Abhishek Bose, CEO, My Menu, explains, “QR Menu has now become our primary product, as restauranteurs are looking at contactless solutions to maintain hygiene.” He further adds, “This, accompanied by ordering and payments has led to a surge in our business. At present, we have over 1000+ restaurants across various brands as registered users. The restauranteurs have understood that the primary way to survive the economic impact of the pandemic is to transition to these solutions.” … [Read more...] about How new verticals in home-delivery and takeaway space are helping restaurants tide over COVID crisis
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However, the task is easier said than done. LIC being an insurer will also have to cross regulatory hurdles to pick up a majority stake in a bank. While LIC is a stakeholder in various banks, they are all minority holdings. As a new promoter, LIC is unlikely to add significant value to the management. Hence, while this is a better solution than a complete offer for sale by the government, it is still sub-optimal compared to a complete privatisation. … [Read more...] about Is a possible stake sale to LIC the best solution to IDBI’s problems?