swiggy

swiggy is providing food delivery partners with special cooling vests to combat extreme heat. These water-activated vests reduce body temperature for hours without electricity, offering a practical solution for workers in cities experiencing temperatures over 40 degrees Celsius.

SoftBank's Indian investments took a hit in the January-March quarter, with its portfolio losing over $600 million. Major companies like swiggy and Ola Electric saw value dips, though Lenskart provided a small gain. This comes as many of SoftBank's recent Indian IPOs face investor concerns about profitability and growth.

Leading financial institutions offer mixed outlooks on Indian stocks. Morgan Stanley sees SBI facing NIM challenges, while Goldman Sachs is bullish on Titan's jewellery segment. CLSA notes Bank of Baroda's core performance is mixed despite loan growth. Nomura backs swiggy, highlighting food delivery strength and quick commerce competition. HSBC anticipates Hyundai's market share recovery and new launches.

Investment part of broader $730 million round; valuation up 30% since last secondary transaction.

New rules under the Code on Social Security mandate gig and platform workers to work 90 days with one aggregator for social security benefits. Those working with multiple platforms need 120 days. Aggregators must register workers and face a 12% annual interest for delayed contributions.

Many Stocking Up, Revising Menus and Prices Already. Impact To Also Be Felt On App-Based Deliveries

An IT professional's quest for mental peace after leaving a stressful job took a sharp turn, leading to unemployment and financial hardship. Two months post-resignation, with savings depleted and facing ghosting from recruiters, he now relies on family and has taken a low-paying construction job, highlighting the harsh realities of the current job market and the importance of financial planning.

Get ready for pricier meals as India's restaurants and delivery apps plan a 5-10% food cost increase from next week. Soaring fuel prices, coupled with LPG shortages and staff issues, are forcing businesses to pass on rising transportation, packaging, and input expenses. This move disrupts annual pricing cycles, impacting dining out and delivery costs.

Amazon's ultrafast delivery service, Amazon Now, is seeing impressive growth in India, with orders climbing 25% monthly. Prime members are tripling their shopping frequency using the 30-minute delivery option.

The Calcutta High Court has overturned the Election Commission's 48-hour ban on motorcycle riding for the April 29 polls. Pillion riding will be prohibited for 12 hours, with exceptions for essential travel and emergencies. The court emphasized that blanket restrictions are not justifiable, while upholding the ban on motorcycle rallies.