Zomato will replace JSW Steel in the BSE Sensex on December 23, becoming the first new-age tech company t ...More

Zomato will replace JSW Steel in the BSE Sensex on December 23, becoming the first new-age tech company to join the index. This move is projected to bring $513 million into Zomato. Zomato's stock has surged significantly in the past year, outperforming the Sensex. The company's improved financials and successful relaunch of Zomato Gold contributed to its growth. ...Less

Zomato will join the Sensex on December 23. JSW Steel will exit the index. This change will bring $513 mi ...More

Zomato will join the Sensex on December 23. JSW Steel will exit the index. This change will bring $513 million into Zomato. JSW Steel will see $252 million leave. Other companies like Mahindra & Mahindra, ITC, Infosys, and Sun Pharma will also see minor changes in their Sensex weighting. These adjustments reflect the changing dynamics of the Indian stock market. ...Less

The Sensex rebalancing by Asia Index Pvt Ltd ensures it reflects India’s evolving market trends. Nuvama p ...More

The Sensex rebalancing by Asia Index Pvt Ltd ensures it reflects India’s evolving market trends. Nuvama projects notable fund flows as institutional portfolios adjust to the changes. Zomato could see $513 million in inflows, highlighting strong investor interest, while JSW Steel's exit may lead to $252 million in outflows. ...Less

Zomato is set to become the first new-age tech stock to enter the 30-share frontline index, replacing JSW ...More

Zomato is set to become the first new-age tech stock to enter the 30-share frontline index, replacing JSW Group in the upcoming rejig. JSW Group is expected to see outflows of $252 million. The index change comes as Zomato’s stock has surged, rising 58% in the last six months and 138% over the past year, far outperforming the Sensex’s 14% return in the same period. ...Less

Hurun India reports Deepinder Goyal as India's second-largest self-made entrepreneur following Zomato's v ...More

Hurun India reports Deepinder Goyal as India's second-largest self-made entrepreneur following Zomato's valuation surge. Radhakishan Damani retains the top spot. The list highlights the impact of self-made entrepreneurs, with their businesses valued at $431 billion. Zepto's Kaivalya Vohra, 21, is the youngest entrepreneur on the list. ...Less

In today's trade, shares of RIL, NTPC Green, IndusInd Bank, Zomato and Vedanta will be in focus due to va ...More

In today's trade, shares of RIL, NTPC Green, IndusInd Bank, Zomato and Vedanta will be in focus due to various news developments. Zomato shares are in focus on Monday as the food delivery giant becomes the first new-age tech company to join the BSE Sensex’s 30-share frontline index. Also, The Board of Indian Oil Corporation (IOC) board approved an investment of Rs 657.33 crore in Yarn Project at Bhadrak, Odisha. ...Less

After a muted earnings performance in the first half of FY25, a recovery is anticipated in H2, fueled by ...More

After a muted earnings performance in the first half of FY25, a recovery is anticipated in H2, fueled by higher rural spending, a strong wedding season, and increased government expenditure. MOFSL projects earnings to grow at a 16% CAGR over FY25-27E. ...Less

Zomato's shares fell nearly 2.6% after a Rs 803 crore GST demand notice. The company plans to appeal the ...More

Zomato's shares fell nearly 2.6% after a Rs 803 crore GST demand notice. The company plans to appeal the order, asserting a strong case. This follows recent scrutiny of Zomato's environmental claims and a Q2 profit report showing 389% growth, though missing estimates. ...Less

Swiggy's stock gains attention as JP Morgan gives an 'overweight' rating with a target price of Rs 730, c ...More

Swiggy's stock gains attention as JP Morgan gives an 'overweight' rating with a target price of Rs 730, citing growth potential in food delivery and quick commerce, and operational efficiency. ...Less

The Indian market is expected to consolidate on December 18, 2024, with muted global cues. Nifty futures ...More

The Indian market is expected to consolidate on December 18, 2024, with muted global cues. Nifty futures closed negative on December 17, while options data suggests a trading range between 23,900 and 24,800. Experts recommended various stocks, including buying Devyani International, Zomato, and RIL, and selling RBL Bank and Pidilite Industries for short-term trading. ...Less

Shares of Zomato and Swiggy are likely to remain in focus due to the GST Council's potential tax cut on f ...More

Shares of Zomato and Swiggy are likely to remain in focus due to the GST Council's potential tax cut on food delivery charges by e-commerce platforms to 5%, effective from January 2024. Zomato's shares closed 2% higher, while Swiggy's surged 11.7%. ...Less

GST Council, chaired by the federal finance minister, may lower the tax on food delivery charges by e-com ...More

GST Council, chaired by the federal finance minister, may lower the tax on food delivery charges by e-commerce operators to 5% from 18%, according to reports. ...Less

This growth story is facing headwinds now in the form of sticky food inflation, tightening of unsecured c ...More

