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Voltas profit increased by 159% to ? 334 crore in the first quarter: AC manufacturing company’s revenue increased by 46%, stock rose by more than 10%

Voltas Limited, an air conditioner manufacturing company of Tata Group, has made a profit of Rs 334 crore in the first quarter of FY 2024-25. It has increased by 158.51% as compared to the same quarter a year ago. In Q1FY24 (first quarter of FY 2023-24), the company had a profit of Rs 129 crore. Talking about the consolidated revenue…
Posted inBusiness

Zepto will raise $310 million in funding: This will increase the company’s valuation to $5 billion; Zepto will achieve unicorn status in 2023

Instant grocery delivery app Zepto is preparing to raise an additional $310 million (?2,602 crore) in funding. According to reports, after this fundraising round, the company's valuation will increase by 40% to $5 billion (?41,978 crore) compared to the last funding round last month. According to a report by the Economics Times, with this new round of financing, the total…