Zomato News - Latest Updates & Headlines
Zomato to be renamed 'Eternal'; platform unveils new logo, aims for lasting legacy beyond food delivery
New Delhi, February 6: Zomato Ltd on Thursday announced that its board has approved the change of name of the company to Eternal Ltd., marking a significant transformation in its corporate identity.
Zomato to trade as 'Eternal' on stock exchanges, brand name remains the same
New Delhi, Feb 6: Food-tech giant Zomato on Thursday officially changed the company's name to Eternal, following an approval from its board.
Swiggy's loss widens 39 pc to Rs 799 crore in Q3
New Delhi, Feb 5: Zomato's rival Swiggy on Wednesday reported a Rs 799.08 crore net loss in the October-December period (Q3 FY25), as compared to a loss of Rs 625.53 crore in the previous quarter.
India a huge market for us, clocked Dec quarter growth record: Apple CEO
New Delhi, Jan 31: India is a huge market for us and we have achieved a December quarter growth record where the iPhone was the top selling model in the country for the October-December period of 2024, Apple CEO Tim Cook has said.
7 in 10 believe private labelling by Zomato, Swiggy affecting their businesses: NRAI poll
New Delhi, Jan 22: About 70 per cent of people, who are part of the Indian hotel industry, believe that private labelling by the quick commerce platforms run by Zomato and Swiggy etc are impacting their businesses, and 69 per cent of them believe that they have no negotiation powers with respect to commissions, a poll by the National Restaurant Association of India (NRAI) showed on Wednesday.
Trump 2.0 jitters: Sensex tanks over 1,200 points, Nifty ends at 23,024
Mumbai, Jan 21: As the new US President Donald Trump began his second innings with signing several executive orders along with sounding threats about impending trade tariffs on certain countries and BRICS nations, both Sensex and Nifty plunged on Tuesday.
Bloodbath in Indian stocks as Sensex sheds about 1,200 points, investors gauge US policy after Trump inauguration
Mumbai, January 21: Domestic stock markets on Tuesday witnessed a bloodbath, ending on a weak note due to the selling pressure in heavyweight stocks such as Kotak Bank, Zomato, RIL and US President Donald Trump's aggressive take on the trade tariffs on various countries.
Zomato's share hits 6-month low amid Blinkit's expansion plans
Mumbai, Jan 21: Zomato's share price dropped to its lowest point on Tuesday in nearly six months, following weak Q3 FY25 earnings.
Zomato clocks 57 pc net profit drop at Rs 59 crore in Q3
New Delhi, Jan 20: Online food delivery giant Zomato on Monday reported a 57 per cent decline in net profit (year-on-year) at Rs 59 crore in the third quarter (Q3) of FY25 -- from Rs 176 crore in the same period last fiscal.
Top industry associations slam Zomato, Swiggy over private label food delivery
New Delhi, Jan 13: The Federation of Hotel and Restaurant Associations of India (FHRAI) and the National Restaurant Association of India (NRAI) have reiterated serious concerns over online food aggregators Zomato and Swiggy's recent move to enter the private label food delivery business.
NRAI slams Zomato and Swiggy over private label food delivery via Q-com apps
Mumbai, Jan 9: The National Restaurant Association of India (NRAI) on Thursday strongly opposed the recent foray of food delivery platforms Zomato and Swiggy into private-label food delivery via their quick commerce (Q-com) apps.
Jefferies cuts Zomato stock to 'hold' as quick commerce competition heats up
New Delhi, Jan 7: Global brokerage firm Jefferies has downgraded Zomato's shares to 'hold' as it revised the target lower, citing increasing competition as a threat to the online food aggregator’s profitability.