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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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MOFSL sees 30% upside in Zomato. Key reasons why the brokerage is bullish on stock

MOFSL sees 30% upside in Zomato. Key reasons why the brokerage is bullish on stock

Mon, Apr 17, 2023

Zomato shares today: Zomato Gold is expected to aid the growth of the company. "Strong early signs of Gold adoption (900k in the first month itself), in our opinion, should help Zomato improve growth as order frequency should improve after declining in recent quarters," the brokerage said.

Yulu ties up with Zomato to provide e-scooter for food deliveries

Yulu ties up with Zomato to provide e-scooter for food deliveries

Mon, Apr 03, 2023

Yulu has joined hands with Zomato for providing 25,000-35,000 units of its purpose-built e-scooter DeX to the latter's delivery partners for last-mile delivery on custom-made rental plans, a statement said on Monday.

Zomato Gold vs Swiggy One: Will Zomato be able to grab the market share from Swiggy?

Zomato Gold vs Swiggy One: Will Zomato be able to grab the market share from Swiggy?

Sat, Mar 25, 2023

As per a report by HSBC Global Research, Gold has enabled Zomato to eat into Swiggy’s market share in Q4FY23

'Don't deliver bhaang', Zomato tells user; Delhi Police joins in

'Don't deliver bhaang', Zomato tells user; Delhi Police joins in

Wed, Mar 08, 2023

As Holi posts and memes flood social media ahead of the festival of colours, a post by Zomato saying that they "don't deliver bhaang ki goli", has gone viral. Twitter user Shubham had been repeatedly enquiring if the platform delivers "bhaang ki goli".

Should you buy, sell or hold Axis Bank, BHEL, Bajaj Auto, Zomato, Star Health, IT shares?

Should you buy, sell or hold Axis Bank, BHEL, Bajaj Auto, Zomato, Star Health, IT shares?

Thu, Mar 02, 2023

Most brokerages are bullish on Axis Bank after the private lender completed the acquisition of Citibank's consumer businesses in India, and see the fading momentum in the Adani cement business helping other heavyweights in the sector, such as Shree Cement and UltraTech. Here's how the brokerages rate stocks such as Bajaj Auto, Zomato, Star Health and BHEL.

Swiggy, Zomato flag 'misinterpretation' of bike-taxi ban order in Delhi

Swiggy, Zomato flag 'misinterpretation' of bike-taxi ban order in Delhi

Wed, Mar 01, 2023

The food delivery platforms have sought clarification from the government on the directive while claiming that there has been misinterpretation of the notice as the ban is applicable on bike taxi service providers.

Zomato looks at increasing commission charges by 2-6% from restaurants: Reports

Zomato looks at increasing commission charges by 2-6% from restaurants: Reports

Mon, Feb 27, 2023

The food aggregator and delivery company Zomato has reportedly approached partner restaurants to increase commission charges and bring it on parity with its rivals

Zomato shares rally on home-style food service launch; Morgan Stanley is Overweight, recommends buy

Zomato shares rally on home-style food service launch; Morgan Stanley is Overweight, recommends buy

Fri, Feb 24, 2023

Market Expert Ambareesh Baliga opines that the service may be successful as customers may continue ordering food from Zomato on a daily basis.

Zomato Launches New Service 'Everyday' Offering Home-Cooked Meals Starting At Rs 89

Zomato Launches New Service 'Everyday' Offering Home-Cooked Meals Starting At Rs 89

Fri, Feb 24, 2023

Zomato has launched a new Zomato Everyday service. The new service aims to offer food that tastes like home. Zomato claims this food will be cooked by 'real home-chefs' at affordable prices. The company has claimed that the home-made food won't be expensive. The online food ordering service will provide food starting at a price of Rs 89.

Zomato Everyday: Now order home-cooked meals at just Rs 89

Zomato Everyday: Now order home-cooked meals at just Rs 89

Wed, Feb 22, 2023

Zomato food delivery: Zomato Everyday is currently available in select areas of Gurgaon only.

Zomato shares soar on the back of block deals | Check what brokerage recommend

Zomato shares soar on the back of block deals | Check what brokerage recommend

Tue, Feb 21, 2023

Food delivery platform Zomato's shares rose on Feb 21 on the back of a slew of block deals

Zomato shares zoom for 4th day in a row; check out the key trigger today

Zomato shares zoom for 4th day in a row; check out the key trigger today

Tue, Feb 21, 2023

Zomato share price today BSE, NSE: Around 28 lakh shares of Zomato changed hands on Tuesday in multiple block deals, Zee Business reported. Read on to know more on the Zomato stock.

Zomato setting up 'Rest Points' for delivery partners

Zomato setting up 'Rest Points' for delivery partners

Thu, Feb 16, 2023

Online food delivery platform Zomato on Thursday said it is building public infrastructure called 'Rest Points' to support the entire gig economy and delivery partners of various companies.

RBI publishes list of 54 existing online payment aggregators

RBI publishes list of 54 existing online payment aggregators

Wed, Feb 15, 2023

"All stakeholders are advised to transact with only those existing PAs who have been granted in-principle authorisation or whose application is currently under process," the RBI said.

No attrition problem at top level, says Zomato CEO

No attrition problem at top level, says Zomato CEO

Wed, Feb 15, 2023

Zomato Founder and CEO Deepinder Goyal on Tuesday said there is no attrition problem at the senior level at the company and more than 50 per cent of the top 50 people at the online food delivery platform are working for more than seven years.

Mutual Funds net flow in January 2023 jumps 70% on a month-on-month basis; Auto sector sees maximum traction

Mutual Funds net flow in January 2023 jumps 70% on a month-on-month basis; Auto sector sees maximum traction

Tue, Feb 14, 2023

The total weightage of the auto segment grew by 51 basis points (bps) to 8.4 per cent, followed by IT which was up 41 bps to 10.1 per cent in January.

Zomato: Investors Should Love Or Hate, How is Company's Fundamental & Growth Outlook?

Zomato: Investors Should Love Or Hate, How is Company's Fundamental & Growth Outlook?

Tue, Feb 14, 2023

This Valentine's Day know why to love and why to hate Zomato shares from Arman and Nupur. Watch this video for more details.

Man orders bread through Blinkit, gets live rat trapped in it – Watch Video!

Man orders bread through Blinkit, gets live rat trapped in it – Watch Video!

Sat, Feb 11, 2023

A customer name Nitin Arora has tweeted an image that shows a live rat being trapped in a bread packet delivered by Blinkit – formerly known as Grofers – a last-minute app.

Brokerages mixed view on Zomato shares post Q3FY23 results--Check Targets Here

Brokerages mixed view on Zomato shares post Q3FY23 results--Check Targets Here

Fri, Feb 10, 2023

The stock of Zomato succumbed to selling pressure on Feb 10, a day after the food delivery firm reported a set of financial results for the quarter ended December 2022 that exceeded analysts' estimates.

Zomato shares: 84% upside possible? Food delivery startup surprises the Street with better-than-expected Q3 results

Zomato shares: 84% upside possible? Food delivery startup surprises the Street with better-than-expected Q3 results

Fri, Feb 10, 2023

Zomato shares recovered uch of their initial losses on Friday, a day after the food delivery startup reported a better-than-expected set of earnings. Brokerages have lined up targets as high as Rs 100 per share for Zomato — envisaging upside potential of 83.8 per cent in the stock from its closing price on Thursday.

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