This growth story is facing headwinds now in the form of sticky food inflation, tightening of unsecured credit, weather disruptions impacting supply chain and consumption patterns, as well as a decline in personal disposable income. ...Less

Chances are that the latest phase of correction, sparked by the changed stance of the US Fed, is over. No ...More

Chances are that the latest phase of correction, sparked by the changed stance of the US Fed, is over. Now, unless something dramatic happens after Trump takes office on January 20, it is unlikely that we will see any India-specific selling. Given the current scenario, there are a couple of things investors should keep in mind while taking incremental exposure in the markets. First, remember that valuations are high, as has been the case for a long time. And second, that the markets are likely to be stock-specific in the coming months. It is unlikely that we will see a period where cats and dogs start flying once again. So, be bullish, be specific, and largely keep exposure to the large-cap segment. ...Less

The Indian stock market closed in the green on Monday, breaking a five-session losing streak. Strong gain ...More

The Indian stock market closed in the green on Monday, breaking a five-session losing streak. Strong gains in heavyweight financial and metal stocks, coupled with positive cues from regional markets after subdued U.S. inflation data, lifted the benchmarks higher. ...Less

Indian stock markets witnessed a dramatic turnaround on Wednesday, with the Sensex closing 840 points hig ...More

Indian stock markets witnessed a dramatic turnaround on Wednesday, with the Sensex closing 840 points higher after an initial 1,200-point plunge. The Nifty also recovered, ending the day with a gain of 0.89%. ...Less

Zomato share price: Zomato shares surged up to 6% on Thursday, reaching a fresh all-time high of Rs 304.5 ...More

Zomato share price: Zomato shares surged up to 6% on Thursday, reaching a fresh all-time high of Rs 304.50 on the BSE, driven by investor optimism in food delivery and quick commerce sectors. The stock, set to join the Sensex by December-end, is nearing a Rs 3 lakh crore market capitalization. Positive earnings from rival Swiggy's Q2 boosted investor sentiment towards Zomato. ...Less

Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Ind ...More

Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries. ...Less

Indian markets tumbled on Friday, mirroring global anxieties over the US Federal Reserve's projected slow ...More

Indian markets tumbled on Friday, mirroring global anxieties over the US Federal Reserve's projected slower rate cuts. Heavy selling in financial and IT stocks pushed the Sensex down 1.5% and Nifty 1.52%, as foreign funds flowed out. European markets also declined, while US stocks rebounded slightly after a positive inflation report. ...Less

In the largecap segment, 15 companies saw block deals worth Rs 2,477 crore. RIL led with Rs 461 crore acr ...More

In the largecap segment, 15 companies saw block deals worth Rs 2,477 crore. RIL led with Rs 461 crore across eight deals, followed by Zomato (Rs 343 crore), ICICI Bank (Rs 312 crore), and Bajaj Auto (Rs 241 crore). Other key players included Godrej Consumer (Rs 171 crore), Kotak Mahindra Bank (Rs 160 crore), Nestle India (Rs 137 crore), and HDFC Bank (Rs 114 crore). ...Less

After a few weeks of recovery, the Nifty and Sensex are again under pressure. Are we again back to what w ...More

After a few weeks of recovery, the Nifty and Sensex are again under pressure. Are we again back to what we witnessed in October? Not really. At that time, the Indian markets were singled out from among all the emerging markets and saw largescale FII selling. This time, the drop is more due to global reasons, primarily because the US Fed has indicated that the pace at which it is going to cut rates will be slower. Yes, this will have an impact on the pace at which risk on trade was expected to make a comeback. But this is another event which will eventually get adjusted over some time. On our list today are stocks that have witnessed a continuous rise in their score in the last one month. These stocks depict a strong upward trajectory in their overall average score. This is based on five key pillars, earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. ...Less

One of the most misused and misunderstood ratios is the price to earnings ratio, commonly referred to as ...More

One of the most misused and misunderstood ratios is the price to earnings ratio, commonly referred to as the PE ratio. Consider this: In 2014, a company whose stock price was Rs. 473, had a PE ratio of 44. Cut to December 2024. The stock price is Rs. 2,100, after touching a high of Rs. 2,700 in September, and the PE ratio is 62. Going by conventional wisdom, you would have not bought the stock in 2014. But you would then have missed creating wealth. Now valuation is a combination of numbers and narratives. There is only one way to find value – and multiple ways to evaluate. Join ETMarket’s four-day Value and Valuation workshop for a dive into value investing principles and its application in the real world. ...Less

A look at some of the latest stock recommendations by analysts. These stocks are expected to return betwe ...More

A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 13% and 26% as per analysts’ price targets. ...Less

Sensex surged 809 points, marking its fifth consecutive rise. Analyst Kushal Gandhi advises buying Zomato ...More

