Zomato delivery executive’s late-night order reveals untold story; Internet urges Deepinder Goyal to 'do more'
Himanshu Bohra’s encounter with Zomato delivery executive Shiva Sarkar shed light on the hardships faced by workers in the gig economy. Bohra urged Zomato CEO Deepinder Goyal to support delivery partners through upskilling programs and financial help. The story sparked widespread online discussions about the balance between profitability and workers' well-being. Govt launches AI tools, ecommerce safety measures to boost consumer protection
Pralhad Joshi introduced new consumer protection measures, including an AI-enabled helpline and tools to detect deceptive practices. Major ecommerce players, like Reliance Retail and Tata Sons, pledged to enhance online shopping safety. Joshi noted significant progress in resolving consumer disputes. The government is also drafting new guidelines to regulate surrogate advertising. Zepto’s cash burn and the high-stakes game of quick commerce
Founded by two Stanford dropouts, quick commerce upstart Zepto has carved out its space alongside Zomato's Blinkit and Swiggy's Instamart. After Swiggy's November listing and Zomato's public debut in July 2021, Zepto remains the only private player among the big three. Real Estate, Financials and Defence to lead market recovery: Neeraj Dewan
?So, whether it is infrastructure which I feel is one space where the government spending is also picking up and should pick up faster now when you are reaching close to the end of the third quarter. So, infrastructure is one space that I am very positive. FMCG giants need some tricks as India’s consumption growth faces a critical slowdown
India's consumption growth faces obstacles such as food inflation, credit tightening, and supply chain disruptions. Despite this, rural demand, driven by good monsoons and election spending, is surging. Major FMCG companies are adapting by offering value packs and using e-commerce strategies to maintain growth. Ahead of Market: 10 things that will decide D-Street action on Tuesday
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. Electronics sales on q-comm; Oyo acquires G6 Hospitality
Consumers are now shopping for electronics on quick commerce platforms. This and more in today’s ETtech Top 5. Zomato becomes first new-age tech firm to join Sensex: what’s the significance?
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. 'You already earn crores per hour'. Shark Tank judges react after YouTuber Gaurav Taneja, aka Flying Beast, pitches his nutrition brand
In a recently unveiled promo for Shark Tank India Season 4, renowned social media influencer Gaurav Taneja, widely recognized as Flying Beast, showcases his sports nutrition venture, Beast Life. While pitching his brand, Gaurav emphasizes his remarkable follower statistics. Sensex rejig in December: Zomato to see $513 million inflows amid shake-up for 6 stocks!
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. Zomato shares in focus as Sensex entry likely to attract $513 million inflows
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. Stocks in news: RIL, NTPC Green, IndusInd Bank, Zomato, Vedanta, IOC
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. Zomato and Zerodha founders back Aakash Chaudhry’s edtech comeback
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. Online electronics sale quickens through shift to quick commerce
Online electronics sales are booming in India. Quick commerce platforms are delivering appliances fast. Consumers are comfortable buying large items online now. Online sales grew from 32% to 34% this year. This represents an ?11,000 crore shift. Smartphones still dominate online sales. However, other electronics are gaining traction. Zomato, Zerodha founders back Aakash Chaudhry's edtech comeback Sparkl Edventure
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. Ahead of Market: 10 things that will decide stock market action on Monday
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. 2025: A tale of two halves; ICICI Bank, Zomato among Motilal Oswal’s top 10 picks
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. Sensex rejig on Monday: Zomato to replace JSW Steel, $513 million inflows expected
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. Block deals worth over Rs 5,683 crore this week. Reliance Industries, HDFC Bank among stocks with major action
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). Navigating the new normal: Key Lessons for Startups from 2024
The startup landscape shifted dramatically in 2024, emphasizing resilience, monetization, and profitability. Founders are prioritizing sustainable growth and early revenue generation, while investors focus on strong fundamentals and experienced teams. This recalibration reflects a move towards long-term value creation over speculative hyper-growth. Top startup and tech stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look. Small Nuances, Big Gains: Is the P/E ratio of 164 of Zomato justified? Learn how to value a business before buying a stock
