Zomato

Zomato Shares Take a Hit: A 13% Plunge Following Disappointing Earnings Report

4 months ago

In a surprising turn of events, Zomato Ltd., the popular food delivery and restaurant aggregator, witnessed a sharp decline in its stock prices, plummeting by 13%. This unexpected drop followed the company's latest earnings release, which failed to meet analysts' expectations and raised significant concerns among investors.

India's Zomato Faces Profit Challenges Amidst Rapid Delivery Services

4 months ago

In a landscape where speed is becoming synonymous with service quality, India's prominent food delivery platform, Zomato, is encountering significant hurdles that are impacting its profitability. This latest development underscores a critical exploration into how ultra-fast deliveries, while appealing to consumers, are proving to be a double-edged sword for the company.

Zomato's Stock Soars as it Prepares to Join the Elite Sensex Index

6 months ago

In a momentous shift for the Indian stock market, food delivery giant Zomato is set to become the first new-age technology firm to be listed on the Sensex, India's benchmark equity index. This anticipated inclusion has led to a significant rally in Zomato's shares, reflecting both investor confidence and the growing importance of tech-driven companies in the Indian economy.

Paytm Achieves First-Ever Net Income Following Asset Sale to Zomato

7 months ago

In a significant financial milestone, Indian fintech giant Paytm has reported its first net income, marking a pivotal moment in the company’s journey. This breakthrough comes after Paytm strategically divested certain assets to the leading food delivery platform, Zomato, in a move aimed at streamlining operations and enhancing profitability.