Tag: Zomato

Zomato faces a GST notice of Rs 9.5 crore from Karnataka tax authorities, raising questions about compliance under the GST regime. The company plans to appeal, potentially setting a precedent for digital platforms. The case highlights the challenges of tax compliance in the gig economy.

The digital entertainment industry in India is witnessing a thrilling showdown between Zomato and BookMyShow. Zomato's acquisition of Paytm's movie-ticketing business signals its entry into entertainment booking, challenging BookMyShow's dominance. This competition promises innovation, better services, and more options for consumers.

Today's stock market focuses on key players like Zomato, Paytm, TCS, Ixigo, LIC, RVNL, and Bharti Airtel due to acquisitions, legal issues, new orders, and strategic initiatives influencing their stock prices.

Zomato is in talks to acquire Paytm's movies and ticketing business, aiming to diversify its portfolio into the entertainment sector, potentially valuing the deal at Rs 1,600-1,750 crore. This move could broaden Zomato’s service offerings and enhance cross-selling opportunities, while enabling Paytm to focus on its core activities.

The company confirmed ongoing discussions with Paytm. Zomato has released a voluntary statement addressing rumours about the acquisition.

Food delivery company Zomato has confirmed discussions with Paytm regarding the acquisition of Paytm's movies and events business.

Samsung entered into partnership with Paytm to integrate travel, entertainment services to its wallet in India. Check how will it benefit galaxy users.