Sensex surged 809 points, marking its fifth consecutive rise. Analyst Kushal Gandhi advises buying Zomato, targeting 340 with a stop-loss at 274. He recommends buying HUL only above 2539 and suggests avoiding Dabur due to bearish trends and weak buyer demand. ...Less

The Indian market is predicted to consolidate today, influenced by global trends. Nifty saw gains, closin ...More

The Indian market is predicted to consolidate today, influenced by global trends. Nifty saw gains, closing at 24775. Experts suggest a trading range between 24,200-25,200 for Nifty. Stock recommendations include InterGlobe Aviation, REC, Zomato, Oberoi Realty, Tata Power, IRFC, Tata Motors, Kotak Mahindra Bank, and CESC, with specific target and stop-loss levels. ...Less

There are certain sectors which have a strong relationship with the stage of growth of the economic cycle ...More

There are certain sectors which have a strong relationship with the stage of growth of the economic cycle – or, to put it another way, the per capita income of a country has a relationship with how the sector performs. As the per capita income moves up, the broader topline of the sector also moves up – and at a faster rate. Just to put this in perspective: Today, demand for an air ticket is higher than it was 10 years ago. Similar is the case with expensive cars. It is not only about high-ticket items, even demand for branded garments is higher than what it was just a few years back. As an investor you can only buy a few stocks. So, you need to be careful about what you are buying, why you are buying it, and whether it should be bought at all. ...Less

Zomato QIP which opened on November 25 saw participation from a clutch of domestic investors like Motilal ...More

Zomato QIP which opened on November 25 saw participation from a clutch of domestic investors like Motilal Oswal, ICICI Prudential, and HDFC Mutual Fund, among others. Motilal Oswal took a significant 21% share of the QIP investing around Rs 1,751 crore. ICICI Prudential followed with a 13% stake at around Rs 1,074 crore , HDFC acquired 9% at about Rs 730 crore, and Kotak 6% at Rs 500 crore. ...Less

Zomato has raised ?8,500 crore through a qualified institutional placement priced at ?252.62 per share. D ...More

Zomato has raised ?8,500 crore through a qualified institutional placement priced at ?252.62 per share. Domestic investors including Motilal Oswal, ICICI Prudential, and HDFC Mutual Fund participated. The funds will be used to expand Zomato's quick commerce business, Blinkit, and for advertising and marketing purposes. Blinkit aims to increase its dark stores to 2,000 by 2026. ...Less

Zomato share price: Zomato launches a QIP to raise funds. The company aims to expand Blinkit's footprint. ...More

Zomato share price: Zomato launches a QIP to raise funds. The company aims to expand Blinkit's footprint. Zomato plans to increase dark stores. It will also invest in advertising and marketing. Rivals Swiggy and Zepto have also raised capital. Zomato aims to strengthen its position in the competitive market. The company recently reported increased revenue and profit. ...Less

Indian markets closed lower on Monday, dragged by metal and IT stocks. Investors are cautious ahead of th ...More

Indian markets closed lower on Monday, dragged by metal and IT stocks. Investors are cautious ahead of the US Fed rate decision. A rise in US bond yields and a stronger dollar also impacted market sentiment. The realty sector outperformed due to expectations of a potential rate cut in 2025. ...Less

Zomato share price: Zomato shares are showing bullish potential with resistance at Rs 280. If sustained, ...More

Zomato share price: Zomato shares are showing bullish potential with resistance at Rs 280. If sustained, targets of Rs 320-340 are possible. The stock's inclusion in Sensex boosts investor confidence and liquidity. ...Less

Axis Capital initiated coverage on Swiggy with a ‘buy’ rating and a ?640 target, indicating a 20% upside. ...More

Axis Capital initiated coverage on Swiggy with a ‘buy’ rating and a ?640 target, indicating a 20% upside. The brokerage cites strong food delivery and quick commerce growth, a 38% projected revenue CAGR, improving profitability, and a solid leadership team as key drivers. ...Less

As the bulls make a comeback, some consolidation and volatility are only to be expected. This round of up ...More

As the bulls make a comeback, some consolidation and volatility are only to be expected. This round of upward movement is unlikely to be homogeneous. The upmove is likely to be led by a few sectors – and there, too, by a few select stocks. For investors seeking to increase market exposure, the focus should be on fundamentals. If any improvement on this front has pushed up the overall score of the stock in the last one month, then it is worth a look. The selected stocks on our list depict a strong upward trajectory in their overall average score which is based on five key pillars – earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. ...Less

??Reiterate buy rating on the back of continued revenue momentum in quick commerce Lower competition and ...More

??Reiterate buy rating on the back of continued revenue momentum in quick commerce Lower competition and improving margins in food delivery business would largely offset the impact of competition in quick commerce ...Less

Zomato raised Rs 8,500 crore via QIP, allocating 33.65 crore shares. Funds will support Blinkit expansion ...More

