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

Indiaretailing Bureau - May 9, 2016

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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The agreement covers bringing five of Marquee's renowned brands—BCBG, Ben Sherman, Bruno Magli, Sur la table and Martha Stewart—to...

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