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Eternal infuses ₹600 cr into qcom arm Blinkit

Business Standard

|

November 27, 2025

Eternal, the parent company of food delivery platform Zomato, has infused ₹600 crore in its quick commerce (qcom) vertical Blinkit, according to a regulatory filing made with the Registrar of Companies.

- UDISHA SRIVASTAV

The cash infusion comes as the platform is looking to expand operations in the competitive qcom market.

Blinkit has set a target to set up 3,000 dark stores by March 2027. Based on the results for the second quarter of 2025-26 (Q2FY26), its dark store count stood at 1,816.

Notably, the recent investment is the third for Blinkit in this calendar year.

MEER VERHALEN VAN Business Standard

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IMF reclassifies India’s FX regime as ‘floating’

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Delivered LPG cost for India may vary significantly from West Asia and US: Crisil

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The new test for what constitutes a permanent establishment — the Indian unit of a multinational company — has major tax implications for businesses. The new principle is ‘control’ rather than physical presence

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Business Standard

Rate-cut hopes lift benchmark indices to near peak levels

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Bharti Airtel promoter entity ICIL sells 34.3 mn shares for ₹7,189 cr

Indian Continent Investment Ltd (ICIL), a Sunil Mittal entity, sold 0.56 per cent stake in Bharti Airtel on Wednesday.ICIL sold 34.3 million shares at ₹2,098 apiece to mop up ₹7,195 crore. Names of the buyers were not disclosed by the stock exchange. The share sale saw demand from marquee domestic and international long-only investors, the company said in a statement.

time to read

1 min

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Business Standard

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Risk being fined $38 bn if CCI levies penalty on global turnover: Apple

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2 mins

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Business Standard

Affordable homes no longer attractive to investors as luxury offers higher returns

Affordable homes, priced under ₹40 lakh per unit, may not be attractive anymore, not just for developers but also for investors, with the segment seeing a 26 per cent price rise over three years since 2022 versus 40 per cent returns from luxury homes priced ₹1.5 crore and above.According to real estate research firm Anarock data, luxury homes in India’s top seven realty markets saw their prices rise from ₹14,530 per square feet (sq ft) in 2022 to ₹20,300/sq ft for the year-to-date period of 2025.

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Non-Nifty 50 companies have recorded a sharp recovery in earnings over the past three quarters, outpacing their Nifty 50 counterparts.

time to read

3 mins

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