Food delivery aggregator Swiggy's losses widened 2.24 times to Rs 3,628.9 crore during last financial year, as its expenses surged 227 per cent in a year. This is even as the decacorn's revenue jumped more than twofold to Rs 5,704.9 crore in FY22, according to details from company research platform Tofler. While the company's losses surged from a base of Rs 1,616.9 crore in FY21, its total expense in FY22 touched Rs 9,748.7 crore, from Rs 4,292.8 crore a year ago.
The accused had urinated on his co-passenger, a woman in her seventies, allegedly in an inebriated condition, in the business class of the Air India flight on November 26 last year.
According to Delhi Police data, 2,043 cases of rapes were registered last year as compared to 2,059 cases the year before that and 2,065 cases in 2016.
'Recently we held a video conference with a host (about 100) of US companies that want to move their base from China to Uttar Pradesh.'
While industry leaders Tata Consultancy Services and Wipro have announced deferring wage-hike plans, other players such as Infosys and HCL Technologies are expected to follow suit, according to industry insiders.
'I will be happy if walls are built between India and China!' 'We are going to nooks and corners of the country to make ordinary people realise the need to buy Indian goods so that our workers get jobs.'
Pakistan is playing a big part in the soccer World Cup by making the balls
At present, India has 56,999 fuel outlets. Of those, only 6,276 are owned by private companies
The rules will affect Indian companies that take most decisions about their foreign subsidiaries.
Nirma's tryst with the pharmaceutical space started in 2006 when it acquired the ailing Core Healthcare in a deal reported to be worth Rs 300 crore. The Ahmedabad-based manufacturer of intravenous fluids was subsequently renamed Nirlife. Pharma industry insiders say Nirma, which broke open the detergent market in the 1990s with low prices and massive advertising, tried an encore of the low-price strategy in pharma, but with mixed results.
One looks upon the coming new year with foreboding as current wars in Ukraine and Gaza spill over and escalate and new ones erupt in incipient fault lines across the world, notes former foreign secretary Shyam Saran.
'They are trying to make the situation bad for Indian Railways so that they can hand it over to private companies.'
Twenty-seven months after she lost her husband in an anti-insurgency operation in south Kashmir's Pulwama, 29-year-old Nitika Kaul on Saturday donned the army uniform after completing a one-year rigorous training in Tamil Nadu.
The Delhi Police sent multiple teams to nab the man, who had allegedly urinated on his female co-passenger on an Air India flight on November 26 last year, but he was absconding, officials said on Thursday.
Sydney based reader Kuldeep Apte writes about his father.
Improve speed of delivery, introduce smaller packs, create greater value
Greenwashing is making misleading or false environment-friendly claims about a product. Consumers in India currently do not have any way of telling whether a claim is authentic or greenwashing. And one never hears of action against any company for making false claims of being environment-friendly.
Cooler weather meant that demand for milk products and value-added items like buttermilk and ice-cream did not show the usual rise.
Due to the massive short supply of Paxlovid, demand for Indian generic versions has gone up through Chinese e-commerce platforms.
The Department of Industrial Policy and Promotion in its draft Cabinet has proposed to further tighten the rules for foreign direct investment in brownfield pharmaceutical sector.
Shubham Roy from Delhi writes about his father.
India's largest IT services player Tata Consultancy Services (TCS) saw its $2 billion, 10-year deal with Transamerica Life Insurance Company come to an end even before the period was over. Transamerica is the subsidiary of American arm of Dutch insurer Aegon NV. This is not the first time such a long-term deal has been called off. Earlier this year, UK's National Employment Savings Trust (NEST), ended a $1.8-billion deal with French IT services player Atos.
Taking advantage of the absence of Nestl's Maggi noodles, Patanjali launched its own atta noodles last month.
Haven't they heard about the 'Tale of Two Brothers'? asks Suveen Sinha.
Every defaulter is not a wilful defaulter who has the capability of paying back and is yet not servicing the bank loan, observes Tamal Bandyopadhyay.
.jpg)
Delhi police has recovered the iPhone which was provided by Uber to the driver accused of raping the 27-year-old finance company executive on Friday night inside the cab which she had booked through the company's app.
Gaps in labour legislation and India's reluctance to ratify two ILO conventions are stoking disputes over trade union recognition between managements and workers.
'We have often heard the mythical argument that patents block access to life-saving drugs, but only 5% of medicines from multinational companies are under patent protection in India.' 'Where these patented products are beyond the reach of Indian patients, the companies have programmes to facilitate access to their drugs, for free or for a fraction of the price,' points out Ranjana Smetacek, former director general, Organisation of Pharmaceutical Producers of India.
"In terms of local taxes, in terms of local small business productivity, local large business competitiveness, their educational outcomes, their entrepreneurial work, that's what matters," the Microsoft CEO said.
Panagariya also pointed out that COVID-19 pandemic may lead to integration of global labour market.
The Haridwar-based firm plans to open around 100 outlets of Paridhan by the end of this fiscal and have a network of around 500 stores by March 2020, mostly on franchise model.
The Street was hoping that investors will lap up shares of high-dividend companies on optimism that their payouts will increase further, thanks to the 20 per cent tax saving. However, the trade failed to materialise as wealthy investors stayed away fearing high tax outgo, and experts raised doubts on whether companies would actually increase cash dole outs.
Their favourite alternatives: Malaysia, Vietnam and the Philippines. Note, India is missing from that list. And this is despite an attractive financial incentive scheme for OSAT players. The reason, said a senior executive of a US chip company who had a meeting in Taiwan just a few weeks ago, is that "they want more predictability in government policy because they plan to put in big money."
What do we need more of: Leaders who dominate global institutions or local leaders with a 'Make-in- India' mindset?
Indian American Raj Subramaniam would be the new chief executive officer of FedEx, according to an announcement made Monday by the US multinational courier delivery giant.
Many are testing hybrid models including getting small batches to work, rotating staff every week, introducing shifts and allowing certain functions to operate from office in small numbers.
Carrier is the number one or two in most markets in the world. So I don't see why India should remain an exception.
Domestic food companies, too, continue to bet on packaged foods.
With his elevation as the CEO of Twitter, Parag Agrawal, in whom co-founder of the microblogging giant Jack Dorsey has "bone-deep" trust, joins the growing power club of Indian-origin executives helming US-based global multinationals. Twitter's outgoing CEO Dorsey announced on Monday that 37-year old Agrawal, an Indian Institute of Technology, Bombay and Stanford University alumnus, will be the company's new chief executive as he stepped down after 16 years at the company that he co-founded and helmed. A report in The New York Times said Agrawal will receive an annual salary of $1 million, in addition to bonuses, restricted stock units and performance-based stock units.
