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The Latest Breaking News from Zomato

Orders on ONDC grow rapidly as India Post gears up to join in

Orders have grown rapidly, as ONDC’s architecture poses a looming threat to online retail and quick delivery apps

The Hindu

The reason menu broker Zomato has quietly exited New Zealand

After arriving with great fanfare, the restaurant review company's New Zealand subsidiary made barely $60,000 last year.

Newsroom.co.nz

War of billboards: How new year promo ads turned political

NEW DELHI: It all started with unusual and funny commercial advertisements by three brands to celebrate the new year. However, it soon assumed political overtones and became a slugfest between three prominent parties.

The Times of India

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Swiggy's losses jump 2X to Rs 3,629 crore in FY22, layoffs coming

NEW DELHI: Online food delivery platform Swiggy's losses doubled to Rs 3,629 crore in FY22 compared to Rs 1,617 crore in the last fiscal year.

The Times of India

Sensex, Nifty end 2022 with over 4% gains: How markets outperformed global peers

NEW DELHI: When the year began, investors were looking forward to a rally similar to the past 2 years where the bulls were in charge. However, 1 month into 2022 and bears took over as markets reeled under uncertainties brought in by the Russia-Ukraine war.

The Times of India

Kochi’s Swiggy strike: Another chapter in the continuing struggle of gig workers

It’s been 11 days since 5,000 Swiggy employees went on strike in Kerala’s Kochi demanding higher remuneration and labour benefits. Even as negotiations orchestrated by the district labour officials broke down, the online delivery platform insisted that it gives its workers “consistent and reliable income opportunities”.

Newslaundry

Amid backlash, Zomato withdraws Hrithik Roshan-starrer 'Mahakal' advertisement, expresses apology

In the advertisement, Roshan says he felt like having a "thali" (food platter) in Ujjain so he ordered it from "Mahakal".

The Hindu

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M.P. Minister asks police to look into Zomato's Hrithik ad after Mahakaleshwar temple priests seek its withdrawal

Bhopal A day after priests of the Mahakaleshwar temple in Madhya Pradesh objected to online food del

The Hindu

Zomato delivery agents withdraw strike

The company agrees to their demands over arbitrary changes in their incentive payments

The Hindu

Food delivery agents plan stir against reduced incentives

Agents say they now earn only ₹500-₹600 a day after working 12-14 hours

The Hindu

Food delivery executive falls off his bike, hit by another vehicle; dies in Delhi

NEW DELHI: A Zomato food delivery executive died apparently after falling on the road from his motorcycle and being hit by an oncoming vehicle. The incident took place near Tughlaqabad metro station on Sunday night. Police are yet to determine the cause of the accident and the vehicle involved also…

The Times of India

Benzinga Before The Bell: Robinhood's Cryptocurrency Growth, Moderna's Q2 Earnings, PayPal's New CFO And Other Top Financial Stories Wednesday, August 3

CNBC Celsius Is Looking To Rehire Its CFO Rod Bolger

Benzinga

Benzinga Before The Bell: Instagram Head To Relocate To London, SEC Charges 11 for $300M Crypto Ponzi Scheme, Oracle's Layoffs And Other Top Financial Stories Tuesday, August 2

Reuters

Benzinga

Benzinga Before The Bell: Apple's iPhone Discount, Tesla's Bitcoin Loss, US Investor Fear And Other Top Financial Stories Monday, July 25

CNBC

Benzinga

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Bangkok Post

Heatwave fee for Asia's gig workers does little to cool climate stress

HO CHI MINH CITY/BANGKOK: As a heatwave engulfed northern and central Vietnam earlier this month, customers reaching for their phones to order food or a ride on the Grab app learned they would have to pay a surcharge.

The Hindu

Competition issues | Paytm, Oyo and Zomato founders among tech firms officials to meet parliamentary panel

Competition Commission of India is already probing various cases, especially in the digital space, following complaints of alleged unfair business practices

The Times of India

Jio-bp to power Zomato's EV journey

NEW DELHI: Jio-bp -- the fuel and mobility joint venture between Reliance Industries Ltd and supermajor bp -- on Wednesday said it will provide battery swapping facility to Electric Vehicles (EVs) of food delivery app Zomato.

The Times of India

Govt asks Swiggy, Zomato and others to submit plans in 15 days for improving complaint redressal

NEW DELHI: The government on Monday asked online food business operators like Swiggy and Zomato to submit a proposal within 15 days on improving their consumer grievance redressal mechanism amid rising complaints from customers.

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The Hindu

Government asks Swiggy, Zomato and others to submit plans in 15 days for improving complaint redressal

The Department of Consumer Affairs will soon hold a meeting with edtech firms like Byju's and Unacademy amid complaints that these platforms put extra study pressure on schools

The Times of India

Foreign investors shun LIC IPO over market risks

NEW DELHI: Foreign institutional investors have on the whole steered clear of India’s biggest share sale, deeming it too expensive given currency risks and the global market backdrop.

The Hindu

High fuel costs drive delivery personnel to go electric

But such a move should not be used to further squeeze the earnings of delivery workers, argues federation

Benzinga

Don't Go Buying Every Stock That Is Down 40-50%, Warns Prominent Indian Investment Banker

Despite the subdued global cues from the foreign markets, the Indian stock market has given a pretty decent return of almost 13% to investors in the past month.

The Times of India

Zomato says will 'promptly comply' with CCI recommendations in face of anti-competitive probe

NEW DELHI: Food delivery company Zomato on Tuesday said that it intends to “promptly comply” with the recommendations of the Competition Commission of India (CCI) a day after the antitrust watchdog ordered a probe against alleged anti-competitive practices by Zomato and its rival Swiggy.

The Hindu

Race to the bottom for gig workers

The food delivery sector is heading towards ‘quick delivery’ of food but is risking the safety of the delivery partners

The Hindu

Concern over Zomato’s 10-minute delivery promise

Gig workers’ body say lives of delivery partners are being put at risk

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