Latest news with #Everyday
Mint
3 days ago
- Business
- Mint
Nestle India's on-roll employee count down 3.8% to 8,419 in FY2025 amid capex investment plans
Nestle India's total number of permanent employees dropped by 3.8 per cent as of the financial year ended 2024-25 amid the company's increased capital expenditure (capex) plans to invest money into new capabilities and capacities, reported the news agency PTI on Tuesday, 3 June 2025. The agency report highlighted that Nestle India's on-roll employees were at 8,419 in the 2024-25 fiscal year, compared to 8,736 employees in the same period a year ago. One of the biggest fast-moving consumer goods (FMCG) brands' increase in the median remuneration of employees was at 4.9 per cent in the 2024-25 fiscal, as per the news report. 'The median percentage increase made in the salaries of employees other than the managerial personnel was 5.2 per cent while the increase in the remuneration of managerial personnel was 3.5 per cent,' said Nestle India, cited by the news agency. The company appointed Manish Tiwary as the managing director for a five-year period effective 1 August 2025. Tiwary was paid a salary of nearly ₹ 3 crore for two months of service after his appointment as a key managerial personnel on 24 April 2025. 'During financial year 2024-25, Manish Tiwary was paid a remuneration of ₹ 29.94 million. Additionally, as per the terms agreed by the Board of Directors with Manish Tiwary, he was given a lump sum payout of ₹ 151.96 million, with applicable tax deducted at source, at the time of joining the company to compensate for his long-term incentives loss,' said the company, cited in the news report. Nestle India is one of the largest FMCG brands in India. Its popular daily consumable products include Maggi, Nescafe coffee, Everyday milk powder, and KitKat. The company reported more than ₹ 20,00 crore in sales for the financial year ended 2025, with an increased capex level from 1.8 per cent of the sales in FY2015, to 10 per cent of the sales in FY2025, according to the outgoing Chairman Suresh Narayanan, cited in the agency report from his shareholder's address. The company's total income was at ₹ 20,260.42 crore for the financial year ended 2024-25. 'As a consequence of robust growth, your company is investing in new capabilities and capacities, by increasing product lines in existing factories and setting up the Sanand factory in Gujarat, for confectionery, prepared dishes and cooking aids,' said Narayanan, according to a Mint report. In the financial year 2024-25, the company's CMD, Suresh Narayanan, was paid ₹ 23.47 crore, according to the agency report. Nestle India shares closed 0.73 per cent lower at ₹ 2,390.65 after Tuesday's stock market session, compared with ₹ 2,408.20 at the previous market close.
Time of India
23-05-2025
- Business
- Time of India
How Swiggy and Zomato are dealing with the slowdown in food delivery
The food delivery market in India, dominated by Zomato and Swiggy , is experiencing a slowdown. The rise of quick commerce and limited discretionary spending are among the reasons for the sluggish demand environment. In such a situation, both companies are undertaking measures to address the tepid demand in food delivery. Zomato Food delivery stayed in the slow lane for Zomato in the March quarter. Parent Eternal reported a steep 78% year-on-year (YoY) fall in net profit to Rs 39 crore, as losses from its quick commerce arm Blinkit continued to burden the bottomline. Food delivery, still Eternal's largest business grew slowly and CEO Deepinder Goyal attributed this to weak discretionary spends and the rising influence of quick commerce on both operations and demand. Zomato has taken multiple steps to address the slowdown: Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories No more quick: Eternal shut down its 15-minute food delivery service Quick and homely meals segment Everyday, as both services failed to muster enough demand. Current restaurant density and kitchen infrastructure are not conducive to 10-minute food delivery, which leads to inconsistent customer experience, Goyal said. Push for Bistro: The company will promote Blinkit's Bistro , which competes with the likes of Zepto Cafe. The service, which operates via in-house kitchens, is being expanded across Delhi-NCR, Bengaluru, and Mumbai. Bistro now runs more than 100 kitchens in these markets. Rain fee waiver ends: In a recent update, Zomato revealed a new 'rain fee' that will now apply even to its Gold subscription members. Previously exempt, these premium users will now face an extra charge for deliveries during inclement weather. Swiggy's strategy In the March quarter, Swiggy saw its net loss almost double to Rs 1,081 crore , due to the aggressive expansion of its quick commerce network, which added nearly four dark stores per day. The broader slowdown did not spare Swiggy , and saw its food delivery business grow 17.6% YoY in terms of GOV — the lower end of its 18-22% growth guidance. However, this was faster than Zomato's 16% on-year growth in GOV in the same segment. Here's what Swiggy is doing: Bolt expansion: Swiggy is focussing on its quick food delivery offering, Bolt, where it aggregates restaurants for 10-15-minute order fulfilment. It said that during the quarter, Bolt contributed 12% to the company's overall food delivery volumes. It has expanded to 500 cities. New products: Swiggy introduced a new feature called 'Drops' , offering customers access to exclusive, limited-edition dishes created by some of the country's leading chefs. This feature offers a dual benefit: For customers, it provides early access to experimental and innovative dishes; for Swiggy's restaurant partners, it serves as a platform to test new offerings and cultivate deeper customer loyalty. Swiggy also launched an exclusive discount programme for students, which allows them to subscribe to Swiggy One and One Lite programmes at a discounted rate.
