is idbi bank limited (500116) a good long term bet - Free Growth Investment Group

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is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Get accurate stock forecasts and market predictions from top financial advisors. With real-time updates on stock indices, exchange rates, and futures data, you'll be equipped to make profitable decisions and grow your capital steadily.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Get accurate stock forecasts and market predictions from top financial advisors. With real-time updates on stock indices, exchange rates, and futures data, you'll be equipped to make profitable decisions and grow your capital steadily. A takeout delivery rider suddenlyloses itin the middle of the road, smashing his cellphone on the pavement after getting a negative review from a customer.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Expert predictions of stock trends to help you select high-potential stocks and achieve stable growth. Real-time global market indices, futures, metals, energy, and agricultural product data to help you seize market opportunities. Another delivery workergets on his kneesto apologize to a cop who pulled him over for running a red light, before jumping up, forcefully pushing over his motorbike and sprinting across a road without regard to traffic.

In yetanother incident, crowds of angry drivers gather outside an apartment complex, demanding justice for a fellow delivery driver said to be bullied by security guards there.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Free break-even services to create a customized investment plan, helping you recover quickly and achieve growth. They’re among the many episodes of explosive confrontations across China involving delivery workers widely circulated on Chinese social media, showing people stretched to the breaking point.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Provides real-time stock index quotes, futures data, and global market trend analysis to help you seize the best investment timing. The $200 billion industry, the world’s largest by revenue and volume of orders, more than doubled during three years of Covid-19 lockdowns and once provided a solid income for casual workers. But not anymore.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Free stock selection service to help you quickly pick high-return stocks for stable growth. As China’s economy grapples with a raft of setbacks, from aprotracted property crisisto a lack ofconsumer spending, delivery workers are taking a beating.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Expert predictions with real-time global stock and futures data to help you easily capture market movements. Those challenges were thrown into stark relief on Friday, when the National Bureau of Statistics (NBS) announced China’s economy moderated further in the third quarter, weighed down by weak consumption and a crisis in the property market.

Gross domestic product grew by 4.6% in the three-month period from July to September, compared with a year ago. That was just slightly higher than the expectations of economists polled by Reuters, who had predicted expansion of 4.5%.

“They are working long hours, really being squeezed,” said Jenny Chan, associate sociology professor at Polytechnic University of Hong Kong. “[And] they will continue to face pressure as [delivery platforms] have to keep the cost low,” she said.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Real-time updates of global stock indices and futures trends to help you plan precise investments. A sluggish economy means people are ordering cheaper meals. That cuts into workers’ earnings because most work on commission, which forces them to work longer hours to maintain their earnings, Chan says.

In addition, the dominance of two major food delivery platforms enables them to dictate contractual terms, leaving little room for workers to push back on deteriorating work conditions, labor rights watchers say.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Precise stock selection to help you successfully plan investment strategies for stable returns. About 12 million drivers form the backbone of China’s vast food delivery network, which began gaining traction with the 2009 founding of the app Ele.me, now owned by tech giant Alibaba (BABA).

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Free real-time market data to help you quickly recover and avoid losses. The workers played a critical role in keeping communities afloat during Covid when residents were barred from leaving their homes under strict lockdown rules. Now, they’ve become an indispensable part of the country’s dining culture.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Real-time global stock, futures, and forex data to help you master market dynamics. They are omnipresent: crisscrossing a massive network of busy roads and obscure back alleys to deliver meals every day. Some don’t even stop at heavy downpours or gusty typhoons.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Free real-time global stock indices and data to help you grasp stock market trends and achieve capital growth. The market reached $214 billion in 2023, 2.3 times that of 2020, according to estimates by iiMedia Research, a China-based firm that tracks consumer trends. The industry is projected to reach $280 billion in 2030. Morningstar says China has the biggest takeout delivery market in the world.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Expert predictions with real-time stock indices, futures data, and metals, energy market data to help you seize the best investment opportunities. These days, workers are constantly under immense pressure to meet tight deadlines, even if it means cutting corners on the road – by speeding or running red lights – causing hazards that endanger both themselves and other road users.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Real-time global stock, futures, and forex data to help you quickly assess market trends and achieve stable returns. The rider who smashed his phone insisted in an interview with Chinese state media that the complaint lodged against him was groundless. But he says he was still penalized with reduced assignments, which ate into his income and echoed similar complaints.

