Page 92 - Info Edge News Today

Hindalco Industries (₹401.1)Breaks out of rangeSince April 2020, the stock of Hindalco Industries has been rallying very strongly. Though there were intermittent price moderations, the major trend rem

Synopsis With unicorns in its portfolio, Zomato and Policybazaar, preparing for mega public listings, the spotlight is on the success of Info Edge’s unique model. Can the publicly listed company continue its private investment play in the highly competitive venture-capital landscape? A large database of resumes spawns three billion-dollar companies and a venture-capital fund. It is perhaps the most under-celebrated success story in India’s digital-economy landscape. It’s the story of Info...

Cyril Amarchand Mangaldas has advised Indian food delivery app Zomato on its proposed 82.5-billion-rupee ($1.11 billion) IPO on the NSE and BSE, with the lead managers being counselled by Latham & Watkins and IndusLaw.

Top executives of Indian unicorn Zomato stand to make big cash from upcoming IPO Photo: Mint May 3, 2021 The top leadership of Zomato Ltd., which filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI), last week, now stands to make more than ₹786 crore ($106 million), as a part of the firm’s upcoming initial public offering (IPO). The top 10 executives of Zomato are sitting on a cash-pile value of ₹786 million (or over $100 m...

Hi there, new and returning readers. This is The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. We took a week off and now we’re back. Whoop. Let’s catch up on all things transportation. My email inbox is always open. Email me at kirsten.korosec@techcrunch.com to share thoughts, criticisms, opinions or tips. You also can send a direct message to me at Twitter — @kirstenkorosec. Micromobbin’ JOCO, a new d...

A $42-billion joke SUBSCRIBE Thank you for subscribing to Unwrapped Well soon meet in your inbox. / Unwrapped Its Zaheer here. Dogecoin, a cryptocurrency started as a joke in 2013, is currently the world’s seventh-largest digital coin with a market value of over $42 billion. Who’s laughing now? The world’s strangest (and cutest) cryptocurrency In January 2014, the two-man Jamaican bobsled team announced they wouldn’t be able to make it to the Winter Olympics in Sochi as they didn’t ...

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First peek at Indian unicorn Zomato’s key financial ratios ahead of its IPO Photo: Zomato April 29, 2021 Food delivery firm Zomato Ltd has filed a draft red herring prospectus (DRHP) for an initial public offering (IPO) of its shares, enabling a closer look at its financial performance. Most global food delivery businesses have reported a boost in business post-covid. In the case of Zomato, gross order value in the December 2020 quarter has only about inched back to pre-pandemic levels. Bu...

Countries across the world have shown solidarity with India and its citizens — sending medical equipment, ventilators, and oxygen tanks, and concentrators, among other aids in large numbers.

Online food ordering platform Zomato has filed draft papers with the Securities and Exchange Board of India (Sebi) for a Rs 8,250-crore initial public offering (IPO). The share float comprises fresh issue of equity shares worth Rs 7,500 crore and offer for sale worth Rs 750 crore by Info Edge (India) Ltd. At present, Info Edge holds 18.55 per cent in Zomato, while the Alibaba group owns 16.53 per cent of the restaurant aggregator via Alipay and Antfin. On Tuesday, Info Edge had said that it wil...