Food ordering platform Zomato, whose Rs 9,375 crore IPO opens on July 14, is planning to launch a grocery section on its app soon, a senior company official said. The company recently invested USD 100 million (around Rs 745 crore) for acquiring a minority stake in grocery delivery platform Grofers. "It (grocery) is a large opportunity. The online grocery is nascent right now but is growing rapidly not just in India but across the world... "We are actively experimenting in that space and recently invested $100 million for a minority stake in Grofers, with the idea of getting more exposure to that space and building our strategies and plan around that business," Zomato CFO Akshant Goyal said.
"The Prime Minister has been moved this evening [Thursday] from intensive care back to the ward, where he will receive close monitoring during the early phase of his recovery. He is in extremely good spirits," a Downing Street spokesperson said on Thursday.
Joginder Tuteja looks at the lesser known films of these stars.
FSN E-Commerce Ventures, which runs online marketplace for beauty and wellness products Nykaa, has filed preliminary papers with markets regulator Sebi to raise Rs 3,500-4,000 crore through an initial share-sale.
The world's very first space hotel is slated to open in 2027. Named the Voyager Class space station, the hotel will be able to hold up to 400 guests.
Sebi also plans to examine if any comments made by company officials or the bankers could have misled investors.
Billionaire Mukesh Ambani's Reliance Industries is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm. Ambani had in August 2019 announced talks for the sale of a 20 per cent stake in the oil-to-chemicals (O2C) business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to the world's largest oil exporter. The deal was to conclude by March 2020 but has been delayed for reasons not disclosed by either company.
Markets regulator Sebi has kept in abeyance the processing of Go Airlines' draft papers for an initial public offer worth Rs 3,600 crore. Go Airlines (India) Ltd, which has announced rebranding itself as 'Go First', filed preliminary papers for an initial share sale worth Rs 3,600 crore in May. The proceeds will be mainly used to repay dues. The "issuance of observations (has been) kept in abeyance", according to Sebi's latest update on processing status of Go Airlines' draft offer documents. The information was updated on June 25. In Sebi parlance, issuance of observations implies its go-ahead for the IPO.
LIC owns 3.69 per cent of the total listed universe based on available disclosures, the lowest since at least June 2009.
Morgan Stanley expects the central bank to cut rates this week, 125 bps in cuts through 2015.
Given the expectations of growth in the packaged foods segment, the company seeks to become a Rs 1-trillion FMCG business by FY30.
Images from the World Athletics Championships on Sunday, Day 3, in Oregon.
Vishal Kampani has big shoes to fill as his father is close to the Ambanis, the Wadias and the Ruias, says Dev Chatterjee.
The Power Of The Dog and Dune lead the pack while films like King Richard, Belfast and West Side Story grab quite a few noms.
The central bank's next monetary policy review is scheduled for April 5. It had kept the policy rate unchanged in its February meeting on fears of inflation.
India must be prepared for a big, fat fuel import bill in FY23 - barring any further avatars of the Covid virus - as refiners crank up runs, or crude processing rates, to meet the growing demand for fuels, and crude prices soar. Capacity additions by an Indian state-run refiner will reinforce the need for foreign crude. Demand for all fuels is expected to increase by 3-8 per cent next fiscal from 2021-22, reaching pre-pandemic levels, according to analysts and industry experts.
Liverpool's English Premier League title winning captain Jordan Henderson was named England's Footballer of the Year on Friday in the annual vote of the Football Writers' Association (FWA).
The Marylebone Cricket Club (MCC) on Wednesday announced its decision to recommend former Sri Lanka captain Kumar Sangakkara for a second term as president due to the disruptions caused by the coronavirus pandemic. The former wicketkeeper-batsman had became the first non-British President of the club after he assumed office on October 1 last year.
Salman and Katrina were going to shoot a ritzy re-mix of Salman's old hit Oh Oh Jane Jaana.
Morgan Stanley Smith Barney currently is valued at $20 billion on Citigroup's books, which is $ 5 billion more than it is on Morgan Stanley's, the report said citing Credit Suisse's analyst Howard Chen.
Global events will continue to be in the limelight, besides domestic policy.
The Covid-19 vaccine demonstrated an overall 90.4 per cent efficacy in phase 3 clinical trials, reports Sohini Das
The figure is based on the base price of spectrum for the upcoming auction fixed by the TRAI and on the assumption that there will be no bidding war.
Any speculation suggesting otherwise, or any rumours around sale of our business in India are incorrect and simply that -- rumours, says head of the US-based asset manager.
Tyson said he wants to spread word of the benefits of psilocybin as widely as possible, which is why he has partnered with Wesana.
An 18-year-old student from India has been arrested in the United States on charges of rape after he was accused of entering the room of another student and sexually assaulting her.
'We didn't expect the film to be recognised at this level; we focused on making an honest and simple film.' 'We didn't have any expectations even like being appreciated at festivals.'
What matters is the culture and the atmosphere of the workplace, and whether employees get treated fairly. 'It is also important for the employee to feel s/he is part of a winning team,' Credit Suisse's Mickey Doshi tells Niraj Bhatt.
A quick look at the winners of the 94th Annual Academy Awards.
These include increasing the public float in listed companies to 35 per cent from 25 per cent, increasing the minimum statutory limit for FPI investment in a firm from 24 per cent to the sectoral foreign investment, and lowering government holding in listed public sector undertakings.
In 2017, a consortium led by Russian state oil company Rosneft agreed to buy Essar Oil for $12.9 billion in India's biggest foreign acquisition of a homegrown company. Rosneft's buyout of Essar's assets was meant to herald a wave of energy investments in India - over six decades after Esso, Caltex and Shell invested in India's refining sector in the 1950s. But the government has tripped up in its efforts to sell Bharat Petroleum Corporation Ltd (BPCL), formerly Burmah Shell, a blue chip public sector company. Bidders include a couple of global funds and resources firm Vedanta.
When a legendary Bollywood beauty pays you a compliment, you blush.
The report said inflation is expected to remain below 5 per cent over the two years.
Ruchir Sharma and Nandan Nilekani engage in an exciting conversation, with Vaihayasi Pande Daniel listening in. This is a final of a three-part feature.
IIT Roorkee has so far seen the highest domestic salary rise Rs 80 lakh, up by a third from Rs 60 lakh last year.
Ruchir Sharma and Nandan Nilekani engage in an exciting conversation, with Vaihayasi Pande Daniel listening in. This is a second of a three-part feature.
Ruchir Sharma and Nandan Nilekani engage in an exciting conversation, with Vaihayasi Pande Daniel listening in. This is a first of a three-part feature.
Manchester City's Pep Guardiola was named Manager of the Year at a League Managers Association awards ceremony on Tuesday after leading his side to the Premier League title and a host of records.
Dravida Munnetra Kazhagam member Vasanthi Stanley on Wednesday fainted in the Rajya Sabha while shouting slogans on the Sri Lankan Tamil issue, leading to a chaotic situation in the House.
Morgan Stanley, the global financial services company, says India's largest private sector company (by market value) might lose 11 per cent of its earnings per share in 2014-15 earnings estimates if gas prices remain at $4.2 a unit.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances