FHRAI accuses Zomato, Swiggy of data misuse, seeks commerce ministry action
The letter raised objections to Zomato and Swiggy's entry into quick food delivery services through their private-label brands, Bistro and Snacc.
The letter raised objections to Zomato and Swiggy's entry into quick food delivery services through their private-label brands, Bistro and Snacc.
The new entries also allow the benchmark indices to encompass in themselves new-age companies and firms that were listed in the past two years.
An investigation by the CCI found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring restaurant chains listed on their platforms, documents show.
Following the announcement of its Q4 FY24 results, Zomato stated that Blinkit plans to expand its store footprint to 1,000 by the end of FY25, up from 526 stores as of March 31, 2024, with 75 stores added in Q4.
The company had posted a consolidated net loss of Rs 188 crore in the same quarter last fiscal, Zomato Ltd said in a regulatory filing
Today’s gains in Zomato share price came after JM Financial raised the target price on the stock and sees an upside potential of over 32%
These vehicles will contribute towards revolutionising last-mile delivery, enabling Zomato to further reduce carbon footprint