By responding to the customer in question, Zomato forgot the basic norm of business which calls for shunning any slugfest with people who have deep-seated prejudices, says Sudhir Bisht. IMAGE: The band of Zomato's merry delivery crew. Photograph: Courtesy, Deepinder Goyal's Twitter page Zomato, one of the most popular online food aggregators, achieved Nirvana sometime last year as its valuation turned $1Billion. There is more to cheer about this home-grown unicorn and it is the forecast that projects its revenues at Rs 3,477 crores and a net profit of Rs 208 crore in financial year 2020- 21. These are the projections made by Zomato’s valuation advisers (Resurgent India) and these projections have been given wide coverage in the print and web media. A profit of Rs 208 crore on a sale of Rs 3477 crore may not be a big cause for celebration but if one views it against the backdrop of the loss of Rs 2035 crores in FY 2018-19 on a yearly revenue of Rs 1425 crores, it … [Read more...] about Did Zomato err by engaging with an aspiring bigot?
CONOR McGregor's lavish lifestyle is a far cry from his humble beginnings in Dublin as a child where his family survived on the dole. The Mixed Martial Arts fighter , 32, has just topped up his fortune by more than £400 million after selling his shares in whiskey business, Proper No Twelve. Conor has no qualms splashing his hard earned cash from rising to the top of MMA on fiancee Dee Devlin , their children and his pals - often taking them on luxury holidays filled with superyachts. Despite his happiness to spend, spend, spend, the fighter says he will never forget the having nothing and queuing up in Crumlin, Dublin. Here is how he's splashed some of his hard won cash. £640K watches & 'f*** you' suits Since making his millions, Conor has had a wardrobe overhaul and only wears the most expensive brands. He regularly steps out in items from luxury brands Burberry, Hermès, Louis Vuitton, Dolce & Gabbana, and Gucci. He even uses expensive Burberry … [Read more...] about How Conor McGregor splashes his £300M fortune on gold-crusted steaks, superyachts and lavishing fiancée Dee Devlin
US space agency NASA announced the suspension of a contract for the creation of a lunar module with the American private company SpaceX worth about $2.9 billion due to protests from competitors at the Government Accountability Office, Reuters reported, citing the agency's statement. As a result of NASA's decision, SpaceX must halt all work directly related to the Moon program contract until the GAO issues its ruling, which is due by August 4 at the latest. “Pursuant to the GAO protests, NASA instructed SpaceX that progress on the HLS contract has been suspended until GAO resolves all outstanding litigation related to this procurement,” NASA spokeswoman Monica Witt said in the statement. Blue Origin filed a complaint with the GAO on Monday, claiming, among other things, that NASA allowed SpaceX to revise its bid but did not allow Blue Origin to do so because it "moved the goalposts at the last minute." Later, the GAO confirmed that Dynetics has also questioned NASA's … [Read more...] about NASA Suspends SpaceX Moon Mission Contract Following Recent Musk, Bezos Spat on Twitter – Report
Last week, Senator Tim Scott (R-SC) suggested he was seeking a compromise designed to unstick bipartisan negotiations over federal police reform. Scott's proposal relates to qualified immunity, a legal doctrine cabining federal liability against individuals, including police officers, acting "under color of" state law. Both progressive and libertarian policy advocates have been pushing to abolish this doctrine, but to date, congressional partisans have broadly split on the issue. My colleague Rafael Mangual and I have argued that Congress should address qualified immunity doctrine, in some fashion. I have not yet seen Senator Scott's draft text, but it's being touted as focusing on how courts apportion liability to municipal governments rather than individual officers. That makes some sense: There is little practical difference in whether liability attaches to officers or municipal governments, since municipalities almost always indemnify officers anyway. But we … [Read more...] about Qualifying the Debate Over Qualified Immunity | Opinion
Anti-fascist—or "Antifa"—chapters around the U.S. are concerned about the push for new domestic terrorism legislation that may include them, but say they remain committed to violent opposition to far-right groups and police regardless. Antifa activists are determined to continue their activities even if the threat of a terror designation becomes reality, and predict more upheaval and violence this year amid America's divided social landscape and fears of rising extremism. The recent political violence has prompted lawmakers to propose domestic terrorism laws targeting those involved. Though the main drivers of this looming crackdown are groups on the far right, it may also sweep up leftists routinely engaging in violence. Newsweek spoke with members of three Antifa chapters—one in Atlanta, Georgia; one in Corvallis, Oregon; and one in Portland, Oregon—who were worried about being branded terrorists if new legislation is introduced. But all were clear they would continue … [Read more...] about Antifa Activists Vow to Keep Fighting—Even as ‘Terrorists’