Swiggy Shares Today: Shares of Swiggy Ltd were in focus on Wednesday as the food delivery major unveiled a significant rejig of its portfolio to shore up liquidity. The company’s board approved the sale of its entire 11.8 per cent stake in cab-aggregator Rapido for a combined Rs 2,398 crore and also transferred its quick-commerce arm…
The Ministry of Road Transport and Highways (MoRTH) has revised the Motor Vehicles Aggregator Guidelines, allowing cab aggregators like Ola and Uber to charge up to twice the base fare during peak hours. This move, likely to affect daily commuters, increases the earlier fare cap of 1.5 times, giving ride-hailing services more flexibility in pricing…
Ride-hailing giant Rapido is all set to enter India’s food delivery landscape. This announcement has created a buzz across the industry, with many wondering how Rapido’s entry will impact the dominance of established players like Zomato and Swiggy. This service is expected to start in Bengaluru. Two listed companies – Zomato and Swiggy are already…