ETtech Morning Dispatch on Feb 12, 2021: Swiggy’s war chest against Zomato, Crypto under threat in India
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Good morning,
Before we begin, Koo, the Made-in-India Twitter clone, is already fighting allegations that its app leaks private data of its users. On the plus side, it has new, non-Chinese, investors.
But today’s top story is Swiggy, or rather the giant chunk of change that’s about to land in India from Qatar, Singapore and others. Elsewhere, we take a closer look at the government’s long-and-widely rumoured plan to ban all “private” cryptocurrencies in India while launching its own “public” i.e., state-owned version at the same time. But the difference between “private” and “public” crypto isn’t simply one of ownership. The two are actually two very different things in practice.
Abertis estira su objeto social y se abre a recuperar terreno perdido en las telecos lainformacion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lainformacion.com Daily Mail and Mail on Sunday newspapers.
Wall Street’s Changing Culture
When Genius Failed is likely to be a classical primary authority.
Lowenstein is a deeply professional writer, who reduces the arcane complexities of derivative dealings to lucid prose, and focuses on the crucial components in a confusing complex story. He brings the icy precision of the battlefield surgeon to the deafening chaos of Wall Street conflict. His chilling assessments of such phenomena as the appalling Larry Hilibrand, perhaps the key force at LTCM, a strangely-diminished Alan Greenspan, and the sinister force of Goldman Sachs, are likely to prove definitive.
As a member of the Frank Veneroso/Le Métropole Café circle, and consequently feeling in possession of some first-hand knowledge of the LTCM smash, I found this book stimulating and informative. So also would others with professional involvement. This is not a book to be ignored.
Indigo Paints IPO: How to check share allocation status livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
Indigo Paints raises ₹348 crore from 25 anchor investors
January 20, 2021
The shares were priced at ₹1,490 per piece
Sequoia Capital-backed Indigo Paints Ltd, now the fifth largest in the country in decorative paint industry, has raised ₹348 crore from 25 anchor investors, including the Government of Singapore Investment Corporation (GIC).
Of the total 23.35 lakh shares, GIC bought 4.9 per cent of the shares for ₹16.99 crore, while Fidelity was allotted 4 per cent of the shares for ₹13.99 crore. Goldman Sachs, Nomura, Government Pension Fund Global, Pacific Horizon Investment Trust, HSBC and Stewart picked up 3.9 per cent for ₹13.50 crore each, the company said in a regulatory filing.
Capital Group was the largest investor among foreign institutions, buying 11.5 per cent of the anchor investor portion for ₹39.92 crore. Other Marquee FIIs include Carmignac, White Oak, Matthews, Theleme, Virtus Kar Emerging Markets Small-Cap and Jupiter.