Zomato
Swiggy, Zomato shares rally up to 8% as ICICI Securities reiterates buy ratings
Swiggy and Zomato shares rose after ICICI Securities reaffirmed its bullish outlook, citing attractive valuations and improved discretionary spending. The brokerage set a ₹740 target for Swiggy (110.4% upside) and ₹310 for Zomato (34.9% gain), dismissing quick commerce concerns.
Zomato vs Zepto: Deepinder Goyal's statement on Zepto cash burn 'verifiably untrue': CEO Aadit Palicha
This is in response to the Zomato CEO's comments to ET in an exclusive interview, that Zomato-owned Blinkit only accounts for 2-3% of the cash burn seen in the rapid delivery segment.
Zomato’s 10-minute food delivery offering contributing 8% to platform’s volumes: CEO Deepinder Goyal
The service, named Quick, aggregates restaurants and eateries from where it makes rapid delivery of a limited set of food items. Quick’s rival Bolt from Swiggy, last month clocked a 9% contribution to its food delivery volumes.
Spurring food delivery growth, keeping discipline intact for Blinkit key: Zomato CEO Deepinder Goyal
In an exclusive interview, Goyal said India’s food delivery sector is facing multiple systemic issues that need to be fixed amid the larger slowdown in the industry. Goyal said the quick commerce industry's quarterly cash burn is trending at Rs 5,000 crore but Blinkit is contributing merely 2-3%.
Quick commerce sector burning Rs 5,000 crore per quarter: Zomato CEO Deepinder Goyal
Quick commerce player Blinkit accounts for 2-3% of the industry cash burn but has a 40-45% market share. Its focus is on sustaining growth while ensuring discipline in cash allocation for investment, said the CEO of Blinkit’s parent, Zomato.
ETtech Q&A | Zomato CEO Deepinder Goyal on food delivery slowdown, quick commerce burn and more
Even as competition in the quick commerce segment heats up, the food delivery major is continuing to invest in new businesses. Goyal said the company does not operate on budgets or quarter-to-quarter thinking but does what's right for the different businesses under its roof.
Can Zomato shares hit Rs 310? Bernstein sees 35% upside despite quick commerce losses
Zomato's shares could rise by 35% to Rs 310, according to Bernstein, due to its dominance in India's quick commerce space, expansion through Blinkit, and geographical growth with Instamart. Despite near-term losses, Bernstein sees long-term value. Zomato is also set to join the Nifty 50 index on March 28, 2025. Shares have surged 37.61% in the past year.
IT minister Priyank Kharge asks ecommerce, quick commerce to get their act together
The minister said he has been getting complaints about AI chatbots trapping customers in a cycle of uncertainty. In a post of X, Kharge named Swiggy and Zomato.
IPL 2025: Want to watch Shubman Gill & Co? Tickets for Gujarat Titans' matches go live
IPL Tickets: Gujarat Titans will commence online ticket sales for TATA IPL 2025 from March 5 through the Gujarat Titans and District Apps, partnering with District by Zomato for a smooth booking experience. Fans are encouraged to secure tickets early for the opening match against Punjab Kings on March 25.
Blinkit, Zepto hike commissions to boost per-order earnings
Blinkit and Zepto are raising commissions to boost revenue amid competition and investor concerns. Zepto’s hikes align with its IPO plans, while Blinkit is shifting to a variable model. Both firms continue aggressive expansion despite increased cash burn and market pressures.
With its bottomline under pressure, Blinkit shifts to variable commission rates for sellers
Blinkit has revised its commission structure, shifting from fixed rates to variable pricing based on selling price. This move aims to boost profitability amid competition. The new rates take effect March 13, impacting sellers and brands.
Premium valuations, Q3 misses bite new-age stocks in gloomy market as scrips fall over 50% in 2025
New-age stocks have plunged over 50% in 2025 as investors reassess valuations and earnings. Companies like Mobikwik, Swiggy, and Ola Electric have fallen significantly, with several trading below IPO prices amid market downturns. Fundamental expert Kranthi Bathini, Director-Equity Strategy at WealthMills Securities said that stock prices are slaves to earnings all these new-age companies are trading at premiums.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Rating vs ‘Match Score’: Zomato's Deepinder Goyal wants to replace 'biased ratings' with personalised recommendations
Zomato CEO Deepinder Goyal is shaking things up by testing a "match score" system to personalise restaurant recommendations based on individual taste. Unlike traditional ratings, this approach aims to cut through mass opinion bias. While some users appreciate the tailored experience, others worry about corporate influence and algorithmic control.
