Global LPG supply has been disrupted due to the Middle East war, which is directly impacting India’s food delivery and gig workers. Gig and Platform Service Workers Union (GIPSWU) has warned in a press release issued from Pune that food orders on platforms like Zomato and Swiggy have fallen by 50-60 percent. Restaurants, dhabas, cloud…
The Indian market has been facing challenges with elevated valuations and rising apprehensions regarding the possible impact of AI on IT services exports and consumption, according to a report by Kotak Institutional Equities. The sharp rise in tensions between Iran and the US, worries about a broader conflict in the Middle East, and increasing crude…
Experts have also advised to keep an eye on ONGC shares. He said that in recent times there has been a rise in the prices of Brent crude and crude oil, which directly benefits oil exploration companies like ONGC. For this reason, the stock is expected to strengthen. From current levels it can be bought…
Swiggy, the leading food delivery and quick commerce platform, saw its shares stage a rebound in Wednesday’s session, March 4, defying the broader market sell-off. The stock opened the session at ₹280, which also marked a fresh all-time low, but demand picked up as the day progressed, pushing it to an intraday high of ₹300.20…
Swiggy share price tanked over 7% in early trade on Friday after the company’s net loss widened in the third quarter of FY26. Swiggy shares declined as much as 7.68% to ₹302.25 apiece on the BSE. Food delivery and quick commerce company Swiggy on Thursday reported a consolidated net loss of ₹1,065 crore in the…
Stock Market Today LIVE: The benchmark indices of the Indian stock market, Sensex and Nifty 50, are expected to open lower on Friday due to mixed signals from global markets. The trends on Gift Nifty also suggest a sluggish start for the Indian benchmark index, with Gift Nifty trading around the 25,435 level, reflecting a…
Swiggy, the leading food delivery and quick commerce platform, announced its financial performance for the October–December period on Thursday after market hours, reporting a net loss of ₹1,065 crore compared with a net loss of ₹800 crore in the same period last year. Losses widened even as the company’s consolidated revenue from operations surged 54%…
Raghav Chadha recently went undercover as a Blinkit delivery boy. The Aam Aadmi Party (AAP) MP wanted to understand the daily struggles of gig workers. In a new YouTube video, he says his aim was to make these “invisible” workers visible and hear their problems directly. Chadha clarified that he was not trying to attack…
The growing intensity of discount wars in the quick commerce (QC) space is likely to delay margin recovery of the sector, highlighted Swiss investment bank UBS in its recent report. According to UBS’s pricing tracker, the discounts have expanded by 200-300 basis points compared to the levels seen in September, and they have increased further…
Days after the Center asked quick commerce companies to stop advertising fixed “10-minute” delivery promises, a survey found that consumers do not support the model and only want quick deliveries of medicines, followed by essentials. According to a survey by LocalCircle, 38% consumers who use quick commerce services said that they did not want anything…
