A group of investors have accused Zomato of not making timely disclosures regarding its acquisition of Blinkit last week in a complaint to the Securities and Exchange Board of India (SEBI), Economic Times (ET) reported. The complaint alleged that the failure of timely disclosure by Zomato* resulted in losses for the investors who would have been better prepared otherwise, the report continued. https://twitter.com/anuragsingh_as/status/1541993578871889920 Why it matters: Zomato has been looking to gain a foothold in quick commerce for a while now and Blinkit is critical to its plan. The acquisition, however, did not cheer up investors as demonstrated by the free fall witnessed by the company’s stock price since the announcement. The investors and analysts worry that Zomato may find it difficult to turn a profit, thereby affecting its bottom line, in a category with cutthroat competition. What was the reason behind…
- Centre may replace DPA with a grievance redressal mechanism in new privacy Bill August 19, 2022
- India’s I&B ministry blocks eight YouTube channels for ‘spreading fake news’ August 18, 2022
- Delhi police’s reply to IFF RTI shows FRT may worsen religious-bias in policing August 18, 2022
- Attend Our Briefing: Impact Of The Competition Bill On Startups August 18, 2022
- TLDR: Assam internet block, India G24, TikTok, Twitter, Big Tech, drones for healthcare, more August 18, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...