Dunzo, dunzo salary delay

The startup had previously deferred the June and July salaries of over 50 per cent of its workforce of 1,000 to the first week of September

Dunzo

Dunzo, a quick commerce startup backed by Reliance and Google, had earlier told its employees that their June and July salaries would be paid in September

Dunzo's salary deferrals come even as the firm raised $75 million in funding through convertible notes in April this year, indicating its high cash burn rate

Quick commerce firm will provide merchants customer and last-mile logistics delivery support for joining network

Quick-commerce player Dunzo is struggling not only with financial losses but also with keeping its operations afloat

Reliance Retail picked up 25.8% of Dunzo's shares back in January 2022 after investing $240 million into the startup

Sources say this may trigger a fresh round of job cuts

Layoffs, Jobs, Unemployment

New-age companies like Byju's, Unacademy, social media firm ShareChat, MyGate, and automobile-servicing startup GoMechanic were among the leading names that fired employees in large numbers

Google-backed Dunzo launches instant grocery delivery service in Mumbai

In less than a year, 'Dunzo Daily' is growing at a rate of more than 100 per cent month on month and is expected to fulfill more than 200,000 orders per day by June 2022

In a chat with Business Standard's Surajeet Das Gupta, quick commerce player Dunzo's CEO Kabeer Biswas tells about strategic partnership with Reliance Retail and long-term expansion plan. Listen in

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Flipkart is followed by Urban Company, Asia's largest home services marketplace and Tata-owned online grocer BigBasket.

The app has lured people with its rapid delivery of items ranging from groceries to parcels in cities

The state of the Indian consumer has been the subject of attention of a number of agencies in recent weeks

Team dunzo

A to-do list app for your daily chores, reports Shameen Alauddin

Adani Group on Thursday bagged two contracts worth Rs 13,888 crore from a state-owned discom to install smart meters.
A total of six tenders were awarded by the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to install smart meters, of which two have been bagged by the Adani Group, according to an official communiqu from the discom seen by PTI.
The diversified group, which has a sizeable presence in the power sector and had recently won a Rs 1,000 crore contract to install smart meters in the area serviced by BEST Undertaking in Mumbai, will act as an advanced metering infrastructure service provider for smart prepaid metering in MSEDCL, it said.
The two zones awarded to Adani include Bhandup, Kalyan and Konkan having 63.44 lakh meters, and Baramati and Pune having 52.45 lakh meters, it said.
Letter of Awards have been issued to the successful firms, as per the communiqu.
Officials from Adani Group were not immediately available for comment.
The group's transmiss

Adani, Adani Group

India's addition to a major global gauge will give global investors greater access to the world's fastest-growing large economy that offers some of the highest returns in the region

JPMorgan Chase & Co

Adani group won the Dharavi rebuilding project in July by bidding $610 million for the project

Dharavi Redevelopment Project

Air India flew and LIC moved, but a big-bang PSU stake sale programme has proved to be elusive so far

Nirmala Sitharaman,

While both Tesla and the Indian government remain keen on the proposal, and New Delhi continues to review it, it is not certain if the plan will be realised, said the first source

Tesla, elon Musk

The government on Tuesday listed the women's reservation bill in the Lok Sabha to provide one-third reservation to women in the Lower House of Parliament, state assemblies and the Delhi legislative assembly.
The Constitution (One Hundred and Twenty Eighth Amendment) Bill, 2023, was listed for introduction in the Lower House through a supplementary list of business.
This will be the first bill to be introduced in the new Parliament building.
The government said the women's reservation bill is aimed at enabling greater participation of women in policy-making at the state and national levels.
The statement of purpose of the bill said the role of women is extremely important for achieving the goal of making India a developed country by 2047.
The reservation will come into effect after a delimitation exercise is undertaken and will continue for 15 years. Seats reserved for women will be rotated after each delimitation exercise, according to the bill.

Prime Minister Narendra Modi addressing Lok Sabha from new Parliament.

Narendra Modi

The idol is situated at the Gaud Saraswat Brahmin (GSB) Seva Mandal in Matunga, Mumbai and is said to be worth over Rs 300 crore, and made of Panchdhatu, a combination of five precious metals

Ganesha idol shimmers with 69 kg gold and 336 kg silver ornaments in Mumbai

As Lok Sabha convened in the new Parliament building for the first time, Prime Minister Narendra Modi on Tuesday called on MPs to forget all past bitterness and start a new chapter, asserting that whatever they are going to do in the new complex, should be an inspiration for every citizen in the country.
As Lok Sabha proceedings chaired by Speaker Om Birla began in the new building, Modi delivered his maiden speech in the new Lok Sabha chamber as the Leader of the House.
The prime minister said the new Parliament building reflects the aspirations of 140 crore Indians.
"When we are starting a new chapter, we should forget all past bitterness," he said.
"Whatever we are going to do in this new Parliament building, it should be an inspiration to every citizen in the country," he said.
The prime minister also remembered 'shramjeevis' (labourers) who were part of the construction of the new Parliament building.
Parliament, he said, is a supreme place to serve the nation.
Parliament i

