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NRAI to approach CCI over "private labelling" by Zomato, Swiggy

NRAI to approach CCI over "private labelling" by Zomato, Swiggy

Thu, Jan 23, 2025

Addressing an NRAI townhall with restaurant industry stakeholders on Wednesday, NRAI President Sagar Daryani suggested that restaurants need to look at a "third alternative" like ONDC and could replicate the success achieved through a pilot in Bengaluru, throughout India.

7 in 10 believe private labelling by Zomato, Swiggy affecting their businesses: NRAI poll

7 in 10 believe private labelling by Zomato, Swiggy affecting their businesses: NRAI poll

Wed, Jan 22, 2025

About 70 per cent of people, who are part of the Indian hotel industry, believe that private labelling by the quick commerce platforms run by Zomato and Swiggy etc are impacting their businesses, and 69 per cent of them believe that they have no negotiation powers with respect to commissions, a poll by the National Restaurant Association of India (NRAI) showed on Wednesday.

Zomato Q3 net profit falls 57% YoY to Rs 59 crore, stock crashes 7%

Zomato Q3 net profit falls 57% YoY to Rs 59 crore, stock crashes 7%

Mon, Jan 20, 2025

Zomato's Q3 FY25 earnings take a hit, stock plunges 7%

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Final Trade: Markets gain monday momentum; Sensex rises 454 points, nifty closes at 23,337

Final Trade: Markets gain monday momentum; Sensex rises 454 points, nifty closes at 23,337

Mon, Jan 20, 2025

Stocks rally at week’s opening.

FHRAI raises concerns over Zomato, Swiggy's "private label" food delivery foray

FHRAI raises concerns over Zomato, Swiggy's "private label" food delivery foray

Mon, Jan 13, 2025

The Federation of Hotel & Restaurant Associations of India (FHRAI) on Monday expressed "serious concerns" over Zomato and Swiggy's recent foray into the "private label" food delivery space, urging regulators to take "swift action" to address the growing worries related to data misuse, unfair competition, and food safety.

NRAI slams Zomato and Swiggy over private label food delivery via Q-com apps

NRAI slams Zomato and Swiggy over private label food delivery via Q-com apps

Thu, Jan 09, 2025

The National Restaurant Association of India (NRAI) on Thursday strongly opposed the recent foray of food delivery platforms Zomato and Swiggy into private-label food delivery via their quick commerce (Q-com) apps.

Jefferies downgrades Zomato to 'hold'; sees a year of consolidation after multibagger returns in 2024

Jefferies downgrades Zomato to 'hold'; sees a year of consolidation after multibagger returns in 2024

Tue, Jan 07, 2025

Jefferies believes aggressive moves by incumbents and entry of new players in the QC space can result in higher discounting which may pose a threat to the company's profits in the medium term.

Sensex reshuffle: Zomato gains spotlight, JSW Steel bows out

Sensex reshuffle: Zomato gains spotlight, JSW Steel bows out

Mon, Dec 23, 2024

Zomato joins Sensex as tech takes center stage; JSW Steel exits amid $252 million outflows.

Zomato set to debut in Sensex, replacing JSW Steel

Zomato set to debut in Sensex, replacing JSW Steel

Fri, Dec 20, 2024

Zomato's entry into the BSE Sensex on December 23 replaces JSW Steel. With a market cap of Rs 2.75 lakh crore, Zomato has eclipsed Tata Motors and Bajaj Auto.

Dmart most-valuable India co founded by self-made entrepreneur post-2000; Zomato, Swiggy next: Hurun

Dmart most-valuable India co founded by self-made entrepreneur post-2000; Zomato, Swiggy next: Hurun

Wed, Dec 18, 2024

Radhakishan Damani-promoted Supermarket chain Dmart has emerged the most-valuable Indian company founded by a self-made entrepreneur post-2000 with a valuation of Rs 3.42 lakh crore, as per data released by Hurun on Wednesday.

Food delivery economy crucial as it generates large-scale employment: Nitin Gadkari

Food delivery economy crucial as it generates large-scale employment: Nitin Gadkari

Tue, Dec 17, 2024

Union Minister Nitin Gadkari on Tuesday said the food delivery economy is very important for India as it generates large-scale employment.

