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Happy 75th Republic Day! To widen the use cases of central bank-backed digital currency (CBDC), the RBI is exploring tokenisation of government bonds and securities. This and more in todays ETtech Morning Dispatch. ....
Swiggy is planning an IPO later in 2024, and it is looking to reduce cash burn from its Instamart grocery unit so it can present the "best possible numbers" when it goes public. ....
The layoffs are expected to predominantly affect the tech teams and a section of the customer care department, specifically the call center operations. ....
Indian Food Service Industry: The organized food service market is growing faster than the unorganized segment and is projected to grow at a 15% CAGR during 2023-26. As a result, it is expected that the organized segment will surpass the unorganized segment, securing the majority share in the Indian food service market by 2025- 26. Pakhi Saxena, Retail CPG Head, Wazir Advisors said, "As the market continues to experience an influx of domestic players and attention from international businesses, the Indian foodservice landscape is set to witness intensified competition in the future." ....
These will be across teams spanning technology, call centre and corporate roles, and the job cuts are expected to initiate gradually in the coming weeks ....