Ride-hailing giants Ola and Uber, along with logistics company Porter, offer poor working conditions for gig workers, according to a report released on Tuesday. The report by Bengaluru-based Fairwork India highlights the concerning labor standards within India’s platform economy, stressing the urgent need for improvements in the working conditions of gig workers. The report reveals that many drivers are trapped ...
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Swiggy Increases IPO Size to $1.4 Billion, Plans to Expand ‘Instamart’
In a significant development in India’s burgeoning IPO market, SoftBank-backed food delivery giant, Swiggy, has received approval from its shareholders to increase the size of its fresh issue in its upcoming IPO. The approval will allow the company to raise the fresh issue size to 50 billion rupees ($595 million), a substantial increase from the previously planned 37.5 billion rupees. This ...
Read More »Moonlighting: Wipro cracks whip, fires 300 employees found working with rival companies
Following uproar among IT companies on many workers indulging in moonlighting, Wipro had warned against it and now took stern action firing 300 employees for moonlighting with its key rivals at the same time. Wipro Chairman Rishad Premji said in Wednesday that the “reality is that there are people today working for Wipro and working directly for one of our ...
Read More »What’s Moonlighting? Infosys bans, IBM warns, Wipro cracks whip
As the issue of moonlighting or working elsewhere to make extra money in India is plaguing many tech giants after the Work From Home concession that entailed tech employees work remotely, several Indian tech giants are facing the challenge to keep their workforce committed and focused. The ethical issue has been raised by tech services giant Infosys first, followed by ...
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