New Delhi, Feb 6: Food-tech giant Zomato on Thursday officially changed the company’s name to Eternal, following an approval from its board.

In a stock exchange filing, the online food aggregator said that when we acquired Blinkit, we started using “Eternal” (instead of Zomato) internally to distinguish between the company and the brand/app.

“We also thought that we would publicly rename the company to Eternal, the day something beyond Zomato became a significant driver of our future. Today, with Blinkit, I feel we are there,” said Deependra Goyal, Co-founder of Zomato.

The group CEO added that “we would like to rename Zomato Ltd., the company (not the brand/app), to Eternal Ltd”.

Despite the name change, the Zomato app will continue to operate under its existing name. However, the company’s stock ticker will now be updated from Zomato to Eternal.

Eternal will serve as the umbrella brand for four major businesses — Zomato, Blinkit, District and Hyperpure.

These divisions represent the company’s growing presence in food delivery, quick commerce, dining services, and supply chain solutions.

Meanwhile, the online food delivery giant clocked a 57 per cent decline in net profit (year-on-year) at Rs 59 crore in Q3 from Rs 176 crore in the same period last fiscal.

However, the company’s revenue from operations increased by 64 per cent to Rs 5,404 crore in the latest quarter earnings announced on January 20.

The expenses of the Gurugram-based food giant rose to Rs 5,533 crore.

In a letter to shareholders on January 20, the company shared updates on its progress and expansion plans, stating that it aims to open 1,000 new Blinkit stores by December this year.

This announcement was made along with the financial results for Q3 ended on December 31, 2024.

New Delhi, Feb 6: India retained its third spot on the US Green Building Council’s (USGBC) annual list of top 10 countries and regions for LEED (Leadership in Energy and Environmental Design) in 2024 with 370 projects, across both buildings and spaces, being certified for LEED in the country covering 8.50 million gross square metres (GSM).

India has consistently ranked among the top three countries for LEED certifications, underscoring its dedication to achieving the United Nations’ Sustainable Development Goals (SDGs) for 2030.

The ranking reflects India’s focus on combating climate change and promoting environmentally conscious practices through green development initiatives. LEED certifications in India are managed by the Green Business Certification Inc (GBCI), which works to accelerate the adoption of green buildings nationwide.

China topped the rankings with over 25 million GSM certified followed by Canada with 10 million GSM. The annual ranking by USGBC highlights the significant progress made by countries and regions outside the United States in adopting healthy, sustainable and resilient building design, construction and operations.

GBCI MD, Southeast Asia & Middle East, Gopalakrishnan Padmanabhan, said: “India’s remarkable achievement of 370 LEED-certified projects in 2024 highlights the country’s steadfast commitment to sustainable development and climate action. With 8.50 million GSM of green-certified space, India is not only addressing the growing need for sustainable urban infrastructure but also making significant strides towards achieving the United Nations’ SDGs for 2030. As the nation continues to expand its urban footprint, the adoption of green building practices will be central to improving community well-being and mitigating climate change. India’s ongoing push for net-zero emissions by 2070 further solidifies its leadership in the global movement for a sustainable future.”

India’s growing real estate market is increasingly aligned with sustainable practices. The expansion of LEED certifications beyond commercial spaces to industrial, residential, and educational sectors underscores the country’s commitment to its net-zero targets and sustainable growth. As LEED continues to evolve, India remains a global leader in green building practices, inspiring other nations to prioritise sustainability in their built environments, according to a GBCI statement.

This year marks the 25th anniversary since the USGBC launched the LEED rating system. Since its establishment in 2000, USGBC’s LEED metrics-based system has set the standard for rating and promoting healthy, resilient, sustainable, and efficient buildings. It has become the world’s most widely used green building program aimed at empowering the sector to decarbonise.

USGBC is finalising its later iteration of the rating system–LEED v5. The final version will be released later this year and will reflect the feedback received from the community.

Bengaluru: Fugitive businessman Vijay Mallya has filed a petition in the Karnataka High Court seeking loan recovery accounts from banks. Senior advocate Sajan Poovayya appeared on behalf of Mallya.

About The Petition

According to Mallya’s counsel Rs 6,200 crore was to be repaid, but Rs 14,000 crore has been recovered. Mallya’s counsel claimed that this was informed to the Lok Sabha by the Finance Minister.

Mallya’s counsel has argued that the loan recovery officer stated that Rs 10,200 crore has been recovered. He claimed that even though the full loan amount has been cleared, the process is still ongoing. Therefore, a request has been made to direct the banks to provide a statement of the recovered loan amount.

Based on Mallya’s petition a notice was issued to banks and loan recovery officers by the High Court bench led by Justice R Devadas.

Mallya is currently living in London and he is the subject of extradition efforts from the Government of India for alleged loan defaults.

Earlier on December 18, 2024, Vijay Mallya had claimed that banks have recovered Rs 14,131.60 crore from him “against the judgement debt of Rs 6203 crore” but he continues to be “an economic offender”.

He said in a post on X that unless the Enforcement Directorate and banks can legally justify how they have taken more than two times the debt, he is entitled to relief.

Tweet Of Vijay Mallya

“The Debt Recovery Tribunal adjudged the KFA (Kingfisher Airlines) debt at Rs 6203 crores including Rs 1200 crores of interest. The FM announced in Parliament that through the ED, Banks have recovered Rs 14,131.60 crores from me against the judgement debt of Rs 6203 crores and I am still an economic offender. Unless the ED and Banks can legally justify how they have taken more than two times the debt, I am entitled to relief which I will pursue,” Mallya said.

Finance Minister Nirmala Sitharaman had listed several major cases where the Enforcement Directorate has from time to time attached properties of individuals and companies connected to economic offence cases.

Finance Minister Nirmala Sitharaman On The Debate On Supplementary Demands For Grants

Replying to the debate on Supplementary Demands for Grants – First Batch for 2024-2025, she apprised the Lok Sabha Tuesday evening that the central enforcement agency has successfully restored properties worth around Rs 22,280 crore — only the major cases included.Of those restored, the complete attached property worth Rs 14,131.6 crores of fugitive businessman Vijay Mallya has been restored to the public sector banks, the minister said.