Business
Zepto Ranks as the Second Most Downloaded Mobile App Globally in 2024
Other notable Indian names in the same category include food and grocery delivery services Zomato at fifth place and its rival Swiggy at ninth. Zepto’s competitor Blinkit also made the list, coming in as the tenth most downloaded app.
The category encompasses various services such as fast food, fast casual restaurants, restaurant ordering and delivery, as well as dining and listing, reviews, and reservation apps.
The report indicated that in the latter half of calendar year 2024 (CY24), downloads in the grocery delivery subgenre surged, thanks to Zepto’s impressive 300% growth in India compared to the first half of the year. The company also rolled out a ‘buy now and pay later’ feature, further securing its foothold in India’s quick commerce sector. Notably, Zepto’s average monthly users surpassed those of Blinkit for the first time in the last quarter of 2024.
In total, apps in the food and drinks category were downloaded 353 million times in India during CY24, marking a 43% increase from the previous year. Downloads from India accounted for over 16% of global totals in this category. Additionally, Indian apps recorded an astonishing 43,200 million sessions, reflecting a 21.7% growth from CY23 and comprising 15% of all sessions worldwide.
Indian apps also excelled in the retail category, with Meesho being the third most downloaded app globally and Flipkart coming in sixth, while Shein and Temu held the top two positions. Furthermore, in the video streaming sector, Jio Cinema, spurred by its cricket rights, emerged as the second most downloaded app after Netflix from the USA.
Mumbai: The Reserve Bank of India (RBI) has decided to close its special forex swap facility for fresh FCNR deposits early.
The facility will now close on August 31, the RBI said on Friday.
The central bank said the decision was taken after receiving an encouraging response. The facility has attracted $52.3 billion through fresh foreign currency deposits.
Banks can continue to undertake swaps with the RBI against FCNR deposits raised under the facility until September 11.
Meanwhile, the schemes for External Commercial Borrowings and Overseas Foreign Currency Borrowings will remain open until December 31, 2026.
The RBI launched the special US dollar-rupee forex swap facility on June 8. It allowed banks to raise fresh three-to-five-year FCNR deposits.
Banks could then swap these deposits with the RBI at a concessional rate. The facility effectively covered the entire hedging cost for banks.
The strong response to the scheme led the RBI to bring the facility to an early close.
Moodbidri: A dream that began in the rural area of Niddodi in Moodbidri has now gained national recognition. Leksa Lighting Technologies Pvt. Ltd., founded by Ronald Sylvan D’Souza, has been recognised as one of India’s Top 100 MSME companies.
The prestigious national recognition was presented by the MSME Udyog Foundation at a ceremony held in New Delhi on August 8, 2026.
Ronald Sylvan D’Souza started his entrepreneurial journey from a humble background. Through hard work, discipline and continuous efforts, he built Leksa Lighting Technologies into a recognised lighting technology company.
The company has focused on quality, technological innovation and indigenous manufacturing. Research and development have also played an important role in its growth.
Leksa Lighting has adopted Japanese work practices to improve its manufacturing and operational standards. The company has also worked towards developing quality lighting solutions in India.
What began as a dream in rural Karnataka has now reached different parts of the country. The company is also making its presence felt in international markets.
Speaking about the recognition, Ronald Sylvan D’Souza said the award was not an individual achievement. He credited the entire Leksa team, customers, business partners, family members and everyone who supported the company.
He said he was proud and happy to see a dream that began in Niddodi and Moodbidri receive recognition at the national level.
READ MORE:Rare Otter Spotted in Paddy Field at Paddam, Udupi
The achievement highlights the potential of rural entrepreneurs. It also shows that determination, discipline and consistent hard work can help a business from a rural area achieve success on a national platform.
Leksa Lighting Technologies’ journey stands as an example of how a local dream can grow into a nationally recognised enterprise.
New Delhi: Buying a new vehicle is set to become more expensive from August 1, adding to the financial burden on consumers. Several automobile manufacturers have announced a price hike due to rising production costs.
The increase is mainly driven by higher prices of raw materials and components. The cost of steel, aluminium, rubber, plastic, electronic chips, batteries, and spare parts has gone up in recent months. Global market changes caused by ongoing conflicts and inflation have also increased manufacturing expenses.
As a result, vehicle companies have decided to raise the prices of new models. Customers planning to purchase a new vehicle are likely to pay more from August 1.
The price hike is also expected to affect the travel and transport industry. Travel agencies and tour operators say buying new cars, SUVs, and other passenger vehicles will become more expensive.
Operators have already been facing higher expenses due to increased fuel prices and toll charges. With the additional cost of new vehicles, many travel agencies are preparing to revise their rental charges.
READ MORE:Bhava Sangama Devotional and Patriotic Song Competition Concludes in Mangaluru
The Karnataka Travels Association has indicated that travel fares may be increased to manage the rising operating costs. Passengers may have to pay more for each trip if the revised rates are implemented.
Meanwhile, several automobile manufacturers have already published details of the upcoming price increase on their official websites. Consumers planning to buy a new vehicle may consider making their purchase before the revised prices come into effect on August 1.
Kodagu MLA Visits Athlete Poovamma’s Residence in Mangaluru
Kuwait Returnee Dies of Heart Attack at Bengaluru Airport
Asian Games Gold Medallist M.R. Poovamma Felicitated by Dakshina Kannada Administration
Meet Bubu and Dudu: The Adorable Cartoon Couple Captivating Hearts Around the Globe!
“Hidden Love” Spin-Off “The First Frost” Now Streaming on Netflix
