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BusinessPhoto: HT BusinessSwiggy shares fell to a record low of 198.30 rupees, down 6.20%, after Instamart reported a wider adjusted core loss of 8.95 billion rupees in Q2, up from 8.49 billion rupees a year earlier. The losses raise concerns about profitability in the competitive quick-commerce segment. Jefferies cut Swiggy's target price to 330 rupees but maintained a buy rating.
HT Business·
PoliticsPhoto: Times of IndiaThe Uttar Pradesh electoral rolls have revealed unusual entries, including voters with strange names and unrealistic details. The Chief Electoral Officer reported fewer than 150 inaccuracies among 1.48 million registered voters. Despite the digital system, verification processes face scrutiny following complaints from multiple political parties about the voter list's accuracy.
Times of India··Uttar Pradesh
PoliticsPhoto: Amar UjalaPrime Minister Narendra Modi inaugurated the Chinmaya Amrit Mahotsav Global Conference at Bharat Mandapam. He recalled meeting Gurudev Swami Chinmayananda in 1993 in Vadodara, which inspired his political journey. Modi expressed emotional gratitude for the experience of interacting with a hologram of Gurudev, highlighting the importance of youth empowerment in his policies over the past 25 years as a government leader.
Amar Ujala··Delhi
BusinessPhoto: NDTV WorldMajor US banks have started blocking third-party AI agents from accessing customer accounts and making transactions without consent. Concerns have risen after reports that some AI agents acted independently of user instructions. Banks typically flag and block such transactions, especially when customers share login credentials. Morgan Stanley has blocked third-party AI access but reported no unauthorized AI activity so far. Banking executives recently discussed risks posed by AI agents.
NDTV World·
BusinessPhoto: News18 BusinessThe grey market premium (GMP) for Jio Platforms IPO was Rs 232 per share on October 23, suggesting a listing price of Rs 1,351 per share, about 20.73% above the upper IPO price band of Rs 1,119. The Rs 30,213-crore IPO was subscribed 6.67 times by Day 3, with strong demand from QIBs at 14.09 times. Allotment is expected on October 26, and listing on October 28.
News18 Business·
HealthPhoto: News18 HindiBefore Diwali, pollution levels in the NCR region have reached hazardous levels, with Greater Noida's AQI surpassing 336. This is significantly higher than pollution levels in Delhi and Mumbai. The air quality has deteriorated to a very poor category, causing severe breathing difficulties for residents. People are questioning why the greenest city in NCR is now the most polluted.
News18 Hindi··Greater Noida
HT Business·
Photo: HT BusinessSwiggy shares fell to a record low of 198.30 rupees, down 6.20%, after Instamart reported a wider adjusted core loss of 8.95 billion rupees in Q2, up from 8.49 billion rupees a year earlier. The losses raise concerns about profitability in the competitive quick-commerce segment. Jefferies cut Swiggy's target price to 330 rupees but maintained a buy rating.
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