Friday, 2 December, 2022
TopicZomato

Topic: Zomato

Zomato co-founder Mohit Gupta resigns, says will pursue ‘unknown adventures’

Reuters -
Gupta is credited with building the food delivery operations from scratch and was the segment's chief executive before being elevated to co-founder in May 2020.

Zomato’s shares surge 13%, highest since June after reporting smaller net loss in Q2

Reuters -
The app's consolidated net loss narrowed to 2.51 billion Indian rupees in the July-September quarter, from 4.30 billion rupees a year earlier.

After Zomato, Blinkit’s having ‘apna time aayega’ moment—with Bollywood songs ad campaign

Shubhangi Misra -
Brands like Cornitos Nacho Chips, MTR, and Lays must’ve been very happy with the campaign since they get free billboard time, thanks to Blinkit.

‘Ghar ka khana’ to delivery apps — Indian food is changing, but you can’t blame women

Neera Majumdar -
An Australian writer studied the 'outside-inside' binary in Indian food for 25 years and identified a big shift—food delivery apps, and the supermarket and cafe boom.

‘Mahakal se mangaa liya’: Zomato issues clarification after ad starring Hrithik triggers outrage

Chitvan Vinayak -
Zomato clarified that ad featuring Hrithik Roshan had a reference to Mahakal restaurant, one of its 'high-order-volume restaurant partners' in Ujjain, and not the 'revered Shree Mahakaleshwar Temple'.

Zomato workers panting on bicycles with low pay. But for company, image matters

+TFP Sonal Matharu -
Gig workers deliver meals on bicycles in scorching heat not out of climate consciousness, but because they can't afford a motorcycle. And Zomato doesn't provide vehicles.

Zomato, PayTM, Nykaa — how investors have lost big time after these big tech IPOs

Nikhil Rampal -
Analysis of 6 major tech IPO launches of 2021 — Zomato, Paytm, Nykaa, Fino Payments Bank, Policy Bazaar and CarTrade Tech — shows investor euphoria could be fading.

Zomato shares slump over 10% as one-year mandatory lock-in period ends for investors

ANI -
At 11.11 a.m., the shares of the listed company traded at Rs 47.45, down 11.6% from the previous close. Its intraday low was Rs 46.

Zomato loses about $1.1 billion of market value in two days after Blinkit acquisition deal

Ashutosh Joshi -
Shares of the food-delivery platform tumbled 8.4% in Mumbai trading Tuesday on top of a 6.6% drop Monday. The two-day fall to Rs 60.3 put shares 21% below the IPO price.

Are Zomato & Swiggy helping restaurant business or hurting it? Why CCI has ordered a probe

Shubham Batra -
Aggregators are accused of monopolising market and imposing their own price terms on partner restaurants. Complaint in CCI was filed by restaurant-owners' body.
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Opinion

File photo of Kerala Governor Arif Mohammed Khan | ANI

Arif Mohammad Khan vs Kerala govt isn’t a new faceoff. Old cases show Governor wears two hats

Swarupama Chaturvedi -
Under UGC provisions, a search committee is appointed to find suitable candidates for the V-C post. Governors make their selection from among these names.
File photo of Ukrainian servicemen fire a self-propelled howitzer toward Russian positions, amid Russia's attack on Ukraine, 2 November, 2022 | Reuters

Who will pay the bill for rebuilding Ukraine? The answer lies in unfreezing Russian assets

Congress president Mallikarjun Kharge | ANI file photo

Congress is becoming Nokia, Kodak of Gujarat politics. Outdated KHAM lens will wipe it out

Economy

51 cow universities, old pension scheme, jobs — what RSS affiliates want from 2023 Budget

Shanker Arnimesh -
Welfare schemes and ‘self-reliance’ figure high on Sangh organisations’ wishlists for finance minister Nirmala Sitharaman ahead of the Budget, which she will present on 1 February.

Defence

A soldier with 'Arjun', a black kite trained to down enemy drones, during the Yudh Abhyas exercise being held in Auli, Uttarakhand | Suraj Singh Bisht | ThePrint

It’s a plane, no it’s a bird! Army’s training eagles & falcons to swoop down on hostile drones

Vandana Menon -
The birds are also being trained for surveillance at Remount Veterinary Corps Centre in Meerut, with cameras fitted to their heads to record videos.

National Interest

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

Shekhar Gupta -
I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.

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