Swiggy shares slipped 4% after Q1 losses doubled, but Jefferies upgraded the stock to ‘Buy’ with a Rs 500 target, citing a likely bottom in profitability. The brokerage expects easing competition and a pause in dark store expansion to aid recovery, though volatility may persist due to Swiggy’s low-margin base and high-risk profile.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.
December 11, 2025