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Zomato Swiggy Margins Hit as Discount Wars Return
Zomato and Swiggy face margin pressure as discount wars return, signaling a shift back to aggressive customer acquisition strategies in India’s food delivery market. Rising competition and consumer price sensitivity are forcing both platforms to balance growth with profitability. Zomato and Swiggy face margin pressure as discount wars return at a time when both companies were moving toward profitability. The…
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LSEG Agrees to Acquire Octus for $3.535 Billion in Data Expansion Push
London Stock Exchange Group has agreed to acquire credit intelligence provider Octus for $3.535 billion in cash, strengthening its position in private credit and financial data. The transaction reflects LSEG’s strategy to expand proprietary data offerings as artificial intelligence reshapes financial research and analytics. LSEG Octus Acquisition Targets Private Credit…
Pune MIDC Plant Deaths Case Puts Industrial Safety Under Scrutiny
The Pune MIDC plant deaths case has drawn attention to industrial safety after Schaeffler India CEO and Managing Director Harsha Gopal Kadam was arrested in connection with a fatal carbon dioxide leak at the company's Talegaon facility. Two workers died and three others were affected in the June 9, 2026,…
Eternal Profit Rises 92% as Zomato and Blinkit Expand
Eternal, the parent company of Zomato and Blinkit, reported a 92.3% year-on-year increase in consolidated net profit for the September 2026 quarter. However, rising operating expenses and profit below analyst expectations highlight the challenges facing India's competitive food delivery and quick commerce businesses. Eternal Q2 FY27 Results Show Revenue Growth…
Meta Earnings Put Big Tech’s AI Spending Under Investor Scrutiny
Meta Platforms is set to report its third-quarter 2026 financial results on October 21, with investors closely watching artificial intelligence spending, advertising growth and profit margins. The results could influence market expectations for how quickly Big Tech companies must turn AI investments into measurable financial returns. Meta Q3 Earnings Put…
HDFC Bank Deputy MD Kaizad Bharucha to Exit After Three Decades
HDFC Bank Deputy Managing Director Kaizad Bharucha has decided to step down from the country’s largest private-sector lender, bringing his long association with the institution to a close on December 31, 2026. His departure comes as the bank prepares for a change at the top, with Anup Bagchi set to…
China’s CXMT Advances DRAM Technology, Challenging Global Chipmakers
China’s memory chipmaker ChangXin Memory Technologies (CXMT) is advancing next-generation DRAM technology as it prepares to introduce a denser server-memory design. Its planned 4F² architecture could intensify competition with Samsung Electronics, SK Hynix and Micron, particularly as demand for memory used in artificial intelligence infrastructure continues to grow. CXMT Targets…