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.
It said that the transit was "ongoing" and that there had been "no interference from foreign military forces so far."
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
The MiG29K and MiG29KUB, the aircraft carrier's primary fighters, spent more time in the hangar than in the air, with fleet serviceability remaining below 50 per cent, reports Ajai Shukla.
In his remarks, Admiral Singh complimented his force for continuously maintaining 'peak combat-readiness' and 'high tempo' of operations over the past few months, they said.
Retail sales of automobiles in India grew 8.31 per cent in August this year on the back of increase in registrations of vehicles across all major segments, automobile dealers' body FADA said on Thursday. As per data released by the Federation of Automobile Dealers Associations (FADA), total vehicle retail sales in the country stood at 15,21,490 units last month as compared to 14,04,704 units in August 2021. Passenger vehicles (PV) retail sales stood at 2,74,448 units as compared to 2,57,672 units in the year-ago month, a growth of 6.51 per cent.
With the Indian Navy's requirement of conventional submarines standing at 24, there is critical need to expedite the planned acquisition of six more conventional submarines.
The Chinese navy's growing aggression in the Western Pacific is bringing together a range of allies.
Indian aviation regulator DGCA has barred 90 SpiceJet pilots from operating the Boeing 737 Max aircraft after finding them not properly trained. "For the moment, we have barred these pilots from flying the Max and they have to retrain successfully for flying the aircraft," DGCA chief Arun Kumar said in a statement. He also said that the regulator will take "strict action against those found responsible for the lapse."
'For the moment, we have barred these pilots from flying the Max and they have to retrain successfully for flying the aircraft,' DGCA chief Arun Kumar said in a statement.
Sources said the process has taken time because of a delay in leasing of aircraft. As per the original plan the aircraft were to be leased through GIFT City, Gujarat, but this is proving costlier than doing it offshore.
The Indian troops guarding the nearly 3,500-km Line of Actual Control (LAC) maintained an assertive approach in sync with the broader national security doctrine and procured a variety of military platforms and weapons to enhance their combat capabilities.
Only a few thousand chargers dot the Indian landscape, some in working condition, others not, with some held hostage to the power supply vagaries of local utilities, reports S Dinakar.
Jet Airways is seeing a churn in its senior management ahead of its planned take-off this year. Sudhir Gaur, accountable manager and acting chief executive officer, is the latest to quit the company. Finance head M Shivakumar and head of management information system (MIS) Farazad Patrawalla moved out a few weeks earlier. Gaur had been part of the initial team selected by the Kalrock-Jalan consortium, which secured approval from the National Company Law Tribunal (NCLT) last June to revive the airline.
Alliance Air, which is the largest regional airline, is currently operating 77 daily flights compared to 126 last year.
Sanjay Bhandari, an accused arms dealer wanted in India on money laundering and tax evasion charges, is pursuing a separate legal battle of his own in France over an alleged unpaid cut from a large Indian defence contract dating back over 10 years, according to a UK media report.
'People will say a lot of things -- ignore the noise.'
Himanshu and Twinkle Kalia spend their days ferrying the ill to hospital, fetching medicines, arranging funerals and sometimes stepping in to perform last rites too.
Doctor G blends mirth and meaning, observes Sukanya Verma. Doctor G Review.
Farewells and goodbyes. Always said in the hope that we will meet again.
Byju's, Flipkart, PharmEasy and CRED, among others, have taken the acquisition route to grow
From croissants to Galouti kebabs and Medu vada, Indian carriers, both low-cost and full-service, are revising their in-flight menus to offer passengers a differentiated fare as competition is heating up amid the boom in air travel with the waning of Covid-19. On Monday, Air India, which was taken over by the Tata Group on January 27, unveiled its new domestic in-flight menu comprising gourmet meals, new appetizers, desserts, and local dishes. Air India's economy class passengers would now be served dishes such as Mushroom cheese omelette, Dry jeera aloo wedges, and Garlic tossed spinach and corn for breakfast, and Vegetable biryani, Malabar chicken curry, and mixed vegetable poriyal for lunch.
The CAG also observed that the Indian Navy's auxiliary vessel strength was not increasing incommensurate with the rise in its combat fleet.
