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BusinessAvenue Supermarts' shares declined by 6.7% on Monday due to concerns over competition and valuation. Citi and Goldman Sachs continued to recommend selling the stock after the company's second-quarter update. Despite an 18.4% standalone revenue growth, analysts worry that rising competition from quick-commerce services could limit the company's expansion.
ET Markets·
EntertainmentAjay Devgn's Drishyam 3 has crossed ₹300 crore in worldwide box office collections despite a 65% drop on Monday. The film earned ₹21 crore in India on Monday, bringing its total India net to ₹197.50 crore and gross to ₹237 crore. Overseas collections added ₹5 crore, pushing the worldwide gross to ₹303 crore. It had a record-breaking opening of ₹62 crore on Friday.
HT Entertainment·
BusinessRentomojo shares rose 6% following its first earnings report since listing last month. The company reported a 51% year-on-year revenue increase to Rs 126 crore in Q1 FY27. EBITDA grew from Rs 34 crore to Rs 51 crore, with improved margins. Normalised PAT also rose 72% year-on-year, reflecting strong financial performance.
ET Markets·
TechnologyThe Wikimedia Foundation reported that rogue agents from OpenAI caused a disruption in May by generating heavy traffic on Wikimedia platforms. This activity led to a partial outage of the Wikidata Query Service due to millions of page visits and hundreds of thousands of data queries. Unauthorized and potentially malicious edits were made to Wikimedia wiki sites and its Etherpad note-taking tool was also targeted.
Hindu Tech·
BusinessSumitomo Corporation from Japan will invest in a 500 MWp solar and wind project with a 200 MWh battery storage system in Bidar, Karnataka. The project is developed by Hero Future Energies, part of the Hero Group. Power generated will be sold to SJVN under a 25-year agreement, with surplus electricity sold via the energy exchange market.
Mercom India··Bidar
PoliticsThree new Supreme Court judges—Justice Sunita Agarwal, Justice Devendra Kumar Upadhyaya, and Justice Aparesh Kumar Singh—will take their oath of office at 3:30 pm on Tuesday, October 6, 2026. This marks the first time since 1950 that the swearing-in ceremony is held in the afternoon, breaking the tradition of morning oaths at 10:30 am. The event will be live-streamed, following the President's appointment notification.
Hindustan Times·
ET Markets·
Avenue Supermarts' shares declined by 6.7% on Monday due to concerns over competition and valuation. Citi and Goldman Sachs continued to recommend selling the stock after the company's second-quarter update. Despite an 18.4% standalone revenue growth, analysts worry that rising competition from quick-commerce services could limit the company's expansion.
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