The Zomato vs Zepto burn war; M2P Fintech eyes Vue AI
Deepinder Goyal told ET that even as rivals like Zepto haemorrhage cash, Blinkit is walking away with a minimal burn. This and more in today’s ETtech Top 5.
Indian grocery giant BigBasket eyes IPO in 2 years as business booms
India's BigBasket is planning to go public in the next 18 to 24 months, its CEO said, as the Tata Group-backed grocery giant seeks to tap surging demand for quick online deliveries of everything from fruits to Apple iPhones.
Blinkit gets Rs 1,500-crore cash boost from Zomato
The cash infusion largely goes to cover Blinkit’s losses as it undertakes aggressive expansion and faces intense competition in the quick commerce sector. With this, Blinkit has now received a total of Rs 4,300 crore from Zomato since it acquired the online grocery delivery firm. As of December 31, 2024, Zomato had Rs 19,235 crore in cash on its books.
'Ab swaad nahi aa raha': Zomato mocks one-sided India vs Pakistan rivalry ahead of Champions Trophy clash
India vs Pakistan: Cricket fans are anticipating an intense India vs Pakistan clash in the 2025 ICC Champions Trophy, with India’s recent dominance highlighting the rivalry. Zomato added a humorous twist, questioning the excitement of these encounters and poking fun at Pakistan's performance.
ET Awards for Corporate Excellence 2024: Meet the leaders driving innovation and impact
Celebrating 25 years of excellence, The Economic Times Awards for Corporate Excellence honours leaders and organizations transforming India's business landscape. This year's notable winners include Ashwini Vaishnaw, Kumar Mangalam Birla, Vishakha Mulye, Venu Srinivasan, Fareed Zakaria, Peyush Bansal, and entities like Mahindra & Mahindra, Zomato, and Grasim Industries.
After 90-hour workweek remark, L&T chief S N Subrahmanyan now announces one day paid menstrual leave for women employees
Larsen & Toubro introduced a one-day menstrual leave policy for its core engineering and construction divisions, benefiting around 5,000 women employees. This move, announced during Women's Day celebrations, is a first in the industry. However, it excludes financial and technology subsidiaries. Concerns arise about reinforcing gender biases, amid prior controversial remarks by Chairman S N Subrahmanyan.
L&T announces one-day paid menstrual leave
Engineering giant Larsen and Toubro has announced a one-day paid menstrual leave for its 5,000 women employees, marking a first for a major corporate house. The announcement, aligned with International Women's Day celebrations, aims at supporting women employees, who make up 9% of L&T's workforce.
The Deepinder Goyal interview; Trump boosts Indian crypto
Happy Tuesday! In an exclusive interview with ETtech, Zomato’s CEO Deepinder Goyal spoke about the challenges of food delivery, cash burn in quick commerce, and more. This and other stories in today’s ETtech Morning Dispatch.
ET Awards 2024: Many of our problems existing in several large economies as well, only way to compete is by...: Kumar Mangalam Birla
Kumar Mangalam Birla emphasizes the importance of investing for global competitiveness at the ET Awards 2024. Honored as 'Business Leader of the Year', he highlighted that issues faced by the Indian economy are common globally, and placed confidence in India's growth alongside North America, citing his company's significant diversification and expansion.
'You let the school down': Kumar Mangalam shares childhood incident of being scolded by school principal for ignoring chief guest
Kumar Mangalam Birla reminisced about a childhood incident of being scolded for not acknowledging a chief guest after winning a prize. At the ET Awards 2024, he expressed his joy in seeing his mother's smile. Under his leadership, the Aditya Birla Group has achieved significant milestones.
ET Awards: Industry titans all set to walk the pink carpet
The 25th edition of The Economic Times Awards for Corporate Excellence will take place on March 8th in Mumbai, honoring India's top business elites. Key awards include Business Reformer of the Year, Businesswoman of the Year, and Lifetime Achievement. Union finance minister Nirmala Sitharaman will present the awards.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 7.8 points up at 22552.5
Stocks in news: Zomato, Jio Financial, Swiggy, Coal India, Airtel, Ami Organics
Shares of Swiggy, Hyundai, Bajaj Housing Finance, Zomato, Jio Financial will be in focus as the companies made it to exclusive Nifty and Nifty50 indices as part of the latest reshuffle.
