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Zomato

Zomato Fee Hike Analysis: Will It Change Your Food Ordering Habits?"

Zomato Fee Hike Analysis: Will It Change Your Food Ordering Habits?"

Tue, Jan 02, 2024

Zomato increased platform fees, at some places platform fees were increased from ₹3 to ₹4, Zomato's fees increased, how much impact? Will Zomato benefit from increasing fees or not?

Zomato Food Delivery to OYO Rooms: A Year-End Ordering Odyssey!

Zomato Food Delivery to OYO Rooms: A Year-End Ordering Odyssey!

Mon, Jan 01, 2024

Huge jump in orders and bookings from Zomato to OYO on the last day of 2023, most orders for delivery through more than 3.2 lakh delivery partners came from Maharashtra, 37% increase in OYO bookings, neither hill station nor beach.. People looking for places to stay near Ram temple

Zomato Shares Dip as GST Authorities Issue Rs 402 Crore Show-Cause Notice

Zomato Shares Dip as GST Authorities Issue Rs 402 Crore Show-Cause Notice

Thu, Dec 28, 2023

Zomato shares fell 2% on Dec 28 following a Rs 402 crore show-cause notice from GST authorities regarding alleged unpaid taxes on delivery charges. The company claims it's not liable, citing delivery partners as service providers. Zomato plans to contest the notice but acknowledges the substantial amount in question, over 10 times its recent quarterly profit.

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Zomato Shares Rise Post Shiprocket Acquisition Denial | Stock Market News

Zomato Shares Rise Post Shiprocket Acquisition Denial | Stock Market News

Fri, Dec 22, 2023

Zomato clarifies it has no plans for a $2 billion acquisition of Shiprocket, responding to recent media reports. The denial led to a rise in Zomato's share price on Friday, reaching close to its 52-week high. While Jefferies maintains a "buy" rating with a Rs 165 target, they consider the acquisition unlikely due to Zomato's current focus on its core business and Quick Commerce operations.

Zomato Shares Hit 52-Week High – Check What Brokerages Recommend | Stock Market News

Zomato Shares Hit 52-Week High – Check What Brokerages Recommend | Stock Market News

Mon, Nov 06, 2023

Zomato shares hit a fresh 52-week high on Monday, November 6, after CLSA upgraded the food aggregator and delivery company to outperform from buy rating. The brokerage cited acceleration in gross order value (GOV) and improvement in profitability as reasons for the upgrade. Zomato reported Rs 36 crore as net profit in Q2 FY24, against Rs 251 crore loss in Q2 FY23. GOV grew 20% YoY in food delivery and 86% in quick commerce in Q2 FY24. Monthly transacting customers (MTC) and use frequency also increased.

Zomato Shares Zoom 2% On Reports Of Softbank Offloading 1.1% Stake | Zomato Stock Analysis

Zomato Shares Zoom 2% On Reports Of Softbank Offloading 1.1% Stake | Zomato Stock Analysis

Fri, Oct 20, 2023

Zomato shares soared over 2% on Friday, October 20, touching a high of Rs 114.35. The stock was in focus as around 9.27 crore equity shares changed hands in the pre-open session. According to reports, SVF Growth Fund is likely to offload a 1.1% stake in the online food delivery major. Zomato has been on a tear in recent months, with its stock price jumping over 87% since January.

Zomato Shares Soar as Swiggy Delivery Workers Strike in Mumbai | Stock Market News

Zomato Shares Soar as Swiggy Delivery Workers Strike in Mumbai | Stock Market News

Tue, Oct 10, 2023

Zomato shares rose as much as 4% on Tuesday after Swiggy delivery workers went on strike in Mumbai. The strike caused disruption in food delivery services in the city, and analysts believe that this could benefit Zomato. The company's revenue and profit increased in Q1FY24, and FIIs have been paring their stake in the company, while mutual funds have increased their holdings.

Zomato shares recover 135% from 52-week low in 2023, Swiggy riders in Mumbai on indefinite strike

Zomato shares recover 135% from 52-week low in 2023, Swiggy riders in Mumbai on indefinite strike

Tue, Oct 10, 2023

Swiggy's strike, Zomato benefits! Swiggy delivery partners are on strike in Mumbai. Why does Zomato benefit from this news? See complete details in this video

World Cup Fever: How Consumption Stocks Will Get A Boost From World Cup 2023

World Cup Fever: How Consumption Stocks Will Get A Boost From World Cup 2023

Thu, Oct 05, 2023

India is all set to host the 13th edition of the Men's Cricket World Cup after 12 years, many sectors are expected to benefit from it. According to Zee Business Research, food outlets and delivery applications will get a double boost with the World Cup and the festival season around the corner. Quick Service Restaurants companies like Jubilant FoodWorks, which operates Domino's Pizza in India, and food delivery apps like Swiggy and Zomato could benefit from the World Cup as food delivery during the cricket mega event is expected to increase.

