ETtech

Swiggy sets price band at Rs 371-390 for Rs 11,327 crore #IPO. Check details The issue comprises a fresh issue of shares amounting to Rs 4,499 crore with an offer for sale (OFS) for 17,50,87,963 equity shares. Read more at: https://lnkd.in/gNu5NUgv

🚨Swiggy sets IPO price band at Rs 371-390 per share ET had reported on Monday that Swiggy would issue shares within this price range. At the upper end, the company’s valuation would reach $11.3 billion. https://lnkd.in/gZQepU7D

Meesho FY24 revenue jumps 33% to Rs 7,615 crore, Esop adjusted loss at Rs 53 crore According to Meesho, its financial improvement was primarily driven by growth in annual transacting users and increased order frequency among existing customers. https://lnkd.in/gxugmGn6

EU to invest $1.5 billion in region's deep tech sector European politicians have targeted tech and the fast-growing artificial intelligence (AI) sector as one of their key priorities in boosting the region's sluggish economy. Read more at: https://lnkd.in/gMddBqD9

Snap Inc. beats revenue and user growth estimates, announces $500 million buyback Revenue in the third quarter ended September 30 grew 15% year-over-year to $1.37 billion, beating the average analyst estimate of $1.36 billion. Read more at: https://lnkd.in/gW36ih9G

Intel set for big drop in quarterly revenue as chipmaker struggles to bounce back Intel Corporation is expected to report an 8% decline in revenue to $13.02 billion. Investors want CEO Pat Gelsinger to provide clarity on his plans to get the company's latest manufacturing technology up and running. Read more on: https://lnkd.in/ghkn8krS

Netflix communications chief and global public policy executives to exit Netflix said on Tuesday that vice president of Global Public Policy Dean Garfield, and chief communications officer Rachel Whetstone are leaving the company. Read more at: https://lnkd.in/g6_ky7b9

Google parent Alphabet beats quarterly revenue estimates Revenue from Google's cloud platform grew to $11.35 billion, beating analysts' estimate of $10.86 billion. Read more at: https://lnkd.in/gn4Kai3c

Incremental work from top clients is a bigger deal for IT Top IT firms saw their top clients’ contribution to their total revenue jumping in the second quarter. Numbers: ■ HCLTech’s top 20 clients that contributed 27.3% of its revenue in Q2 of last fiscal, are now contributing 350 bps (100 basis points is 1%) more currently (at 30.8%) ■  Infosys’ top 10 clients are contributing 100 bps more today  ■ Wipro’s top 10 clients are contributing 230 bps more today (at 22.9%) than what they were contributing (20.6%) in the corresponding period of last year. By Sameer Ranjan Bakshi Read more at: https://lnkd.in/ghxqZpWn

Catwalk goes canine in this festival season pet gala High-income small families and couples in cities fall into an experience-oriented shopper category, seeking customised supplies for their pets. #Petfashion, still in its nascent stage in India, is expected to grow into a Rs 500 crore market within the next five years, Aman Tekriwal, cofounder of Bengaluru-based pet care startup Supertails said. Rashi Narang, founder of pet care brand Heads Up For Tails, noted a significant increase in sales of pet fashion products this festive season, reflecting a growing trend where pet parents are keen to indulge their animals beyond essentials. By Ajay Rag Read more at: https://lnkd.in/gD_FNesf