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The Latest Breaking News from Eternal

Blinkit to remain undisputed market leader despite Amazon, Flipkart's QC entry, says Anand Rathi, sees 43% upside

Despite concerns over Amazon and Flipkart intensifying competition in India's quick commerce market, Anand Rathi believes Blinkit remains the clear market leader due to its scale, strong customer retention and limited reliance on heavy discounts. The brokerage has reiterated its 'Buy' rating on Eternal with a target price of Rs…

The Economic Times

Amazon’s rapid delivery push triggers $15 billion rout for Eternal, Swiggy

Eternal and Swiggy have pioneered India’s 10-minute delivery space, but rising competition is intensifying pressure. Blinkit and Instamart shares have fallen sharply amid concerns over Amazon and Flipkart expanding into rapid commerce through dark stores. The $11 billion segment is heating up further as Zepto prepares a $1 billion IPO…

The Economic Times

Market wrap: Sensex falls 372 points, Nifty closes below 23,950; Kotak Mahindra Bank drops 3%

Indian markets ended lower as Sensex and Nifty snapped a two-session winning streak, pressured by geopolitical tensions in the Middle East and broad-based selling. While pharma outperformed, auto stocks dragged. Analysts flagged near-term volatility but maintained a constructive outlook for Nifty above key support levels amid mixed global cues.

The Economic Times

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Crude at $65, consumption boom, and the Rupee's new shield: Dinshaw Irani's big market calls

India's economic headwinds are easing, with falling crude oil prices and a stabilizing rupee poised to boost the market. Helios Mutual Fund CEO Dinshaw Irani anticipates oil prices dropping to around $65 per barrel, significantly benefiting India. He favors discretionary consumption, especially digital-first companies targeting younger generations, over FMCG. IT…

The Economic Times

From Rs 4,900 crore to Rs 41,300 crore: How Sanjeev Bikhchandani turned 135 startups into a 743% return machine

Sanjeev Bikhchandani's Info Edge has achieved remarkable capital compounding, deploying Rs 4,900 crore across 135 startups since 2007, now valued at Rs 41,300 crore. Early bets on companies like Zomato and Policybazaar have transformed India's digital landscape. Info Edge's strategic investments in AI and deeptech, even before the global surge,…

The Economic Times

Flipkart extends lead in Indian ecommerce, Myntra widens lead in fashion, says BofA

Flipkart Group solidifies its e-commerce dominance in India, with Myntra leading the online fashion segment, according to a Bank of America Securities report. Despite intense competition, consumer demand remains robust, defying concerns about slowing discretionary spending. The report highlights resilient growth across various internet sectors, including online travel, quick commerce,…

The Economic Times

Flipkart extends lead in Indian e-commerce, Myntra widens lead in fashion, says BofA

The Economic Times

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Don't buy this dip, wait for the next one, says CA Rudramurthy BV

Indian markets show a strong rebound, but expert CA Rudramurthy BV advises caution on fresh buying due to unfavorable risk-reward. He suggests waiting for dips, particularly around 23,800 for Nifty. He strongly advises against investing in IT stocks, deeming them a 'falling knife' despite attractive valuations. However, he highlights NBCC…

The Economic Times

Zepto's market position; TCS' AI verdict at AGM

Zepto pulls ahead of Swiggy Instamart on orders, but heavy burn continues. This and more in today's ETtech Top 5.

The Economic Times

Zepto overtakes Instamart in order count, trails Blinkit in scale and profitability

For the January-March quarter of FY26, Blinkit reported a net order value of Rs 14,386 crore, compared with Zepto’s calculated net order value of Rs 7,591 crore and Instamart’s Rs 5,674 crore, according to data compiled by ET from the DRHP.

The Economic Times

Market wrap: Sensex closes flat, Nifty holds 23,400; Titan, Eternal lead gains

Indian stock markets finished the trading session with minor gains. The Sensex and Nifty saw fluctuations throughout the day before settling higher. India VIX, a measure of market volatility, experienced a notable decline. This indicates a period of relative stability after intraday movements. Investors observed the market's performance as it…

The Economic Times

Oyo readies market debut; IT's comeback rally

Oyo's IPO plans are back on track after securing the regulator's nod. This and more in today's ETtech Top 5.

