Zomato, Paytm and PB Fintech among 35 BSE500 constituents rallying over 10% this week

Zomato, Paytm and PB Fintech among 35 BSE500 constituents rallying over 10% this week

NEW DELHI: Key benchmark indices Sensex and Nifty50 rallied in four of five sessions last week, producing a solid 1.4 per cent return each. At least 35 stocks from the broader BSE500 index, which is up for the last seven sessions, delivered double digit returns for the week, with every one of five index constituents … Read more

Uber’s California ballot win on driver pay voided by judge

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A California state judge struck down a voter-approved ballot measure bankrolled by Uber Technologies, Lyft, DoorDash and Instacart that declared drivers for the companies were independent contractors. Proposition 22, which passed in a statewide vote in November, exempts the so-called gig economy businesses from a state labor law requiring more companies to hire workers as … Read more