Swiggy’s third-quarter revenue is expected to see a sequential improvement, but losses are projected to expand to around Rs 700 crore. Revenues are estimated to rise to Rs 4,035 crore, driven by growth in food delivery and quick commerce segments, despite competitive pressures and aggressive expansion.
Central Bank’s OFS draws 1.28x subscription
The government’s offer to sell its stake in Central Bank of India saw strong investor interest. The two-day issue closed on Monday with an overall