Sanjiv Puri shares some key insights

ITC‘s Chairman and MD, Sanjiv Puri has shared the following – Indian FMCG industry will bounce back by volume sales growth from FY24, led by rural demand, with early signs of recovery already visible. concerns around monsoons this year can be a dampener (he didn’t mention it) ITC will accelerate investments across businesses back to … Read more

Zomato brings back Gold. Tussle with restaurants restarts.

Zomato Gold is a periodic subscription based membership, whereby the subscribing customers get significant discounts and free deliveries from the member restaurants. Initially, it was mainly available on offline eating. However, later Zomato extended it to deliveries and that’s when member restaurants put up a significant protest because of which the scheme was altogether stopped … Read more

One more Co-founder resigns at Zomato

Trend of Co-founders and Key Employee resignations continue at Zomato. Mr. Gunjan Patidar, Co-founder and Chief Technology Officer (CTO) at the Company has now tendered his resignation. Gunjan was one of the initial employees of the Company. He had joined in 2008 and built the core tech system of Zomato. Despite being the CTO, he … Read more

Zomato’s co-founder resigns. High profile exits continue.

Mohit Gupta, the co-founder at Zomato for last 4 and half years has resigned. Reason for Mohit’s exit – no clarity Where is he going – no one knows Is Zomato concerned – atleast not publicly. They didn’t even designate him as a Key Managerial Person (check the company disclosure in the source link). This … Read more

Hotels, restaurants can’t force consumers to pay service charge, orders CCPA

The Central Consumer Protection Authority (CCPA) on Monday barred hotels and restaurants from levying service charge automatically or by default in bills. It will be completely up to the customers to pay any amount as tip and eateries cannot directly or indirectly levy any charge more than the rate of food items. “Hotels, restaurants can’t … Read more

Airbnb permanently bans parties at its rental locations

Airbnb is making permanent its ban on parties at homes listed on the site for short-term rentals. The San Francisco company believes the ban has worked, saying Tuesday that reports of parties at listed properties have dropped 44% from a year ago. More than 6,600 guests were suspended last year for related violations, Airbnb said. … Read more

Airbnb allows employees to live and work from anywhere

Airbnb will allow its employees to live and work almost anywhere around the world, fully embracing a remote work policy to attract staff and ensure flexibility. The San Francisco short-term-stay company said late Thursday that under the new policy, employees can work from the office, home or during their travels to 190 countries. Staff will … Read more