India’s new labor code, effective November 21, imposes a new cost burden on food delivery giants Swiggy and Eternal, potentially impacting margins by up to 70 basis points. The regulation mandates contributions to a social security fund for gig workers, leading to an estimated financial hit for both companies and potential stock volatility as investors assess the impact. Source link India News Cupid, Acutaas Chemicals and 4… US senators call for probe of scam… ‘Followed Lord Krishna's… 5 stories you must read today,… Stock Market Australian households spend twice… Paras signs MoU with Inter-… 5 Things to Know Before…