The FinTech Hub
Source: Live Mint Zomato Q4 Results: Zomato, now known as Eternal, on Thursday, May 1, posted a sharp decline of 78% year-on-year (YoY) in its January-March quarter of the financial year 2024-25 (FY25) to ₹39 crore, largely on account of the accelerated investments in its quick-commerce business Blinkit. Moreover, the slowdown in the food delivery…
Source: Live Mint Brokerage JM Financial, in its preview for Q4FY25, indicated that variations in corporate performances across the internet sector are anticipated due to specific trends within each segment. Although growth in food delivery for Eternal (Zomato) and Swiggy is predicted to slow down, substantial growth in quick commerce (QC) is expected to be…
Source: Live Mint Online food delivery platform Zomato (now known as Eternal) on Saturday, April 5, disclosed that the company’s food ordering and delivery businesses’ Chief Operating Offer (COO) has resigned to look for other opportunities elsewhere, according to an exchange filing. “We would like to inform that Mr. Rinshul Chandra, COO – Food Ordering…
Source: Live Mint Block Deals: Goldman Sachs remains bullish on Hindustan Aeronautics Ltd (HAL) and Zomato shares. It has bought these share in block deals on 28 March as indicated by the data on the BSE . Block Deal details Hindustan Aeronautics Ltd (HAL) shares– BSE Block deal data shows that Goldman Sachs (Singapore) pte…
Source: Live Mint The Nifty gets a makeover twice a year and this time, Zomato and Jio FInancial are in, while BPCL and Britannia are out. A lot of regular investors think this is a chance to make easy money. A Mint analysis reveals that over the past decade, roughly 64% of retail investors chasing…
Source: Live Mint Here’s a case in point. Many clients of Northwest Registered Agent LLC, a company that provides compliance filing and other business services, have been using an AI-powered agent, AI-RAH, for the past two years. This AI agent handles tasks such as forming limited liability companies (LLCs), corporations, and non-profits. It manages document…
Source: Live Mint On a day when trading volumes were low, the Indian markets continued their downward spiral for the fifth straight session on Monday. Benchmark indices slid more than 1% each to their respective eight-month lows, wiping out a staggering ₹4,34,579 crore in investor wealth in a day. Total turnover on NSE—at ₹71,947.32 crore—was…
Source: Live Mint Swiggy Ltd’s food-delivery business saw a sequential rise in its average monthly transacting users to 14.9 million in Q3FY25 from 14.7 million. This compares with the quarter-on-quarter (q-o-q) drop in Zomato Ltd’s user base to 20.5 million from 20.7 million. While it is hard to identify specific reasons for the divergent trends…
Source: Live Mint Budget 2025: Shares of Zomato and Swiggy increased by 9-10% following Finance Minister Nirmala Sitharaman’s declaration of an income tax exemption for individuals with an annual income of up to ₹12 lakh in the Union Budget 2025. Experts think this initiative may stimulate spending in light of indications of waning urban demand….
Source: Live Mint Mumbai: Donald Trump’s sabre-rattling before and after his swearing-in sent the Indian markets scurrying for cover on Tuesday, with benchmarks Nifty 50 and S&P BSE Sensex tumbling to their respective seven-month lows. Investors were already in a sombre mood, thanks to sluggish corporate earnings, foreign investor sell-offs, and pre-budget jitters. The uncertainty…
