Latest Updates Around The World
India’s food and high-speed trading ecosystem is entering a decisive phase, marked by new entrants, deep-pocketed incumbents and increasing investor scrutiny of profitability. Even as a new player filed its draft Red Herring Prospectus (DRHP) this weekend, the sector remains flush with capital, with existing players sitting on nearly ₹40,000 crore of cash. While fundraising […]
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 Inc has registered its first profit rise in five quarters, signaling a turnaround in the corporate profit cycle after a long period of austerity. The upgrade is largely driven by mid- and large-cap companies, even as small-caps continue to be downgraded.In Motilal Oswal’s equity universe, FY2026 earnings after tax (PAT) increased by 2% over […]
Indian equity markets may show renewed cheer on the broader side, but the next decisive step will depend on earnings visibility, currency stability and progress in the India-US trade deal, said Ashi Anand, founder and CEO of IME Capital, who believes that in the near term, markets are likely to remain within a certain range […]
Three mutual funds emerged as the biggest buyers in Swiggy’s Rs 10,000 crore qualified institutional placement, holding more than a third of the total issuance. ICICI Prudential AMC, SBI Mutual Fund and Aditya Birla Sun Life Mutual Fund together picked up shares worth around Rs 3,700 crore during the QIP, according to allotment details.ICICI Prudential […]
Food and grocery delivery company Swiggy has raised Rs 10,000 crore in fresh capital through its qualified institutional placement (QIP), which closed on Friday, according to a filing with the stock exchanges.The Bengaluru-based company launched the QIP on Tuesday and allotted shares to leading domestic mutual funds and global investors at Rs 375 per share, […]
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 […]
Global investors including Singapore’s Temasek Holdings Pte and Capital Group are offering to buy shares in Swiggy Ltd. to buy, according to people familiar with the matter, as the Indian food delivery company looks for fresh funding a year after its market debut.India’s top asset managers including SBI Funds Management Ltd., ICICI Prudential Asset Management […]
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 […]
The sharp fall in the rupee has given India’s IT sector a near-term profit cushion, but analysts caution against assuming a sustained revaluation. According to Sandip Agarwal, principal officer and co-founder of Sowilo Investment Managers, the recent rally in IT stocks is largely a defensive move as investors seek protection from currency volatility rather than […]
