Zomato IPO oversubscribed on Day-1

Food delivery platform Zomato's initial public offering was oversubscribed on the opening day on Wednesday with retail investors bidding for 2.7 times the number of shares reserved for them. The......

Zomato eyes grocery rollout, invests $100 mn in Grofers

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......

Share sales at listed firms gather pace in March

Listed companies have seen equity deals worth Rs 23,500 crore in March. Illustration: Dominic Xavier/Rediff.com March has been a blockbuster month for IPOs. However, listed firms too aren’t......

How to protect investors from stockbrokers

The problem is with the broking model and what brokers are allowed to do, notes Debashis Basu. Illustration: Dominic Xavier/Rediff.com   If you are a retiree and have opened a broking account......