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.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an
August 27, 2026