Trading
New labour laws trigger massive selloff: E-commerce shares tumble after Centre’s reform move
Mumbai/IBNS: 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.
- Swiggy shares fell nearly 2% to ₹378.05.
- Delhivery dropped 1.8%, while Nykaa slid 1.7%.
- Urban Company also slipped more than 1.6%.
The selloff comes after the government announced the Code on Social Security, 2020 which came into effect from November 21, 2025.
The reform represents a major overhaul, consolidating 29 labour laws into four unified Labour Codes:
- Code on Wages, 2019
- Industrial Relations Code, 2020
- Code on Social Security, 2020
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These codes aim to streamline compliance, update outdated provisions, and boost ease of doing business, while strengthening worker protections.
Under the new framework, e-commerce companies are required to contribute 1–2% of their annual turnover to a dedicated social security fund for workers.
However, coverage for individual workers will be capped at 5% of the total amount payable, according to Business Today.
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