Something is cooking in online food delivery. After 15 years of grappling with the demands of the business - read cash burn - Gurugram-based Zomato reported its first profit in the first quarter of 2023-24 (FY24). Not satiated, it reported a profit in the following quarter as well: Of Rs 36 crore in the second quarter compared to Rs 2 crore in the first. A year ago, in the second quarter of FY23, it had reported a loss of Rs 251 crore.
Air fares in India were about 300 per cent higher than those in China and some other countries because of high tax rates, Jet Airways chief Naresh Goyal said on Monday, asserting that the aviation industry could not grow with such taxation.
As many as 14 opposition MPs were suspended from Parliament for the remainder of the winter session for disrupting proceedings, as the Lok Sabha security breach incident snowballed into a major row on Thursday with the government asking the opposition not to "politicise" the "grave national issue" and the Congress, Trinamool Congress and others demanding a statement from Home Minister Amit Shah.
Gandhi had recently alleged in London that the structures of Indian democracy are under "brutal attack" and there is a full-scale assault on the institutions of the country.
Monochrome is eternal, as are prints. Have fun with both.
Jet Airways Chairman Naresh Goyal said on Friday Air Sahara employees would not lose their jobs as a result of his company taking over the Lucknow-based airline.
The OhioDaily blog reported that it has "learned that Governor Ted Strickland's search for a Lt. Governor may be nearing completion and his short list includes at least two members of the House leadership team: Mansfield-area Representative Jay Goyal and Toledo-area Representative Matt Szollosi. Goyal is the House Majority Whip and Szollosi serves as the Speaker Pro Tempore."
Neetu Yadav and Kirti Jangra teamed up to create an app that is possibly the platinum standard for apps targeted at Bharat.
Esports to breakdancing, Hangzhou will set the trend for future of sport
Talking about the relationship with his father, Anil Antony said, "We all are different and our thinking is also different. Joining the BJP is my personal decision and my father has been associated with the Congress for many decades. He has a different attachment to the Congress."
The total incentive outgo under the ambitious production-linked incentive (PLI) scheme is estimated to be less than Rs. 40,000 crore by the fiscal year 2024-25 (FY25), when it completes the fourth year of implementation, according to the government's internal estimates. This means only a fourth of the allocated Rs 1.97 trillion is expected to be utilised by the end of FY24, indicating that not all the 14 PLI schemes would have taken off fully. While three of the 14 schemes - large-scale electronics manufacturing, bulk drugs, and medical devices - were introduced in 2020, the remaining were launched the following year.
The NCMC facilitates convenient travel while integrating last-mile connectivity, a must in India's extensive landscape. It enables travellers to pay for a cross-section of needs, including toll tax, retail shopping, and withdrawing money.
The finance minister's Budget presentation is a sombre affair, yes, but it wasn't as if the Lok Sabha was all serious through the speech.
Minister of State Prahlad Singh Patel on Monday posted on social media platform X that the Union Cabinet has approved the women's reservation bill, but deleted the post within an hour.
The controversy over a Trinamool Congress member of Parliament mimicking Vice President Jagdeep Dhankhar took political centrestage on Wednesday with the issue playing out both inside and outside Parliament and President Droupadi Murmu joining Prime Minister Narendra Modi in expressing dismay.
'Pappa (A K Antony) was seen sitting with utmost pain in a corner of the house. I have never ever seen him so weak like this in my life. He did not shed tears, that's all'
Gogamedi, the chief of Rashtriya Rajput Karni Sena, was shot dead in Jaipur on Tuesday by unidentified bike-borne criminals.
Kolkata Police commissioner Vineet Goyal said on Friday that there was no situation where attendees were short of space at Nazrul Manch here during singer KK's performance on Wednesday.
Locals and parents of other children immediately took to the streets following the incident, protesting against the "lack" of proper policing of the major road intersection in the southern part of the city.
Ruling and opposition members in Rajya Sabha on Tuesday sparred over 'foul' remarks made by Congress president Mallikarjun Kharge in Rajasthan's Alwar, with treasury bench members seeking an apology from him.
