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The company posted a net loss of $295 million. Stripping out the restructuring charges, Robinhood reported a loss of 32 cents per share versus analyst estimates of a loss of 37 cents per share, according to Refinitiv IBES data.

PayPal, which was among companies that won big during the pandemic, saw shares wipe out over 70% of their market value in a year as e-commerce growth retreated from pandemic-era records.

Zomato stock: Big block deal likely tomorrow

Updated at : 2022-08-03 08:40:03

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A Zomato shareholder is trying to raise $373 million from the block sale.

The sale has been fixed at Rs 48-Rs 54 apiece, a discount of 2.8-13.6% to Tuesday’s closing price of Rs 55.55 on the National Stock Exchange.

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"Prices can touch $90 in two months if the US continues with inflation and low growth and China is unable to find fixes for its economic troubles. Economic woes in these two countries can affect demand," BPCL chairman Arun Kumar Singh told ET in an interview.

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South East UP Power Transmission Company by Resurgent Power Ventures, a JV between Tata Power and ICICI Bank. It had emerged as the highest bidder in February, quoting ₹3,251 crore upfront payment for the stressed transmission asset under insolvency.

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Adani and RIL are planning to set up two compressed biogas (CBG) plants each.

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Market leader Jio was the largest bidder in the 5G airwave auctions which ended on Monday, spending ₹88,078 crore, while Airtel and Vodafone Idea bought airwaves worth ₹43,084 crore and ₹18,799 crore.

The U.S. dollar index, which gauges the currency against six major peers including the yen, was 0.05% higher at 106.50, after rebounding 1% overnight following its slide to a nearly one-month low at 105.03.

Adani Group stocks, Godrej CP, IndiGo, PI Industries, Gujarat Gas, Vodafone Idea, Lupin, Aditya Birla Capital, Devyani International and BASF India are among the companies that will announce their earnings for the quarter ended June 2022.

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