Food delivery giant Swiggy has come under the scrutiny of Indian tax authorities, receiving a tax assessment order demanding over Rs. 158 crore in additional taxes for the financial year 2021–22.

ICICI Securities maintains a 'BUY' recommendation on Swiggy, setting a target price of Rs 740, reflecting a 77% potential upside from the current price of Rs 418.

Swiggy shares were facing selling pressure after disappointing quarterly numbers. The stock touched an intraday low at Rs 385 (which also acts as fresh 52-week low).

Swiggy, one of India’s leading food delivery platforms, has come under scrutiny for promoting Yolo247, an offshore betting website, despite explicit government regulations prohibiting the endorseme

Bank of Baroda, PNB, SBI, Canara Bank and IDBI shares were trading 2 percent higher during the early trading session as Public Sector banks were in demand.

Zomato Limited, a leading foodtech company, has raised Rs 8,500 crore through a Qualified Institutional Placement (QIP) of equity shares, marking its first major fundraising since its 2021 IPO.