Latest news with #Razorpay
Economic Times
3 days ago
- Health
- Economic Times
Corporate cafeterias' menus undergo a healthy makeover
A health revolution is silently sweeping India Inc cafeterias as employees become more health conscious spurred by a rising trend of early lifestyle-related diseases. Protein-rich meals, diabetic-friendly/low-GI food, vegan or gluten-free alternatives, homestyle food with less oil and spices, and even 'recovery-focused plates' for fitness buffs are gaining currency. Companies such as Capgemini, Hindustan Unilever, Larsen & Toubro, Accenture, Razorpay, and Myntra say they have initiated steps to promote healthy eating, food literacy, and conscious choices at their workplaces, viewing meals as a strategic input to drive energy, mood, and performance. Corporates are opting for meals with less processed sugar and saturated fat, better hydration options, and those that are nutrient-dense and energising. Some are even setting up employee wellness counters, say food service providers like Compass Group and Rassense. 'There's been a significant rise in clients prioritising healthier food choices. Over 40% of our clients have requested health-centric menu transformations,' said chef Arjyo Banerjee, chief culinary officer at Compass Group India. 'These are built on the belief that small nutritional changes at work can boost employee productivity, improve energy levels, and reduce absenteeism.'Compass Group introduced healthier grain swaps like millets and brown rice; fermented items like kombucha and raita to aid gut health; functional foods such as lemon-infused buttermilk and sprouts, and wellness-led counters. Calorie Information Desserts are whipped up with jaggery, dates, and fruits, while favourites like biryanis, dosas, and pulao are reimagined with millets and quinoa. Technology, banking, financial services, and insurance (BFSI), Global Capability Centres (GCCs), pharmaceuticals, education and consulting — featuring younger, more healthconscious workforces, and largely sedentary job roles — are leading the change. So, one can find calorie information on the food ordering app at Capgemini — it also hosts mindful eating sessions. At Razorpay, Manipal Hospitals' nutritionists and dieticians curate weekly food plans; HUL offers calorielabelled, portion-controlled dishes and personalised dietary counselling. Accenture's Purple Corridors programme promotes wellbeing as a collective responsibility at a team level, while even legacy companies like L&T opened diet-food counters at key office health-related concerns among employees are fuelling the shift. At L&T, annual health checkup data revealed a spike in lifestyle-related conditions such as high cholesterol, obesity, and diabetes. To counter this, the engineering and construction conglomerate adopted a holistic, preventive healthcare approach — with nutritious food access playing a critical role, said Dr Divyang Shah, headmedical services & community health centres at L& recent months, cafeteria menus have been enhanced to offer balanced meals prepared with minimal oil — with guidance from internal and external nutrition experts. HUL, through its 'Healthier U' programme, developed in collaboration with the Workforce Nutrition Alliance, rolled out several initiatives to promote balanced eating. These include reducing salt, sugar, and oil intake, and adding local nutrient-dense superfoods. 'Our food courts carry visual nutrition guides and educational signage to encourage informed food choices,' said a HUL spokesperson. These efforts are enhancing employee physical health, evidenced by reported improvements in blood sugar levels, weight management, and hypertension control, according to HUL.'We believe that employee well-being begins with everyday choices—starting with what's on our plates,' noted Vijay Chandramohan, head of corporate real estate services (CRES)-India and APAC at Capgemini. 'By introducing calorie labelling, expanding healthy food options, and offering expert-led sessions on mindful eating, we're empowering people to make informed decisions. This reflects our commitment to a workplace culture rooted in health, awareness, and long-term well-being.' Across companies, employee feedback is playing a key role in shaping food offerings. Razorpay, for instance, has a dedicated food feedback channel on messaging company Slack where employees share suggestions and preferences. These are reviewed by teams and shared with food vendors for implementation wherever feasible.'Several enhancements to our menu have come from employee feedback. For instance, the introduction of healthier evening snacks and add-ons like salads and beans resulted from suggestions raised during town halls and focus group discussions,' said Chitbhanu Nagri, senior vice-president -people operations, online fashion and lifestyle retailer Myntra, the cafeteria offers varied healthy options — from detox water and fresh juices like tulsi-lime and kokum, to salads and seasonal fruits — and continues to evolve based on employee preferences, said Govindraj MK, CHRO.
