FoodTech
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Zomato shares plummet 5% as Macquarie predicts 47% decline ahead
Foodtech giant Zomato's shares took a hit of around 5% during intraday trading on Friday (May 31), falling to as low as INR 172.5...
Zomato mulls revival of lending business, enters talks with NBFCs for merchant lending
Zomato, a major player in the foodtech industry, has reportedly initiated discussions with various non-banking financial institutions to offer working capital loans to its...
Rapid growth of Zomato and Swiggy to dent QSR sales: BNP Paribas Report
The swift growth and increasing popularity of foodtech giants Zomato and Swiggy are expected to negatively impact sales in the quick-service restaurant (QSR) sector,...
Swiggy reveals burger ordering trends on International Burger Day
To mark International Burger Day 2024, Swiggy, a foodtech giant, has shared insights into burger ordering trends over the past year. With close to...
Zomato continues experimenting new initiatives, rolls out new feature to help users make healthier food choices
After expanding its priority delivery services to Delhi, Hyderabad, and Pune, Zomato, the foodtech giant, has now rolled out a new feature to aid...
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...
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...
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...
Zomato’s subsidiary ZPPL to surrender RBI license as online payment aggregator
Foodtech giant Zomato's subsidiary, Zomato Payment Private Limited (ZPPL), has opted to voluntarily surrender the certificate of authorization granted by the Reserve Bank of...
Zomato’s Q4 net profit surges 27% quarter-over-quarter to INR 175 Cr
Zomato, a major player in the foodtech industry saw its consolidated profit after tax (PAT) surge by 26.8% to INR 175 Cr in the...
Zomato’s shares hit 52-week high at INR 207.30 ahead of Q4 results
Foodtech giant Zomato's shares surged nearly 3% during intraday trading on Monday (May 13), touching a fresh 52-week high at INR 207.30 on the...