Zomato raised Rs 8,500 crore via QIP, allocating 33.65 crore shares. Funds will support Blinkit expansion, dark stores, and marketing. CEO Goyal waives salary until 2026. ...Less

India's live events industry is booming, projected to reach Rs 143 billion by 2026. Concerts by artists l ...More

India's live events industry is booming, projected to reach Rs 143 billion by 2026. Concerts by artists like Coldplay and Diljit Dosanjh are driving this growth, with ticket prices soaring. Companies like TIPS Music, Saregama India, and Zomato are capitalizing on this trend through partnerships and digital platforms. ...Less

Indian benchmark indices closed lower on Tuesday, mirroring global trends. However, Angel One, Zomato, an ...More

Indian benchmark indices closed lower on Tuesday, mirroring global trends. However, Angel One, Zomato, and Hitachi Energy saw gains. Analysts suggest Angel One could reach Rs 3225, Hitachi Energy Rs 13,900, and Zomato could rally above Rs 300. Investors are advised to maintain stop losses. ...Less

Shares of Zomato, Paytm, Jio Financial, and 52 other companies will be in focus on Friday after BSE revis ...More

Shares of Zomato, Paytm, Jio Financial, and 52 other companies will be in focus on Friday after BSE revised the circuit limits. The price band for 46 stocks, including Zomato, Paytm, and Nykaa, has been set to 10%. Four stocks will have a 5% limit, and five others will see their limits adjusted to 2%. ...Less

Thursday saw the expiry of weekly option contracts, so there was volatility on the street – with a slight ...More

Thursday saw the expiry of weekly option contracts, so there was volatility on the street – with a slight bearish bias. Going forward, expect higher volatility in the market every Thursday. So, if you are taking investment decisions, it would be better to ignore Thursday's index movements. Remember this lesson from history: When the market starts recovering after a corrective phase – as is happening these days – it is led by stocks of good businesses with managements that have experience in dealing with all kinds of adversity. So, focus on what kind of business you are buying. Because, what happened in October and November will be repeated. A quality stock with a robust underlying business will better survive a future downturn. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “Buy” or "Strong Buy". The screener applies different algorithms for all BSE and NSE stocks. ...Less

Zomato's shares surged 7% as it is set to replace JSW Steel in the BSE Sensex, effective December 23. Thi ...More

Zomato's shares surged 7% as it is set to replace JSW Steel in the BSE Sensex, effective December 23. This inclusion follows a year of impressive growth for Zomato, with its stock delivering 130% returns. BSE also announced changes to other indices, adding companies like Jio Financial Services and Adani Green Energy to BSE 100. ...Less

A total of 1,607,933 shares changed hands on the counter till time (IST). ...More

A total of 1,607,933 shares changed hands on the counter till time (IST). ...Less

Swiggy share Price: Swiggy's shares dropped by up to 4.4% to Rs 519.50 on BSE in the morning session on W ...More

Swiggy share Price: Swiggy's shares dropped by up to 4.4% to Rs 519.50 on BSE in the morning session on Wednesday, following the expiry of a mandatory one-month lock-in period. This release unlocked 6.5 crore shares, or 3% of the company's total outstanding shares, for trading. The decline in stock price is attributed to potential profit-booking by pre-IPO investors. ...Less

Swiggy share price: Swiggy's shares surged after CLSA initiated coverage with a Rs 708 target price, citi ...More

Swiggy share price: Swiggy's shares surged after CLSA initiated coverage with a Rs 708 target price, citing significant growth potential in food delivery and quick commerce. CLSA expects Swiggy's execution to improve, leading to accelerated growth and profitability. Swiggy reported a 30% YoY revenue increase in Q2 FY24, and aims to expand its Instamart and Scootsy Logistics operations. ...Less

Top brokerages ICICI Securities, Citi, and Jefferies recommend Allied Blenders, Divi’s Laboratories, and ...More

Top brokerages ICICI Securities, Citi, and Jefferies recommend Allied Blenders, Divi’s Laboratories, and Zomato, highlighting growth in premiumisation, pharma, and food-tech, with strong upside potential for each stock. ...Less

Indian markets declined on Monday, snapping a five-day winning streak. Consumer stocks, led by Godrej Con ...More

Indian markets declined on Monday, snapping a five-day winning streak. Consumer stocks, led by Godrej Consumer's weak Q3 forecast, dragged the indices lower. Investors are awaiting IIP and inflation data for further market direction. ...Less

BSE has revised the circuit limits for 55 stocks. This includes companies like Angel One, Adani Total Gas ...More

BSE has revised the circuit limits for 55 stocks. This includes companies like Angel One, Adani Total Gas, and Cyient. The price band limit is set to 10% for most stocks. Four stocks get a 5% limit and five get a 2% limit. These adjustments are to manage risk and curb excessive volatility. ...Less

