Page 17 - Udisha Srivastav

ONDC appoints COO Vibhor Jain as acting CEO as leadership reshuffle deepens

ONDC names Vibhor Jain as acting CEO with immediate effect, concluding the Executive Committee's interim oversight as the platform continues its search for a new CEO

Motilal Oswal, Raamdeo Agrawal buy shares worth $100 million in Zepto

Both investors acquire shares from Zepto's early foreign backers at a $5 billion valuation as the firm aims for majority domestic ownership before going public

Next stop for BluSmart's electric vehicles could be Everest Fleet

Fleet operator in talks with embattled firm's lenders for possession of EVs

E-commerce firms brace for disruptions amid India-Pakistan ceasefire

Companies reroute deliveries, stock essential goods and activate contingency plans to safeguard operations and staff in conflict-affected areas

Gurugram bans drones, kites, fireworks till July citing security risks

Following the Pahalgam attack, Gurugram district bans drones, fireworks, hot air balloons, and kites until July 7 to prevent panic and maintain public safety

Startups get boost as govt raises credit guarantee cover to ₹20 crore

Revised CGSS raises guarantee cover to ₹20 crore and increases protection for lenders to encourage credit flow and reduce risks for innovation-led startups

BP Ventures in talks to acquire Anmol Singh Jaggi's stake in BluSmart

BP Ventures is exploring a buyout of Anmol Jaggi's 25.14 per cent stake in BluSmart as part of efforts to resolve governance issues and restart suspended operations

Evera Cabs bets on BluSmart EVs to drive Rs 100 crore revenue in FY26

Company targets 1,000 fleet, 39,000 customers in its expanded June run

InfoEdge earns 36% gross IRR on startup investments since 2007

InfoEdge's startup portfolio has yielded a 36 per cent gross IRR since 2007, led by Zomato and Policybazaar; total FMV of investments has reached Rs 36,855.4 crore

Blinkit delivery staff say IDs blocked after strike, restored on apology

Delivery partners said the company asked them to give written assurance against repeating such actions, warning it could take any action if they failed to comply

Evera Cabs to acquire 500 BluSmart EVs, expand Delhi airport services

Brand to absorb 500 BluSmart vehicles through lenders, with plans to expand EV cab fleet to 1,000 and step up presence across NCR's high-demand airport corridors

BluSmart drivers hit the streets for compensation and job guarantee

After BluSmart's abrupt shutdown, drivers protest in Delhi seeking severance pay, employment guarantees and the right to unionise amid growing concerns over gig worker rights

Swiggy Bolt expands to 500 cities as Zomato shuts down 'Quick' service

Swiggy Bolt now handles one in every ten food orders on the platform, marking rapid expansion even as rival Zomato discontinues its instant delivery service 'Quick'

NRAI dials Rapido to challenge dominance of Swiggy, Zomato in food delivery

Initially launched as a ride-hailing platform, Rapido is eyeing to enter food delivery to challenge the dominance of Swiggy and Zomato

Zomato's parent Eternal Q4 net profit falls 78% to ₹39 cr, revenue up 64%

The company's revenue for the quarter rose 63.7 per cent year-on-year (Y-o-Y) to ₹5,833 crore in Q4, up from ₹3,562 crore a year earlier

Anmol Jaggi-linked company bought luxe apartment in DLF Magnolias

Anvi Power Investments, a company in which Anmol Jaggi is a director, bought a ₹32 crore apartment at The Magnolias, an uber-luxury project in Gurugram and also of DLF

Eternal shuts instant food-delivery service Quick; delists 19K restaurants

As for restaurants that have been delisted, they either did not pass hygiene standards, were mimicking established brands and misleading customers, or were operating multiple identical menu listings

Househelp in 10 minutes? Q-com model to the rescue for domestic chores

The instant househelp service offers a way to formalisation in the sector, the second highest employer after agriculture, by providing skills, insurance, and guaranteed pay

Delivery riders sweat through the gap between corporate hype and reality

Despite companies asserting they provide adequate support, many workers report poor earnings, limited access to rest, and a lack of basic summer relief measures

Beleaguered ride-hailing firm BluSmart eyes climate funds for reboot

BluSmart looking to restart operations next month