Following the announcement of its Q4 FY24 results, Zomato stated that Blinkit plans to expand its store footprint to 1,000 by the end of FY25, up from 526 stores as of March 31, 2024, with 75 stores added in Q4.
The company had posted a loss of Rs 167.5 crore in the same period a year ago, the company said in a regulatory filing
The statement added that four banks Axis Bank, HDFC Bank, SBI and YES Bank will act as the payment system provider to Paytm
India's booming tech sector has suffered a major blow as startup darlings Byju's and Paytm plunge into crisis amid regulatory scrutiny
The action against Paytm Payments Bank was triggered by what RBI officials called persistent non-compliance with regulations
The stock tanked 20 per cent to Rs 487.05 its lowest trading permissible limit for the day at the BSE
However, the stock cooled off slightly and around 10:35 am, it was up 2.24 per cent at ₹925.85
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