Tech-led wealth management firm Dezerv on Monday announced that its total Assets Under Management (AUM) h ...More

Tech-led wealth management firm Dezerv on Monday announced that its total Assets Under Management (AUM) have crossed Rs 10,000 crore mark and is now targeting to achieve Rs 25,000 crore asset base by the end of 2025. This AUM comprises alternative investment fund (AIF), portfolio management service (PMS) and distribution assets. ...Less

Zomato shareholders have overwhelmingly approved a plan to raise ?8,500 crore ($1 billion) through a new ...More

Zomato shareholders have overwhelmingly approved a plan to raise ?8,500 crore ($1 billion) through a new share sale. The move aims to bolster the Indian food delivery giant's finances amid fierce competition in the rapidly expanding quick-commerce sector. ...Less

Morgan Stanley increased its target price for Zomato to Rs 355, indicating a 31.7% upside. The brokerage ...More

Morgan Stanley increased its target price for Zomato to Rs 355, indicating a 31.7% upside. The brokerage firm remains bullish on Zomato due to its strong execution in food delivery and quick commerce, deep balance sheet, and potential for a large profit pool by 2030. ...Less

A total of 773,550 shares changed hands on the counter till time (IST). ...More

A total of 773,550 shares changed hands on the counter till time (IST). ...Less

Zomato's inclusion in the 30-stock benchmark index is driven by a remarkable rally in its stock. Shares o ...More

Zomato's inclusion in the 30-stock benchmark index is driven by a remarkable rally in its stock. Shares of the Deepinder Goyal-led company have surged 45% over the past six months and 133% in 2024, compared to a 10% gain for the Sensex. Further bolstering its financial position, Zomato raised Rs 8,500 crore through a qualified institutional placement (QIP) largely led by domestic investors, the company announced on November 29. ...Less

FMCG major Hindustan Unilever (HUL) board has given its in-principle approval for demerging its ice cream ...More

FMCG major Hindustan Unilever (HUL) board has given its in-principle approval for demerging its ice cream business into a separate listed entity. ...Less

Paytm's sale aligns with its strategy to offload non-core assets and bolster its capital base as it prior ...More

Paytm's sale aligns with its strategy to offload non-core assets and bolster its capital base as it prioritizes scaling its core payments business after a tough year. Recently, the fintech firm sold its entertainment ticketing arm, Paytm Insider, to Zomato for Rs 2,048 crore. ...Less

HDFC Bank is in the final stages of assigning a Rs 12,372 crore car loan portfolio, its second such trans ...More

HDFC Bank is in the final stages of assigning a Rs 12,372 crore car loan portfolio, its second such transaction in two months as the bank seeks to bring down its credit-deposit ratio (CD ratio). ...Less

As of November 5, a significant surge in futures open interest was observed across seven NSE 500 stocks, ...More

As of November 5, a significant surge in futures open interest was observed across seven NSE 500 stocks, highlighting a 40% increase in active futures contracts, indicating increased market participation. ...Less

Indian markets closed higher on Thursday, led by technology stocks. Positive comments from the US Fed Cha ...More

Indian markets closed higher on Thursday, led by technology stocks. Positive comments from the US Fed Chair and anticipation of a dovish RBI policy boosted sentiment. FIIs have also started buying Indian stocks. ...Less

BSE Share Price: BSE and CDSL shares soared to all-time and 52-week highs. BSE added 43 new stocks to its ...More

BSE Share Price: BSE and CDSL shares soared to all-time and 52-week highs. BSE added 43 new stocks to its F&O segment. These include Adani group companies, Paytm, Zomato, and LIC. BSE shares jumped 14%, reaching Rs 5227.75. CDSL shares rose nearly 8%, closing at Rs 1,857. Both stocks have delivered impressive returns over the past year. ...Less

Zomato, a pioneer in India's online food delivery sector, achieved profitability and a $32 bn market cap. ...More

Zomato, a pioneer in India's online food delivery sector, achieved profitability and a $32 bn market cap. Its journey includes a successful IPO, expansion into quick commerce with Blinkit, and entry into the Sensex. Zomato's diversification now includes ticketing, competing with BookMyShow, and its quick commerce venture challenges giants like Amazon and Flipkart. ...Less

Swiggy share price: Swiggy shares surged nearly 13% over two sessions, driven by narrowing losses and str ...More

Swiggy share price: Swiggy shares surged nearly 13% over two sessions, driven by narrowing losses and strong Q2 results. Revenue rose 30% YoY to Rs 3,601.5 crore and 11.77% QoQ. ...Less

Aakash Chaudhry, founder of Aakash Educational Services, has launched Sparkl Edventure, an online tutorin ...More

Aakash Chaudhry, founder of Aakash Educational Services, has launched Sparkl Edventure, an online tutoring platform for students in grades 6-12. The new venture has secured $4 million in seed funding from Zomato's Deepinder Goyal and Zerodha's Nithin Kamath, targeting the growing international curriculum market. Sparkl offers personalised tutoring and well-being coaching, differentiating it from Chaudhry's previous offline-focused venture. ...Less

