The move follows a recommendation by the parliamentary standing committee on finance on acting against anti-competitive behaviour in digital markets to prevent the formation of monopolies. The panel had also suggested digital competition legislation to ensure a fair, transparent and contestable digital ecosystem in the country and identification of systemically important digital intermediaries (SIDIs).
The company’s operating revenue grew 42% year on year to Rs 2,062 crore, while net losses narrowed to Rs 392.1 crore in the third quarter.
Recently, the Ministry of Electronics and Information Technology came out with the draft rules which have provided much-needed clarity and legitimacy to the online skill gaming sector.
“We’re very excited about bringing on Mallika Srinivasan, Shailesh Haribhakti, and Sahil Barua to Swiggy’s board of directors,” said CEO Sriharsha Majety.
Digital financial services firm One97 Communications on Friday said it has narrowed its consolidated net loss to Rs 392 crore in the third quarter ended December 2022.
In his new role as venture partner at Matrix India, Chaudhary will be looking at early-stage investments for the fund, focussing on seed to Series A startups.
The hacking attack sought to exploit a software vulnerability, ACN director general Roberto Baldoni told Reuters, adding it was on a massive scale.