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Eternal revenue soars, profit falls

Mint New Delhi

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October 17, 2025

Eternal Ltd kicked off the second half of the fiscal year riding on the strength of its quick commerce arm Blinkit, which posted its highest growth in 10 quarters even as losses stayed flat.

- Vaeeshnavi Kasthuril & Dhanya

Eternal revenue soars, profit falls

The Gurugram-based food delivery and quick commerce company reported revenue of ₹13,590 crore for the July-September quarter, 2.72 times higher than a year earlier. The number beat analyst expectations—a Bloomberg poll had pegged Eternal’s revenue at ₹8,852 crore.

The company’s net profit fell 63% year-on-year to ₹65 crore, as higher delivery, marketing and fulfilment costs, along with expenses from store expansion and inventory purchases, weighed on its bottom line.

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Mint New Delhi

Mint New Delhi

Venu Srinivasan reappointed for life at Tata Trusts

Tata Trusts has unanimously reappointed Venu Srinivasan as a trustee for life and all eyes are now on the upcoming decision regarding Mehli Mistry’s renewal, amid reported internal divisions within the organisation.

time to read

2 mins

October 22, 2025

Mint New Delhi

Mint New Delhi

Olyv taps Unitus Cap for $20 mn funding

Lightrock-backed personal lending platform Olyv, formerly SmartCoin, has appointed Unitus Capital to raise fresh funds, three people in the know said.

time to read

1 mins

October 22, 2025

Mint New Delhi

Rooftop solar: Can it really lower your electricity costs?

Rooftop solar can significantly reduce electricity bills, especially for high-power consumers

time to read

4 mins

October 22, 2025

Mint New Delhi

Why ICICI grit beats HDFC gloss

The Street reacted differently to the September quarter (Q2FY26) results of India’s top private sector banks, HDFC Bank and ICICI Bank.

time to read

2 mins

October 22, 2025

Mint New Delhi

Mint New Delhi

SC eases tax claim norms for foreign firms

Foreign-owned companies can now be treated as carrying on business in India even without active contracts, a physical office, and employees, the Supreme Court recently ruled, providing clarity for foreign firms with project-based or intermittent operations.

time to read

2 mins

October 22, 2025

Mint New Delhi

Mint New Delhi

Banks foresee smooth transition to expected credit loss model

Large banks like State Bank of India (SBI), HDFC Bank, and Axis Bank, as well as smaller public sector lenders, believe they can easily transition to a new credit loss model proposed by India's central bank, under which the lenders have to recognize stress much earlier than the current norms.

time to read

2 mins

October 22, 2025

Mint New Delhi

Reliance seeks to buy Middle East oil

Reliance Industries Ltd bought Middle Eastern crudes last week and may place more orders, ina sign that Western pressure against Russian flows may be starting to impact its procurement patterns.

time to read

1 min

October 22, 2025

Mint New Delhi

Sanae Takaichi becomes Japan's first female PM

Sanae Takaichi won the parliamentary vote to become Japan's prime minister on Tuesday, making her the first woman to clinch the nation’s top leadership job.

time to read

2 mins

October 22, 2025

Mint New Delhi

'Balanced India-US portfolios fared better'

Saurabh Mukherjea has a simple message for investors in Indian equities: it's time to look beyond. The chief investment officer and co-founder of Marcellus Investment Managers believes that with jobs in India drying up due to the US tariffs, consumption slowdown and tepid corporate earnings, it “will be tough for a market already trading at record-high valuations to move any further”.

time to read

2 mins

October 22, 2025

Mint New Delhi

As Bollywood movies fizzle, microdramas lift Deepavali

On Deepavali in 2007, Shah Rukh Khan's Om Shanti Om and Saawariya, featuring debutants Ranbir Kapoor and Sonam Kapoor, were vying for millions of Indian to watch their movie in cinema halls.

time to read

2 mins

October 22, 2025

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