Swiggy, Zomato slips up to 4%; is 10-minute food delivery raising ...
4 hours ago · Food delivery platforms Swiggy and Zomato shares lost up to 3.6 per cent in Friday's (January 10, 2025) trade on BSE. Investors sold these new age companies' stock after reports suggested that National Restaurant Association of India (NRAI) is likely to approach the Competition Commission of India (CCI) to address concerns regarding Zomato and Swiggy's recent launch of standalone apps for 10 ...
Zomato shares fall 5% following Jefferies downgrade, target price ...
3 days ago · Zomato share price: Shares of Zomato fell by 4.8% following Jefferies' downgrade of the stock from 'buy' to 'hold' and a 18% cut in the target price. Concerns over intensifying competition in the quick commerce segment and the impact on profitability were cited. Earnings estimates for Blinkit and overall EBITDA projections have been significantly reduced.
NRAI to sue Zomato and Swiggy for attempting to monopolise …
16 hours ago · In Zomato via Blinkit's separate Bistro app and Swiggy launching Snacc for quick food delivery.” ... Desk is a vigilant and dedicated team of journalists committed to delivering the latest and ...
Zomato stock plunges 5% after Jefferies downgrade to 'hold' as …
3 days ago · After Zomato’s shares more than doubled in value in 2024, analysts at Jefferies predict that 2025 could be a breather year, with the stock likely shifting gears into a phase of price consolidation.
Zomato shares fall 5% as Quick Commerce concerns prompt
3 days ago · Food delivery aggregator and Quick Commerce service provider Zomato Ltd. has been downgraded by Jefferies to "hold" from its earlier rating of "buy" and also cut its price target. Jefferies has cut its price target on Zomato to ₹275 from ₹335 earlier, an 18% cut. The revised price target is nearly at par with Zomato's closing price on Monday.
Zomato News: Zomato latest news and recent zomato updates
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.
Zomato launches 15-minute food delivery offering
2 days ago · The service, covering restaurants in a limited radius of 1.5-2 km, has so far been rolled out only across a few regions. According to sources, a rapid scale-up was underway. This is Zomato’s second attempt at 15-minute food delivery after it shut down an experiment called Zomato Instant in 2023, which was rebranded, Everyday.
Exclusive: India finds Zomato, Swiggy food delivery businesses …
Nov 8, 2024 · An investigation by India's antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring select restaurants...
Zomato raises $1B in first major fundraise since 2021 listing
Nov 28, 2024 · Indian food delivery app Zomato has raised $1 billion from institutional investors, completing its first major fundraise since its 2021 IPO. The food delivery and quick-commerce giant issued...
Zomato News | Latest News on Zomato - Times of India
Nov 26, 2024 · zomato removed restaurants from its platform after a social media uproar. Users pointed out restaurants selling single dishes with unusual names at high prices.
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