Page 23 - Zomato

Stocks to Watch, April 1: Auto, Zomato, ZEE, RVNL, NHPC, Infy, Garden Reach

Stocks to Watch on Monday, April 1, 2024: Zomato has received a tax demand and penalty worth Rs 23.26 crore from Karnataka tax authorities

Zomato gets GST notice of Rs 23.26 cr from Karnataka tax authorities

The company received the tax order for the overutilisation of input tax credit, along with associated interest and penalties

Zomato gets GST demand order of Rs 23.26 cr from Karnataka tax authorities

Zomato on Sunday said it has received a tax demand, interest, along with penalty, to the tune of Rs 23.26 crore from the Assistant Commissioner of Commercial Taxes (Audit), Karnataka. The online food delivery platform said it will appeal against the order before the appropriate authority. In a regulatory filing to the BSE, the company said it has "received an order for FY 2018-19 pursuant to the audit of GST returns and accounts by the Assistant Commissioner of Commercial Taxes (Audit), Karnataka, raising demand of GST of Rs 11,27,23,564, along with applicable interest and penalty totaling to Rs 23,26,64,271. "We believe that we have a strong case on merits and the company will be filing an appeal against the order before the appropriate authority," Zomato said in the filing.

Simpl expands partnership with Zomato to enhance convenience for customers

Expansion is to address the growing number of consumers seeking checkout convenience. Simpl has recorded over 100 million checkouts during 2017-2023 on Zomato

Zomato, Nykaa: New-age stocks defy market fall; analysts see more upside

Data from ACE Equity shows that shares of Zomato, Nykaa (FSN-e Commerce), and PB Fintech have surged in the range of 4.6 per cent to 11.4 per cent in one month

Zomato CEO Goyal marries Mexican model-turned entrepreneur Grecia Munoz

Zomato founder and CEO Deepinder Goyal, who recently made headlines over the launch of a 'Veg Only' service catering to vegetarians, has tied the knot for the second time with Mexican model-turned entrepreneur Grecia Munoz, sources said. Goyal, 41, was previously married to Kanchan Joshi. They were reportedly studying in the same department in IIT Delhi. "Grecia has been in India running her own startup in the luxury consumer products space. She used to be a model, yes. They got married a couple of months ago," a source told PTI. Grecia's Instagram bio reads, 'Born in Mexico now at home in India'. She has been the winner of the Metropolitan Fashion Week, 2022. Earlier this week, facing a huge backlash over plans for separate green uniforms for a new vegetarian-only food delivery service, Goyal said the company will roll back the plan, and all delivery persons will continue to sport the current red shirts/t-shirts. The Zomato CEO rolled back the green-coloured 'Pure Veg' fleet for

Who is Deepinder Goyal's second wife, Grecia Munoz? Check details here

Deepinder Goyal married a Mexican model Grecia Munoz who now lives in India. Get to know more about her

Zomato rolls back green colour from veg fleet, all riders to wear red

Responding to backlash, on Tuesday night, Goyal clarified that the pure veg fleet 'doesn't serve or alienate any religious, or political preference.'

Zomato axes colour-coded veg fleet day after launch amid row: Explained

Zomato had earlier announced an exclusive "pure veg mode" and "pure veg fleet" for its vegetarian customers but scrapped the colour-based fleet plan after a social media backlash

'All riders wear red': Zomato drops green colour from pure veg fleet

Within a day of announcing its new 'pure veg fleet', Zomato received media backlash with customers raising concerns over driver safety and misidentification of delivery partners in red uniforms

