NEW DELHI: Amid an ongoing diplomatic row, the number of Indian tourists visiting the Maldives has dropped by 33 per cent as compared to last year, Maldivian website Adhadhu reported, citing data from the Maldives Tourism Ministry. Decrease in market share According to Tourism Ministry statistics for the year 2023, the number of Indian tourists … Read more
ET Intelligence Group: Rajkot-based ethnic snacks company Gopal Snacks is rolling out a ₹650-crore offer for sale in which the promoters are diluting over 12% of their stake from 93.5% to 81% in the company to repay personal debt taken towards forging a family settlement. No proceeds from the IPO are going to the company. … Read more
MUMBAI: Tata-owned BigBasket is broadening its play in the frozen foods space, a category co-founder and CEO Hari Menon said is “untapped” as it looks to gain market share and increase its pie of sales from private labels. To be sure, the company had already forayed into the frozen foods segment with its in-house brand … Read more
Mumbai: India’s paints industry could turn into the proverbial red ocean for several incumbents as Aditya Birla Group flagship Grasim makes a big splash with the ‘Birla Opus’ brand, potentially altering market share and profitability dynamics in a sector that has hitherto expanded with far fewer gyrations than one of its biggest revenue generators – … Read more
MUMBAI: Banks’ share in the outstanding loans to microfinance companies has dropped to 31% in Sept 2023 from 40% in Sept 2021. Banks have lost market share to non-banking finance companies and small finance banks during the period, with both these categories of lenders increasing their share.NBFCs (microfinance companies) had lost market share in loans … Read more
Home Technology Apple Overtakes Samsung: Accounts For Over 20 Percent Of The Market Share Apple has overtaken Samsung as the world’s largest mobile phone manufacturer, accounting for over 20% of the market share in 2023, according to International Data Cooperation (IDC) Representative Image New Delhi: American technology giant Apple has overtaken Samsung as the world … Read more
The initial public offer (IPO) of Medi Assist Healthcare opens for subscription today. The issue, which closes on January 17, is completely an OFS of 2.8 crore shares. Ahead of the issue launch, the company has raised Rs 351 crore from anchor investors. Prominent names who participated in the anchor round include Nomura, Goldman Sachs, … Read more
ET Intelligence Group: Intense competition is expected to make it difficult for InterGlobe Aviation, the owner of IndiGo, to gain market share in the medium term. The country’s largest airline was the biggest beneficiary of Go First’s bankruptcy last May. Between April and September 2023, the market share of IndiGo increased to 63.4% from 57.5%. … Read more
Mumbai: The deal value in the Indian equity capital markets (ECM) experienced a remarkable 66% surge, reaching a high of ₹2.18 lakh crore ($26 billion) in the calendar year 2023 from ₹1.31 lakh crore ($16 billion) in the previous year, according to data from Bloomberg. The number of deals also saw a significant 66% increase, … Read more
TVS Motor eyes to capture a bigger market share in the premium motorcycle segment, which they believe is about to pick further momentum amid rising wealth of Indians, a senior official of the two and three-wheeler manufacturer said on Wednesday. “In India, the infrastructure is growing fast and the disposable income is growing too. People … Read more