Zara Shuts Flagship Mumbai Store
Annual Rent: ~₹30 crore
Monthly Rent: ₹2.25 crore
Daily Rent: ₹7.36 lakh
New tenant Purple Style Labs to pay ₹10 lakh per day in rent.
Mumbai's real estate market is on fire! 🔥
New Property Taxation Scenarios:
1) Modest Gains, High Burden
2004 Buy Price: ₹50 lakh
2024 Sell Price: ₹1.6 crore
Old Taxation: ₹7,339
New Taxation: ₹13.75 lakh
Your tax liability jumps from ₹7,339 to ₹13.75 lakh!!!
2) Moderate Gains, Heavier Lo
Global IT service provider Capgemini will set up a new state-of-the-art facility in the city, committing an investment of Rs 1,000 crore over the next three years.
The construction of the 5,000-seat facility, spread across six lakh square feet, is
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Harsh Dwivedi
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Medial • 4m
Top News of Today: (9th October)
1) ShareChat Launches Social Media App ‘Vibely’ With Private Calling Feature
2) Zinka Logistics, the parent company of BlackBuck, reduced its losses by 33% to Rs 193.9 crore in FY24 compared to the previous year.
3)
Zepto moving headquarters from Mumbai to Bengaluru. ‘Employees told to relocate’
Quick commerce startup Zepto is preparing to move its base from Mumbai to Bengaluru, Monecontrol reported. The company will move from Powai in Mumbai to Sarjapur in Ben
Top News of the Day:
1. Nasher Miles, a digital-first luggage brand, has raised $4 million in its bridge round to Series A
2. SoftBank-backed Ola Electric suspends car project to focus on scooters, bikes
3. Emami set to acquire 100% stake in The
Top News of the Day:
1. Full-stack eyewear platform EyeMyEye has raised Rs 20.8 crore (approximately $2.5 million) in a new tranche as part of its pre-series A round.
2. Butterfly Learnings, a platform in paediatric behavioural and developmental he
Top News of the Day:
1. Cloud telephony platform Exotel suffers data breach
2. Uber to bring ‘Black’ back in big premiumisation push
3. Temasek in talks for up to $150-million bite of Rebel Foods
4. Tata Digital rolls out Esops for its senior exe
Top News of the Day:
1. Zomato crosses $25 Bn market cap with Rs 253 Cr profits in Q1FY25
2. Facebook parent Meta sees strong global ad sales while keeping AI costs in check
3. FirstCry announces Rs 440-465 price band for Rs 4,194 crore IPO.
4.
Here are today's top business, finance, startup, and entrepreneurship news:
India:
India Anticipates Robust IPO Activity in 2025: Despite a slowing economy, India is gearing up for a significant year in initial public offerings (IPOs). At least sev
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Harsh Dwivedi
•
Medial • 7m
Top News of the Day:
1. IPO-bound food delivery giant Swiggy has made key executive appointments ahead of its public listing.
2. YouTube app and website down for some users in India
3. India’s pet retail on its way up as Upstox founders invest in