ZOMATO REFUND
![Ecommerce sellers count on cash-flow gains from GST cut](https://img.etimg.com/thumb/msid-111210969,width-100,height-75,resizemode-4/tech/technology/ecommerce-sellers-count-on-cash-flow-gains-from-gst-cut.jpg)
Ecommerce sellers count on cash-flow gains from GST cut
Recommendations by the GST council aim to benefit suppliers on online platforms and real money gaming firms through tax changes, including a reduction in tax collected at source for electronic commerce operators.
![Blinkit starts offering free dhaniya with vegetables after viral post. Say thanks to a Mumbai mom](https://img.etimg.com/thumb/msid-110163680,width-100,height-75,resizemode-4/news/india/blinkit-starts-offering-free-dhaniya-with-vegetables-after-viral-post-say-thanks-to-a-mumbai-mom.jpg)
Blinkit starts offering free dhaniya with vegetables after viral post. Say thanks to a Mumbai mom
A Mumbai man's post on paying for coriander at Blinkit prompts CEO Albinder Dhindsa to offer free coriander with vegetable orders. Ankit Sawant suggests bundling herbs free with veggie purchases. Netizens were amazed by the speed of implementation by Blinkit
![Stocks in news: IDFC First Bank, Indian Oil, Infosys, Zomato, JSW Steel](https://img.etimg.com/thumb/msid-108928374,width-100,height-75,resizemode-4/markets/stocks/news/stocks-in-news-idfc-first-bank-indian-oil-infosys-zomato-jsw-steel.jpg)
Stocks in news: IDFC First Bank, Indian Oil, Infosys, Zomato, JSW Steel
Bank Of India has received a demand notice of just over Rs 1,000 crore from the assessment unit, Income Tax department, pertaining to AY 2016-17.
![Indian cricketer orders tandoori chicken on Zomato, then claims 'new fraud in India'](https://img.etimg.com/thumb/msid-107984949,width-100,height-75,resizemode-4/news/india/indian-cricketer-deepak-chahar-orders-tandoori-chicken-on-zomato-then-claims-new-fraud-in-india.jpg)
Indian cricketer orders tandoori chicken on Zomato, then claims 'new fraud in India'
Indian cricketer Deepak Chahar accuses Zomato of fraud after not receiving his food order, sparking a discussion on widespread issues faced by users. Zomato apologizes and promises to address the problem promptly, while Chahar suggests implementing photo verification for deliveries.
![Zomato nightmare: Customer finds cockroach in Japanese noodle soup order, company issues response](https://img.etimg.com/thumb/msid-107709242,width-100,height-75,resizemode-4/magazines/panache/zomato-nightmare-customer-finds-cockroach-in-japanese-noodle-soup-order-company-issues-response.jpg)
Zomato nightmare: Customer finds cockroach in Japanese noodle soup order, company issues response
A Zomato customer from Agartala, Sonai Acharya, recently made a distressing discovery when she allegedly found a cockroach in her Japanese miso ramen chicken ordered from Auntie Fug's eatery. Acharya's social media post detailing the incident garnered widespread attention.
![Why Voda Idea, Tata Power are Sanjiv Bhasin 2 top bets from this Diwali to next](https://img.etimg.com/thumb/msid-105086705,width-100,height-75,resizemode-4/markets/expert-view/why-voda-idea-tata-power-are-sanjiv-bhasin-2-top-bets-from-this-diwali-to-next.jpg)
Why Voda Idea, Tata Power are Sanjiv Bhasin 2 top bets from this Diwali to next
“In pharma, it is better to buy a basket now than individually because select stocks have been outperformers and you want to participate in the whole basket. As a disclosure, Lupin and Aurobindo are two which we have accumulated. We still think that there is upside in both those stocks.”
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EV scooter makers deposit customer refunds; IT firms see dip in hiring
Four e-scooter makers have deposited part of the over Rs 300 crore they have to refund to buyers for mispricing their ebikes to avail of subsidies.
An Indian biryani won’t democratize e-commerce: Will bringing local bazaars under ONDC work?
Restaurant-delivery platforms are already worried about Infosys Ltd. Chairman Nandan Nilekani’s newest foray into public-policy evangelism: Open Network Digital Commerce. But it isn’t just food or groceries. An unbundling of e-commerce in India could upend billions of dollars of investment.
ONDC logs slow ecommerce uptake, snags may hit expansion
Electronics, fashion items, smartphones and others are considered broadly the key drivers of online sales across marketplaces. While ONDC, as a network, has scaled to about 20,000 daily orders from around 1,000 in March, 97-98% of the orders have been for hyperlocal deliveries of food and grocery.
EV scooter sales hit a bump in April, Ola grows marginally; What's plaguing Nykaa?
