Need to register gig workers by June 21, government tells platforms

NEW DELHI: Government has ordered all digital platform aggregators, including Swiggy, Zomato, Uber, Blinkit, Ola, Rapido and Zepto, to upload details of their gig workers and complete their integration with the eShram portal by June 21, a move precursor to ensuring social security benefits.The directive follows rules formulated under the Code on Social Security last…

Read More

Profitability a concern as Zepto lines up IPO

BENGALURU: Quick commerce platform Zepto is pitching a high-volume model to public market investors as it prepares for its IPO, arguing that scale, density and advertising will eventually drive profitability.The company’s updated draft red herring prospectus (DRHP) shows a business growing rapidly on orders but still trailing market leader Blinkit on profitability.Zepto processed 210 million…

Read More

Adani Energy to acquire smart meter player for ₹3. 1k cr

NEW DELHI: Adani Energy Solutions (AESL) has inked a securities purchase agreement to acquire a 100% equity stake in IntelliSmart Infrastructure for Rs 3,050 crore. IntelliSmart Infrastructure is a leading smart metering JV between National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services (EESL).The proposed acquisition will strengthen AESL’s position as India’s largest smart…

Read More