DMart has scaled back its e-commerce footprint, exiting underperforming cities to focus on metros as competition intensifies in India’s rapid delivery space. Despite rising pressure from Amazon, Flipkart, Zepto and Swiggy, the retailer is sticking to its low-cost model and non-10-minute delivery approach amid muted earnings performance.
FPIs reverse 4-month selling trend with Rs 15,157 cr inflow in Jul
In July, foreign investors turned net buyers of Indian equities following a period of large outflows, prompted by favorable domestic macroeconomic trends and improved global