54 companies plan to raise Rs 1.4 trillion in FY23 after 52 Indian corporates raised an all-time high Rs 1.11 trillion through initial public offers (IPOs) in FY22, Prime Database report said
He said food delivery persons can reach the destination within 10 minutes only by 'driving rashly and dangerously'
Market sentiment, inadequate data and unsustainable unit economics are stacked against the acquisition plan and 10-minute food delivery.
Zomato's investment in Mukunda has come amid the food delivery's announcement to launch a 10-minute delivery service
CLOSING BELL: Dr Reddy's Labs (up nearly 5 per cent) was the top Nifty gainer today, followed by Coal India, Hindalco, Cipla, NTPC, JSW Steel, Tech M, and RIL
Pandemic disrupted the markets' dream run and led to loss of lakhs of jobs in the informal sector. But it also gave rise to jobs in the gig economy. Find out more about this sector and its workers
3 govt officials with direct knowledge of the decision say the plan had been put on hold as govt believes there's enough depth in local capital markets for firms to raise funds and get good valuations
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Post demerger, GMR Power and Urban Infra, the non-airport business company of the GMR Group, will start trading on BSE and NSE from Wednesday onwards.
Zomato on Monday promised to deliver food within ten minutes of ordering, arguably becoming the first company in the world to do so. So, what does it mean for the food delivery ecosystem?
Restaurants are, at the moment, averse to the 10-minute delivery plan
Online food delivery platform Zomato was on Tuesday forced to clarify over the road safety of its delivery partners as its plans to start instant 10-minute food delivery faced backlash on social media. Zomato founder Deepinder Goyal, who had on Monday announced the company's plans to start a pilot of 'Zomato Instant' with four stations in Gurugram from next month, took to social media to clarify that there are no penalties for late deliveries and no incentives for on-time deliveries for both 10-minute and 30-minute deliveries. The 10-minute delivery will be for specific nearby locations, popular and standardised menu only, he said in a series of tweets. He was responding to criticism directed to the company over its plans of starting instant deliveries as it would put the delivery partners at risk on the roads. In a post on Twitter, Congress Lok Sabha MP Karti P Chidambaram said, "This is absurd! It's going to put undue pressure on the delivery personnel, who are not employees & ..
Food-delivery giant Zomato Ltd is facing a backlash on social media for its plans to roll out a 10-minute food service
Wipro will be in focus as the company's board will meet on March 25 to consider an interim dividend.
To pilot service in Gurugram next month
'Nobody in the world has so far delivered hot and fresh food in under 10 minutes at scale, and we were eager to be the first to create this category, globally,' says Deepinder Goyal
Online food-delivery platform Zomato is set to take over Blinkit -- which pioneered the 10-minute grocery delivery as Grofers. And it's a win-win deal for both. Find out more about the proposed merger
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The board of Zomato also approved acquisition of 16.66 per cent equity in Mukunda Foods for a consideration of $5 million.
Auto stocks too could be in limelight as the government shortlisted 75 firms under its PLI scheme for the sector.