Zomato is making headlines once again! The Indian food delivery giant announced plans to raise $1 billion through a qualified institutions placement, marking its first major fundraising effort since its IPO in 2021. This move comes at a crucial time, just weeks ahead of rival Swiggy’s highly anticipated IPO, where it aims to raise $1.4 billion.
Market analysts were surprised by Zomato’s…
India’s largest group of retail distributors is urging the antitrust authority to investigate three popular quick commerce companies—Zomato’s Blinkit, Swiggy, and Zepto. They are concerned about these companies’ alleged predatory pricing practices, which they say threaten traditional retailers.
Quick commerce is taking India by storm, with businesses promising delivery of everything from…
Reliance Industries Ltd announced on September 28, 2024, that the Ministry of Information and Broadcasting has granted approval for the transfer of non-news and current affairs TV channel licenses from Viacom18 Media Private Limited to Disney’s Star India Private Limited. This decision follows an order issued on September 27, 2024, and is subject to conditions set by the Competition Commission…
The Competition Commission of India (CCI) has given the green light to the merger between Reliance Industries and Walt Disney’s Indian media assets, a deal valued at $8.5 billion. This landmark approval moves the two media giants closer to forming a powerful entertainment conglomerate poised to compete with global heavyweights like Amazon, Netflix, and Sony Pictures Networks.
The CCI’s…
