INDIA - Online delivery service, Swiggy is looking to expand its delivery services across the entire hyperlocal delivery market starting with a pilot program in Delhi-NCR, Bengaluru and Mumbai by November this year. This will widen its delivery diversification strategy as well as help with further optimization of its 55,000-member strong fleet, according to two…
INDIA - United Spirits, a subsidiary of Diageo and India’s largest spirits manufacturer has reported 29% increase in profits to US$11.80 million helped by strong growth in premium alcohol segment in the first quarter, ET Retail reported. For the three months ended 30 June, net sales rose by 13% attributed to strong performance in the…
INDIA - Flipkart, the Bengaluru based ecommerce company will from August 2018 shut down eBay.in, a business-to-consumer platform it had been operating for the last one year in partnership with eBay, reported ET Retail. Flipkart will launch a new platform in India to sell refurbished goods after eBay announced in May it had ended its…
INDIA - The Food Safety and Standards Authority of India (FSSAI) has directed food firms Swiggy, UberEats, Zomato to remove unregistered restaurants from their platforms, believed to supply sub-standard food. FSSAI has asked ten food firms to delist such restaurants that do not have a licence and submit report on the action taken along with…
INDIA - McDonald’s franchise holder Hardcastle Restaurants Pvt Ltd is recycling its own used cooking oil to make biodiesel that is used to power all its delivery trucks in Mumbai. The energy from used cooking oil is also used to power the refrigeration system for the trucks. According to the company, the new source of…
INDIA - Walmart India has opened its second fulfilment store in Lucknow, Uttar Pradesh with a goal to expand its wholesale presence in India, according to an article in the Economic Times. The centre aims to speed up operations and directly deliver grocery and general merchandise to Walmart's registered members of kiranas, hotels and other…
INDIA - The US multinational retailer Walmart Inc. is set to open six more stores in Uttar Pradesh expanding its footprint in the northern part of India as it forms part of its ‘priority growth’ region. ET Retail reported that the new stores will add to the already existing four outlets it operates in the…
INDIA - The state government of Maharashtra has ordered cooperatives to pay farmers US$0.36 per litre of cow’s milk, an increase from the previous US$25 to US$0.28 paid per litre to end the dairy farmers’ strike, reported ET Retail. According to dairy development minister Mahadev Jankar, the government will extend its subsidy to US$0.073 per…
INDIA - The online food delivery company, Swiggy has appointed Dale Vaz, former Amazon India engineering head as its new head of engineering and data sciences, ET Retail has revealed. Vaz brings in eleven years of experience from Amazon with his most recent role as the director of software engineering. He will be responsible for…
INDIA - The government of India is considering incentives on milk product exports, add milk to mid-day meal rations, reduce GST (Goods and Services Tax) and increase import duty on some products as a way to ensure dairy farmers get value for their efforts. Highlighting challenges facing the milk production sector, government officials have decided…
