Enough Room For Everyone, Shein’s Return Will Have No Impact: Nykaa CEO - Related to have, inr, impact:, shein’s, no
Crypto Heist: WazirX Completes Rebalancing Of Assets
However, if the outcome of the meeting, scheduled to be held in the coming weeks, is negative, they will have to wait until 2030 as the process will shift towards liquidation under Singapore’s Companies Act.
If creditors approve WazirX’s restructuring proposals, people will receive stolen crypto assets as early as April 2025.
WazirX mentioned it has completed rebalancing of net liquid assets on the platform and will resume trading within 10 days of the implementation of the restructuring scheme.
Hacked crypto exchange WazirX has completed rebalancing of net liquid assets on the platform as part of a restructuring scheme, which will potentially allow people to receive stolen crypto as early as April 2025 if approved by creditors.
In a post on X, WazirX mentioned it has introduced a preliminary creditor list and. A snapshot of user balances as of July 18, 2024, when hackers attacked one of its wallets and stole $235 Mn worth of crypto.
“Creditors can now check their claim amount in USD using a unique UUID. The list is ordered by descending value of indicates and can be searched using the UUID,” the post read.
Creditors of WazirX are set to vote on whether to approve the restructuring scheme in the coming weeks. The scheme will be implemented if more than 75% of voting creditors by value vote yes.
In a separate post on X, WazirX unveiled it would resume trading within 10 days of the scheme’s activation while returning 85% of clients’ crypto reserves on the platform based on rebalancing prices.
WazirX hack victims will begin receiving their stolen crypto as early as April if the restructuring scheme is approved. However, if the outcome of the voting is negative, they will have to wait until 2030 and the process will shift towards liquidation under Singapore’s Companies Act, potentially resulting in lower asset recovery.
Under the proposed scheme, WazirX plans to compensate affected individuals by rebalancing and distributing net liquid assets on the platform, sharing profits from a potential new decentralised exchange (DEX). And pursuing recovery of stolen assets.
As of December 5, 2024, WazirX held $ Mn in digital assets. customers are seeking damages worth about $546 Mn.
It is pertinent to mention that the Singapore High Court permitted WazirX’s parent Zettai last month to convene a meeting seeking approval for its proposed restructuring scheme from clients.
As part of its ongoing recovery efforts, WazirX froze the stolen assets worth $3 Mn in January.
The crypto heist is currently being investigated by multiple government agencies like the Financial Intelligence Unit, Intelligence Bureau, and the Indian Computer Emergency Response Team (CERT-In).
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Enough Room For Everyone, Shein’s Return Will Have No Impact: Nykaa CEO
She also pointed out that women’s western wear, the segment in which Shein operates, is highly dynamic and driven by trends.
“The market is very wide. And no one brand can dominate it. We believe that Shein’s return should not have much of an impact,” Nayar stated.
Nykaa founder and CEO Falguni Nayar highlighted that Shein is present in only one category in an expansive fashion landscape.
Amid the re-entry of fashion brand Shein in India and debate about its impact on the competition, beauty ecommerce major Nykaa has noted that it expects no impact on its business.
In a post-earnings call, Nykaa founder and. CEO Falguni Nayar highlighted that Shein is present in only one category in an expansive fashion landscape.
“The market is very wide, and no one brand can dominate it. We believe that Shein’s return should not have much of an impact,” Nayar presented.
She also pointed out that women’s western wear, the segment in which Shein operates, is highly dynamic and driven by trends, unlike categories such as sportswear, where a few brands have long held dominance.
Building on these developments, this constant evolution, she explained, has led to a surge in homegrown D2C brands, making the space even more fragmented.
With over 4,000 brands already on its platform and more global players entering India. Nayar believes that competition will remain broad-based, preventing any single brand from monopolising the market.
Notably, Shein, which was banned in India in 2020 due to geopolitical tensions, re-entered the country nearly five years later via a strategic partnership with Reliance Retail. The Reliance group enterprise relaunched the Shein app, which is now available on Google Play Store and Apple’s App Store. On February 1.
Nykaa reported a increase in its consolidated net profit in Q3 FY25 to INR Cr from INR Cr in the year-ago period. Operating revenue surged to INR 2, Cr during the quarter under review from INR 1, Cr in Q3 FY24.
However, Nykaa saw an uptick in its marketing expenses during the quarter under review as it ramped up customer acquisition for its fashion as well as beauty verticals.
Nykaa Fashion, a competitor of Shein, saw its marketing expenses increase percentage points to of its revenue in Q3 FY25 from in Q3 FY24.
However, the firm expressed that these expenses remain variable and. Controllable, aligning with its long-term growth strategy.
Notably, Nykaa Fashion’s revenue for the quarter under review stood at INR 199 Cr, up 21% from INR 164 Cr in the year-ago quarter. However, the business incurred a loss of INR Cr from this segment during the quarter.
