Page 24 - Zomato

Zomato in talks to acquire Paytm's movie, events biz for Rs 2,000 crore

Once finalised, this will be the food delivery major's second biggest purchase since acquiring Blinkit in 2022 for $569 million in an all-stock deal

Paytm in talks with Zomato to sell its movie & event ticketing business

The discussions between Paytm, officially known as One97 Communications Ltd., and online food delivery firm Zomato are in advanced stages

Zomato creates Guinness World Record for largest first aid lesson

The event was held at Nesco, Goregaon in Mumbai, and attended by more than 4,300 delivery agents, making it the world's largest on-ground first aid training programme ever conducted

Zomato to invest Rs 300 cr in Blinkit, total rises to Rs 2,300 cr

It will separately invest Rs 100 cr in live events and ticketing business

Parent company Zomato set to infuse fresh capital of Rs 300 cr in Blinkit

With this latest investment, Zomato has invested a total of Rs 2,300 crore in Blinkit since acquiring the company in August 2022

Paytm, Zomato: Key levels to track on new-age stocks amid F&O entry buzz

New-age stocks such as PolicyBazaar, Nykaa and Delhivery too may be included in the F&O segment as Sebi proposes key changes in stock selection.

'Unhygienic, dusty' Blinkit warehouse in Hyderabad under FSSAI scanner

Zomato-owned Blinkit's one of the warehouse premises located Hyderabad were found in violation of multiple norms during a raid on June 5, the Commissioner of Food Safety, Telangana said

'Avoid ordering during peak afternoon': Zomato asks customers amid heatwave

With many parts of the nation experiencing a prolonged heatwave, Zomato has asked its customers to avoid ordering food during peak afternoon hours unless absolutely necessary

Macquarie sees 47% downside in Zomato amid rising competition for Blinkit

Macquarie on Zomato: While maintaining its 'Underperform' rating, Macquarie said it values Zomato share price at Rs 96 per share

Reliance to challenge Blinkit, Swiggy, Zepto with quick commerce entry

Reliance's JioMart may begin offering deliveries within the next month, completing deliveries within 30 minutes

E-commerce demand surges amid heatwave, manpower needs increase

In the past month alone, daily deliveries by e-commerce entities have escalated to over two million, compared to 1.2-1.5 million deliveries recorded a year earlier

Zomato, Paytm: What should investors do with new-age stocks? Analysts weigh

Shares of Zomato have soared 57 per cent so far in 2024, but those of Paytm have tumbled 46 per cent

Non-fintech online PAs: Firms may reconsider payment aggregator biz

This comes as Zomato Payments, the wholly owned subsidiary of food delivery platform Zomato, voluntarily surrendered the certificate of authorisation issued by the RBI

In the blink of an eye: Zomato-owned firm Blinkit's quick turnaround

Looking at the numbers revealed as part of Zomato's results, Blinkit is working out better than "just fine". It turned operationally profitable in March, and there is more

Stock Market Highlights, May 14: Sensex rises for 3rd day, gains 328 pts; Nifty tops 22,200

Stock market highlights on May 14: The broader markets, meanwhile, outperformed the frontline indices as the BSE MidCap added 1.14 per cent, and the BSE SmallCap rose 1.8 per cent

Morgan Stanley, CLSA bullish on Zomato after solid Q4, check target prices

On the bourses, Zomato was trading 1.39 per cent lower at Rs 191 per share, at 9:42 AM. By comparison, S&P BSE Sensex was up 0.11 per cent at 72,853.25 levels

Stocks to watch on May 14: Shriram Finance, Zomato, DLF, TCS, Maruti Suzuki

Shriram Finance announced that board has approved the sale of its housing finance subsidiary Shriram Housing Finance to Warburg Pincus for Rs 4,630 crore

Pre-market: Gift Nifty, Q4 results, inflation data in focus on May 14

All you need to know before the market opens on Tuesday, May 14: Gift Nifty hints a gap-up start; Zomato stock to react to Q4 earnings; Key levels to watch out on the Nifty, Bank Nifty.

Zomato Q4 result: PAT Rs 175cr; fourth consecutive quarter of profit

Quick commerce GOV growth outpaces food delivery business

Zomato to surrender RBI licence to operate as online payment aggregator

Food tech major Zomato on Monday said its subsidiary Zomato Payment Pvt Ltd (ZPPL) has decided to voluntarily surrender the certificate of authorisation it obtained from the Reserve Bank to operate as an online payment aggregator. "At Zomato, we do not see ourselves having a significant competitive advantage against the incumbents in the payments space and hence we don't foresee a business in payments space as commercially viable for us, at this stage. "While we were conscious of these developments as they unfolded, the real impact was more apparent as we got closer to putting in place the structure to commence the operations," Zomato said in a regulatory filing. The development comes months after the company received the licence from the central bank to operate as an online payment aggregator, with effect from January 24, 2024. Zomato said the Board of Directors of ZPPL has also decided to withdraw the application dated November 11, 2021 submitted with the RBI to operate as the ..