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Swiggy's largest investor Prosus is likely to be tagged a promoter in the company as plans for trimming stake ahead of an IPO havent materialised. Details of this and more in today's ETtech Morning Dispatch.
Companies are subsidising tax liability on users through deposit offers and bonuses, say industry insiders.
It is offering one-time promotional chips to offset the impact of 28% GST, attract customers
Several representations were made at various forums through the last three years wherein we demonstrated that such a situation does not exist. Globally, what is the method of calculation for casinos is the gross gaming revenue.
The company has posted an EBITDA of Rs 100 crore in the quarter under review, again flat compared with the last year period. EBITDA margins, meanwhile, were down 19 bps to 37%.