Page 49 - Zomato

Top headlines: Food startups brace for GST menu; Apple unveils new range

Business Standard brings the top headlines of the day

Zomato co-founder and head of supply Gaurav Gupta quits

Gupta was the chief operating officer in 2019 when Zomato named his as a co-founder

Top headlines: Aug exports rise 46%; US consumer price growth cools

Business Standard brings you the top headlines on Tuesday

Zomato shares turn volatile, end flat after co-founder Gaurav Gupta quits

The stock nose-dived into red, down almost 11 per cent from the intra-day high post the news break, and thereafter turned volatile on alternate bouts of buying and selling.

Sensex gyrates 370 pts, ends 127 pts down; Nifty holds 17,350; RIL dips 2%

However, healthy buying in the broader market kept overall market breadth in the favour of the buyers

Stocks to watch: RIL, Zomato, Infosys, Cosmo Films, IB Housing Finance

Dilip Buildcon's subsidiary Bangalore Malur Highways has received the financial closure from the National Highways Authority of India.

Zomato to shut down pilot grocery delivery service on Sept 17

Cites gaps in order fulfilment and the traction 15-minute grocery delivery has been getting in the recent past

Zomato to stop grocery deliveries from Sep 17 due to poor order fulfillment

The company also said that it believes that its investment in Grofers will generate better outcomes for its shareholders than in-house grocery efforts

Swiggy sets up development centre in Gurgaon, home turf of rival Zomato

The centre in Gurgaon will focus on building platforms and applications that will improve the overall experience of Swiggy's more than 150,000 restaurant partners across 500 cities and towns in India

Zomato hits new high of Rs 150, zooms 98% over issue price of Rs 76

A sharp rally in stock price helped Zomato surpass personal products companies like Godrej Consumer Products and Dabur India in overall market capitalisation ranking

August best month for IPOs in 4 years, Rs 18,000 cr mopped up from 8 offers

Investment bankers say pipeline for rest of the year also looks strong. Aditya Birla MF, Go Airlines and Vijaya Diagnostic likely to launch offerings in Sept

Zomato share price falls 8% as lock-in period for anchor investors end

The shares ended the session at Rs 127 apiece on the S&P BSE Sensex on a day when the benchmark ended 226 points, or 0.41 per cent, higher

An $8.8 bn IPO wave sweeps across India as investors bet on startups

The catalyst, in a word, is Zomato Ltd. The food-delivery startup went public in July

Newly listed Indian stocks beat benchmark, helped by crowded IPO market

A gauge of firms that listed in the past two years has outperformed the Nifty 50 Index by more than 40 percentage points this year, the biggest gap since 2014

Competition Commission approves Zomato buying 9.3% stake in Grofers India

The Competition Commission has approved online food delivery platform Zomato's proposed purchase of 9.3 per cent stake in online grocery shopping player Grofers India

Street willing to bet purely on Zomato's topline growth after Q1 results

In Q1FY22, losses also expanded due to non-cash ESOP expenses, which will continue going forward

Zomato's Q1 show drives stock 9% higher; analysts remain divided on outlook

Analysts believe a strong topline growth is what enthused investors, pushing them to lap up Zomato shares

BSE clarifies on Price Band rule; Sensex ends flat, SmallCap index down 1%

The BSE SmallCap index, which was down over 3 per cent at one point during the day, ended just 0.83 per cent lower.

Stocks to watch: Zomato, Voda Idea, Power Grid, RattanIndia Entp, GMR Infra

GMR Infrastructure board will consider a proposal for raising up to Rs 6,000 crore through various routes at its meeting on August 13

Zomato Q1 net loss widens to Rs 356 crore; revenue rises to Rs 844 crore

Revenue from operations in Q1 rose to Rs 844.40 crore from Rs 266 crore a year ago