Synopsis
Goyal says Zomato spent almost one-third the money compared to competition to get here and has been very efficient..
ETtech
Bengaluru | Mumbai:
Zomato, the
first Indian unicorn to list on the bourses last month, will continue to chase growth and build a long-term business, cofounder Deepinder Goyal told ET, undeterred by questions raised on the food-delivery and restaurant-discovery platform’s profitability and eye-popping valuation.
The 38-year-old chief executive said that “life hasn’t changed drastically” after the company raised more than $1 billion from the public markets last month, vaulting it to the top league of publicly traded firms in India.
The AGR calculation row surfaced after the Supreme Court on September 1, 2020, allowed telecom companies to pay their AGR dues to the government in instalments spread over a 10-year period. The Supreme Court on Monday had observed that it had said not just once but twice and thrice that the AGR dues can’t be re-computed, and reserved the order. Read more on this and other top headlines
SC dismisses Vi, Airtel pleas seeking correction of AGR due calculation In a blow to the telecom sector, the Supreme Court on Friday dismissed the petitions of Vodafone Idea and Bharti Airtel seeking correction of alleged errors in calculating the dues linked to adjusted gross revenue (AGR). With an accumulated debt of Rs 1.8 trillion, Vodafone Idea is likely to be the most adversely hit by the court verdict.
Future Group shares slump after Delhi HC puts Future-Reliance deal on hold business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
11 Indian firms make it to Hurun s top 500 list
The total value of these 11 companies grew 14 per cent and has been pegged at $805 billion or nearly a third of the Indian GDP
PTI | January 13, 2021 | Updated 08:00 IST
Total 11 private Indian firms have made it to the list of 500 most valuable companies across the world, and the country is ranked 10th on the chart, according to a report. The total value of these 11 companies grew 14 per cent and has been pegged at $805 billion or nearly a third of the Indian GDP.
All these companies in the list of non-state enterprises have gained in value during 2020, which was hit by the pandemic, barring tobacco major ITC and second largest private sector lender ICICI Bank, as per the Hurun Global 500 report. Mukesh Ambani-led Reliance Industries leads among the local enterprises with a 20.5 per cent jump in valuation to $168.8 billion as of December 1 and is ranked 54th globally, as per the list.