The three-year board will advise the Centre on welfare schemes for gig, platform and unorganised workers, with representatives from aggregators, trade unions and state governments.
Analysts said that Swiggy is growing slower than Eternal now on both food delivery and quick commerce.
Swiggy's food delivery adjusted EBITDA rose ₹101 crore year-on-year to ₹341 crore in Q2FY27, while Instamart's gross order value grew 16.7 per cent sequentially to ₹9,230 crore.
Swiggy's consolidated revenue from operations stood at ₹7,571 crore in the July-September quarter, compared with ₹5,561 crore in the corresponding quarter last year
Q2FY27 company results: Firms including Adani Total Gas, Colgate Palmolive (India), Chennai Petroleum Corporation, Jindal Stainless, and Cyient are also to release their July-September earnings today
Benchmark indices traded lower for the third consecutive session on Thursday, as selling across sectors amid elevated crude oil prices and concerns over corporate earnings weighed on sentiment.
Stocks to watch today: BEL, Swiggy, Eternal, IHCL, PC Jeweller, RBL Bank, SRF, Nestle India, Zydus Wellness, Persistent Systems, Adani Green Energy, Aye Finance, among others, will be in focus today
Swiggy's new feature lets users combine food orders from up to five restaurants through a single checkout, eliminating multiple platform fees and simplifying payments across 720 cities
Analysts said logistics is integral to the consumption theme, benefiting from rising demand across categories and the growth of quick commerce.
Redseer and Google expect the market to grow at a 41-48 per cent CAGR, with monthly transacting users crossing 100 million as non-metro adoption accelerates
Blinkit and food delivery players may post strong growth, while Instamart losses could widen; Meesho and PhysicsWallah are expected to show margin improvement
Noice currently partners with 75 food entrepreneurs and plans to expand to over 500 products, backed by a financing programme offering up to ₹5 crore in formal credit
The key concern for the investors in mega issues, according to G Chokkalingam, founder and head of research at Equinomics Research, is how the issue is priced.
E-commerce giants bank on speed as they expand beyond metros ahead of Big Billion Days, Great Indian Festival sale event.
Motilal Oswal Wealth Management Research Desk is bullish on QC platforms in 2QFY27 with improving growth momentum, as competitive intensity moderates and demand benefits from festive seasonality.
FSSAI has initiated penal action against five e-commerce platforms over product claims, information and the listing of prohibited food articles under food safety regulations
Quick commerce platform Instamart on Wednesday announced its plans to strengthen its battery-swapping stations network by installing facilities closer to its micro-fulfilment centres or dark stations to boost EV adoption in last-mile delivery. The company said this initiative is a part of its partnerships with electric mobility-as-a-service (MaaS) platform operator Yulu and battery swapping network platform Yuma Energy to address two practical barriers to EV adoption -- access to affordable electric two-wheelers and charging-related downtime. Instamart is working with Yuma Energy to bring battery-swapping infrastructure closer to delivery partners by providing space at its PODs (dark stores) for Yuma's swapping stations, it added. The first battery-swapping station was inaugurated earlier this month at the Instamart POD (Dark store) in Bengaluru, bringing energy access closer to where delivery partners operate, Instamart said. Yuma Energy currently operates more than 2,000 ...
India is a functional duopoly when it comes to food delivery though there are challengers to Eternal (Zomato) and Swiggy
Stocks to watch today: Bandhan Bank, defence shares, RBL Bank, PVR Inox, Adani Power, Swiggy, Asian Paints, Molbio Diagnostics, IndusInd Bank, among others, will be in focus today.
As part of the transaction, Swiggy will acquire about a 2.8 per cent stake in Udaan and invest Rs 75 crore in parent entity TIPL for an additional 0.4 per cent stake