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Inspired by travel aggregators, Policybazaar aimed to simplify insurance purchase by offering online comparison and purchase options. However, launching in 2008 amidst a financial crisis and overcoming initial skepticism towards online insurance buying were significant hurdles, said Tarun Mathur.

PhonePe challenges the app store duopoly with the launch of Indus Appstore, boasting over 2 Lakh apps and offering a fee-free environment for developers.

The Indus Appstore looks to take on tech giants Google and Apple by not charging developers any platform fee or commission for in-app payments. Developers will also be allowed to integrate any payment gateway of their choice inside their apps.

Indus Appstore News: The Indus Appstore looks to take on tech giants Google and Apple by not charging developers any platform fee or commission for in-app payments. Developers will also be allowed to integrate any payment gateway of their choice inside their apps.

On the technical charts, the RSI of the stock stood at 56.9.

As of 31-Dec-2023, promoters held 37.91 per cent stake in the company, while FIIs held 30.47 per cent and domestic institutional investors had 11.97 per cent.

As the company moves to generate revenues outside food delivery, the proportion is starting to shift. It is now banking on businesses like Blinkit and Hyperpure to power its growth

"We suggest maintaining a positive yet cautious stance as Nifty is set to retest its record high. Needless to say, we need sustainability above 22,150 to end the consolidation and march towards the 22,500+ zone else profit-taking may resume," said Ajit Mishra, Religare Broking.

What the numbers say about the Indian economy, markets, Life, the Universe and Everything

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