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ETERNAL CASH RESERVES
Crude price above $100 could dent India's earnings growth from Q1 FY27, warns Axis SecuritiesIndia's equity markets face a critical juncture as crude oil prices approach $100 per barrel. Axis Securities advises investors to hold pos...
Walmart's Flipkart, Swiggy drop 10-minute delivery claim in IndiaSeveral Indian quick commerce firms, including Flipkart, Swiggy, Zepto, and Blinkit, have stopped advertising "10-minute" grocery delivery ...
Zepto IPO marks a four-year dash from startup to Dalal StreetZepto has filed confidential IPO papers with Sebi and is targeting a public listing in next year in the July–September quarter. The issue c...
Swiggy shareholders approve delivery company's plan to raise Rs 10,000 crore via QIPShareholder nod is an enabling provision for any company’s fundraise plans. Swiggy's current fundraise could be launched as early as this w...
Quick commerce fight intensifies as Swiggy, Zepto eye Rs 15,000-crore public market raiseSwiggy and Zepto are racing to raise large sums as they battle for quick commerce market share spot behind Blinkit. Both face rising cash b...
Tata Electronics hits a wall at Dholera; Blinkit’s fresh fundingHappy Thursday! Tata Electronics ordered a major redesign of its Gujarat semiconductor plant's foundations. This and more in today’s ETtech...
Blinkit gets Rs 600 crore cash boost from parent EternalBlinkit is in the midst of an aggressive dark store scale-up and plans to have 3,000 such micro-warehouses on its network by March 2027. As...
Swiggy's board approves Rs 10,000-crore fundraise via QIPFood and grocery delivery firm Swiggy's board has approved a proposal to raise Rs 10,000 crore through a qualified institutional placement....
Zepto removes handling, surge fees from all orders weeks after recent funding boostFollowing this move, Zepto has positioned itself as the quick commerce platform offering the lowest price. Per experts, as competition inte...
Swiggy board to meet on November 7 to consider Rs 10,000 crore fundraise via QIPSwiggy will hold a board meeting on November 7 to discuss raising Rs 10,000 crore ($1.1 billion) via a qualified institutional placement (Q...
Swiggy mulls up to $1.5 billion fundraise for balance sheet boostWhile discussions with potential investors are still at an early stage, the size of the proposed Swiggy QIP, currently at $1 billion, could...
Eternal vs Swiggy: Which one does HSBC pick as competition intensifies?HSBC reiterates “Buy” on Eternal, raising its target to Rs 390, citing strong scale, margin leadership, and robust cash reserves. Swiggy re...
Quick commerce companies slow dark stores buildout to control cash burnQuick commerce firms are hitting pause on expansion of dark stores to keep cash burn in check. Industry executives said companies are reneg...
Weak credit growth and rate cuts to squeeze profit at HDFC, ICICI banksIndian markets face pressure as the Reserve Bank of India's rate cuts impact margins. Finance Minister Nirmala Sitharaman urges government ...
RBI boost for gold loan fintechs; Blinkit dents Zomato’s profitsHappy Friday! The RBI is formalising the gold loan market, opening doors for fintechs in the space. This and more in today’s ETtech Morning...
- RBI plays by the book
The bank has not taken its eyes off growth.
- Rate cut by RBI looks remote
While eternal optimists in the market may yearn for a cut, lowering the benchmark rate may not be feasible given the state of the local eco...