Online food delivery platform Zomato has decided to narrow its focus on three key areas of food ordering and delivery; supplies to restaurants through 'Hyperpure' and quick commerce, company Chairman Kaushik Dutta said on Tuesday. In his address to shareholders at the company's annual general meeting, Dutta said the move was part of strategy to focus "only on areas that have the potential to become meaningfully large businesses ten years from now". In FY22, he said Zomato was able to achieve strong top line growth while keeping its "adjusted EBITDA burn under control", despite multiple challenges such as disruptions due to Covid-19 pandemic, macro-economic uncertainty, rising inflation, fuel prices, among others.
Maoists shot dead two Trinamool Congress workers at Bandhghora village near Lalgarh in West Midnapore district, the police said on Saturday. The Left-wing extremists chopped the limbs of Paban Mahato, 38, and Kaushik Dutta, 35, and fired 11 bullets at them from a close range on Friday, they said. They were casual workers in the electricity department. Police said Maoist posters were recovered from the spot claiming that Dutta and Mahato were police informers.
Rediff.com readers wish the Indian captain on his 31st birthday.
Two custodial deaths in the last 10 days in Meghalaya's Garo Hills have triggered a wave of public protests in the northeast. Human rights bodies have demanded an immediate judicial inquiry into the incidents.
Inter-ministerial programmes have run into obstacles as rules written by bureaucrats hamper rather than promote investments.
The size of corporate fraud in India almost doubled after 2009, and such cases also increased in number, said a report from Thought Arbitrage, a think tank in Delhi.
A recent survey done by indianboards.com suggests that around 283 directors will retire by October this year.
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