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BusinessPhoto: ET TechSwiggy plans to transition into an Indian-owned entity by the third quarter of fiscal year 2027. This change is expected to increase Instamart’s contribution margin by about 80 basis points. The Bengaluru-based company will gain better control over product assortment, pricing, availability, and daily operations after the transition is fully implemented.
ET Tech··Bengaluru
BusinessPhoto: Mint MarketsApple Inc.'s stock has risen 28% in 2026, becoming the largest contributor to the S&P 500's 12% gain. Unlike AI-focused tech giants such as Microsoft and Amazon, Apple avoids heavy AI infrastructure spending, focusing instead on consumer products like its new foldable iPhone Duo. This strategy has made Apple a preferred, less risky choice for investors amid AI market volatility.
Mint Markets·
BusinessPhoto: ET MarketsUS mortgage rates declined for the first time since late August, with the average 30-year fixed rate dropping from 7.40% to 7.32%, according to Freddie Mac. This decrease provides some relief to homebuyers, although borrowing costs remain high, continuing to impact US home sales and demand negatively.
ET Markets·
TechnologyPhoto: Business StandardIndian digital trust provider eMudhra announced it will voluntarily exit the global SSL/TLS certificate market after vulnerabilities were found in its digital certificates. Major browsers like Google, Mozilla, Apple, and Microsoft blocked eMudhra certificates, raising cybersecurity concerns. The flaws were discovered by an independent researcher, and India's Computer Emergency Response Team issued an advisory on compromised intermediate certificates.
Business Standard·
SportsPhoto: Amar UjalaCISF Director General Praveer Ranjan honored players who won 169 medals, including Asian Games gold medalist Ritu, at a ceremony in New Delhi. CISF athletes secured 64 gold, 46 silver, and 59 bronze medals across five All India Police Clusters. Around 212 players and 19 coaches attended. Ritu, part of the Indian women's kabaddi team, received ₹200,000, while four other Asian Games participants got ₹50,000 each.
Amar Ujala··New Delhi
PoliticsPhoto: Hindu WorldAung San Suu Kyi, Myanmar's detained former leader, spoke by phone with her son Kim Aris for the first time in over five years. The 20-minute consular call took place on October 22, 2026, with Aris at Myanmar's embassy in London. Suu Kyi, aged 81, is under house arrest in Naypyidaw and reportedly sounded "fairly healthy," her son said.
Hindu World··Naypyidaw
ET Tech··Bengaluru
Photo: ET TechSwiggy plans to transition into an Indian-owned entity by the third quarter of fiscal year 2027. This change is expected to increase Instamart’s contribution margin by about 80 basis points. The Bengaluru-based company will gain better control over product assortment, pricing, availability, and daily operations after the transition is fully implemented.
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