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.
United States
Trump rakes up India tax issue; says would impose reciprocal tax if voted to power
WASHINGTON, D.C. (TIP): Former US president Donald Trump, who is seeking his term, has once again raised the issue of high tax by India on certain American products in particular the iconic Harley-Davidson motorcycles, and […]
Asia
Suicide bomber attacks security convoy in NW Pakistan killing 9 soldiers, says military
PESHAWAR, Pakistan (TIP): A suicide bomber riding on a motorcycle targeted a security convoy in northwest Pakistan on August 31, killing at least nine soldiers and wounding 20 others, the military and three security officials […]
Sports News
2nd ODI: India aim to clinch series with better batting effort
Bridgetown (TIP)– The Indian team will be expected to return to its original batting order as it aims to put up a much-improved show with the bat and take an unassailable lead in the three-match […]
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