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Swiggy’s Food on Train offering expands network to 180+ cities: Records 3x YoY growth in orders in April-June 2026

Swiggy’s Food on Train offering expands network to 180+ cities: Records 3x YoY growth in orders in April-June 2026
  • Multi-station bookings surged by over 300% by Q1, FY27
  • 4 lakh+ rotis ordered via Swiggy’s Food on Train this summer. 
  • Mango Shake was the preferred drink with orders up 10% as compared to winters, while Soft drinks surged 354%. Lassi was up 100%. Ice cream orders jumped 140%.
  • Newly launched ‘Scan your ticket’ feature provides added convenience to travellers
Swiggy Limited (NSE: SWIGGY / BSE: 544285), India's leading on-demand convenience platform, today announced that it has expanded its Food on Train network to 180 cities across the country. With millions of families traveling for summer vacations, Swiggy's Food on Train service witnessed 3x growth in orders in Q1, 2026 on a YoY basis. In addition to this, Scan your Ticket, a newly launched feature this summer was well received with travellers having the option to simply upload their ticket for the app to enable it to automatically detect the PNR, and going ahead and ordering their food on the go.

In addition to this, multi-station journeys — where the same passenger ordered food at 2 or more stations on a single PNR — grew over 300% year-on-year, with passengers spending nearly 2.2x more on food than those who order at just one stop. The most popular two-stop eating trail was Bhopal to Nagpur, with over 1,300 passengers ordering at both stations on the same booking. Also, Food on Train service helped onboard thousands of new-to-Swiggy users daily, e.g. 66% of orders at Guna were from first-time Swiggy users. Swiggy Food on Train offering added 17 new stations this summer, including Gurugram, Udaipur, Bikaner, Davanagere, Kayamkulam, Nanded, Amravati, Shoranur, Arrah, Tadpatri & Nizamabad — expanding Swiggy’s flavour footprint across desert tracks, northern plains, Deccan and Kerala's lush backwaters. Also, many passengers used the Food on Train offering to place orders up to four days ahead of their travel date.

As travellers explored and traveled across the country this summer, there were some interesting trends in food ordered via Swiggy’s Food on Train offering. The most-ordered dish was Roti — with over 4 lakh rotis ordered on moving trains this summer alone, ranging from Tawa Roti, Tandoori Roti, Butter Roti, to Phulka. Masala Dosa, Aloo Paratha and the ever-popular McAloo Tikki Burger were the other popular dishes. Chicken Biryani was the single most-ordered non-veg dish. Also, as temperatures soared across the country, Mango Shake became the breakout summer star in beverages category— orders for the drink jumped nearly 10x compared to winter, making it the most seasonal item on the entire platform. Also, soft drinks surged 354%. Lassi was up 100%. Ice cream orders jumped 140%. Also, Burger — ordered nearly twice as often as the national average for the students.

Speaking on the growth story of Food on Train offering by Swiggy, Deepak Maloo, Vice President- Food Strategy, Customer Experience & New Initiatives, Swiggy, said“ Food on Train has witnessed exponential growth in the last one year and the last quarter has been no different, with a 3x YoY growth in orders. It is heartening to see the growth and consumer love for this offering across the country, with customers also booking their meals well in advance. Even in tier-4 towns and cities, customers witnessed first-time digital moments when they discovered Food on Train at a junction platform while their train paused for ten minutes. Also, the university hubs have emerged as a major contributor to the growth story as we have witnessed the highest ever surge amongst student orders during this quarter, with the last week of May recording a jump of 70% in student orders with orders peaking at Kharagpur, Kanpur, and Aligarh stations, as hundreds of thousands of engineering and university students boarded trains back to campus

Food choices varied beautifully across regions, revealing India's diverse summer appetite. In the North, travellers leaned into indulgent comfort: Roti with rich Curry, Aloo Paratha and the Burger ruled corridors through Lucknow, Kanpur, Agra and Bhopal. The South celebrated with its breakfast classics — at Nellore, Dosa accounted for over 14% of all items ordered. Andhra Pradesh was unmistakably Biryani land- at Vijayawada, nearly 1 in 5 items ordered was a Biryani. The East, from Bhubaneswar to Kharagpur, leaned on Thalis, Fried Rice and rice bowls. And in the West, Goa-bound passengers on the Konkan route defied national trends entirely — at Madgaon Junction, the Burger overtook Biryani as the most-ordered dish.