Sebastian Coe, the head of World athletics and twice Olympic champion over the distance, described the women's World 1,500 metres final won by Kenyan Faith Kipyegon on Monday as one of the best races he has ever seen.
The swing-wing fighter has been the backbone of ground-attack fleet of the Air Force for several decades
'My mom said when she was in college, her classmates said they want to marry somebody like Vallavaraiyan Vanthiyathevan.' 'That's the kind of pressure I had the moment Mani sir said you have to play this part.'
The price of diesel sold to bulk users has been hiked by about Rs 25 per litre in line with a near 40 per cent rise in international oil prices, but retail rates at petrol pumps remain unchanged, sources said. Petrol pump sales have jumped by a fifth this month after bulk users like bus fleet operators and malls queued up at petrol bunks to buy fuel rather than the usual practice of ordering directly from oil companies, widening the losses of retailers. Worst hit are private retailers like Nayara Energy, Jio-bp and Shell, who have so far refused to curtail any volume despite a surge in sales.
Shilpa Shetty fills a uniform with grace and could, in an equal opportunity film industry, be cast with an actor half her age, and carry it off better than aging males prancing with women young enough to be their daughters, observes Deepa Gahlot.
A wide spectrum of drills including surface and anti-aircraft drills, helicopter operations, maneuvers and cross-deck flying was carried out for the second consecutive day as part of the 11th edition of the biennial Indo-Russian exercise Indra Navy.
Move after the North Eastern Council failed to make viability payments to the carrier.
Air India is set to increase capacity on domestic and international routes over the next few months as it overhauls its grounded aircraft. Air India has the approval to operate 2,456 flights per week in the summer schedule. This is more than a 16 per cent increase over 2020. But its international schedule has declined 41 per cent (compared to winter 2019) to 361 weekly departures.
IMAGES from the T20 World Cup match played between India and Bangladesh in Adelaide on Wednesday.
The indigenously built ships use water jet propulsion technology and can use achieve speeds in excess of 35 knots. They will be based in Goa and tasked with the role of detecting, locating and destroying small, fast-moving enemy surface craft engaged in covert operations, a Navy spokesman said.
Domestic air passenger traffic plunged around 43 per cent month-on-month at 64 lakh in January 2022 as the third wave of the pandemic and the resultant restrictions by state governments kept flyers away from air travel, Icra said on Tuesday. The domestic passenger volume in December 2021 was recorded at 112 lakh. The rating agency said it is expecting the recovery process to remain subdued during March quarter and that the jet fuel prices continue to be a drag on the sector. The passenger traffic declined 17 per cent last month over 77 lakh passengers transported by domestic airlines on local routes in January 2021, Icra said.
The army, air force and navy will all benefit from the defence ministry's approval of 'Make in India' equipment.
The sources said the talks are focused on sorting out certain issues relating to cost component, weapons package and technology sharing.
If confirmed by the Senate, Garcetti, 50, would replace Kenneth Juster, who served as India's Ambassador to the US during the Trump administration.
Tata Sons has started the process of due diligence of state-owned Air India and its subsidiary Air India Express. Sources said the group has appointed Bain and Company and Seabury Group for this purpose. Once complete, a financial bid will be submitted and a deal to take over the airline is likely to fructify by end of this year or even earlier, people involved in the process said. Simultaneously, the group has brought in veterans in the aviation business from Delta and United Airlines to prepare a plan for post-merger integration of Air India with its existing airline ventures. Tata Sons operates Vistara - a 51:49 percent joint venture with Singapore Airlines and Air Asia India, in which Tatas hold 83.67 per cent stakes.
However, the usual rush of the devotees was missing due to the recent targeted killings in the valley.
The recent spate of technical glitches in aircraft has prompted the Directorate General of Civil Aviation (DGCA) to issue an order on July 18, making aircraft maintenance engineers (AMEs) with category B1/B2 licences the final authorities in certifying planes. This has put the spotlight on the availability of such personnel. According to the order, airlines were resorting to frequent one-off authorisation by the Category A certifying staff at transit stations, which is not in line with existing regulatory provisions.
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