Latest news with #RohitKapoor
Yahoo
29-07-2025
- Business
- Yahoo
EXL announces $125 million accelerated share repurchase program
NEW YORK, July 29, 2025 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a global data and AI company, today announced that, as part of its capital allocation program, it has entered into an accelerated share repurchase agreement (the 'ASR') with Citibank, N.A. to repurchase $125 million of the company's common stock. Chairman and Chief Executive Officer Rohit Kapoor said, 'The successful execution of our data- and AI-led strategy has positioned EXL as an industry leader in embedding AI in the workflow to significantly enhance operational efficiencies, improve customer service and deliver improved business outcomes for our clients. The ASR reflects confidence in our ability to continue to deliver superior value to our clients, enabling us to sustain our double-digit growth momentum while maximizing stockholder value.' Under the ASR, the company will pay an aggregate amount of $125 million to Citibank for an initial number of shares of the company's common stock at the beginning of the transaction. The company plans to fund the repurchase with available cash on hand and/or borrowing from its credit facility. The ultimate number of shares of common stock that the company will repurchase under the ASR Agreement will be based on the average of the daily volume-weighted average prices of the common stock during the term of the ASR, less a discount and subject to adjustments pursuant to the terms and conditions of the ASR. The ASR is a part of the company's existing $500 million stock repurchase program. About ExlService Holdings, Inc. EXL (NASDAQ: EXLS) is a global data and artificial intelligence ("AI") company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world's leading corporations in industries including insurance, healthcare, banking and financial services, media and retail, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have more than 61,000 employees spanning six continents. For more information, visit Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL's operations and business environment, all of which are difficult to predict and many of which are beyond EXL's control. Forward-looking statements include information concerning EXL's possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as 'may,' 'will,' 'should,' 'believe,' 'expect,' 'anticipate,' 'intend,' 'plan,' 'estimate' or similar expressions. These statements are based on assumptions that we have made in light of management's experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL's actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL's filings with the Securities and Exchange Commission, including EXL's Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by applicable law. Contacts:Investor RelationsJohn KristoffVice President, Investor Relations+1 212 209 4613ir@ Media - USKeith LittleAssistant Vice President, Media Relations+1 703 598 l'accesso per consultare il tuo portafoglio
India.com
02-07-2025
- Business
- India.com
Big challenge for Deepinder Goyal's Zomato as Swiggy launches 99 Store, service will be available in...., it is related to...
(File) Swiggy 99 store: In some major good news for foodies who prefer pocket-friendly meals, online food delivery giant Swiggy has launched its new '99 store', which offers sumptuous meals for just Rs 99. According to the company, its Rs 99 store service will be available in as many as 175 cities across the country. What is Swiggy 99 store? According to an official statement by the company, the Swiggy 99 store aims to provide quick, pocket-friendly meals to consumers for under Rs 100. The service, which has already been in launched in major cities like Bangalore, Ahmedabad, Kolkata, Hyderabad, Delhi, Pune, Chennai, Lucknow and Vadodara, is targeted at customers who desire cheap meals without compromising on quality, it said. The Swiggy 99 store is offers ready-to-eat meals like rolls, biryani, noodles, North Indian, South Indian, burger, pizza and bakery items like cakes to customers costing up to Rs 99. The meals will prepared fresh upon the customer's order, the company said. 'Getting a meal for Rs 99 is not just about the price but a promise that good, pocket-friendly meals can be had without compromising on quality and options,' said Rohit Kapoor, CEO Food, Swiggy. How to access Swiggy 99 store? The 99 store can be accessed within the existing Swiggy app under the Foods tab, there is no separate app for the Swiggy 99 store. Click the Foods tab in the Swiggy app on your iOS or Android device and you will the 99 store inside. Tap the 99 store to see all the meals available in the segment. Swiggy is also offering free delivery on the 99 store under its Ecosaver mode. Kapoor said the company is working closing with its restaurant partners and our delivery fleet to make everyday meals affordable.