On the brand front, Haldiram's, Paradise Biryani, A2B – Adyar Ananda Bhavan, McDonald's and KFC were the most preferred by travellers across stations — reflecting a blend of regional loyalty and trusted national names. Some of the season's most heartwarming stories came from India's smaller towns. At Guna in Madhya Pradesh, 2 in 3 passengers who ordered train food this summer were doing so on a food delivery app for the very first time in their lives. India Rise stations — the India Rise emerging towns — grew 253% year-on-year, outpacing metros by a factor of nearly two. The train is where the next wave of India's digital food economy is being created.

About Swiggy

Swiggy is India’s pioneering on-demand convenience platform, catering to millions of consumers each month. Founded in 2014, its mission is to elevate the quality of life for the urban consumer by offering unparalleled convenience, enabled by over 6.1 lakh delivery partners. With an extensive footprint in food delivery, Swiggy Food collaborates with over 2.7 lakh restaurants across 720+ cities. Instamart, its quick commerce platform operating in 129 cities, delivers groceries and other essentials across 20+ categories. Fueled by a commitment to innovation, Swiggy continually incubates and integrates new services like Swiggy Dineout and Swiggy Scenes into its multi-service app as well as creating standalone offerings like Toing and Crew for opening up new market segments. Leveraging cutting-edge technology and Swiggy One, the country’s only membership program offering benefits across food, quick commerce and dining out, Swiggy aims to provide a superior experience to its users.

For more details, please visit our website: www.swiggy.com/corporate

Best NRI Account Options in India: Exploring the Rise of GIFT City Accounts

Best NRI Account Options in India: Exploring the Rise of GIFT City Accounts

Introduction

Choosing the best NRI account in India depends on your source of income, banking requirements, investment goals, and whether you need to manage funds in Indian Rupees or foreign currencies. While NRE and NRO Accounts continue to be the foundation of NRI banking, GIFT City has introduced a new category of banking solutions designed specifically for international financial management.

A GIFT City account enables eligible NRIs to hold foreign currency balances while accessing the regulatory advantages of India's International Financial Services Centre (IFSC). Understanding how these account options differ can help NRIs build a banking strategy that suits their global financial needs.

Understanding the main NRI account options

NRIs today have access to multiple banking solutions, each designed for a different purpose.
Account TypePrimary Purpose
NRE AccountManage overseas income in Indian Rupees
NRO AccountManage income earned in India
GIFT City AccountHold foreign currency balances and manage international banking requirements

Rather than replacing one another, these accounts often complement each other.

NRE and NRO Accounts remain the foundation

For many NRIs, an NRE or NRO Account is the first banking relationship established in India.

An NRE Account is generally suitable for:
  • Overseas salary and foreign income
  • Full repatriation of principal and interest
  • Managing savings in Indian Rupees
  • Tax-efficient savings, subject to applicable laws
An NRO Account is commonly used for:
  • Rental income
  • Pension
  • Dividends
  • Other income earned in India
Together, these accounts continue to address most day-to-day NRI banking requirements.

Why GIFT City Accounts are gaining popularity

A GIFT City account offers features that differ from traditional NRI accounts because it operates through the International Banking Unit (IBU) at GIFT City under the applicable IFSCA framework.

Some of its current features include:
  • Hold balances in USD and EUR. 
  • Competitive interest rates with monthly interest credits. 
  • Interest is currently exempt from tax in India, subject to applicable regulations
  • Zero Average Monthly Balance requirement
  • Zero account maintenance charges
  • Zero international fund transfer charges
  • Freely repatriable balances
  • Digital banking through mobile banking
  • Dedicated Relationship Manager for eligible customers

Comparing traditional NRI accounts and GIFT City Accounts

FeatureNRE AccountGIFT City Account
CurrencyIndian RupeesUSD and EUR
Primary UseOverseas earnings remitted to IndiaForeign currency banking
Interest CreditsAs per account termsMonthly
RepatriationFreely repatriableFreely repatriable
Average Monthly BalanceApplicable as per account variantZero
International Fund Transfer ChargesAs applicableZero

The right choice depends on how you earn, hold, and use your money.

IDFC FIRST Bank's FIRST Global Savings Account

Gift City Account represents one of the newest additions to the bank's NRI banking portfolio.