Food delivery giant Zomato welcomed rival Swiggy’s debut on Dalal Street on Wednesday through a post on X ...More

Food delivery giant Zomato welcomed rival Swiggy’s debut on Dalal Street on Wednesday through a post on X, formerly known as Twitter. ...Less

Food delivery company Zomato will replace JSW Steel in the BSE Sensex as part of the index reconstitution ...More

Food delivery company Zomato will replace JSW Steel in the BSE Sensex as part of the index reconstitution which becomes effective from December 23. ...Less

A Bengaluru techie's online food order sparked debate over a Rs 12 "packing charge" for a Zomato-delivere ...More

A Bengaluru techie's online food order sparked debate over a Rs 12 "packing charge" for a Zomato-delivered shawarma. The packaging featured a Bengaluru FC logo, prompting the customer to question the charge. Bengaluru FC's goalkeeper offered reimbursement as the incident fueled online discussion about charging for packaging used for advertising. ...Less

A concertgoer, Pallab De, criticized Zomato and event organizers for selling Rs 10 water bottles at Rs 10 ...More

A concertgoer, Pallab De, criticized Zomato and event organizers for selling Rs 10 water bottles at Rs 100. Zomato clarified its role as a ticketing partner. The incident triggered online outrage over inflated prices at events. Netizens compared the experience to the 'Squid Games'. Some suggested legal action against the overpricing. ...Less

There is a very old theory on the street: When the market does not decline on bad news, it is probably th ...More

There is a very old theory on the street: When the market does not decline on bad news, it is probably the first indication that the bulls are round the corner. The street reacted to the lower-than-expected GDP numbers as if nothing significant had happened. It suggests that in the two months of relentless selling by FIIs – which saw the Nifty and the broader market correct significantly – a part of this news was already priced in. So there is a real possibility that the bulls might now make a determined comeback attempt.ET Screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks. ...Less

Hemal Jain, Zomato's global head of finance and CFO of Hyperpure, has resigned after six years with the c ...More

Hemal Jain, Zomato's global head of finance and CFO of Hyperpure, has resigned after six years with the company to pursue other opportunities. Her departure follows a recent GST demand notice and another senior management exit. Jain, who played a key role in Zomato's IPO, will leave the company on January 31st. ...Less

Brokerage JM Financial expressed a preference for Zomato over Swiggy, citing Zomato's market dominance an ...More

Brokerage JM Financial expressed a preference for Zomato over Swiggy, citing Zomato's market dominance and superior execution. The report highlights Zomato’s leadership and track record, suggesting it holds an edge over Swiggy, despite Swiggy’s progress in quick commerce with its Instamart vertical. ...Less

A total of 802,268 shares changed hands on the counter till time (IST). ...More

A total of 802,268 shares changed hands on the counter till time (IST). ...Less

If included, Zomato and Jio Financial Services could see inflows worth $607 million and $372 million, res ...More

If included, Zomato and Jio Financial Services could see inflows worth $607 million and $372 million, respectively, said JM. BPCL and Eicher Motors could see outflows of $223-$239 million. ...Less

Motilal Oswal initiated coverage on Swiggy with a "Neutral" rating, citing execution risks and competitio ...More

Motilal Oswal initiated coverage on Swiggy with a "Neutral" rating, citing execution risks and competition. They set a target price of Rs 475, emphasizing Swiggy's growth in quick commerce. ...Less

Macquarie raises Zomato's target price to Rs 130 but maintains an 'underperform' rating due to growth ris ...More

Macquarie raises Zomato's target price to Rs 130 but maintains an 'underperform' rating due to growth risks. Zomato's competitor Swiggy also attracts mixed ratings from brokerages. ...Less

Brokerage firm Macquarie has placed an underperform rating on Zomato, signaling caution on the stock. In ...More

Brokerage firm Macquarie has placed an underperform rating on Zomato, signaling caution on the stock. In contrast, Citi has upgraded Ramco Cements to a "Buy" rating, reflecting optimism about the company's prospects. ...Less

Food and grocery delivery major Zomato has received a tax demand notice of Rs 803.4 crore from GST author ...More

Food and grocery delivery major Zomato has received a tax demand notice of Rs 803.4 crore from GST authorities in Maharashtra, the company said in a stock exchange filing. Zomato reported operating revenue of Rs 4,799 crore in the July-September quarter and a net profit of Rs 176 crore. ...Less

Leading exchange BSE has revised the price band of Adani Total, Paytm, LIC, Jio Financial, Angel One, Zom ...More

Leading exchange BSE has revised the price band of Adani Total, Paytm, LIC, Jio Financial, Angel One, Zomato among 55 stocks to 10% with effect from November 29. ...Less

