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HSBC brokerage slashes Zomato’s $1bn value by half

HSBC's brokerage arm - HSBC Securities and Capital Markets (India) - has cut the valuation of Zomato. The restaurant search service's valuation was slashed from $1 billion to $500 million. The move comes close on the heels of a valuation downgrade in e-commerce player Flipkart...
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Budget strengthens India’s position as global innovation powerhouse, say startups

Startup Policy Forum (SPF) President and CEO Shweta Rajpal Kohli said the creation of a new Fund of Funds...
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