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Business News/ Companies / Companies News Today Live Updates on December 9, 2024: How an app selling secondhand clothes went from near collapse to worth $5 bn
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Companies News Today Live Updates on December 9, 2024: How an app selling secondhand clothes went from near collapse to worth $5 bn

17 min read . Updated: 09 Dec 2024, 08:35 PM IST
Livemint

Companies News Today Live Updates on December 9, 2024: Get the latest updates on the company's financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

Companies News Today Live Updates: How an app selling secondhand clothes went from near collapse to worth $5 bnPremium
Companies News Today Live Updates: How an app selling secondhand clothes went from near collapse to worth $5 bn

Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you're an investor, a business professional, or simply interested in the dynamics of various industries, our reports offer a deep dive into the developments that shape the economic landscape. From startups to established giants, we bring you the news that matters to help you make informed decisions in a rapidly changing business environment.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.

09 Dec 2024, 08:35:58 PM IST

Start-ups Today Live: How an app selling secondhand clothes went from near collapse to worth $5 bn

  • Popular in Europe, Vinted is disproving the conventional wisdom about the resale market. Can it eventually crack the U.S.?
Read the full story here

09 Dec 2024, 08:31:05 PM IST

Company News Today Live: Adani’s case against environmental activist Ben Pennings partially dismissed by Queensland Supreme Court

  • The Queensland Supreme Court dismissed key parts of Adani’s lawsuit against Ben Pennings, calling claims 'confused and embarrassing.' No clear link was found between Pennings’ actions and company withdrawals from Adani’s Carmichael coal mine. Adani has until February to refile its claim.
Read the full story here

09 Dec 2024, 07:01:20 PM IST

Company News Today Live: Home interiors is struggling. Can Livspace get its act together and go public?

  • The home interiors segment has seen muted investor sentiment in recent years. Livspace’s pace of growth has slowed and it is still in the red a decade since starting up. Amid challenging conditions, founder Ramakant Sharma plans to take the company public. Can he?
Read the full story here

09 Dec 2024, 05:05:24 PM IST

Company News Today Live: ‘Bizzare’: Noida startup YesMadam fires hundreds of employees for complaining of stress at work; HR email goes viral

  • YesMadam, a Noida-based beauty startup, faces backlash after over 100 employees were allegedly laid off following a stress survey. A viral post by a terminated employee has sparked outrage on social media, with users criticising the company's handling of workplace well-being.
Read the full story here

09 Dec 2024, 03:31:22 PM IST

Company News Today Live: MapMyIndia takes a u-turn, scraps decision to invest in outgoing CEO Rohan Verma’s startup

  • MapMyIndia's Board of Directors scrapped the decision to invest ₹35 crore in exchange of 10 per cent stake in outgoing CEO Rohan Verma's new business venture, on Monday. Shares were trading higher on December 9.
Read the full story here

09 Dec 2024, 03:18:17 PM IST

Company News Today Live: From Apple to Starbucks, Western firms’ China dreams are dying

  • Economic growth is slowing, competition is stiffening and geopolitical tensions loom
Read the full story here

09 Dec 2024, 02:42:42 PM IST

Company Business News Today Live: PE fund Wilson & Hughes to pump in up to ₹1,000 crore to revive Cox & Kings and its sub-brands

  • Cox & Kings, recently acquired by Wilson & Hughes, plans to relaunch as a digital-first travel agency, focusing on leisure and business travel, while exploring franchise opportunities with local travel stores.
Read the full story here

09 Dec 2024, 01:21:55 PM IST

Company News Today Live: Adani Group to invest ₹7.5 lakh crore in Rajasthan, unveils ambitious green energy plans

  • Rising Rajasthan Global Investment Summit: Speaking at the summit, Karan Adani, Managing Director of Adani Ports and SEZ Ltd., detailed the group’s transformative initiatives.
Read the full story here

09 Dec 2024, 12:55:54 PM IST

Company News Today Live: Delhi High Court accepts Mahindra’s undertaking to halt ‘6E’ use for new EV pending trial

  • After accepting the undertaking, the court disposed of IndiGo’s plea for interim relief, issued summons to Mahindra, and scheduled the matter for April 2025.
Read the full story here

09 Dec 2024, 11:42:27 AM IST

Company News Today Live: Flipkart IPO likely in 12-15 months, plans to shift domicile to India ahead of listing, says report

  • Flipkart, India's largest e-commerce firm, valued at $36 billion, is set for an IPO within 12-15 months. The Walmart-owned company has moved its domicile from Singapore to India and aims for a public share sale by the end of 2025.
Read the full story here

09 Dec 2024, 11:35:15 AM IST

Company News Today Live: Gentari to supply green power to AM Green Ammonia

  • The collaboration represents a significant step toward achieving net-zero goals in India and OECD markets while positioning India as a global leader in green hydrogen and ammonia production.
Read the full story here

09 Dec 2024, 10:29:42 AM IST

Company Business News Today Live: Apple tops the list of best-managed companies of 2024

  • Tech companies hold six of the top 10 spots, while Mastercard jumped to fifth place from 24th last year.
Read the full story here

09 Dec 2024, 08:02:44 AM IST

Company News Today Live: If you can’t combat threats in real-time, you’ve already lost: Palo Alto Networks CIO Meerah Rajavel

  • AI has reshaped security for companies with a sharp rise in the sophistication and number of attacks, and the speed at which they are executed, Rajavel said.
Read the full story here

09 Dec 2024, 06:00:17 AM IST

Company News Today Live: IndiaRF to invest up to ₹1,000 cr in Anthea Aromatics

  • IndiaRF, which manages close to $850 million in assets from its maiden Fund 1, has 12 investments across nine sectors. Its investments largely focus on key India-centric themes such as domestic consumption, export-driven strategies, and core manufacturing.
Read the full story here

09 Dec 2024, 05:30:37 AM IST

Company Business News Today Live: Black Friday to Valentine’s Day: Flash sales become vital for online companies to retain visibility

  • Flash sales have become a year-round strategy for retailers, particularly D2C companies, to boost revenue and visibility. Events like Black Friday have gained popularity, with significant sales spikes, but frequent discounts risk diluting brand value.
Read the full story here

09 Dec 2024, 05:30:17 AM IST

Company Business News Today Live: Go First's airport slots may be up for grabs for rivals soon

  • The Centre plans to set up a committee to redistribute these slots to help other carriers manage operations on congested routes and airports
Read the full story here

09 Dec 2024, 05:30:15 AM IST

Company Business News Today Live: GenAI may pile pricing pressure on customer support and maintenance work of IT services companies

  • The industry will see pricing pressure beginning next year as contracts heavy on coding and phone support come up for renewal, multiple analysts and industry executives said.
  • The first to take the hit will be the businesses of making and maintaining software apps, and providing customer support.
Read the full story here

09 Dec 2024, 05:00:13 AM IST

Company Business News Today Live: NTPC in talks with Maersk to sell green methanol for fuelling its ships

  • In response to stricter marine fuel standards, NTPC Green Energy is exploring a partnership with Maersk to supply green methanol. The subsidiary plans to establish a hub in Andhra Pradesh to produce multiple green fuels and aims for substantial exports to meet growing demand.
Read the full story here

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