The American mobility service provider raised around ₹3,088 crore or $390 million at nearly 100% profit. In January 2020, Zomato had acquired Uber Eats’ India operations in a non-cash deal, following which Uber received a 9.19% stake in the restaurant discovery platform for around $200 million.
RBI project finance guidelines easier than draft, breather for lenders
The Reserve Bank of India has significantly reduced mandatory provision requirements for commercial real estate and infrastructure projects, offering relief to lenders. These revised guidelines,
June 20, 2025