BUSINESS
Milk prices spiked in last six months: Report
Milk and milk products have seen an average YoY inflation of 6.5 per cent over the last 12 months, while this increases to 8.1 per cent if we look at just the last five months. Monthly momentum has been at 0.8 per cent over the last year, more than double the pre-pandemic five-year average of 0.3 per cent, while its contribution to.
Asia Pacific markets edge lower after UBS rescue of Credit Suisse
In Hong Kong, the Hang Seng Index tumbled 1.5 per cent at its opening, CNN reported. Japan's benchmark Nikkei index fell 0.7 per cent, while South Korea's Kospi was flat in morning trade. The S&P/ASX 200 in Australia slipped 0.8 per cent. On Sunday, Switzerland's biggest bank, UBS, agreed to buy Credit Suisse in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of two American banks earlier this month, CNN reported.
Online boom, or bane? Customer gripes also pile up against delivery boys
Prapthi posted a screenshot of the message on her Twitter handle while narrating her ordeal. "I'm sure that most women on here can relate to this. I got a grocery delivery from Swiggy Instamart on Tuesday night (June 14, 2022). The delivery guy sent me creepy messages on WhatsApp today (June 16, 2022). Not the first time, not the.
India's gig economy in a limbo as online food deliveries slow down
However, delivering hot and piping food at customers' doorsteps has become a nightmare for many of them as the food delivery business turns out to be a losing game while more and more delivery partners report unfair work conditions, pay disparity, and harassment. India is likely to see its gig workforce add 9-11 million jobs by 2025.
Food apps' defence: Physical, mental health of delivery partners our priority
Swiggy told IANS that it is enabling a consistent earning and upskilling opportunity for over 3,00,000 delivery executives across the country, apart from a healthy and safe work environment. This includes but is not limited to accident death cover, medical insurance, bereavement leave, mental wellness, and on-call doctor support.
Power consumption in April-Feb of 2022-23 crosses last fiscal's usage limit
According to power ministry data, power consumption rose by 10 per cent to 1,375.57 billion units (BU) during April-February period of 2022-23. Power consumption in April-February period of 2021-22 was 1,245.54 BU In 2021-22, total power consumption was 1,374.02 BU, which is much lesser than 1,375.57 BU of April-February.
UBS to buy Credit Suisse: Swiss govt
On Friday, the liquidity outflows and market volatility showed that it was no longer possible to restore the necessary confidence and that a swift and stabilising solution was absolutely necessary, the government was quoted by Xinhua news agency as saying.
First Citizens considering to buy collapsed SVB: Report
According to Bloomberg News, citing sources, at least one other suitor is making a serious consideration for the collapsed bank and that could be First Citizens. Although nothing could be confirmed at the moment. SVB and First Citizens did not immediately respond to the report. This will be the US FDIC's second attempt.
Tough week ahead for markets; US FED meeting holds the key
The BSESENSEX lost on three of the five trading sessions and gained on the remaining two. The losses were on the first three days of the week followed by recovery. BSESENSEX lost 1,145.23 points or 1.94 per cent while NIFTY lost 312.85 points or 1.80 per cent to close at 17,100.05 points. The broader indices saw.
FedEx soars maximum in 9 months under Raj Subramaniam: Report
The upswing came after the company boosted its profit outlook, signalling efforts to cut costs are helping counter a decline in package volume, a Bloomberg report said. Stating that its third-quarter profit topped Wall Street's expectations, FedEx revealed that adjusted earnings this fiscal year will be $14.60 to $15.20 a share.
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