Some notable features include:
  • Available to eligible NRIs, OCI cardholders, and PIOs
  • Accounts available in USD and EUR
  • Attractive interest rates with monthly interest credits
  • Digital transfers through the IDFC FIRST Bank Mobile App
  • Ability to transfer funds between eligible NRE Accounts and the FIRST Global Savings Account
  • Access to GIFT City Fixed Deposits for customers seeking fixed returns on foreign currency balances

For customers looking for the best NRI account in India, the FIRST Global Savings Account complements traditional NRE and NRO banking rather than replacing it.

Which account should you choose?

Banking RequirementRecommended Option
Overseas earnings in Indian RupeesNRE Account
Income generated within IndiaNRO Account
Foreign currency savingsGIFT City Account
Foreign currency fixed returnsGIFT City Account with GIFT City Fixed Deposit

Many NRIs benefit from maintaining more than one account because each product serves a different financial objective.

Conclusion

The best NRI account in India depends on your individual banking needs rather than a single product. NRE and NRO Accounts continue to provide essential solutions for managing overseas and domestic income, while the GIFT City account has emerged as an innovative option for customers seeking foreign currency banking, digital convenience, and access to GIFT City's internationally aligned financial ecosystem. Evaluating your income sources, investment goals, and currency requirements can help you choose the right combination of banking products.

FAQs

What is a GIFT City Account?

A GIFT City account is a foreign currency savings account offered through the International Banking Unit of IDFC FIRST Bank at GIFT City.

Is a GIFT City Account different from an NRE Account?

Yes. An NRE Account is maintained in Indian Rupees, while a GIFT City Account currently allows eligible customers to hold balances in USD and EUR.

Can I have both an NRE Account and a GIFT City Account?

Yes. Eligible customers can maintain both accounts because they serve different banking purposes.

Who can open a FIRST Global Savings Account?

Eligible NRIs, OCI cardholders, and PIOs can open the account, subject to the bank's eligibility requirements.

Can I transfer funds between my NRE Account and GIFT City Account?

Yes. IDFC FIRST Bank currently allows eligible transfers between NRE Accounts and the FIRST Global Savings Account.

UPI Biometric Payments Surge Past 600 Million Transactions in June

UPI Biometric Payments Surge Past 600 Million Transactions in June
  • On-device biometric authentication also supports RuPay Credit Card on UPI transactions, delivering a faster, secure and seamless payment experience.
UPI on-device biometric authentication-based payments accounted for over 611 million transactions in June 2026, with a total transaction value of ₹25,416 crore, reflecting strong adoption across everyday payment use cases. The feature enables users to authorise UPI payments using smartphone’s fingerprint or facial recognition.

UPI users are increasingly adopting biometric-based authentication for everyday payments, marking a significant shift towards faster, simpler and more intuitive digital payment experiences. The feature supports both Person-to-Person (P2P) and Person-to-Merchant (P2M) payments, making routine payments quicker and more seamless for users.

Biometric authentication is also available for RuPay Credit Card on UPI transactions, enabling PIN-free credit payments through UPI, extending the same speed and convenience to credit transactions as it does for savings account payments.

Sohini Rajola, Executive Director - Growth, NPCI, said, “The growing adoption of biometric authentication reflects the increasing preference among UPI users for payment experiences that are simple and efficient. With over 600 million transactions in June, the solution is seeing strong acceptance across use cases, including RuPay Credit Card on UPI. Several banks and UPI apps already offer biometric authentication to their customers, and we expect adoption to grow further as more users choose this secure and convenient way to make payments.”

By using on-device fingerprint or facial recognition, biometric authentication reduces dependence on UPI PINs, enables faster transaction completion and improves success rates.

With ecosystem enablement expanding across banks and UPI apps, biometric authentication is set to play a growing role in how Indians pay every day. NPCI expects the feature to see continued adoption in the months ahead, further strengthening UPI's position at the forefront of secure, frictionless digital payments.

National Payments Corporation of India (NPCI) is the umbrella entity responsible for operating retail payments and settlement systems in India. It is established by the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA). The Company is focused on bringing innovations in the retail payment systems by using technology for achieving greater efficiency in operations and widening the reach of payment systems. NPCI is committed to harnessing the transformative potential of deep tech, creating an ecosystem that fosters collaboration to work on breakthrough technologies. Underlining its commitment to service, NPCI has been incorporated as a “Not for Profit” Company to provide infrastructure to the entire Banking system in India for physical as well as electronic payment and settlement systems.

