Zomato co-founder Gaurav Gupta resignation comes as a surprise

The intimation for the same was made by Gaurav through an email to Company employees. Zomato founder and CEO Deepinder Goyal confirmed it on twitter. Reason mentioned – “taking a new turn in life and start a new chapter” Key points to note – Gaurav had joined Zomato only 6 years ago in 2015 and … Read more

India a tough market to operate: Zomato’s Deepinder Goyal

Zomato co-founder Deepinder Goyal said India is a tough market to operate in but the company will not focus on short term profits at the cost of long term success of the food delivery company. “India is a tough market to operate in, but if you are building to succeed in India, you are already … Read more

Airbnb’s CEO says the company will need millions more hosts to deal with a post-pandemic travel boom ‘unlike anything we’ve ever seen’

Airbnb’s CEO on Friday said it needed millions more hosts for the post-pandemic travel boom. Airbnb sees a “rebound coming that’s unlike anything we’ve ever seen,” CEO Brian Chesky told CNBC. It has 4 million hosts with about 5.6 million listings, numbers mostly unchanged by the pandemic. See more stories on Insider’s business page. Airbnb … Read more

Nesco plans over Rs 2,000 cr investment on business expansion in 5-7 years

To foray into the hospitality segment as well as expand its existing IT space offerings and add new exhibition centres. The company, which is into real estate, exhibition centre, food and beverages (F&B) and engineering businesses, is also planning to set up a convention hall at its Nesco Centre in Goregaon in suburban Mumbai. “We … Read more

ITC’s Q1 PBT falls 33.8% to Rs 3,435.88 cr, revenues decline 17.2%

A steep decline in cigarettes and hotels revenues due to the nationwide lockdown, imposed to contain the Covid-19 pandemic, dragged diversified conglomerate, ITC’s profit before tax (PBT) 33.81 per cent to Rs 3,435.88 crore in the June quarter. Revenues from operations fell 17.21 per cent to Rs 10,478.46 crore. Profit after tax was down by … Read more