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Zomato gets RBI approval to operate as 'online payment aggregator'

Zomato gets RBI approval to operate as 'online payment aggregator'

Thu, Jan 25, 2024

"We wish to inform that ZPPL has been granted a certificate of authorisation dated January 24, 2024, from the RBI to operate as an 'Online Payment Aggregator' in India with effect from January 24, 2024, as per the guidelines issued by the RBI," Zomato said in an exchange filing.

Zomato hits fresh 52-week high again; can you still join the party?

Zomato hits fresh 52-week high again; can you still join the party?

Fri, Jan 12, 2024

With that, the stock took its overall upmove to 6.6 per cent in four days, having scaled a series of 52-week highs this week.

Zomato to show muted business, stock performance this year, says HSBC; target raised

Zomato to show muted business, stock performance this year, says HSBC; target raised

Thu, Jan 11, 2024

Zomato posted a net profit of Rs 36 crore for the September quarter, driven by higher food delivery orders, as against a net loss of Rs 251 crore for the corresponding period a year ago.

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Zomato Fee Hike Analysis: Will It Change Your Food Ordering Habits?"

Zomato Fee Hike Analysis: Will It Change Your Food Ordering Habits?"

Tue, Jan 02, 2024

Zomato increased platform fees, at some places platform fees were increased from ₹3 to ₹4, Zomato's fees increased, how much impact? Will Zomato benefit from increasing fees or not?

Zomato to zoom another 35%? CLSA raises target amid platform fee hike

Zomato to zoom another 35%? CLSA raises target amid platform fee hike

Tue, Jan 02, 2024

The company maintains that even though the company has collected delivery charges from October 29, 2019 to March 31, 2022, it is not liable to pay tax. Zee Business desk further said that the food-services aggregator in respect of the same will file an appropriate response.

Zomato Food Delivery to OYO Rooms: A Year-End Ordering Odyssey!

Zomato Food Delivery to OYO Rooms: A Year-End Ordering Odyssey!

Mon, Jan 01, 2024

Huge jump in orders and bookings from Zomato to OYO on the last day of 2023, most orders for delivery through more than 3.2 lakh delivery partners came from Maharashtra, 37% increase in OYO bookings, neither hill station nor beach.. People looking for places to stay near Ram temple

Zomato, Swiggy, OYO Rooms register record orders and bookings on New Year's Eve

Zomato, Swiggy, OYO Rooms register record orders and bookings on New Year's Eve

Mon, Jan 01, 2024

Zomato shares, as of 10:09 a.m., traded 0.85 per cent or Rs 1.05, higher on the BSE at Rs 124.75 apiece. OYO Rooms and Swiggy are expected to come up with their initial public offers (IPOs) this year.

Should you buy, sell or hold Zomato shares? Here is what JPMorgan suggests

Should you buy, sell or hold Zomato shares? Here is what JPMorgan suggests

Fri, Dec 29, 2023

Zomato GST notice news: Zomato said it strongly believes that it is not liable to pay any tax since the delivery charge is collected by Zomato on behalf of the delivery partners.

Zomato Shares Dip as GST Authorities Issue Rs 402 Crore Show-Cause Notice

Zomato Shares Dip as GST Authorities Issue Rs 402 Crore Show-Cause Notice

Thu, Dec 28, 2023

Zomato shares fell 2% on Dec 28 following a Rs 402 crore show-cause notice from GST authorities regarding alleged unpaid taxes on delivery charges. The company claims it's not liable, citing delivery partners as service providers. Zomato plans to contest the notice but acknowledges the substantial amount in question, over 10 times its recent quarterly profit.

Zomato shares under pressure after company receives Rs 402 crore GST liability notice

Zomato shares under pressure after company receives Rs 402 crore GST liability notice

Thu, Dec 28, 2023

At 9:47 am, Zomato shares recovered some of their intraday losses to trade 1.9 per cent weaker for the day at Rs 124.7 apiece on the bourse.

Biryani most-ordered dish on Zomato in 2023, followed by pizza: Report

Biryani most-ordered dish on Zomato in 2023, followed by pizza: Report

Mon, Dec 25, 2023

In 2023, India ordered 2.5 biryanis per second. According to the food delivery platform, one veg biryani was requested for every 5.5 chicken biryanis.