Food delivery startup Swish raises Rs 122 crore from investors led by Hara Global and Accel
The funds will be used for expanding operations across Bengaluru, with plans to roll out the quick food delivery model to more pincodes in the upcoming months.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 207.41 points up at 22544.7
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 7.8 points up at 22552.5
Swiggy moves to new office in Gurgaon, maintains Bengaluru headquarters
The One Horizon building is home to a variety of leading tech companies, startups, and venture capital firms, including Apple India, Samsung India, Uber India, Z47 (formerly Matrix Partners India), Elevation Capital, and Noise.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 36.65 points down at 22082.65
Swiggy Instamart drops non-veg food items from app on Maha Shivratri; users react on social media
The quick commerce company is also delivering the sacred Tandool Mahaprasad ladoos directly from Kashi Vishwanath Temple in Varanasi across 40 cities. Competitor Swiggy is, however, offering non-veg food on its platform.
Ahead of Market: 10 things that will decide D-Street action on Monday
Indian markets ended flat on Friday, with gains in Reliance Industries offsetting losses in IT stocks amid cautious market sentiments. Global uncertainties due to U.S. tariffs and trade policy concerns weighed on investor sentiment. While Nifty showed short-term potential, analysts suggest focusing on large caps and fundamental stocks for future growth amidst ongoing market volatility.
Is Indian market, specially IT, facing structural issues? Anand Tandon explains
Anand Tandon notes structural issues in India's IT sector, impacting job growth and domestic consumption. He cautions against rushing to buy in an oversold market. Tandon highlights the need for a new growth industry and expresses concerns about India's economic outlook, suggesting lower market expectations moving forward amid cyclical market conditions.
Blinkit’s commission shift; Semicon Mission 2.0
Zomato’s Blinkit has overhauled the way it charges commissions to brands and sellers. This and more in today’s ETtech Top 5.
Is the soya chap and biryani effect over? 4 QSR stocks with an upside potential of more than 36%
Till a few years back, there were only two quick service restaurant (QSR) stocks listed on the market. One selling pizzas and the other selling burgers. Then came a slew of IPOs. All of them received good responses and did well for some time. Then the phenomenon called Zomato hit all these companies because it transformed every “soya chap seller” and biryani maker into QSRs capable of reaching customers everywhere. While the business hit these companies suffered was considerable, the hit on valuations was higher. FPIs, which were bullish on the pizza seller, have reduced their holdings in the last two years. But there is a limit to any up or downside. Have these businesses stabilized? Does sentiment need to change?
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 208.85 points up at 22291.5
Sensex gives up early gains, falls over 300 points; Nifty below 22,300; HDFC Bank, Airtel top drags
Indian benchmark indices Sensex and Nifty opened higher for the second consecutive session driven by gains in key sectors like auto, financial, and metal stocks. The gains were influenced by US President Donald Trump's temporary tariff reprieve on automobile imports from Mexico and Canada.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 5.41 points down at 22119.3
FMCG distributors allege deep discounting by quick commerce firms with CCI
Blinkit, Zepto and Swiggy Instamart are the companies that have been taken to the CCI. The All India Consumer Products Distributors Federation (AICPDF) has filed a detailed complaint with supporting evidence and documents, saying the anticompetitive practices have resulted in the shutting down of over 200,000 local retail shops across 75-80 cities.
Consulting, finance companies top recruiters at IIM-Calcutta
The Indian Institute of Management, Calcutta (IIM-C) concluded its final placements for the MBA Class of 2025, with the consulting sector emerging as the top recruiter, offering 201 positions (37.3% of total offers). A total of 456 students received 538 offers from 196 companies, despite challenging market conditions.
Lenskart’s Peyush Bansal on global expansion; Easebuzz hits home run
Happy Wednesday! Lenskart CEO Peyush Bansal spoke to ET about building a global brand, IPO plans and more. This and other top stories in today’s ETtech Morning Dispatch.
Home advantage: Domestic recruiters score big at IIMs
Domestic companies, including startups and manufacturing firms, have significantly increased hiring during final placements at several IIMs, surpassing foreign multinationals. The hiring surge is attributed to rapid economic growth, increased demand in various sectors, and government initiatives, leading to a substantial rise in job offers and competitive salary packages.
Jefferies removes India's Siemens from Asia ex-Japan portfolio, gets greedy for Chinese BYD, Tencent, CATL
Jefferies has removed India's Siemens from its Asia ex-Japan long-only equity portfolio to increase China’s weighting by 2%. The move follows Siemens' 22% underperformance over six months, with India and Korea’s weightings reduced by 1% each.
