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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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Oil Surges Above $90 as West Asia Tensions Hit Indian Stocks and Rupee
Crude oil prices moved back above $90 a barrel on Monday as renewed US-Iran tensions raised concerns over energy supplies. The oil spike put pressure on Indian equities and the rupee, reviving concerns over inflation, import costs and market volatility. Brent crude crosses $90 as US-Iran tensions escalate Brent crude…
GIVA Pulls Raksha Bandhan Ad After Backlash and Brand Debate
GIVA has withdrawn its Raksha Bandhan advertisement featuring Kriti Sanon after the campaign triggered intense social media criticism over its styling and portrayal of the festival. The controversy has now raised wider questions about cultural sensitivity, celebrity advertising and festive brand campaigns. GIVA withdraws Raksha Bandhan campaign after backlash GIVA's…
JSW and SAIC Discuss Fresh Capital for MG Motor Growth
JSW Group and China’s SAIC Motor are discussing another round of capital support for JSW MG Motor India as the automaker prepares for its next growth phase. The company is expanding manufacturing capacity, localising components and adding new electric and hybrid models. JSW and SAIC weigh another capital infusion JSW…
OpenAI Data Centre Chief Chris Malone Exits Amid AI Infrastructure Race
OpenAI has lost its head of data centres, Chris Malone, as the company races to secure the computing capacity needed for its next phase of AI growth. His departure comes after an infrastructure reorganisation and amid a broader series of senior leadership changes at OpenAI. Chris Malone leaves OpenAI after…
US-Iran Sanctions Push Oil Lower as Supply Fears Ease
US-Iran sanctions are putting fresh pressure on Tehran, but oil prices are moving lower as traders judge that the latest measures may not significantly reduce global crude supplies. Brent crude fell below $90 as Iran-Oman talks revived hopes for a temporary Hormuz shipping corridor. The topic is time-sensitive news. Current…
Japanese Financial Institutions Seek Easier Access to India’s Capital Markets
Japanese financial institutions are seeking simpler capital flows, easier profit repatriation and greater regulatory predictability as India steps up efforts to attract long-term foreign investment. The concerns emerged during Commerce Minister Piyush Goyal’s meetings with major Japanese financial and investment institutions in Tokyo. Japanese investors flag currency and policy concerns…