Zomato Shares Rise Post Shiprocket Acquisition Denial | Stock Market News

Zomato Shares Rise Post Shiprocket Acquisition Denial | Stock Market News

Fri, Dec 22, 2023

Zomato clarifies it has no plans for a $2 billion acquisition of Shiprocket, responding to recent media reports. The denial led to a rise in Zomato's share price on Friday, reaching close to its 52-week high. While Jefferies maintains a "buy" rating with a Rs 165 target, they consider the acquisition unlikely due to Zomato's current focus on its core business and Quick Commerce operations.

Zomato shares edge higher after management denies Shiprocket acquisition report; here's what Jefferies suggests

Zomato shares edge higher after management denies Shiprocket acquisition report; here's what Jefferies suggests

Fri, Dec 22, 2023

Zomato news today: Shares of Zomato on Friday edged higher on D-Street after the food-services aggregator denied news report circulating in the mainstream media regarding Zomato offering to acquire Shiprocket for $2 billion through a regulatory filing on the exchanges.

Zomato offers to acquire logistics platform Shiprocket for $2 billion: Report

Zomato offers to acquire logistics platform Shiprocket for $2 billion: Report

Thu, Dec 21, 2023

Zomato, in the same month, completed the acquisition of quick commerce company Blinkit (formerly Grofers) and its warehousing and auxiliary services business. Zomato's board approved the Rs 4,447 crore transaction to acquire Blinkit.

Zomato, Nykaa, Paytm, and other new-age stocks gained traction in 2023; what lies ahead?

Zomato, Nykaa, Paytm, and other new-age stocks gained traction in 2023; what lies ahead?

Wed, Dec 20, 2023

Stock market news, stocks in news: Among other notable names, individually, One 97 Communications, the parent company of Paytm, has gained over 18 per cent, FSN E-Commerce Ventures, the parent company of Nykaa, has gained over 12 per cent and Delhivery has risen over 13 per cent.

Zomato introduces first-responders training for 3 lakh delivery partners across India

Zomato introduces first-responders training for 3 lakh delivery partners across India

Thu, Dec 14, 2023

Zomato has unveiled a first-of-its-kind program to equip the delivery partner fleet with crucial lifesaving skills.

Zomato shares under pressure after Softbank offloads remaining stake in food-delivery firm

Zomato shares under pressure after Softbank offloads remaining stake in food-delivery firm

Mon, Dec 11, 2023

The firm as of September end held 3.44 per cent stake or 29,60,73,993 equity shares in Zomato.

Zomato shares trade lower after 9.27 crore shares changed hands; Softbank likely seller

Zomato shares trade lower after 9.27 crore shares changed hands; Softbank likely seller

Fri, Dec 08, 2023

Zomato block deal: At around 12:30 p.m., shares of Zomato traded 0.82 per cent lower on the BSE at Rs 120.8 apiece. The market capitalisation of the company stood at Rs 1,05,227.86 crore at around the same time.

Zomato trades lower even as HSBC assigns 'buy' rating: Check target price

Zomato trades lower even as HSBC assigns 'buy' rating: Check target price

Tue, Dec 05, 2023

Zomato share price: Earlier, another brokerage, Morgan Stanley, also maintained an 'overweight' stance and placed the target of Rs 140 per share on the counter.

MSCI rejig: Nine Indian stocks set to be included; India's weight will increase to 16.3%

MSCI rejig: Nine Indian stocks set to be included; India's weight will increase to 16.3%

Thu, Nov 30, 2023

Meanwhile, the market will also see an outflow of funds due to a reduction in the weight of Reliance Industries, ICICI Bank, and Infosys.

Global firms rush to buy Alipay's stake in India's Zomato

Global firms rush to buy Alipay's stake in India's Zomato

Thu, Nov 30, 2023

The stock closed up 2.5 per cent at 116 rupees, nearly on par with the listing price during its market debut.

Zomato shares trade flat a day after China's Alipay sells stake

Zomato shares trade flat a day after China's Alipay sells stake

Thu, Nov 30, 2023

Zomato share price NSE, Zomato block deal news: Chinese third-party mobile and online payment platform Alipay offloaded its entire stake in food delivery giant Zomato in a block deal on Wednesday.

D-Street Newsmakers: Tata Motors, IREDA, Zomato among 10 stocks that buzzed the most today

D-Street Newsmakers: Tata Motors, IREDA, Zomato among 10 stocks that buzzed the most today

Wed, Nov 29, 2023

The Indian stock market marked a new feat in Wednesday’s session as the market capitalisation of the BSE-listed companies crossed the $4 trillion mark

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