Ahead of Market: 10 things that will decide stock market action on Monday
The Indian market witnessed its worst day in nearly five months on Friday, with the Nifty 50 extending its longest monthly losing streak since 1996 amid growing concerns over domestic market conditions.
India's quick-commerce sector may struggle to maintain current growth, Blume Venture's report says
India's "fastest growing industry segment ever", dominated by the likes of Zomato-owned Blinkit, Zepto and Swiggy Instamart, logged a 24-fold increase in gross order value (GOV) in the same period, the report said.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 420.35 points down at 22124.7
Startup bosses ditch traditional hiring playbook, add 'headhunter' to their resumes
New-age startup leaders are leveraging social media platforms like LinkedIn and X for direct hiring, bypassing traditional HR channels. This approach has led to an overwhelming number of applications and the hiring of diverse candidates, including those not actively job searching.
Zomato, Jio Financial shares in focus on inclusion in Nifty 50 index
The decision was made following the NSE sub-committee's meeting on Friday, February 21. However, the changes will take effect from March 28, 2025, marking the close of March 27, 2025.
Market slump hits new-age stocks; many trade below IPO price
Paytm, Delhivery, and Honasa are the top losers, while Zomato and PB Fintech have stood up successfully against the market volatility.
Q-Commerce vs retail: Milind Karmarkar weighs in on Zomato, Swiggy vs D-Mart, V-Mart
Quick commerce continues to gain traction in India's urban centers, while traditional big-box retail remains strong in smaller towns. Fund manager Milind Karmarkar suggests a balanced investment approach, seeing potential growth and challenges for both segments over the next five years.
Gensol Engineering shares plunge 28% in 2 days after CARE Ratings downgrade
Gensol Engineering shares plunged 10% to a 52-week low of Rs 372.60 on the BSE, extending a 28% fall over two sessions. The drop followed CARE Ratings' downgrade due to loan servicing delays. The stock has declined 63% from its peak, with technical indicators signaling continued weakness amid liquidity concerns and bearish momentum.
Sensex falls over 200 pts, Nifty below 22,500; IT, banking stocks tumble
Indian benchmark indices opened lower on Friday, influenced by weakness in Asian markets and declines in IT and private banking stocks. This downturn follows two sessions of gains driven by the possibility of US tariff relaxation on Canadian and Mexican goods and the recent drop in oil prices. Investors await crucial US labor market data for further direction.
Reliance Industries shares in focus as unit faces Rs 3.1 crore penalty for battery plant delay
Reliance Industries Ltd (RIL) faces attention after its subsidiary, Reliance New Energy Battery Storage Ltd (RNEBSL), was penalized Rs 3.1 crore for missing a deadline under India’s PLI scheme for battery cell manufacturing. The penalty relates to a delay in achieving a key milestone in the development of a 10 GWh battery manufacturing facility in Gujarat.
Biocon shares up 3% after US FDA nod for key cancer drugs
Biocon share price: Shares of Biocon Ltd rose 3% after Biocon Pharma received FDA approvals for cancer drugs Lenalidomide and Dasatinib, enhancing its US oncology market presence. The company also got tentative approval for Rivaroxaban. Despite recent stock declines, analysts suggest a potential 22% upside. Biocon's Q3 profits dropped sharply due to a previous one-time gain.
Varun Beverages shares rally 2% as Jefferies adds stock to high conviction list
Shares of Varun Beverages rose due to Jefferies adding the stock to its high conviction list, driven by strong summer demand and attractive valuation. Despite recent competition concerns, Jefferies and CLSA maintain a positive outlook on the company's strong earnings and brand loyalty.
Power Grid shares jump 3% after securing three inter-state transmission projects
Power Grid Corporation of India won three inter-state power transmission projects under a tariff-based bidding process. These include transmission systems for Rajasthan Renewable Energy Zone phase-5, Gujarat's Banaskantha power station, and Kurnool-IV REZ phase-I. Despite securing these projects, Power Grid reported a 4.1% decline in net profit for December 2024 quarter.
Apollo Hospitals shares in focus after announcement of Rs 250 crore proton therapy expansion plan
Apollo Hospitals' shares are in focus after announcing a partnership with Ion Beam Applications to introduce the Proteus One proton therapy system in India. The company will invest Rs 250 crore over three years to expand its oncology services. This move is expected to increase treatment capacity by 350 patients annually, reinforcing Apollo's leadership in proton therapy across South Asia and the Middle East.
Nifty50's valuation to get a lift with Zomato, Jio Fin joining index
The changes would make Nifty's valuations look more expensive, a key factor for the unrelenting selling by foreign investors in Indian equities since October.
