Mumbai: Food delivery and quick commerce services provider Zomato has received a tax demand notice of Rs 803 crore from the Goods and Services Tax (GST) department. In a stock exchange filing, the company said this notice has been given by the Joint Commissioner of CGST and Central Excise in Thane. This tax notice includes … Read more
Chinese food delivery giant Meituan, which operates the Keeta brand in Hong Kong and Saudi Arabia, is set to expand to more Middle Eastern and North African countries, according to two sources familiar with the matter. Keeta, which launched in the Saudi Arabian city of Al-Kharj in September and has since entered the capital Riyadh, … Read more
Last Updated:November 25, 2024, 12:20 IST Zomato’s shares surged 7% early trading today, following its inclusion in the prestigious 30-stock Sensex index; Know latest target price Zomato Share Price Zomato’s shares surged 7 per cent early trading today, following its inclusion in the prestigious 30-stock Sensex index and the approval for its Rs 8,500 crore … Read more
Last Updated:November 22, 2024, 19:08 IST Zomato’s shares have surged more than 112 per cent so far this year. Zomato posted a net profit of Rs 176 crore in Q2. Food delivery platform Zomato is set to replace JSW Steel in the 30-share BSE Sensex, with effect from December 23. The stock exchange has also … Read more
Last Updated:November 12, 2024, 23:21 IST According to an official statement, Food Safety & Standards Authority of India (FSSAI) convened a meeting with e-commerce Food Business operators (FBOs) to reinforce compliance requirements for e-commerce FBOs Rao, who chaired the meeting, clarified that any product claims made on e-commerce platforms must align with the information provided … Read more
New Delhi: Online food delivery platform Zomato on Sunday launched a new feature called ‘Food Rescue’ to save more than 4 lakh orders being get cancelled on the platform every month for various reasons by customers. Zomato CEO Deepinder Goyal said cancelled orders will now pop up for nearby customers, who can grab them at … Read more
Last Updated:November 08, 2024, 15:14 IST The antitrust investigation against Swiggy and its top rival Zomato began in 2022 after a complaint by National Restaurant Association of India The antitrust investigation against Swiggy and its top rival Zomato began in 2022 An investigation by India’s antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy … Read more
New Delhi: Online food aggregator Zomato on Tuesday, October 22 reported over 30 percent loss in net profit at Rs 176 crore (quarter-on-quarter) in the July-September period, from Rs 253 crore in the previous quarter (Q1 FY25). Zomato’s board also approved the plans to raise Rs 8,500 crore via the qualified institutional placement (QIP) route, … Read more
At the current market price, Zomato’s entire ESOP scheme becomes worth Rs 330.17 crore. Zomato’s stock options granted shall be capable of being exercised within (a) 10 years from the date of vesting of options, or (b) 12 years from the date of listing, whichever is later under ESOP 2014 and ESOP 2021. Food delivery … Read more
Last Updated: September 27, 2024, 22:21 IST Zomato co-founder Akriti Goyal (Image: X) Designated as senior management personnel, Chopra has tendered her resignation, with effect from September 27, 2024, Zomato said in a regulatory filing. Online food ordering and delivery platform Zomato on Friday said its co-founder and Chief People Officer Akriti Chopra has resigned … Read more
