The San Francisco-based company has poured resources into the operations to lure users with bargain food deals delivered to the doorstep but it's pitted against competitors with powerful investors. Swiggy raised $1 billion in funding in December from investors including South Africa's Naspers Ltd. and China's Tencent Holdings Ltd.
On February 14, Jet Airways' board approved a Bank-Led Provisional Resolution Plan (BLPRP), whereby lenders would become the largest shareholders in the airline.
The report says that these brokers were allegedly involved in illegal forward contracts at the NSEL in contravention of the Forward Contract Regulations Act 1952 (FCRA).
