Friday, 2 December, 2022
TopicZomato

Topic: Zomato

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

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

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

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

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

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

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

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

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

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

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

On Camera

YourTurn

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

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.

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

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

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

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

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.