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.
Travel
Masinagudi: An enchanting hill station
Masinagudi is a quaint hill station located just a 1-hour drive away from Ooty. The Mudumalai National Park is the highlight here and is popular amongst visitors. Masinagudi is considered one of the most perfect […]
Featured
Movies 2018
By Mabel Pais The Insult “Compelling ….Rich with feelings that transcend the sprawling national backdrop.” Eric Kohn, IndieWire The Insult by Lebanese director Ziad (“The Attack”) Doueiri’s gripping political drama, is short-listed for the 2018 […]
United States
Trump calls for bipartisanship even as he sticks to his avowed agenda in State of the Union address
Immigration, border wall, infrastructure, strong military among priorities WASHINGTON DC (TIP): In his lengthy State of the Union address on January 30 night, Trump doubled down on themes which he has embraced since his campaign […]
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