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Swiggy’s IPO to deliver ₹9,000 crore in employee wealth for 5,000 employees

Nearly 5,000 current and former employees are set to benefit, with around 500 Swiggy employees to enter the ‘crore-pati’ club when the firm makes its stock market debut, according to sources




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Nykaa reports strong Q2 numbers on all-round demand

Its same-day and next-day deliveries are now available in over 110 cities, and the company is strengthening that quick delivery proposition




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HCLTech appoints Arjun A Sethi as Chief Growth Officer for strategic segments

Sethi’s international experience spans the Americas, Middle East, and APAC across government and PE, and financial services




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Pocket




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3M India reports 8% dip in Q2 profit at ₹134 crore, hit by rising costs

Company’s revenue experienced a 7 per cent increase to ₹1,111 crore




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NFRA Board approves revamp proposals on 40 auditing standards

Also approves revised SA600 despite ICAI concerns; NFRA also okays revised auditing standard on ‘Joint Audits’




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Day trading guide for November 13, 2024: Intraday supports, resistances for Nifty50 stocks

Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI



  • Day trading guide

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Stock to sell today: Apollo Tyres (₹471.40): SELL

Apollo Tyres share price can fall to ₹460




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Razorpay launches venture investment program to support early-stage B2B startups

Aimed at startups, the program will offer tech integration, market access, and personalized mentorship




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Mobile display assembly with or without support to attract basic custom duty of 10 per cent: CBIC

The Directorate of Revenue Intelligence recently booked Vivo and Oppo for mis-declaration of certain items




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Apple iPhone exports from India double in boon to PM’s plan

India-made iPhone exports are set to reach $2.5 billion in the 12 months through March 2023, as against $1.3 billion worth exported in the year through March 2022



  • Mobiles & Tablets

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Apple cuts production of iPhone 14 Plus: Report

The company is re-evaluating demand for the mid-range model, the report said




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Union Minister speaks to Apple after reports of iPhone 14 Pro running out of stock

Apple is addressing the surge in demand and supply constraints, Rajeev Chandrasekhar tweeted 



  • Mobiles & Tablets

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Nothing Phone (1): Improved camera, 5G support and ARCore with latest OS version

Nothing Phone (1) and Reliance has already collaborated on Jio True 5G support




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Apple: Rapid security response test on iOS 16.2 beta

Settings has an option to remove the Apple iOS ‘security response’



  • Mobiles & Tablets

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Apple iOS 16.2 brings 5G network support to India

Apple iOS 16.2 brings end-to-end encryption for iCloud data, advanced data protection, and others



  • Mobiles & Tablets

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Samsung adds Galaxy A04 and Galaxy A04e to entry-level portfolio

The Galaxy smartphones come with up to 8GB RAM with RAM and a 50MP Camera 




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Apple to shift 18 per cent of global iPhone production to India by FY25: Report

These estimates are based on targets committed by Apple’s contract manufacturers -- Wistron, Foxconn and Pegatron -- under the production-linked incentive scheme for mobile phones



  • Mobiles & Tablets

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OPPO Reno10 Pro+ review: A picture perfect prodigy? 

The latest photography-focused flagship promises to bring in both style and substance




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Apple's new iPhones get faster chips, better cameras and new charging ports

All the new models will be available in stores from September 22, with pre-orders beginning this Friday




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Apple tech support staff urged to stay mum on iPhone 12 radiation issue

If customers inquire about the French government’s claim that the model exceeds standards for electromagnetic radiation, workers should say they don’t have anything to share, Apple employees have been told



  • Mobiles & Tablets

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Apple reports another record quarter in India driven by iPhone sales

Reports double digit revenue growth in the quarter, Apple shipments cross 10-million mark




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Apple apologises for iPad Pro 'Crush' ad, Ad Age says

The advertisement titled "Crush" has over a million views on Apple's YouTube channel




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Average selling price of smartphones in first quarter in India stagnates for first time in three years: Report

The average selling price of smartphones remained flat YoY and QoQ at $263, ending a rising streak that lasted several quarters, IDC said




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Apple unveils iPhone 16, watch series 10, Airpods 4 and more

The iPhone 16 starts at ₹79,900, the iPhone 16 Plus at ₹89,900, the iPhone 16 Pro at ₹1,19,900, and the iPhone 16 Pro Max starts at ₹1,44,900.




