Tuesday, 28 March, 2023
TopicZomato

Topic: Zomato

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.

Move over Zomato’s 10-min delivery, Hyderabad platform aims to provide ambulance in 8 mins

Mohana Basu -
StanPlus, with fleet of over 3,000 ambulances, currently promises to provide ambulances to patients within 15 minutes, but envisions a centralised 911-style service in India too.
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Opinion

File photo of smog in Delhi. Some doctors have called air pollution a bigger threat than Covid-19.| Photo: Suraj Singh Bisht | ThePrint

Air quality is better but not enough to banish air purifiers. Here are options for your room & car

Sahil Mohan Gupta -
What’s the solution for people who cannot leave Delhi? Air purifiers from Dyson's expensive range to Xiaomi's affordable ones can be of help.
File photo of UP CM Yogi Adityanath | ANI

BJP star campaigner in Himachal, Yogi Adityanath is avoiding Gujarat poll rallies

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Wrangler Rubicon is a worthy Jeep but it’s too expensive for city roads

Economy

NFRA to conduct audit quality inspections of five audit firms

Manoj Rammohan -
New Delhi, Nov 16 (PTI) The National Financial Reporting Authority (NFRA) will carry out audit quality inspections of five audit firms, including the...

Defence

The Defence Services Staff College in Wellington | Image credit: dssc.gov.in

In a first, six women officers to enter prestigious Defence Services Staff College

Snehesh Alex Philip -
As many as 15 women appeared for the examination, out of which six were selected, including one who has made it to the course along with her husband. 

National Interest

Why military is more for asserting political will, not just about controlling territory

Shekhar Gupta -
No matter what tactics, doctrine, or weapon system is used, the objective of any war is to control territory, argues Gen. MM Naravane (retd). But it's politics that matters most.

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