Zomato's stock is showing positive momentum. The stock recently bounced back from its 100-day moving aver ...More

Zomato's stock is showing positive momentum. The stock recently bounced back from its 100-day moving average. Experts predict it will reach Rs 300 in the coming weeks. The company plans to raise funds for Blinkit expansion. This will strengthen its quick commerce position. Zomato's inclusion in the Sensex is a significant milestone. ...Less

Edtech entrepreneur Aakash Chaudhry launches Sparkl Edventure. The platform offers online tutoring for st ...More

Edtech entrepreneur Aakash Chaudhry launches Sparkl Edventure. The platform offers online tutoring for students in grades 6-12. Sparkl focuses on IB and Cambridge curricula. Zomato's Goyal and Zerodha's Kamath invest $4 million. The startup has started enrolling students from India and Singapore. ...Less

Major e-commerce platforms like Zomato, Ajio, and Ola are pledging to enhance online shopper safety. This ...More

Major e-commerce platforms like Zomato, Ajio, and Ola are pledging to enhance online shopper safety. This voluntary commitment, announced on National Consumer Day, aims to curb the sale of unsafe products. The initiative addresses the growing e-commerce market and requires platforms to cooperate with authorities and educate sellers on product safety. ...Less

Swiggy's IPO launch sparks debate on the better investment: Swiggy or Zomato. Zomato, currently profitabl ...More

Swiggy's IPO launch sparks debate on the better investment: Swiggy or Zomato. Zomato, currently profitable with a larger market share, has seen a stock surge. Analysts believe Swiggy, though currently unprofitable, might become a stronger competitor post-IPO with funds directed towards expansion and achieving profitability. While Zomato holds experience, Swiggy's IPO discount presents a compelling opportunity for investors. ...Less

The risk-reward for the stock is attractive as it is valued at an estimated Enterprise Value (EV) to Reve ...More

The risk-reward for the stock is attractive as it is valued at an estimated Enterprise Value (EV) to Revenue of 6.2 times, as against 9 times for Zomato, said the brokerage. ...Less

Jio Financial Services and Zomato are likely to join the Nifty 50, replacing BPCL and Eicher Motors, acco ...More

Jio Financial Services and Zomato are likely to join the Nifty 50, replacing BPCL and Eicher Motors, according to a JM Financial report. This signals a shift towards India's booming financial and digital sectors. The NSE recently added 45 stocks to its F&O segment, including Zomato, DMart, BSE, YES Bank, Paytm, and LIC. ...Less

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stor ...More

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look. ...Less

Swiggy got listed at Rs 420, a jump of nearly 8 per cent from the issue price on the NSE. ...More

Swiggy got listed at Rs 420, a jump of nearly 8 per cent from the issue price on the NSE. ...Less

Indian food delivery giant Zomato received Rs 803 crore GST notice. The government says Zomato should pay ...More

Indian food delivery giant Zomato received Rs 803 crore GST notice. The government says Zomato should pay tax on delivery fees. Zomato argues it passes fees to delivery workers. This dispute covers October 2019 to March 2022. Zomato plans to fight the demand. A similar notice was sent to Swiggy. This case could impact other delivery services. ...Less

Swiggy share price: Swiggy shares rose 4% after UBS initiated coverage with a 'buy' rating and target pri ...More

Swiggy share price: Swiggy shares rose 4% after UBS initiated coverage with a 'buy' rating and target price of Rs 515, citing growth potential in online food delivery and quick commerce amid improving margins. ...Less

Food delivery giant Swiggy debuted on the stock market with a modest 8% premium, reaching a market capita ...More

Food delivery giant Swiggy debuted on the stock market with a modest 8% premium, reaching a market capitalization exceeding ?1 lakh crore. Despite a lukewarm response from non-institutional investors, the IPO saw strong interest from institutional and retail investors. ...Less

Indian food delivery apps race to deliver meals in 10 minutes. Zomato, Swiggy, Zepto and others battle fo ...More

Indian food delivery apps race to deliver meals in 10 minutes. Zomato, Swiggy, Zepto and others battle for impatient consumers. Some companies use in-house kitchens, others partner with restaurants. This rapid delivery raises concerns about food quality and health. The market is expected to grow significantly. Companies assure quality is maintained despite the speed. ...Less

A dispute has arisen regarding Zomato’s claim of "100% Green Deliveries" after shareholder Rajesh Sawhney ...More

A dispute has arisen regarding Zomato’s claim of "100% Green Deliveries" after shareholder Rajesh Sawhney questioned the company's environmental practices. CEO Deepinder Goyal responded by providing evidence of Zomato's carbon offsetting efforts, plastic recycling initiatives, and progress towards electric vehicle adoption. Goyal reaffirmed the company’s goal to achieve Net Zero emissions by 2030, despite challenges. ...Less

