Rapido's food delivery app Ownly goes live in Bengaluru
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Economic Times
13 minutes ago
- Economic Times
No service for instant e-PAN to be available on these two days: ITR E-filing portal
ET Online Instant Electronic PAN service on the e-filing ITR portal will not be available for two days due to scheduled maintenance activity; Check details The Income Tax Department has announced that instant e-PAN services will not be available for two days due to scheduled maintenance activity. For those who don't know what an e-PAN is, the Instant e-PAN service is available to all Individual taxpayers, who have not been allotted a Permanent Account Number (PAN) but possess Aadhaar. This is a pre-login service, where you can: Obtain digitally signed PAN in electronic format, free of cost, with the help of Aadhaar and your mobile number linked with Aadhaar, Update PAN details as per Aadhaar e-KYC, Create e-Filing account based on e-KYC details after allotment / updation of PAN, and Check status of pending e-PAN request / Download e-PAN either before or after logging in to the e-Filing portal. The Income Tax Department said on the e-filing ITR portal: 'Due to scheduled maintenance activity, Instant E-PAN services will not be available from 12:00AM, 17th August 2025 to 12:00AM,19th August 2025. Please plan your activities accordingly.' Also read: ITR filing deadline needs to be extended due to discrepancies in Form 26AS, AIS, system error while ITR uploading, and other issues, says GCCI Chartered Accountant Himank Singla, partner, SBHS & Associates, says: 'An e-PAN (Electronic Permanent Account Number) is a digitally signed PAN card issued in PDF format. It is generated instantly for eligible applicants using their Aadhaar details, without requiring submission of physical documents. This facility is particularly useful for individuals who need a PAN urgently for opening bank accounts, investing in securities, conducting high-value transactions, or complying with income tax rules.' Also read: Section 87A tax rebate can be claimed for short term capital gains income under new tax regime, rules ITAT Ahmedabad FAQs on e-PAN Question 1: I have a PAN but I have lost it. Can I get a new e-PAN through Aadhaar? Answer: service can only be used if you do not have a PAN, but have a valid Aadhaar and your KYC details are updated. Question 2: Are there any charges / fee for e-PAN? Answer: No. It is completely free of cost. Question 3: What are the pre-requisites for availing an instant e-PAN? Answer: The pre-requisite for obtaining instant e-PAN are: Individual who has not been allotted a PAN Valid Aadhaar and mobile number linked to Aadhaar User not a minor as on date of request; and User not covered under the definition of Representative Assessee u/s 160 of the Income Tax Act. Question 4: What documents do I require for obtaining a new e-PAN? Answer: You only require a valid Aadhaar with updated KYC details, and a valid mobile number linked with your Aadhaar. Question 5: Why do I need to generate an e-PAN? Answer: It is mandatory to quote your Permanent Account Number (PAN) while filing your Income Tax Return. If you have not been allotted a PAN, you can generate your e-PAN with the help of your Aadhaar and a mobile number registered with your Aadhaar. Generating e-PAN is free of cost, online process and does not require you to fill up any forms. Question 6: The current status of my PAN allotment request status is updated as 'PAN allotment request has failed'. What should I do? Answer: In case of failure of e-PAN allotment, you can apply for PAN through NSDL or UTITSL. Question 7: How will I know that my e-PAN generation request is submitted successfully? Answer: A success message will be displayed along with an Acknowledgement ID. Please keep a note of the Acknowledgement ID for future reference. Additionally, you will receive a copy of the Acknowledgement ID on your mobile number registered with Aadhaar. Question 8: I am not able to update my Date of Birth in my e-PAN. What should I do? Answer: If only the year of birth is available in your Aadhaar, you will have to update the date of birth in your Aadhaar and try again. Question 9: Can foreign citizens apply for PAN through e-KYC mode? Answer: No. Question 10: If my Aadhaar authentication gets rejected during e-KYC, what should I do? Answer: Aadhaar authentication may get rejected due to using the wrong OTP. The problem can be resolved by entering the correct OTP. If it still gets rejected, you have to contact UIDAI. N.R. 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Hans India
13 minutes ago
- Hans India
Rapido Challenges Swiggy and Zomato with New Food Delivery Venture ‘Ownly' in Bengaluru
