Swiggy on November 20 said it has set up over 1,000 cloud kitchens for its restaurant partners and plans to have more such facilities in 12 new cities by March next year.In a span of just two years, the company has invested in over a million square feet of real estate space across 14 cities to help large, medium and small restaurant partners expand to more locations both within their city and across new cities through cloud kitchens, Swiggy said in a statement."Swiggy has always maintained that cloud kitchens will be the future of food delivery. Very soon, India will have the second-highest number of cloud kitchens in the world, only next to China," Swiggy New Supply CEO Vishal Bhatia said.Close The milestone of Swiggy successfully creating over 1,000 partner kitchens shows the faith the restaurant partners have in the concept and bolsters company's pioneering efforts in enabling more success stories in the restaurant ecosystem, he added. related news Zydus Cadila gets USFDA … [Read more...] about Swiggy set up 1,000 cloud kitchens; to expand it in 12 new cities by March 2020
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Facebook has launched a new app, and this time it is related to memes. The social networking giant has released a new meme-creation app called Whale. The app allows users to edit photos with text and stickers in order to create memes that can be shared on social media or forward to their contacts.The Whale app is currently available only in the Canadian App Store for iPhones. Facebook’s New Product Experiment (NPE) team is the brains behind the development of this app, first spotted by intelligence firm Apptopia and reported by The Information. As mentioned earlier, Whale lets users personalise a meme by adding stickers or text to an image and share it over social media or messenger.Users can browse through the stock library photos, click a photo in real-time or choose one from the camera roll. The app also allows users to create their custom image stickers using the crop and cut tools.Close The app also features a blank canvas and up to four-grid layouts. Other tools … [Read more...] about Facebook’s new Whale app lets iPhone users create memes for free
Great Eastern Shipping Company share price gained 3 percent intraday on November 21 after the company announced the closure of buyback of shares.The buyback committee of company announced the closure of its buyback on November 20, prior to the expiry of six months from the commencement date.The company has bought back 38,10,581 equity shares at an average market price of Rs 261.60 per equity share.Close The company has contracted to sell its 2000 built Suezmax Crude Carrier Jag Lakshita of about 147,092 dwt. related news D-Street Buzz: Oil & gas stocks fall led by BPCL; L&T gains, UCO Bank zooms 16% Reliance Capital share price locked at lower circuit after assets sale restriction The vessel will be delivered to the new buyer in Q3 FY 2019-20.Including Jag Lakshita, the company's current fleet stands at 47 vessels, comprising 34 tankers, and 13 dry bulk carriers with an average of 11.98 years aggregating 3.85 mn dwt.At 09:45 hrs Great Eastern Shipping Company was … [Read more...] about GE Shipping share price gains 3% on closure of buyback
The recent sharp rally in paper stocks following the government's pledge to eliminate single-use plastic has made investors sit up and take note.Many are of the opinion that the government’s shun-plastic push has brightened the prospects of paper companies. But, analysts and industry watchers are less convinced with this rally.The government has pledged to eliminate single-use plastic by 2022. As per reports, a nationwide ban on single-use plastic, including bags, cups and straws, could come as early as on October 2, the 150th birth anniversary of Mahatma Gandhi.Close Since August 15, when Prime Minister Narendra Modi urged citizens to give up single-use plastic by October 2, 20 paper stocks have surged over 10 percent as of September 11 on BSE. related news Sensex at record high but midcaps likely to generate wealth; 20 stocks to bet on Technical View: Nifty forms Doji pattern, record high likely if index closes above 12K Sensex hits a new high, 4 factors that could … [Read more...] about 20 paper stocks up 10% since Aug 15. Will it hold?
Life insurance and asset management companies (AMC) are likely to be high-growth businesses due to the financialization theme that is playing out, Rusmik Oza, Head of Fundamental Research, Kotak Securities, says in an interview to Moneycontrol’s Kshitij Anand.Edited excerpts:Close Q) What is your assessment of the September quarter earnings? If you had to describe them in one word, what would that be? What were the highlights?Rusmik OzaHead of Fundamental Research|Kotak Securities 'Corporate tax cut will boost earnings by 15-20%; HDFC Bank, ONGC, M&M among 20 cos to benefit the most'Cement, oil & gas among 3 sectors likely to outperform; here’s why'Nifty unlikely to test 12,000; expect the slump in earnings to continue in Sept quarter'A) If one has to summarise the September quarter results in one word, it would be ‘Decent’. Further, if it needs to be summarised in a sentence, it would be ‘Optically healthy on earnings, due to corporate … [Read more...] about Don’t miss! Stocks from life insurance and AMC likely to be included in Sensex & Nifty