Page 3 - Eternal Ltd News

Eternal gets GST demand order of ₹3.7 crore with interest, penalty

Eternal, the parent entity of Zomato and Blinkit, has received a goods and services tax (GST) demand order, along with interest and penalty, amounting to Rs 3,69,80,242 for the period April 2019 to March 2020. The order was passed by the Additional Commissioner of State Tax (Appeals), West Bengal. The demand order has been received with respect to short payment of output tax with interest and penalty thereon, Eternal said in a regulatory filing late on Tuesday evening. The company said it believes it has a strong case on merits, and will file an appeal against the order before the appropriate authority. In the regulatory filing, Eternal stated it "has received an order on 6 January 2026 for the period April 2019 to March 2020 passed by Additional Commissioner of State Tax (Appeals), West Bengal confirming demand of GST of Rs 1,92,43,792 with interest of Rs 1,58,12,070 and penalty of Rs 19,24,380".

Swiggy slips 5%, falls below QIP price; why is the stock under pressure?

The stock price of Swiggy was quoting lower for the third straight trading day, falling nearly 8 per cent. The stock has now dropped below the QIP issue price of ₹375 per share.

Zomato terminates nearly 5,000 gig workers a month: Deepinder Goyal

On raising capital, Goyal said the company never gave predictions to investors and instead spoke only about the market size and the opportunity available

'No paid leave or social security': Gig union slams Zomato CEO's claims

Union questioned Zomato's earnings calculations and benefits, saying fuel costs, unpaid leave and limited insurance weakened claims of fair pay in the gig economy

Zomato CEO defends gig model, highlights 10.9% pay raise, job flexibility

Goyal explained that Zomato gig workers earn a steady income, get welfare support, have flexible schedules, and are not pressured by 10-minute delivery promises, countering claims of exploitation

Food delivery, qcom firms raise incentives amid gig workers' strike

Delivery and quick commerce platforms raised per-order payouts and rolled out fresh incentives for December 31, even as gig worker unions called a nationwide strike over pay and conditions

Delhi NCR tops Zomato orders in 2025, outpaces Mumbai and Bengaluru

Zomato's year-end data for 2025 shows Delhi NCR as its busiest market, logging over 40 million more orders than Mumbai and Bengaluru, driven by campuses, festivals and transit hubs

New Year picks 2026: Motilal Oswal Wealth bets on Airtel, SBI, Eternal

New Year picks 2026: Motilal Oswal Wealth Management has picked SBI, Airtel, Biocon, Eternal and others for the upcoming year; check details here

Eternal shares down 25% from record high; what's making the Street nervous?

The stock price of the parent company of food delivery platform Zomato and quick commerce Blinkit, was down 2% at ₹277.10 on Tuesday, trading at its lowest level since July 21, 2025.

Vipin Kapooria quits as Blinkit CFO over a year after joining firm

Vipin Kapooria has resigned as chief financial officer of Blinkit, a little over a year after joining the quick commerce platform, as competition in the segment intensifies

Eternal, Swiggy share prices fall as gig workers' protest roils sentiment

Swiggy share price extended losses to fourth session, while Eterna share price reversed gains on Friday. The share prices were trading 1.77 per cent and 0.53 per cent down, respectively, as of 9:40 a.

Motilal Oswal sees FY26 earnings pick-up; financials, autos lead equities

The brokerage's analysis of its universe of stocks revealed that after a prolonged period of earnings cuts, companies are beginning to report earnings upgrades.

Eternal's Goyal tops Hurun India's 2025 self-made entrepreneurs list

Deepinder Goyal ranks first on the Hurun-IDFC FIRST Top 200 list of self-made entrepreneurs of the millennia, as newer consumer-focused ventures reshape India's wealth hierarchy

JM Financial retains 'Buy' on Eternal as Blinkit growth moderates in Q3FY26

According to JM Financial, Blinkit's net order value (NOV) growth is likely to slow to around 13 per cent Q-o-Q in Q3FY26, compared with 25 per cent and 27 per cent growth in Q1 & Q2, respectively.

Sensex cracks 533 pts, Nifty ends at 25,860; why markets fell today?

Stock Market Today: The BSE Sensex dropped to an intra-day low of 84,684, with Indian Rupee sliding to 91.05 versus the US dollar on Tuesday.

Eternal slips 5% on huge volumes; sharpest intra-day fall in 7 months

With today's 5% fall, the market price of Eternal has corrected 23% from its 52-week high level of ₹368.40 touched on October 16, 2025

Here's what drove Eternal share price higher by 2% on bourses on Dec 11

NSE Sustainability Ratings & Analytics Limited has assigned an ESG Rating of "77" (Rating category - Leader) to the Company for the financial year 2025

Buy Eternal, hold Swiggy: Elara Capital weighs India internet sector

Eternal, with its category leadership and Blinkit's rapid horizontal expansion, is well-positioned to replicate this trend in India, providing high visibility for sustained growth

Eternal infuses ₹600 cr into Blinkit as qcom expansion accelerates

Eternal has invested another ₹600 crore in Blinkit to support expansion and operating needs, marking its third infusion this year as competition in India's quick commerce space intensifies

Explained: How will implementation of the CoSS impact Swiggy, Eternal?

According to JM Financial Institutional Securities, in a worst-case scenario, the amount payable by Eternal and Swiggy towards the fund would work out to around ₹2.1-2.5 per order