Swiggy and Zomato have revived talks aimed at a merger, people connected with the development told Tech2, as the two largest food delivery startups in India contemplate cooperation over competition after cut-throat battles to gain market share.Key investors in both companies have held discussions in recent weeks about a possible merger, and the talks are still at a very early stage, sources said. Still, the investors are coming round to the view that combining forces is an attractive option, but the devil could be in the details.“A potential merger is clearly a proposal that interests everyone,” said a person directly connected with the discussions. “There are no timelines yet.”Close Swiggy counts Accel, Naspers and Tencent as its main investors, while Zomato has Infoedge Enterprises, Ant Financial and Sequoia as its marquee financial backers. related news Oil slips to $62 as trade talks between US-China drag on Eureka Forbes IPO in the works as … [Read more...] about Swiggy, Zomato revive merger talks as threat from Amazon, Uber Eats looms
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K RaveendranIt is estimated that bets worth Rs 1,300 crore are placed on every One Day International (ODI) cricket match that the Indian team plays. These estimates cite an example from 2015, when the Indian cricket team played 21 ODI matches. This would mean a total betting amount of about Rs 27,300 crore.A Federation of Indian Chamber of Commerce and Industry (FICCI) report of 2013 put the size of India’s underground betting market size at Rs 3 lakh-crore and lamented that India was losing colossal amounts that should have been available for development, only if betting was regulated and taxed.Close This is the most compulsive argument in favour of legalising betting, which is now engaging the active consideration of the government. The Law Commission of India has produced a report titled Legal Framework: Gambling and Sports Betting Including Cricket in India, on a recommendation from the Supreme Court. related news Financial crunch due to Centre's failure to release … [Read more...] about Policy | Is it time to regulate gambling in India?
Yes Bank share price declined more than 4 percent intraday on November 19 after promoters sold their remaining stake in the private lender.Morgan Credits, Rana Kapoor and YES Capital sold remaining 0.8 percent stake in the company on November 13 and 14, CNBC-TV18 reported.Earlier in this month ace investor Rakesh Jhunjhunwala bought 1.29 crore shares (0.5 percent) at an average price of Rs 67.1 in the private lender through open market transactions.Close At 1514 hours, Yes Bank was quoting at Rs 64.20, down Rs 1.70, or 2.58 percent on the BSE. related news IDBI Bank share price rises 7% on divestment of stake in asset mgmt biz D-Street Buzz: Nifty PSU Bank jumps 4% led by OBC, Syndicate Bank; RIL up 3%, YES Bank drags Accelya Solutions share price jumps 17% on acquisition by Vista Equity Partners The share touched its 52-week high of Rs 285.90 and 52-week low of Rs 29.05 on April 3, 2019 and October 1, 2019, respectively.It is trading 77.56 percent below its 52-week … [Read more...] about Yes Bank share price dips 4% after promoters sells remaining stake
Almost any computer on sale today will come with an embedded Webcam. But how many of us actually use them? advertisement New services that enable video tweets on Twitter might be the democratizing force that drags Webcam use–and by extension, video chat–into its rightful place in the technological pantheon. If you’ve never turned on your built-in webcam, who’s to blame you? They produce unflattering images, and most of us aren’t too keen on staring at ourselves even in the best of lighting. Even though popular chat apps like Google Talk and Apple’s iChat offer video chatting built-in, I don’t know anyone who uses these tools regularly; they’re alternately awkward and surreal. Forward-facing cameras on mobile phones haven’t caught on yet for what I suspect are the same reasons. Vidly may help change all that. It’s a high-def video sharing service that works with Twitter, allowing users to post short clips instead of … [Read more...] about Will Video Tweets Finally Put Our Webcams to Use?
Yes Bank share price ended 2.5 percent lower on November 19 after promoters sold their remaining stake in the private lender.Morgan Credits, Rana Kapoor and YES Capital sold remaining 0.8 percent stake in the company on November 13 and 14, CNBC-TV18 reported.Earlier in this month ace investor Rakesh Jhunjhunwala bought 1.29 crore shares (0.5 percent) at an average price of Rs 67.1 in the private lender through open market transactions.Close Rana Kapoor was holding 3.92 percent and Yes Capital (India) Private Limited was holding 0.80 percent stake in the company, as per BSE shareholding data for the quarter ended September 2019. related news IDBI Bank share price rises 7% on divestment of stake in asset mgmt biz D-Street Buzz: Nifty PSU Bank jumps 4% led by OBC, Syndicate Bank; RIL up 3%, YES Bank drags At close, Yes Bank was at Rs 64.15, down Rs 1.75, or 2.66 percent on the BSE.The share touched its 52-week high of Rs 285.90 and 52-week low of Rs 29.05 on April 3, … [Read more...] about Yes Bank share price dips 2% after promoters sells remaining stake