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BusinessPhoto: Mint Companies

Swiggy's Instamart Losses Hit ₹895 Crore in Q2 Amid Growth Push

Swiggy Ltd reported that its quick-commerce arm Instamart posted adjusted EBITDA losses of ₹895 crore in Q2 FY27, up from ₹849 crore a year earlier. The company expects these losses to have peaked and forecasts a 100 basis points margin improvement in Q3. Swiggy's consolidated net loss narrowed 15.6% to ₹922 crore, while revenue grew 36% to ₹7,571 crore. Instamart's net order value rose 34.8% year-on-year.

Mint Companies·

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WorldPhoto: The Hindu

Over 53% of Mysuru Dasara Travellers Use Digital Ticketing

During the Mysuru Dasara finale on October 21, over 53% of departing passengers at Mysuru Railway Station used digital and self-service ticketing methods. The South Western Railway’s Mysuru division reported that 53.4% of passengers used Automatic Ticket Vending Machines and the UTS mobile app, easing congestion at traditional booking counters as nearly one lakh passengers traveled that day.

The Hindu··Mysuru

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PoliticsPhoto: News18 World

Pakistan, Turkey, Qatar, Indonesia Form 'Badr' Military Pact

Pakistan, Turkey, Qatar, and Indonesia have formed the 'Badr' Defence Pact, a four-nation military and industrial alliance. The pact focuses on integrated defence supply chains, joint weapons manufacturing, and advanced technology collaboration. It combines Turkey's drone and electronics expertise, Pakistan and Indonesia's manufacturing capacity, and Qatar's investment through Barzan Holdings. Key projects include AWACS, radars, drones, missiles, and fighter jets, involving major defence firms like ASELSAN and Pakistan Ordnance Factories.

News18 World·

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BusinessPhoto: Firstpost Business

Piyush Goyal Arrives in Berlin for India-Germany Trade Talks

Union Commerce and Industry Minister Piyush Goyal arrived in Berlin for a two-day visit from October 22-24. He will participate in the Berlin Global Dialogue and hold high-level meetings to strengthen India-Germany trade and investment ties. Discussions will focus on expanding bilateral trade, attracting investments, and cooperation in advanced manufacturing, AI, green mobility, clean technology, renewable energy, and logistics. The visit also explores opportunities from the India-EU free trade agreement.

Firstpost Business··Berlin

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SportsPhoto: Hindu Sport

Sports Council Refers LaLiga's Tebas to Tribunal Over Real Madrid Comments

The Spanish National Sports Council (CSD) has referred LaLiga president Javier Tebas to the sports tribunal following his comparison of Real Madrid's communication strategy to Nazi propaganda. Tebas clarified he was not equating the club or its fans with the Nazi Party but criticized their propaganda techniques. The tribunal will determine if his remarks violated rules on sporting dignity and decorum.

Hindu Sport·

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EntertainmentPhoto: TOI Entertainment

Suriya Reveals Naslen’s First Look as Eswaran in 'Scene'

Suriya's upcoming Tamil film 'Scene' introduces Malayalam actor Naslen in his Tamil debut as Eswaran. The cast includes Nazriya Nazim as Maya and Suriya as DSP Inbaraj. Directed by Jithu Madhavan, the film is set to release on November 6, 2026, with a talented team handling music, cinematography, and editing.

TOI Entertainment·

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