Latest Updates Around The World
High-speed trading platform Zepto has filed draft papers for its initial public offering (IPO) worth $1.3 billion (about Rs 11,682 crore) with market regulator Securities and Exchange Board of India (Sebi), experts said.ET reported on December 25 that the Aadit Palicha-led company is looking to raise around Rs 11,000 crore in fresh capital, with the […]
India’s benchmark indices Sensex and Nifty closed lower on Friday as investors cut positions near record highs, while thin year-end trading and continued foreign outflows dampened risk appetite. The pullback capped a subdued session marked by light participation and selective selling among index heavyweights.The BSE Sensex fell 367 points or 0.4% to end at 85,041.45, […]
Indian shares closed lower on Tuesday, with the Sensex and Nifty extending their declines for a second straight session, as continued foreign portfolio outflows and a weakening rupee kept investors on edge. Lingering uncertainty over a possible US trade deal contributed to the cautious mood on Dalal Street.The S&P BSE Sensex fell 533 points, or […]
E-commerce enablement platform Shiprocket has filed its updated draft prospectus with capital markets regulator Sebi. The proposed IPO will have a size of up to Rs 2,342 crore and will include a fresh issue of shares worth up to Rs 1,100 crore along with an offer for sale of shares by existing shareholders for an […]
Bank of America Securities has upgraded Swiggy to ‘buy’ from ‘neutral’, saying the company is now “well positioned to strengthen its No. 2 market share in the quick com space” following its recent fundraising and a clearer path to improving margins. The brokerage has increased its target price from Rs 475 to Rs 490.BofA’s call […]
Swiggy’s Rs 10,000 crore qualified institutional placement (QIP) offering opened on Tuesday, December 9, a day after the food delivery and quick-service giant’s shareholders approved the fundraising plan with overwhelming support.In a regulatory filing on December 8, Swiggy announced that the special resolution was passed at the extraordinary general meeting (EGM), with 99.47% of votes […]
Indian shares ended flat on Friday with a negative bias, with the Sensex and Nifty swinging between red and green as investors locked in gains near record levels and weighed expectations of possible rate cuts in both the US and India alongside incoming domestic growth signals.The S&P BSE Sensex fell 13.7 points, or 0.02%, to […]
Food delivery and quick-trading platform Eternal said in a statement on Saturday that the financial impact of the new social security law, which came into effect on Friday, will not harm the company’s long-term prospects. The Deepinder Goyal-founded company added that the exact financial and operational implications will only be known once the rules are […]
India’s food delivery and rapid trading (QC) sectors are entering a new phase of heightened competition after a brief period of rationalization as leading players step up their promotional campaigns and spend to capture market share. However, in contrast to the intense cash burn at the end of FY25, the current cycle is expected to […]
The Indian market ended lower on Friday, with the Sensex and Nifty snapping a six-day winning streak as investors locked in their gains after benchmarks hovered around record highs. The pause followed a rally fueled by optimism about easing global trade tensions and expectations of a recovery in corporate profits. The S&P BSE Sensex fell […]
