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Deepinder Goyal reveals Zomato delivery partners’ average income amid gig economy debate: Here’s how much they earn

Zomato CEO Deepinder Goyal shared a fact sheet detailing the average income of the company’s delivery partners, among other details, following a recent exchange with popular YouTuber Dhruv Rathee on X (formerly Twitter). The move came after Rathee questioned the company’s pay practices and called for transparency around gig workers’ earnings, prompting Goyal to publicly … Read more

Cartrade in discussions to acquire CarDekho

In a stock exchange filing, Cartrade has informed about the above. According to media reports, the proposed deal could value CarDekho’s automotive classifieds business at around $1.2 billion This is significant vis-a-vis Cartrade’s own size; its mcap currently is around 1.7 bn $. If the deal goes through, it would add significant debt on the … Read more

Dreamfolks exits its mainstay lounge business

In a surprise announcement, company has announced exit from it’s main business – the airport lounge access. That’s the business the Company was built upon, was known for and had got most of it’s fan following. (check my Company notes for details) There were speculations that this would eventually happen as the largest airport operator … Read more

Paytm’s parent receives notice for FEMA violations

As is typical of many new age startups, one more notice for violations. The Enforcement Directorate (ED) has issued a show-cause notice to the parent company and two subsidiary companies of Paytm for allegedly violating provisions of the Foreign Exchange Management Act (FEMA). Notice is to the parent One 97 Communication limited (OCL), it’s managing … Read more

Uber auto goes subscription-based: No more commissions, cash-only rides

Ride-hailing giant Uber has announced a significant change in its operational model for auto drivers in India, shifting from a commission-based system to a Software-as-a-Service (SaaS) subscription model. As part of this transition, all auto rides booked via the Uber app will now be cash-only, effective from 18 February. A notification on the Uber app … Read more

DeepSeek AI: As the world is blown away by Chinese AI titan DeepSeek’s potential, users on social media say, ‘Goodbye ChatGPT’

Social media users are claiming that the glory days of ChatGPT are soon going to be over looking at the fact that its new competition in the market, DeepSeek R1, is already blowing everyone’s minds. Such is the craze over DeepSeek, it has resulted in a major disturbance around tech stocks in the US stock … Read more

Why Elon Musk is not the answer to US concerns over TikTok

The idea of Elon Musk as a potential buyer for TikTok may seem like the craziest development yet in the saga of the US government’s determination to ban the app. But it’s not as out-of-left-field as it sounds, and would carry its own potential harms.The world’s wealthiest man has long said he hopes to create … Read more

MapMyIndia in a bad corporate governance move transfers B2C business to founder’s son

C.E. Info Systems (MapmyIndia) has made some surprise announcements. Rohan Verma, the CEO and Executive Director of the Company is stepping down from the CEO position to float a new B2C Venture He however, will continue to the Non-Executive Director of MapmyIndia MapmyIndia will provide the following support to the new B2C Venture by Rohan … Read more