Kick-starting the process for LIC disinvestment, the government has invited bids from merchant bankers and legal advisors for advising it on the proposed mega initial public offering.
The tapering of the second wave of the Covid-19 pandemic coupled with aggressive vaccination has brightened the near-term prospects of the Indian economy, though a solid increase in aggregate demand may take some time, said the Reserve Bank of India on the state of economy.
Online food delivery platform Zomato's Rs 9,375 crore initial public offering was oversubscribed 4.8 times on the second day on Thursday as retail investors continued to pour in bids. Zomato got bids for 344.76 crore shares against 71.92 crore shares on offer, stock exchange data showed.
Desperation led to rebooting of the delivery side of the food business, said Gauri Devidayal, co-founder of Food Matters Group, which runs ‘The Table’ in south Mumbai. An ignored part of the business until last year when Covid struck, restaurateurs had resigned deliveries to food tech aggregators.At the latest summit, BRICS leaders unanimously endorsed the New Delhi Declaration, marking a significant step toward a resilient strategic ...