Nykaa reaffirmed its commitment to assortment expansion and. Onboarding emerging D2C brands. As part of this, it onboarded brands like FableStreet, Snitch, and The Souled Store on its platform in Q3 FY25.
Meanwhile, Nayar presented that marketing and. Analytics spending for the beauty segment stood at of the revenue in the December quarter as against a year ago. The increase was attributed to aggressive new customer acquisition and brand-building initiatives like ‘Nykaaland’ and ‘Nykaa Wali Shaadi’.
Nayar presented the business is confident about its long-term strategy, with breakeven in the fashion business on track as the ratio of new to repeat clients improves.
Meanwhile. Its B2B beauty arm Superstore also continues to see investment. The enterprise expects its losses to decline over time.
Notably, Nykaa Superstores’ total gross merchandise value (GMV) stood at INR 259 Cr in Q3 FY25, up 53% from INR 170 Cr in Q3 FY24.
Shares of Nykaa ended Monday’s (February 10) trading session lower at INR on the BSE.
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However, if the outcome of the meeting, scheduled to be held in the coming weeks. Is negative, they will have to wait until 2030 as the process will s...
OYO’s PAT Surges 6X To INR 166 Cr In Q3
The enterprise has achieved an adjusted EBITDA of INR 249 Cr in Q3 FY25 as per provisional numbers.
The corporation's revenue also increased 31% to INR 1,695 Cr in the quarter.
Hospitality giant OYO’s profit after tax (PAT) jumped nearly 6X to INR 166 Cr in the third quarter ended December.
Hospitality giant OYO’s profit after tax (PAT) jumped nearly 6X to INR 166 Cr in the third quarter ended December (Q3 FY25) from INR 25 Cr in the year ago period. findings told Inc42.
The firm’s revenue also increased 31% to INR 1,695 Cr in the quarter under consideration from INR 1,296 Cr in the year ago period.
OYO has declined to comment on Inc42’s queries pertaining to the development.
The enterprise has achieved an adjusted EBITDA of INR 249 Cr in Q3 FY25 as per provisional numbers. This is a 22% increase from INR 205 Cr in Q3 FY24.
“OYO was able to demonstrate its ability to run profitable operations, but. The topline growth trajectory was a question mark. The renewed focus on revenue growth has borne results with the enterprise showing a 31% increase in topline,” findings added.
For nine months ended in December 2024, OYO reported a PAT of INR 457 Cr against a loss of INR 111 Cr in the same period last year, suggest provisional numbers.
The adjusted EBITDA for the nine-month period stood at INR 690 Cr, marking a 15% growth from INR 600 Cr in the year ago period.
OYO’s growth is majorly driven by strong performance in its core markets of India and the United States. While emerging markets in Southeast Asia and the Middle East also contributed significantly, the reports added.
The organization in recent times introduced its plans to invest £50 Mn (INR Cr) in the UK over the next three years to double down on its premium hotel portfolio in the UK.
It is pertinent to note that OYO is shifting its strategy to focus on premium hotel offerings rather than just budget accommodations. This involves acquiring premium inventory through long-term leasehold and management contracts.
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Market Impact Analysis
Market Growth Trend
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| 12.0% | 14.4% | 15.2% | 16.8% | 17.8% | 18.3% | 18.5% |
Quarterly Growth Rate
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 |
|---|---|---|---|
| 16.8% | 17.5% | 18.2% | 18.5% |
Market Segments and Growth Drivers
| Segment | Market Share | Growth Rate |
|---|---|---|
| Digital Transformation | 31% | 22.5% |
| IoT Solutions | 24% | 19.8% |
| Blockchain | 13% | 24.9% |
| AR/VR Applications | 18% | 29.5% |
| Other Innovations | 14% | 15.7% |
Technology Maturity Curve
Different technologies within the ecosystem are at varying stages of maturity:
Competitive Landscape Analysis
| Company | Market Share |
|---|---|
| Amazon Web Services | 16.3% |
| Microsoft Azure | 14.7% |
| Google Cloud | 9.8% |
| IBM Digital | 8.5% |
| Salesforce | 7.9% |
Future Outlook and Predictions
The Crypto Heist Wazirx landscape is evolving rapidly, driven by technological advancements, changing threat vectors, and shifting business requirements. Based on current trends and expert analyses, we can anticipate several significant developments across different time horizons:
Year-by-Year Technology Evolution
Based on current trajectory and expert analyses, we can project the following development timeline:
Technology Maturity Curve
Different technologies within the ecosystem are at varying stages of maturity, influencing adoption timelines and investment priorities:
Innovation Trigger
- Generative AI for specialized domains
- Blockchain for supply chain verification
Peak of Inflated Expectations
- Digital twins for business processes
- Quantum-resistant cryptography
Trough of Disillusionment
- Consumer AR/VR applications
- General-purpose blockchain
Slope of Enlightenment
- AI-driven analytics
- Edge computing
Plateau of Productivity
- Cloud infrastructure
- Mobile applications
Technology Evolution Timeline
- Technology adoption accelerating across industries
- digital transformation initiatives becoming mainstream
- Significant transformation of business processes through advanced technologies
- new digital business models emerging
- Fundamental shifts in how technology integrates with business and society
- emergence of new technology paradigms
Expert Perspectives
Leading experts in the digital innovation sector provide diverse perspectives on how the landscape will evolve over the coming years:
"Technology transformation will continue to accelerate, creating both challenges and opportunities."
