1767331474 unnamed file.jpg

‘Unaffected by strike calls’: Zomato, Swiggy log record orders on New Year’s Eve; Goyal explains 10-min delivery model amid uproar

NEW DELHI: Food delivery giants Zomato, Swiggy and magicpin reported a massive surge in orders on New Year’s Eve, saying operations remained largely unaffected despite a nationwide strike call by a section of gig workers demanding better pay and working conditions.Sharing a post on X, Eternal founder Deepinder Goyal said, “Zomato and Blinkit delivered at…

Read More
1763812547 unnamed file.jpg

Labour code rollout: Gig workers get social security for first time; what it means for Zomato, Swiggy, Uber riders

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…

Read More
1760264944 unnamed file.jpg

Valuation gap: ONGC trails Zomato in market cap despite holding assets worth 1/3rd of its valuation; analysts flag undervaluation

State-run Oil and Natural Gas Corporation (ONGC), valued at around Rs 3.10 lakh crore, now lags behind food delivery platform Zomato in market capitalisation despite owning stakes and assets worth more than a third of its own valuation — a gap analysts say reflects deep undervaluation of India’s largest oil and gas producer.As of Friday’s…

Read More
1759498509 unnamed file.jpg

‘NPS platform workers model’: HDFC joins Zomato to roll out retirement saving schemes for delivery workers

Food delivery giant Zomato has joined hands with HDFC Pension to introduce the ‘NPS Platform Workers Model’, a retirement savings scheme for the platform’s delivery partners. The initiative was launched by finance minister Nirmala Sitharaman at a PFRDA event on October 1.According to Zomato, over 30,000 delivery partners have already received their PRANs (Permanent Retirement…

Read More