đź‘€Swiggy IPO to Test India's Appetite for Billion-Dollar Tech Listings
Swiggy’s IPO will gauge India's interest in billion-dollar tech listings as it aims to expand its quick-commerce model, already popular in major cities. With backing from major investors like Prosus and SoftBank, the IPO also highlights India’s rapid digital shift, though profitability in smaller cities remains a question for the long term.
đź‘€Swiggy IPO to Test India's Appetite for Billion-Dollar Tech Listings
Swiggy’s IPO will gauge India's interest in billion-dollar tech listings as it aims to expand its quick-commerce model, already popular in major cities. With backing from major investors like Prosus and SoftBank, the IPO also highlights India’s rapid digital shift, though profitability in smaller cities remains a question for the long term.
The news also helped traders look past another report showing decades-high inflation and shake off some of the volatility from recent sessions. The Bureau of Labor Statistics' February Consumer Price Index (CPI) this week showed another surge in prices even before Russia escalated its attacks in Ukraine. The headline CPI — soaring 7.9% over last year — underscored the sticky inflationary pressures reverberating across the U.S. economy, with everything from groceries to rents and airline fares getting more expensive for everyday consumers. In the past, it was noticed that through bulk SMSes, investors were induced to invest in or purchase the stocks of certain listed companies. Since its launch in 2013, Telegram has grown from a simple messaging app to a broadcast network. Its user base isn’t as vast as WhatsApp’s, and its broadcast platform is a fraction the size of Twitter, but it’s nonetheless showing its use. While Telegram has been embroiled in controversy for much of its life, it has become a vital source of communication during the invasion of Ukraine. But, if all of this is new to you, let us explain, dear friends, what on Earth a Telegram is meant to be, and why you should, or should not, need to care. The account, "War on Fakes," was created on February 24, the same day Russian President Vladimir Putin announced a "special military operation" and troops began invading Ukraine. The page is rife with disinformation, according to The Atlantic Council's Digital Forensic Research Lab, which studies digital extremism and published a report examining the channel. Also in the latest update is the ability for users to create a unique @username from the Settings page, providing others with an easy way to contact them via Search or their t.me/username link without sharing their phone number.
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