He said the prime minister has received global recognition and India was rising under his leadership.
Online food delivery aggregator Zomato is on an internal rebranding exercise by moving to a multiple chief executive structure for its businesses that will be housed under a larger organisation called Eternal. In an internal message to employees, Founder and Chief Executive Officer (CEO) Deepinder Goyal said the company is at a stage where it has matured from running a single business to running multiple and large companies. The restructuring is happening after the shareholder approved the Blinkit acquisition.
The BJP could ask at least a dozen of its 92 Rajya Sabha MPs, particularly those who have served more than one term, to contest the 2024 Lok Sabha polls.
Dressed in colourful attire, members of the Lok Sabha and the Rajya Sabha on Tuesday got their group photograph clicked in the old Parliament building, hours before legislative proceedings shift to the new Parliament House.
Though public shareholding in Jet is already down to the mandated 25 per cent, the regulator wants its promoters to pare their stake further.
The BJP's challenge is whether it can again deflate a Congress, which now looks reinvigorated and has adopted sharper messaging around its 'guarantees', and several regional parties, especially in Bihar, Maharashtra and West Bengal.
During the debate on the 'Motion of Thanks on the President's Address', Leader of the House Piyush Goyal and Union Finance Minister Nirmala Sitharaman strongly objected to 'insinuations' against the prime minister, who was also present in the House.
Prime Minister Narendra Modi on Thursday suggested the G20 trade ministers to work collectively to ensure equitable competition between large and small sellers as there are challenges in the fast growing cross-border e-commerce. In a video message at the G20 Trade and Investment Minister's meeting here, he also emphasised on the need to address the problems faced by consumers in fair price discovery and grievance handling mechanisms. "Digitising processes and use of e-commerce have the potential to enhance market access. "I am glad that your group is working on the 'High Level Principles for the Digitalization of Trade Documents'. These principles can help countries in implementing cross-border electronic trade measures, and reduce compliance burdens.
India's economic image is not affected due to Adani Group's recent decision to pull out Rs 20,000 crore FPO (follow-on public offers) amid allegations of financial wrongdoings, Finance Minister Nirmala Sitharaman said on Saturday.
The over half-an-hour meeting between the opposition parties and the government, however, remained inconclusive.
After the success of the National Highways Authority of India's (NHAI's) first infrastructure investment trust (InvIT) with foreign institutional investors, the Centre is working on a proposal to launch a fresh InvIT for national highways, where domestic retail investors can hold units of the trust
Rajya Sabha chairman Jagdeep Dhankhar on Friday suspended Congress member of Parliament Rajani Ashokrao Patil for the remainder of the current Budget Session for filming House proceedings.
Actor and Samajwadi Party MP Jaya Bachchan said she was happy that the House was discussing the most important ambassadors of the country, the film fraternity.
India's athletes claimed 76 gold medals, 75 silver and 51 bronze at the Special Olympics World Games 2023.
Local train services came to a halt between Badlapur and Ambarnath section in Maharashtra's Thane district adjoining Mumbai due to water-logging on railway tracks after heavy rains, officials said.
The top court said the exclusion of a member of the Opposition from the House just because of a perspective which may not be consistent with the viewpoint of the government is a serious issue.
To set up a future-ready administration geared towards the target of $2 trillion exports by 2030, the Department of Commerce has decided to set up a dedicated trade promotion body to drive overall promotion strategy, export targets, and execution as part of a restructuring exercise. The trade promotion body will formulate and drive overall trade promotion strategy; create and drive India's branding across focus markets and sectors; drive coordinated action across missions, states and export promotion councils; strategic initiatives, including advisory and buyer-seller meet; and develop digital platforms for exporters and buyers. Based on a 14-volume 'restructuring dossier' by the Boston Consulting Group, the commerce department has already implemented some of the recommendations.
Kharge wanted to raise the issue of some of his observations being expunged by the chair, but he was not allowed on the plea that he cannot read the same remarks which have already been expunged.
Employees who benefit from rent-free accommodation should pay heed to these new regulations, especially if they are in the higher salary brackets.
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