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. Indian unicorns see net workforce decline amid layoffs, restructuring: report
Indian unicorns saw a 4.5% average attrition rate over the past year, with a net decrease of about 6,700 employees. Despite overall decline, hiring surged in March 2024, led by companies like Paytm and BigBasket. Delhi-NCR experienced the highest workforce growth, while Mumbai, Pune, and Hyderabad saw reductions. Disruptive 10-minute deliveries spread to India’s food business
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. Year in Review: Decoding startup funding in 2024
Happy Friday! Indian startups show early signs of funding recovery after 2023 slowdown. This and more in today’s ETtech Morning Dispatch. Techie calls out Zomato over Bengaluru FC ad charge. Football club's goalie Gurpreet Singh Sandhu responds
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. Over 40 Indian startup leaders transitioned between founding and executive roles in 2024: report
Per data shared by executive search firm Longhouse Consulting, the year saw a trend in the startup ecosystem of some leaders choosing to move away from their cofounder roles to take on senior executive positions, bringing their entrepreneurial expertise to established firms. Blinkit appoints former Flipkart executive Vipin Kapooria as CFO
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. Zomato shares 1.09% as Nifty
A total of 1,607,933 shares changed hands on the counter till time (IST). Hemang Jani likes Zomato, Swiggy as tactical bets; how would you like to play these platform companies?
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. Swiggy shares jump nearly 2% as JP Morgan initiates coverage, sets Rs 730 target
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. ICICI Bank and Times Internet launch super-premium credit card
ICICI Bank and Times Internet have launched a super-premium credit card, 'Times Black,' crafted from historic Times of India printing plates. Targeting ultra high-net-worth individuals, the card offers exclusive benefits like lounge access, reward points, and even helicopter rides. The annual fee is ?20,000, waived for yearly expenditures of ?25 lakh. Which engineering, MBA colleges produced maximum number of India's top 200 self-made entrepreneurs
The 2024 edition of India’s Top 200 Self-Made Entrepreneurs highlights the educational institutions that shaped the nation’s top innovators. IIT Delhi leads with 36 founders, followed by IIT Bombay and IIT Kharagpur. For postgraduate studies, IIM Ahmedabad tops the list with 16 entrepreneurs, followed by the Indian School of Business with 10. Over 50% of the entrepreneurs have engineering backgrounds, showcasing the dominance of technical education in driving entrepreneurial success. Techie calls out Zomato for overpriced Rs 100 water bottle, internet draws comparison with Squid Games, Zomato reacts
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. Hurun Self-Made Entrepreneurs: Youngest founder is 21-year-old Zepto founder, check full list here
Hurun India unveiled its 2024 list of top self-made entrepreneurs. Radhakishan Damani secured the top spot. Deepinder Goyal's Zomato ranked second. Several non-unicorn companies featured in the top ten. Young entrepreneurs like Zepto's founders and BharatPe's Shashvat Nakrani also made the list. Three leading companies are based in Mumbai, Bengaluru, and Gurugram. Quality and low volatility stocks poised to shine in 2025: Karthik Kumar
?So, we have seen a good healthy rally and what we have seen over the last three months is a natural, is also part of the markets and it is a very natural part of the markets where markets do cool off at certain points in time. This time around they were driven by essentially two aspects. Hurun releases list of India's top 200 self-made entrepreneurs: Check top 10 founders of the millennia
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. Zomato CEO Deepinder Goyal crowned India's 2nd biggest self-made entrepreneur, Swiggy founders 3rd: Hurun list
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. F&O expiry and Fed concerns driving broad-based selling: Rahul Shah
?So, to play indirectly or directly whatever you say, but in the list is where the comfort is more in terms of valuation is like Tata Power is what we have been liking and we have been adding in our portfolios for our clients to play this space. Magicpin rolls out 15-minute food delivery service
