Page 9 - Zomato
Zomato Q1 results: Net loss narrows to Rs 186 cr; revenue rises 68%
The company saw an increase in orders for restaurant meals on its platform in the June quarter
 "Zomato Q1 results: Net loss narrows to Rs 186 cr; revenue rises 68%")
Sensex sprints 545 pts, reclaims 58K; Nifty tops 17,300; TaMo up 7%, M&M 6%
CLOSING BELL: M&M (up 6 per cent) was the top Sensex gainer, followed by RIL, Maruti Suzuki, Bharti Airtel, Power Grid, Kotak Bank, Ultratech Cement, ITC, NTPC, SBI, Axis Bank, and Titan
 "Sensex sprints 545 pts, reclaims 58K; Nifty tops 17,300; TaMo up 7%, M&M 6%")
Stocks to Watch: YES Bank, Cipla, Bank of Baroda, Zomato, HDFC, ITC, NTPC
Stocks to Watch today: ITC, UPL, Zomato, Arvind, Bajaj Consumer Care, among others will release their Q1 earnings today.
 "Stocks to Watch: YES Bank, Cipla, Bank of Baroda, Zomato, HDFC, ITC, NTPC")
Zomato preview: Experts expect Q1 loss to narrow; revenue may rise 59% YoY
Analysts expect the Gurgaon-based firm's net loss to contract to Rs 315 crore in Q1FY23 from Rs 360.7 crore in the year-ago period.
 "Zomato preview: Experts expect Q1 loss to narrow; revenue may rise 59% YoY")
Top headlines: SpiceJet to cut ops for 8 weeks; Rs 1.6 trn for BSNL revival
Business Standard brings you the top headlines this hour
 "Top headlines: SpiceJet to cut ops for 8 weeks; Rs 1.6 trn for BSNL revival")
Zomato shares up nearly 7% as analysts project bigger order volumes
Analysts at Jefferies said the stock makes a great case for long term investors to buy, while JPMorgan said the company could also see a decrease in cash burn rates
 "Zomato shares up nearly 7% as analysts project bigger order volumes")
Zomato allots shares worth Rs 200 crore to staff at Re 1 face value
Zomato, which is going through its worst phase at Dalal Street, has allotted nearly 4.66 crore shares to its employees from its employee stock option plan (ESOP) pool at the face value of Rs 1
Despite headwinds, Jefferies recommends buying Zomato stock. Here's why
With the sharp fall in its share price since listing, analysts at Jefferies suggest long-term investors 'buy' the stock
 "Despite headwinds, Jefferies recommends buying Zomato stock. Here's why")
Shankar Sharma quotes Big B's 'Deewaar' dialogue to describe Zomato stock
Zomato shares fell to their lowest levels on Monday since the IPO was launched at Rs 76 per share as the one year lock in period for investors considered insiders has ended
Zomato should have acquired Swiggy than Blinkit, says Ashneer Grover
Former BharatPe Co-founder and managing director Ashneer Grover said on Tuesday that Zomato should have acquired its arch rival Swiggy than 10-minute grocery platform Blinkit to avoid the mayhem
 "Zomato should have acquired Swiggy than Blinkit, says Ashneer Grover")
Zomato sinks 23% in two days; loses Rs 1-trillion m-cap from all-time high
With past two days decline, Zomato now trades 46 per cent below its issue price of Rs 76 per share and corrected 76 per cent from its record high level of Rs 169.10 on November 16, 2021.
 "Zomato sinks 23% in two days; loses Rs 1-trillion m-cap from all-time high")
Zomato slumps 11%, closes at new low of Rs 47.55 as one-yr IPO lock-in ends
Start-ups with no 'promoter' may face pressure
 "Zomato slumps 11%, closes at new low of Rs 47.55 as one-yr IPO lock-in ends")
Zomato tanks 14%, hits new low as lock-in for pre-IPO investors ends
That apart, according to Reuters, Domino's Pizza India franchise to consider taking some of its business away from popular food delivery apps, Zomato and Swiggy, if their commissions rise further.
 "Zomato tanks 14%, hits new low as lock-in for pre-IPO investors ends")
Domino's India may shift business away from Zomato, Swiggy amid CCI probe
Jubilant is India's largest food services company, with more than 1,600 branded restaurant outlets - including 1,567 Domino's and 28 Dunkin outlets
 "Domino's India may shift business away from Zomato, Swiggy amid CCI probe")
Competition issues: Parl panel to meet Zomato, Flipkart, tech firms' reps
A key parliamentary panel will meet representatives of various tech platforms, e-commerce players and gaming entities to discuss about their market behaviour amid rising anti-competition concerns
 "Competition issues: Parl panel to meet Zomato, Flipkart, tech firms' reps")
Institutional shareholders vote against logistics firm Delhivery's ESOP
Majority say no to the plan; new-age companies have faced similar hurdles
 "Institutional shareholders vote against logistics firm Delhivery's ESOP")
One year of startup listings: Exuberance tapers as firms lose grip on gains
After Zomato's promising start, global tech meltdown halts listing gravy train
 "One year of startup listings: Exuberance tapers as firms lose grip on gains")
SoftBank to bet on smaller ticket size for the second Vision Fund
The two funds together have invested over $11-12 billion in the country. Together with Softbank's direct investment, this goes up to $14 billion
 "SoftBank to bet on smaller ticket size for the second Vision Fund")
Swiggy starts ESOP liquidity programme worth $23 mn, expands offering
Swiggy employees will this year have the option to receive liquidity of up to $23 million against their ESOPs
 "Swiggy starts ESOP liquidity programme worth $23 mn, expands offering")
Is the time ripe for consolidation among new-age technology companies?
A rise in cost of capital has already weighed on the related stocks all across the globe over the past few months
 "Is the time ripe for consolidation among new-age technology companies?")