NPCI has made a profound impact on India's retail payment landscape, focusing on creating robust, efficient, and inclusive payment and settlement solutions. NPCI has been instrumental in introducing a range of products that have revolutionised retail payment systems. These include Unified Payments Interface (UPI), RuPay, National Automated Clearing House (NACH), Immediate Payment Service (IMPS), National Electronic Toll Collection (NETC), Aadhaar Enabled Payment System (AePS), e-RUPI and more. Each of these products has contributed significantly to enhance the efficiency and accessibility of payment systems in India, ultimately propelling financial inclusion.

NPCI has played a fundamental role in establishing the foundation for India’s rapidly growing digital payments ecosystem, projecting the country onto the global stage.

NPCI has three wholly owned subsidiaries – NPCI International Payments Limited (NIPL) and NPCI Bharat BillPay Limited (NBBL) and NPCI BHIM Services Limited (NBSL), established in pursuance of NPCI Board & RBI approval.

For more information visit: https://www.npci.org.in/

Bengaluru's Vimag Labs Secures Patent for India’s Ist Software-Defined, Magnet-Free Motor Platform

Bengaluru's Vimag Labs Secures Patent for India’s Ist Software-Defined, Magnet-Free Motor Platform
Volektra Motor
  • Fifth patent granted to the Accel-backed deep-tech company, protecting the core architecture of its Virtual Magnet Synchronous Motor (VMSM) - a rare-earth-free, software-controlled electric motor platform
Vimag Labs has been granted its fifth patent in India. The patent, titled "A Robust Rotating Transformer Excited Synchronous Motor and Its Control," covers the foundational motor architecture of the company’s proprietary Virtual Magnet Synchronous Motor (VMSM) platform.

Unlike conventional Permanent Magnet Synchronous Motors (PMSMs), which rely on fixed rare-earth magnets embedded in the rotor, VMSM generates and controls its magnetic field in real time using power electronics and proprietary control algorithms. The result is a brushless, slip-ring-free synchronous motor that matches or exceeds the performance of permanent magnet solutions — without any magnets.

This latest grant brings the company’s intellectual property portfolio to five patents granted, ten in the pipeline, and fifteen trademarks filed spanning motor architecture, software controls, power electronics, and application-specific implementations.

Commercial Deployment

The patent strengthens Vimag Labs’ competitive position as it scales commercial deployments. The company currently has active pilots under way with established two-wheeler and passenger car manufacturers, with expansion planned into light commercial vehicles, commercial vehicles, and high-power industrial systems ranging from 200 kW to 600 kW. Additional application areas under development include robotics, defence, and cooling systems.

For OEMs, the platform offers a dual advantage: lower motor costs and freedom from the supply-chain risks of rare-earth magnets, the majority of which are currently sourced from China. For India, the technology directly supports the Make in India and Atmanirbhar Bharat objectives by enabling indigenous development of critical electric motor technology.

Manish Seth, Co-founder and CEO, Vimag Labs, said: “This patent is the outcome of over 87,600 engineering hours. It strengthens every dimension of our commercial roadmap- OEM partnerships, licensing, manufacturing scale-up, and future growth.”

He added: “Our long-term vision is to build scalable, software-driven, magnet-free motor systems for global electrification. This innovation strengthens India’s deep-tech base across electric mobility, power electronics, robotics, defence, and clean-energy systems.”

Funding and Partnerships

Vimag Labs recently raised USD 5 million in its Series A round led by Accel, with participation from Chakra Growth Fund and Thinkuvate. The company has also signed a manufacturing MoU with Jendamark Pvt. Ltd. to support VMSM production scale-up.

About Vimag Labs

Vimag Labs is a Bengaluru-based deep-technology company building a new class of electric motor. Its patented VMSM platform replaces rare-earth permanent magnets with software-defined magnetic fields, delivering equivalent or superior performance across mobility, industrial, and defence applications. The company is scaling operations across India, Europe, and the United States.

