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Swiggy, Zomato to collect 5% GST on deliveries; food not to get dearer
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Swiggy, Zomato to collect 5% GST on deliveries, food not to get dearer
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Swiggy, Zomato to collect 5% GST on deliveries, food not to get dearer
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Sensex crosses 50,000-mark on Thursday; Markets upbeat after Biden swearing-in
Amid several concerns raised over the successful IPO of Zomato which has been running in losses, SEBI Chairman Ajay Tyagi on Thursday said that recent public offerings show the maturity of the Indian market that is accepting the business model of new age tech companies, which may not be valued through the conventional parameters of profitability.
Addressing NISM s Second Annual Capital Markets Conference, he said that successful IPOs of such companies are likely to attract more funds in domestic markets, creating a new ecosystem of entrepreneurs and investors.
Noting that along with robust growth, it is heartening to note that Indian markets are entering a new era with several new age tech companies preferring to list domestically, he said: Recent filings and public offerings reflect the maturity of our market to accept the business model of new age tech companies, which aren t amenable to valuation th
Zomato Makes Stellar Debut On Bourses But Experts Are Divided About Its Valuation
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