Explained: Why Zomato shares rose nearly 5% today

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Shares of online food delivery company Zomato rose nearly 5 per cent in early trade on Wednesday after the company gave an update on the operations of its quick commerce brand Blinkit...

The company said most dark stores of Blinkit across Delhi-NCR have reopened and operations have resumed after a week-long strike by its delivery executives over lowering of wages...

Nearly 100 Blinkit dark stores were shut down by the company over the past few days across different areas in Delhi-NCR after its delivery executives went on a strike over lower payouts on deliveries...

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