BofA downgrades Zomato and Swiggy, cites slowing growth, high competition

BofA downgrades Zomato and Swiggy, cites slowing growth, high competition

Follow Us on Google News Mumbai, March 26 (IANS) Bank of America (BofA) has downgraded its ratings on Zomato and Swiggy, citing concerns over slowing growth in food delivery and rising competition in quick commerce. The brokerage has lowered Zomato’s rating from ‘buy’ to ‘neutral’ and Swiggy’s from ‘buy’ to ‘underperform’. Along with the downgrade, … Read more

Actor Jagadish at 70: The ‘poor man’s superstar’ shows no signs of slowing down

Thiruvananthapuram, Jan 30 (IANS) Time may fly for most, but for actor Jagadish — the college professor-turned-leading Malayalam star — it seems to have slowed down. As he approaches his 70th birthday in a few months, Jagadish continues to thrive in a remarkable acting career spanning 41 years. With a string of hits in 2024, … Read more

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