Sat, Nov 23, 2024 3:16 PM
Market capitalisation to GDP: Is the Buffett ratio giving us any signal?
A Flip by Shubhangi Gupta
Zomato's shareholders have approved a proposal to raise up to ₹8,500 crore through a Qualified Institutions Placement to strengthen the company's balance sheet. The fundraising aims to enhance cash balance, which was reduced to ₹10,800 crore due to acquisitions and investments. Zomato's cash balance was reduced by ₹1,726 crore in the previous quarter.
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The deadline to update Aadhaar details online for free is fast approaching — December 14, 2024 after the Unique Identification Authority of India (UIDAI) extended the process period for two months from September 14, 2024. As such, the UIDAI is urging residents to upload Proof of Identity and Proof of Address documents, especially if their Aadhaar was issued 10 years ago and has never been updated.
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Eraaya Lifespaces shares are one of the multibagger stocks that the Indian stock market has delivered in 2024. In YTD time, the share price has risen more than 1700 per cent. The small-cap stock ended on Friday at ₹2,101.10 apiece, logging an intraday rise of more than 2.50%. In five years' time, this multibagger stock has delivered over 27,600 per cent returns to its positional investors.
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