Page 9 - Zomato

In the blink of an eye: Zomato-owned firm Blinkit's quick turnaround

Looking at the numbers revealed as part of Zomato's results, Blinkit is working out better than "just fine". It turned operationally profitable in March, and there is more

Stock Market Highlights, May 14: Sensex rises for 3rd day, gains 328 pts; Nifty tops 22,200

Stock market highlights on May 14: The broader markets, meanwhile, outperformed the frontline indices as the BSE MidCap added 1.14 per cent, and the BSE SmallCap rose 1.8 per cent

Morgan Stanley, CLSA bullish on Zomato after solid Q4, check target prices

On the bourses, Zomato was trading 1.39 per cent lower at Rs 191 per share, at 9:42 AM. By comparison, S&P BSE Sensex was up 0.11 per cent at 72,853.25 levels

Stocks to watch on May 14: Shriram Finance, Zomato, DLF, TCS, Maruti Suzuki

Shriram Finance announced that board has approved the sale of its housing finance subsidiary Shriram Housing Finance to Warburg Pincus for Rs 4,630 crore

Pre-market: Gift Nifty, Q4 results, inflation data in focus on May 14

All you need to know before the market opens on Tuesday, May 14: Gift Nifty hints a gap-up start; Zomato stock to react to Q4 earnings; Key levels to watch out on the Nifty, Bank Nifty.

Zomato Q4 result: PAT Rs 175cr; fourth consecutive quarter of profit

Quick commerce GOV growth outpaces food delivery business

Zomato to surrender RBI licence to operate as online payment aggregator

Food tech major Zomato on Monday said its subsidiary Zomato Payment Pvt Ltd (ZPPL) has decided to voluntarily surrender the certificate of authorisation it obtained from the Reserve Bank to operate as an online payment aggregator. "At Zomato, we do not see ourselves having a significant competitive advantage against the incumbents in the payments space and hence we don't foresee a business in payments space as commercially viable for us, at this stage. "While we were conscious of these developments as they unfolded, the real impact was more apparent as we got closer to putting in place the structure to commence the operations," Zomato said in a regulatory filing. The development comes months after the company received the licence from the central bank to operate as an online payment aggregator, with effect from January 24, 2024. Zomato said the Board of Directors of ZPPL has also decided to withdraw the application dated November 11, 2021 submitted with the RBI to operate as the ..

Zomato seeks approval from shareholders for creation of new ESOP pool

The company said that under the ESOP 2024, it will grant shares of 18.26 crore to the employees of the company

Zomato Q4 results: Consolidated profit at Rs 175 crore, revenue up 73%

Zomato Q4 FY24 results: The company had reported a net loss of Rs 188 crore in Q4 FY23

Zomato Q4 results preview: Analysts expect rise in food delivery revenues

Q4 FY 24 results: Zomato is expected to deliver strong earnings growth in the fourth quarter of the financial year 2023-24

Pre-market: Nifty key levels; Stocks to react to Q4 nos, IIP data on May 13

All you need to know before the market opens on Monday, May 13: Gift Nifty hints gap-down open; India's IIP growth rate slows; Jindal Steel, DLF, UPL and Zomato Q4 results today.

Auditor of Zomato Hyperpure, Blink Commerce resigns with immediate effect

Zomato on Sunday said the auditor of its subsidiaries Zomato Hyperpure and Blink Commerce has resigned with immediate effect, paving the way for the food tech platform's auditor Deloitte Haskins & Sells to be appointed in its place to make the audit process more efficient. Batliboi & Associates, who was appointed as statutory auditors of the two wholly-owned subsidiaries for five years beginning April 1, 2023, till the conclusion of the 13th AGM, resigned w.e.f. May 12, 2024, Zomato said in a regulatory filing. "Further to our various discussions and email dated May 8, 2024, from the Global Controller Finance, Zomato Limited, we understand that the holding company's management wants to align the statutory auditor of the company with the auditors of the holding company responsible for the audit of consol accounts to avoid some duplication and bring some efficiencies in the audit process at group level," Batliboi & Associates stated. In the regulatory filing, Zomato informed

Delhi HC asks Swiggy, Zomato to delist 13 eateries using Domino's trademark

Domino's initiated a lawsuit for trademark infringement against 13 restaurants operating names such as 'Dominic Pizza', 'and Dominek's Pizza', among others

Zomato starts crowd-supported weather infrastructure network: CEO Goyal

Food aggregator Zomato has launched a crowd-supported weather infrastructure network consisting of 650 on-ground stations to provide real-time information on key parameters such as temperature and rainfall, its co-founder and CEO Deepinder Goyal said on Wednesday. The network, weatherunion.com, provides localised, real-time information on key weather parameters such as temperature, humidity, wind speed and rainfall, among others, Goyal said. In a post on micro-blogging platform X, Goyal said that weatherunion.com, which is presently available in 45 large cities, shall be expanded to other Indian cities "very soon". "At Zomato, it was crucial for us to have access to precise and real-time weather information to make the right business decisions to serve our customers better. Hence, we took it upon ourselves to develop a solution capable of empowering us on this front," Goyal stated. He also informed that a lot of Zomato employees have hosted weather stations at their homes. "As we

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Blinkit now more valuable than Zomato's food delivery biz: Goldman Sachs

Zomato currently has a market capitalization of around $20 billion

Blinkit now more valuable than Zomato's food delivery biz: Goldman Sachs

Blinkit, formerly Grofers, was acquired by Zomato in 2022 in a distress sale via an all-stock deal for $568 million

Blinkit more valuable than Zomato's food delivery business: Goldman Sachs

Initially viewed as a daring rescue mission, Zomato's acquisition of Blinkit in 2022 rattled investors, causing a 20 per cent dip in Zomato's share prices

Ordering food from Zomato to get costlier as the company hikes platform fee

Zomato processes somewhere between 2-2.2 million orders daily, suggesting that a Rs 1 increase, from Rs 4 to now Rs 5, could boost the company's quarterly earnings

Zomato faces Rs 11.81 crore GST demand and penalty order, plans to appeal

Facing a GST demand for export services to subsidiaries from July 2017 to March 2021, Zomato plans to challenge the Rs 11.81 crore penalty and demand in appellate court