Zomato Ltd

(ZOMATO)

Zomato Expands Offerings with Insider Platform - 28 Nov, 2024

Zomato is enhancing its business model by integrating food delivery with ticket sales through its Insider platform, while also preparing for potential inclusion in the Sensex index.

Zomato's QIP and Sensex Inclusion Boosts Stock - 27 Nov, 2024

Zomato opens a significant QIP to raise funds, while its stock surges 126% this year, leading to its inclusion in the BSE Sensex 30.

Zomato Launches QIP to Strengthen Market Position - 26 Nov, 2024

Zomato has initiated an ₹8,500 crore Qualified Institutional Placement (QIP) at ₹265.91 per share to enhance operations amid rising competition. CEO Deepinder Goyal extends his salary waiver until FY26, reflecting confidence in the company's strong market performance.

Zomato Shares Surge on Sensex Inclusion and QIP - 25 Nov, 2024

Zomato Ltd. shares surged following its inclusion in the BSE Sensex and the opening of an ₹8,500 crore Qualified Institutional Placement. The stock has seen significant gains, reflecting strong market performance and investor confidence.

Zomato Approves QIP to Raise ₹8,500 Crore - 24 Nov, 2024

Zomato Ltd's shareholders have approved a proposal to raise ₹8,500 crore through a Qualified Institutions Placement (QIP) to strengthen the company's balance sheet.

Zomato Secures QIP Approval, Joins Sensex - 23 Nov, 2024

Zomato will replace JSW Steel in the Sensex on December 23. Shareholders approved a ₹8,500 crore QIP to bolster cash reserves amid competition.

Zomato's Strong Performance Leads to Sensex Entry - 22 Nov, 2024

Zomato launches a food waste initiative and defends a controversial job posting. The company will replace JSW Steel in the BSE Sensex, reflecting its impressive stock performance with significant revenue and profit growth.

Zomato CEO's Unique Hiring Strategy and Stock Rise - 21 Nov, 2024

Zomato's CEO announces a controversial chief of staff role requiring a Rs 20 lakh fee, while the company's shares rise 1.16% amid strong quarterly sales growth.

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.