All the sectoral indices settled in the negative territory today with technology and public sector banks being the worst hit. The IT and PSB indices dropped nearly 3% and 2%, respectively
In Q3FY22, the company's revenue from operations grew by around 9 per cent QoQ, while the customer delivery charges de-grew by 22 per cent.
Apollo Hospitals, Ashok Leyland, Bajaj Hindusthan, Divis Labs, Fortis Healthcare, Glenmark, Godrej Industries, IDFC, India Cements, Jet Airways, PFC, Shree Renuka Sugars, Star Health and Voltas to ann
The firm will invest $400 mn in quick commerce over next two years
Foodtech firm will also set up NBFC to disburse credit to customers, restaurants and food delivery workers
The company reported exceptional gain of Rs 316 crore during the quarter
The proposed paid-up capital of NBFC will be Rs 3 crore, while the authorised capital is pegged at Rs 10 crore
Infrastructure has investment opportunities estimated worth more than Rs 50 trillion, says industry leader
With Zomato planning to expand its business, its outlook appears to be constructive, say analysts
Cipla, Federal Bank, Finolex Industries, Indiabulls Real Estate, ICRA, Macrotech Developers, Maruti Suzuki, Pidilite, SRF, Torrent Pharma and United Spirits to announce results today.
Goyal said that the fall in market was due to the global sell-off in growth tech stocks
Broader markets worst hit, BSE SmallCap index slips over 4%; BSE IPO index plunges 7% as Zomato, Nykaa tank up to 20%
Latent View Analytics, Go Fashion, Chemplast Sanmar, Macrotech Developers (Lodha), CMS Info Systems, Sona BLW Precision Forgings and Devyani International slipped between 8% and 10%.
Shares of online food aggregator Zomato extended its losses from last week and declined 18 per cent in early trade on Monday apparently due to low valuations.
With the last four day's decline, the stock price of Zomato has tanked 33 per cent from its 52-week high of Rs 169.10 hit on November 16, 2021
Zomato ends 9% down, slips below listing price; Supriya LifeScience tanks 18% on disappointing Q3 earnings; Adani Wilmar IPO to open on Jan 27; price band fixed at Rs 218-230 apiece
The stock has declined 11% in the last four trading sessions, and now trades closer to its record registered on its debut day, July 23, 2021.
Zomato founder Deepinder Goyal said, "We're deeply aggrieved by death of our delivery partner Salil Tripathi in an unfortunate road incident. We are extending all possible support to help the family"
Zomato, Nykaa, Adani Enterprises, Dabur among 20 firms to join the list
Covid was just the disruptor. Even before it struck, growing tech and digital enhancements had been propelling the growth of e-commerce and online services both within and outside India