Gensol Engineering shares crash 20% after CARE Ratings downgrade
Gensol Engineering shares hit the lower circuit, plunging 20% to Rs 413.95 after CARE Ratings downgraded its bank facilities due to loan servicing delays. The stock is down 63% from its peak, trading below key moving averages. CARE flagged liquidity concerns, citing poor debt servicing. Technical indicators signal continued weakness.
Zomato, Jio Financial to bloat Nifty valuation, making it even pricier
Since 2018, high PE stocks have steadily replaced lower-valuation companies, driven by new entrants from fintech, consumer discretionary, and healthcare. Meanwhile, older economy stocks, including oil & gas, industrials, and traditional lenders, have been phased out. This shift reflects evolving market dynamics favoring growth sectors over legacy industries.
More IPO losses than wins: India’s storied startups failing investors in the stock market
India's startup IPOs have largely disappointed in public markets, with many trading below issue prices. High valuations, lack of profitability, and operational challenges post-IPO are key factors. Regulatory issues and unrealistic market expectations have also impacted shares. However, companies like Zomato and EaseMyTrip have seen success due to strong financials and growth strategies.
Zomato, Jio Financial earn Nifty 50 ticket at Britannia, BPCL's expense
Food delivery company Zomato and Jio Financial Services have made an entry into the Nifty50 index as part of the semi-annual reshuffle while Bharat Petroleum Corporation and Britannia Industries have been booted out.
Coffee Day shares surge 20% as NCLAT sets aside insolvency proceedings
Shares of Coffee Day Enterprises Ltd (CDEL) surged by 20% after the National Company Law Appellate Tribunal overturned an earlier insolvency ruling. The decision brings significant relief to the company, which had seen substantial financial challenges, including a recent quarter loss despite a year-on-year revenue increase.
Nifty reshuffle decision expected today. Will Zomato, Jio Financial make it to top 50 club?
India's Nifty 50 index is set for reshuffling, likely including Zomato and Jio Financial Services while removing Bharat Petroleum and Britannia Industries. This could trigger significant trading volumes and inflows of $702 million for Zomato and $404 million for Jio Financial. The changes, effective March 28, 2025, will be finalized today.
Jio Financial Services shares drop 4% to hit fresh 52-week low
Jio Financial Services share price: Shares of Jio Financial Services Ltd fell 4.3% to Rs 198.6, reaching a new 52-week low amid ongoing selling pressure. The stock has declined 42% in the past six months. Despite recent financial struggles, Jio Financial is set to join the Nifty 50 index by March's end, potentially driving passive fund inflows.
Tata Motors shares slip 2% as February sales dip 8%
Tata Motors Share Price: Despite the selloff, some analysts see long-term value. CLSA recently upgraded the stock to ‘high conviction outperform,’ citing attractive valuations and the potential for a cyclical recovery, setting a target price of Rs 930. However, BNP Paribas maintained an ‘outperform’ rating but warned of near-term uncertainties that could keep the stock under pressure in 2025.
BSE shares slip 5% as Goldman Sachs slashes target price on regulatory concerns
BSE share price: Goldman Sachs reduced its target price on BSE shares to Rs 4,880 from Rs 5,650, while maintaining a "neutral" rating. The brokerage noted that nearly 70% of BSE’s average daily turnover is driven by proprietary traders, whose activity may be impacted by upcoming regulatory changes.
Carborundum, Praj Industries shares rally up to 8% as Kotak Equities upgrades ratings
Carborundum Universal surged by up to 8.2% on Tuesday, reaching Rs 912.45 on the BSE, while Praj Industries gained 6.5%, hitting Rs 508. Kotak Equities increased its target price for Carborundum to Rs 980, suggesting a possible 7.4% upside from the current price.
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 420.35 points down at 22124.7
Stock market update: Nifty Realty index falls 1.41%
The Nifty Realty index closed 1.41 per cent down at 797.9.
Swiggy, Hyundai among 7 stocks to make it to Nifty Next50 in latest index reshuffle
The latest Nifty Next 50 reshuffle added Bajaj Housing Finance, BPCL, Hyundai Motor India, Indian Hotels, Swiggy, CG Power, and Britannia, replacing Adani Total Gas, BHEL, IRCTC, Jio Financial, NHPC, Union Bank, and Zomato.
