New-age tech companies in India, despite grand IPOs, are facing a harsh reality in the stock market. Many, including Paytm and Nykaa, have seen their stock prices plummet, highlighting investor concern over profitability. While Zomato has shown a turnaround, upcoming IPO hopeful Swiggy’s path to profitability remains a key concern for potential investors.
Dollar slips as investors eye September Fed cut
The dollar weakened due to tame U.S. inflation data, increasing expectations of a Federal Reserve rate cut next month. President Trump’s attempts to influence the
August 13, 2025