Briefly: Swiggy shares surge nearly 17% on debut

Shares of food delivery and quick commerce major Swiggy ended with a premium of nearly 17% against the issue price of Rs 390 on Wednesday. The stock listed at Rs 412, reflecting a jump of 5.64% from the issue price on the BSE. Shares of the firm ended at Rs 455.95, up 16.91 per cent. At the NSE, the firm's shares made the market debut at Rs 420, a jump of 7.69%; while the stock ended at Rs 456, up by 16.92%. Swiggy’s market cap crossed Rs 1 lakh crore on the day of listing.

Edible oil imports dipped 3% to 159.6L tonnes in 2023-24

India’s edible oil imports declined by 3.09% to 159.6 lakh tonnes during the 2023-24 oil marketing year (November-October) due to higher production of domestic oilseeds and reduced demand amid rising prices, according to the Solvent Extractors Association of India. The country, which is the world’s largest importer of edible oils, had imported 164.7 lakh tonnes in the previous oil year. In value terms, the imports marginally decreased to Rs 1,31,967 crore.

IndiGo, Air India cancel flights to Bali post volcanic eruption

IndiGo and Air India on Wednesday cancelled their flights to Bali due to ash clouds from a volcanic eruption in the Indonesian island. The Mount Lewotobi Laki Laki volcano located in a remote island in East Nusa Tenggara province erupted earlier this month and has resulted in ash clouds. These clouds could pose a threat to flight operations and as a result, many airlines have cancelled their services to Bali.