Will roll back 'Pure Veg mode' in case of negative result: Zomato CEO

After facing a backlash online from a section of people over the launch of the "Pure Veg Mode" service, Zomato CEO Deepinder Goyal on Tuesday said the food delivery platform will "roll it back in a heartbeat" in case there is a negative social repercussions. In a long late night post on X, Goyal also sought to allay concerns that Zomato's regular fleet may be barred by some societies and RWAs. "There's an opinion that some societies and RWAs will now not let our regular fleet in. We will stay alert for any such cases and work with these RWAs to not let this happen. "We understand our social responsibility due to this change, and we will not back down from solving it when the need arises," he said. "Please note that this Pure Veg Mode, or the Pure Veg Fleet doesn't serve or alienate any religious, or political preference," he clarified. Goyal elaborated upon the reason behind introduction of the company's "Pure Veg Mode" service. "But why did we need to separate the fleets? Becaus

Deepinder Goyal launches 'Pure Veg Mode' to woo vegetarian customers

Zomato founder and chief executive officer Deepinder Goyal on Tuesday announced the launch of a 'Pure Veg Mode' along with a 'Pure Veg Fleet'

Zomato launches 'pure veg mode' to woo vegetarian customers: All details

Food delivery company Zomato announced the launch of a special feature - 'pure veg mode' - that will include restaurants that only serve veg food

Jefferies: L&T and Zomato among 11 stocks expected to double or triple in 5 years

Jefferies has released a list of 11 stocks expected to give 15-25% CAGR returns over the next 5 years. Watch the video to know which company’s shares made it to the list.

Blinkit may become bigger than Zomato's food biz in 1 year: Deepinder Goyal

Meanwhile, food delivery at the end of Q3 FY24 had a revenue of Rs 2,025 crore, and Blinkit clocked Rs 644 crore

Flipkart's quick-commerce foray: Will Zepto and Blinkit feel the pinch?

Flipkart's ecommerce advantage might not come into play in quick commerce all that quickly

Innovating constantly driving next versions of our biz: Zomato CEO Goyal

Zomato CEO Deepinder Goyal on Monday said the company's culture of embracing disruption and being paranoid in order to evolve and stay ahead, is driving innovation in its business. He hinted that in one year's time Blinkit could be bigger than Zomato. Goyal - who is counted among India's growing tribe of celebrity founders - said the mantra for Zomato is "how do we disrupt our own businesses" and not become complacent. Speaking at the Startup Mahakumbh event, Goyal said "Zomato has a business plan competition going within the company, which is going to offer funds to a small team which will disrupt the businesses that we are in, and that could lead to Zomato version 5 or Blinkit version 2." Blinkit - the quick commerce platform - itself is part of Zomato 'version 4' he said, adding "in one year's time Blinkit could be bigger than Zomato, so I don't know how long Zomato will have its own relevance." During a fireside chat with Info Edge founder Sanjeev Bikhchandani, Goyal said the

Entrepreneurs should be driven by Passion, not money, says Zomato CEO

Zomato CEO Deepinder Goyal on Monday advised entrepreneurs to be led by passion and drive while building the company of their dreams, and cautioned that starting a venture with the sole desire of making money won't work and may lead to "bad governance calls". Speaking at the Startup Mahakumbh event, Goyal spoke candidly about how his own company prefers to be always paranoid to stay ahead. Complacency should not kick at any point of time, he asserted. "I see a lot of founders starting a lot of companies, and I ask them why did you start this company, and the answer is 'I want to make a lot of more money'...I don't think that works because that leads to bad governance calls... that's not the purpose with which you should start a company," he said while addressing a packed hall. He advised aspiring and new entrepreneurs, "You should be so passionate about something, you should be willing to risk your life for it, only then you are able to build a company of your dreams " "That's the

IRFC, Zomato, Voda Idea: Strategies for most actively traded stocks

As of 10 AM on Friday, Yes Bank, Voda Idea, IRFC, NHPC and Tata Steel were the top traded stocks among the Nifty 200 index. Here's a technical outlook on the select shares.

Flipkart planning to unveil quick commerce service in a couple of months

According to industry sources, 15-20 minute deliveries provided by players such as Zepto, Instamart and Blinkit are taking a major portion of the sales of products away from Flipkart and Amazon