Dec 08, 2022 08:26 AM IST

Machine-made biryani? How robotics and automation is taking over cloud kitchens in India

A few Indian startups like Mukunda Foods, Xook and On2Cook are trying to build the so-called food-as-a-service (FaaS) business by adding robotics to the kitchen menu. These machines guarantee to prepare food faster with consistency without or minimal manual labour

‘Day 1’ phrase is the lamest thing, says Ashneer Grover. PS: Deepinder Goyal recently used it

Zomato chief Deepinder Goyal had used the “Day One” phrase less than 48 hours before Ashneer Grover’s tweet.

Bulk Deals | Alipay Singapore Holding offloads Rs 1,631.4 crore stake in Zomato, Ashish Kacholia picks 2% shares in Likhitha Infrastructure

Camas Investments Pte Ltd, the subsidiary of Singapore-based sovereign wealth fund Temasek, picked 9.8 crore shares or 1.14 percent shareholding in Zomato at an average price of Rs 62 per share.

We are uncomfortable when founders want to do secondaries prematurely: Sanjeev Bikhchandani reacts to an epilogue from Ashneer Grover's book

Bikhchandani's comments were in response to a passage from Grover's book, where Grover said how a founder should not shy away from liquidating their stock at every secondary sale opportunity.

Swiggy shuts its cloud kitchen brand The Bowl Company in Delhi-NCR

A Swiggy spokesperson said the expansion into Delhi-NCR was an experiment.

3.4% of Zomato stake changes hands in block deals as Alibaba sells shares

While the buyers and sellers were not known, sources said Alibaba pared its stake from 13% to 10%, selling shares worth $200 million through subsidiaries Ant Financial and Alipay

Stock Market LIVE: Time to buy tyre stocks as rubber price falls? | Zomato, Gland Pharma in Focus

European markets settle marginally lower as trader’s monitor China’s COVID-19 policy. Stoxx600 gave up early gains to settle flat with a negative bias. FTSE outperformed, ending 0.5 percent higher. Natural rubber prices slid to 2-year lows. But is it good times ahead for tyre companies? On the technical front, we put the spotlight on Zomato, Gland Pharma and Bharat Bijlee.

Alibaba to sell $200 million worth of shares in Zomato today: Report

Ant Financial and Alipay, through which Alibaba has invested in Zomato, would bring down their stake to about 10 percent, by selling shares in Zomato at a 5-6 percent discount, CNBC Awaaz has said

Alibaba to sell Zomato shares worth $200 million via block deal: report

Alibaba to sell Zomato shares worth $200 million via block deal

Paytm, Zomato top brass rewarded with hundreds of crores of ESOP payouts in H1FY23

Top managers of Paytm got ESOPs worth Rs 564 crore in H1, those of Zomato got ESOPs worth around Rs 380 crore

Investors in new-age firms suffer Rs 2-lakh-crore dent in wealth since listing

New-age company stocks have started falling again since last week after the lock-in period for Nykaa and Delhivery shares held by pre-IPO investors lapsed

Deepinder Goyal says 'not a boomer anymore'. Zomato asks him to...

Deepinder Goyal said he is sharing a series of “me-made” posters in the Zomato office reception to “drive culture” at the company.

Zomato sees a series of resignations. How worried should investors be?

Mohit Gupta’s exit follows that of Rahul Ganjoo, Head of New Initiatives, and Siddharth Jhawar, Head of Intercity Legends. In August, Nitin Savara, Deputy CFO, resigned to start something new.

Stock Market LIVE: Export duty scrapped! Will metal stocks rally? | Markets with Santo & CJ

The government has finally removed duties imposed on export of steel and iron ore products in a massive relief to the sector. CJ believes that this will boost sentiment towards the sector, but Santo is not convinced if there is any near-term benefit. Watch as the duo dissect the implications of the government's move on steel stocks. Plus they share their thoughts on HDFC, IEX and Zomato.

Zomato begins layoffs across functions; plans to shrink workforce by 4%

At least 100 employees have been already impacted across functions such as product, tech, catalogue and marketing. The company plans to layoff atleast 4 percent of its total workforce.

Zomato co-founder Mohit Gupta resigns, marking the third big exit in two weeks

Amid a meltdown of tech stocks, the food delivery company has suffered in the public market this year as its stock price has fallen by more than 50 percent from its peak of Rs 162 on the BSE.

Epicentre of climate-change tech will move into India: Prashanth Prakash

There’s a large opportunity in this space to build from India for the world, says the co-founder of venture capital major Accel India and Board member at ACT.

New-age tech companies divert their focus from growth to profitability

The new-age companies, after having spent some time under greater public scrutiny on listing, there's a clear shift in attitude. From the steps taken to management commentary and operating performance views - one thing looks clear that becoming profitable is at a top priority

Moneycontrol Selects: Top stories this evening

Our specially curated package of the most interesting articles to help you stay at the top of your game.

Food app Zomato tastes bittersweet, splits brokers on flavours of growth

Two prominent brokerages take widely different views on profitability and growth of the foodtech platform

Zomato to discontinue food ordering service in UAE; app users will be redirected to Talabat

From November 24, users of the app will be redirected to online food ordering company Talabat, to which Zomato sold its UAE-based food delivery business in 2019.

Zomato: Should you bite into this business?

Profitability by FY24 is likely to come at the cost of the growth in the food delivery business

Top 10 trading ideas for next 3-4 weeks as bulls may charge Nifty beyond record 18,604

Chances look bright for the Nifty50 to move towards the record high of 18,604 in the coming days if the momentum sustains and global markets support, with crucial support at the psychological 18,000 mark, said experts. They advise to continue with the 'buy on dips' strategy

Trade Spotlight | What should you do with Zomato, Swan Energy, HDFC on Monday?

HDFC was the biggest gainer in the Nifty50, rising 6 percent to Rs 2,651.70 and formed robust bullish candle on the daily charts with high volumes after consolidation for several sessions. Also it has given a healthy breakout of long downward sloping resistance trend line adjoining November 15, 2021 and November 9, 2022.

Zomato Standalone September 2022 Net Sales at Rs 1,177.90 crore, up 31.3% Y-o-Y