India’s industrial output growth remains unchanged at 4% in September

Manufacturing output expanded 4.8 per cent during September, while the electricity sector grew 3.1 per cent. In contrast, mining activity slipped 0.4 per cent during the period The Index of Industrial Production (IIP) growth stood at 4 per cent in September, unchanged from August, supported by growth in the manufacturing sector, according to data released…

Eternal, Swiggy: How Rapido’s food delivery entry may impact incumbents

Online food delivery by Zomato and Swiggy is a decade-old story, and now offers stable take rate, with 5 per cent adjusted Ebitda targeted in the  near-term.   Rapido’s entry into the food delivery space, cross-utilising its 40 lakh rider network to best-use idle slots, at virtually zero incremental capex, is seen as threat to…