The recent development of Zomato and Swiggy facing a Rs 500 crore GST penalty each has sparked discussions about the nuances of delivery fees and tax compliance within the online food delivery sector. Disputes Over Delivery Fees One of the primary issues centers
As the global investment landscape weathers the effects of a funding winter, Zephyr Peacock, the Indian investment arm of Zephyr Management, sets its sights on raising $200 million to fuel growth in Indian enterprises. Mukul Gulati, President and Chief Investment Officer at Zephyr
The recent evolution in India’s startup ecosystem, marked by the transition from the funding bonanza to a more pragmatic approach, has caught the attention of industry players. Mukul Gulati, President and Chief Investment Officer of Zephyr Management, shares insights on this transformation and
After a series of negotiations aimed at reinstating Sam Altman as CEO of OpenAI following his unexpected dismissal, the company’s board opted for a different approach by appointing former Twitch CEO Emmett Shear as the interim CEO. This decision comes as Altman will
Waldies Compound Limited, a prominent player in the specialty chemicals sector, has reported stellar results for the first half of fiscal year 2024, showcasing remarkable growth and achieving significant milestones. H1 2024 Financial Highlights In an impressive feat, Waldies recorded an astounding revenue
Revenue Growth and Market Dynamics The pharmaceutical sector witnessed notable revenue growth in the September quarter, with listed companies reporting an average increase of 14 to 15%. This growth was primarily driven by a stabilizing trend in pricing within the US generics market,
The Confederation of All India Traders (CAIT) projects a significant economic surge during the upcoming wedding season, spanning from November 23 to December 15, with expectations of around 38 lakh marriages contributing to an estimated expenditure of Rs 4.7 lakh crore. Increased Expenditure
Let’s explore the transformative impact of Flipkart on the journey of entrepreneurs, showcasing their remarkable success stories and the pivotal role played by Flipkart in their growth trajectory. Crafting Water Solutions: Shyam’s Journey with Electro Shyam, an entrepreneur from West Bengal, established the
UltraTech Cement, based in Kolkata, is poised to acquire the cement business of Kesoram Industries, a flagship company of the BK Birla Group. This strategic move comes in the form of an all-share deal, with a business valuation of approximately Rs 7,600 crore,
The International Financial Services Centres Authority (IFSCA) chairman, K Rajaraman, has announced significant developments in the financial landscape of Gujarat International Finance Tec-City (GIFT City). Two Japanese banks are poised to become part of the growing hub, which already hosts 10 foreign and