Financial Impact
E-commerce & Marketplaces Finance Food & Beverage. Government News States

Zomato Receives Fresh GST Notices For Rs 4.2 Cr

Food delivery platform Zomato revealed on Sunday that it has been served with notices from tax authorities in Delhi and Karnataka regarding purportedly insufficient payment of goods and services tax in 2018, amounting to Rs 4.2 crore. Zomato, in a filing with stock exchanges, stated its intention to contest the tax demand notices and emphasised […]

Read More
Bata India Faces Rs 60.56 Crore Tax Notice Over GST Discrepancies
Brands Companies Finance News

Bata India Faces Rs 60.56 Cr Tax Notice Over GST Discrepancies

Footwear giant Bata India disclosed receiving a notice from the State Tax Officer, Anna Salai Assessment Circle, Chennai, stating a sum of Rs 60.56 crore. This notice, dated 27 December 2023, follows a final audit report issued on 25 December, concerning the 2018-19 financial year, as detailed in the filing to the bourses. The audit […]

Read More
Tata Starbucks Reports Rs 24.97 Cr Net Loss For FY23
Companies Finance News

Starbucks Faces $11 Bn Loss Amid Sales Slump, Boycotts Over Geopolitical Concerns

Global political tensions are negatively affecting Seattle-based Starbucks Corporation as the company has lost approximately USD 11 billion in value, which accounts for 9.4 per cent of its total value. In just 19 days, since the 16 November Red Cup Day promotion, Starbucks shares have plunged 8.96 per cent, causing a loss of nearly USD […]

Read More