Page 7 - Zomato

NRAI dials Rapido to challenge dominance of Swiggy, Zomato in food delivery

Initially launched as a ride-hailing platform, Rapido is eyeing to enter food delivery to challenge the dominance of Swiggy and Zomato

Stocks to Watch, May 02: Eternal, Adani Ports, NCC, JSW Infra, auto stocks

Stocks to Watch on Friday: Adani Enterprises, Eternal, NCC, Auto stocks, GR Infraprojects, Adani Ports, Indus Towers, and Federal Bank are among the stocks to watch today, May 02, 2025

Zomato's parent Eternal Q4 net profit falls 78% to ₹39 cr, revenue up 64%

The company's revenue for the quarter rose 63.7 per cent year-on-year (Y-o-Y) to ₹5,833 crore in Q4, up from ₹3,562 crore a year earlier

ONDC & NRAI working together to shape a robust framework for food business

Several restaurant members had told Business Standard that there could be a tie-up with Rapido

Zomato's parent Eternal Q4 net profit tanks 77% to ₹39 cr, revenue up 63%

The food delivery major Eternal, previously known as Zomato, reported revenue from operations as Rs 5,833 crore

Q4 results today: Adani Ports, Zomato, and Adani Enterprises on May 1

Q4 FY25 company results today: Eternal (formerly Zomato), RailTel Corporation, and 5paisa Capital will be among 15 companies to post earnings reports for the January-March quarter on May 1

Zomato CEO Deepinder Goyal refutes Reddit post on losing market share

Zomato Founder and CEO Deepinder Goyal has rejected an anonymous Reddit post alleging that things were "going off the rails" with the company, rebranded as Eternal, losing market share to Zepto Cafe and Swiggy and forcing employees to order from its food delivery platform. The post also claimed that the work culture has become "laughably inconsistent" with "toxicity" baked in, and the only thing keeping the company profitable now is platform fees, and the "crisis" compounded by "underpaid and overworked" delivery partners. In a post on X on Saturday, Goyal said, "All of this - reddit.com/r/StartUpIndia' - is utter nonsense. Neither are we losing market share, nor will we ever force our employees to order on Zomato. Freedom of choice is something we stand for vehemently." He further said "it is embarrassing to even clarify this -- but doing it since many people reached out to me with concern. And thanks everybody for your concern.. appreciate it". The Reddit post had alleged that "i

Zomato food delivery CEO Ranjan still part of leadership team: Eternal

Eternal, formerly Zomato, on Thursday clarified that its food delivery CEO Rakesh Ranjan has not resigned and that any reshuffling of the leadership team at the company is a standard practice as part of its efforts to optimize organizational effectiveness. The clarification through a regulatory filing came in response to a media report on the stepping down of Ranjan. "We would like to clarify as on date, there has been no resignation tendered by Rakesh Ranjan and he still continues to be part of the leadership team. At Eternal Group, internal reshuffling of the leadership team is considered a standard practice as part of the company's ongoing efforts to optimize organizational effectiveness," Eternal said. Earlier this month, the food and grocery delivery platform officially changed its name to 'Eternal Ltd' on the stock exchanges following approval from Ministry of Corporate Affairs. The brand name of the company's food delivery business, Zomato remains the same, along with the ap

Zomato denies report of food delivery CEO Rakesh Ranjan stepping down

Earlier reports claimed that Ranjan was stepping down as part of an internal reshuffle, with Zomato co-founder Deepinder Goyal expected to take interim charge

Delhi High Court seeks response from CCI and Zomato on NRAI plea

Plea challenges its exclusion from the confidentiality ring giving access to CCI probe documents

Swiggy launches AI-powered Pyng app, enters professional services market

At the core of this experience is Pyng's Smart AI Assistance. It understands user queries and their nuances to recommend the most relevant professionals as per individual needs

Zomato share plunges 10% as COO of food ordering, delivery business resigns

The sharp decline in the Zomato share price came after Rinshul Chandra, chief operating officer (COO) of food ordering and delivery business, tendered his resignation on April 5, 2025

Zomato food delivery COO Rinshul Chandra resigns to pursue new passions

Rinshul Chandra, Chief Operating Officer of Zomato's Food Delivery business, has tendered his resignation, the company has said in a regulatory filing. Chandra has resigned with effect from April 5 "to pursue new opportunities and passions", Zomato stated in the filing on Saturday. In his resignation letter addressed to Zomato founder and CEO Deepinder Goyal, Chandra wrote, "I am writing to resign as COO - Food Ordering & Delivery Business of Eternal Limited, effective April 7, 2025. After careful consideration, I have decided to pursue new opportunities and passions that align with my evolving personal and professional goals". While the brand name of the company's food delivery business Zomato remains the same, along with the app, the company has changed the name of the corporate entity to Eternal.

Nifty stocks to watch in FY26: Right stocks could yield high returns

Most brokerages predict the 50-share blue chip index will deliver double-digit returns this year, thanks to moderation in valuations

Stocks to Watch on Apr 2, 2025: CSB Bank, Zomato, Swiggy, auto stocks, MTNL

Stocks to Watch on Apr 2, 2025: Zomato, Swiggy, auto stocks, and others will remain in focus today

Food delivery platform Zomato lays off nearly 600 customer support staff

This is also happening due to increased usage of artificial intelligence (AI) in its customer services function

'Get AC delivered in 10 min': Blinkit's plan to beat the heat in Delhi-NCR

Blinkit has recently expanded its 10-minute delivery services to include a variety of new offerings

DLF, RIL, Zomato, MakeMyTrip: Chris Wood of Jefferies rejigs India exposure

At a broader level, meanwhile, Wood suggested investors sell rallies in the US stocks and increase exposure elsewhere, most particularly Europe, China and emerging market equities in general

Swiggy slips 3%, hits new low; stock tanks 49% from December high

Since February 5, 2025, share price of Swiggy is under pressure and fallen 28 per cent after the company reported a weak operational performance in the December 2024 quarter

NSE rejig tomorrow: Zomato, Jio Fin's Nifty inclusion to add $910 million

Shares of Britannia and BPCL will face exclusion from the benchmark gauge as Zomato and Jio Finance will be included