Featured Latest News

Swiggy Shares Pare Gains Ahead of MSCI Index Exit

By Uniquetimesorg September 4, 2026 0

Swiggy shares ended 2.5% higher on Friday after giving up much of their earlier gains, as investors prepared for the food delivery company’s removal from MSCI indexes. The stock had climbed as much as 5.61% during the session before index-tracking funds adjusted their portfolios near the market close. Swiggy was estimated to face around $360 […]Continue Reading

Featured Latest News

Zomato to Cut 250 Jobs, Shut Hyderabad Customer Support Centre

By Uniquetimesorg August 31, 2026 0

Zomato is set to lay off around 250 employees as it shuts its customer support centre in Hyderabad. The food delivery company, owned by Eternal, is consolidating its in-house customer support operations at its Gurugram headquarters rather than ending the function altogether. The workforce reduction is reportedly part of a restructuring of Zomato’s customer support […]Continue Reading

Featured Latest News

Swiggy Shareholders Approve Indian-Owned Status Move

By Uniquetimesorg August 18, 2026 0

Swiggy said on Tuesday that shareholders have approved a proposal to cap aggregate foreign ownership at 49.5%, clearing a key hurdle for the food and grocery delivery company to qualify as an Indian-owned and controlled company (IOCC). The move could allow Swiggy’s quick-commerce business, Instamart, to shift from a marketplace model to an inventory-ownership model, […]Continue Reading

Featured Latest News

Swiggy Sets ₹100 Billion Earnings Goal by FY31

By Uniquetimesorg August 6, 2026 0

Swiggy has announced an ambitious target of achieving ₹100 billion ($1.05 billion) in core earnings (EBITDA) by fiscal 2031. The company expects this growth to be driven by the continued expansion of its food delivery business and its quick-commerce platform, Instamart. The company projects Instamart’s gross order value (GOV) to increase four to five times, […]Continue Reading

Featured Latest News

Eternal Misses Profit Estimates Despite Strong Revenue Growth

By Uniquetimesorg July 22, 2026 0

Eternal, the parent company of Zomato and Blinkit, reported a nearly four-fold increase in its first-quarter net profit to ₹920 million. However, the earnings fell short of analysts’ expectations as intense competition and continued investments in its quick-commerce business, Blinkit, put pressure on profit margins. The company said competition in the quick-commerce Continue Reading

Featured Latest News

Swiggy Clarifies FSSAI Order on Toing, Says Issue Was Licence-Related

By Uniquetimesorg July 10, 2026 0

Swiggy has clarified that the Food Safety and Standards Authority of India (FSSAI) prohibition order concerning its budget food delivery platform, Toing, was related only to updating licence particulars and did not involve any food safety violations. The company said it addressed the observations and received a modified FSSAI licence on July 9. The company […]Continue Reading

Featured Latest news

Jubilant FoodWorks Profit Jumps on Strong Domino’s Demand and Store Expansion

By Uniquetimesorg May 20, 2026 0

Jubilant FoodWorks reported a sharp 66.2% rise in fourth-quarter profit, driven by strong demand for Domino’s Pizza and continued store expansion across India. The company, which also operates Popeyes outlets in the country, posted a profit of 797.9 million rupees for the quarter ended March 31, compared to 480 million rupees a year earlier. Revenue […]Continue Reading

Featured Latest news

Swiggy Q4 Loss Narrows as Food Delivery Sees Strongest Growth in Years

By Uniquetimesorg May 9, 2026 0

India’s food and grocery delivery platform Swiggy reported a narrower fourth-quarter loss, helped by strong growth in its core food delivery business. The company said rising orders, expanding user numbers, and affordable offerings such as “99-Store” and restaurant marketplace “Toing” boosted demand. CEO Sriharsha Majety noted that the food delivery segment delivered its Continue Reading

Featured Latest News

Zomato Owner Beats Profit Estimates on Delivery, Quick-Commerce Growth

By Uniquetimesorg April 29, 2026 0

India’s Zomato parent, Eternal, reported stronger-than-expected quarterly profit, driven by steady demand in its core food delivery segment and rapid expansion in quick commerce. Budget-friendly meals and improved cost controls helped boost performance, while net order value in the food delivery business rose 18.8% year-on-year, marking a third consecutive quarter of Continue Reading

Featured Latest News

Swiggy Raises Platform Fee to ₹17.58 as Competition with Zomato Intensifies

By Uniquetimesorg March 24, 2026 0

Food delivery platform Swiggy has increased its platform fee to ₹17.58 per order, inclusive of GST, marking a 17.27 per cent rise from the earlier ₹14.99. The move comes shortly after rival Zomato also raised its effective platform fee to the same level, with a base charge of ₹14.90 plus ₹2.68 GST. This is the […]Continue Reading