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Home  Business

Business

Zomato dips 5% as Jefferies downgrades firm to ‘hold’

Zomato dips 5% as Jefferies downgrades firm to ‘hold’

  • RBI buys another 8 tonnes of gold in November 2024

    The strategy of holding gold is primarily aimed at hedging against inflation and reducing foreign currency risks, especially in times of uncertainty triggered by geopolitical tensions
  • Sensex, Nifty rebounds in early trade after sharp decline in previous session

    The 30-share BSE benchmark Sensex jumped 422.62 points to 78,387.61 in early trade and NSE Nifty climbed 160.2 points to 23,776.25.
  • Rupee depreciates 7 paise to 85.75 against US dollar in early trade

    The Indian currency, however, capped the fall on the back of some recovery in domestic equity markets and receding crude oil prices overseas
  • Capital Infra Trust garners Rs 703 crore from anchor investors

    The anchor round sees participation from a host of investors such as domestic mutual funds and insurance companies
  • OpenAI CEO Sam Altman says first AI agents may ‘join the workforce’ in 2025, to develop superintelligence

    Says there is still so much to understand, still so much we don’t know, and it’s still so early
  • PM Modi meets Nadella, hails Microsoft’s investment plans in India

    Investment will see Microsoft provide 2 million people with AI skilling opportunities by 2025 through its Advanta(I)ge India initiative
  • Centre mulls over mandatory silver hallmarking after consumer demand

    Pralhad Joshi asks BIS to evaluate the feasibility of mandatory silver hallmarking, following successful gold hallmarking implementation
  • Titan grows at 24% in Q3 amid strong festive demand

    Increased gold prices and wedding purchases aid growth
  • Infosys defers annual salary hike

    Delay indicates that domestic IT sector is still facing uncertainties
  • Former CEO Jagdeep Singh not the highest paid in world, clarifies QuantumScape

    QuantumScape refutes former CEO Jagdeep Singh’s ‘astronomical’ salary, says there is no evidence or factual basis for this claim
  • Standard Glass Lining IPO fully subscribed

    The issue, with a price band of Rs 133-140 per share, will conclude on January 8
  • Vinay Hiremath who sold Loom for $975 million says life has been ‘a haze’

    Rich but have no idea what to do, says the co-founder of the video-communication company in a blog post
  • Indian IT sector set for revival in 2025

    The Fed rate cut is no longer a hope but well underway, inflation appears to be under control, and the US election is behind with the new administration seen as business-friendly, according to the 'India IT Services 2025' report by BNP Paribas India
  • Artificial Intelligence: The third eye revolutionising business strategies

    As AI advances the business world, organisations must plan carefully to balance innovation with human intelligence for long-term growth
  • Global trends, trading activity to drive markets this week, say Analysts

    The Q3 FY25 earnings season will begin this week, with IT giants and leading financial institutions set to announce their results
  • Rewind: The Inevitable Divergences of 2025

    Here are the important macro trends that will shape not just this calendar year but also the entire decade
  • Ather Energy introduces ‘2025 Ather 450’ with increased range, traction control

    The news 450X with a 3.7 kWh battery now offers a range of up to 130 km, with an ideal driving condition (IDC) range of 161 km. Similarly, the Ather 450 Apex delivers an IDC range of 157 km.
  • Biden blocks Nippon Steel’s proposed deal to acquire US Steel, cites national security problem

    Nippon Steel and US Steel blast the decision, say it “reflects a clear violation of due process and the law”, “manipulated” to advance President's political agenda
  • Parental consent now mandatory for children’s data use

    Central government releases draft of Digital Personal Data Protection Rules, which do not mention any penal action for violations
  • DMart: Avenue Supermarts shares shoot up over 15% on quarterly results

    Company reports 17.5 per cent increase in standalone revenue for the third quarter ended December 31, 2024
  • Mammoth size: Indian IT industry valued at $254 billion, employs a massive 5.43 mn people

    According to Grant Thornton Bharat's '2025 Tech Trends Report', Indian tech industry has grown by 3.8 per cent (year-on-year) in FY24
  • Vande Bharat sleeper train hits top speed of 180 km per hour during trials

    Trials to continue till this month-end after which the trains will be made available for long-distance travel by Indian Railways
  • Five mind-blowing smartphones coming in 2025: iPhone 17, Galaxy S25, and more

    The highly anticipated iPhone 17 and Samsung Galaxy S25 Ultra are set to generate major excitement upon release. These innovative devices are expected to introduce new designs, enhanced performance, and groundbreaking features, taking the smartphone experience to a whole new level.
  • Producer Vipul Shah’s Sunshine Pictures files draft paper for IPO

    IPO comprises a total offer size of 83.75 lakh equity shares including a fresh issue of 50 lakh shares
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