The Indian rupee also strengthened, rising from a low of 88 in February to below 84 this month
Indian indices post their strongest single-day gains since 2021 as a truce with Pakistan and easing US-China tensions fuel optimism and boost investor confidence
Given the multiple headwinds facing the sector, the stock has shed about 15 per cent over the past year and is down 25 per cent over the past three years
Management indicated that the quick commerce segment saw peak losses in Q4 and there will be progressive improvement
Company backed by Amazon and Samara Capital aims to go public in 12-18 months, reduce debt, and expand store network from 775 to 3,000 by the end of the decade