Brokerage firm Ambit has initiated coverage on the recently listed food-tech company Swiggy with a ‘sell’ rating, citing concerns over the company’s competitive position and profitability challenges. Ambit believes that Swiggy is struggling to maintain its earlier dominance and faces
Shares of Varun Beverages, the PepsiCo bottler, saw an uptick on Monday, trading 2.14% higher at Rs 533.25 on the Bombay Stock Exchange (BSE) ahead of its Q1 earnings and interim dividend announcement scheduled for March 30, 2025. By the
Zomato CEO Deepinder Goyal on Saturday strongly dismissed allegations suggesting that the company is losing market share or coercing employees to order exclusively from its platform. His statement came after a Reddit post, allegedly authored by a Zomato employee, went
Jio Platforms Ltd (JPL), the telecom titan under Reliance Jio, delivered a blockbuster performance in Q4 FY25, clocking a remarkable 25.7% jump in net profit to ₹7,022 crore. The profit surge is largely thanks to the telecom tariff hike rolled out in July 2024 —
Reliance Industries Ltd (RIL), India’s most-valued company by market capitalisation, saw its shares slip nearly 1% in Friday’s trading session ahead of its March quarter (Q4 FY25) results. The stock touched an intraday low of ₹1,288 before recovering slightly to
Ola Electric Mobility Ltd issued a formal clarification on Friday following media reports that the Maharashtra Transport Department had moved to shut down over 100 of its showrooms for operating without the required trade certificates. The company stated in an
