Rapido overtakes Uber on user count, extends rideshare lead
Rapido has expanded its lead in rideshare, reporting a larger user base than peer Uber. The shift follows Uber CEO Dara Khosrowshahi’s recent remark that Rapido has replaced Ola as Uber’s prime rival. Market watchers will track engagement and competitive responses.
GST, tax cuts may lift mood; earnings bar still high: Vetri Subramaniam
Vetri Subramaniam said possible GST and tax cuts could buoy market sentiment in the near term. However, he cautioned that the tougher test for equities is corporate earnings delivery, urging investors to prioritise fundamentals over policy-driven momentum.
IDBI Bank moves NCLT against Zee over Rs 225 crore default
IDBI Bank has filed an insolvency application against Zee Entertainment Enterprises Ltd, citing a Rs 225 crore default. The media firm disclosed that the move was made under Section 7 of the Insolvency and Bankruptcy Code at the Mumbai bench of the National Company Law Tribunal.
Bengal tourists stranded in Nepal to return in couple of days: CM
CM Mamata Banerjee has assured that tourists from West Bengal stranded in violence-hit parts of Nepal will be brought back in a couple of days. Nepal has imposed nationwide restrictive orders and a curfew to quell possible violence, affecting movement.