Page 13 - Zomato

Stocks to watch, Dec 13: RIL, HDFC Bank, JK Tyre, Zomato, TCS, NBCC, L&T

Stocks to watch, Dec 13: From RIL to HDFC Bank, here is a list of stocks that will be in focus today

Mutual funds go big on fresh issuances in November, shows data

Most of the MF investments in the three companies (Swiggy, Zomato and NTPC) are likely to have happened in the primary market, with mutual funds being major investors during the IPO anchor allotments

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

NRAI warns restaurants about aggregator payment gateways, deep discounting

The National Restaurant Association of India has issued an advisory cautioning its members over deep discounting and payment gateway tools offered by aggregator platforms for dine-in operations. The advisory comes when food delivery giants including Zomato and Swiggy are aggressively focusing on expanding their dine-in customer base. NRAI urged restaurants to use aggregator payment platforms only if the payment gateway services are unbundled from the other services that it offers; and makes financial sense as a payment gateway independently compared to other payment gateways. In its advisory, NRAI asserted that aggregators use deep discounting as a tool to attract customers, including the restaurant's regular customers, to their platforms. The customers are then incentivised to participate through aggressive cashback and discounts, which eventually move the restaurants' existing customers to their platforms. "We are fine with aggregator platforms charging restaurants a reasonable .

Identify Bangladeshis, Rohingya working as delivery agents: Giriraj Singh

Union minister Giriraj Singh on Saturday claimed Bangladeshi nationals and Rohingya were working as delivery agents for food delivery companies and online shopping platforms and added that they should be identified. Singh made these remarks in Hyderabad, where he attended the convocation of NIFT-Hyderabad. "The services sector, whether it is Zomato, Swiggy or Flipkart, the delivery boys are Bangladeshis and Rohingya. Efforts should be made to identify them and hand them over to police," he told PTI Videos on the sidelines of the event. The Union minister also threw his weight behind Yogi Adityanath over his comments drawing a parallel between Sambhal and Bangladesh, saying the Uttar Pradesh chief minister did not say anything wrong. Adityanath had on Thursday said the actions of Mughal emperor Babur's commander in Ayodhya and Sambhal 500 years ago and the events happening in Bangladesh at present shared the same nature and intent. "Look at the kind of acts our enemies in neighbour

Various product categories available via Flipkart Minutes during EOSS sale

Flipkart has announced its 'End of Season Sale' (EOSS) event beginning December 7, 2024

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.

Application for the position of Zomato CEO Deepinder Goyal's chief of staff

I was taken in by the swag and cool of your job posting. But you back-pedalled. So this application is withdrawn

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

SC to CAQM, Parliament’s winter session, Zomato shares, Indian stock markets & more top #newsin1min

The Supreme Court today suggested the Commission for Air Quality Management to consider reopening schools and colleges in Delhi-NCR for physical classes, but refused to relax the GRAP-4 measures

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