India News
Zomato reports loss of Rs 434.9 crore in Q2 FY22, revenue increases to Rs 1,024.2 crore from Rs 426, Tweeple asks bhai faayde me kb aaoge
The company’s losses went up mainly on account of investments in the growth of its food delivery business. As part of its long-term strategy to focus on core business, Zomato unveiled its three key investments in startups Curefit, Magicpin and Sprocket.
The food delivery giant Zomato on Monday reported a loss of Rs 434.9 crore during the second quarter of the fiscal year 2022 compared to a loss of Rs 360.7 crore reported in the previous quarter in Q2 FY21.
Losses widened even as revenues increased by 21.2% to Rs 1,024.2 crore from Rs 426 crore in Q2 FY22, compared to the Rs 844.4 crore revenue reported in the previous quarter.
The revenue of the company increased sharply to Rs 1,024.2 crore from Rs 426 crore.
As soon as the Zomato shared its report card, Tweeple expressed their views sharing memes.
Expert says that increased delivery cost was one of the main reasons behind the Zomato’s loss.
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However, the shares of Zomato were trading nearly 2% higher at Rs 139 apiece on the BSE in Thursday’s session. The delivery cost per order increased by Rs 5 per order on a sequential basis, though the food delivery giant doesn’t expect the delivery costs to go up further.
The company’s losses went up mainly on account of investments in the growth of its food delivery business. As part of its long-term strategy to focus on core business, Zomato unveiled its three key investments in startups Curefit, Magicpin and Sprocket.
Zomato said that it is in the process of divesting or shutting down its non-core businesses which were not going to significantly move the needle for shareholders in the long term.
India News
Muslim man lynched in New Delhi for eating prasad at temple
The Nand Nagri police station is investigating the case. According to reports the name of the young man is Mohammed Isar. He was mentally ill.
In the North East district of New Delhi a young man was beaten to death. According to reports the young man had come to participate in a religious program. After eating Prasad the angry mob tied the young man to a pillar and beat him up. He lost his life due to the beating.
The police are investigating the CCTV footage. They have detained some suspects and interrogation is undergoing. The Nand Nagri police station is investigating the case. According to reports the name of the young man is Mohammed Isar. He was mentally ill. He reached a temple near his house at 4am on September 26.
A religious program was taking place in the temple. As a result there was a check point. Isar picked up Prasad from a post built near the temple. He started eating it. The mob of people present at the spot caught hold of him and tied him with a rope to a pillar. He was beaten with sticks and belts.
A video has been recorded which clearly shows the accused beating the mentally ill young man. The video of the incident has gone viral. According to reports Isar suffered serious injuries which led to his death. The area is highly sensitive. In a similar incident previously a Hindu had been killed. Some organizations had protested in the area for several days.
Large police force has been deployed in the area due to the sensitivity of the case. The body has been taken by the police and has been sent to the hospital for post mortem. North East Delhi DCP Doctor Joy Tirki said the CCTV footage is being scanned.. The police said the accused will be detected soon. The whole matter is under investigation. The police said Isar’s father Abdul Wajid is a fruit vendor. He also has four daughter. Isar was his only son.
India News
Madhya Pradesh: 12-year-old girl raped in Ujjain, CCTV shows people refusing to help her
A shocking incident has been reported from Madhya Pradesh’s Ujjain where a 12-year-old girl after being raped was seen half-naked and bleeding and seeking help from a man, standing at the door of his house, but was shooed away.
A shocking incident has been reported from Madhya Pradesh’s Ujjain where a 12-year-old girl after being raped was seen half-naked and bleeding and seeking help from a man, standing at the door of his house, but was shooed away.
The minor was seen walking on the street in a residential area and was bleeding and in a semi-naked condition. As per the reports, the 12-year-old girl was raped and dumped near the city’s Dandi Ashram.
The CCTV visuals showed the minor girl walking on the street, approached a man who was standing on the main door of his house for help, but was shooed away.
According to reports, the minor girl was later admitted to a hospital for treatment and further was referred to Indore in critical condition.
India News
Cauvery water dispute: Karnataka to move Supreme Court challenging panel’s direction to release water to Tamil Nadu, says CM Siddaramaiah
The Cauvery Water Regulation Committee’s panel directed Karnataka to release water at the rate of 3000 cubic feet per second (cusecs) to Tamil Nadu from September 28 to October 15.
Karnataka Chief Minister Siddaramaiah on Wednesday affirmed that his government will approach the Supreme Court challenging the Cauvery Water Regulation Committee’s order to the state to release water to Tamil Nadu.
On Tuesday night, the Cauvery Water Regulation Committee’s panel directed Karnataka to release water at the rate of 3000 cubic feet per second (cusecs) to its neigbouring state, Tamil Nadu from September 28 to October 15.
The conflict between the two states broke out when the Cauvery Water Management Authority (CWMA) order directed Karnataka to continue releasing 5000 cusecs of water to Tamil Nadu for another 15 days. Following the order, top Congress leaders of Karnataka maintained that there is no surplus water available to be released.
Speaking on the matter, the Karnataka Chief Minister noted that he had spoken to the state’s legal team, which suggested that the matter should be challenged in the Supreme Court. He added that they have decided to challenge the order of the Regulation Committee before the apex court, adding that they don’t have water to give.
Meanwhile on Tuesday, Deputy Chief Minister D K Shivakumar had expressed satisfaction over CWRC rejecting the request of Tamil Nadu, which demanded Karnataka to release 12,000 cusecs.
As per reports, Karnataka submitted before CWRC at its meeting in New Delhi on Tuesday the shortfall in cumulative inflows to its four reservoirs in the Cauvery basin up to September 25, that hold just 53.04 per cent of their capacity.
According to Karnataka officials, owing to the failure of the south-west monsoon from June to September this year, there is no adequate storage in the four reservoirs and the state is witnessing a grave situation, where it is even difficult to cater to the drinking water requirements, let alone supplying for irrigation. Notably, this year in August and September, Karnataka received the lowest amount of rainfall in the last 123 years.
