Zomato Ltd News

Zomato gets Rs 803.4 cr tax demand from authorities, plans to file appeal

Food delivery aggregator Zomato on Thursday said the GST department in Thane has imposed a tax demand of Rs 803.4 crore, including interest and penalty. The demand order has been received in respect of non-payment of GST on delivery charges with interest and penalty thereon, Zomato said in a regulatory filing. The company said it will file an appeal before the appropriate authority as it believes it has a strong case. "... Company has received an order on 12 December 2024 ... for the period 29 October 2019 to 31 March 2022 passed by Joint Commissioner of CGST & Central Excise, Thane Commissionerate, Maharashtra, confirming demand of GST of Rs 401,70,14,706 with interest as applicable and penalty of Rs 401,70,14,706," Zomato stated. "We believe that we have a strong case on merits, which is backed by opinions from our external legal and tax advisors. The company will be filing an appeal against the order before the appropriate authority," it added.

Why are food delivery platforms Swiggy, Zomato shares falling in trade?

Amazon to enter quick commerce after noticing that urban customers increasingly demand quicker delivery of everyday essentials

Zomato share price hits new high, up 27% in one month; m-cap nears Rs 3 trn

At 11:49 am; with Rs 2.91 trillion market-cap Zomato was trading 5% higher at Rs 301.50, as against 0.38% decline in the BSE Sensex.

Food delivery major Zomato raises Rs 8.5K cr via QIP, expansion on menu

Funding was led by Motilal Oswal and ICICI Prudential

Indian stock market could be bottoming out after crash, says Chris Wood

As an investment strategy, Wood has taken exposure in the US-listed online travel company MakeMyTrip in the India long-only portfolio with a 4 per cent weighting

LIC, BSE, Angel One, Adani shares soar up to 9% on F&O entry; Nykaa dips 2%

It was a mixed debut for the new 45 entrants in the derivatives segment as 50 per cent of the shares traded with losses in intra-day deals on the NSE.

Fundraising via QIP hits Rs 1 trillion for the first time ever in history

Meanwhile, Adani Energy Solutions has raised Rs 8,373 crore via QIP in August, making it the largest fundraise in the Indian power sector.

Zomato CEO Deepinder Goyal extends Rs 3.5 cr salary waiver till end of FY26

Zomato CEO Deepinder Goyal extends his Rs 3.5 crore annual salary waiver until FY26, focusing on company growth as Zomato strengthens its position in the competitive quick commerce market

Zomato opens Rs 8,500 cr QIP offering, sets floor price at Rs 265.91

Food delivery aggregator Zomato has approved and authorised the opening of its Qualified Institutional Placement (QIP), setting the floor price at Rs 265.91 per share. The company earlier stated it plans to raise Rs 8,500 crore via the QIP offering. Zomato CEO Deepinder Goyal had shared that the proposed fundraise is meant to strengthen its balance sheet. In a regulatory filing on Monday, the food delivery platform said the Fund Raising Committee of the Board has approved and authorised the opening of the issue. "We further wish to inform you that the 'relevant date' for the purpose of the issue, in terms of Regulation 171(b)(i) of the SEBI ICDR (Issue of Capital and Disclosure Requirements) Regulations, is November 25, 2024...," it said. Accordingly, the floor price, based on the pricing formula as prescribed under Regulation 176(1) of the SEBI ICDR Regulations is Rs 265.91 per equity share, the filing said. "Pursuant to Regulation 176(1) of a special resolution on November 22,

Zomato shares rise over 7% on Sensex entry, replacing JSW Steel

Zomato's Sensex entry follows the stock's inclusion in the futures and options (F&O) segment. Zomato is also expected to be added to several other indices

Zomato rallies 7% on inclusion in BSE Sensex from Dec 23; JSW Steel down 2%

Thus far in the calendar year 2024, Zomato stock price has zoomed 125 per cent, as compared to the 11 per cent rise in the BSE Sensex

Zomato to become part of BSE Sensex, replacing JSW Steel from December 23

Zomato's inclusion in the 30-stock index marks a significant milestone for the company, which has seen an impressive rally over the past year

Zomato's Deepinder Goyal receives 10K applications for chief of staff role

Rs 20 lakh fee was a filter, says Zomato's Goyal

No salary, Rs 20 lakh donation: Zomato CEO's strange job offer stirs debate

Billed as a "learning opportunity", Zomato CEO's recent job posting on X has sparked criticism, raising concerns about inclusivity and modern recruitment practices

To be chief of staff at Zomato, CEO says forget salary, pay Rs 20 lakh fee

Goyal assured candidates that the chief of staff position will come with an annual salary of at least Rs 5 lakh ($60,000) from the second year if things work out

Zomato expects food delivery biz to grow 30% annually over 5 yrs: Executive

Zomato has also been rolling out new features, including scheduled delivery, option to grab canceled orders at discounted prices

Zomato, ATGL, Paytm: Should you buy these stocks as NSE approves F&O entry?

The NSE has approved the addition of 45 new stocks to the F&O; technical chart suggests that these 5 including the likes of Paytm, Zomato and Adani Total Gas can zoom up to 27% from present levels.

Jio Fin, Zomato, Angel One, Paytm rally up to 7% on inclusion in F&O pool

Stock exchanges on Wednesday announced the addition of 45 stocks to the new list of scrips eligible for trading in the F&O segment from November 29.

Swiggy enters the stock market, Zomato shares heartfelt post: 'You and I…'

Zomato shared a social media post featuring a banner announcing Swiggy's listing, the post shows a friendly nod between the two food delivery applications

NSE and Zomato partner to boost financial literacy for delivery workers

The National Stock Exchange of India (NSE) on Tuesday said it has inked a pact with online food delivery platform Zomato to promote financial literacy and investor awareness programmes among the gig economy workers. This partnership aims to launch an extensive financial literacy and investor awareness drive, specifically designed for Zomato's delivery partners, impacting the lives of over 50,000 gig workers across the country, NSE said in a statement. As a part of the pact, fundamental aspects of personal finance management and the basics of investing will be covered. Topics will include budgeting, saving, investing, debt management, and insurance, among others. To ensure accessibility and inclusivity, the programme will be conducted in multiple regional languages, catering to a diverse audience among the gig workforce. "This partnership with Zomato is a significant step in expanding our outreach to a critical segment of the workforce that drives the digital economy. By equipping .