Swiggy’s shares rose after the company announced the incorporation of its new subsidiary Swiggy Sports Private Limited, approved by the Ministry of Corporate Affairs. The new entity will engage in sports team ownership, management, and other related activities. Swiggy’s share performance showed fluctuations over the past month.
IT stocks slide up to 6% as Wipro forecasts revenue decline, sparks sector-wide selloff
Wipro’s earnings miss and muted guidance had a ripple effect across the IT sector, dragging down peer stocks. Infosys shares slipped 1.6% ahead of its