Last Updated:November 14, 2024, 08:01 IST Stocks to watch: Shares of firms like Tata Motors, Eicher Motors, Vi, Swiggy, ONGC, Nalco, and others will be in focus on Thursday’s trade Stocks To Watch Stocks To Watch On November 14: Domestic markets extended their corrective phase, declining by nearly one and a half percent, continuing the … Read more
New Delhi: Homegrown ride-sharing platform Rapido registered a net loss of Rs 371 crore last fiscal (FY24) from Rs 675 crore in FY23. Controlled expenditure helped the company cut losses by about 45 percent in FY24 from Rs 675 crore in FY23, as return on capital employed (ROCE) and EBITDA margins stood at -90.7 percent … Read more
Last Updated:November 12, 2024, 23:21 IST According to an official statement, Food Safety & Standards Authority of India (FSSAI) convened a meeting with e-commerce Food Business operators (FBOs) to reinforce compliance requirements for e-commerce FBOs Rao, who chaired the meeting, clarified that any product claims made on e-commerce platforms must align with the information provided … Read more
Mumbai: Online food delivery platform Swiggy’s Rs 11,327 crore IPO was subscribed 3.59 times on the last day of bidding on Friday after a muted response from the investors in the initial two days of its public issue. Swiggy IPO was subscribed 0.35 times and 0.12 times on the issue’s second and first day, respectively. … Read more
Last Updated:November 08, 2024, 15:14 IST The antitrust investigation against Swiggy and its top rival Zomato began in 2022 after a complaint by National Restaurant Association of India The antitrust investigation against Swiggy and its top rival Zomato began in 2022 An investigation by India’s antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy … Read more
Swiggy has filed its updated draft papers with markets regulator Sebi to raise funds through its much-anticipated Rs 10,000-crore IPO. The launch of Swiggy ‘XL’ fleet comes a day after the company announced the launch of its 10-minute meals and beverages delivery service ‘Bolt’. IPO-bound food tech platform Swiggy on Saturday launched its bulk order … Read more
The primary market will remain abuzz with more than half a dozen companies, including Hyundai Motor India, Swiggy, and NTPC Green Energy, lined up initial public offerings over the next two months to raise around ₹60,000 crore, merchant bankers said. Apart from these three firms, Afcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik … Read more
Such a large embezzlement from a junior employee raises further questions about corporate governance at the firm. (Representative Image) Based on review of the facts discovered during the investigation, “the Group has recorded an expense for the aforementioned amount during the year ended March 31, 2024″ IPO-bound food delivery platform Swiggy has disclosed that a … Read more
New Delhi: Zomato’s rival Swiggy, set for its initial public offering (IPO) posted Rs 2,350 crore in net loss in the last fiscal year (FY24). The online food delivery platform, however, reduced the net loss by 44 per cent, from Rs 4,179 crore in FY23. The company saw its revenue grow 36 per cent to … Read more
Delivery apps today have become an indispensable part of our lives, not just to order meals from restaurants but also to buy groceries and household items. All the major players in this sector are growing and hence, it’s no surprise that these platforms are getting investors and stakeholders in hordes. It has come to light … Read more
