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SWIGGY TAX DEMAND
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...- Listed new-age internet firms brace for a costly ride as war clouds mathThe March quarter was largely stable for companies, with most firms reporting revenue growth in line with expectations and improving operat...
- Swiggy CEO on failed shareholder vote; Indian firms brace for MythosHappy Thursday! Swiggy group CEO Sriharsha Majety opened up about the recent hitch to become an Indian-owned company. This and more in toda...
- Stocks in news: Canara Bank, MCX, Urban Company, Ola Electric, Vodafone IdeaIndian markets closed higher amidst volatility, with global events like the US-Iran agreement keenly watched. Several companies, including ...
- Stocks in news: SBI, Titan, Hyundai, BSE, Torrent Pharma, Axis BankIndian markets saw volatile trading on Thursday, closing nearly unchanged despite positive signals. Several companies including SBI, Titan,...
- ETtech Explainer: What does Blinkit’s growth moderation mean for rivals?The platform recently reported its second straight quarter of positive adjusted Ebitda (earnings before interest, taxes, depreciation and a...
- Eternal, Swiggy shares rally 3% but HSBC just reduced target prices. Should you buy?Eternal and Swiggy shares rose after platform fee hikes, despite HSBC cutting target prices due to rising competition in quick commerce. Th...
- Zomato, Swiggy face Rs 180-200 crore GST hit, plan to pass on burden to delivery partners, customersZomato and Swiggy are set to face an additional GST burden of Rs 180-200 crore annually following a GST Council clarification. The companie...
- Zomato, Swiggy, Blinkit delivery fees to face 18% GST. What it means for investorsIndia’s food delivery and quick commerce firms face higher costs after the GST Council brought delivery fees under Section 9(5) of the CGST...
- Swiggy hikes platform fee to Rs 15 in third revision in three weeksThis comes in the background of strong festive season demand and widening losses in the April-June quarter. The restaurant aggregator had r...
- Swiggy raises platform fee to Rs 15 in select markets amid surge in ordersSwiggy has increased its platform fee to Rupees 15 in high-demand areas. This follows a recent increase to Rupees 14. The move aims to impr...
- Eternal shares rise 2% as Zomato hikes platform fee to Rs 12 ahead of festive seasonZomato's parent company, Eternal, saw shares rise by 2% after increasing its platform fee to Rs 12, mirroring a similar move by competitor ...
- Swiggy receives Rs 7.6-crore notice from Pune profession tax departmentSwiggy has received a Rs 7.6 crore tax notice from Pune's profession tax department for FY22, adding to total demands nearing Rs 167 crore....
- Swiggy shares in focus after Rs 158 crore tax demand, firm plans to appealSwiggy shares: Earlier, the Bengaluru-based company received notices from the Income Tax Department regarding unpaid dues related to cancel...
- Fintechs plug into EVs; Groww’s CCI nodHappy Wednesday! Fintech startups are tapping into India’s growing commercial EV market. This and more in today’s ETtech Morning Dispatch.
- Swiggy faces Rs 158 crore tax demand, plans to appealSwiggy received an assessment order for Rs 158.25 crore unpaid dues, citing tax issues on cancellation charges and interest income. This re...
- Zomato, Swiggy, other new-age company stocks vault after FM's income tax reliefZomato's shares surged over 7%, hitting the day's high of Rs 237.5, while Swiggy's stock price dropped by 4.65%, closing at Rs 433 per shar...
- Zomato receives tax demand of Rs 803 crore from GST authoritiesFood and grocery delivery major Zomato has received a tax demand notice of Rs 803.4 crore from GST authorities in Maharashtra, the company ...
- Zomato receives Rs 402 crore unpaid GST notice, company contests chargesZomato said it received the GST notice on December 26 to show cause as to why an alleged tax liability of the said amount for the period Oc...
- Restaurant industry wants clarity on GST on Swiggy, ZomatoThe GST Council has said that food delivery platforms such as Swiggy and Zomato should cough up 5% GST, just like restaurants.
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