Magicpin has entered the quick delivery sector with a 15-minute food delivery service. Food delivery service will be provided within a 1.5 km to 2 km radius. Initial launch will be conducted in Bangalore, Hyderabad, Mumbai, Chennai, Delhi-NCR, and Pune. Anshoo Sharma, cofounder and chief executive of the firm said that platform will not be operating using a dark store model. Food delivery economy crucial as it generates large-scale employment: Nitin Gadkari
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. Zomato set for index inflow as Swiggy soars post IPO
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. Zomato, Swiggy shares in focus as GST council considers cutting food delivery GST to 5%
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%. Bryan Adams fan who was 'paid to pee' in his pants at Mumbai concert, slams Zomato CEO Deepinder Goyal
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. Stocks in news: HDFC Bank, Swiggy, Vedanta, Zomato, Mindspace REIT, Religare Enterprises
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. ET Awards for Corp excellence: Manufacturing takes the gold in silver jubilee year
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. ET Awards for Corp Excellence: Punters betting on India's - and the world's - future
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. ET Awards 2024: Zomato wins Emerging Company award; here's how profitability milestone, diversification push propelled it to Sensex
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. Zomato's global finance head Hemal Jain resigns
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. Ahead of Market: 10 things that will decide stock market action on Tuesday
Tax panel may consider lowering GST on online food delivery fees, report says
Tax panel may consider lowering GST on online food delivery fees, report saysThe GST Council, chaired by India’s finance minister, may reduce the tax on food delivery charges by e-commerce platforms from 18% to 5%, effective January 1, 2024, according to sources. However, food delivery platforms like Zomato and Swiggy will not be allowed to claim tax credits. This follows a tax demand from Zomato. Zomato to see $513 million inflow after Sensex inclusion next week: Nuvama
Zomato to see $513 million inflow after Sensex inclusion next week: NuvamaZomato 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. 4 reasons why Axis Capital backs Swiggy for Rs 640 stock price
4 reasons why Axis Capital backs Swiggy for Rs 640 stock priceAxis 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. 13-14% market returns possible with GDP and efficiency gains for next 5 years: Sandip Sabharwal
Mumbai CEO requests Zomato, Swiggy, Zepto to stop India’s junk food addiction, asks people to cook
Zomato shares 0.26% as Nifty
Insurtech’s offline push; GST heat on Zomato explained
ETtech Explainer: What’s behind the Rs 803-crore GST demand on Zomato?
ETtech Explainer: What’s behind the Rs 803-crore GST demand on Zomato?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. India Inc raises record Rs 1.21 lakh crore via QIPs till Nov in 2024
India Inc raises record Rs 1.21 lakh crore via QIPs till Nov in 2024Indian companies raised a record-breaking Rs 1.21 lakh crore through Qualified Institutional Placements (QIPs) in 2024, a two-fold increase from the previous year. Strong market conditions and high valuations fueled this surge, with 82 companies utilizing QIPs until November. Major players like Vedanta and Zomato led the fundraising, bolstering financial reserves and capitalizing on positive investor sentiment. Zomato, Ajio & Ola to adopt Safety Pledge to protect online consumers on December 24
Zomato, Ajio & Ola to adopt Safety Pledge to protect online consumers on December 24Major 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. Zomato shares slip over 2% after company gets Rs 803 crore GST notice
Zomato’s tax trouble; Bluestone’s IPO valuation
Stocks in news: Tata Motors, RIL, HAL, Zomato, Jk Tyre, JSW Energy
Zomato receives tax demand of Rs 803 crore from GST authorities
Zomato receives tax demand of Rs 803 crore from GST authoritiesFood 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. Blinkit enters 10-minute food delivery space with Bistro app
Blinkit enters 10-minute food delivery space with Bistro appThe ultra-quick service, which has been rolled out in a few localities of Gurugram, offers food items like samosas, burgers, sandwiches and pastas. In 2022, Zomato, through its primary offering, had experimented with 10-minute delivery of food in Gurugram but later discontinued the pilot programme. It later launched Zomato Everyday, which offers meals prepared by home cooks from centralised kitchens in relatively shorter timeframes. Zomato, RIL, and BSE among stocks that mutual funds bought and sold in November
Was Zomato CEO Deepinder Goyal booted out of Shark Tank India 4?
