Bank of America Securities cuts Swiggy, Zomato estimates on prolonged losses in quickcom, stocks slip

Bank of America Securities (BofA Securities) cut investment ratings for Swiggy and Zomato. File | Photo Credit: PTI i Bank of America Securities (BofA Securities) cut investment ratings for Swiggy and Zomato as the profitability of the two quick commerce companies are not expected to improve in the coming year, according to its research note….

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Sensex falls by 728 points, snaps 7-day gaining streak on profit-taking in IT, banking shares

Representative image | Photo Credit: Reuters Stock markets snapped the seven-day winning run on Wednesday (March 26, 2025) with benchmark Sensex tanking 728 points due to profit-taking in banking and IT shares ahead of monthly expiry of derivatives contracts. The 30-share BSE Sensex declined by 728.69 points or 0.93% to settle at 77,288.50 as 25…

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SEBI keeps WeWork India’s IPO in abeyance

Representational image of the WeWork logo | Photo Credit: Reuters SEBI has put the initial public offering (IPO) of premium flexible workspace operator WeWork India Management Ltd in “abeyance”, an update with the markets regulator showed. The Embassy Group-promoted firm, which filed its draft IPO papers on January 31, planned to offer 4.37 crore shares…

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EPFO to integrate UPI, expand pension access, and enhance EPI benefits: Sumita Dawra

Labour and Employment Secretary Sumita Dawra said that stabilising the centralised database will take around two to three weeks, following which the front end for UPI integration will be made ready. File | Photo Credit: The Hindu The Employees’ Provident Fund Organisation (EPFO) is set to introduce UPI integration for claims processing, a move aimed at…

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