Keep valuation realistic: CII to startups
In its message to Indian Startups, the Confederation of Indian Industry (CII) asked them to keep their valuation realistic and distinguish between the organization's and its founder's goals.
In its message to Indian Startups, the Confederation of Indian Industry (CII) asked them to keep their valuation realistic and distinguish between the organization's and its founder's goals.
A collective surge in market valuation among six of the top -10 most valued companies was recorded last week amounting to a notable increase of Rs 1,30,734.57 crore.
According to a recent report, as many as 448 infrastructure projects, each entailing an investment of Rs 150 crore or above, were hit by a cost overrun of more than Rs 5.55 trillion during December quarter 2023.
At close, Sensex was down 609.28 points, or 0.82%, at 73,730.16. Meanwhile, Nifty opened higher at 22,620.40 and touched a low of 22,419.90 in intraday trades.
In 2022, Zomato had acquired Blinkit for $568 million but since then, on the back of improved performance, the latter’s implied valuation has grown to a staggering $13 billion, according to analysts at Goldman Sachs.
Inflation is expected to remain above the Reserve Bank of India's target level of 4 per cent over the forecast period due to strong economic activity, Majumdar said.
Natarajan is an acknowledged techno-business leader in the insurance and retirement industry, having spent over 25 years with Cognizant, serving clients in the US, the company said.
The Reserve Bank of India (RBI) on Thursday cautioned the public against Prepaid Payment Instruments issued by unauthorised entities.
The report, released on Thursday, also said that going forward robust foreign inflows and comfortable trade deficits are expected to keep the rupee within a comfortable range.
The extension was made considering the representations received by CBDT requesting for further extension of due date, and with a view to avoid genuine hardships to taxpayers.