Zomato Records Outstanding Delivery Performance, Second Best Month After Listing

Zomato Records Outstanding Delivery Performance, Second Best Month After Listing

Thu, Oct 05, 2023

September was great for Zomato. Excellent in terms of delivery percentage. Second best month after listing

Hundreds of Zomato employees take deep salary cuts: CEO

Hundreds of Zomato employees take deep salary cuts: CEO

Thu, Mar 26, 2020

"All paid Zomato Gold memberships across India, the UAE, Australia, Indonesia, Philippines, Lebanon, Turkey, New Zealand, Portugal and Qatar will get a two month membership extension at zero cost," he said.

Now, Zomato-RBL Bank-Mastercard credit cards on offer; check benefits

Now, Zomato-RBL Bank-Mastercard credit cards on offer; check benefits

Mon, Mar 02, 2020

"We have always strived to build unique food experiences and the Edition Cards have been specially made for those who are always exploring food across the globe," said Pradyot Ghate, Vice President - Product, Payments and Partnerships, Zomato.

Fraud alert! Hyderabad man ends up paying Rs 50,000 for Biryani - How it happened

Fraud alert! Hyderabad man ends up paying Rs 50,000 for Biryani - How it happened

Mon, Feb 17, 2020

While food delivering platforms like Zomato and Swiggy have made our lives easier, hackers have taken advantage of innocent users and have exposed them to new kind of scams. The fraudsters are using new methods to rob people of their money.

'Together is Better': Zomato acquires Uber's food delivery business for Rs 2,485 cr

'Together is Better': Zomato acquires Uber's food delivery business for Rs 2,485 cr

Tue, Jan 21, 2020

Zomato has acquired Uber’s food delivery business — Uber Eats — in India for around $350 million (about Rs 2,485 crore).

Zomato buys Uber's Indian food delivery business

Zomato buys Uber's Indian food delivery business

Tue, Jan 21, 2020

Zomato said it bought Uber`s food delivery business in the country in an all-stock deal that gives the ride-hailing app a 10% stake in Zomato, which is backed by Alibaba`s Ant Financial.

Fake food shops flourish on Swiggy, Zomato; users in distress

Fake food shops flourish on Swiggy, Zomato; users in distress

Fri, Jan 03, 2020

How come such fake, spurious and closed restaurants and food shops are being allowed on food delivery platforms which have become a nuisance for users, leaving them in anguish with a chatbot who has nothing much to deliver?

Zomato in advanced talks to buy UberEats: Report

Zomato in advanced talks to buy UberEats: Report

Mon, Dec 16, 2019

The online food delivery industry in India is set for a big churn as Uber has reportedly entered advanced stages of talks to sell UberEat`s India business to rival Zomato by the end of this year.

Is Info Edge selling 26.38 per cent stake in Zomato? Check official response from BSE, NSE letter

Is Info Edge selling 26.38 per cent stake in Zomato? Check official response from BSE, NSE letter

Sat, Nov 16, 2019

Check what letter said!

This is how much Zomato paid to hackers for fixes

This is how much Zomato paid to hackers for fixes

Thu, Oct 10, 2019

Food delivery platform Zomato has paid more than $100,000 (over Rs 70 lakh) to 435 hackers till date for finding and fixing bugs on its platform. In fact, $12,350 (over Rs 8.7 lakh) in bounties were paid in the last 90 days alone, said HackerOne, hacker-powered bug bounty platform.

Rise in volume key growth driver for Zomato: Morgan Stanley

Rise in volume key growth driver for Zomato: Morgan Stanley

Fri, Oct 04, 2019

Zomato received average monthly 36 million online orders in the first half of financial year 2019-20 with an annualised gross merchandise value (GMV)of $1.65 billion - 3.2 times the run rate in the first half of 2018-2019, said the report on Thursday.

Talks positive, Zomato Gold still a bone of contention: NRAI

Talks positive, Zomato Gold still a bone of contention: NRAI

Mon, Sep 16, 2019

As the ongoing tussle between the National Restaurant Association of India (NRAI) and online food aggregators as well as delivery platforms enters a settlement stage, Zomato Gold is still proving to be a bone of contention, a top NRAI executive said on Monday.

Zomato lays off 541 staffers, says blame it on automation

Zomato lays off 541 staffers, says blame it on automation

Sun, Sep 08, 2019

Food delivery platform Zomato on Saturday said that it has laid off 541 people -- 10 per cent of the company`s strength -- across customer, merchant and delivery partner support teams.

Zomato's 'oregano' tweet triggers hilarious responses

Zomato's 'oregano' tweet triggers hilarious responses

Tue, Sep 03, 2019

Home-grown restaurant search and delivery platform Zomato took to Twitter to share a joke that seems to have resonated with many who order pizza and collect the seasoning sachets of oregano and chilli flakes.

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