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Our selection of interesting news and opinion from the day's newspapers.
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If the recent news of HSBC's devaluation of Zomato by half and Flipkart losing bellwether status has been difficult to digest for you, Dominos India ceasing to be a unicorn is definitely going to have you reaching for the antacids. The poster boy of India's food industry and the country’s most loved pizza brand has taken a beating in its stock price, which has plummeted sharply from ₹2000 in Aug 2015 to ₹1000 in June'16, resulting in valuation of just under $1 billion, the benchmark level used to define startups as unicorns.
MUMBAI -- Aggressive expansion by foreign rivals is eating into sales at Yum Brands Inc in India, and there is little letup in sight for its KFC and Pizza Hut restaurants that are struggling to keep p...