- Swiggy has signed an agreement with Reliance BP Mobility Ltd. to build an electric vehicle ecosystem and battery-swapping stations for its delivery partners across India.
Swiggy has also partnered with e-cycle maker Hero Lectro and the UK’s Fast Despatch Logistics for delivery using cargo e-cycles. Trials for the same have started in Bengaluru, New Delhi and Hyderabad
Making deliveries through electric vehicles is expected to lower the running cost of vehicles by up to 40%, leading to higher earnings for delivery partners
In June, Zomato said it would join Climate Group’s global electric mobility initiative, EV100, and commit to 100% adoption of electric vehicles by 2030.
- Around 22 global investors and top Indian startups such as food-delivery app Swiggy and online tutoring firm Byju’s have requested Indian Prime Minister Narendra Modi to spur rules to allow companies to list overseas for better access to capital
Allowing direct overseas listing of Indian companies would be the “single most significant, big-bang reform” that would put them on the global map – according to the Indian startups
6th August, 2021 – One Liners
- The Supreme Court has upheld Amazon’s plea against the Rs 24,731-crore merger of Future Retail Ltd (FRL) with Reliance Retail.
- India’s financial-crime agency, Enforcement Directorate has warned Flipkart and its founders for alleged violation of foreign investment laws, could face $1.35 billion as penalty
- Axis Bank has crossed the milestone of over 1 million customers on its WhatsApp banking channel
- Prime Minister Narendra Modihas announced that Rajiv Gandhi Khel Ratna Award will be renamed as Major Dhyan Chand Khel Ratna Award.