Just two weeks after outbidding a slew of national and international competitors to win bids to privatise,upgrade and maintain all six airports up for grabs, Adani Enterprises will have to wait at least till the conclusion of the Lok Sabha elections to finalise being awarded the contract because the Narendra Modi led government has decided not to take Cabinet approval for these bids, which is a necessity. The government’s decision to defer this was perhaps to do with the fact that they did not want another political controversy so close to the elections. HSBC Global Research has valued food delivery app Zomato at a whopping 3.6 billion $, which helps it surpass the valuation of its fierce rival Swiggy. Zomato has changed its business fundamentally, now focussing on food delivery. Zomato Gold, its premium membership programme is also set to be a revenue generator. We take a look at other aspects of Zomato and where the Indian food delivery market is currently placed.
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