Zomato Receives Rs 803.4 Crore GST Tax Demand

Zomato Receives Rs 803.4 Crore GST Tax Demand

Fri, Dec 13, 2024

Zomato has received a tax demand of Rs 803.4 crore from GST authorities. The demand is related to its business operations and GST payments. The company is currently reviewing the notice and will take necessary steps.

Zomato gets Rs 803.4 crore tax demand from GST authorities

Zomato gets Rs 803.4 crore tax demand from GST authorities

Thu, Dec 12, 2024

Food delivery aggregator Zomato on Thursday said the GST department in Thane has imposed a tax demand of Rs 803.4 crore, including interest and penalty. The demand order has been received in respect of non-payment of GST on delivery charges with interest and penalty thereon, Zomato said in a regulatory filing.

Amazon’s Bengaluru Blitz: 15-minute delivery shakes up QC; Swiggy, Zomato fall up to 4%

Amazon’s Bengaluru Blitz: 15-minute delivery shakes up QC; Swiggy, Zomato fall up to 4%

Wed, Dec 11, 2024

Amazon India is set to debut its 15-minute delivery service in Bengaluru, sparking competition in the quick commerce market and impacting shares of Swiggy and Zomato.

NRAI warns restaurants about aggregator payment gateways, deep discounting

NRAI warns restaurants about aggregator payment gateways, deep discounting

Mon, Dec 09, 2024

The National Restaurant Association of India has issued an advisory cautioning its members over deep discounting and payment gateway tools offered by aggregator platforms for dine-in operations.

Should you buy, hold or sell Zomato stock after Swiggy's strong guidance?

Should you buy, hold or sell Zomato stock after Swiggy's strong guidance?

Wed, Dec 04, 2024

Zomato's share price rallied in Wednesday's trade amid global brokerages optimism for the food services aggregator.Even as the food delivery services major Swiggy's Quick Commerce business came out with decent guidance expecting to be adjusted EBITDA positive by FY26 on a consolidated level, glob

Brokerage Radar: Analyst calls on Zomato, GAIL, Oberoi Realty, and more

Brokerage Radar: Analyst calls on Zomato, GAIL, Oberoi Realty, and more

Wed, Dec 04, 2024

Brokerages weigh in on stocks like Zomato, GAIL, Oberoi Realty, and more, highlighting growth opportunities, valuation concerns, and sectoral trends shaping market dynamics amid evolving economic conditions.

Swiggy Q2 results: Loss narrows to Rs 625 crore, revenue surges 30% YoY

Swiggy Q2 results: Loss narrows to Rs 625 crore, revenue surges 30% YoY

Tue, Dec 03, 2024

Swiggy’s narrowing losses and strong revenue growth reflect its focus on profitability in its core business, while quick-commerce continues to fuel its expansion.

On the basis of which news there will be action in the market?

On the basis of which news there will be action in the market?

Tue, Nov 26, 2024

Which stocks will be in focus today including Sagility India, Protean eGov, GE Vernova T&D, Zomato? On the basis of which news there will be action in the market? What are the important triggers for the market? Know here in Stock In News.

Zomato’s QIP at Rs 265.91 per share; shares in focus on fundraising plans

Zomato’s QIP at Rs 265.91 per share; shares in focus on fundraising plans

Tue, Nov 26, 2024

Zomato's Rs 265.91 QIP fuels Blinkit expansion as competition heats up

Zomato zooms as stock set to replace JSW Steel in Sensex: Key things to know

Zomato zooms as stock set to replace JSW Steel in Sensex: Key things to know

Mon, Nov 25, 2024

Sensex inclusion and robust financial strategies position Zomato as a top pick for long-term investors.

Zomato to join BSE Sensex, replacing JSW Steel from December 23

Zomato to join BSE Sensex, replacing JSW Steel from December 23

Fri, Nov 22, 2024

Online food delivery giant Zomato will become a part of the benchmark BSE Sensex, replacing JSW Steel from December 23. This is part of the latest reconstitution announced by Asia Index Private Ltd, a subsidiary of BSE.

Zomato, Paytm, Delhivery, Varun Beverages gain up to 4% on F&O addition from November 29

Zomato, Paytm, Delhivery, Varun Beverages gain up to 4% on F&O addition from November 29

Thu, Nov 14, 2024

“The market lot, scheme of strikes, and quantity freeze limit of the aforementioned securities shall be informed to members on November 28, 2024, through a separate circular,” stated the National Stock Exchange (NSE).

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