Was Zomato CEO Deepinder Goyal booted out of Shark Tank India 4?Shark Tank India 4 is set to premiere in January 2025, and its newly unveiled trailer has already generated excitement among fans. This season will feature new additions to the panel of Sharks, but the absence of some well-known personalities has raised questions. Swiggy launches invite-only membership programme One Blck
Swiggy launches invite-only membership programme One BlckThe offering, which is a tier above its existing loyalty programme, aims to enhance the experience for premium customers and drive growth across all its business segments. One Blck offers members faster delivery and an on-time guarantee for food orders. Those dining out will get benefits like complimentary cocktails, drinks, or desserts. Zepto to launch standalone app for 10-minute food delivery service
Vishal Mega Mart IPO: Why the retailer is undaunted by new threat
Vishal Mega Mart IPO: Why the retailer is undaunted by new threatVishal Mega Mart, gearing up for an Rs 8,000 crore IPO, remains unfazed by the quick commerce boom. The retail chain, focusing on affordable in-house brands across apparel, general merchandise, and FMCG, is confident in its unique model and value proposition, particularly in tier II cities and beyond. Zomato shares 0.72% as Nifty
Accumulate large FMCG stocks on dips; be bullish on non-ferrous metals: Neeraj Dewan
Accumulate large FMCG stocks on dips; be bullish on non-ferrous metals: Neeraj DewanMarket expert Neeraj Dewan suggests accumulating large FMCG stocks like HUL and Britannia on dips. He believes the impact of China's stimulus on metal stocks, especially non-ferrous, will be less severe than before. Dewan sees continued growth in quick commerce, favoring established players like Zomato and Swiggy, and recommends green energy stocks like Tata Power and GIPCL. Swiggy shares climb over 5% after CLSA initiates coverage with buy rating, sees TP at Rs 708
Swiggy shares climb over 5% after CLSA initiates coverage with buy rating, sees TP at Rs 708Swiggy 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. BookMyShow FY24 revenue jumps 43% on live events growth; online ticketing drives profitability
Ahead of Market: 10 things that will decide stock market action on Tuesday
Dezerv surpasses Rs 10,000 cr in AUM; targets Rs 25,000 cr by Dec 2025
Dezerv surpasses Rs 10,000 cr in AUM; targets Rs 25,000 cr by Dec 2025Tech-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. Stocks to buy today: Zomato, Tata Motors among top 9 trading ideas for 9 December, 2024
Stocks to buy today: Zomato, Tata Motors among top 9 trading ideas for 9 December, 2024The 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. Flipkart’s India IPO; Myntra FY24 turnaround
Restaurants body cautions members of aggregator disruption in dine-in space
Restaurants body cautions members of aggregator disruption in dine-in spaceThe National Restaurant Association of India (NRAI) cautioned its members about the potential downsides of deep discounting and data control by food delivery platforms like Swiggy and Zomato. The NRAI raised concerns about aggregators leveraging customer data for their own brands and employing aggressive discounting tactics that could harm restaurants' long-term viability. The CCI is currently examining these issues. Companies whose HY25 profits surpassed FY24 levels beating slowdown
Companies whose HY25 profits surpassed FY24 levels beating slowdownEight BSE 200 companies, including Bharti Airtel and Zomato, exceeded their full-year FY24 profits in just the first half of FY25. Factors contributing to this success include revenue growth, lower input costs, and improved operating cash flows. Several companies like Dixon Technologies and Zomato saw substantial revenue increases, while others like Vedanta benefited from lower taxes. Mapping new heights: India's geospatial market to reach Rs 25,000 crore by 2025
Paytm to add Rs 2,364 crore to its kitty through sale of PayPay shares