Time of India
3 days ago
- Health
- Time of India
Corporate cafeterias' menus undergo a healthy makeover
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads A health revolution is silently sweeping India Inc cafeterias as employees become more health conscious spurred by a rising trend of early lifestyle-related diseases . Protein-rich meals, diabetic-friendly/low-GI food, vegan or gluten-free alternatives, homestyle food with less oil and spices, and even 'recovery-focused plates' for fitness buffs are gaining such as Capgemini, Hindustan Unilever , Larsen & Toubro, Accenture, Razorpay, and Myntra say they have initiated steps to promote healthy eating , food literacy, and conscious choices at their workplaces, viewing meals as a strategic input to drive energy, mood, and are opting for meals with less processed sugar and saturated fat, better hydration options, and those that are nutrient-dense and energising. Some are even setting up employee wellness counters, say food service providers like Compass Group and Rassense. 'There's been a significant rise in clients prioritising healthier food choices. Over 40% of our clients have requested health-centric menu transformations,' said chef Arjyo Banerjee, chief culinary officer at Compass Group India. 'These are built on the belief that small nutritional changes at work can boost employee productivity, improve energy levels, and reduce absenteeism.'Compass Group introduced healthier grain swaps like millets and brown rice; fermented items like kombucha and raita to aid gut health; functional foods such as lemon-infused buttermilk and sprouts, and wellness-led are whipped up with jaggery, dates, and fruits, while favourites like biryanis, dosas, and pulao are reimagined with millets and quinoa. Technology, banking, financial services, and insurance (BFSI), Global Capability Centres (GCCs), pharmaceuticals, education and consulting — featuring younger, more healthconscious workforces, and largely sedentary job roles — are leading the one can find calorie information on the food ordering app at Capgemini — it also hosts mindful eating sessions. At Razorpay, Manipal Hospitals' nutritionists and dieticians curate weekly food plans; HUL offers calorielabelled, portion-controlled dishes and personalised dietary counselling. Accenture's Purple Corridors programme promotes wellbeing as a collective responsibility at a team level, while even legacy companies like L&T opened diet-food counters at key office health-related concerns among employees are fuelling the shift. At L&T, annual health checkup data revealed a spike in lifestyle-related conditions such as high cholesterol, obesity, and diabetes. To counter this, the engineering and construction conglomerate adopted a holistic, preventive healthcare approach — with nutritious food access playing a critical role, said Dr Divyang Shah, headmedical services & community health centres at L& recent months, cafeteria menus have been enhanced to offer balanced meals prepared with minimal oil — with guidance from internal and external nutrition experts. HUL, through its 'Healthier U' programme, developed in collaboration with the Workforce Nutrition Alliance, rolled out several initiatives to promote balanced eating. These include reducing salt, sugar, and oil intake, and adding local nutrient-dense superfoods. 'Our food courts carry visual nutrition guides and educational signage to encourage informed food choices,' said a HUL spokesperson. These efforts are enhancing employee physical health, evidenced by reported improvements in blood sugar levels, weight management, and hypertension control, according to HUL.'We believe that employee well-being begins with everyday choices—starting with what's on our plates,' noted Vijay Chandramohan, head of corporate real estate services (CRES)-India and APAC at Capgemini. 'By introducing calorie labelling, expanding healthy food options, and offering expert-led sessions on mindful eating, we're empowering people to make informed decisions. This reflects our commitment to a workplace culture rooted in health, awareness, and long-term well-being.'feedback is playing a key role in shaping food offerings. Razorpay, for instance, has a dedicated food feedback channel on messaging company Slack where employees share suggestions and preferences. These are reviewed by teams and shared with food vendors for implementation wherever feasible.'Several enhancements to our menu have come from employee feedback. For instance, the introduction of healthier evening snacks and add-ons like salads and beans resulted from suggestions raised during town halls and focus group discussions,' said Chitbhanu Nagri, senior vice-president -people operations, online fashion and lifestyle retailer Myntra, the cafeteria offers varied healthy options — from detox water and fresh juices like tulsi-lime and kokum, to salads and seasonal fruits — and continues to evolve based on employee preferences, said Govindraj MK, CHRO.
New Indian Express
4 days ago
- Business
- New Indian Express
Razorpay shifts domicile to India from US, will pay Rs 1,275 crore in taxes
BENGALURU: Fintech unicorn Razorpay has shifted its domicile from the US to India. Sources confirmed that the company will pay about $150 million (Rs 1,275 crore) in taxes and that it is aiming to go public before the end of CY2026. Earlier, it was reported that the company might make a tax payout of around $200 million to US authorities. On Thursday, the company confirmed the reverse flip to India. Razorpay's co-founder & MD Shashank Kumar said, "Yes, we've officially completed our reverse flip, and we couldn't be more proud. This move marks a pivotal milestone in Razorpay's journey. It is more than a structural move; it's a powerful signal of belief."
