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Zomato may buy UberEats as food delivery space heats up
The local online food delivery market is estimated to touch .53 billion by 2023, according to estimates by DataLabs by Inc42.Food delivery player Zomato is closing in on UberEats’ India business, sources familiar with the development…
Apollo Hospitals Enterprise Rating Buy: Prospects for company’s growth strong
Given strong growth visibility, we raise our Ebitda estimates by 7%/4%, but reduce EPS by 9%/8% for FY20/21 given higher tax rates.Apollo Hospitals (APHS) has emerged as the largest Indian private hospital player (~10,200 total bed…
Yes Bank, director spar: Bank says RBI asked it to review Agarwal’s fit and proper status
On Tuesday, Yes Bank had said it is “willing to favourably consider” a 0-million offer from Citax Holdings even as a .2-billion offer from Erwin Singh Braich and SPGP Holdings remains under discussion.By Shritama Bose, Malini Bhupta…
Quality private banks continue to outperform; HDFC Bank and ICICI Bank are top picks
The main problem is banks don’t want to lend.There is a severe credit squeeze in the economy: Credit growth at 7% is at multi-year low levels (excluding the one-off demonetisation phase). The main problem is banks don’t want to lend. We…
Boeing’s ousted CEO Dennis Muilenburg departs with $62 million, even without severance pay
Boeing said in November Muilenburg had volunteered to give up his 2019 bonus and stock awards. (Reuters photo)Boeing Co’s ousted chief executive officer, Dennis Muilenburg, is leaving the company with $62 million in compensation and…
Gem and Jewellery Domestic Council seeks reduction in import duty on gold
Tax rate for body corporate with annual revenue of less than Rs 250 crore a year was reduced to 25% from 30% in the last budget.The All India Gem and Jewellery Domestic Council (GJC) has sought immediate reduction in import duty on gold,…