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Infosys to invest Rs 1,918 crore to develop 3 new campuses in Bengaluru

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By NewsGram Staff Writer

IT giant Infosys, led by Vishal Sikka, got a green light on his proposal to set up three more campuses in Bengaluru at an investment of Rs 1,918 crore from the Karnataka government on Saturday.

Infosys has proposed to develop one new campus at Electronic City and two at Konappana Agrahara in Bengluru. The company has claimed in its proposal that it will create 27,000 new jobs from these three projects.

The IT major has also planned a Software Technology Park with an estimated cost of Rs 1,079 crore. In this project, the number of direct employment would be 15,000.

The govt. also approved the proposal from Mangalore Refinery and Petrochemicals Limited with an investment of Rs. 20,000 crore and another proposal from Biosciences with an investment of Rs. 235 crore.

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Swiggy to use digital payments for delivery fleet

Founded in 2014, Swiggy aims to "change the way India eats" and is currently operational in cities like New Delhi, Gurugram, Mumbai, Pune, Kolkata, Bengaluru, Hyderabad and Chennai among a few others

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Another step towards digitizing India
Encouraging Digital Transactions by exempting service tax on Cards (Wikimedia commons)
  • Swiggy is an online food ordering platform
  • It will now allow digital payments for delivery feet
  • this method will prevent any leakage in cash payment process

Online food ordering and delivery platform Swiggy on Monday said it would use privately-run ICICI Bank to allow its delivery fleet to make digital payments.

“Through the use of Unified Payment Interface (UPI)-based solution for instant fund transfers and automated cash deposit machines at ICICI Bank branches and ATMs across the country, the delivery fleet will have a hassle-free way of transferring funds,” the company said in a statement. Swiggy operates with a fleet of over 20,000 delivery persons delivering food from over 25,000 restaurants across 12 cities.

These digital payments will prevent leakage in cash payments. Wikimedia Commons

With cash-on-delivery being a widely used method of payment on the platform, the digital payment methods allow the delivery men to quickly transfer the funds to Swiggy, saving their time, according to the statement.

“With the delivery fleet being the backbone of Swiggy, the adoption of the digital payment solutions will support the ease of operations and save their time and thousands of kilometres of travel,” said the company’s Chief Financial Officer (CFO) Rahul Bothra in the statement. The digital payment methods will also help in preventing any cash leakages, the company said.

Also Read: Rise Of Digital Media Unstoppable: Experts 

Founded in 2014, Swiggy aims to “change the way India eats” and is currently operational in cities like New Delhi, Gurugram, Mumbai, Pune, Kolkata, Bengaluru, Hyderabad and Chennai among a few others. IANS

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