:Shares of Indian food and grocery delivery firm Swiggy rose 2.5 per cent in their trading debut on Wednesday, after its $1.4 billion IPO last week, but pared initial gains on concerns about its path to profitability. The stock listed at 420 rupees ($4.98) on India's National Stock Exchange, compared to its issue price of 390 rupees, before giving up some gains in a broader market that slid after a spike in inflation dampened bets on interest rate cuts. The stock had jumped 7.7 per cent in pre-

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