Zomato raises $160mn from Tiger Global, Temasek : Bulletin: Business Today
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Zomato raises $160mn from Tiger Global, Temasek

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BusinessToday.In | September 11, 2020

Zomato raises $160 million from Tiger Global, Temasek; plans to go public in 2021
Indian food delivery startup Zomato has raised $160 million from American investment firm Tiger Global Management and Singapore-based Temasek's MacRitchie Investments at a valuation of $3.3 billion. The Gurugram-based company secured funds at a time when the industry has been badly impacted by coronavirus pandemic-led lockdown.
Reliance Industries becomes first Indian company to hit $200 billion market capBillionaire Mukesh Ambani-led Reliance Industries on Thursday became the first Indian company to hit a market capitalisation of $200 billion, helped by strong rally in its share price. The RIL share price has gained 170 per cent since mid-March on the back of surge in investment in its retail and telecom business.
COVID-19 impact: Singapore Airlines to fire 4,300 employees
Singapore Airlines Ltd said on Thursday it would cut 4,300 positions, or around 20% of its staff, due to the debilitating impact of the coronavirus pandemic on demand. The airline said after taking into account a recruitment freeze, natural attrition and voluntary departure schemes, the potential number of staff affected would be reduced to around 2,400 in Singapore and overseas stations.
Loan moratorium: Govt panel to assess interest waiver for bank borrowers
The Ministry of Finance has formed a three-member expert committee to assist government in assessment of providing relief to bank borrowers in these tough times. The decision has come while the Supreme Court is hearing petitions filed by borrowers seeking waiver on interest accrued during loan moratorium.
Happiest Minds 8th most successful IPO in a decade
The public issue of Happiest Minds joined the coveted club of most successful initial public offers (IPOs) since 2008 which crossed a subscription ratio of 100 times. The IPO received an overwhelming response, getting subscribed by 150.98 times on the last day of bidding on Wednesday.
Twitter launches search prompt aimed at suicide prevention in India
Twitter has launched a search-prompt aimed at suicide prevention in India in the times of COVID 19. Its in partnership with National Institute of Mental Health and Neuro-Sciences (NIMHANS) as an extension to the There is Help prompt which was specifically put in place for the public to find clear, credible information on critical issues.
Jane Fraser appointed next Citigroup CEO, first woman to hold this office
Citigroup announced that Jane Fraser would succeed Michael Corbat as the bank's next chief executive, making Fraser the first woman to ever lead a Wall Street bank. Fraser is currently head of Citi's global consumer banking division.

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