Page 51 - Zomato
Ant-backed Zomato's roaring India debut sets pace for internet startups
Shares of Zomato Ltd nearly doubled on Friday in a stellar first listing of local unicorn in India, setting pace for a slew of such debuts by internet-based startups that are thriving during pandemic
 "Ant-backed Zomato's roaring India debut sets pace for internet startups")
Zomato's $1.3 bn IPO to test appetite for India's new tech generation
Investors bragged on Twitter about snagging shares in the startup, yearning for the sort of returns Facebook Inc. and Alibaba Group Holding Ltd. generated
 "Zomato's $1.3 bn IPO to test appetite for India's new tech generation")
After blockbuster listing, what should you do with Zomato stock?
Zomato IPO has opened the doors for new-age tech businesses to tap primary markets. Paytm, PolicyBazaar and Mobikiwik are some other names gearing up to tap the primary maket
 "After blockbuster listing, what should you do with Zomato stock?")
Stocks to watch: Zomato, RIL, SBI Card, Voda Idea, Airtel, BPCL, Biocon
Forty-one companies, including RIL, JSW Steel, SBI Card, YES Bank and Federal Bank will report their quarterly numbers today
 "Stocks to watch: Zomato, RIL, SBI Card, Voda Idea, Airtel, BPCL, Biocon")
Numerous websites briefly go down in widespread outage
Major websites went down in what appeared to be a brief but widespread outage. The websites of Airbnb, AT&T, Costco and Delta showed error messages around midday Eastern time on Thursday. They seemed to be operating normally, however, by 12:45 pm. Akamai, a major behind-the-scenes internet network company, said the disruption lasted about an hour and that it was due to a software update in the system that directs browsers to websites. It said there was no cyberattack. The company said it was reviewing how it updates software to try to prevent outages in the future.
 "Numerous websites briefly go down in widespread outage")
Zomato, Paytm, others face temporary disruption after Akamai outage
Fintech major Paytm had tweeted that "some Paytm services are affected due to global outage at Akamai".
 "Zomato, Paytm, others face temporary disruption after Akamai outage")
Sebi chief hails home listing of tech cos, says markets entering new era
Views follow a stellar response to India's first unicorn IPO by food delivery company Zomato, which was subscribed nearly 40 times
 "Sebi chief hails home listing of tech cos, says markets entering new era")
Zomato to make stock market debut on Friday, four days ahead of schedule
Zomato's listing was initially scheduled for July 27. However, investment banks managed to complete share allotment and listing formalities ahead of deadline
 "Zomato to make stock market debut on Friday, four days ahead of schedule")
Zomato IPO: 28% of applications through UPI route get rejected
Overall, about half a million rejected on technical grounds
 "Zomato IPO: 28% of applications through UPI route get rejected")
Zomato, Paytm, Hotstar, others go down amid widespread internet outage
Internet infrastructure provider Akamai confirmed that it is experiencing a service disruption
 "Zomato, Paytm, Hotstar, others go down amid widespread internet outage")
Top headlines: Zomato market debut on Friday; RBI to launch digital rupee
Business Standard brings you the top news stories of the evening
 "Top headlines: Zomato market debut on Friday; RBI to launch digital rupee")
Zomato IPO share allotment finalised: How to check your application status
In the grey market, Zomato shares are available at a premium of Rs 23, up Rs 2 from its GMP of Rs 21 yesterday
 "Zomato IPO share allotment finalised: How to check your application status")
Zomato raises $1.26 bn in IPO, valuation to reach $8 bn: Report
The company, which is backed by Ant Group, will be valued at up to $8 billion following the IPO which is the first for a food delivery group in India.
 "Zomato raises $1.26 bn in IPO, valuation to reach $8 bn: Report")
Best of BS Opinion: Illegal surveillance, co-operation ministry & more
Here are the best of Business Standard's opinion pieces for Saturday
 "Best of BS Opinion: Illegal surveillance, co-operation ministry & more")
Irrational exuberance over Zomato
Zomato is essentially a "concept stock" because it has neither made profits, nor has issued any guidance on ever getting to profitability, notes Shyamal Majumdar
In IPO season, rupee caught in the middle of global and local pull
Foreign money is pouring into India when the US dollar is gaining strength against emerging markets currencies.
 "In IPO season, rupee caught in the middle of global and local pull")
Goenka's latest swipe at Zomato fuels debate on bumper IPO despite losses
As RPG Enterprises Chairman Harsh Goenka again took to Twitter to take a swipe at Zomato's mega IPO despite platform running into losses, an online debate has erupted
 "Goenka's latest swipe at Zomato fuels debate on bumper IPO despite losses")
Flush with unicorns, India's tech moment to overtake China arrives
India had $6.3 billion of deals for technology startups in the second quarter, while funding to China-based companies dropped 18% from a peak of $27.7 billion in fourth quarter
Top headlines: Reliance Retail buys stake in Just Dial, DoT aid for telcos
Business Standard brings to you the top headlines on Saturday
 "Top headlines: Reliance Retail buys stake in Just Dial, DoT aid for telcos")
Zomato IPO subscribed 38 times, generates demand worth over Rs 2 trillion
Nearly three-fourth of bids came from institutional investors, with QIB portion garnering 52x subscription
 "Zomato IPO subscribed 38 times, generates demand worth over Rs 2 trillion")