Swiggy, the food delivery giant, launched its IPO last week. The IPO saw a decent subscription rate. However, market analysts observed subdued sentiments due to the company’s financial performance. Despite revenue growth, Swiggy continues to face losses. Experts advise caution and a long-term perspective for potential investors. The company plans to utilize the IPO proceeds for expansion and technological advancements.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction