Uber Technologies is likely to sell a 7.8% stake in Indian food delivery firm Zomato through a $373 million block deal on Wednesday, according to a source familiar with the matter and a document seen by Reuters. The offer size of $373 million was based on the lower end of a 48-54 rupee price range set for the block deal, the document showed. BofA Securities is the sole bookrunner for the deal.
Indian Americans
Indian American Techie Srinivas Kuchibhotla’s killer Adam Purinton pleads guilty to hate crime charges
KANSAS (TIP): Indian American Techie Srinivas Kuchibhotla’s killer Adam Purinton, the navy veteran, has pleaded guilty to federal hate crime charges. Kuchibhotla died in the shooting incident that happened on February 22 last year after […]
United States
San Francisco launches driverless bus service following robotaxi expansion
SAN FRANCISCO (TIP): San Francisco has launched an autonomous shuttle service – less than a week after California regulators approved the expansion of robotaxis despite traffic and safety concerns, AP has reported. The free shuttle […]
Featured
Kashmir will become a developed state, a global state. It will become the pride of India: Ambassador Chakravorty
The Indian Panorama team of chief editor Prof. Indrajit S Saluja and assistant editor Bidisha Roy interviewed Consul General of India Sandeep Chakravorty on August 7, 2019 to elicit his views on certain recent developments […]
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