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4 mins read
Zomato's cost control efforts are hurting the startup: Strike at Blinkit to hurt revenues by 1%
Zomato is in the news for its efforts to control costs and achieve breakeven – it’s increasing the …
4 mins read
Startups with small profit pools should think twice before launching their IPOs
There’s a new word that has entered the lexicon of startups – profitability. During the pandemic, w…
3 mins read
Qmin has been profitable business for IHCL from day one, says Jehangir Press
Indian Hotels, the operator of Taj Hotels, launched its food delivery platform Qmin two years ago. …
4 mins read
Shinier Zomato Gold, better commissions makes analysts bullish in the long term
Zomato’s stock has been under the pump in 2023, declining by over 12% while the benchmark Nifty50 i…
5 mins read
No long-tail effect: Zomato banks on demand recovery in future, even as it shuts operations in 225 cities on poor performance
Food delivery platform Zomato has ceased operations in 225 smaller cities as their performance was …
1 min read
Over 100 Blinkit dark kitchens shut in Delhi-NCR due to delivery boys' strike
Zomato-owned quick commerce platform Blinkit has shut down over 100 dark kitchens in Delhi, Gurugra…
5 mins read
RIL’s Q4 net profit of ₹19,299 crore beats analyst expectations, driven by retail
Mukesh Ambani-led Reliance Industries on Friday reported a net profit of ₹66,702 crore for the full…
1 min read
Apple removed 1,474 apps on govt takedown requests in 2022, 14 from India
Apple removed 1,474 apps from its App Store as per requests from various governments to take down s…
2 mins read
India, South Korea agree to deepen cooperation in trade and investment and defence
Prime Minister Narendra Modi on Saturday held productive bilateral talks with South Korean Presiden…
PTI
2 mins read
Study: Heat-temperature marine bacteria help detoxify asbestos
For the first time, University of Pennsylvania researchers have demonstrated that extremophilic bac…
ANI
4 mins read
Sensex, Nifty50 edge lower in morning trade as energy and FMCG stocks drag
India’s benchmark indices Sensex and Nifty50 are likely to open in the green on Friday amid positiv…
1 min read
Swiggy begins charging Rs 2 'platform fee' per food order from users
Online food delivery platform Swiggy has started charging all users a "platform fee" of Rs 2 per fo…
1 min read
Zomato plans to lay off 3% of its workforce
Online food delivery platform Zomato on Saturday said it is planning to lay off nearly 3 per cent o…
3 mins read
Coca-Cola India invests in foodtech platform Thrive, which aims to change the way you order your meal online
Coca-Cola India has acquired a 15% minority stake in Thrive, an Indian foodtech platform. This mark…
5 mins read
Zomato and Swiggy have never been this close to making profit, say Goldman Sachs analysts
India’s food delivery market is dominated by two players – Zomato and Swiggy. The two foodtech unic…
5 mins read
Stock price run up in Paytm, Nykaa, Zomato, PB Fintech & Delhivery could see large shareholders cashing out - BofA
“Ironically, better-performing stocks may see blocks //(deals)// a…
6 mins read
New age technology companies back in the spotlight after Q3 performance
There’s no end to the woes of new age technology companies. They are in the spotlight yet again, af…
4 mins read
Fewer restaurants and delivery partners are signing up with Zomato
Restaurants and delivery partners are critical to Zomato’s business model, but few are signing up w…
1 min read
Chinese multinational Alibaba exits India, sells its entire stake in Paytm
With this sale, Alibaba is no longer a stakeholder in Paytm. The company had sold around 3.1 per ce…
ANI
2 mins read
Zomato tanks 22% in two days wiping out over ₹9,000 crore investor wealth – here’s what is happening
Shares of Zomato tanked 22% in two days, wiping out over ₹9,000 crore of investor wealth in a flash…