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BusinessPhoto: Business Standard

Swiggy Q2 Net Loss Narrows 15.6% to ₹922 Crore, Revenue Up 36%

Swiggy reported a 15.6% year-on-year decline in net loss to ₹922 crore in Q2 FY27, down from ₹1,092 crore the previous year. Revenue rose 36% to ₹7,571 crore compared to ₹5,561 crore a year earlier. Total expenses increased nearly 30% to ₹8,703 crore. Food delivery business achieved highest-ever profits and margins, with gross order value growing 17.7% year-on-year to ₹10,054 crore.

Business Standard··Bengaluru

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BusinessPhoto: Business Standard

SoftBank Market Value Halves Amid AI Investment Concerns

SoftBank Group's market value has halved since its peak in June due to rising borrowing costs and investor worries about the sustainability of its large AI investments. Shares dropped 6.9% on Thursday, reducing its market cap to about $157 billion, now smaller than Hitachi and Recruit Holdings. Global AI spending concerns intensified after CoreWeave Inc.'s bonds showed distress, highlighting financing risks in the sector.

Business Standard·

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PoliticsPhoto: NDTV

S Jaishankar Defends US-Russia Oil Deal at NDTV Summit

Foreign Minister S Jaishankar stated at the NDTV World Summit that the US is protecting its interests with the recent oil deal with Russia, despite criticism from allies. He noted that prolonged sanctions are ineffective as many Western countries continue buying Russian oil. The deal, announced by President Trump on October 9, involves supplying millions of tons of diesel to US and global markets.

NDTV·

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BusinessPhoto: Business Standard

Sunil Kumar appointed ONGC chairman for three-year term from December 2026

The Appointments Committee of the Cabinet has approved Sunil Kumar as the new chairman of Oil and Natural Gas Corporation (ONGC) for three years starting December 7, 2026. Currently executive director, Kumar will be the first to be promoted from this rank to chairman. He replaces Arun Singh and holds degrees in petroleum engineering and business management.

Business Standard·

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SportsPhoto: NDTV Cricket

Kuldeep Yadav and Ravindra Jadeja Share Humorous Social Media Exchange

Indian spinners Kuldeep Yadav and Ravindra Jadeja shared a playful exchange on social media during India's training session ahead of their T20I series against New Zealand. Jadeja teased Kuldeep to take some pressure, to which Kuldeep replied that pressure should be given, not taken. Their light-hearted banter delighted fans online.

NDTV Cricket·

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HealthPhoto: HT Health

Nutritionist Highlights Importance of Fibre Alongside Protein

A nutritionist emphasizes that while protein intake has gained popularity, it should not be considered in isolation. Protein is essential for muscle repair and maintenance, but fibre plays a crucial role in overall nutrition, particularly gut health. Both nutrients offer distinct benefits and should be included together in a balanced diet for optimal wellness.

HT Health·

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