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www.thehindu.com: Today's top business news: Stocks drop, UN predicts Indian economy to contract 5.9% in 2020, Zomato says food delivery sector is showing strong signs of recovery, and more

Read Full Article Here: https://www.thehindu.com/business/businesslive-23-september-2020/article32674277.ece

3:30 PMFood delivery sector showing stronger signs of recovery: ZomatoMore signs of greenshoots in the economy.

It said the global economy will contract by an estimated 4.3% this year, leaving global output by year’s end over $6 trillion short (in current U.S.

“This investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore.

Reliance Retail, a subsidiary of RRVL, operates India’s largest, fastest growing and most profitable retail business serving close to 640 million footfalls across its 12,000 stores nationwide.

The global economy had entered dangerous waters by late 2019 and the growth was slowing across all regions with a number of economies contracting in the final quarter.

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