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Zomato shares dip 6% despite Q4 FY24 profit surge
Despite recording increased profits quarter-on-quarter for Q4 FY24, Zomato shares declined by 6% to INR 182.10 on Tuesday (May 14th).By 12:20 PM, Zomato's trading...
Homegrown fashion brand Kazo makes bold move into accessories with launch of ‘Kazo Details’, plans aggressive retail expansion
Kazo, a homegrown fashion brand, is betting big on the accessories category with the recent launch of its new brand, Kazo Details. Founder and...
McDonald’s expands McCafe presence in India with 50th outlet launch in Noida
McDonald's, the renowned American fast food chain, has unveiled its 50th McCafe outlet in India, as shared in a recent social media post by...
Dot and Key Skincare appoints Shanaya Kapoor as its brand ambassador
Kolkata-based beauty startup, Dot & Key Skincare, has collaborated with Shanaya Kapoor. This partnership signifies a remarkable milestone for both the brand and Shanaya's...
Australian avocados make their debut in India with cricketer Brett Lee as brand ambassador
Avocados Australia Limited, the official representative of the Australian avocado industry, has announced its entry into the Indian market, featuring cricketer Brett Lee as...
Varun Beverages sees 25% surge in Q1 profit to INR 547.98 Cr, plans expansion in Zimbabwe
Varun Beverages Ltd (VBL), the largest franchise bottler for PepsiCo, reported a 25% rise in consolidated profit after tax to INR 547.98 crore for...
Govt to make quality consumer review norms mandatory for e-commerce platforms to combat fake reviews
In a bid to address the issue of fake reviews, the union government plans to make it mandatory for e-commerce platforms to comply with...
India’s retail inflation eases to 11-month low of 4.83% in April, food prices remain a concern
India's retail inflation softened marginally, hitting an 11-month low of 4.83 percent annually in April, down from 4.85 percent in the previous month, as...
Bernstein raises Zomato’s price target to INR 230, upholds ‘OUTPERFORM’ rating following strong Q4 results
After reviewing Zomato's Q4 results, brokerage firm Bernstein upheld its "OUTPERFORM" rating for the foodtech company's stock and increased its price target (PT) from...
Blackstone-led consortium eyes $8.5 Billion stake in Haldiram snacks, setting stage for India’s largest PE buyout yet
A consortium led by Blackstone, the world’s largest private equity fund, in collaboration with Abu Dhabi Investment Authority (ADIA) and GIC of Singapore, reportedly...
Zomato to expand ‘Everyday’ home-cooked meal service to Bengaluru and Mumbai following successful launch in Gurugram
After successfully launching its home-cooked meal service 'Zomato Everyday' in Gurugram, foodtech major Zomato is now planning to expand and scale the service in...
Zomato seeks shareholder approval for 18.26 Cr employee stock options plan
Zomato, a leading player in the foodtech sector, has sought approval from its shareholders for the formulation, adoption, and implementation of a new employee...