Page 4 - Zomato

Why is Nomura bullish on Eternal? 3 key factors for ₹370 stock target

On the bourses, Eternal shares have advanced 4 per cent over the past five sessions, 9 per cent in the last month, and a little over 28 per cent in the past three months.

Food delivery may get pricier as platforms hike fees, 18% GST adds burden

The hike in platform fees by Zomato, Swiggy and magicpin ahead of the festive season is set to make ordering food costlier for millions of users across the country, which is likely to rise further due to the 18 per cent GST levy on delivery charges from September 22. Swiggy has hiked its platform fee to Rs 15, inclusive of GST, in select markets. Rival Zomato has raised its platform fee to Rs 12.50 (excluding GST), whereas the third-largest food delivery player, magicpin, has also revised its platform fee to Rs 10 per order, in line with broader industry trends, making it expensive for food delivery consumers. Estimates suggest that the additional burden on account of 18 per cent GST to be levied on delivery charges from September 22 is expected to add roughly Rs 2 per order for Zomato users and Rs 2.6 for Swiggy customers. E-mail queries sent to Swiggy and Zomato by PTI seeking responses remained unanswered. A magicpin spokesperson told PTI that it has already been paying 18 per

GST 2.0: Food-delivery giants face new ₹500 cr tax bill, margin crunch

Platforms must pay 18% GST on behalf of delivery workers, a move that could squeeze margins and raise consumer costs as growth slows

Rakesh Ranjan, former CEO of Zomato's food delivery business, exits company

Rakesh Ranjan exits Zomato's food delivery business following a restructuring; Aditya Mangla appointed as new CEO, with the next career move of Ranjan yet to be known

M&M, Eternal, Muthoot Finance, L&T Finance from BSE 500 hit record highs

CCL Products, GMDC, Zydus Wellness, Anand Rathi Wealth and Syrma SGS Technologies among others from the BSE 500 and Nifty 500 index also registered new all-time highs in Friday's trading session.

Motilal Oswal sees buffet of tailwinds; upgrades Swiggy, bullish on Eternal

The brokerage now values Swiggy at ₹560, capturing the inflection in food delivery growth and the path to improved economics in Instamart.

Zomato hikes platform fee from ₹10 to ₹12 ahead of festive season rush

Zomato, led by CEO Deepinder Goyal, first introduced the fee at ₹2 in August 2023 as part of a strategy to improve margins and move toward profitability

Aurobindo, SBI Life, Eternal among top rollovers; 8 stocks to exit F&O

Aditya Birla Fashion, Adani Total Gas, CESC, Granules India, IRB Infrastructure, Jindal Stainless, Poonawala Fincorp and SJVN are the eight stocks to exit derivatives segment post August expiry.

Zomato parent Eternal gets over ₹40 crore tax demand from GST authority

In its late-night regulatory filing on Monday, the company said the total demand includes ₹17.19 crore in GST, ₹21.42 crore in interest, and a penalty of ₹1.71 crore

Eternal hits record, market cap regains ₹3-trn mark; soars 21% in 4 weeks

Eternal is setfor long-term growth and improved profitability, driven by its strong market position and growth prospects in the quick commerce business.

Paytm, Eternal surge up to 6%, stocks near 52-week highs

Shares of Eternal, the parent company of food aggregator Zomato and quick-commerce firm Blinkit, were up 3% to ₹310.40, quoting close to its record high level of ₹314.40

SRK roped in as Zomato's new brand ambassador, appears in latest campaign

Online food delivery platform Zomato on Friday said it has roped in Bollywood star Shah Rukh Khan as its brand ambassador. Khan had recently appeared in Zomato's latest campaign 'Fuel Your Hustle', which celebrates the quiet grind behind some of India's most celebrated names, Zomato said in a statement. "Through the campaign and this association, Zomato aims to resonate with every individual who truly believes in hard work and consistency and reinforce its commitment to supporting their journey with food," it added. Khan inspires millions to keep showing up and fuelling their ambition, said Zomato Marketing Head Sahibjeet Singh Sawhney. "His influence transcends generations and borders and is a reminder for India to keep at it," Sawhney said, adding that his journey, from humble beginnings to global icon, mirrors the grit and persistence that the company believes in. On the association, Khan said, "Zomato's story is one of hustle, innovation and a love for bringing people closer t

Antfin exits Eternal with ₹5,370 crore stake sale at ₹285 floor price

Antfin Singapore Holding to exit Eternal (formerly Zomato) with Rs 5,370 crore block deal at Rs 285 per share, days after selling entire Paytm stake for Rs 3,800 crore

Zomato's Deepinder Goyal wants to build India's very own jet engines

The LAT Aerospace founder is assembling a propulsion R&D team in Bengaluru to design and build lightweight, flight-ready gas turbine engines for regional mobility

Blinkit’s big bet: How Zomato’s pivot paid off

Zomato made a bold move when it bought Blinkit back in 2022. Now, in July 2025, that bet is paying off big time. And it might just be changing the company’s entire identity.

Eternal shares clock all-time high after Q1 results; brokerages up target

Eternal, Zomato Q1 results review: Brokerages raised their target on Eternal, as they reckon that quick commerce losses have now started to stabilise

OTP Please: Vandana Vasudevan exposes hard truths of the ecommerce economy

From online marketplaces using data to harm local businesses to the suffering that lies behind the glossy growth story that startups tell, Vandana Vasudevan exposes the hard truth of platform economy

Nirmal Bang initiates 'Buy' on Swiggy and Eternal; sees up to 26% upside

Domestic brokerage Nirmal Bang has initiated coverage on Eternal and Swiggy with a 'Buy' rating; check target price here

Food for portfolio: This stock can deliver up to 30% gain, chart suggests

Shares of Eternal are likely to trade on an upbeat note as long as the stock holds above ₹287 - ₹283 support zone, shows the daily technical chart.

Stock to Watch today, July 22: Eternal, LIC, Havells, Titan, PNB, IDBI Bank

Stocks to Watch today, July 22, 2025: Eternal, Titan, Oberoi Realty and UltraTech Cement are some of the top stocks to watch today