— Industry Expert
"Organizations must balance innovation with practical implementation to achieve meaningful results."
— Technology Analyst
"The most successful adopters will focus on business outcomes rather than technology for its own sake."
— Research Director
Areas of Expert Consensus
- Acceleration of Innovation: The pace of technological evolution will continue to increase
- Practical Integration: Focus will shift from proof-of-concept to operational deployment
- Human-Technology Partnership: Most effective implementations will optimize human-machine collaboration
- Regulatory Influence: Regulatory frameworks will increasingly shape technology development
Short-Term Outlook (1-2 Years)
In the immediate future, organizations will focus on implementing and optimizing currently available technologies to address pressing digital innovation challenges:
- Technology adoption accelerating across industries
- digital transformation initiatives becoming mainstream
These developments will be characterized by incremental improvements to existing frameworks rather than revolutionary changes, with emphasis on practical deployment and measurable outcomes.
Mid-Term Outlook (3-5 Years)
As technologies mature and organizations adapt, more substantial transformations will emerge in how security is approached and implemented:
- Significant transformation of business processes through advanced technologies
- new digital business models emerging
This period will see significant changes in security architecture and operational models, with increasing automation and integration between previously siloed security functions. Organizations will shift from reactive to proactive security postures.
Long-Term Outlook (5+ Years)
Looking further ahead, more fundamental shifts will reshape how cybersecurity is conceptualized and implemented across digital ecosystems:
- Fundamental shifts in how technology integrates with business and society
- emergence of new technology paradigms
These long-term developments will likely require significant technical breakthroughs, new regulatory frameworks, and evolution in how organizations approach security as a fundamental business function rather than a technical discipline.
Key Risk Factors and Uncertainties
Several critical factors could significantly impact the trajectory of digital innovation evolution:
Organizations should monitor these factors closely and develop contingency strategies to mitigate potential negative impacts on technology implementation timelines.
Alternative Future Scenarios
The evolution of technology can follow different paths depending on various factors including regulatory developments, investment trends, technological breakthroughs, and market adoption. We analyze three potential scenarios:
Optimistic Scenario
Rapid adoption of advanced technologies with significant business impact
Key Drivers: Supportive regulatory environment, significant research breakthroughs, strong market incentives, and rapid user adoption.
Probability: 25-30%
Base Case Scenario
Measured implementation with incremental improvements
Key Drivers: Balanced regulatory approach, steady technological progress, and selective implementation based on clear ROI.
Probability: 50-60%
Conservative Scenario
Technical and organizational barriers limiting effective adoption
Key Drivers: Restrictive regulations, technical limitations, implementation challenges, and risk-averse organizational cultures.
Probability: 15-20%
Scenario Comparison Matrix
| Factor | Optimistic | Base Case | Conservative |
|---|---|---|---|
| Implementation Timeline | Accelerated | Steady | Delayed |
| Market Adoption | Widespread | Selective | Limited |
| Technology Evolution | Rapid | Progressive | Incremental |
| Regulatory Environment | Supportive | Balanced | Restrictive |
| Business Impact | Transformative | Significant | Modest |
Transformational Impact
Technology becoming increasingly embedded in all aspects of business operations. This evolution will necessitate significant changes in organizational structures, talent development, and strategic planning processes.
The convergence of multiple technological trends—including artificial intelligence, quantum computing, and ubiquitous connectivity—will create both unprecedented security challenges and innovative defensive capabilities.
Implementation Challenges
Technical complexity and organizational readiness remain key challenges. Organizations will need to develop comprehensive change management strategies to successfully navigate these transitions.
Regulatory uncertainty, particularly around emerging technologies like AI in security applications, will require flexible security architectures that can adapt to evolving compliance requirements.
Key Innovations to Watch
Artificial intelligence, distributed systems, and automation technologies leading innovation. Organizations should monitor these developments closely to maintain competitive advantages and effective security postures.
Strategic investments in research partnerships, technology pilots, and talent development will position forward-thinking organizations to leverage these innovations early in their development cycle.
Technical Glossary
Key technical terms and definitions to help understand the technologies discussed in this article.
Understanding the following technical concepts is essential for grasping the full implications of the security threats and defensive measures discussed in this article. These definitions provide context for both technical and non-technical readers.
platform intermediate
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