Page 18 - Zomato

Zomato gets GST tax demand notices over Rs 4.59 cr from TN, WB authorities

Online food delivery platform Zomato has received GST tax demand orders of over Rs 4.59 crore, including applicable interest and penalty, from Tamil Nadu and West Bengal authorities. The company said it plans to appeal against the demand orders passed by the Assistant Commissioner of GST and Central Excise, Nungambakkam Division, Tamil Nadu and Assistant Commissioner of Revenue, Government of West Bengal. The Tamil Nadu tax authority passed an Adjudication Order under Section 73 of the Central Goods and Services Tax Act, 2017, and Tamil Nadu Goods and Services Tax Act, 2017, for GST of Rs 81,16,518, with applicable interest (not quantified) and penalty of Rs 8,21,290. Meanwhile, the West Bengal authority passed an adjudication order under Section 73 of the Central Goods and Services Tax Act, 2017, and West Bengal Goods and Services Tax Act, 2017 for GST of Rs 1,92,43,792 with interest of Rs 1,58,12,070 and a penalty of Rs 19,24,379. In a regulatory filing, Zomato said it has clarif

Deepinder Goyal launches Zomato for employers to ease corporate food orders

Zomato CEO Deepinder Goyal announced that this feature would streamline the management of company food expenses and simplify the reimbursement process provided by companies

Zomato completes acquisition of Paytm's entertainment ticketing biz

The new business will be spun off into a separate going-out app, District, in the coming few weeks

Bachchan family office joins quick commerce frenzy with Swiggy stake

Swiggy deals in online food delivery and quick grocery delivery services segment. The development comes amid heightened investor interest in the industry, due to high demand for such services

Food delivery platform Zomato eyes a new 'District' with third super brand

In this regard, Zomato's strategy differs greatly from that of its unlisted rival, Swiggy, who is trying to integrate all of its offerings under one 'super app'

Food delivery giant Swiggy targets $15 billion valuation in India IPO

One of the sources said Swiggy aimed to use IPO proceeds to expand its quick commerce Instamart business and open more warehouses to better compete with Zomato

Zomato stock price zooms 4% on shutting down intercity 'Legends' services

The surge came after the Zomato chief executive officer Deepinder Goyal said that they have discontinued their intercity food delivery service "Legends" as it could not find product market fit.

Did Zomato pull a 'Blinkit' with Paytm's ticketing biz buy? Analysts weigh

Zomato, Paytm share price today: Zomato share price rose 2.7 per cent to Rs 267 in the intraday trade after its Board approved to acquire Paytm's entertainment, ticketing business

Zomato shuts down intercity 'Legends' services with immediate effect

Zomato had launched its intercity food delivery service in August 2022 to offer consumers delicacies from across ten cities in India from the comfort of their homes

Zomato, paytm shares jump after Paytm ticketing biz deal

Shares of Zomato and One97 Communications jumped on August 22, following the announcement by Paytm that it is selling its entertainment ticketing business to Zomato. Watch the video to know more.

Paytm to sell its entertainment, ticketing biz for Rs 2,048 crore to Zomato

This comes as the company refocuses on its core payments and financial services business

Paytm up 5% on sale of entertainment biz; stock zooms 95% from 52-week low

With a strong focus on long-term value creation, Paytm's management said it remains confident of substituting the revenues from its entertainment ticketing business by expanding its core business.

Paytm to sell entertainment ticketing business to Zomato for Rs 2,048 crore

One 97 Communications said in an exchange filing that it will now focus on strengthening the core payments and financial services distribution

Antfin Singapore Holding divests 2.1% stake in Zomato for Rs 4,771 cr

Antfin Singapore Holding on Tuesday divested a little over 2 per cent stake in online food delivery firm Zomato for Rs 4,771 crore through open market transactions. Antfin Singapore Holding Pte is an arm of Ant Financial Group, while the latter is a part of Chinese e-commerce giant Alibaba. According to the bulk deal data available on the BSE, Antfin Singapore Holding sold 18,54,40,550 shares in two tranches, amounting to a 2.1 per cent stake in Gurugram-based Zomato. The shares were disposed of in the price range of Rs 257.17-257.46 apiece, taking the transaction value to Rs 4,771.66 crore. After the share sale, Antfin Singapore Holding's stake has been reduced to 2.14 per cent from 4.24 per cent. Details of buyers of Zomato's shares could not be ascertained. Shares of Zomato rose 0.27 per cent to close at Rs 263 apiece on the BSE. In March this year, Antfin Singapore Holding pared a 2 per cent stake in Zomato for Rs 2,827 crore. Earlier this month, food delivery aggregator Zo

Zomato zooms past Swiggy in terms of growth in July, captures more market

Zomato and Swiggy are both leading industry players in the online food delivery market and quick commerce segment

Zomato shares worth Rs 5,438 cr sold in block deal, Antfin likely seller

Antfin Singapore Holding, which previously held a 4.3% stake in Zomato, will face a 90-day lock-in period before it can further dilute its equity following the sale

Ola Electric charges new-age stocks; Can Zomato, Paytm extend rally ahead?

New-age stocks have zoomed up to 80% from Election Result day lows. Charts suggest PolicyBazaar, Paytm, Nykaa and Delhivery can rally another 12%; while Zomato and CarTrade may dip going ahead.

Stocks to watch, Aug 20: Zomato, IndusInd Bank, Saraswati Saree Depot

Stocks to watch on August 20: According to reports, a significant deal is expected on Tuesday, with Antfin Singapore planning to sell 13.6 crore shares, representing 1.54 per cent of the total equity

Zomato up 6%, hits new high on improved results; zooms 91% from June lows

Zomato expects adjusted EBITDA margin of food delivery and quick commerce business to increase to 4-5 per cent over the medium term.

Qcom goes international to cash in on last-minute Raksha Bandhan gifting

Blinkit and Zepto are expanding their operations and offering consumers chances to win cars, iPhones, TVs, luxurious overseas stays