Tuesday, September 08
India’s food delivery and quick commerce (QC) sectors are entering another phase of heightened competition after a brief period of rationalization, as leading players ramp up promotional campaigns and spending to capture market share. However, unlike the intense cash burn witnessed in late FY25, the current cycle is expected to be more measured, supported by operating leverage and improving unit economics.Over the past two quarters, profitability in both food delivery (FD) and QC segments improved amid slower dark-store expansion and disciplined discounting. That trend, however, appears to be reversing. With fresh capital infusions and renewed marketing pushes—including nationwide “no-fee” campaigns and brand refresh initiatives—industry competition is expected to intensify once
Rejecting industrialist Anil Ambani's request for a virtual appearance in an ongoing FEMA investigation, the Enforcement Directorate (ED) has issued fresh summons asking him to appear before the agency on Monday.Earlier in the day, Ambani's spokesperson said the industrialist had asked the federal agency to allow him to join the proceedings via "virtual means". The ED had called him for questioning on Friday, but he did not appear.The spokesperson added that Ambani has written to the agency assuring "full co-operation" in the Foreign Exchange Management Act (FEMA) probe.The investigation centres on the Jaipur-Reengus Highway Project, where authorities suspect about ₹100 crore was transferred overseas through illegal channels.According to Ambani's spokesperson, the FEMA case dates back to
Indian travellers visiting Malaysia will soon be able to pay local merchants directly through their usual UPI apps, following a partnership between Razorpay’s Malaysian entity, Curlec, and NPCI International Payments Limited (NIPL). The agreement, finalised at the Global Fintech Fest 2025, enables instant transactions in Malaysian Ringgit without the need for international cards. The introduction UPI payments mark a significant step in expanding India’s digital payment infrastructure abroad. For Malaysian merchants, Razorpay Curlec will provide local settlement in Ringgit through its platform, allowing businesses to accept UPI payments without additional integrations.The collaboration aims to make cross-border payments simpler for Indian visitors and strengthen digital connectivity bet
Nifty's latest addition, Max Healthcare Institute, on Friday reported a 74% year-on-year growth in its September quarter consolidated net profit at Rs 491 crore, compared to Rs 282 crore posted in the year-ago period. The company's revenue from operations in the quarter under review stood at Rs 2,135 crore, up 25% over Rs 1,707 crore in the corresponding quarter of the last financial year.The company's profit after tax (PAT) jumped 60% on a sequential basis compared to Rs 308 crore reported in Q1FY26. Meanwhile, the topline grew 5.3% on a quarter-on-quarter basis versus Rs 2,028 crore in the April-June quarter of FY26.For the quarter ended September 30, 2025, the network gross revenue was at Rs 2,692 crore, reflecting a growth of 21% YoY and +5% QoQ. YoY growth was mainly driven by increas
When Leader of Opposition and Congress leader Rahul Gandhi first unveiled his “hydrogen bomb”, accusing the Election Commission and the BJP of orchestrating large-scale vote theft (25 lakh “fake” votes) in Haryana alone, it was pitched as a game-changer as it came right ahead of the voting day in Bihar. He described it not just as election malpractice, but “vote chori” that constituted a moral attack on democracy. To give the campaign further momentum, he launched a half-month “Voter Adhikar Yatra” across Bihar, declaring it a fight to save the Constitution itself. But as vote-counting trends emerged on Friday, the results displayed a stark fact. The “hydrogen bomb” had failed to detonate in Bihar.The decline of Congress in BiharThe Congress party is experiencing one of
