The Economic Times



Harsh Goenka, Nykaa boss & Swiggy CEO have a 'healthy' resolution for 2020

The BCCI president said that he has a lot to do at the moment.

Cloud kitchens on boil as DPIIT checks FDI compliance

Govt is set to make clear if cloud kitchens, started by food-ordering platforms, violat...

Ant Financial places $150 million on Zomato table at $3 billion valuation

Zomato was last valued at $2 billion when it picked up capital last...

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  • Majety, 33, says the company is moving towards improving its bottomline as discounts come down. Swiggy, he said, will continue to invest in new growth areas like ‘Stores’ and parcel delivery service ‘Go’.

    Flipkart has already done so, and others like Swiggy and ride-sharing apps are about to follow. A key driver for this has been the phased relaxation of rules by RBI—most recently last Friday —on one-time passwords.

    Flipkart has already done so, and others like Swiggy and ride-sharing apps are about to follow.

    The code on social security, one of four codes that are intended to refashion 43 labour laws, seeks to extend coverage of employees state insurance corporation act across India and to all establishments employing 10 or more employees.

    Food delivery agents earn between Rs 25,000 and Rs 50,000 a month, depending on the number of orders they complete, hours on the road, and distance covered, among other factors. Cab drivers can earn Rs 35,000 to Rs 80,000 a month, a chunk of which goes towards fuel, loans, and vehicle maintenance

    Oyo, Ola, Paytm, Quikr, Zomato and Rivigo have handed out pink slips or are likely to.

    Swiggy spent Rs 1,593 crore in delivery costs and Rs 423 crore on salaries and wages. The company also spent Rs 778 crore on marketing and advertising expenses to compete with Zomato. Part of Swiggy’s expenses can be accounted by Rs 113 crore lost in order cancellation.

    Kubernetes, a five-year-old open source project started by Google and currently owned by the Linux subsidiary CNCF (Cloud Native Computing Foundation), is one such technology. Some believe it will become the operating system of the cloud.

    The ubiquity of these workers is such that it’s easy to forget that it has been around for less than 5 years.

    Zomato is currently delivering 1.3 mn orders a day from 150,000 restaurants across India at more than 10 orders per restaurant per day. Swiggy has expanded its services to 500 cities in India, matching rival Zomato's reach. Swiggy, which has added 60,000 new restaurants in the past six months, said in October it would expand to 600 cities by December 2019.

    The Competition Commission of India has also advocated that e-commerce players increase in transparency in search rankings, collection and use of data and user review and rating mechanisms.The CCI has also recommended that e-commerce platforms notify the businesses of any proposed changes in terms and conditions and only bring them into effect after a reasonable notice period.

    To popularise the new product additions, GoliSoda is launching a three-week paayasam/ kheer festival across its ten operational stores in Hyderabad.

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