Swiggy gets one step closer to $1.25 bn IPO

Shareholders’ nod to raise $450 mn via fresh issue, $800 mn via OFS Photograph: PTI Photo from the Rediff Archives Food delivery major Swiggy has received approval from its shareholders for......

The Mystery of ZEE and DIIs

Why are DIIs holding such a high stake in Zee, which is beset with alleged governance issues?Perhaps they think Zee is a deep-value stock, observes Debashis Basu. Photograph: Kind courtesy ZEE5......

'Premium valuations a big challenge for markets'

'The reason being we cannot let premiums go beyond a certain point.' Illustration: Uttam Ghosh/Rediff.com Equity valuations are unlikely to expand further unless there are surprises on the......

Invesco agrees to Zee-Sony deal; not to seek Goenka's ouster

Investment firm Invesco Developing Markets Fund, the largest shareholder in Zee Entertainment Enterprises, on Thursday said it will support the Zee-Sony merger deal and has decided not to pursue......