Advisor to Prime Minister Tarun Kapoor said that the windfall tax on crude oil isn't very relevant right now. The Ministry of Petroleum has reached out to the Finance Ministry about possibly getting rid of the tax, especially since crude prices have dropped and the tax has been set to zero per tonne.
Scammers in India are using different tricks to cheat people, especially those who are middle-aged and older. Recent stories show how dangerous scams like fake police threats and digital arrests can be, leading victims to lose a lot of money. It's important to stay informed and alert about these common scams.
A recent report shows that Mukesh Ambani's Jio Financial is talking to Allianz about starting insurance partnerships in India. This comes after Jio Financial chose to end its partnership with Bajaj. The goal is to improve Jio's financial services and grow its presence in the insurance market.
Zomato is looking to raise $1 billion by selling shares to institutional investors. This is their first big fundraising since their IPO in 2021, and it comes just before rival Swiggy's $1.4 billion IPO. The goal is to strengthen Zomato's position in India’s quick-commerce market.
HuggingChat is a free chatbot made by Hugging Face that competes with ChatGPT. It offers users eight different AI models for tasks like creating images and reading documents. You can customize it a lot and add tools from the community, making it great for casual users and developers alike.
Zomato is facing criticism for selling analogue Paneer, a synthetic version made from vegetable oils, to restaurants. Customers are upset because this product, which is marketed as healthy, does not provide the same nutritional benefits as real Paneer. This situation raises questions about honesty and health risks related to this cheaper option.
Great Learning, an edtech startup, reported a revenue of $118 million in FY24, marking a 23% increase from the previous year. The Bengaluru-based company, known for its upskilling courses in data science and AI, remains EBITDA positive despite challenges in the edtech sector.
Zomato is seizing an 8% stake in kitchen appliance maker Byondnxt for INR 6,000. This comes after a net profit plunge of 30% in Q2 FY25. Byondnxt specializes in inventive kitchen solutions and was established by Eshwar Vikas.
Blinkit, Zomato's quick commerce arm, has witnessed its market share in Delhi NCR tumble to 40%. The company is now eager to extend its reach into other metro areas. Despite this setback, Blinkit continues to be a major growth engine for Zomato, with substantial revenue boosts and a mission to launch 2,000 dark stores by FY26.
Jammu and Kashmir's apple industry encounters hurdles despite its economic significance. Cold storage deficits, rivalry from imports, and infrastructure dilemmas jeopardize local growers. The region must adopt organic farming and bolster policies to champion apple production, safeguarding farmers' livelihoods and enhancing market stability.