💨 Abstract
Swiggy's $1.4 billion IPO was oversubscribed three times on Friday, with strong institutional investor demand. However, analysts predict a muted stock market debut due to broader market weakness and concerns about profitability. Despite narrowing annual losses, Swiggy remains loss-making, while rival Zomato has turned a profit.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
Suggested
Munde deliberately sidelined BJP workers during LS polls: NCP (SP) candidate Deshmukh
Green crackers used during Chhath celebrations in Kolkata help reduce noise and air pollution
Forex kitty drops by USD 2.67 bn to USD 682.13 bn
Tea industry harps on quality improvement to boost consumption
Congress lost its leaders in Naxal attack, Baghel reminds BJP
Lokpal seeks SEBI chief's 'explanation' on complaints of 'impropriety, conflict of interest'
NCPA to begin five-month season of its off-campus initiative of live public performances
Panel on Bangladeshi immigrants: Jharkhand govt asserts no demographic change
No greater feeling than serving those in need: Outgoing CJI D Y Chandrachud
Cong leaders carry copy of Constitution but support Article 370, says Union minister Paatil
Powered by MessengerX.io