Nykaa is anticipated to record an 11% YoY increase in its fashion revenue while Zomato is expected to have outperformed the majority of QSRs
North Indian cuisine dominates on Zomato with almost around 25 per cent contribution to both orders and gross merchendise value
Stocks to Watch on Thursday: JSW Steel will replace HDFC in the S&P BSE Sensex effective from July 13. Moreover, Zomato will replace the stock in S&P BSE 100 index
Online food delivery firm Zomato Ltd on Friday introduced an open data analysis platform for food trends aimed to help its restaurant partners in taking a data-driven approach on prices, dishes and location. Zomato Food Trends is an open platform accessible to the general public free of charge and it will "provide insights by analysing data from millions of transactions across hundreds of cities in India", the company said in a statement. "Restaurant partners can use these insights to customise their strategies and undertake data-driven decisions to accelerate and amplify their success," it added. It has been introduced with "an aim to support both current and budding restaurant partners in taking a data-driven approach towards decision making", the company said. The food trends platform allows its restaurant partners to view demand and supply gaps that have been zoomed in to a locality level, price distribution and demand trends for different dishes or cuisines, and demand-supply
In its annual report earlier this week, Prosus - Swiggy's biggest investor with a 33 per cent stake in the company - indicated that Swiggy's losses jumped 80 per cent year-on-year (YoY) between Jan 1-
The feature, introduced as part of its latest app update, will help users to build carts from up to four restaurants
As a part of the partnership, TVS will develop electricity-powered two-wheelers which will be used by Zomato delivery personnel
While these platforms have helped increase the demand, their high commission rates eat into restaurants' profits
The shares will be sold in small tranches in the open market and not through block deals
Life Insurance Corporation of India (LIC), Kotak Mahindra Bank, Indian Oil Corporation, Hero MotoCorp, Hindustan Aeronautics were the most sold
The National Commission for Scheduled Castes (NCSC) has issued a notice to restaurant aggregator Zomato over a controversial ad which showed actor Aditya Lakhia, who played the Dalit character Kachra in the film "Lagaan", as items made of recycled waste. The NCSC also asked the Delhi Police commissioner and the resident grievance officer of YouTube to investigate the matter. The ad, which draws a link between the character Kachra with 'kachra', the Hindi word for garbage, was aired on World Environment Day on June 5. In the nearly two-minute ad, Lakhia is depicted as a lamp, paper, paperweight, watering can, and different types of jackets -- the accompanying text detailing how much recycled 'kachra' was used to make each item. In its notice, the commission sought an explanation from Zomato over the ad and its details. It asked the Delhi Police commissioner as well as the resident grievance officer of YouTube to investigate the matter and submit an action taken report immediately .
A government panel has now announced that it will investigate the matter and has also issued a notice to Zomato founder Deepinder Goyal
ONDC's majority of retail orders come from the food and beverage category, with a small amount coming from the grocery category
Zomato reported better-than-expected operating performance in the March quarter (Q4FY23)
Analysts said that there is a renewed interest in new-age companies like Zomato because of the jump in revenues and a clearer path to profitability
On June 5, Zomato released an ad depicting the actor who played the Dalit character 'Kachra' as items made of recycled waste
Apologising for unintentionally hurting sentiments, restaurant aggregator Zomato on Thursday withdrew an ad after it came under fire for depicting the actor who played the Dalit character Kachra in the film "Lagaan" as items made of recycled waste. The ad, which draws a link between the character Kachra with 'kachra', the Hindi word for garbage, was aired on World Environment Day on June 5. As ire grew and the ad came under attack on social media for being casteist, the company issued an apology from its official Twitter handle and said the intent was to "spread awareness about the potential of plastic waste and benefits of recycling in a humorous way". "Unintentionally, we may have hurt the sentiments of certain communities and individuals. We have taken down the video," it said. The ad, aiming to show the food delivery company's recycling efforts, was termed "disgusting", "blatantly casteist", and "extremely insensitive" by netizens on Twitter. "Masaan" director Neeraj Ghaywan, .
To build AI-based products, Zomato has also made plans to employ engineers for data science, machine learning, and NLP
The new Chairperson, Ravneet Kaur, along with other members, is expected to take up the matter in their meeting soon, along with several other pending cases against Big Tech companies
Removal of non-F&O stocks could lead to addition/subtraction of 11 stocks, triggering a Rs 5,000-crore churn