Zomato is finally going public! Its IPO size will reach 1.1 billion US dollars
The Indian food technology giant Zomato, headquartered in Gurgaon, has submitted a draft prospectus (DRHP) to the market regulator, the Securities and Exchange Board of India, for its initial public offering. According to the prospectus, the size of the IPO is expected to be 82.5 billion rupees (approximately 1.1 billion U.S. dollars), and Zomato plans…
Indian startups and venture capital join hands to solve resource constraints during the pandemic
With the worsening of COVID-19 in India, the startup community is making its own efforts to alleviate the current situation. At present, the biggest problem facing India’s medical infrastructure is the inability to provide oxygen cylinders to patients in time, and the lack of hospital reception capacity. However, the founders of some start-up companies have…
The duration of global crude oil price shocks may further extend due to situations in India
India’s control of the pandemic seems to be unsatisfactory. According to the latest data released by the Indian Ministry of Health, as of 8:00 on April 24, local time, in the past 24 hours, India has newly confirmed 346,786 new cases of COVID-19. A total of 16,610481 cases have been diagnosed. Data shows that this…
Apple’s total quarterly revenue soared 54% year-on-year, revenue in Greater China increased by more than 87%
The technology giant Apple released its 2021 fiscal second quarter report after the US stock market on Wednesday, April 28. In the report, it is mentioned that Apple’s quarterly revenue soared 54% year-on-year to the highest in the same period in history, earnings per share doubled, service and Mac revenue both reached new highs, customized…
Experts: China’s housing prices could usher in an overall decline starting this May
The May Day holiday will be coming in a few days in China. Many experts predict that people will travel in a “retaliatory” manner during the May Day holiday this year. For such an opportunity, home developers will certainly not miss it. For example, some time ago, many developers used the Qingming Holiday to make…
South Korea announced that it will import an additional 15 million eggs to stabilize market supply
Since November last year, a number of highly pathogenic avian influenza outbreaks have occurred in Korean poultry farms, causing the price of eggs to continue to rise. Yesterday, South Korea’s Ministry of Planning and Finance decided to import an additional 15 million eggs this month to stabilize market supply. Eggs are undoubtedly one of the…
Uber India, did it make money, or not?
Due to the raging COVID-19, the global ride-hailing business has been severely impacted. India is no exception. So far, Uber and Ola have not returned to their peak levels before the outbreak of the pandemic. Surprisingly, however, that Uber India has achieved a substantial increase in profits of Rs 7.21 billion in fiscal year 2020.…
Turkey’s cryptocurrency exchange suspends trading, liquidity risks looming
On April 21, local time, the Turkish cryptocurrency exchange THODEX suddenly announced the suspension of trading on its platform, which once again caused a shock in the cryptocurrency circle. On the eve of THODEX’s announcement of the suspension of trading, the Central Bank of Turkey also announced that it is planning to ban the “direct…
The United States has occupied 92% of China’s soybean market, taking away business from Brazil
According to the latest report on April 20, official statistics show that in March this year, US soybean exports to China soared by 320% to a total of 7.18 million tons. While China only imported 7.77 million tons of soybeans in March, the United States took 92.4% of the orders, which can be said to…
OnePlus intends to join the Indian payment market, following Samsung and Xiaomi
Chinese smartphone manufacturer OnePlus may soon launch NFC (Near Field Communication)-based mobile payment and digital wallet services, OnePlus Pay, in India. Currently, the company has filed an application for trademark registration in India. It is reported that OnePlus has submitted an application for the wordmark “OnePlus Pay” on March 30, 2021. The application is currently…
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