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News on Medial
India Inc walks the extra mile to keep employees healthy
Economic Times
·
2y ago
Medial
Indian companies are prioritizing employee well-being by offering various health initiatives, including mental health support, fitness programs, and medical benefits. These efforts aim to ensure the physical and mental wellness of employees amid the ongoing pandemic. The corporate sector is going beyond traditional health benefits to create a holistic approach to employee care.
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Accepting over ₹2 lakh in cash? Financial advisor warns splitting payments won’t save you from full penalty
Business Today
·
4m ago
Medial
In 2024, the average attrition rate at India Inc showed a decline despite global uncertainties. This trend indicates that employees are prioritizing stability over exploring new growth opportunities during this period.
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NIIF-managed India-Japan Fund invests $48 mn in Mahindra's last mile mobility business
VCCircle
·
1y ago
Medial
The National Infrastructure and Investment Fund-managed India-Japan Fund has invested $48 million in Mahindra & Mahindra Ltd's last-mile mobility business. This investment gives the fund a minority stake of 6.06% to 8.25% in Mahindra Last Mile Mobility Ltd and values the company at up to ₹6,600 crore ($900 million). The fund aims to drive economic growth, employment, and environmental sustainability in the last-mile mobility sector. The India-Japan Fund joins the International Finance Corporation as an investor in Mahindra's last-mile mobility firm.
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Paid leave to WFH - India Inc nudges employees to vote
Livemint
·
1y ago
Medial
Indian companies are taking steps to ensure their employees are able to vote in the upcoming national elections. Many firms, including Tata Consultancy Services, Amazon, and KPMG, are offering employees holidays, remote work options, and other flexibilities to enable them to participate in the democratic exercise. Some companies are allowing employees to travel to their voting constituencies and work remotely for a few days. Additionally, companies such as HCL Technologies, Flipkart, and Panasonic India have announced leave policies and paid holidays for voting. This concerted effort by India Inc. aims to encourage maximum employee participation in the elections.
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Zomato appoints its 1st Chief Fitness Officer
Inshorts
·
2y ago
Medial
Zomato has named Anmol Gupta as its inaugural Chief Fitness Officer, responsible for guiding employees on their personal wellness and healthy lifestyle journey. Gupta, the Co-founder of fitness platform Endure, joins Zomato to encourage a positive approach towards fitness during work hours. Zomato CEO Deepinder Goyal emphasized the importance of supporting employees' fitness without any stigma or hesitation.
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Amazon launches programme for deliveries via electric vehicles in India
Economic Times
·
1y ago
Medial
E-commerce giant Amazon has initiated a last-mile fleet program in India, exclusively employing electric vehicles (EVs) for its delivery service providers. The program aims to offer more than 300 delivery service partners access to customized Mahindra Zor Grand three-wheeler EVs, specifically designed for last-mile deliveries. Amazon plans to gradually include all its last-mile vans in the program over the next two years, contributing to its target of having 10,000 EVs in its India fleet by 2025. This initiative supports Amazon's global environmental objective of achieving net-zero carbon by 2040.
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Ride-hailing platform Rapido venturing into food delivery
VCCircle
·
2m ago
Medial
Rapido, a ride-hailing platform, is entering the food delivery market with a new model, charging restaurants a fixed fee per order instead of a commission like competitors Swiggy and Zomato. This approach aims to keep menu prices consistent with in-store dining, avoiding inflated costs due to commission fees. Customers will pay a small delivery fee for orders below Rs 100, while orders above Rs 100 incur no extra charge. Rapido plans to introduce a restaurant subscription fee later.
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UP one of Amazon's fastest-growing markets: Company official
Economic Times
·
1y ago
Medial
Uttar Pradesh is a crucial and rapidly growing market for Amazon.in, with healthy double-digit growth in 2023 and continued momentum in 2024. The state has delivery coverage across all districts and serviceable pin codes. Uttar Pradesh is home to many Amazon customers and sellers, with more than 1.6 lakh sellers and significant contribution to the total demand. Last-mile connectivity challenges are addressed through concepts like "I have space," allowing small shops to become delivery hubs. During festive seasons like Holi and Diwali, sales have seen great success, with smaller towns contributing to over 80% of new customers and purchases.
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Google's rivals get day in court as momentous US antitrust trial begins
Economic Times
·
1y ago
Medial
The United States will argue Google didn't play by the rules in its efforts to dominate online search in a trial seen as a battle for the soul of the Internet. The US Justice Department is expected to detail how Google paid billions of dollars annually to device makers like Apple Inc., wireless companies like AT&T and browser makers like Mozilla to keep Google's search engine atop the leader board.
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'Being vegetarian in India feels like curse,' says Zomato user; flags 'veg mode' fee
Inshorts
·
6m ago
Medial
A Zomato user took to social media to share a screenshot showing Zomato charging ₹2 extra as "veg mode enablement fee". "Being a vegetarian in India these days feels like curse! Zomato's latest masterstroke—introducing an "extra charge" for the veg enablement fleet," he wrote. "Thanks, Zomato, for proving once again that being veg is now a luxury tax," he added.
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Gen Z, women employees lead a healthy change at India Inc
Economic Times
·
1m ago
Medial
India Inc is prioritizing employee health and well-being, driven by Gen Z and women employees. Companies like Deloitte and Vedanta are incorporating fitness tracking and annual health assessments into performance evaluations. Accenture and Intuit offer personalized wellness programs, while Myntra and Titan have created wellness spaces and fitness challenges. This shift reflects a growing trend among Indian employers to integrate well-being into human capital strategies, as noted by WTW’s 2024 Wellbeing Diagnostic Survey in India.
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