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Apple Glowtime Event 2024: iPhone 16, Apple Watch Series 10, AirPods 4 launched

Apple Intelligence, the tech giant’s proprietary AI interface, finally arrives on the iPhone 16 series. The Watch Series 10 debuts detection of sleep apnea, and introduces new trackers for underwater sports



  • Mobiles & Tablets

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Maharashtra Assembly Polls: Patole`s `Dog` Remark On BJP Sparks Outrage, Party Hits Back

Maharashtra Congress President Nana Patole has sparked a controversy with a provocative "dog" remark directed at the Bharatiya Janata Party (BJP) over its alleged treatment of the OBC community in Akola district.




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Maharashtra Polls Exclusive: `Rs 125 Cr Transferred To 200 Accounts, Withdrawn Overnight`; Deal Done For Muslim Votes?

In today's DNA, the Zee News anchor analysed the transfer of a huge amount of money to 200 Accounts ahead of polls in Maharashtra.




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Maharashtra: Sanjay Raut Questions EC`s Move To Search Uddhav`s Bag; Poll Body Responds

Maharashtra Polls: A war of word has broke out between the both factions of the Shiv Sena over baggage check of Uddhar Thackeray ahead of a rally.




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In Maharashtra Polls, Gavit Family Holds Key To All Four Nandurbar Seat - A Stiff Challenge For BJP, Congress

In Nandurbar district, 70 per cent of the population is tribal and the region has consistently ranked among the lowest in Maharashtra's Human Development Index.




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Bypolls To Four Assembly Seats In Bihar On Wednesday

As per the ECI, approx 5.73 lakh voters are women while 19 are of the third gender.  




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Ahead Of Uttar Pradesh Bypolls, Yogi Adityanath Faces A `Youth` Challenge

UPPCS Protest: Amid the bypolls contest, the Yogi Adityanath government is facing a challenge which the BJP was not anticipating at this time.




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Stage Set For First Phase Of Polling In Jharkhand, Bypolls In Wayanad And 33 Assembly Seats

Priyanka Gandhi is contesting against Left Democratic Front (LDF) candidate Satyan Mokeri and BJP's Navya Haridas in the by-polls. 




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Our ‘beary’ favourite Pooh!




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Jóhann Jóhannsson's powerful music-narrative




po

Why hard fought battles in sport make for compelling viewing





po

Rising prices, lighter pockets, and independence

A few important life lessons amid rising prices




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ACME Solar Holdings IPO enters Day 2 with 0.52 subscription

Retail portion covered fully on Day 1




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Swiggy IPO: Geojit assigns ‘subscribe’ rating; IPO gets lukewarm response

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




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Swiggy IPO: Mehta Equities recommends ‘subscribe’

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.




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Swiggy IPO: Choice Equity Broking assigns ‘subscribe for long term’ despite profitability concerns 

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




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Swiggy IPO: SAMCO Securities alerts investors on profitability concerns

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




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Swiggy IPO subscribed 35% on Day 2

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




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Bajaj Broking issues cautious stance on Swiggy IPO

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




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Market rout deepens: Sensex tanks 783 points, metal stocks under pressure

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




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Swiggy IPO: Motilal Oswal recommends only high-risk investors to subscribe for long-term

Swiggy operates in an oligopoly market: Motilal report




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Fed cuts rates; Powell declares he won’t resign if Trump asks

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%.



  • Money & Banking

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Can Trump remove Fed Chair Powell? Here’s what the law says

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



  • Money & Banking

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Will Swiggy IPO sail through on last day?

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