Paytm to add Rs 2,364 crore to its kitty through sale of PayPay sharesOn Saturday, in a stock exchange filing, the Noida-based fintech announced that the shares will be transferred to SoftBank Vision Fund 2. The deal values PayPay at 1.06 trillion Japanese yen (approximately $7 billion). This comes after Paytm divested its entertainment and ticketing business Paytm Insider to Zomato for Rs 2,048 crore. Paytm Parent to sell 5.4% stake in Japan company PayPay to SoftBank
Paytm Parent to sell 5.4% stake in Japan company PayPay to SoftBankPaytm's parent company, One97 Communications, is selling its 5.4% stake in Japanese payment firm PayPay to SoftBank for approximately $280 million. This transaction values PayPay at around $7 billion and adds to Paytm's growing cash reserves, following a recent divestment of its entertainment business. Zomato CEO Deepinder Goyal defends '100% green deliveries' after shareholder challenges the claim
Zomato CEO Deepinder Goyal defends '100% green deliveries' after shareholder challenges the claimA 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. Board of Paytm's Singapore arm approves stake sale in Japanese firm PayPay Corporation
One97 Communications Singapore approves sale of stake in PayPay
One97 Communications Singapore approves sale of stake in PayPayPaytm's Singapore subsidiary is selling its stake in Japanese payments firm PayPay Corporation, pending approvals. This move is expected to boost Paytm's cash reserves. The sale, potentially to SoftBank for $250 million, follows Paytm's earlier sale of its ticketing business to Zomato. Paytm's stock price saw a 2% intra-day increase following the news. Want to start a business but don’t have the money? Here are 5 low-investment ideas
Want to start a business but don’t have the money? Here are 5 low-investment ideasIndia's startup scene is flourishing, with many seeking low-investment business ideas. Drop-shipping, online tutoring, handmade crafts, fitness classes, and home bakeries are gaining popularity. These ventures offer flexibility, creativity, and the potential for growth, requiring minimal capital and leveraging digital platforms. Seasonal demand coupled with capex recovery expected to drive better earnings in H2: Anand Shah
Big movers on D-Street: What should investors do with Zomato, HUL and Dabur?
Protein play: Plant-based food market attracts hundreds of SMEs & FMCG firms
Protein play: Plant-based food market attracts hundreds of SMEs & FMCG firmsIndia's plant-based food sector is expanding. Consumers are exploring vegan alternatives to traditional foods. Brands are introducing new products. The market includes plant-based dairy, meat, and eggs. Challenges remain, including cost and taste. The whey protein market is also growing. Companies like Amul and Tata are entering the market. Ahead of Market: 10 things that will decide stock market action on Friday
Is it time to bottom fish in autos stocks or should you avoid them now? Gurmeet Chadha answers
Tech millionaire Bryan Johnson likes India's 'jugaad' culture, netizens say 'give him aadhar card'
BSE shares hit lifetime high on 14% surge, CDSL soars 8% to hit fresh 52-week top
BSE shares hit lifetime high on 14% surge, CDSL soars 8% to hit fresh 52-week topBSE 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. Zomato shares rally 6% to fresh high, cross Rs 300 for first time
Zomato shares rally 6% to fresh high, cross Rs 300 for first timeZomato 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. Struggling with jet lags? Age-reversing CEO Bryan Johnson shares some tips that might help you
Swiggy shares rally over 11%, extend gains after narrowing quarterly losses
IIT-BHU gets 837 offers from 247 cos at the end of Day 3 of final placements
IIT-BHU gets 837 offers from 247 cos at the end of Day 3 of final placementsAt the Indian Institute of Technology (BHU) Varanasi, the Class of 2025 has received 837 job offers from 247 companies by the third day of placements, which began on December 1. A total of 176 companies visited during the first three days, providing 575 offers. Notable recruiters on Day 1 included Databricks, Google, Microsoft, Flipkart, Zomato, and others, with 89 companies making 170 offers. 