Wow! Momo Foods, one of India's leading QSR chains, has opened 80 new stores and entered 15 new cities in just the first four months of the financial year. With plans to be present in 100 cities by the end of FY26, the brand is on track to cross INR 1,000 crore in revenue and exceed 1,000 stores within the next 18 months. This growth is supported by investments in product innovation and technology, including the launch of the Wow1 Eats ordering app and new product collaborations with celebrity chef Ranveer Brar. With a diverse portfolio and a focus on sustainability and profitability, Wow! Momo Foods is redefining success in the QSR sector.
The Department for Promotion of Industry and Internal Trade has joined hands with Hero MotoCorp and Zepto to boost the growth of startups in various industries. As part of the partnership, selected startups will receive access to Hero MotoCorp's innovative facilities and mentorship opportunities. This collaboration aims to support and scale startups working on clean technology, deep technology, and future mobility solutions.
Kissht, one of the leading loan apps, is making a huge impact on people's lives in India. By combining technology with empathy, Kissht offers instant loan solutions without any hassle. Through real-life stories of individuals like Shivani and Priya, it is clear that Kissht is the go-to platform for immediate financial support in times of crisis. With a quick and easy loan approval process, Kissht allows individuals to focus on more important matters, such as their loved ones' well-being, instead of worrying about paperwork.
Hero MotoCorp is set to shake up the 125cc segment in India with the launch of their next-generation Glamour 125, which is rumored to be equipped with Cruise Control. This would make it India's most futuristic 125cc two-wheeler, giving competition to the likes of Bajaj, Honda, and TVS. The vehicle is set to be launched this August, with expectations of a segment-disrupting impact due to its unique features.
President Donald Trump suggests a second meeting with Russian President Vladimir Putin, saying it would be "more important" than the first meeting during their upcoming summit in Alaska. The US president also plans to call Ukrainian President Zelensky to explore the possibility of a second meeting, stressing that if this initial meeting goes well. Meanwhile, the White House has declared its commitment to ending the Ukraine conflict and Trump's proposed meeting with Putin has been met with praise from the Kremlin. However, UK Prime Minister Keir Starmer cautions Putin to prove his sincerity in seeking peace.
In the fast-paced world of ecommerce, reviews matter more than ever. And as shoppers become increasingly wary of third-party review sites, the rise of TikTok as a platform for real-time reactions and user feedback is changing the game. With its algorithm designed to prioritize transparency and authenticity, and its unique format for engaging with reviews, TikTok is quickly becoming the go-to platform for ecommerce brands looking to stay competitive.
In a refreshing change, recent news surrounding the cost of living has been positive, with mortgage rates and car insurance costs both experiencing significant drops. The average two-year fixed-rate mortgage has fallen below 5% for the first time since 2022, while car insurance costs are at their lowest point in years. This comes as a welcome relief for consumers, especially in the current economic climate. These developments are being seen as a “symbolic turning point” in the housing and insurance markets, providing some much-needed relief for individuals and families.
Retail chain At Home, based in Texas, recently filed for bankruptcy and announced the closure of 26 underperforming stores. However, the company has now revealed that two of those stores will actually remain open. The bankruptcy filing and store closures follow a trend among other big box retailers facing economic and retail-specific market pressures. The transfer of ownership to hedge funds and investment firms is also outlined in the process.
At the recent eBay OPEN25 seller event, the online marketplace giant announced a new Automated Feedback feature that will be available to sellers in the United States. The feature aims to increase trust from future buyers and provide greater visibility into seller excellence by automatically leaving feedback for deserving sellers on eligible transactions. This move comes in response to the fact that only one in three buyers currently chooses to leave feedback.
During his Independence Day address, Prime Minister Narendra Modi announced that the government will reveal "next-generation" GST reforms by Diwali. These reforms aim to simplify the tax system and lower GST rates for essential and everyday items, providing a “massive gift" to citizens. The Goods and Services Tax (GST) Council, which has not met for eight months, is set to bring significant tax relief this Diwali after a comprehensive rate rationalization review. Industry experts predict that this could include reducing the tax rate for mass consumption goods and new-age products, as well as addressing an inverted duty structure and inefficiencies in the system.