Back in July-end, all knives were out against the loss-making food-tech company. Valuation Guru Aswath Damodaran went ahead to reduce his fair value target on Zomato from Rs Rs 41 per share to Rs 35.32.
Indian Bank raises deposit rates by 15 basis points
Indian Bank managing director Binod Kumar had said earlier that the bank does not have surplus liquidity as it shed Rs 10,000 crore of bulk