Motilal Oswal has reiterated a “Buy” rating on Zomato stock, claiming it has found “no evidence” of an adverse impact from the Open Network for Digital Commerce (ONDC) on the food delivery app. BofA Securities has taken a more cautious “Neutral” stance, setting a price target of INR72 ($0.96). Though warning ONDC could become a significant risk if it continues to scale up it may still “serve as a key platform in the food delivery space”. In contrast, the high-end users who prefer speedy service on Zomato and Swiggy are not particularly price-sensitive.
Tata Sons Chairman N Chandrasekaran’s salary package jumps 15% to Rs 156 crore
N Chandrasekaran earned ₹155.81 crore in FY25, up 15% YoY, cementing his spot as India’s highest-paid executive. Despite a 24.3% profit drop at Tata Sons,