March 10, 2026March 10, 2026 Shares of food delivery giants Eternal and Swiggy fell 1.5% on 10th March after reports that India’s food-service sector is facing a potential disruption due to a shortage of commercial LPG cylinders. Industry bodies have warned that existing supplies may last only about a…
Amid the ongoing volatility and market-wide corrections, investors are grappling with the dilemma of where to allocate capital: largecaps, or the more volatile mid and smallcaps. Weighing in on this debate, Gurmeet Chadha, Managing Partner and Chief Investment Officer at Complete Circle Consultants, shared his perspective on X, urging investors to adopt a medium- to…
Eternal shares have plunged 7% in two days, wiping out nearly $2 billion in market capitalisation, even as brokerages hiked target prices to as high as Rs 480, leaving investors confused whether to buy the dip or brace for more pain. The paradox deepens as Blinkit delivered positive EBITDA at a time when competitive intensity…
Eternal is expected to post robust headline growth in the December quarter, largely supported by Blinkit’s transition to a first-party (1P) model and continued momentum in quick commerce. On average, five brokerages project consolidated revenue to surge 193% year-on-year in Q3, while profit after tax is estimated to rise 51% from the same period last…
The Indian market ended higher on Friday, with the Sensex and Nifty climbing decisively as a strong earnings surprise from Infosys reignited risk appetite and pulled heavyweight IT stocks sharply higher, among other factors. The rally pushed the Sensex and Nifty to fresh intraday highs, reversing recent caution and setting a bullish tone for the…
Shares of the food delivery and quick-commerce company Eternal slid as much as 2.6% on Tuesday to an intraday low of Rs 275.55 on the BSE, sinking to their lowest level in more than five months, following reports that Blinkit’s CFO, Vipin Kapooria, had decided to move on from the company. Kapooria’s resignation comes a…
Food delivery and quick-commerce platform Eternal said in a statement on Saturday that the financial impact of the new social security code, which took effect on Friday, will not hurt the company’s long-term prospects. The Deepinder Goyal-founded firm added that the exact financial and operational implications will be known only once the rules are formally…
November 13, 2025November 13, 2025 Zomato co-founder Deepinder Goyal’s new aviation startup, LAT Aerospace, has unveiled its first fully electric fixed-wing UAV. This was developed entirely in-house in just a few months. In a post on X (formerly Twitter), Goyal shared images and a video…
The Indian market extended its winning streak on Friday, supported by foreign inflows, easing U.S. bond yields, a stronger rupee, and festive optimism. The S&P BSE Sensex surged 484.53 points, or 0.58%, to close at 83,952.19, while the NSE Nifty 50 rose 124.55 points, or 0.49%, to 25,709.85. Here’s how analysts read the market pulse:…
Solar PV modules manufacturer Waaree Energies on Thursday reported a 133% growth in its consolidated Q2 net profit at Rs 842 crore versus Rs 362 crore in the year ago period. The profit after tax (PAT) is attributable to the owners of the parent company. The company’s revenue form operations in the quarter under review…