Karnataka govt scripting labour law for app-based services
The labour department has prepared a set of draft rules which is being vetted by National Law School of India University (NLSIU) professors Babu Mathew and V Nagaraj. The department will take their inputs before taking a call on how to go about the exercise.
Central drugs regulator asks states, UTs to stop online sale of medicines
DCGI has asked all drug regulators in states and Union Territories ...
Travis Kalanick readies recipe for India cloud kitchen foray
Kalanick is building a team to drive his new venture, City Storage Systems, whic...
ET Awards 2019 a gastronomic gala: Chestnuts in paneer masala, lotus root in tadka dal, asparagus-edamame combo a hit
The guests satiated all their food cravings.
Don’t let vested interests stifle innovation: Prosus CEO
Prosus CEO Bob van Dijk's statement comes at a time when the DPIIT is looking into online food delivery companies like Zomato and Swiggy, where Prosus owns a 39% stake for an investment of $850-900 million, for deep discounting, data masking and private labels.
UberEats India devours firm's global numbers
Uber's total revenue rose nearly 30% to $3.81 billion, while net loss widened to $1.16 billion in the quarter ended September 30, the company said in a statement.
India Inc’s toughest and smartest to be recognised at ET Awards 2019
Top policymakers will address an audience chock-a-block with India Inc’s most influential on matters like national security and global economic engagement
ET Awards 2019: Raising a toast to India Inc’s best and brightest
Amit Shah, Nirmala Sitharaman and Piyush Goyal to address the audience at India’s premier corporate awards i.e. 2019 edition of the Economic Times Awards for Corporate Excellence. Shah, Sitharaman and Goyal form a speaker lineup that’s tough to beat at a time when India is looking for answers on national security and growth .
Swiggy in talks with South Korean funds to raise up to $500 million
The round is learnt to be led by Swiggy’s largest investor, South African internet giant Naspers. The exercise is expected to value the company at around $4 billion.
Milk delivery startups limit products to conserve cash, make supply chain efficient
Gurugram-based Milkbasket said it was scaling down operations in select localities in Bengaluru and Delhi NCR — its two largest markets. DailyNinja, which counts Matrix Partners and Sequoia Capital as investors and has raised about $10 million, is looking for a buyer
Sales at microbreweries face a dry run for the first time
About 170 microbreweries mushroomed in the past decade as the country’s high population of millennials showed keen interest in craft beer, a niche segment that still accounts for just 2-3% of the beverage consumption. Packaged craft beer brands such as White Owl and Geist are feeling the impact of the economic slowdown as well.
TikTok, Facebook and Instagram bring music to labels' ears
Music companies such as T-Series, Times Music & Saregama set to earn over Rs 100 crore this year as users put posts on these platforms with their music. Many experts say these are early days and with more users in India getting exposed to social media's features, music labels will benefit more. The revenue potential of these platforms may increase substantially.
Swiggy lines up $100m to deliver milk, other essentials
Shreyas Nagdawane and Puneet Kumar, who started the company in 2015, are leading the business after the acquisition by Swiggy.
Govt summons Zomato, Swiggy & others over deep discounting, predatory pricing
DPIIT to hold talks today with Swiggy, Zomato, Foodpanda and UberEats, and restaurant associations.
Ola Foods has plans for its Khichdi Experiment
The company plans to scale up these brands from six cities to tier 2 cities in the next year. Barring Khichdi Experiment, other brands include its rice bowl brand Lovemade, North Indian food brand Grandma’s Kitchen and dessert brand FLRT.
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