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Zomato Shares Fall Nearly 7 Percent After Reports of Uber Stake Sale
Zomato shares fell up to 6.8 percent on Wednesday, in their biggest drop in more than a week. The fall came a day after reports said that Uber Technologies planned to sell its entire stake in the Indian food delivery firm. Uber and Zomato did not immediately respond to Reuters requests for comment.
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Uber Said to Be Looking to Sell 7.8 Percent Stake in Zomato in $373 Million Block Deal on August 3: DetailsÂ
Uber could sell a 7.8 percent stake in food delivery firm Zomato, according to a document seen by Reuters. The offer size of $373 million (roughly Rs. 2,900 crore) is said to be based on the lower end of a Rs. 48 – Rs. 54 price range set for the block deal. On Monday, it was reported that Zomato is considering reorganising its management to have ...
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Jio, Airtel Ready to Buy Pan-India 5G Spectrum, VIL Uncertain: Report
Reliance Jio and Bharti Airtel are in a position to buy pan-India 5G spectrum but uncertainty remains around Vodafone Idea's bids for the radiowaves, according to a BofA Securities report released on Monday.
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Cryptocurrency Has Become 'Too Large to Ignore', Says New Research Report by Bank of America
Titled Digital Assets Primer: Only the First Inning, the report shows a detailed analysis of the current budding stage of the blockchain technology, while acknowledging the growth of the crypto sector.
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India to Have 9 Crore 4G Customers by FY 2018: Report
The report by Bank of America Merrill Lynch (BofA ML) adds the country will have 18 crore 4G phones by the time.
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Bank of America to pay $772 million for illegal credit-card actions
Bank of America will pay $772 million over illegal credit-card practices that lured consumers into signing up for added products and services, US regulators said today.
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Wall Street analysts like, don't love, Facebook
Morgan Stanley and other brokerages were positive about Facebook's long term potential.
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Zomato Shares Fall Nearly 7 Percent After Reports of Uber Stake Sale
Zomato shares fell up to 6.8 percent on Wednesday, in their biggest drop in more than a week. The fall came a day after reports said that Uber Technologies planned to sell its entire stake in the Indian food delivery firm. Uber and Zomato did not immediately respond to Reuters requests for comment.
-
Uber Said to Be Looking to Sell 7.8 Percent Stake in Zomato in $373 Million Block Deal on August 3: DetailsÂ
Uber could sell a 7.8 percent stake in food delivery firm Zomato, according to a document seen by Reuters. The offer size of $373 million (roughly Rs. 2,900 crore) is said to be based on the lower end of a Rs. 48 – Rs. 54 price range set for the block deal. On Monday, it was reported that Zomato is considering reorganising its management to have ...
-
Jio, Airtel Ready to Buy Pan-India 5G Spectrum, VIL Uncertain: Report
Reliance Jio and Bharti Airtel are in a position to buy pan-India 5G spectrum but uncertainty remains around Vodafone Idea's bids for the radiowaves, according to a BofA Securities report released on Monday.
-
Cryptocurrency Has Become 'Too Large to Ignore', Says New Research Report by Bank of America
Titled Digital Assets Primer: Only the First Inning, the report shows a detailed analysis of the current budding stage of the blockchain technology, while acknowledging the growth of the crypto sector.
-
India to Have 9 Crore 4G Customers by FY 2018: Report
The report by Bank of America Merrill Lynch (BofA ML) adds the country will have 18 crore 4G phones by the time.
-
Bank of America to pay $772 million for illegal credit-card actions
Bank of America will pay $772 million over illegal credit-card practices that lured consumers into signing up for added products and services, US regulators said today.
-
Wall Street analysts like, don't love, Facebook
Morgan Stanley and other brokerages were positive about Facebook's long term potential.
