Eternal, the parent company of Zomato and Blinkit, on Monday reported a sharp 90% year-on-year decline in consolidated net profit for Q1FY26 at Rs 25 crore, down from Rs 253 crore in the same quarter last year.Revenue from operations, however, soared 70% to Rs 7,167 crore compared to Rs 4,206 crore in Q1FY25, according to…
Government is likely to support Chinese investments in the electronics sector if they involve joint ventures with Indian companies and include technology transfer, rather than just setting up assembly units, according to officials.This approach aims to strengthen domestic capabilities while ensuring greater value addition and knowledge sharing within the country.Officials told ET that the ministry…
Mukesh Ambani-owned Reliance Industries has opted to grow independently in India’s fast-growing quick commerce market, saying that acquisition does not make sense based on their cost structures.The company said it will grow on its own, citing integration challenges and a strong customer base.“We do not want to leave any pocket where we are not competitive….
Top stocks to buy (AI image) Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, Dalmia Bharat, and Godrej Properties Ltd are the top stock picks for this week. Here’s his view on Nifty, Bank Nifty for the week starting July 21, 2025, and the top stock picks with…
The Fastag system faces challenges with inadequate bank-based customer support. Fastag may be used for toll payments pan India but its adoption for wider use cases still remains severely limited. The electronic toll collection system has shown negligible growth in the last fiscal year. The system’s growth, including transaction volumes and participating banks, has remained…
Jane Street Capital has placed roughly Rs 4843.50 crore into an escrow account. (AI image) Jane Street ban lifted: The Securities and Exchange Board of India (SEBI) has reportedly allowed US-based trading firm Jane Street to resume its operations in Indian stock markets after the firm deposited $567 million.The Indian market regulator has not issued…
Early earnings trends for the June quarter showed sluggish revenue and profit growth, excluding a one-time gain reported by Reliance Industries (RIL).According to an ET report, growth momentum has slowed to its lowest in at least nine quarters, largely due to muted performance from key sectors like banking, finance, FMCG, and IT.Among 186 companies that…
The exact impact of the benching policy on the TCS workforce remains uncertain. Tata Consultancy Services (TCS) employees are worried about layoffs as the first round of the new benching policy at India’s largest IT services giant ends. Several TCS employees appear to be taking to social media platforms like Reddit to express their concerns…
Gold price prediction: This week’s key triggers include US durable goods orders, manufacturing and services PMIs, China’s loan prime rate decision, and Fed Chair Powell’s speech. (AI image) Gold price prediction today: Gold prices are expected to remain steady as global economic events continue to shape the yellow metal’s price outlook. Manav Modi, Senior Analyst,…
Market analysts anticipate continued consolidation amidst global trade uncertainties and lacklustre Q1FY26 earnings reports. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Monday. While Nifty50 was near 24,950, BSE Sensex was down around 50 points. At 9:20 AM, Nifty50 was trading at 24,950.20, down…
