Shares of Zomato rose by almost 3% after the food delivery firm reported a lesser quarterly loss in Q4FY23. Zomato’s loss of INR 188 crore in the three month period ending in March is a significant improvement from the INR 360 crore reported in the same period the previous year. Meanwhile, consolidated revenue increased by 70% YoY to INR 2,056 crore, and revenue for FY23 was up 69% to INR 7,079 crore. While Nomura holds a “reduce” stance on the stock, brokerages Emkay and Goldman Sachs have maintained a “buy” on Zomato.
Rupee falls 14 paise to 92.42 against US dollar in early trade
The Indian rupee depreciated by 14 paise to trade at 92.42 against the US dollar on Tuesday, pressured by rising crude oil prices and consistent
March 17, 2026