Zomato to file IPO in April, raise $650 million : Bulletin: Business Today
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Zomato to file IPO in April, raise $650 million

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Shailendra Shukla | March 20, 2021

Zomato to file IPO in April, raise $650 million

Zomato is planning to file the draft red herring prospectus for its initial public offering in April. In the works for a long time, the issue could help the Indian food delivery platform raise $650 million. The Deepinder Goyal-led company could complete the listing in Mumbai before the end of September, Bloomberg reported while quoting sources in the know. Deliberations are underway and the details of the IPO, like issue size and timeline might change, the report further said.

Govt has taken steps to address issue of pollution in Delhi: Javadekar

The government has taken a number of steps to address the issue of air pollution in Delhi, Union Environment Minister Prakash Javadekar said on Friday, and took a jibe at the AAP dispensation for taking credit for the work done by the Centre. Responding to a question on pollution in the national capital during the Question Hour in Lok Sabha, Javadekar said air pollution in Delhi is the "most serious problem", and noted that the air quality along the Indo-Gangetic belt is poor.

Moody's Analytics sees India's GDP growth at 12% in 2021

After contracting by 7.1 per cent in 2020, India's gross domestic product (GDP) is likely to grow 12 per cent in 2021 as near-term prospects have turned more favourable, Moody's Analytics said. Hit by the COVID-19 pandemic and the subsequent nationwide lockdown to control the spread of infections, Indian economy contracted by 24.4 per cent in April-June 2020 and 7.3 per cent in July-September quarter of the year. However, GDP growth returned to positive territory in October-December quarter, rising by 0.4 per cent.

Maharashtra issues fresh COVID-19 curbs; private offices, theatres to operate at 50% capacity

The Maharashtra government on Friday, issued new COVID-19-related restrictions for theatres, private offices, and auditoriums. The announcement was made in the wake of rising coronavirus cases in the state. The fresh guidelines will be applicable until March 31. As per the Maharashtra government directive, all theatres and auditoriums will be permitted to operate at 50% capacity and people will not be allowed to enter without wearing proper facemasks. Similarly, private offices can also function with 50% staff. The health and essential services are excluded from these directives.

Delhi COVID-19 vaccination centres to remain open till 9pm from March 22

The Delhi government has said that vaccination centres would remain open till 9 pm, starting March 22. The official order was shared in a tweet by Delhi Health Minister Satyendar Jain on Friday. Adequate manpower would be deployed to ensure the smooth functioning of the vaccine centres. The official order also stated that non-compliance 'shall be viewed seriously'.

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