Eternal has increased room to receive foreign investment, which may help the stock to achieve full weightage in MSCI Index, according to media reports.
Competitive pressure in quick commerce to intensify in 2026
Stocks to Watch today, January 9, 2026: Eternal, Tata Motors CV, Bajaj Finserv are among key stocks that will be on investors' radar today
Eternal, the parent entity of Zomato and Blinkit, on Thursday received two Goods and Services Tax (GST) demand orders amounting to over Rs 27.56 crore, including interest and penalty. The orders passed by the Additional Commissioner of State Tax (Appeals), West Bengal, have been received with respect to short payment of output tax for the period between April 2020 and March 2022. The company will file an appeal against the order before the appropriate authority. "This is to inform that the Company has received two orders on 8 January 2026 for the period April 2020 to March 2022 passed by Additional Commissioner of State Tax (Appeals), West Bengal, confirming total demand of GST of Rs 16,72,34,030 with interest of Rs 9,16,48,814 and penalty of Rs 1,67,23,404," Eternal informed in a regulatory filing. 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
Stocks to Watch today, January 8, 2026: From Tata Steel to Cipla, here is a list of stocks that will be on investors' radar
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".
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.
On raising capital, Goyal said the company never gave predictions to investors and instead spoke only about the market size and the opportunity available
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
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
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
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 Management has picked SBI, Airtel, Biocon, Eternal and others for the upcoming year; check details here
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 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
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.
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.
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
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.
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.