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GLOBAL DASH FOR CASH
Sarvam’s unicorn raise; Big exits in new IPOsHappy Tuesday! Sarvam has vaulted into the unicorn club after a fresh funding round. This and more in today’s ETtech Morning Dispatch.- Global Market Today: Asian stocks pare gains, oil climbs on Iran attack reportAsian stocks saw gains moderate as US strikes in Iran overshadowed optimism for a potential deal. Crude oil advanced, reversing earlier dec...
- Pizza Hut's AI system promised 30-minute delivery, now it's facing 45-minute waits and a $100M lawsuit insteadPizza Hut's new AI system, Dragontail, has led to a major lawsuit. A large franchisee claims the technology backfired, causing delivery del...
- US stock market today: Dow Jones crashing today while the Nasdaq and S&P 500 hitting record highsThe Dow Jones is crashing as Nasdaq and S&P 500 hit record highs amid AI stock surge. The U.S. stock market today looks confusing at first ...
- Global Market | Investors make a dash for cash as Iran crisis upends marketsEscalating Middle East conflict sent global markets into a tailspin Tuesday, with cash emerging as the undisputed king. Investors dumped go...
- India gives Starbucks a stronger blend of opportunityStarbucks India is expanding its presence with new stores and innovative products. The company is focusing on growth in the Indian market, ...
- Wealth Quote of the Day by Stanley Tang, “Success comes down to hard work plus passion, over time.” Why the DoorDash co-founder believes relentless effort and long-term focus turn challenges into lasting wealthWealth Quote of the Day by Stanley Tang, “Success comes down to hard work plus passion, over time.” Stanley Tang, DoorDash cofounder and bi...
- Rich Dad Poor Dad author Robert Kiyosaki says Bitcoin slump won’t sway him, bets on “The Big Print” boosting gold, silver, cryptoRobert Kiyosaki says he isn’t selling Bitcoin or other assets despite market volatility, calling the downturn a global dash for cash. He ex...
- DoorDash finalises its $3.9 billion acquisition of UK's DeliverooDoorDash completed its acquisition of Deliveroo. The deal cost four billion dollars. This expands DoorDash operations into Europe, Asia, an...
- Cooking up a deal: DoorDash's Europe push is fraught with challengesDoorDash is making a significant push into Europe with the $3.9 billion acquisition of Deliveroo, expanding its reach to 40 countries. Mean...
- DoorDash is on a $5 billion buying spree after earnings beatIn a bold global expansion move, DoorDash announced $5.1 billion in acquisitions—UK-based Deliveroo and tech firm SevenRooms—while posting ...
- Tata Starbucks opens 1st Reserve store in IndiaTata Starbucks, which currently operates 300 stores across 36 cities in India and is an arm of Tata Consumer Products, has added 32 stores ...
- Currency in use at record 14.5% of GDP amid 'dash to cash'The post-pandemic increase in currency in circulation has been a global phenomenon, described as a ‘dash to cash’ under extreme uncertainty...
- Zomato closes $250 million funding round at $5.4 billion valuationZomato has benefited from a revival in the online food ordering sector after a few tough months last year due to the nationwide lockdown, i...
- Zomato set to close $500 million pre-IPO funding roundWith the fresh capital, Zomato is expected to have a valuation of $5.5 billion and $1 billion in cash as it inches closer to an initial pub...
- Currency in circulation up by Rs 5 lakh crore in 2020Currency in circulation (CIC) went up by a record Rs 5 lakh crore in 2020 as Indians joined the global dash for cash in the wake of the Cov...
- Global fund managers sit on highest cash since 9/11 attacksAllocation to global equities slumped 29 percentage points to 27% MoM, to the lowest since March 2009.
- Precious metals take virus hit: Should you buy gold now?Investors should look at the history of 2008 crash where the same situation was playing out.
- Market crash brings back 2008 memories: BofA surveyCash holdings in March surged to an average 5.1 per cent, just shy of the 5.5 per cent seen during the 2008 financial crisis.
- Stock market slumps, but overseas investors step in to limit the lossThe Sensex fell 0.59%, or 155.89 points, to end at 26,236.87, while the broader Nifty declined 0.50%, or 41.10, to close at 8,102.05.
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