Real Madrid Legends & Barcelona Legends set for historic clash in India on April 6
For the first time in India, football fans will witness Real Madrid Legends vs Barcelona Legends, featuring stars like Luís Figo and Rivaldo, on April 6, 2025, at DY Patil Stadium in Navi Mumbai. The event aims to position India as a major destination for global sporting events.
Stock market update: Nifty Realty index falls 1.09% in a weak market
The Nifty Realty index was trading 1.09 per cent down at 800.5.
Battery-swapping companies cash in on quick commerce’s EV turn
The increasing adoption of electric vehicles for last-mile deliveries in quick commerce is driving business for startups focused on charging infrastructure and battery-swapping services. Platforms like Blinkit, Zepto, Swiggy Instamart, and Flipkart’s Minutes, which compete in the fast-growing but highly competitive quick commerce market, are turning to EVs to cut delivery costs.
Stock market update: Nifty Bank index falls 0.69% in a weak market
The Nifty Bank index was trading 0.69 per cent down at 48407.75.
Sensex gains over 300 points, defying global trends; Nifty back above 22,600
Indian stock indices Sensex and Nifty rose despite negative global cues, supported by gains in ICICI Bank, M&M, and Zomato. Asian markets fell due to concerns about US tariffs on Chinese investments. FIIs continued selling Indian equities, while DIIs kept buying. Crude oil prices went up following US sanctions on Iran. The Indian rupee weakened against the US dollar.
Stock market update: Nifty Pharma index falls 1.92%
The Nifty Pharma index closed 1.92 per cent down at 19813.5.
Sandip Sabharwal advises caution on IT stocks as US uncertainty looms over global demand
So, these are not good measures actually and they artificially inflate the Nifty PE because you are removing profit-making companies with a relatively lower valuation and getting companies with not too much of profits.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 2.5 points down at 22545.05
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 5.8 points down at 22547.55
Public sector banks eye fintech tie-ups; Blinkit, Zepto raise commissions
Happy Friday! Public sector banks are eyeing collaborations with fintech startups to boost lending to MSMEs. This and more in today’s ETtech Morning Dispatch.
Ahead of Market: 10 things that will decide stock market action on Thursday
The Indian market was closed on Wednesday for Maha Shivratri. On Tuesday, the Sensex ended slightly higher and the Nifty closed flat, as gains in financial and auto stocks balanced losses in metals. Analysts expect market sentiment to remain cautious due to economic data releases and global tariff uncertainties.
Beyond financials: Dinshaw Irani sees growth in quick-commerce
Dinshaw Irani of Helios Capital emphasizes sticking with strong stocks rather than chasing new themes, particularly in the quick-commerce sector. He acknowledges the sector's market leader for its strategic resilience and backend improvements, while expressing caution towards competitors with significant losses.
Nestle India considering price hikes to counter commodity inflation, executive says
Nestle India is planning to increase prices of its products slightly to manage the inflation in coffee, cocoa, and edible oil. Despite the essential price hikes, the company intends to keep them minimal to avoid impacting sales volume significantly. The strategy aims to balance cost increases while maintaining consumer demand.
Ahead of Market: 10 things that will decide stock market action on Wednesday
The Indian market closed lower on Tuesday, with Nifty 50 marking its longest losing streak in three decades due to escalating global trade tensions. The Sensex fell 96 points (0.13%) to 72,989.93, while Nifty 50 dropped 36.65 points (0.17%) to 22,082.65.
Listed startups get a delivery of reality: It's hot on the Street
The tide is expected to turn for some of the companies including Swiggy and Mobkwik over the next few quarters. ETIG offers a snapshot of key takeaways from the recently concluded results season for each of these startups.
Zomato hiring turns into a life lesson: Gurugram woman shares interview experience, CEO Deepinder Goyal reacts
A Gurugram woman, Kashish Goyal, shared her interview experience at Zomato (now Eternal) on LinkedIn, detailing how she realized midway that the role wasn’t right for her. Instead of pretending or leaving, she openly communicated with the team, who responded with understanding and a 20-30 minute conversation to help her. Kashish praised the company’s culture, emphasizing that it’s not about perks but how people are treated when things don’t go as planned.
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 18.56 points up at 22571.9
Zomato shares in focus after launch of AI-backed customer support platform Nugget
Zomato's CEO Deepinder Goyal has introduced Nugget, an AI-supported customer support platform for its food delivery, Blinkit, and Hyperpure segments. Developed over three years, Nugget manages over 15 million interactions monthly and is open to global businesses. Zomato plans to rebrand as Eternal Ltd, consolidating its four main businesses under this new name.
