Page 25 - Zomato

Stocks to Watch today: HUL, ITC, Zomato, Paytm, UltraTech, Dixon, MphasiS

Stocks to watch on Friday: Shares of ITC and Hindustan Unilever will react to Q2 results today; while the former posted 6 per cent growth in net, the latter's consolidated net was down on a YoY basis.

Higher free float to stoke passive flows in Zomato, DLF and Jio Financial

The move follows an increase in free float in these stocks due to selling by promoters and large institutions such as Life Insurance Corporation and Softbank Vision Fund

SoftBank's venture capital fund SVF Growth to sell 1.1% in Zomato

SVF Growth will sell the stake at an offer price of Rs 109.4 to Rs 111.65 per share, a 2 per cent discount to its current market price at the lower end, the report added

SoftBank's venture capital fund to sell $123 million stake in Zomato

Zomato shares have gained 88.3% so far this year and closed 1.4% lower on Thursday

Rebel Foods' EatSure partners with railways to provide food on trains

Customers can order food from multiple restaurants and get it delivered to their seats using their PNR (passenger name record) numbers while travelling on the Indian Railway Network

JioCinema to release 'world's first angel investment show', Indian Angels

OTT platform JioCinema is set to release another investment show named 'Indian Angels'. The show will increase competition into a space currently dominated nationwide by hit show Shark Tank India

Discounts, cashbacks galore: AU Small Finance Bank unveils festival offers

For Dhanteras, customers can get 5% Cashback on Jewelry purchases using AU Credit Card.

Zomato has nothing to do with helmet-less woman biking viral video: CEO

Zomato Managing Director & CEO Deepinder Goyal on Tuesday clarified that the company has "absolutely nothing to do" with a viral video in which a woman is seen riding a motorcycle without helmet dressed as a delivery partner of the online food delivery firm in Indore. In a post on X, Goyal said, "Hey! We had absolutely nothing to do with this. We don't endorse helmet-less biking. Also, we don't have a 'Indore Marketing Head'." He was responding to a post by an user of X, who posted a video of a woman dressed as a delivery partner of Zomato riding a high-end motorcycle carrying the company's delivery bag. "Indore #Zomato marketing head had this idea. He hired a model to drive around with an empty zomato bag for one hour in the morning and one hour in the evening. @zomato is on a roll...," posted the X user with handle @rajivmehta19. The video had gone viral with over 15 lakh views. Goyal in his response added, "This seems to be someone just "free-riding" on our brand. Having said

Zomato, McDonald's fined Rs 1 lakh for delivering non-veg in place of veg

Online food ordering and delivery platform Zomato on Friday said a penalty of Rs 1 lakh has been imposed on it and restaurant partner McDonald's by the District Consumer Dispute Redressal Forum, Jodhpur, for alleged wrongful delivery of non-vegetarian food in place of a vegetarian food order. The company is in the process of filing an appeal against the order, Zomato said in a regulatory filing. The District Consumer Dispute Redressal Forum (II) Jodhpur has imposed a monetary penalty of Rs 1 lakh for violation of Consumer Protection Act, 2019 on Zomato and McDonald's, the restaurant partner whose food was delivered through it, and awarded Rs 5,000 as cost of litigation, it said. "Both monetary penalty and cost of litigation are to be borne jointly and severally by Zomato and McDonald's," it added. Further, Zomato said it "is in the process of filing an appeal against the said order and based on the advice from its external counsels, Zomato believes it has a good case on merits." "

Zomato launches intra-city 'Xtreme' logistics service for merchants

As is the case with Zomato's food delivery service, merchants will be able to livetrack their shipments

Higher profitability estimates likely to drive more gains for Zomato

Factoring in better demand for delivery, FY24 overall might have growth estimates for 18 per cent

Zomato soars 4% on heavy volumes, market-cap nears Rs 1 trillion mark

Analysts at Kotak Securities believe Zomato's YoY GMV growth bottomed out in Q1FY24 at 14 per cent YoY and should witness improving performance Q2FY24 onward.

Blinkit to deliver iPhone 15 and iPhone 15 plus within 15 minutes

The company has roped in Apple premium reseller Unicorn to deliver the devices, which are available to customers in Delhi NCR, Mumbai, Pune and Bangalore

Blinkit partners with Unicorn APR to deliver iPhone 15, iPhone 15 Plus

Quick commerce firm Blinkit on Friday said it has partnered with Apple Premium Reseller Unicorn to deliver iPhone 15 and iPhone 15 Plus to customers within 10 minutes of placing orders. The facility will be available in Delhi-NCR, Mumbai, Pune, and Bengaluru, the company said. "We are thrilled to partner with Unicorn APR this year as well to deliver iPhone 15 within minutes... we are certain this will lead to pure joy for our customers who appreciate the convenience of getting highly anticipated products delivered to their doorstep, almost instantly," Blinkit Co-Founder and CEO Albinder Dhindsa said in the statement. Dhindsa in a social media post said Blinkit can deliver iPhones to customers within 10 minutes. "Apple iPhone 15 and iPhone 15 Plus are now live on the Blinkit platform across Delhi-NCR, Mumbai, Pune, and Bengaluru," the statement said. Apple on Friday started selling the new models, which comes in the price range of Rs 79,900 to Rs 1,99,900 apiece. Blinkit had partn

Now, customers can tip kitchen staff through Zomato: Details here

Zomato that the new feature will allow customers to "seamlessly express gratitude for their food deliveries, an option that was limited to traditional dining-in experience

TMS Ep523: Car airbags, Nirmala Sitharaman, Zomato stock, Google antitrust

Has cost trumped safety for car airbags? What are three key takeaways from FM's interview with BS? Time to add Zomato stock to your portfolio? What's the US vs Google antitrust trial? Answers here

Expecting high demand, QSRs, retail companies expand their workforce

Reliance Retail (RR), the country's largest retailer, added the most number of employees at about 60,000 in FY23

Zomato stock rally may show signs of exhaustion from here on: Analysts

This is because the stock price of Zomato is factoring in all the positives, including earnings growth

Nothing Phone (2) software update brings new features, widget, and more

The Nothing OS 2.0.3 firmware update will have new UI elements, pocket mode, a new compass widget, and Zomato app integration in Glyph interface

Zomato launches AI chatbot for seamless food ordering for 'Gold' customers

Zomato claims that the chatbot can handle a range of user queries