Rapido, the popular Indian ride-hailing service best known for its bike taxis, has taken a bold step beyond mobility by launching its first food delivery platform, 'Ownly'. The new service is currently in its pilot phase in select Bengaluru neighbourhoods, directly challenging industry leaders Swiggy and Zomato. Speaking to TechCrunch, Rapido co-founder and CEO Aravind Sanka confirmed that the beta rollout covers areas including Byrasandra, Tavarekere, Madiwala (BTM) Layout, Hosur Sarjapura Road (HSR) Layout, and Koramangala. The service operates under Ctrlx Technologies, a wholly owned subsidiary of Rapido. The move has stirred the competitive pot. According to The Mint, Swiggy — which has previously invested in Rapido — recently told shareholders it would 're-evaluate' its stake, citing 'a potential conflict of interest' as Rapido ventures into the same market. Lower Prices, New Business Model Ownly's core selling point is affordability. The company claims it can offer food prices about 15% lower than those on Swiggy and Zomato. The difference lies in its pricing structure — instead of charging restaurants commissions as high as 30%, Ownly follows a fixed-fee-per-order approach. Rapido reportedly pitched this model to restaurant partners in June, presenting it as a fairer, more sustainable alternative. To keep operations lean and efficient, Ownly plans to limit delivery zones, showing customers only restaurants located nearby. This approach is designed to cut fuel expenses, shorten delivery times, and ensure better profitability for both Rapido and its partner eateries. Menus will also be curated strategically, aiming to strike a balance between visibility for restaurants and higher margins. Leveraging a Massive Fleet Rapido's biggest strength may lie in its existing network. The company operates a vast fleet of around 10 million vehicles nationwide, including 5–6 million two-wheelers. This same network supports its bike taxi, auto rickshaw, courier, and cab operations. Interestingly, Rapido has previously worked as a delivery partner for Swiggy, giving it valuable insight into demand patterns, peak hours, and popular dining spots. While its agreement with Swiggy prohibits partnering with Zomato or other direct competitors during that period, the company is allowed to use the operational data it gathered. Beyond Food: Rapido's Expanding Horizons Founded in 2015, Rapido initially made its mark in bike taxi services before expanding into auto rides, parcel deliveries, third-party logistics, and cabs. More recently, it has partnered with Taiwan's Gogoro to introduce battery-swapping electric two-wheelers into its operations, signalling its commitment to both innovation and sustainability. With Ownly, Rapido is making its most ambitious play yet outside its traditional mobility business. Whether its low-price, commission-free strategy will shake up the food delivery duopoly in India's tech capital remains to be seen — but for now, Bengaluru's foodies have a fresh new option on the menu.
Mint
27 minutes ago
- Mint
Wall Street today: Dow Jones, S&P 500, Nasdaq retreat after hotter-than-expected wholesale inflation data
US stock indices retreated on Thursday after a hotter-than-expected wholesale inflation data dampened investor hopes of interest rate cuts by the Federal Reserve this year. A Labor Department report showed the Producer Price Index (PPI) rose 0.9% in July on a month-on-month basis, much greater than Wall Street estimates. It stood at 3.3% on an annual basis last month. The disappointing PPI data comes as a surprise after Tuesday's reading on consumer prices suggested stable inflation in spite of President Donald Trump's tariffs. At 09:42 AM ET, the Dow Jones Industrial Average fell 164.29 points, or 0.37%, to 44,757.98, the S&P 500 lost 16.84 points, or 0.26%, to 6,449.74 and the Nasdaq Composite lost 22.69 points, or 0.10%, to 21,690.45. At the opening bell, the Dow Jones Industrial Average fell 31.4 points, or 0.07%, to 44,890.84. The S&P 500 fell 13.1 points, or 0.20%, to 6,453.46, while the Nasdaq Composite dropped 63.9 points, or 0.29%, to 21,649.211. Deere & Co stock tumbled 8% after the company reported a drop in quarterly profit. Cisco Systems shares fell 1% after the network equipment manufacturer's broadly in-line forecast. Gold prices were muted on Thursday after hotter-than-expected US wholesale inflation data and a drop in jobless claims. As of 9:15 AM ET (1315 GMT), spot gold fell 0.1% to $3,352.65 per ounce. US gold futures for December delivery were down 0.2% to $3,400.60. Among other metals, spot silver lost 1% to $38.11 per ounce, platinum gained 1% to $1,352.60 and palladium rose 1.7% to $1,140.81. Oil prices were stable on Thursday on uncertainty over US-Russia talks on Ukraine and US President Donald Trump's threat of "severe consequences" for Moscow if it does not agree to peace. Brent crude futures were up 49 cents, or 0.75%, at $66.12 a barrel by 1303 GMT, while US West Texas Intermediate crude futures rose 51 cents, or 0.81%, to $63.16.
