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India Orders Zomato to Pay $95 Million in Taxes and Fines

  • India's tax department orders Zomato to pay $94.8 million in taxes and fines for non-payment from 2019-2022.
  • The penalty is over four times Zomato's latest quarterly profit; the company plans to challenge the order.
  • Zomato also faces antitrust scrutiny alongside Swiggy for alleged competition law breaches.

Source: Reuters

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1mo ago
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