Zomato-owned quick-commerce platform Blinkit has a new CFO. Vipin Kapooria will oversee finances for the ...More

Zomato-owned quick-commerce platform Blinkit has a new CFO. Vipin Kapooria will oversee finances for the quick-commerce platform. Zomato recently raised funds to expand Blinkit. Kapooria's appointment follows the exit of the previous CFO over two years ago. Blinkit aims to expand its dark store network significantly. Competition is heating up with rivals like Zepto and Swiggy Instamart. ...Less

Zomato's market cap nears 3 lakh crore rupees, exceeding companies like Tata Motors. This surge is driven ...More

Zomato's market cap nears 3 lakh crore rupees, exceeding companies like Tata Motors. This surge is driven by growth prospects. Swiggy, trading at a 30-35% discount, presents a compelling investment opportunity. Both companies are expected to grow. Zomato's inclusion in Nifty adds to its appeal. Jani recommends short-term tactical plays on both platforms. ...Less

Food delivery giant Swiggy's IPO, valued at Rs 11,327 crore, opens tomorrow with a muted grey market prem ...More

Food delivery giant Swiggy's IPO, valued at Rs 11,327 crore, opens tomorrow with a muted grey market premium. Despite facing losses, the company aims to raise more than rival Zomato's 2021 IPO. Experts are divided, with some advising caution due to Swiggy's financial performance and others suggesting a long-term perspective. ...Less

IDFC FIRST Bank and Hurun India released the second edition of their top 200 self-made entrepreneurs list ...More

IDFC FIRST Bank and Hurun India released the second edition of their top 200 self-made entrepreneurs list. Radhakishan Damani secured the top spot. Avenue Supermarts, his company, is valued at over INR 3.4 Lakh Cr. Deepinder Goyal's Zomato ranks second. The list features both unicorn and non-unicorn companies. Mumbai, Bengaluru, and Gurugram are key headquarter locations for these top companies. ...Less

While Zomato leads when it comes to cash flows, its money-losing rival appears to be scoring higher where ...More

While Zomato leads when it comes to cash flows, its money-losing rival appears to be scoring higher where sentiment is concerned. This partly explains the 53% surge in Swiggy’s share price since its listing last month — a remarkable comeback by a stock that was expected to struggle on debut. ...Less

Here are the large, mid, and smallcap stocks that mutual funds bought and sold in November, according to ...More

Here are the large, mid, and smallcap stocks that mutual funds bought and sold in November, according to the Mutual Fund Insights report by Nuvama Alternative & Quantitative Research. ...Less

Union Minister Nitin Gadkari highlighted the food delivery sector's significant role in generating employ ...More

Union Minister Nitin Gadkari highlighted the food delivery sector's significant role in generating employment, projecting a rise in delivery workers from 7.7 million to 25 million by 2030. He also expressed concern over road accidents, urging for better training and safety measures, particularly for two-wheeler riders, citing the high number of fatalities. ...Less

In a viral LinkedIn post, Sheldon Aranjo wrote an open letter directed at Zomato CEO Deepinder Goyal and ...More

In a viral LinkedIn post, Sheldon Aranjo wrote an open letter directed at Zomato CEO Deepinder Goyal and the head of EVA Global Events, the organizers of the multi-city tour. His post, which included a graphic image of the incident, ignited significant backlash and widespread criticism on social media. ...Less

The ET Awards celebrated India's manufacturing resurgence. Kumar Mangalam Birla won Business Leader of th ...More

The ET Awards celebrated India's manufacturing resurgence. Kumar Mangalam Birla won Business Leader of the Year. Mahindra & Mahindra was named Company of the Year. Ashwini Vaishnaw received the Business Reformer award. Venu Srinivasan got the Lifetime Achievement Award. Vishakha Mulye won Businesswoman of the Year. The jury recognized companies with strong performances and impactful individuals. ...Less

Happy Monday! Insurtech startups are opting for an offline strategy for deeper market reach. This and mor ...More

Happy Monday! Insurtech startups are opting for an offline strategy for deeper market reach. This and more in today’s ETtech Morning Dispatch. ...Less

Bernstein raises Paytm target price to Rs 1,000, maintaining 'Outperform' rating. Optimistic outlook with ...More

Bernstein raises Paytm target price to Rs 1,000, maintaining 'Outperform' rating. Optimistic outlook with potential 100% upside, but downside risk of 40% in bear case. Shares rise 2%. ...Less

The ET Awards for Corporate Excellence jury, chaired by Mukesh Ambani, met at the St. Regis Mumbai. Kumar ...More

The ET Awards for Corporate Excellence jury, chaired by Mukesh Ambani, met at the St. Regis Mumbai. Kumar Mangalam Birla and the Aditya Birla Group saw multiple wins. Ashwini Vaishnaw and Venu Srinivasan were also honored, reflecting a celebration of business leadership and innovation. ...Less