PM Modi

Executives said that the deal will be formalised and announced by the end of next quarter

Burger King

Making his first speech in the new building of Parliament, the Prime Minister said the government has decided to bring Nari Shakti Vandan Adhiniyam

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

The fiscal burden of states will increase over time

pensions, funds, retirement, investments, investors, savings

The government introduced the Women's Reservation Bill in the Parliament almost three decades after it was first drafted

Parliament

Former RBI Governor Bimal Jalan said it is better if the person's expertise is considered than whether he/she is a bureaucrat or a private sector executive

TRAI

Filmmakers will have to invest in understanding the changing tastes of moviegoers, in multiplexes and single screens, in order to improve their chances of success

Cinema hall, Kashmir, South Kashmir

The ruling Trinamool Congress on Friday hailed a Calcutta High Court judgement granting relief to party leader Abhishek Banerjee, by ruling against coercive action by the Enforcement Directorate while conducting its probe into the state's school jobs scam.
Opposition Congress and ruling CPI(M) reserved comments on Calcutta High Court's order about TMC leader Abhishek Banerjee but the TMC hailed the judgements.
TMC spokesperson Kunal Ghosh said, "The judgement shows the central agencies have been hounding and harassing Banerjee, as he is one of the key forces behind the battle against BJP's communal and hatred-filled brand of politics."
"The court has restrained ED from harassing Abhishek further. He is helping in the probe and we know he will continue to assist the investigators. We all know real truth will come out," Ghosh said, adding TMC believes law will take its own course.
Congress leader Adhir Choudhury told reporters Banerjee's trial continues and till he is acquitted by th

TMC MP Abhishek Banerjee

The Supreme Court on Friday sought responses from the Tamil Nadu government and its minister Udhayanidhi Stalin on a plea seeking an FIR against him for his "eradicate Sanatan Dharma" remark.
A bench of Justices Aniruddha Bose and Bela M Trivedi issued notices on a plea filed by B Jagannath seeking an FIR against the Tamil Nadu minister on grounds that the remarks are akin to hate speech and that the top court had in similar matters passed several directions, including registration of FIR.
Senior advocate Dama Seshadri Naidu, appearing for the petitioner, submitted that the minister allegedly asked school students to say that this religion is not good and that the other religion is good.
"This court has taken note of similar matters where individuals make such a statement against another's faith but in this case it is a minister making the statement. Here it is a state, which is telling the school students that so and so religion is wrong," Naidu said.
The bench asked Naidu what wa

Udhayanidhi Stalin

The Manipur government on Friday told the Supreme Court that it has filed a status report on the issue of recovery of arms from "all sources" in the ethnic violence-hit state.
Solicitor General Tushar Mehta told a bench headed by Chief Justice D Y Chandrachud that the report has been filed on the issue and it is for the judges only.
He informed the bench, also comprising Justices J B Pardiwala and Manoj Misra, about another short affidavit in the matter.
Mehta told the bench that the affidavit says "whatever issues are being debated here are already been brought to the notice of the (apex court-appointed) committee" and the panel is considering them.
The top court had earlier appointed a judges committee, headed by Justice (retd) Gita Mittal, to oversee relief and rehabilitation of victims of ethnic violence in the state.
Advocate Vrinda Grover, appearing for the petitioners' side, told the bench that bodies of two women, who were gang-raped and killed in May in Manipur, have not 

Supreme Court, Manipur violence

"The Nari Shakti Vandan Adhiniyam is not an ordinary law; this is a proclamation of the New India's democratic commitment. This is an evidence of the Modi's guarantee of women-led development" he said

A court here on Friday extended the judicial remand of TDP chief N Chandrababu Naidu in the case pertaining to AP Skill Development Corporation scam till September 24.
Additional Advocate General Ponnavolu Sudhakar Reddy told PTI that the special court for Anti-Corruption Bureau here extended the former Chief Minister's remand by two days.
Meanwhile, the High Court has scheduled the hearing on the FIR quash petition filed by Naidu at 1:30 pm today.
Chandrababu Naidu was arrested on September 9, for allegedly misappropriating funds from the Skill Development Corporation, leading to an alleged loss of over Rs 300 crore to the state exchequer.
He is currently lodged in the Rajamahendravaram central prison.

Telugu Desam Party (TDP) President N Chandrababu Naidu

Heatmap

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Google-backed task fulfillment start-up dunzo runs errands to make money