Quick commerce platforms saw a sharp rise in Raksha Bandhan orders, driven by last-minute shopping and growing demand for premium gifts. Rakhi orders surged on Instamart, while jewellery, beauty and personal care, chocolates, electronics and gift hampers also saw strong demand. Smaller cities and non-traditional gifting categories gained traction this year.
Icertis chief financial officer Rajat Bahri and board member Jim Moffatt became interim co-CEOs, even as it announced a search for finding a replacement for Subbaraman, who became the company’s first non-founder CEO just a year ago.
ITC Infotech is set to acquire a controlling stake in Happiest Minds Technologies from founder Ashok Soota for Rs 2,800-2,900 crore, people familiar with the matter told ET. The deal will trigger an open offer for another 26% stake and could be followed by a reverse merger, amid consolidation in the mid-market IT services sector.
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