NTT DATA and Hyster-Yale Materials Handling Announce Breakthrough Physical AI Solution in Manufacturing

NTT DATA and Hyster-Yale Materials Handling Announce Breakthrough Physical AI Solution in Manufacturing
Representative Image 

  • Physical AI embeds intelligence into quality assurance for critical assembly operations
  • When compared to legacy techniques, physical AI cuts deployment timelines from months to weeks
  • Co-innovation improves product reliability and maintains quality standards at scale
NTT DATA, a global leader in AI, digital business and technology services, and Hyster-Yale Materials Handling, Inc. (HYMH), the manufacturer of Hyster® and Yale® lift trucks, today announced a breakthrough application of physical AI that embeds intelligence directly into manufacturing processes. This approach leverages sensor data to enable machines and systems to perceive, understand and act in real-time within real-world operations.

Bringing this capability into practice introduces AI-driven quality assurance directly into HYMH’s manufacturing operations. This co-developed approach represents a first-of-its-kind use case of how physical AI can be applied in an industrial assembly environment by embedding intelligence into production workflows, helping to safeguard that products are built to consistently high standards.

NTT DATA designed and developed the solution at HYMH’s manufacturing facility in Berea, KY, integrating vision sensors, edge AI that processes data on-site and advanced analytics into a critical assembly workflow.

Together with partner Archetype AI, NTT DATA in collaboration with HYMH, adapted a physical AI model that analyzes assembly activity against expected production steps, validating that all parts are installed and assembly stages are completed, flagging deviations before the product moves to the next stage. By validating quality throughout the assembly process, the solution helps identify and address potential issues before products leave the factory floor.

This initiative demonstrates a step-change in how AI can be applied in manufacturing environments. Combined with edge computing, the solution can run locally so all processing happens on-site, enabling faster rollout and quicker time-to-value. Early results showed that physical AI cuts deployment timelines from months to weeks when compared with legacy techniques, accelerating adoption and iteration across manufacturing operations.

Our confidence in physical AI continues to grow, and we’re starting to see the countless benefits that AI can bring to our global manufacturing operations,” said Barbara Binda, Director of Global Manufacturing Innovation, Hyster-Yale Materials Handling. “Working with NTT DATA allows us to leverage how physical AI can help our production teams maintain high-quality standards and deliver the most reliable products to our clients.”

"This deployment shows what physical AI looks like in real production environments, not as a concept, but with tangible impact on the factory floor,” said Shahid Ahmed, Global Head of Edge Services, NTT DATA, Inc. "By combining real production data with physical AI models at the edge, we’re helping leading manufacturers like HYMH deliver high quality products, support frontline workers and apply AI in ways that deliver real-world outcomes.”

As manufacturers accelerate automation, demand is rising for physical AI that can operate safely in complex environments, driving efficiency, quality and resilience. NTT DATA is uniquely positioned to deliver this capability at scale, combining industry expertise with end-to-end services to integrate AI across IT and operational technology environments, enabling intelligent, data-driven operations.

Today’s news builds on a longstanding collaborative relationship between NTT DATA and HYMH. Together, the companies are advancing more adaptive and intelligent manufacturing processes and exploring how physical AI can be scaled to drive repeatable, high-quality production outcomes.

About NTT DATA

NTT DATA is a $30+ billion business and technology services leader, serving 75% of the Fortune Global 100. We are committed to accelerating client success and positively impacting society through responsible innovation. We are one of the world’s leading AI and digital infrastructure providers, with unmatched capabilities in enterprise-scale AI, cloud, security, connectivity, data centers and application services. Our consulting and industry solutions help organizations and society move confidently and sustainably into the digital future. As a Global Top Employer, we have experts in more than 70 countries. We also offer clients access to a robust ecosystem of innovation centers as well as established and start-up partners. NTT DATA is part of NTT Group, which invests over $3 billion each year in R&D. Visit us at nttdata.com

About Hyster‑Yale Materials Handling

Hyster-Yale Materials Handling, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks, parts and technology and energy solutions marketed globally primarily under the Hyster®, Yale®, Nuvera® and Maximal® brand names. The company’s subsidiary, Bolzoni S.p.A., is a leading worldwide producer of attachments, forks, masts and lift tables marketed under the Bolzoni®, Auramo® and Meyer® brand names.

Hyster-Yale Materials Handling is a wholly owned subsidiary of Hyster-Yale, Inc. (NYSE: HY).

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