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Blinkit will have to abide by 'law of the land' while providing ambulance services: Piyush Goyal
Economic Times
·
7m ago
Medial
Commerce Minister Piyush Goyal emphasized that Blinkit's newly launched ambulance service must adhere to local laws and legal requirements. Blinkit announced the service in Gurugram, aiming to provide quick emergency response with ambulances equipped with essential medical tools and staffed with trained professionals. CEO Albinder Dhindsa stated that profit isn't the goal; instead, it's about addressing a critical issue efficiently. Blinkit intends to expand this service nationwide within two years, prioritizing accessibility and affordability.
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Social media cheers Blinkit's rollout of 10-minute ambulance service
Economic Times
·
7m ago
Medial
Blinkit's launch of a 10-minute ambulance service has been widely applauded on social media. CEO Albinder Dhindsa announced the initiative to provide quick, reliable ambulance services, starting with five in Gurugram. The service, accessible via the Blinkit app, aims to expand to major cities within two years. Industry leaders like Zomato founder Deepinder Goyal and Snapdeal cofounder Kunal Bahl praised the initiative for its societal impact, emphasizing the importance of prompt medical assistance.
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Dial4242 enabling patients to book ambulance in 15 seconds raises Rs 1 crore
IndianStartupNews
·
1y ago
Medial
Mumbai-based startup Dial4242 has secured Rs 1 crore in a seed funding round to expand its ambulance booking service across India. The company's app-based network connects users with emergency facilities by providing timely ambulance services. Dial4242 has partnered with insurance and gig economy players and claims to be the only ambulance service in India supporting policyholders. The funding will be used to enhance services and expand in more cities.
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Centre Steps In To Check If Quick Commerce Growth Is Hurting Kirana Stores Biz
Inc42
·
11m ago
Medial
Government ministries are investigating the impact of quick commerce on traditional mom-and-pop stores in India, considering whether it is disrupting their business unfairly. This follows a request from a retailer group to Union minister Piyush Goyal to probe the practices of quick commerce players like Blinkit and Swiggy Instamart, citing violations of FDI norms. Goyal has previously criticized the predatory pricing strategies of e-commerce giants like Amazon.
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Startups looking to reverse-flip must pay tax: Piyush Goyal
Economic Times
·
1y ago
Medial
Indian-origin startups planning to move their headquarters back to India will have to pay tax, according to Commerce Minister Piyush Goyal. These companies initially set up abroad for tax planning purposes and now want to return to India to take advantage of the country's growth story. Goyal stated that it would be unfair to exempt these firms from taxation while others are paying. Several unicorn startups, including Pine Labs and Razorpay, have been considering a move back to India from jurisdictions like Singapore and the US.
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E-commerce firms haven't come up with help from govt: Mohandas Pai
Inshorts
·
3m ago
Medial
Former Infosys CFO Mohandas Pai said e-commerce companies in India "have not come up with any help from the government". His remark comes after Union Minister Piyush Goyal criticised Indian startups for focusing on food delivery services rather than deep-tech. "We have a large number of deep-tech startups, but they're not getting enough money," Pai said.
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Blinkit Sees Decline In Market Share In Delhi NCR
Inc42
·
9m ago
Medial
The market share of Zomato's subsidiary, Blinkit, in Delhi NCR has decreased to 40% from around 47% in recent quarters, according to Zomato founder and CEO, Deepinder Goyal. Goyal stated that while the initial focus was on strengthening its presence in Delhi NCR, Blinkit is now expanding and targeting other markets. He also mentioned that Blinkit is the leading player in terms of GMV in major metros, except for Chennai and Hyderabad.
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MSMEs in IT sector to play a key role in achieving $450B services export target: Piyush Goyal
YourStory
·
4m ago
Medial
Union Minister Piyush Goyal emphasized the critical role of MSMEs in the IT sector in achieving India's $450-billion services export target for the next financial year. Speaking at Nasscom's Global Confluence 2025, he highlighted the sector's contribution to job creation and substantial export figures, with IT and ITES sectors contributing $200 billion. Goyal urged focusing on reskilling in technologies like AI and quantum computing to preserve competitiveness, while encouraging businesses to establish operations in India to promote economic growth.
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Startups Flipping Back Will Not Be Spared From Taxes: Goyal
Inc42
·
1y ago
Medial
Indian startups considering reverse flipping to move their headquarters back to India will have to bear tax liabilities, according to Union commerce minister Piyush Goyal. He stated that it would be difficult to justify exempting certain companies from paying taxes solely for moving back to India. Goyal added that many companies went outside India for their own selfish reasons and their return is not an altruistic move. The issue of angel taxes and valuation norms was also discussed, with Goyal emphasising the need to balance the concerns of startups and the prevention of illegal activities.
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Commerce minister Goyal accuses Amazon, e-commerce players of predatory pricing
VCCircle
·
11m ago
Medial
India's commerce minister, Piyush Goyal, accused Amazon and other e-commerce companies of engaging in predatory pricing practices. Goyal highlighted Amazon's investments in India, suggesting they have been used to cover the company's losses. Indian regulations prohibit Amazon and Flipkart from selling goods directly to consumers, but small retailers claim that these rules are bypassed using complex business structures. Goyal did not provide evidence to support his claims. Amazon and Flipkart have not responded to requests for comment. Goyal has previously criticized e-commerce giants for undermining smaller businesses.
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National Startup Day 2024: Rajeev Chandrasekhar, Piyush Goyal highlight deeptech, women power
Economic Times
·
1y ago
Medial
On National Startup Day, Indian ministers Rajeev Chandrasekhar, Piyush Goyal, and Dharmendra Pradhan celebrated India's position as the third-largest startup ecosystem globally. Goyal praised the government's efforts to support entrepreneurs, while Chandrasekhar emphasized deeptech as the next wave of innovation. Pradhan congratulated India's entrepreneurs and mentioned the launch of the second phase of Startup India program, which will focus on deep technology startups. India has over 1.17 lakh startups, with a significant number led by women directors and contributing to job creation.
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