Zomato Ltd

(ZOMATO)

Zomato Shares Rise Amid CEO's Controversial Job Offer - 21 Nov, 2024

Zomato shares increased by 1.16% as the company faced backlash over a Chief of Staff job requiring a Rs 20 lakh fee and no salary for the first year. Despite criticism, the stock remains resilient, reflecting investor interest.

Zomato CEO Announces Unique Chief of Staff Role - 20 Nov, 2024

Zomato's CEO Deepinder Goyal shares insights on IPO impacts and announces a controversial Chief of Staff position requiring a Rs 20 lakh fee with no salary for the first year.

Zomato Reports Growth Amid Controversies and Pricing Power - 19 Nov, 2024

Zomato's Q2 profit soared to Rs 176 crore, with a 69% revenue increase. The company anticipates 30% growth in meal delivery, despite concerns over suspicious restaurants in Chandigarh.

Zomato Expands Ventures and Sees Market Growth - 18 Nov, 2024

Zomato has launched the District app, reported strong financials, and received a bullish outlook from Morgan Stanley, indicating potential for significant stock growth.

Zomato Stock Updates and New Initiatives - 17 Nov, 2024

Zomato's stock shows bullish potential with a recent rebound. The company launched the District app and trained delivery partners in hospitality. A viral delivery story also gained attention.

Zomato Expands Offerings and Gains Analyst Support - 16 Nov, 2024

Zomato is expanding its services with the launch of the District app for dining and events, while Morgan Stanley projects significant upside for the stock. The company also supports boxer Neeraj Goyat, boosting brand visibility.

Zomato's Stock Performance and Future Prospects - 15 Nov, 2024

Zomato's stock is experiencing positive momentum, with potential Nifty 50 inclusion and a planned $1 billion QIP. CEO congratulates Swiggy on its debut, reflecting industry camaraderie.

Zomato Reports Profit Surge, Eyes Nifty Inclusion - 14 Nov, 2024

Zomato's Q2 FY24 profit soared 389%, while revenue increased 68%. The company targets a $1 billion QIP and anticipates potential Nifty 50 inclusion, boosting investor interest.

Zomato Faces Mixed Analyst Ratings and Regulatory Scrutiny - 13 Nov, 2024

Zomato's stock is under scrutiny as analysts provide mixed ratings, with Macquarie predicting a 50% drop while JM Financial remains bullish. CAIT raises concerns over regulatory compliance in quick commerce. Zomato shares have recently fallen 13% from highs.

Zomato Engages in Sponsorship and Financial Literacy Initiatives - 12 Nov, 2024

Zomato is actively addressing a CCI probe while collaborating with NSE to promote financial literacy among delivery partners. Additionally, CEO Deepinder Goyal sponsors boxer Neeraj Goyat.

Zomato Launches New Features Amid Antitrust Clarifications - 11 Nov, 2024

Zomato has introduced a WhatsApp ordering service and a 'Food Rescue' feature to reduce food waste. The company also clarified misleading reports regarding an antitrust investigation, asserting compliance with competition laws.

Zomato Introduces 'Food Rescue' to Combat Waste - 10 Nov, 2024

Zomato has launched a new feature called 'Food Rescue' that allows customers to purchase canceled orders at reduced prices, aiming to minimize food waste. CEO Deepinder Goyal highlighted the initiative's potential to benefit customers, restaurants, and delivery partners while addressing the issue of over 400,000 canceled orders monthly.

Zomato Faces Antitrust Probe, Shares Decline - 09 Nov, 2024

The Competition Commission of India found Zomato and Swiggy engaged in anti-competitive practices, including exclusivity agreements with restaurants, leading to a 3% drop in Zomato's shares.

Zomato Faces Antitrust Scrutiny, Shares Decline - 08 Nov, 2024

Zomato has been found by India's Competition Commission to have breached competition laws through exclusive contracts and pricing restrictions, leading to a 3% drop in shares.

Zomato Market Cap Rises Amid Swiggy IPO Interest - 07 Nov, 2024

Zomato Ltd. shares increased by 1.64%, raising its market capitalization by ₹3,711 crore. The rise reflects investor optimism amid competitive pressures from Swiggy's IPO.

Zomato Maintains Lead Over Swiggy in Market - 06 Nov, 2024

Swiggy lags behind Zomato in food delivery and quick commerce, with Zomato reporting profits while Swiggy faces significant losses. Analysts suggest long-term investment in Swiggy due to reasonable valuation.

Zomato's Market Growth and Recent Developments - 05 Nov, 2024

Zomato faces scrutiny over packaging issues but sees growth in market share and profitability. Recent acquisitions and viral delivery stories highlight its evolving business landscape.

Zomato Faces Food Safety Issue Amid Market Growth - 04 Nov, 2024

Zomato's Hyperpure warehouse faced scrutiny after mislabeled mushrooms were found during an FSSAI raid, attributed to a vendor error. Despite this, Zomato's market cap has surged to over $25 billion, reflecting strong operational performance and profitability compared to competitors.

Zomato Faces Compensation Order Over Delivery Error - 03 Nov, 2024

Zomato's shareholding in Adonmo has decreased to 17% following a recent fundraising round. Additionally, Zomato was ordered to compensate a customer for a delivery error.

Zomato Reports Strong Growth and Fundraising Plans - 02 Nov, 2024

Zomato's share price surged 129.8% over the past year, driven by rising profits and a revenue CAGR of 56%. The company turned profitable in FY2024 and plans to raise Rs 85 billion through QIP. Blinkit aims to establish 2,000 stores by 2026.