Delivery Race Among Indian Grocery Startups Brings Road Safety Risks

Delivery Race Among Indian Grocery Startups Brings Road Safety Risks

By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) -Indian grocery startups are luring tech-savvy customers with the promise of deliveries within 10 minutes, sparking a boom in “quick commerce”, but heating up concerns about road safety as bike riders scramble to meet tight deadlines. Competition is already intense in India’s $600-billion grocery retailing industry,…

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Asian shares decline amid omicron, Fed, Ukraine jitters

TOKYO (AP) — Asian shares skidded Tuesday following a volatile day on Wall Street. Inflation-fighting measures from the Federal Reserve and the possibility of conflict between Russia and Ukraine are overhanging markets. Japan’s benchmark Nikkei 225 slipped 2.0% in morning trading to 27,027.23. Australia’s S&P/ASX 200 dropped 2.3% to 6,972.10. South Korea’s Kospi lost 2.1%…

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