Electric two-wheeler sales took a beating in April, according to data from Vahan, a government database that tracks vehicle registrations, and compiled by Elara Capital.
Zomato requests restaurants for higher advertising expenditure to cover cancellation cost, Restaurants call it ‘Arm Twisting’
Restaurant owners question the Zomato policy on cancellation and their demand for more advertisement revenue from restaurants.
Ahead of going live in Bengaluru, ONDC participants huddle
To begin with, consumers in the IT capital will be able to buy groceries, food and beverages online from about 70 sellers on the platform who can be discovered through four customer-facing apps-- Paytm Mall, IDFC FIRST Bank, Kotak Mahindra Bank, and PhonePe.
We are an equal opportunity platform: Swiggy on demand for non-Muslim delivery worker
Swiggy also clarified that such requests are not considered as the assignment of delivery workers is fully automated.
‘Mixed’ report card for Amazon India; Zomato deputy CFO quits
The company has made headway with customers in metros and tier 1 cities, Bernsetein said in its report, but faces “immense competitive pressure” in new categories such as groceries from domestic players like Reliance (JioMart), and in new markets from startups like Meesho.
'Unfair trade practice.' Zomato fined Rs 10,000 for cancelling customer's Rs 287 pizza order
Online food delivery company Zomato also has been ordered to provide one free meal to the complainant.
RBI guv calls crypto a ‘clear danger’; Lenskart acquires Japan’s Owndays in $400M deal
RBI governor Shaktikanta Das said cryptocurrencies present a “clear danger” to financial systems and stability.
Startup dreamers return to IT firms after layoffs; Zomato reports Rs 360 crore net loss in Q4
IT firms have been battling record attrition of late, so startups’ loss is their gain.
Zomato net loss jumps to Rs 360 crore in Q4; Invact Metaversity is in trouble
Total revenue grew to Rs 1,350 crore in Q4 from Rs 750.8 crore in the same quarter in FY21.
Zomato, Swiggy apps go down during lunch hours. This is how 'hungry' (and some 'hangry') customers reacted on Twitter
Amazon Web Services (AWS) servers went down, leading to the glitch.
Food aggregators like Swiggy, Zomato to collect 5% GST beginning Jan 1
Food aggregators like Swiggy and Zomato will have to collect and deposit tax at 5% rate beginning Saturday, a move which will widen the tax base as food vendors who are currently outside the GST threshold will become liable to GST when provided through these online platforms.
Food aggregators like Swiggy and Zomato to collect 5% GST beginning January 1
Currently, restaurants registered under GST are collecting and depositing the tax. Also, cab aggregators like Uber and Ola will have to collect 5 per cent Goods and Services Tax (GST) for booking 2 and 3 wheeler vehicles effective January 1. Also, footwear irrespective of prices will attract 12 per cent tax from Saturday.
Zomato in the firing line; Cred’s valuation hits $4B
This morning, Zomato said it had fired a customer service employee who told a customer that he ought to know Hindi. Two hours later, the company reinstated the employee after CEO Deepinder Goyal tweeted that she should not have been sacked for her "ignorant mistake".
'Level of chill needs to be higher.' Zomato founder disagrees with cancel culture, reinstates employee fired over Hindi 'national language' remark
A customer from Tamil Nadu had been asked by a Zomato employee to learn Hindi.
As #Reject_Zomato trends on Twitter, Deepinder Goyal calls for 'tolerance and chill'
"The level of tolerance and chill in our country needs to be way higher than it is nowadays," CEO Deepinder Goyal says after Zomato reinstated the customer care employee who was fired over her "national language" remark to a Tamil customer.
Zomato listing on Friday? Grey market premium climbs to 35%
Following the buzz of early listing, the grey market premium on the unlisted shares of the company has moved higher. The company is now commanding a premium of Rs 22-25 in the unofficial market for trading in unlisted shares, which suggests a 33-35 per cent premium.
Zomato share allotment status: Here's how to check it
Investors are eagerly waiting India's first startup unicorn listing, whose share allotment is likely to be finalised by Thursday. Last heard, unlisted shares of Zomato were commanding a Rs 16.75-17.25 premium in the grey market up from Rs 10 they was commanding just ahead of the issue.
Zomato IPO: When will it open, IPO price, retail quota, how many shares can you bid for, allotment status
Zomato IPO will open for subscription on Wednesday, July 14, and will close on Friday, July 16. The price band for Zomato IPO has been fixed at Rs 72-76.
Have appetite, but no faith! Zomato IPO leaves analysts confused on how to value a loss-making firm
There has been a lot of excitement among investors, who are looking to invest in one of the first desi unicorn startups to hit Dalal Street. Grey market trends suggest a healthy 20 per cent premium on the issue price.
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