Page 27 - Zomato

Zomato hits 21-month high on strong Q2 results; zooms 139% since April

The stock has rallied 13 per cent in tpast two trading days after the company reported its second consecutive quarter of consolidated net profit

Stocks to Watch today: SBI, IndiGo, Titan, Zomato, RIL, BoI, BoB, Delhivery

Stocks to watch on Monday, November 06, 2023: Shares of PSU Banks are likely to hog the limelight following Q2 results announced by major banks over the weekend.

Why Zomato's side ventures may outshine its core food delivery business

According to Deepinder, in some of these cities, Blinkit's GOV, which is growing at more than 80 per cent, is already more than Zomato's

Zomato reports profit at Rs 36 cr in Q2, revenue up 71% to Rs 2,848 cr

Surges 18x sequentially in Q2; uptick in adoption of loyalty plan key driver

Zomato Q2FY24 result: Consolidated net profit at Rs 36 cr; revenue up 71%

Zomato Q2 result: The total income for Q2FY24 came in at Rs 3,060 crore, compared to Rs 1,831 crore year-on-year

Support to regulations difference between us and tech firms: Sameer Nigam

Nigam said that being an early mover in the adoption of the United Payments Interface also played in their favour

Softbank sells 1.09% stake in Zomato worth Rs 1,040 cr via open market

Japanese conglomerate Softbank on Friday divested a 1.09 per cent stake in online food delivery platform Zomato for Rs 1,040 crore through an open market transaction. Softbank through its affiliate SVF Growth (Singapore) Pte Ltd offloaded shares of Zomato on the National Stock Exchange (NSE). Bandhan Mutual Fund (MF), Motilal Oswal MF, Axis MF, Max Life Insurance Company, Abu Dhabi Investment Authority, Fidelity Investments, Goldman Sachs (Singapore), Societe Generale, and Morgan Stanley Asia Singapore, among others were the buyers of shares of Zomato. According to the block deal data available with the NSE, SVF Growth (Singapore) sold 9,35,69,368 shares, amounting to a 1.09 per cent stake in Zomato. The shares were disposed of at an average price of Rs 111.20 apiece, taking the transaction value to Rs 1,040.49 crore. After the transaction, Softbank's shareholding in Zomato declined to 1.08 per cent from 2.17 per cent stake. Shares of Zomato rose 1.84 per cent to close at Rs 113.

KFin Technologies Q2 profit up 28%; Softbank sells another 1.1% in Zomato

The financial services platform provides tech-driven solutions to the capital markets ecosystem including asset managers and corporate issuers

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.