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Want Your PlayStation 5 Delivered In 10 Mins? It's Possible Only In India, Thanks To A Quick-Delivery Service Startup
Friday, April 5, 2024 - 4:05am | 339This story was first published on the Benzinga India portal. Blinkit, the rapid delivery subsidiary of popular Indian food delivery platform Zomato, is revolutionizing how Sony's (NYSE: SONY) PlayStation 5 reaches its eager audience. Imagine craving the latest gaming console and having it...
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Are Low Interest Rates A Must For Tech Growth? Raoul Pal Says India Shows Otherwise
Tuesday, October 11, 2022 - 7:55am | 719Former Goldman Sachs executive and macroeconomic expert Raoul Pal has raised an interesting argument about how Indian growth tech companies are expanding significantly in a higher interest rate environment as compared to the U.S. There is a puzzle in trying to figure out....
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Why Alibaba, Uber-Backed Zomato's Stock Is Nosediving Today
Monday, July 25, 2022 - 2:19am | 297Shares of Indian food-delivery firm Zomato plunged 14% in intra-day trade on Monday touching as low as INR 46 per share, thereby, wiping out over $125 million in investor wealth. The Fall: The plunge in the stock price commenced as the mandatory one-year lock-in period for promoters, employees...
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Don't Go Buying Every Stock That Is Down 40-50%, Warns Prominent Indian Investment Banker
Wednesday, April 6, 2022 - 5:23am | 543Despite the subdued global cues from the foreign markets, the Indian stock market has given a pretty decent return of almost 13% to investors in the past month. However, Hemang Jani, the equity strategist & senior group VP of Motilal Oswal Financial Services — an Indian...
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Alibaba-Backed Unicorn That Acquired Uber Eats India Opens 53% Higher After $1.3B IPO
Friday, July 23, 2021 - 4:30am | 320Alibaba Group Holding Limited (NYSE: BABA)-backed Indian food delivery startup Zomato Ltd made a strong debut on the stock market Friday, with its shares opening nearly 53% higher. What Happened: Zomato’s shares opened at INR 116 ($1.57) per share on the National Stock Exchange of India...