Abhirup RoySavio Shetty
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The app of Indian food delivery company Zomato is seen on a mobile phone above its logo displayed in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration
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MUMBAI, July 16 (Reuters) - A stock offering by Indian food delivery startup Zomato drew bids worth $46.3 billion as it was more than 38 times oversubscribed on Friday, signalling investors were bullish about the fast-growing sector.
The $1.3 billion IPO of Zomato, which is backed by China s Ant Group (688688.SS), was the first in India s food delivery sector. Itwas priced at 72 to 76 rupees per share, giving it a valuation of up to $7.98 billion. read more
Indian shares closed slightly lower on Friday after the country s central bank kept interest rates unchanged as widely expected and unveiled liquidity support measures, with investors focusing on.
Watch this space: Volatility is bitcoin s main attraction, says enthusiast Reuters 2 hrs ago
April 21 (Reuters) - Bitcoin s volatility is its main attraction and not a bug, as that is what gives the cryptocurrency its exponential rises, ex-Goldman Sachs bitcoin enthusiast Raoul Pal said. People have to learn to adapt to an asset that is that volatile. it has such a big upside risk-reward skew, Pal, founder and CEO of Real Vision, told the Reuters Global Markets Forum on Wednesday.
The Cayman Islands-based former hedge fund manager said he had a diversified crypto assets portfolio to cover exchanges, decentralised finance (DeFi) and community tokens.
Watch this space: Volatility is bitcoin s main attraction, says enthusiast reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
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BENGALURU (Reuters) - Indian shares rose on Wednesday after the central bank kept key interest rates unchanged, as widely expected, to support the economy against the backdrop of a second surge in COVID-19 cases.
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, February 26, 2016. REUTERS/Shailesh Andrade/Files
The Reserve Bank of India (RBI) stuck to its accommodative monetary policy stance amid concerns that rising infections could derail the country’s nascent economic recovery.
The NSE Nifty 50 index rose 1.1% to 14,851 and the S&P BSE Sensex was up 1.2% at 49,765.67 by 0613 GMT.