#853 Daily Money Show | Money Purse Stock Market News

52.8K views · Jul 15, 2024 · 16:49 min · Watch on YouTube ↗

Takeaway

Zomato and Swiggy's 20% platform fee hike is a clean revenue tailwind that should expand nationally.

Summary

Sensex +145 to 80,640; Nifty +84 to 24,586; midcap +0.76%, smallcap +0.32%.
Zomato and Swiggy raised platform fee from Rs 5 to Rs 6 (20% increase) in Bengaluru and Delhi - likely to expand to other cities, positive for revenue.
Platform fee hike is a positive revenue catalyst for both food delivery companies' stocks.
Routine market roundup with multiple corporate updates.

ZomatoSwiggyplatform fee

Original description

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EP -853 
Date - 07-15-2024

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