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Sat, Jun 23 2018. 06 16 PM IST
Chai Point expects its 2018-19 revenue growth to be a lot higher than the growth rates it clocked over the past two years, boosted by sales of its vending machines. The company opened its 100th store in the country in Bengaluru’s Indiranagar area on Friday, featuring a new menu and a new store design. It plans to open around 40 new stores during 2018-19, which will take its total store count to around 120-125.
Sat, Jun 23 2018. 06 07 PM IST
Air India unveiled the revamped first class and business class, in Boeing aircrafts flying to international destinations, to woo high-end travellers and increase the occupancy to over 80%. The revamped premium class is called “MaharajahDirect”. Passengers travelling in the upgraded premium class will be provided with better upholstery, better nightwear, woolen blankets and travel kits, and ipads personal viewing. The passengers will also be treated to delicious gourmet food and region specific beverages — both alcoholic and non-alcoholic.
Fri, Jun 22 2018. 08 27 PM IST
The development comes as Zomato’s arch-rival Swiggy just a day ago announced a fresh funding of $210 million, the largest by an online food ordering startup. Zomato, which is present in 23 countries, earns revenues from advertising and food delivery. Zomato almost doubled its revenue to Rs 399 crore in the year ended 31 March 2017 and saw a drop in losses to Rs 389 crore from Rs 590 crore, a year ago. Currently, Zomato clocks about $13.4 million in revenues per month.
Fri, Jun 22 2018. 08 17 PM IST
The latest funding, led by Naspers and Yuri Milner’s DST Global, values Swiggy at roughly $1.3 billion, surpassing rival Zomato’s $1.1 billion valuation. Swiggy, founded in August 2014, is one of the fastest entrants into the unicorn club. Swiggy plans to use the funds to ramp up its supply-chain network and expand to new markets. Swiggy operates in 15 cities and claims to have more than 35,000 restaurant partners on its platform. It has a delivery fleet of over 40,000.
Thu, Jun 21 2018. 02 27 PM IST
The new offer of $38 a share of 21st Century Fox, which would be split 50-50 in cash and stock, is $10 higher than Disney’s first bid in December 2017. The Disney-Comcast contest will determine who controls much of Rupert Murdoch’s empire, including Fox’s movie and TV studios, television networks such as FX, and multichannel providers like Star India and Sky Plc. The new offer gives Fox shareholders the option to take their payment in the form of cash or stock, up to a 50-50 level. The previous agreement was an all-stock deal, and Comcast’s cash offer was seen as a significant enticement.
Wed, Jun 20 2018. 03 01 PM IST
China is seeing a boom in people seeking fertility treatment following the end of its decades-long one child policy, turning the country into one of the world’s biggest markets for solutions like IVF. But domestic restrictions on egg donation and surrogacy are sending many to overseas clinics in places like Thailand and Cambodia.
Wed, Jun 20 2018. 02 58 PM IST
Transformation Agenda 2020 conference on India’s changing urban landscape was held in Mumbai on 8 June, organised jointly by Mint and Danfoss. Nitin Gadkari, minister of road transport and highways spoke at the event. The theme ‘India’s changing urban landscape’ will dive deep into the opportunities.
Wed, Jun 20 2018. 02 54 PM IST
World Cup Russia 2018: United States, Mexico and Canada to host the 2026 World Cup. While only 1% of American sports fans older than 55 named soccer as their favourite sport, that number jumps to 11% in the 18-34 age group, tying basketball and comfortably ahead of baseball (6%). The increases in participation and popularity are mirrored by the steady growth of football on US television networks. The English Premier League has broadcast live games on the main NBC network for several years, while the Bundesliga, La Liga, Ligue 1 and the Champions League are also readily available on various cable networks.
Wed, Jun 20 2018. 02 51 PM IST
Environmental changes such as increasing ambient temperature, ozone concentrations and decreasing water availability would decrease yields of leafy vegetables and legume, says a study. Previous research has shown a reduction in yield of staple crops such as rice and wheat because of changes in temperature, rainfall, but impacts on vegetables was largely unknown, the study says. The study included 174 research papers, reporting 1,540 experiments conducted in 40 countries, mainly in southern Europe, North America and South Asia during 1975 to 2016
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