The Economic Times

Eternal's District ramps up sports push, eyes acquisitions

Eternal's District platform is expanding into India's booming sports market, moving beyond ticketing to venue bookings and brand partnerships. The company is actively seeking acquisitions in sports tech and, last year, launched its 'Play' service for booking sports courts. This move aims to build a comprehensive sports ecosystem, capitalising on…

The Economic Times

Eternal to Minda Corp: Axis Securities picks 15 stocks for June, sees up to 44% upside in top ideas

Axis Securities retained a bullish view on Indian equities and recommended 15 stocks for June across market capitalisations, with potential upside of up to 44%. The brokerage favours banking, telecom and capital goods sectors, while remaining cautious on IT. It expects market corrections to offer opportunities to accumulate quality businesses.

The Economic Times

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The Economic Times

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.

The Economic Times

QSR chains face margin pressure, not demand shock: Karan Taurani on fuel and LPG impact

Rising fuel and LPG prices are impacting India's consumption landscape unevenly. While some sectors like QSR face margin compression due to high LPG dependence, others like alco-bev and retail show divergence based on cost structures and input reliance. Platform businesses are relatively insulated but face risks from restaurant partner struggles…

The Economic Times

ETtech Explainer: How Swiggy’s failed bid to become an Indian firm matters for Instamart

Swiggy's bid to become an Indian-owned-and-controlled company (IOCC) has been delayed after shareholders failed to approve changes to its articles of association. This governance reset was crucial for its Instamart unit to gain inventory flexibility and improve margins, a strategy that benefited rival Eternal.

The Economic Times

Your Swiggy, Zomato orders may get costlier as fuel prices rise

Fuel price hikes may impact food delivery and quick commerce firms Eternal and Swiggy. Elara Capital reports a manageable near-term cost pressure. Gig workers might seek higher payouts. The impact on earnings is expected to stay under control. Companies may share the burden through customer charges, absorption, and delivery partner…

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The Economic Times

Red alert: 15 stocks most vulnerable to FII selling as DIIs refuse to step in

Foreign institutional investors have divested approximately $53 billion from Indian equities since September 2024, leading to significant ownership shifts. Fifteen large-cap stocks, including HDFC Bank and Bharti Airtel, remain highly vulnerable due to dominant FII holdings and a lack of domestic institutional support, despite overall DII market dominance.

The Economic Times

Is your portfolio FII-proof? 7 stocks Jefferies says can defy the $53 billion foreign selloff

Foreign investors have divested $53 billion from Indian equities since late 2024, leading to underperformance against emerging markets. Domestic institutions have stepped in, becoming the dominant force and increasing their shareholding to a record 18.6%, effectively 'domesticating' the market and cushioning FII selling pressure on select stocks.

The Economic Times

Samir Arora-backed Helios Flexi Cap Fund increases stake in Tata Motors, Eternal, Paytm, 8 others in April

Helios Flexi Cap Fund, backed by Samir Arora, boosted its holdings in Tata Motors, Eternal, and Paytm during April. The fund also increased its stake in eight other companies, including Hero MotoCorp and Bharat Electronics. Conversely, exposure was reduced in HDFC Bank, Reliance Industries, and Ather Energy. Titan Company and…

The Economic Times

SoftBank logs $600 million paper loss on India-listed portfolio in March quarter

SoftBank's Indian investments faced a significant downturn in the January-March quarter. Several prominent companies like Swiggy and Ola Electric saw their market value drop. This led to substantial paper losses for SoftBank's Vision Fund. Despite overall gains from other investments, the Indian portfolio's performance highlights recent market challenges. SoftBank has…

The Economic Times

SoftBank logs $600 million paper loss on India-listed portfolio in Jan-Mar

The Independent UK

Why India is asking its super-fast delivery services to slow down

Quick-commerce companies start removing ‘10-minute delivery’ promises after labour ministry raises worker safety concerns

Newslaundry

When privilege pretends to be economics: Why Deepinder Goyal gets it royally wrong

On January 1, 2026, Deepinder Goyal, founder of Eternal – the company behind Zomato and Blinkit – came out all guns blazing on X (formerly Twitter). He said that, “unaffected by calls for strikes,” over 4.5 lakh delivery partners across Zomato and Blinkit delivered more than 75 lakh orders on…

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