Riding into the horizon never looked as classy. This new cruiser from Royal Enfield is built to please even enthusiasts

Regulatoir sent show-cause notice for providing advisory services without requisite registration

Retail portion covered fully on Day 1

Swiggy IPO sees slow start amid US election buzz

Apollo Hospitals and Tata Steel up more than 6%, followed by HCL Tech (0.66 per cent), Coal India (0.61 per cent), and TCS (0.46 per cent)

Geojit considers Swiggy’s strong brand recall, diversified offerings, integrated app, rapid scaling, consistent innovation, expansion of dark stores, and promising industry outlook.

According to Rajan Shinde, Research Analyst at Mehta Equities, Swiggy’s market cap to sales ratio of 7.8x appears fairly valued compared to competitor Zomato.

Analysts view Swiggy’s diverse portfolio, encompassing food delivery, grocery services, and restaurant reservations, as a competitive advantage over rivals like Zomato.

Swiggy confronts intense competition from Zomato in the food delivery sector, potentially impacting its market share and customer acquisition costs.

Macrotech Developers acquires Bain Capital’s stake in three joint digital infrastructure platform entities for Rs 307 crore

Swiggy IPO: Retail portion booked 0.84 times, QIBs 0.28 times, NIIs 0.14 times, and employee portion 1.15 times.

While acknowledging Swiggy’s growth potential in hyperlocal commerce, Bajaj Broking cautions investors about ongoing financial risks.

Honasa Consumer Limited trading at ₹386.35 down by ₹1.50 or 0.39 per cent

Metal and technology stocks led the downturn, with Hindalco Industries emerging as the biggest laggard, tumbling 8.00 per cent

Metal and technology stocks led the slide

Swiggy operates in an oligopoly market: Motilal report

TCS will help the airline group transition its critical systems and core business data to the cloud, including flight operations, passenger information, aircraft maintenance, and e-commerce platforms

The collaboration will support EaseMyTrip’s existing co-branded credit and debit card programs with its bank partners, while also paving the way for new co-branded credit card launches

Swiggy’s B2C operations account for 61 per cent of revenue and its B2B supply chain segment contributes a substantial 39 per cent, marking a key distinction from Zomato’s business structure

Project encompasses Corridor 3 from Sholinganallur to Sipcot, and Corridor 5 from Koyambedu to Elcot Park

Experts believe that the markets may consolidate in the near term, with key support levels at 23,800-24,000 for the Nifty 50

Sharekhan

Emkay Global

Damodaran emphasises the importance of accountability, suggesting that the SEBI chairperson report to Parliament biannually

The Federal Open Market Committee, acknowledging the uncertain economic outlook, unanimously cut the federal funds rate to a range of 4.5% to 4.75%.

Trump will have future opportunities to appoint or replace at least one Fed governor and possibly impact other key leadership roles, but the central bank’s independence remains a core principle

Sensex, Nifty updates on November 8, 2024: Indian equity indices ended lower on TFriday, with the Sensex down by 55.47 points at 79,486.32 and the Nifty falling 51.10 points to 24,148.20. Market breadth was negative, with 1,314 shares advancing and 2,475 declining. Sector-wise, IT gained 0.7 per cent, while media, PSU Bank, and metals dropped. Midcap and smallcap indices shed 1 per cent and 1.6 per cent, respectively.

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