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SWIGGY STOCK DOWNTURN
Swiggy back to square one as stock sinks 36% from peak, returns to IPO price. What's ahead?Swiggy's stock has fallen 36% from its peak, returning nearly to its IPO price of Rs 390. Despite a 54% revenue jump, the company's net los...- Nifty Internet index outperforms peers with 19% returns since Feb launch. Is the dotcom boom here to stay?The Nifty India Internet Index has shown impressive growth since its inception in February, outperforming the Nifty 50 and many sectoral in...
- New-age firms' Monday blues; Juspay's near-unicorn roundThe global stock market carnage has come for India’s freshly-listed new-age tech firms. This and more in today’s ETtech Top 5.
- IT, banks to lead next phase of market rally: Religare’s Ravi SinghThe IT and banking sectors are poised to drive the next market rally, supported by strong Q3 earnings, favorable valuations, and policy tai...
- Indian market braces for expiry of $4 billion of IPO lock-insLock-in expiries on $4 billion of newly listed Indian shares added pressure to a stock market already down $1 trillion since December. Weak...
- Asian Paints shares slide 5% after weak Q3 results. Should you buy, sell, or hold?Asian Paints share price: Asian Paints shares fell 5% after a 23% decline in Q3 net profit. The company faced weak demand and lower operati...
- D-Street's IPO boom is defying the market’s historical slumpWhile last year’s impressive rally in Indian shares has lost momentum, with the Nifty 50 experiencing its worst monthly losing streak since...
- Swiggy shares tumble 5% to drop below IPO priceSwiggy's stock extended its losing streak, falling 5% on Tuesday after dropping 2.7% on Friday and 8.6% on Monday. Over six sessions, the s...
- Rajeev Misra set to leave SoftBank; group clocks profits from successful Indian IPOsRajeev Misra, 62, played a critical role in raising the Vision Fund, the largest pool of private capital that disrupted technology investin...
- Urban stress continues to pull down growth for consumer goods firmsConsumer goods companies like Parle, Dabur, and Tata Consumer report a recovery in rural demand for essentials, contrasting with urban area...
- More cost cuts at Indian startups as funding plummets; LazyPay, Kissht hit by Govt app banFaced with a severe fund crunch, big and small startups are now shedding non-core businesses as part of further steps to cut costs. While i...
- Amazon to cut over 18,000 jobs; consumers in no hurry for quicker grocery deliveriesEcommerce giant Amazon has resorted to another round of mass layoffs in a bid to cut costs. CEO Andy Jassy, in a statement to staff, said t...
- China’s iPhone City on edgeThe Zhengzhou factory – which reportedly had 120,000 workers in 2012 and more than 200,000 as of this month – is sometimes referred to as i...
- Companies need to show 2-3 quarters of profitability before IPOs now: Accel’s Shekhar KiraniShekhar Kirani, who bagged the Midas Touch Award for best investor at The Economic Times Startup Awards 2022, said companies must show prof...
- ET Startup Awards 2022: It is D-day for the best and the brightestA star-studded jury will pick winners of India’s most coveted prize for entrepreneurial excellence today
- SoftBank India head Sumer Juneja gets larger role, to also oversee Europe, Middle EastSoftBank Vision Fund’s managing partner Sumer Juneja and India head has been given the additional responsibility of overseeing Europe, the ...
- Delhivery CEO says ‘no conflict’ between growth, profits, Mensa spreads its wingsDelhivery said on Monday that its revenue in the March quarter more than doubled from last year to Rs 2,071 crore, while net profit remaine...
- Tech’s biggest losers in 2022What’s different this time is the companies getting battered are market leaders in their categories, not recent upstarts looking to cash in...
- Zerodha’s revenue & profits soar; Tata Neu’s tech fix; and CoinDCX’s valuation doublesZerodha’s cofounder Nithin Kamath spoke to ETtech exclusively and gave us a lowdown on the latest financials at the country’s largest onlin...
- Can Zomato's global ambitions survive investor concerns?Zomato lists about 1.4 million restaurants across 10,000 cities in 22 countries and plans to add at least eight more geographies by the end...
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