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.
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.
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.
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.