Zomato receives ₹402 cr tax notice; stock dips 5%
Zomato says it is not liable to pay any tax since delivery charge is collected by company on behalf of delivery partners.
Zomato says it is not liable to pay any tax since delivery charge is collected by company on behalf of delivery partners.
Jefferies has set a target price of ₹1,300 for Paytm, a 34% upside compared with its closing price on October 19.
Revenue drops 38% year-on-year to ₹25,438 crore in the first quarter
Crude prices have risen significantly this fiscal, averaging $104 per barrel between April and October compared with $61 per barrel pre-pandemic.
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
Corporate revenue growth seen around 5-6% in the first quarter of FY20 because of a broad-based slowdown in consumption.
Reports from various equity research and ratings agencies said margins were under pressure due to rising costs.