E-commerce marketplace Meesho has launched Valmo, a portmanteau of value and movement, in an effort to build a pan-India level logistics solution.
By partnering with fulfilment centres across the country, Valmo aims to create a national logistics solution by eliminating entry barriers for local players and helping them grow their businesses, Meesho said in a statement.
The Maldives’ post-pandemic growth has been strong, but fiscal and external vulnerabilities have increased, calling for urgent policy adjustment, according to the International Monetary Fund.
“Without significant policy changes, the overall fiscal deficits and public debt are projected to stay elevated, and the Maldives remains at high risk of external and overall debt distress," the IMF said in its Article IV mission on the island country.
Three companies that will launch its initial public offerings on Wednesday have raised over Rs 500 crore from anchor investors. Rashi Peripherals Ltd. has garnered Rs 180 crore, while lenders Jana Small Finance Bank Ltd. and Capital Small Finance Bank Ltd. have mopped up Rs 166.95 crore and Rs 157 crore, respectively.
MetaVerse and gaming tech company OneVerse have acquired Spartan Poker for an undisclosed sum, as macroeconomic headwinds and unfavourable GST rules lay the ground for consolidation in the real money gaming space.
"This is a continuation of OneVerse’s merger and acquisition strategy, looking to consolidate the gaming market and work towards becoming India’s premier gaming company," it said in a statement.
Britannia Industries Ltd.'s third quarter profit declined on account of a one-time gain in the base quarter but met analysts' estimates.
The consolidated net profit of the Marie Gold biscuit-maker fell 40.4% over the previous year to Rs 555.6 crore in the October-December quarter, according to an exchange filing on Wednesday. That compares with the Rs 552.8-crore consensus estimate of analysts tracked by Bloomberg.