Time of India
4 days ago
- Business
- Time of India
Razorpay completes reverse flip to India, moves global HQ from US
Razorpay completes reverse flip to India, moves global HQ from US BENGALURU: Fintech unicorn Razorpay has officially completed its reverse flip back to India, shifting its parent company's domicile from the US to India, the firm's co-founder and managing director Shashank Kumar said on Thursday. The move makes India the company's global headquarters, marking one of the most high-profile reversals of the earlier trend among Indian startups of flipping overseas for regulatory or investor access. 'Yes, we've officially completed our reverse flip, and we couldn't be more proud,' Kumar said in a statement. 'This move marks a pivotal milestone in Razorpay's journey. It is more than a structural move; it's a powerful signal of belief, belief in India's economic future, our regulatory ecosystem, and in the incredible potential of homegrown innovation.' Founded in 2014, Razorpay offers a suite of digital payment and banking solutions to Indian businesses and has grown into one of India's leading fintech players. Like many startups in its cohort, Razorpay had earlier flipped its holding structure to the US in pursuit of global capital and regulatory flexibility. The company's move to reverse that structure comes amid growing calls from Indian regulators and policymakers for high-growth startups to anchor themselves domestically. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo 'We started Razorpay with a dream to build for India, and today, we're doubling down on that dream by making India not just our largest market, but our global headquarters,' Kumar said, calling the decision a reflection of 'deep-rooted confidence that India is no longer just a great place to build from, it's the best place to lead from.' In April, Razorpay transitioned into a public limited company, signalling a step forward in their long-term plans to go public in India. The move begins the process of public company compliance well in advance of its anticipated IPO in about two years, ensuring timely adoption of governance protocols. Razorpay is expected to target an IPO between 2026 and 2027 financial years. Valued at about $7 billion, Razorpay recorded Rs 2,068 crore in revenue and a profit of Rs 35 crore in the 2023-24 financial year. Other fintech companies such as Paytm and MobiKwik, are already listed on Indian exchanges, while Pine Labs and PayU are also planning IPOs in the coming year. Razorpay joins a small but growing group of Indian startups, including Groww and Zepto, that have either completed or initiated reverse flips in recent quarters. The trend is being closely watched by the startup and investor community, especially as India strengthens its digital infrastructure, eases compliance norms, and signals openness to homegrown tech going public on Indian bourses. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
4 days ago
- Business
- Time of India
Ola Electric's Q4 losses double; Walmart on quick comm
Ola Electric's Q4 losses double; Walmart on quick comm Also in the letter: Ola Electric Q4 net loss doubles to Rs 870 crore as revenue slumps 62% Financials: Operating revenue: Rs 611 crore, down 61.8% from Rs 1,598 crore a year ago. Rs 611 crore, down 61.8% from Rs 1,598 crore a year ago. Net loss: Rs 870 crore, versus Rs 416 crore in Q4 FY24. Rising woes: Yes, and: Seeking funds: Quick commerce is 20% of India's ecommerce and growing fast: Walmart Driving the news: The company aims to operate 800 dark stores by the end of 2025. It has already crossed the halfway mark, VP Kabeer Biswas told ET earlier this month. 'We're not so focused on profitability that we would trade off market share,' McLay said. 'The path to profitability is not linear… but we've seen it in other markets where we've been able to achieve it, not just at a market level, but within specific channels.' The big picture : Flipkart competes with Blinkit, Instamart, Zepto, BigBasket, Amazon, and JioMart in India's increasingly competitive quick commerce sector. As ET reported on May 19, top FMCG firms including HUL, Dabur, and Britannia posted Rs 4,400 crore in FY25 quick commerce sales—just 2–4% of total revenue. HSBC Securities pegs India's quick commerce order value at $35–40 billion by FY26. Also Read: What's next: Flipkart is shifting its domicile to India ahead of a planned IPO in 2026. FY24 snapshot: Flipkart's revenue rose 21% to Rs 17,907 crore, while Myntra turned profitable, posting Rs 31 crore in net profit. Razorpay completes reverse flip from US to India after MCA approval Why it matters: Catch up quick: ETtech first reported Razorpay's flipback plan on May 9, 2023, when it began work on shifting its domicile. The process required clearance from the Reserve Bank of India (RBI), followed by the MCA nod, which was granted recently. In April, Razorpay's board also approved its conversion into a public limited company. Zoom out: Dream Sports (Dream11) was the first Indian startup to complete a reverse flip under the new fast-track route, as reported by ETtech in March 2025. The updated cross-border rules permit a foreign holding company to merge with its Indian subsidiary without requiring NCLT clearance, thereby significantly reducing the