Tuesday, February 16, 2021

Sources: Indian conglomerate Tata Group is buying a 68% stake in online grocery delivery service BigBasket for ~$1.3B, valuing the startup at ~$1.85B (Times Now)

Times Now:
Sources: Indian conglomerate Tata Group is buying a 68% stake in online grocery delivery service BigBasket for ~$1.3B, valuing the startup at ~$1.85B  —  Tata's stake will translate into an enterprise value of Rs 13,500 crore for BigBasket, ET Now reported.



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IBM stock fell 25%+ on Tuesday, sinking further than its previous worst day of October 19, 1987, after reporting preliminary Q2 results below estimates (CNBC)

CNBC : IBM stock fell 25%+ on Tuesday, sinking further than its previous worst day of October 19, 1987, after reporting preliminary Q2 re...