Zomato: Zomato falls 6% as Street cautious on Blinkit buyout

[ad_1] MUMBAI: Shares of the food delivery platform fell 6.4% on Monday as analysts remained cautious about the company’s takeover. blinkit, a quick delivery service firm. Market participants worry that the $165 million per year cash burn for Blinkit will further delay Zomato’s road to profitability. “Given the intense competitive intensity in the QuickCommerce space, we believe that the path to profitability post the Zomato Group acquisition can be extended by at least one year from FY25 to FY26,” said Swapnil Potdukhe, Analyst Told , Volatile market environment, relatively cheap…

Sensex rises: Sensex rises, but rupee falls: Could this be a sign of appreciation of the currency?

[ad_1] After hitting a 52-week low of 15,183.40 on June 17, nifty Bounced back last week and closed near 15,700. Looking at the growth indices, we believe it is a good entry point for long term investors if they make strategic investments. It is imperative that investors choose sectors with high growth potential. Is Indian Rupee really falling? It would be wrong to say that the Indian rupee is falling. Instead, we have to consider that the US dollar is appreciating. About a year ago, the US dollar trading index…

US Stocks: Dow Falls as S&P 500, Intel Slide

[ad_1] The Dow and the S&P 500 indexes slid in choppy trading on Wednesday, after a bearish brokerage report dented Intel shares, while the Nasdaq gained gains in Tesla and Apple. Eight of the 11 major S&P sectors were lower, with industry, real estate and consumer staples down between 0.7% and 0.9%, respectively.Intel fell 3.8% and was the biggest drag on blue-chip and benchmark indexes after analysts at Citi Research cautioned that the chipmaker could pre-declare weaker-than-expected earnings for the second quarter. Altria, which was also a major pressure on…

15 feared dead after bus falls into gorge in Uttarakhand

[ad_1] At least 15 people are feared dead when a bus carrying pilgrims fell into a gorge on Sunday, officials said. He said the bus was carrying over 30 passengers to Yamunotri. Senior officials including Uttarkashi District Magistrate Abhishek Ruhela have reached the spot. ️Uttarakhand️Uttarakhand On this @pushkardhami Talk to Mr. to remain stable. NDRF is there quickly. , Amit Shah (@Amit Shah) 5 June 2022 Officials said 15 passengers were feared dead. Further information is awaited. required for this test. God is on top at his feet… — pushkar…