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BusinessPhoto: ET Tech

Swiggy Q2 Revenue Rises 36%, Loss Narrows to Rs 922 Crore

Swiggy reported a 36% year-on-year increase in operating revenue to Rs 7,571 crore for Q2 FY27, while its net loss narrowed by 16% to Rs 922 crore from Rs 1,092 crore the previous year. Adjusted EBITDA loss widened to Rs 760 crore. Instamart's gross order value grew 31% to Rs 9,230 crore, with a 33% rise in net order value. The company plans to shift Instamart to an inventory model.

ET Tech··Bengaluru

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BusinessPhoto: ET Markets

Kotak Mahindra Bank Q2 Profit May Rise Up to 32% YoY

Kotak Mahindra Bank is expected to report a year-on-year net profit increase of up to 32% for Q2FY27. Brokerages predict profit after tax growth between 27% and 31.9%, driven by strong net interest income. Loan and deposit growth, along with net interest margins and operating expenses, will be key factors affecting the bank's performance and profitability this quarter.

ET Markets·

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PoliticsPhoto: Firstpost Tech

Rhode Island Sues Meta Over Scam Advertising Tolerance

Rhode Island has filed a lawsuit against Meta, accusing the company of tolerating scam advertisements on its platforms. The complaint demands monetary civil penalties for each violation of state law, restitution for consumers, disgorgement of ill-gotten gains, and a judicial order requiring Meta to address scam ads instead of profiting from them.

Firstpost Tech·

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PoliticsPhoto: News18

Delhi Police Denies Permission for Diljit Dosanjh's October 30 Concert

Delhi Police has denied permission for Punjabi singer Diljit Dosanjh's concert scheduled on October 30 in Delhi, citing security concerns during the festive season. This decision has created uncertainty about the event and sparked a political controversy. The Aam Aadmi Party (AAP) accused the government of targeting Dosanjh because he is from Punjab, questioning the security rationale behind the denial.

News18··Delhi

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TechnologyPhoto: HT Entertainment

China's First AI-Generated Film 'Sanxingdui: Future Past' Faces Poor Pre-Sales

China's first fully AI-generated feature film, 'Sanxingdui: Future Past,' opened in cinemas with over 10,000 screenings scheduled. Despite a $1.5 million production cost, presale revenue was only about $9,700, with total box office expected below $15,000. Bona Film Group CEO Jiang Defu acknowledged the lukewarm reception but highlighted the film's pioneering status in China's tech and film industry.

HT Entertainment·

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BusinessPhoto: NDTV Business

Cyient Shares Rise 9% After Strong Q2 Financial Results

Cyient Ltd. shares surged about 9% after reporting a 16.6% sequential rise in net profit to Rs 121 crore for Q2 fiscal 2027. Revenue increased 7.7% to Rs 2,235 crore, and EBITDA rose 21.6% to Rs 228.3 crore with a margin expansion to 10.21%. The company declared a Rs 12 interim dividend and highlighted growth opportunities in defence, semiconductors, and AI.

NDTV Business·

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