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Business Standard
22-05-2025
- Business
- Business Standard
Zomato adds new charges for long-distance deliveries; restaurants unhappy
Popular food delivery app, Zomato has started charging a new 'long distance service fee' for food orders that are delivered more than 4 km away. According to a report by The Economic Times, the Gurugram-based company will now charge customers ₹15 for deliveries between 4 and 6 km if the order value is more than ₹150. For orders going beyond 6 km, the fee will be between ₹25 and ₹35, depending on the city. This fee applies no matter how much the customer spends. According to the report, Zomato told its restaurant partners that total service fees, including this new distance charge, will not cross 30 per cent, not counting other costs. But some restaurants say that their total commission fees could actually go as high as 45 per cent. 'There are changes to the commission terms every few months and it is frustrating to do business this way without any clarity on commission structures. Several restaurants are in touch with each other to formally raise a complaint with Zomato over this and are contemplating going off the platform for a day in protest,' one restaurateur told T he Economic Times. In addition to the new delivery fee, Zomato has also asked some restaurants to sign new agreements reflecting a name change of its parent company to 'Eternal'. According to the report, Zomato insiders say the new fee is part of a bigger plan. The company recently started showing ratings based on how far food travels. 'This decision has to be seen in conjunction with the distance-based ratings system. Data shows that user experience deteriorates as delivery distance increases,' a Zomato executive told The Economic Times. That ratings system, which started last year, had already received criticism from some restaurant owners. Before Covid-19, free delivery was allowed within a 4–5 km range. After the pandemic, as many restaurants closed, that limit was extended to 15 km. The National Restaurants Association of India (NRAI) has contacted Zomato to share concerns. 'A detailed discussion on the issue will happen later this week,' said an NRAI spokesperson. Zomato's changes come as the food delivery market is slowing down. Both Zomato and rival Swiggy have seen year-on-year growth fall below 20 per cent in the last two quarters. Food delivery remains Zomato's biggest business. It reported ₹9,778 crore in gross order value for the quarter ending in March — up 16 per cent from last year but slightly lower than the previous quarter. Zomato also recently shut down its 10-minute delivery services like Quick and Everyday.
Business Standard
20-05-2025
- Business
- Business Standard
YES SKINCARE Launches Its E-Commerce Platform With Five Essential Skincare Products - A Bold Step Towards Simplified, Science-Backed Skin Wellness
PRNewswire Surat (Gujarat) [India], May 20: In an exciting development in the Indian skincare industry, TLL Elements Pvt. Ltd a subsidiary of Trident Lifeline Ltd. proudly announces the launch of its direct-to-consumer (D2C) skincare brand, YES SKINCARE, now available at Spearheaded by Miloni Mehta and supported by Smit Lapsiwala & Digpal Jagani, YES SKINCARE emerges as a clean, effective, and purposeful skincare brand -- designed for the modern Indian consumer who values both science and self-care. At the heart of the brand lies a powerful philosophy: YES stands for 'Your Everyday Skin'. It represents an invitation to say YES to mindful beauty, YES to consistency over complexity, and YES to products that truly work for one's everyday skin. A Digital-First Skincare Journey Begins With the launch of its e-commerce platform, YES SKINCARE takes its first step into the digital skincare space. The website -- -- offers a seamless user experience, allowing customers to explore, understand, and purchase products tailored for Indian skin types and lifestyles. The platform is designed to educate and empower users, making skincare less intimidating and more intuitive. "Our goal was to simplify skincare with products that are honest, effective, and easy to use. YES SKINCARE is a response to the clutter and confusion in the beauty market," says Miloni Mehta, Director of TLL Elements Pvt. Ltd. "This brand is for people with real skin issues -- Your Everyday Skin -- and we're thrilled to begin this journey with a direct connection to our consumers through our own e-commerce platform." Launching with 5 Everyday Essentials -- Powered by Performance, Grounded in Simplicity YES SKINCARE makes its debut with five thoughtfully formulated products designed to simplify one's skincare routine without compromising results. Each product is powered by high-performance ingredients, tailored to modern skin needs, and rooted in the belief: Skincare should feel as good as it works. 1. Face Cardio Cleanser A sulphate-free, gentle foaming cleanser that energizes one's skin while effectively removing dirt, oil, and buildup -- all without stripping the natural barrier. Think of it as the skin's morning workout: fresh, clean, and ready to glow. 2. Daily Drenching Moisturizer This lightweight, non-greasy moisturizer floods one's skin with hydration while improving tone and texture. With skin-loving actives and a breathable finish, it's a daily dose of dewy resilience. 3. You Are B-Right Vitamin C Serum Say goodbye to dullness with this brightening powerhouse. Featuring a stabilized form of Vitamin C, this serum helps fade dark spots, energize tired skin, and restore clarity -- revealing one's brightest skin yet. 4. Glow Bank All-in-One Serum Your skin's daily deposit of glow. Packed with multitasking actives, this all-in-one serum targets uneven tone, refines texture, and boosts radiance -- streamlining one's skincare without cutting corners. 5. In The Shade Sunscreen A lightweight, SPF PA++++ that melts into the skin without a white cast or greasy residue. With added antioxidants and hydration, it protects, nourishes, and blends seamlessly into every skin tone and routine. All YES SKINCARE formulas are dermatologically tested, cruelty-free, and consciously created to be gentle on skin and kind to the planet. This skincare range is made simple -- and powerful -- for Your Everyday Skin. Rooted with Ethics, Backed by Science YES SKINCARE is more than just a skincare brand -- it's a wellness-led initiative to normalize real skin, promote daily skincare discipline, and bridge the gap between clinical care and everyday use. It combines simplicity, safety, and science in every formulation, offering transparency and trust in a cluttered market. Whether one is just starting their skincare journey or looking to upgrade their routine with dependable staples, YES SKINCARE is a brand that says YES to skin confidence, YES to clean formulations, and YES to one's everyday skin.
