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HSBC has a buy on GAIL with the target price at Rs 235. Analysts said that the Petroleum and Natural Gas Regulator Board (PNGRB) issued an interim order increasing pipeline tariff by 12% against GAIL’s demand for 33%, with the final order deferred to 2028. While this order disappointed investors in near term, analysts believe…
Swiggy Instamart (representative image) Food delivery major Swiggy has firmly rejected recent media reports suggesting its quick-commerce arm, Instamart, has lost significant market share to rival Zepto. In a strongly worded disclosure filed with the stock exchanges on Thursday, November 27, the company termed the claims as “baseless and unreliable.” The clarification comes in response…
The newly notified labour codes mark a historic shift for India’s gig economy, formally bringing millions of delivery partners, ride-hailing drivers and platform workers under a recognised social security framework for the first time.The overhaul transitions gig workers from the fringes of the unorganised sector into a regulated system with access to protections such as…
MUMBAI: Blame it on quick commerce that’s made Indians used to getting groceries and a host of other products including make-up, light jewellery items and occasionally even iPhones in 10 minutes, consumers now want their food to get delivered faster unless it’s a gourmet recipe or something they want to have at leisure. They would…
Cuisine continues to remain at the heart of festivities with Indians ordering more food online as Diwali draws near.Online food delivery platforms like Swiggy and Magicpin have witnessed a huge surge in orders, with even more expected in the coming days. Anshoo Sharma, CEO and Co-founder of Magicpin, told PTI that the platform is preparing…
Rapido looks to raise $500 million funding as Swiggy exits stake Bengaluru-based ride-hailing startup Rapido is finalising a $500-550 million (Rs 4,500-5,000 crore) funding round, combining primary and secondary deals, while Swiggy exits its stake in the company.The move comes as Rapido expands its ride-hailing operations and scales its food delivery platform, Ownly. The primary…