timeline. Flipkart's board approved a similar move in February 2025, aiming to shift its domicile to India as part of its IPO roadmap, as per another ETtech exclusive. Groww completed its reverse flip in 2024 and has since filed confidentially with Sebi for an IPO. By the numbers: $180 billion in annual payment volume Rs 2,500 crore in FY24 payments biz revenue Rs 34 crore in net profit (payments unit) Overall company still reports consolidated losses What's next: Also Read: Elon Musk's timeline at DOGE: From ambitious reforms to abrupt exit Musk's statement: Why the long face: While the reasons remain unclear, the move came a day after Musk publicly criticised Trump's 'big, beautiful bill.' In a recent interview with The Washington Post, the Tesla CEO also voiced frustration over DOGE becoming a political scapegoat. Earlier this month, Musk pledged to scale back his political spending, insisting that he'd 'done enough.' Following a major outage on X, Musk said he will 'refocus' on his business. DOGE controversies: Agency downsizing: Shut down or hollowed out 11 agencies, attempted to dismantle the United States Agency for International Development (USAID) and the Consumer Financial Protection Bureau, and, as per Politico, terminated over 8,500 contracts and 10,000 grants. Spending cuts: AI could cut half of all entry-level white collar jobs: Anthropic CEO Jobs bloodbath: Not yet, but soon: Also Read: Ola Electric's troubles compounded with net loss increasing two-fold in the March quarter. This and more in today's ETtech Top 5.■ Razorpay's flip back■ Musk exits DOGE■ Anthropic CEO's jobs warningBhavish Aggarwal, CEO, Ola ElectricOla Electric's financial troubles deepened in Q4 FY25, with net losses doubling and revenue taking a steep fall, one of the sharpest since the company began delivering electric two-wheelers in late marks one of the steepest quarterly revenue drops for the Bhavish Aggarwal-led firm. The company continues to face headwinds, from growing customer complaints to ongoing investigations by regulatory bodies. As ET reported on May 28 , Ola Electric is also losing ground in market share. In May, it slipped to third place in the electric two-wheeler segment as legacy companies TVS Motor and Bajaj Auto gained the first 26 days of May, Ola Electric held a 20% market share with 15,221 vehicle registrations, down from 22.1% in April, according to government-run Vaahan portal data. TVS led with 25% while Bajaj followed closely at 22.6%.To steady operations and shore up capital, Ola Electric's board approved raising Rs 1,700 crore via non-convertible debentures and other debt instruments. This is its first fundraise activity since its IPO in August company's stock closed at Rs 53.24 on Thursday, well below its issue price of Rs 76. Since its listing, the stock has dropped over 40%.Kathryn McLay, CEO, Walmart InternationalQuick commerce now makes up 20% of India's ecommerce market and is growing at 50% annually, Walmart International CEO Kathryn McLay said at the Bernstein Strategic Decisions has received a Rs 2,225 crore ($260 million) cash infusion from its Singapore-based parent to scale up businesses like its quick commerce unit, Minutes.(L-R) Harshil Mathur, Shashank Kumar, cofounders, RazorpayRazorpay has completed the reverse flip of its parent entity from the US to India, following final approval from the Ministry of Corporate Affairs (MCA), ETtech has marks a major milestone in the fintech unicorn's efforts to align with Indian regulations ahead of its planned IPO. The shift was enabled by new rules that allow eligible startups to skip National Company Law Tribunal (NCLT) is targeting profitability by 2026 and intends to go public on Indian stock exchanges shortly billionaire Elon Musk ended his brief and turbulent five-month stint at the Department of Government Efficiency (DOGE), President Donald Trump's flagship programme to slash federal on his social media platform X, Musk wrote: 'As my scheduled time as a Special Government Employee comes to an end, I would like to thank President@realDonaldTrump for the opportunity to reduce wasteful spending.'Musk's exit is as abrupt as it is low-key. Sources told Reuters that he has already begun transitioning out, with no direct conversation with Trump preceding the Musk, DOGE led major cost-cutting and restructuring efforts across the federal government:Slashed foreign aid, volunteer programmes, and education funding while centralising budget Amodei, CEO, AnthropicAnthropic CEO Dario Amodei has raised concerns about an impending job extinction caused by artificial intelligence (AI), echoing fears shared by who leads one of the world's largest AI companies, told Axios that significant job cuts could happen within five years, urging consumers and US lawmakers to get stated that the government and his peers in the AI industry are 'sugar-coating' the reality that mass job cuts will occur in entry-level white-collar roles across the technology, finance, law, and consulting to the report, Anthropic research indicates that people have embraced AI in their work, seeing it as an assistant—something that will help them perform their jobs without fully replacing Amodei warns that companies will increasingly rely on AI for automation in "as little as a couple of years or less."
