon Business corporate gifting store sees 134% growth in festive sale
Medial

- Amazon Business recorded a 134% YoY growth in its corporate gifting store during the first ten days of the Amazon Great Indian Festival 2024. - The period saw a 95% increase in total orders and a 107% rise in customers making a purchase. - Kitchenware, particularly mixer grinders and juicers, showed a significant 5.5x YoY growth and emerged as the most gifted category. - Headphones and speakers were the most popular tech gifting items, while chocolates, dry fruit, and tea-coffee hampers were favored in the snacks and sweets category. - The growth in the corporate gifting store reflects the rapid adoption of e-procurement across India and the evolving needs of modern businesses. - Amazon Business, launched in 2017, serves various institutions and offers over 8,500 GST-enabled products and corporate gifting options.

Citigroup sells Swiggy shares worth Rs 12 Cr to BNP Paribas in bulk deal

EntrackrEntrackr · 1m ago
Citigroup sells Swiggy shares worth Rs 12 Cr to BNP Paribas in bulk deal
Medial

Citigroup Global Markets, the brokerage and investment banking subsidiary of US-based Citigroup Inc., has sold shares of Swiggy to BNP Paribas Financial Markets, the investment arm of French banking giant BNP Paribas, through a block deal. Citi has sold 3.2 lakh shares at Rs 381 each to Paribas Financial Markets worth Rs 12.2 crore, according to data accessed from the stock exchange via bulk deal. Swiggy posted Rs 4,410 crore revenue in the last quarter of the financial year ending March 31, 2025, along with a loss of Rs 1,081 crore in the same period. Swiggy's food delivery business remains a significant revenue driver, contributing 37%, followed by quick commerce. Swiggy’s stock is currently trading at Rs 392.2 (as of 11:42 AM), with a total market cap of Rs 96,030 crore.

Blackbuck posts Rs 144 Cr revenue in Q1 FY26, profit grows 17%

EntrackrEntrackr · 23d ago
Blackbuck posts Rs 144 Cr revenue in Q1 FY26, profit grows 17%
Medial

Blackbuck has released its financial report for the first quarter of the ongoing financial year ending March 2026. The Bengaluru-based company reported a 57% year-on-year growth in scale in Q1 FY26 and posted a profit of Rs 34 crore in the quarter. Blackbuck's revenue from operations grew to Rs 144 crore in Q1 FY26 from Rs 92 crore in Q1 FY25, its financial statements sourced from the National Stock Exchange show. On a quarter-on-quarter basis, Blackbuck’s operating revenue increased 18% to Rs 144 crore in Q1 FY26 from Rs 122 crore in Q4 FY25. Revenue from its truck operator services was the primary source of revenue, accounting for 98% of total operating revenue. The company also made Rs 16 crore from interest income which took its overall revenue to Rs 160 crore in Q1 FY26, compared to Rs 98 crore in Q1 FY25. Looking at the expenses, the employee benefit cost accounted for 32% of the overall expenditure which fell 5% year-on-year to Rs 37 crore in Q1 FY26 from Rs 39 crore in Q1 FY25. Deprecation and other operating expenses were key overheads that drove total expenditure to Rs 114 crore in Q1 FY26, compared to Rs 92 crore in the same quarter last year. Blackbuck’s net profit increased 17% to Rs 34 crore in Q1 FY26, as compared to Rs 29 crore in Q1 FY25. Blackbuck debuted on the stock exchange at Rs 208.90 and is now trading at Rs 481.85 (at 15:26 PM), bringing its total market capitalization to Rs 8,670 crore ($1 billion).

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