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Zomato invests $20 million to acquire minority stakes in AdOnMo, UrbanPiper
Food delivery unicorn Zomato has signed definitive documents to acquire minority stakes in two start-ups — UrbanPiper and AdOnMo — for an aggregate value of $20 million, according to the company’s latest filing with the BSE. The restaurant aggregator said it will invest $5 million in UrbanPiper for a 5% stake ...
SC gives 3 weeks to SpiceJet to resolve financial issues with Credit Suisse AG
The Supreme Court on Friday stayed for three weeks the Madras High Court’s December order directing winding up of SpiceJet for non-payment of unpaid dues of $24.01 million to Swiss stock corporation Credit Suisse AG. The high court had stayed the operation of its order, including the publication of the winding-up ...
Budget 2022: Need of pro-growth provisions, says Nilesh Shah
Budget 2022: Need of pro-growth provisions, says Nilesh ShahPowered by WPeMatico
How budget can give a booster shot to agri sector
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Half of newly-listed firms fall below listing price
By Yoosef KP The S&P BSE IPO Index, which tracks new companies for two years after their listings, has come off 10.6% so far in 2022, against the Sensex’ year-to-date loss of 1.8%. The BSE IPO index has yielded negative returns only five instances over the past 29 months through December ...
No conflict of interest in Google deal, says Airtel CEO
Bharti Airtel chief executive Gopal Vittal on Friday said there is no conflict of interest in the telco’s device and cloud partnerships with Google, which also has developed an affordable smartphone in a tie up with rival carrier Reliance Jio Infocomm (Jio).“As far as the question on conflict of interest ...
Budget 2022: Need of pro-growth provisions, says Nilesh Shah
Tech deals to boost telcos’ digital revenues
Big-ticket tech deals such as Google’s investments in Bharti Airtel and Reliance Jio are set to hasten the digital transformation of telcos and drive the next wave of revenue growth from diverse digital service offerings, analysts and senior industry executives say.Such deals, they said, will boost telco revenue flows from ...