Stocks that will see action today: Swiggy, Novaratis, Zydus, Texmaco, Railtel, UPL, Intellect Design, ICICI Pru Life

Food and grocery delivery major Swiggy has shut down Snacc, its standalone 15-minute food delivery app, just a year after piloting the service, signalling a sharper capital allocation strategy amid mounting losses and intensifying competition. Launched as an experiment, Snacc was operational in Bengaluru and Gurugram, but did not scale meaningfully over the past 12 months, according to people aware of the development. The move comes as the quick food delivery space sees rising action from incumbents and new ...