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.
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Congratulations to ISRO scientists for the historic landing of Chandrayan-3
‘India has made tremendous strides in space exploration by landing the Chandrayaan-3 on the Moon’s south pole. It is a remarkable achievement for the scientific community in India that makes the whole nation proud of […]
Indian American
Indian-American Political Group Announces New Executive Director, commits $10M to Support Community Candidates
PHILADELPHIA, Pa. (TIP): Indian-American political organization IMPACT announced July 28 that public interest lawyer Neil Makhija will be its new Executive Director. The group also announced a $10 million commitment to support Indian American candidates nationwide, […]
Science & Technology
Samsung to re-enter laptop segment in India
Korean electronics major Samsung will re-enter the laptop segment in India this month and aims to capture double-digit market share by the year-end, a senior company official said. Samsung India General Manager and head of […]
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