Market News
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Zepto shares crash 30% in unlisted market despite Sebi nod for IPO. What's cooking?
Zepto’s unlisted shares have dropped sharply despite Sebi approval for its IPO, signalling investor caution in a volatile market. The decline reflects broader weakness in pre-IPO valuations, macro uncertainty and funding pressures, even as the quick commerce firm prepares for a high-profile public issue amid intense competition.
Asian Paints flags West Asia war as demand risk despite strong FY26 earnings
Asian Paints posted revenue and profit ahead of Street estimates in FY26, driven by cost efficiencies and price hikes. But the West Asia war, sticky input costs, and intense competition cloud the near-term demand outlook.
Flights Impacted! IndiGo, Akasa Air, Delhi Airport Issue Advisory As Heavy Rains Disrupt Operations
The weather disruption comes after days of intense heat.
Swiggy CEO Sriharsha Majety vows to stay out of Amazon-Ambani spending war
Swiggy is prioritizing profitability over rapid expansion. The company will not match rivals like Flipkart and Reliance Retail's aggressive delivery speed and discount strategies. Swiggy's CEO believes this approach will retain loyal customers. This decision comes amid intense competition in India's fast-growing quick commerce sector. Investors are seeking a clear path to profitability for Swiggy's Instamart unit.
Dish TV FY26 loss widens as subscription revenue shrinks amid OTT pressure
Dish TV India faced a significant financial setback in FY26, reporting a wider consolidated loss. Subscription revenue saw a sharp decline due to intense competition from OTT platforms and changing viewer habits. The company's operating revenue and EBITDA also slipped.
Xiaomi short bets hit record as memory costs, EV rivalry weigh on shares
Short sellers raised bearish bets on Xiaomi to a record before earnings, as rising memory costs and intense EV competition in China increased concerns over profit and revenue growth.
"Feels like COVID lockdown": Intense heatwave leaves Khajuraho's UNESCO temples, roads deserted; businesses shut
Khajuraho experiences a severe heatwave. Temperatures are soaring to nearly 47 degrees Celsius. Normal life and tourism have come to a standstill. Streets are deserted. Businesses are shut. The situation resembles a lockdown. Authorities are providing water and shaded areas. Heatwave conditions are expected to continue for another week across many parts of India.
India’s peak power demand hits 271 GW, breaks record for fourth straight day
India's peak power demand neared 271 GW on Thursday, a significant increase driven by intense heat. This marks the fourth consecutive day of record demand. Thermal power met over 62% of the need, with coal supplies monitored. The ministry is assessing trends for future projections. Peak demand in solar hours has been met without issues this week.
SpaceX IPO: The Five Future Businesses Elon Musk Is Betting Billions On
The company admits that predicting the timing, scale, and commercial viability of these sectors is nearly impossible. Even the Earth-bound ideas face intense friction.
Delhi Reels Under Severe Heatwave As Mercury Crosses 45C, IMD Issues Orange Alert
According to IMD, dry winds and intense sunlight pushed temperatures above the 45C mark
Delhi's Power Demand Hits New Record As Mercury Shoots Past 45 Degrees Celsius
Intense heatwavescaused a substantial increase in the use of cooling devices.
Heatwave Alert: Delhi Temperature May Hit 44°C As IMD Warns Of Intense North India Heat
The IMD has warned of a severe heatwave across Delhi and North India, with temperatures likely to reach 44°C. Strong dry winds and extreme heat may increase health risks, prompting officials to issue safety advisories.