Food delivery major Zomato on Tuesday launched an accelerated safety response programme that can automatically detect crashes through the delivery partner app. When a crash is detected, the app will immediately trigger an emergency call to Zomato’s central response system, which would then dispatch an ambulance to the delivery partner’s location. The company said that this
India’s tourism and hospitality sector is poised for a significant expansion, with the potential to generate 61 lakh new jobs by 2034, according to a new whitepaper released by the Confederation of Indian Industry (CII) and EY. Titled “Reimagining Workforce Horizons: Employment Landscape in Tourism and Hospitality in India,” the report was unveiled at the 18th Annual
Ola Consumer has begun testing 10-minute food delivery services in select areas of Bengaluru through the Open Network for Digital Commerce (ONDC) network. The service is currently available via the Ola Cabs app’s food delivery section in select areas of the city. The company plans a nationwide rollout in the coming weeks, pending pilot results.
With the slow start to the winter, consumer durables and electrical companies have reported a sluggish demand for winter products like geysers and room heaters in November, post the festive season of Diwali. Lower demand has been attributed to weak demand particularly from the northern region where temperatures continued to be higher than normal. Moreover
Domestic shipping companies are expected to continue to see a declining trend in revenue growth with an on-year dip of 8-10 per cent in fiscal 2026, stated a report by CRISIL Ratings. This, it added, will be on account of softening of charter rates — for crude oil and petroleum products amid stagnant demand, and
The Indian REITs Association (IRA) on Wednesday announced that it has appointed Alok Aggarwal, Managing Director and Chief Executive Officer of Brookfield India Real Estate Trust, as its new Chairman. Established in 2023 under the guidance of the Securities and Exchange Board of India (SEBI), the Indian REITs Association is a non-profit trade organization that
Burger King-operator Restaurant Brands Asia (RBA) announced that its board will meet on Friday, December 20, to consider raising funds via a preferential issue, qualified institutions placement (QIP) or other methods. In a regulatory filing, the company said, “We wish to inform you that a meeting of the Board of Directors (the Board) of Restaurant
Inox Wind Limited (IWL) on Wednesday announced that it has bagged a 60 MW order from Serentica Renewables (Serentica). This order, it said in a regulatory filing, is for the supply of 3 MW class turbines to be delivered within H1 CY25. Additionally, IWL will provide multi-year post commissioning operations & maintenance (O&M) services for
Ride-hailing platform Rapido is in advanced talks with restaurants and industry associations across four major metro cities to challenge the dominance of Swiggy and Zomato, which together command an estimated 95% market share. The move comes at a time when restaurants have been voicing growing concerns over high commission rates and potential conflicts of interest following
BNW Developments, the real estate developer, has partnered with the Indian Hotels Company Limited (IHCL) to bring the Taj Wellington Mews brand to the UAE. The signing ceremony occurred on March 10 at Taj Dubai. “The Taj Wellington Mews residences will introduce a blend of modern elegance, master craftsmanship, and world-class hospitality, offering an unparalleled
Fashion retailers including Arvind Fashions, Trent, Blackberrys, and Madura Fashion & Lifestyle are presenting collections almost every month these days. That’s down from the typical six-monthly cycle and in response to consumers’ more frequent demands for newer styles. While the concept of a quick rollout to market is not new to the fashion world with
US President Donald Trump’s tariff threats have been keeping stock markets on tenterhooks in the past couple of months. However, A Balasubramanian, managing director and CEO, Aditya Birla Sun Life AMC, believes that foreign portfolio investors should make a comeback into Indian markets from June. He tells Ananya Grover that while the current volatility will continue, the incremental
As it eyes the unicorn status, business-to-business (B2B) raw materials marketplace Bizongo, which is currently valued at $980 million, is enhancing its logistics vertical to boost its platform capabilities. The logistics arm, launched in November 2023, currently works on an asset-light model with partnerships with vendors, but the startup intends to start owning warehouses in