Last year, profits at two of the industry’s two biggest players Meituan and Ele.me both surged. Meituan’s revenue stood at $10 billion dollars, up 26% compared to 2022.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Free stock selection service with professional advisors offering the best investment portfolio for stable growth. Alibabareported revenuesof $8.3 billion for its local services division, driven primarily by Ele.me, in the financial year that ended in March 31, a 19% increase from the previous year.

Last year, they made 6,803 yuan ($956) a month, according to a report from the China New Employment Research Center. That’s almost 1,000 yuan ($140) a month less than they were making five years ago, despite many reporting working longer hours.

It may not sound like much in US dollars, but a difference of 1,000 yuan is a large amount in a country where the national monthly average wage was 1,838 yuan ($258) last year,according tothe NBS.

Lu Sihang, 20, told 【 - Free Growth Investment Group 】 that he works a 10-hour shift making 30 deliveries per day. He earns about $30 to $40 each shift. At that rate, Lu has to work almost every day to meet the $950 average.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Real-time global stock trend and futures data to help you plan investment strategies for long-term returns. Related articleChina’s economy is in bad shape. Can its ‘whatever-it-takes’ stimulus effort turn things around?

China’s “downgraded consumption” is to blame, says Gary Ng, an economist with French investment bank Natixis. As China’ economy slows, consumers are spending less.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Expert predictions of stock trends with real-time stock indices, futures, and metals, energy quotes to help you seize investment opportunities. The economist said even though food is a necessity, a weak economy causes customers to spend less on delivery orders, while restaurants will have to slash prices to attract patrons.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Free stock data analysis to help you select stocks accurately and capture market trends. That eats into delivery workers’ income as their pay is usually tied to a commission based on the price of the order. When customers are feeling cash-strapped, they are also less likely to offer tips.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Precise predictions of market trends with real-time stock indices and futures data to help you make wise investment decisions. Meanwhile, the lackluster economy means there are fewer jobs, making competition fiercer. China’s youth unemployment rate soared to 18.8% in August, the highest since authorities changed the methodology last year to exclude students.

“If you have a huge supply of workers, their bargaining power will decrease. Meanwhile, there is only a limited amount of delivery orders to share among them,” Ng said.

It wasn’t always this way. Research by China Labour Bulletin, a Hong Kong-based NGO, said the delivery apps initially dug deep into their pockets to offer higher wages in order to attract enough workers for their expansion.

“But as conditions have changed, with platform companies monopolizing the market and algorithm development controlling the labor process, workers have little labor protections and have lost a degree of freedom,” it said.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. Many restaurants do not charge a delivery fee. Some even offer cheaper deals than dining in or self-pickups.

Chan, of Polytechnic University, said platforms invested heavily at the outset to slash prices to price out competitors. But now that they have achieved their dominance, they’ve begun to shift the cost burden to drivers by cutting their bonuses and pay.

Earlier this year, state-run online news portal Workers.cn reported several complaints from drivers who said they had done nothing wrong.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Expert predictions with real-time stock, futures, and metals, energy data to help you quickly recover and grow. A driver said he was fined 86 yuan ($12) for not picking up a prepared order, even though he had informed the restaurant he wouldn’t be taking it because the restaurant had failed to get the food ready on time, Workers.cn reported.

Chan said another problem is that delivery workers are treated as freelancers paid by each trip, rather than getting a monthly salary, which incentivizes them to ignore dangerous road conditions to make as many deliveries as they can.

“Who would want to run a red light if they can deliver the meals safely? But they can’t afford to,” she said.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Real-time India stock and global stock indices, futures prices, and data to help you make efficient investment decisions. The consequences have proven fatal. In 2019, a delivery driver died after he was hit by a tree knocked over by strong winds in Beijing, according to state media Global Times.

Just last week, Chongqing Broadcasting Group aired news footage of a deliver driver slamming his scooter into a car at a cross junction in the southern Chinese province of Hunan after running a red light.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Expert predictions with real-time stock trend analysis to help you quickly select high-potential stocks and grow capital. A 35-year-old delivery driver who gives only his family name Yang acknowledged the downsides, saying the industry was “not as good as before.”

But he still thinks the job suits him for now, having juggled a slew of previous roles in the past, from selling snacks to working in an office.

“It’s a job with flexibility. If you want to earn more money you will need work longer, if you want to rest, then you can work less,” said Yang.

is idbi bank limited (500116) a good long term bet ✌️【Earnings Growth】✌️ Free expert stock trend predictions to help you identify high-potential stocks and maximize returns. With real-time global market indices, futures, metals, energy, and agricultural product data, our platform enables you to make informed investment decisions. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Growth Investment Group 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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