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HDFC Securities has initiated coverage on Swiggy, assigning an "Add" rating with a target price of Rs 430, based on the company's strong brand presence and user base. While the brokerage is optimistic about Swiggy's growth potential in quick commerce, it cautions that operational challenges may affect long-term profitability.
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News and Media
The US dollar is gaining strength. This is impacting commodity prices. Gold and oil prices are expected to fall. The US dollar index is at a crucial level. If it crosses this level, the dollar will strengthen further. Oil production in the US is also high. This will keep oil prices stable.
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News and Media
Pakistan International Airlines (PIA) may be sold to a foreign government after the Privatisation Commission rejected a Rs10 billion bid from the Blue World Consortium. The airline is now likely to be sold under a government-to-government agreement, with Qatar or Abu Dhabi considered potential buyers.
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News and Media
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