Mumbai/IBNS, Nov. 24 -- Shares of major e-commerce companies plunged on Monday following the central government's announcement of new labour laws.

According to media reports, Delhivery, Swiggy, and Nykaa were among the biggest losers.

The reform represents a major overhaul, consolidating 29 labour laws into four unified Labour Codes:

Occupational Safety, Health and Working Conditions Code, 2020

These codes aim to streamline compliance, update outdated provisions, and boost ease of doing business, while strengthening worker protections.

However, coverage for individual workers will be capped at 5% of the total amount payable, according to Business Today.

Published by HT Digital Content Services with permission from India Blooms....