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Monday, 5 July 2021

Zomato gets Sebi's go-ahead to float Rs 8,250-crore IPO

Zomato, which filed preliminary IPO papers with Sebi in April, obtained its observation on July 2, an update with the regulator showed on Monday.

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Info Edge halves its OFS size in Zomato IPO to Rs 375 crore

Info Edge, a key investor in Zomato has decided to lower the size of its offer for sale (OFS) in the IPO of the food delivery platform.

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Twitter failed to comply with new IT Rules: Centre tells Delhi High Court

The Centre, in an affidavit filed in the high court, said any non-compliance amounts to breach of provisions of IT Rules, leading to Twitter losing its immunity conferred under the IT Act.

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Pataa App that solves India's addressing problem reaches 2.3 million downloads in 7 weeks of launch

Pataa aims to help retail distribution by providing all the necessary details of the customer in one place. It will work towards minimising the call and fuel costs incurred by distribution companies.

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NRAI writes to CCI on deep discounting by Swiggy, Zomato

The restaurant lobby said food discovery and delivery platforms had not taken any steps to alleviate the concerns of restaurants despite numerous discussions between the association and food aggregators

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Paytm said to file draft papers next week for $2.3-billion IPO

The Paytm IPO will see a fresh issuance of shares as well as a secondary offering at an expected valuation of $24 billion to $25 billion, with an option to raise the amount at a later stage if required.

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Hyundai to invest $100 million in battery startup SolidEnergy Systems

"As we have been investing in various companies related to electrification, our investment in SolidEnergy is part of that," an official at Hyundai Motor told Yonhap news agency.

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