Zomato said that its board approved to enter into share purchase agreement (SPA) with One97 Communication (Paytm), Wasteland Entertainment (WEPL) and Orbgen Technolgies (WEPL) to acquire their entertainment ticketing business.
Posts in category Business Standard
India’s business sector output continues strong growth with 60.5 composite PMI in August (22-08-2024)
The latest HSBC flash PMI survey, compiled by S&P Global, also highlighted a sharp upturn in new business intakes, solid job creation and upbeat expectations towards growth prospects. On the price front, there were softer increases in both input costs and selling prices.
IMF’s Krishnamurthy says Indian economy has potential to touch USD 55 trillion by 2047 (22-08-2024)
Executive director at the International Monetary Fund (IMF) Krishnamurthy Subramanian on Wednesday said that the size of the Indian economy has the potential to touch USD 55 trillion by 2047 if the growth rate in dollar terms remains at 12 per cent. Speaking at a CII event, Subramanian, the former chief economic advisor to the government from 2018 to 2021, said that inflation targetting since 2016 had helped the country average out the rate of price rise to five per cent. Before 2016, the average rate of inflation was 7.5 per cent, he said.
Orient Tech IPO fully booked on Day 1; GMP up 34% today; should you bid? (22-08-2024)
Investors can bid for a minimum of 72 shares and in multiples thereof. Accordingly, the minimum amount required by a retail investor to bid for the Orient Technologies IPO is Rs 14,832
Transformers and Rectifiers hits the roof after bagging export orders worth $16.8 mn (22-08-2024)
Transformers and Rectifiers (India) (TRIL) was locked in 5% upper circuit at Rs 710.45 after the company announced that it has bagged two export orders worth $16.80 million (approximatelty equal to Rs 141 crore).
Colgate stock on a 9-week winning run, up 28%; Can it shine more? (22-08-2024)
Strong Q1 earnings, revival in FMCG sector has propelled Colgate-Palmolive stocks; Technical charts suggests that the bias shall remain favourable as long as the stock holds Rs 3,500.
Nifty above 24,800 level, consumer durables shares rallies for 9th day (22-08-2024)
At 10:30 ST, the barometer index, the S&P BSE Sensex, added 107.68 points or 0.13% to 81,0.14.03. The Nifty 50 index rose 39.70 points or 0.16% to 24,809.03.
Paras Defence hits upper limit on bagging licence to make defence products (22-08-2024)
The uptick in the Paras Defence stock price came after government granted industrial licence to the company for establishing an industrial undertaking for manufacturing defence products.
AWFIS launches new premium workspaces in Bengaluru (22-08-2024)
Located as Awfis Mantri Commerce and Awfis Vista Pixel
One 97 Communication to sell its entertainment ticketing biz to Zomato (22-08-2024)
For consideration of Rs 2048 cr