Finance - The Digital Freak

Why Did Swiggy Increase Its Platform Fee Amid High Customer Demand?

29Nov By Lynn JoesphNo Comments

Finance

Why Did Swiggy Increase Its Platform Fee Amid High Customer Demand?

Swiggy, an Indian online food delivery giant, recently raised its platform fee from Rs 2 to Rs 3. As per the report of The Economic Times, Swiggy's confirmed that they are providing a Rs 2 discount once the platform fee reaches Rs 5, which indicates that the fee could rise further in the coming months. Apart from Swiggy, its rival Zomato also levied its platform fee of Rs 3 ahead of the competition and high operation charges. However, customers with a Swiggy One membership can still avail of free food and grocery deliveries after making an upfront payment. It might also affect the market demand and the company's unlisted share price. This blog will discuss why Swiggy increased its platform fee amid high customer demand. Reasons Behind Swiggy's Decision To Increase Platform Fee As...

SEBI Becomes Stricter About IPO: Returns Paper For Six Companies

15May By Lynn JoesphNo Comments

Finance

SEBI Becomes Stricter About IPO: Returns Paper For Six Companies

The Security and Exchange Board in India (SEBI) has become more cautious while giving clearance to initial public offerings of the companies, consequently returning the draft papers of six companies looking forward to launching their IPOs. This write-up investigates the reasons behind SEBI’s stricter approach to IPO clearance. SEBI returned draft papers from six companies, including Lava International, Oravel Stays, Paymate India, Go Digital General Insurance, Fincare Small Finance Bank, and BVG India. These companies seeking IPO clearance had planned to generate a collective amount of Rs.12500 crore through the primary market. As per a PTI report, these companies submitted their DRHP (Draft Red Herring Prospectus) to SEBI between September 2021 to May 2022, and SEBI returned...

10Jun By adminNo Comments

Finance

How Does Refinancing Work?

In simplest terms, refinancing your car means replacing your current car loan with a new one. However, if your credit has improved since you first took out the loan, you could be entitled to a loan with a lower interest rate. Why Refinancing Might Be Right For You There are quite a few reasons everyone should learn how to refinance an auto loan. First, if you bought your car in a hurry or to serve an immediate need, you might not have taken your time loan shopping. Unfortunately, you might not have had the time to compare interest rates from multiple lenders. The more rates you compare, the better your chances of finding a more attractive rate. When refinancing, you will likely have the time to research current loan offerings with greater discernment. Even if you only lower your ...

Leverage – Full Guide for Absolute Beginners

23Jul By adminNo Comments

Finance

Leverage – Full Guide for Absolute Beginners

Have you ever wondered what the term 'leverage' really means? You've heard of it a bunch of times, but somehow you never knew the exact definition of it? Don't worry. You are not the only one. We are here to give you all the necessary information to help you understand leverage in the best possible way. Leverage is an investment strategy where one uses borrowed money, capital of various financial instruments to increase the potential return of their investment. In other words, leverage results from using borrowed capital as a funding source. It happens when investing in expanding the firm's assets and generating returns on capital risk. It refers to the ratio of a company's loan debt (capital) to the value of its ordinary shares. Simply put, it's the amount of debt that one company ...