Yahoo
02-07-2025
- Business
- Yahoo
Swiggy brings budget-friendly meal options with 99 Store
Indian online food delivery platform Swiggy has added a new '99 Store' feature on its app. The service provides individual meals at a fixed cost of Rs99 ($1.15). It is accessible in more than 175 cities, including Bengaluru, Delhi, Hyderabad and Chennai. The 99 Store offer includes biryani, wraps and local specialities. Deliveries are handled through Swiggy's Eco Saver option, which minimises delivery expenses. It showcases single dishes to enhance user navigation, with the design aimed at streamlining the browsing process. Swiggy Food Marketplace CEO Rohit Kapoor stated: 'At Rs99, this isn't just a price point — it's a promise. A promise that good food can be both affordable and accessible, especially for our younger customers. 'The 99 Store is our way of making sure daily meals don't burn a hole in your wallet. We've worked closely with our restaurant partners and delivery teams to make everyday meals more affordable without cutting corners. 'This is a big step in making Swiggy a true everyday choice for millions. Whether you're on a college budget or just looking for a fuss-free lunch, this is Swiggy's most value-driven offering yet.' In November 2024, Swiggy launched three programmes to enhance support for its restaurant partners. It introduced kitchen equipment procurement support, hygiene audits and professional photoshoot services. These served are aimed at improving operational efficiency, maintaining hygiene standards and enhancing customer engagement. "Swiggy brings budget-friendly meal options with 99 Store" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Mint
01-07-2025
- Business
- Mint
Swiggy whips up treat for price-conscious and Gen Z foodies, launches '99 Store' with free delivery. Check details
Swiggy, one of the major food delivery brands in India, has launched a new segment on its online platform called the '99 Store', offering single-serve dishes at flat ₹ 99 with free delivery. The category aims to attract price-conscious users and high-frequency Gen Z consumers. The recently added category in the Swiggy app allows a user to order a quick-prep meal for flat ₹ 99 without paying a delivery fee, the company said in a statement. Earlier, users could only avail the option of free delivery if they order items above ₹ 199 with Swiggy One membership. Under the 99 Store, users can now get free delivery for orders worth ₹ 99 via the 'eco saver' delivery mode, which groups multiple orders together to reduce trips. This feature is currently available in more than 175 cities, including Bengaluru, Ahmedabad, Kolkata, Hyderabad, Delhi, Pune, and Chennai, Lucknow, Vadodara, Trivandrum, Tirupati, Patna, Surat, Bhopal, Dehradun, Mysore and Ludhiana. Through this feature, customers can explore dishes across a wide variety of cuisines at a low price. The menu includes food items such as rolls, burgers, biryani, North Indian and South Indian food, pizzas, and cakes, ensuring that affordability doesn't come at the cost of choice or taste. Speaking about the new initiative, Rohit Kapoor, CEO, Swiggy Food Marketplace, said, 'At ₹ 99, this isn't just a price point—it's a promise'. 'A promise that good food can be both affordable and accessible, especially for our younger customers,' he said. The CEO further emphasised that the store is a way of making sure daily meals don't burn a hole in your wallet.
Mint
01-07-2025
- Business
- Mint
Swiggy whips up treat for price-conscious and Gen Z users, launches '99 Store' with free delivery. Check details
Swiggy, one of the major food delivery brands in India, has launched a new segment on its online platform called the '99 Store', offering single-serve dishes at flat ₹ 99 with free delivery. The category aims to attract price-conscious users and high-frequency Gen Z consumers. The recently added category in the Swiggy app allows a user to order a quick-prep meal for flat ₹ 99 without paying a delivery fee, the company said in a statement. Earlier, users could only avail the option of free delivery if they order items above ₹ 199 with Swiggy One membership. Under the 99 Store, users can now get free delivery for orders worth ₹ 99 via the 'eco saver' delivery mode, which groups multiple orders together to reduce trips. This feature is currently available in more than 175 cities, including Bengaluru, Ahmedabad, Kolkata, Hyderabad, Delhi, Pune, and Chennai, Lucknow, Vadodara, Trivandrum, Tirupati, Patna, Surat, Bhopal, Dehradun, Mysore and Ludhiana. Through this feature, customers can explore dishes across a wide variety of cuisines at a low price. The menu includes food items such as rolls, burgers, biryani, North Indian and South Indian food, pizzas, and cakes, ensuring that affordability doesn't come at the cost of choice or taste. Speaking about the new initiative, Rohit Kapoor, CEO, Swiggy Food Marketplace, said, 'At ₹ 99, this isn't just a price point—it's a promise'. 'A promise that good food can be both affordable and accessible, especially for our younger customers,' he said. The CEO further emphasised that the store is a way of making sure daily meals don't burn a hole in your wallet. The food delivery brand is working closely with restaurant partners and delivery teams to make everyday meals more affordable without cutting corners.
