Probe Finds Zomato, Swiggy Breached Antitrust Legal guidelines: Report

Probe Finds Zomato, Swiggy Breached Antitrust Legal guidelines: Report

Meals supply giants Swiggy and Zomato have in recent times reshaped how Indians order meals. New Delhi: An investigation by India’s antitrust physique discovered meals supply giants Zomato and SoftBank-backed Swiggy breached competitors legal guidelines, with their enterprise practices favouring restaurant chains listed on their platforms, paperwork present. Zomato entered into “exclusivity contracts” with companions … Read more

Swiggy IPO Sees Muted Response On First Day, Will get Bids For 1.8 Crore Shares

Swiggy IPO Sees Muted Response On First Day, Will get Bids For 1.8 Crore Shares

The problem will shut for bids on November 8. Mumbai: On-line meals supply platform Swiggy noticed a muted response to its Rs 11,327 crore IPO on the primary day of bidding on Wednesday, as brokerages suggested buyers to keep away from the IPO till the corporate’s monetary efficiency and progress outlook enhance. The IPO acquired … Read more