The Central Consumer Protection Authority (CCPA) has penalized Rapido with Rs 10 lakh for misleading advertisements promising ‘Guaranteed Auto in 5 mins or get Rs 50’. The CCPA’s order demands immediate discontinuation of the ads and compensation of Rs 50 to affected consumers. Complaints revealed consumers received only Rs 5 in Rapido coins redeemable for bike rides, not prominently disclosed. Post navigation PSB earnings review: FinMin holds Q1 meeting with bank chiefs; SBI leads sector with Rs 44,218 crore profit Textile exports: Shipments up 5.37% in July despite global headwinds; cumulative April-July exports rise to $12.18 bn
