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Rishad Premji says order bookings and large deals offer comfort, but client ramp-up delays and cost pressures continue to weigh on near-term growth.
Eternal Limited, formerly known as Zomato, reported strong growth in revenue and profit for the third quarter of FY26. The performance was mainly driven by the rapid expansion of its inventory-led quick commerce business Blinkit and a change in revenue recognition after moving to an inventory ownership model. The Gurugram-based foodtech and quick commerce company reported a consolidated net profit of Rs 102 crore for Q3 FY26, compared with Rs 59 crore in the same quarter last year. This represents a year-on-year increase of about 73%. Revenue from operations rose sharply to Rs 16,315 crore in Q3 FY26 from Rs 5,405 crore in Q3 FY25, an increase of around 202% year-on-year. On a quarter-on-quarter basis, revenue increased 20% from Rs 13,590 crore in Q2 FY26. The company said the sharp rise in reported revenue was largely due to its shift to inventory ownership in quick commerce. Under this model, revenue now includes the full value of goods sold instead of only marketplace commissions...
Major Wall Street banks are pushing back on some of President Donald Trump's ideas for lowering the U.S. cost of living ahead of mid-term elections, while suggesting others in an effort to shape policy, sources familiar with the discussions said.
The infrastructure to develop and power generative artificial intelligence models will require further "trillions" of dollars in investment, the head of top AI chipmaker Nvidia said Wednesday.
Netflix's co-CEOs found themselves in an unusual position after the company's latest earnings report: on the backfoot. The streaming pioneer's decision to plunk down nearly $83 billion on Warner Bros' assets marks a significant departure from the company's long-standing mantra: build, don't buy.
JPMorgan Chase CEO Jamie Dimon warned on Wednesday that a proposal to cap credit card interest rates would amount to economic disaster, while U.S. President Donald Trump doubled down on the idea and said he was asking Congress to approve the move.
Manny Maceda of Bain & Company says CEOs must adapt to fragmented global markets, AI-driven transformation, and India’s rise as a key growth hub for technology, consumer, and financial sectors.
Real estate consultant Anarock on Wednesday said that at least 126 land deals totalling 3,772 acres were closed last year for the development of housing, commercial, mixed-use, warehousing and data centre projects.
U.S. construction spending increased more than expected in October, likely reflecting home renovations, with activity elsewhere weak.
Indian markets stayed volatile as global risks, weak banking and IT earnings, and a falling rupee hurt sentiment. Late value buying trimmed losses, while analysts warned volatility may persist, with selective accumulation opportunities emerging amid resilient domestic demand ahead soon.
Honeywell is reshaping its strategy around automation, data and physical AI, with CEO Vimal Kapur highlighting productivity gains, cautious capital allocation and limited tariff impact at Davos 2026.
BNP Paribas sold 60 lakh RBL Bank shares via a bulk deal, reducing its stake, while BofA Securities bought in. The transaction came amid recent stock weakness, despite strong one-year returns, improved asset quality, and robust profit growth.
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