Yahoo
20-05-2025
- Business
- Yahoo
YES SKINCARE LAUNCHES ITS E-COMMERCE PLATFORM WITH FIVE ESSENTIAL SKINCARE PRODUCTS - A BOLD STEP TOWARDS SIMPLIFIED, SCIENCE-BACKED SKIN WELLNESS
SURAT, India, May 20, 2025 /PRNewswire/ -- In an exciting development in the Indian skincare industry, TLL Elements Pvt. Ltd a subsidiary of Trident Lifeline Ltd. proudly announces the launch of its direct-to-consumer (D2C) skincare brand, YES SKINCARE, now available at Spearheaded by Miloni Mehta and supported by Smit Lapsiwala & Digpal Jagani, YES SKINCARE emerges as a clean, effective, and purposeful skincare brand — designed for the modern Indian consumer who values both science and self-care. At the heart of the brand lies a powerful philosophy: YES stands for 'Your Everyday Skin'. It represents an invitation to say YES to mindful beauty, YES to consistency over complexity, and YES to products that truly work for one's everyday skin. A Digital-First Skincare Journey Begins With the launch of its e-commerce platform, YES SKINCARE takes its first step into the digital skincare space. The website — — offers a seamless user experience, allowing customers to explore, understand, and purchase products tailored for Indian skin types and lifestyles. The platform is designed to educate and empower users, making skincare less intimidating and more intuitive. "Our goal was to simplify skincare with products that are honest, effective, and easy to use. YES SKINCARE is a response to the clutter and confusion in the beauty market," says Miloni Mehta, Director of TLL Elements Pvt. Ltd. "This brand is for people with real skin issues — Your Everyday Skin — and we're thrilled to begin this journey with a direct connection to our consumers through our own e-commerce platform." Launching with 5 Everyday Essentials — Powered by Performance, Grounded in Simplicity YES SKINCARE makes its debut with five thoughtfully formulated products designed to simplify one's skincare routine without compromising results. Each product is powered by high-performance ingredients, tailored to modern skin needs, and rooted in the belief: Skincare should feel as good as it works. 1. Face Cardio Cleanser A sulphate-free, gentle foaming cleanser that energizes one's skin while effectively removing dirt, oil, and buildup — all without stripping the natural barrier. Think of it as the skin's morning workout: fresh, clean, and ready to glow. 2. Daily Drenching Moisturizer This lightweight, non-greasy moisturizer floods one's skin with hydration while improving tone and texture. With skin-loving actives and a breathable finish, it's a daily dose of dewy resilience. 3. You Are B-Right Vitamin C Serum Say goodbye to dullness with this brightening powerhouse. Featuring a stabilized form of Vitamin C, this serum helps fade dark spots, energize tired skin, and restore clarity — revealing one's brightest skin yet. 4. Glow Bank All-in-One Serum Your skin's daily deposit of glow. Packed with multitasking actives, this all-in-one serum targets uneven tone, refines texture, and boosts radiance — streamlining one's skincare without cutting corners. 5. In The Shade Sunscreen A lightweight, SPF PA++++ that melts into the skin without a white cast or greasy residue. With added antioxidants and hydration, it protects, nourishes, and blends seamlessly into every skin tone and routine. All YES SKINCARE formulas are dermatologically tested, cruelty-free, and consciously created to be gentle on skin and kind to the planet. This skincare range is made simple — and powerful — for Your Everyday Skin. Rooted with Ethics, Backed by Science YES SKINCARE is more than just a skincare brand — it's a wellness-led initiative to normalize real skin, promote daily skincare discipline, and bridge the gap between clinical care and everyday use. It combines simplicity, safety, and science in every formulation, offering transparency and trust in a cluttered market. Whether one is just starting their skincare journey or looking to upgrade their routine with dependable staples, YES SKINCARE is a brand that says YES to skin confidence, YES to clean formulations, and YES to one's everyday skin. Explore the full range exclusively at: Follow the journey on Instagram: Follow the journey on Facebook: the full line up on Linkedin: Come glow with us at: For press inquiries, interviews, samples, or collaborations, please contact: Email: info@ Photo: View original content to download multimedia:
