The sharp decline in the stock price dragged its market capitalisation (m-cap) to below the ₹1-trillion mark to ₹89,537 crore on Friday, the BSE data showed. With this, Zomato has dropped out of the 50 most valued listed companies in terms of m-cap.
The stock of the food delivery giant traded lower for the fourth straight day, shedding 16 per cent during the period.
Continue reading your story on the app
Continue reading your story in the newspaper
Elon Musk's Troubled Tryst With India
Both Tesla and Starlink have been in limbo for over a year
FRL Ind Directors Tried 'Fraudulent Stratagem': Amazon
US retailer says FRL devised 'a stratagem to purportedly alienate and transfer around 835 retail stores to Reliance'
Export levy likely to push steel firms to review expansion plans
The export levy imposed on steel by the government on Saturday may prompt steel companies to review massive capacity expansion plans.
MFs' exposure to certificates of deposit up sharply since Oct
The mutual fund (MF) industry's exposure to bank certificates of deposit (CDs) has surged nearly fourfold since October, from just ₹48,576 crore to ₹1.76 trillion at the end of last month.
Launches, base biz expansion tonic for Dr Reddy's double-digit growth
After robust fourth-quarter results, near-term launches and cost-control efforts would be key
The push to sport from non-cricket leagues
"When we began our journey in the ecosystem, we took a gamble," says Prasad Mangipudi, managing director, of Sportzlive.
Cautious stand on proposed IPEF likely at Quad summit
Modi leaves for Tokyo to attend meet starting tomorrow
Fiscal punches land on Centre's balance sheet
Now, only tax revenue boost or expenditure cuts can help meet fiscal deficit target
Airlines'talent-honing policies in spotlight after CEO appointments
Report published in 2020 says induction of expatriate chief executive officers by Indian airlines was often seen as an answer to expertise crunch
Digital solution providers looking to enter 5G play
Digital solution providers to enterprises are evaluating whether to bid for 5G spectrum, a move which could bring in more players to add to the only three mobile telecom providers in the game: Reliance Jio, Airtel, and Vodafone Idea.
Zomato's 'The Fast And The Furious' Step
The 10-minute food delivery model could upend India’s quick-commerce space and propel the ‘one-stop deliverer’ concept
Swiggy Vs Zomato
The Foodtech Duo Take Two Different Paths To The Same Destination, But More Often Than Not, Find Themselves Crossing Each Other. And Now, They Are Squaring Off In Realms Beyond Their Comfort Zone Of Food Delivery. What Will It Take To Win?
Swiggy & Zomato back UrbanPiper funding
START-UP FUNDING
ZOMATO TO ROLL OUT NEW FOOD QUALITY POLICY
FOOD delivery platform Zomato will be rolling out a new food quality policy on April 18, which may temporarily disable online ordering from restaurants if it receives consumer complaints about the quality of food.
जोमैटो की सख्त रवाद्य नीति 3 मई तक टली
पहले यह नीति 18 अप्रैल से होनी थी लागू
Will comply with CCI suggestions, says Zomato
ZOMATO on Tuesday said that it would work closely with the Competition Commission of India (CCI) and assist them with their investigation in the allegation of anti-competitive practices.
Is Zomato's 10-minute delivery plan viable?
Experts say that this model might work only in grocery space
‘No future of 10-min food delivery'
VCs, restaurant owners point out many challenges in the 10-minute delivery services
Zomato launches 10-minute food delivery offering
ONLINE food delivery platform Zomato, which recently extended a $150 million loan to quick commerce platform Blinkit, on Monday announced the launch of Zomato Instant- 10-minute food delivery.
Zomato grants $150 million loan to Blinkit
THE steady Online food delivery platform Zomato on Tuesday said that its board of directors has approved a $150 million loan to Grofers India Private Limited (GIPL).