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Upwork • 9m
China's Q3 Economic Slowdown GDP Growth: China’s GDP grew by 4.6% year-on-year in Q3 2024, down from 4.7% in Q2, falling short of the 5% target. Property Sector Challenges: New home prices declined by 5.8% year-on-year in September, marking the fastest drop since May 2015. The property market continues to struggle with oversupply and weak demand. Industrial Production: Industrial output increased by 5.4% in September, exceeding expectations and showing some resilience. Retail Sales: Retail sales rose by 3.2% year-on-year in September, indicating a slight recovery but still reflecting weak consumer demand. Government Response: The People's Bank of China has implemented support measures, including a share buyback and swap facility, potentially injecting up to 800 billion yuan into the stock market.
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Revenue Breakdown of Quick Commerce Companies (Q3 FY25)! • In Q3 FY25, Zomato reported ₹5,405 crores in revenue with a net profit of ₹59 crores, which fell by 57.3% compared to Q3 FY24. • Meanwhile, Blinkit independently reported ₹1,399 crores in r
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Airtel Payments Bank’s consolidated net profit jumped 82.6% to INR 63 Cr in the financial year ended March 31, 2025 (FY25) from INR 34.5 Cr in the previous fiscal year, driven by strong adoption of digital banking solutions. In Q4 FY25, its profit i
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Fintech major PB Fintech’s consolidated profit after tax (PAT) zoomed 2.8X to INR 170.7 Cr in Q4 FY25 from INR 60.2 Cr in the year-ago quarter. On a sequential basis, the company’s profit jumped 2.3X from INR 71.5 Cr in Q3 FY25. The PolicyBazaar par
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Outlook 2025: Indian Stock Market Poised for Moderate Growth The Indian stock market ended 2024 on a subdued note, with the final trading day reflecting weak global cues. The Sensex remained in the red for most of the session, while the Nifty hit a
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