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Swiggy, Zomato must learn to coexist with restaurants- The New Indian Express

Swiggy, Zomato must learn to coexist with restaurants   Two major developments have swung the pendulum away from food and restaurant services, in favour of the delivery aggregators. Share Via Email   |  A+A A- (L) Zomato logo and (R) Swiggy logo (Photos | PTI) It is indeed ironic that delivery vendors for food outlets and restaurants should be hauled up before the Competition Commission of India by the businesses they are supposed to be partnering and benefiting. But that is exactly what has happened. The National Restaurant Association of India has alleged a host of ‘monopolistic practices’ by online delivery chains Zomato and Swiggy and demanded that the fair trade regulator initiate a probe. Among the various ‘anti-competitive’ practices alleged include forcing restaurants to give deep discounts if they want to continue being listed. This is hurting normal physical footfalls in restaurants and making businesses unremunerative. Further, these food aggregators

Top headlines: NHAI debt at new high, bourses to pay for glitches and more

NHAI debt reaches new high of Rs 3.2 trillion; toll revenue dips 4% The National Highways Authority of India (NHAI) continues to accumulate debt at a fast clip. The highway agency’s debt reached a new high of Rs 3.17 trillion at the end of FY21, up 27 per cent from Rs 2.49 trillion at the end of March 2020. In comparison, the highway toll revenues are estimated to have declined by 4 per cent last financial year to around Rs 26,000 crore, according to an analysis by ICRA Ratings. Read more. Sebi announces new rules to make bourses pay for technical glitches The Securities and Exchange Board of India (Sebi) on Monday issued a detailed framework for penalising market infrastructure institutions (MIIs), which include stock exchanges, clearing corporations, and depositories, for technical glitches. “MIIs are systemically important institutions as they provide infrastructure necessary for the smooth and uninterrupted functioning of the securities market….For any downtime or unav

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