'We serve more than 1.2 billion trips annually and have over 1.5 million active earners each month using the platform.'
Prosus, the Amsterdam-based technology investor with net assets valued at over $200 billion spanning payments to e-commerce, has identified India as one of its most critical growth markets, and is increasing its strategic investments here.
'We do not need short-term measures but long-term ones. Companies seem to have given up on the infrastructure part. Long delays are fuelling more traffic crisis.'
Sources said Peerzada has been asked to come with all his financial documents to the taxman after the department took cognisance of recent media reports about his wealth being about Rs 3,000 crore (Rs 30 billion).
'The country is a good test bed for enterprise adoption, but to scale rapidly, companies will need to look outside the country for customers.'
Jammu and Kashmir Congress minister Peerzada Mohammad Sayeed will continue in the council of ministers, Chief Minister Omar Abdullah said on Saturday, a day after he divested him of education portfolio in the wake of examination scandal involving his step-son.
The Karnataka government is planning to levy a fee of 1-2 per cent on aggregator platforms like Swiggy, Zomato, Flipkart, Amazon, Uber, etc., a government source said on Friday, adding that an announcement in this regard could come following a sub-committee meeting next week. "There is a sub-committee meeting scheduled in the coming week.
'Binary fission will happen -- startups will lead to more startups.'
'Expect our food delivery business to deliver sustainable adjusted EBITDA margins of about 5 per cent in the medium term.'
The Congress is fighting the elections in a pre-poll alliance with National Conference and has fielded 32 candidates, mostly in Jammu region, compared to 51 by the regional party. Additionally, the CPI(M) and the Jammu and Kashmir National Panthers Party (JKNPP) have each been allocated one seat while both the Congress and NC had a 'friendly contest' on five seats.
'Our business continues to roll out its strategy, the role of this GDTC continues to grow.'
'We have reached 70 million monthly active users during this festival season, which is another great milestone for us.'
Framing the next chapter in Swiggy's journey as a responsible corporate citizen, co-founder and chief executive officer (CEO) Sriharsha Majety unveiled the company's eagerly awaited public listing. Majety, who has largely shunned the spotlight, shared reflections on his entrepreneurial path and the strategic pivots he and his co-founders navigated in building Swiggy. "We started with code aggregation, then pivoted to logistics, and that became Swiggy.
The Congress was fighting the elections in a pre-poll alliance with National Conference and had fielded 32 candidates, mostly in Jammu region, compared to 51 by the regional party.
'The demand for international fashion labels, particularly from tier-II cities and beyond, has seen a notable uptick.'
A first information report (FIR) was filed in Ghaziabad on Monday against Alt-News co-founder Mohammad Zubair for allegedly promoting enmity among religious groups and other offences following a complaint by an aide of controversial priest Yati Narsinghanand, according to police.
Seventeen former leaders of the Democratic Azad Party (DAP), including ex-deputy chief minister Tara Chand and ex-Pradesh Congress Committee chief Peerzada Mohammad Sayeed, on Friday returned to the Congress fold and were welcomed back by the party which said they were on a 'leave of two months'.
How can a detenu already in jail and facing trial participate in rioting and stone pelting during that intervening period, the judge asked.
'If you look at assets truly working for us, you should look at Aakash and Great Learning.'
BlackRock has again reduced the valuation of its share in edtech firm Byju's - this time to about $1 billion, TechCrunch reported on Friday, citing disclosures made by the US-based asset manager. This is 95 per cent less than its peak valuation of $22 billion in 2022. The markdown comes at a time when the company is facing a multitude of challenges, including securing fresh capital, delays in financial reporting and legal disputes with lenders.
The revenue department retrieved about 40 kanals of land allegedly occupied by the owners of Hotel Nedou's at MA Road in Srinagar, officials said.
'As part of our D33 strategy, the plan is to establish 30 unicorns in Dubai within the next 10 years.'
About 20 scholars had recently written to Prime Minister Narendra Modi complaining about the inclusion of the work of the two authors in the syllabus.
'Building a whole product with the railways was challenging; we had to figure out how to load and unload a train when it stops for only about five minutes at a station.' 'We also helped them understand the revenues this would generate for them.'
'We want to achieve overall profitability, and then we would go for an IPO.'
Many CEOs said they plan to give special leave to women employees so as to encourage their participation in the workforce.
Walmart-owned digital payments firm PhonePe has decided to halt its proposed acquisition of Goldman Sachs- and Xiaomi-backed ZestMoney, a Bengaluru-based buy now, pay later (BNPL) platform. The deal, which was poised to fetch anywhere between $150-200 million and $300 million, has hit a snag over lapses in due diligence, disagreements over valuation, sustainability of the business, and shareholding structure of ZestMoney, according to people familiar with the matter. The collapse of the deal is also being attributed to a slowdown in the financial technology (fintech) sector in the midst of a funding winter, difficult regulatory environment, and macroeconomic uncertainty, informed other sources.
Congress president Sonia Gandhi Tuesday appointed former Jammu and Kashmir chief minister Ghulam Nabi Azad as the party's campaign committee chief in the union territory, but he declined the offer.
The attackers then manhandled him and also tortured his driver before fleeing from the scene.
'We have gone through more than what any company will go through.'
Delhi Police recorded the statement of Mumbai businessman Sahil Peerzada who corroborated the version provided by his fiancee, an American citizen who was molested allegedly by an Australian cricketer while investigators are trying to contact his friend who was present at the time of the incident.
Sahil Peerzada claimed on Monday that he asked Luke Pomersbach to leave his hotel room after he allegedly molested his fiancee, but they got into a brawl when the Australian cricketer punched him.
Former Jammu and Kashmir chief minister Ghulam Nabi Azad on Sunday launched a veiled attack on Congress leaders and said he gave sweat and blood for the party unlike those who are spreading 'falsehood' through social media.
The PDP led by former chief minister Mehbooba Mufti has decided to stay away from the delimitation process, saying the body lacks 'constitutional and legal mandate' and is part of the overall process of political disempowerment of people of Jammu and Kashmir.
Akhtar said he was livid when he came to know that Aamir and Asif had indulged in corruption during a Test against England.
Ola founder and chief executive officer (CEO) Bhavish Aggarwal will step back from day-to-day operations to focus more on engineering functions, team building, and products, apart from focusing on long-term strategic projects, such as two-wheelers, cars, and innovations in quick commerce and international expansion. "I'll be spending more time with all engineering functions, team building, and on products," said Aggarwal in an internal note, adding, "I'll also be increasing my focus on our longer-term strategic projects, including new two-wheeler products, our car project, innovations in quick commerce, electrifying ride-hailing, our cell research and development (R&D), international expansion, building our Pune technology (tech) centre, and Futurefoundry UK." To drive scale, speed, and quality, Aggarwal said he is expanding Ola Group's chief financial officer (CFO) G R Arun Kumar's role to help him steer 'day-to-day operations' across the group.
Interestingly, the Muslim representation in West Bengal assembly has dropped this time when compared to what it was in 2016, even as members of the community voted en masse for the Mamata Banerjee camp.
83% of the CEOS plan to hire more in the new year.
'E-commerce scams are not new, but what s more alarming is the covert cyber warfare the Chinese entities are launching in India on a repeated basis.'
'Dr Shah Faesal had informed state executive members that he is not in a position to continue with political activities and wants to be freed from the responsibilities of the organisation'
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