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.
Business & Economics
US economy grew just 2% in Q3 as consumer spending slowed: Govt
WASHINGTON (TIP): The US economic expansion slowed dramatically in the third quarter to an annual rate of just two percent as consumer spending moderated amid resurgent Covid-19 infections, the government said on Thursday. The spread […]
NY/NJ/CT
Shikshayatan Cultural Center celebrates 34th Anniversary and Diwali
NEW YORK (TIP): Shikshayatan Cultural Center, a well-known educational and cultural organization celebrated its 34th Anniversary and Diwali on October 29, with great audience, artists, students, and dedicated volunteers under the leadership of Smt. Purnima […]
Sports News
The old and the new: the U.S. Open
There was a time when Pete Sampras’s tally of 14 Grand Slam singles titles — the last of which came at the U.S. Open in 2002 — seemed like the acme of sporting achievement in […]
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