Skip to content
Search

Latest Stories

Zomato dissolves step-down subsidiary in UK

Zomato dissolves step-down subsidiary in UK

INDIA’S leading food delivery company Zomato has dissolved its step-down subsidiary in the UK in the latest closure of its international businesses.

“We wish to submit that Zomato UK Limited (ZUL), a step-down subsidiary of the company, has been dissolved effective from November 16, 2021..” the company said in a filing to the Bombay Stock Exchange (BSE) on Wednesday (17).


Zomato did not cite any reason for its action and an email sent to the company was not answered till the time of writing this report.

Its dining-out business in the UAE is the only international operation the company is retaining outside India after a slew of closures in other countries.

Last week, the company had said it was shutting down its operations in Lebanon.

“We are also shutting down our operations in Lebanon, which is the only international business we were left with (other than dining-out business in UAE) after shutting down the rest of our international operations,” Business Insider quoted Zomato’s chief executive Deepinder Goyal, as saying.

As part of its “clean up drive”, the company had earlier shut down its Singapore-based Zomato Media Private Limited and the US-based subsidiary Nextable Inc.

The company’s Ireland arm has also been suspended, the report said.

Zomato’s loss widened to Rs 4.34 billion (£43 million) in the July-September quarter this year from Rs 2.29 bn (£23m) loss it reported during the same period a year ago. However, its consolidated net sales during the three months surged 140.4 per cent to Rs 10.24 bn (£100m) year-on-year.

Zomato’s shares declined 1.18 per cent to Rs 154.70 (155p) on the BSE on Thursday (18) after the company’s update on its UK operations.

More For You

Jio Platforms

Jio Platforms includes India’s largest telecom operator, Reliance Jio Infocomm, with more than 500 million users. (Photo: Reuters)

Reuters

Jio IPO planned for mid-2026, AI unit announced with Meta and Google

RELIANCE Industries plans to take its telecom and digital arm, Jio Platforms, public by mid-2026, chairman Mukesh Ambani said on Friday. The announcement sets a new timeline for the long-awaited IPO of a business analysts value at over $100 billion.

At its annual general meeting (AGM), Reliance also announced the launch of an artificial intelligence unit in partnership with Google and Meta.

Keep ReadingShow less
Asda tech overhaul

Asda sales fell 0.2 per cent in the three months to June 30, 2025 (AFP via Getty Images)

AFP via Getty Images

Asda boss hails tech overhaul as key to revival despite sales slump

THE chairman of Asda has admitted the supermarket chain still faces challenges after sales slipped again over the summer, but said the completion of a major IT overhaul was crucial for its recovery.

Allan Leighton told the Times that the long-delayed technology project, called Project Future, had finally been finished after years of setbacks and costs exceeding £1 billion. The work involved separating more than 2,500 systems inherited from former owner Walmart, following Asda’s 2021 takeover by TDR Capital.

Keep ReadingShow less
JLR-Getty

A logo is pictured outside a Jaguar Land Rover new car show room in Tonbridge, south east England. (Photo: Getty Images)

Getty Images

UK car exports to US rebound after trade deal

UK VEHICLE exports to the United States rose in July after a new trade deal between London and Washington reduced tariffs, industry data showed on Thursday.

According to the Society of Motor Manufacturers and Traders (SMMT), exports increased 6.8 per cent in July to nearly 10,000 units, following three consecutive months of decline.

Keep ReadingShow less
Relatives of jailed Briton appeal to UK minister in AgustaWestland row

Christian Michel

Relatives of jailed Briton appeal to UK minister in AgustaWestland row

THE family of Christian Michel, the British businessman accused of acting as a middleman in the AgustaWestland VVIP helicopter deal, has appealed to the UK government to push for his release from Delhi’s Tihar Jail.

Michel’s relatives met Foreign Office minister Catherine West in London on Tuesday (26). The Foreign, Commonwealth and Development Office (FCDO) said the minister listened to their concerns and updated them on ongoing steps being taken.

Keep ReadingShow less
Migrant hotel workers call off strike after reaching agreement

Workers at Radisson Blu hotel in Canary Wharf

Migrant hotel workers call off strike after reaching agreement

WORKERS at the Radisson Blu hotel in Canary Wharf have cancelled a planned six-week strike after reaching an agreement that met all their demands.

The group of housekeepers, most of whom are migrant women from Nepal and members of the United Voices of the World (UVW) union, were due to begin industrial action on Sunday (31). It would have been the longest hotel strike in the UK since 1979, a statement said.

Keep ReadingShow less