A Zomato customer, Radhika Bajaj, recently claimed that a delivery guy verbally abused her office staff because they took 10 minutes too long to collect their order. Zomato quickly apologized, admitting the behavior was unacceptable, while social media lit up with discussions about how to treat delivery partners and suggestions for penalties for late pickups.
Deepinder Goyal, the CEO of Zomato, is venturing into a new project with his startup, Continue. The company is designed to be your go-to health partner, focusing on a range of health and wellness services.
Hyundai Motor India shares launched on the NSE at Rs 1,934, showcasing a 1.32% discount to its IPO price of Rs 1,960. The IPO, the largest in India's history, captivated institutional buyers despite a lackluster retail response.
Indian Railways is cutting the advance reservation period for train tickets from 120 days to 60 days starting November 1, 2024. This move aims to reduce cancellations and no-shows, tackle fraud, and enhance ticket availability for real travelers. Existing bookings will stay as they are.
The fintech giant Phonepe has announced ₹2,800 crore investment aimed at ramping up its infrastructure across India. This includes building new data centers as part of its commitment to data localization.
Blinkit, the quick delivery service under Zomato, is rolling out express dark stores to deliver high-value items like air purifiers and jewelry in just 30 minutes. This move is all about upping the average order value and going head-to-head with giants like Flipkart and Amazon as the quick delivery scene heats up.
Ola Electric is claiming they've resolved 99% of consumer complaints after a notice from the CCPA regarding over 10,000 complaints. They're looking to up their after-sales service and significantly expand their network by 2025.
Prime Minister Narendra Modi has landed in Russia for a two-day trip to join the 16th BRICS Summit in Kazan. This year’s summit is a big deal, with new members like Iran and the UAE joining the crew. Modi is all set to chat with Russian President Putin and other leaders about pressing global issues, aiming to boost multilateral cooperation.
Afcons Infrastructure has set its IPO price band at ₹440-463 per share, opening from October 25 to 29. The IPO size has been reduced to ₹5,430 crore, with a focus on debt repayment and capital expenditures, amid a recent credit rating downgrade. The company has a strong order pipeline, including major projects like the Mumbai-Ahmedabad bullet train tunnel.
Allied Blenders and Distillers Limited (ABDL) has teamed up with Roust Corporation to roll out Russian Standard Vodka in India. While this partnership aims to dive into the booming vodka market, ABDL's stock took a 3.11% dip after the announcement.