ETERNAL Q1 PROFIT

Ahead of Market: 10 things that will decide stock market action on Monday

Indian market closed flat on Friday due to profit booking in consumer and IT sectors, offsetting gains in the auto sector following proposed tax cuts. While domestic investors rotated into mid- and small-cap stocks, U.S. and European markets dipped amid concerns about the pace of economic recovery after a softer-than-expected jobs report.

SpiceJet Q1 Results: Airline slips into red with Rs 234 crore YoY loss, revenue falls 36%

SpiceJet faced a setback in the first quarter of fiscal year 2025. The budget carrier announced a consolidated net loss of Rupees 234 crore. This contrasts with a net profit of Rupees 158 crore in the same period last year. Revenue from operations also declined significantly. It fell by 36 percent year-on-year, reaching Rupees 1,060 crore.

Oyo Q1 FY26 PAT doubles YoY to Rs 200 crore; revenue grows 47% to Rs 2,019 crore

Oyo has reported a profit after tax of over Rs 200 crore in the first quarter of fiscal year 2026, with revenue growing 47% to Rs 2,019 crore. The company's Gross Booking Value surged 144% to Rs 7,227 crore, driven by hotel openings and premiumization.

Smallcap multibagger stock hits 5% upper circuit after Rs 5.5 crore investment by Porinju Veliyath

Fratelli Vineyards shares: Investor Porinju V Veliyath bought 5 lakh shares worth ₹5.5 crore. The move coincides with the GST Council’s shift to a simplified two-slab GST 2.0 structure, which hikes taxes on sin goods to 40%.

Motilal Oswal upgrades Swiggy to ‘buy’ rating, sees 32% upside potential. Should you invest?

Motilal Oswal projects stronger growth for food delivery and quick commerce, upgrading Swiggy to ‘buy’ with a Rs 560 target and maintaining Eternal at Rs 420. Easing competition, GST reforms, and festive demand are expected to drive profitability, boosting investor confidence in the sector.

NTPC shares in focus after Tanda Thermal Power Station Stage-I shutdown

NTPC shares are set to be in focus after the state-run power producer announced the permanent closure of its Tanda Thermal Power Station, Stage I, effective September 1. The facility comprised four units of 110 MW each. The shutdown, approved by the competent authority and communicated to the CEA, aligns with NTPC’s ongoing portfolio optimisation strategy.

Zomato, Swiggy face Rs 180-200 crore GST hit, plan to pass on burden to delivery partners, customers

Zomato and Swiggy are set to face an additional GST burden of Rs 180-200 crore annually following a GST Council clarification. The companies intend to pass on the incremental tax, potentially reducing delivery workers' earnings and possibly introducing a levy for consumers. This development arises amid slowing growth for both firms, impacting their operating profits.

Reliance's Oil-to-Chemicals profit margins largely unaffected by Russian crude: Jefferies

Jefferies reports Reliance Industries' O2C profitability shows minimal dependence on Russian crude due to offsetting logistics costs. The company's O2C profitability is tracking a strong 15 per cent year-on-year growth in the first half of 2026, supported by firm auto fuel margins and European diesel spreads. Reliance maintains compliance with Western sanctions and can adapt to potential Russian crude sanctions.

GST overhaul lifts new-age stocks PB Fintech, Nykaa, FirstCry

The new regime has abolished tax on individual life and health insurance products sold by companies such as LIC, SBI Life Insurance and ICICI Prudential Life Insurance. This move is likely to boost premiums and customer adoption of such products.

Zomato, Swiggy, Blinkit delivery fees to face 18% GST. What it means for investors

India’s food delivery and quick commerce firms face higher costs after the GST Council brought delivery fees under Section 9(5) of the CGST Act, making them liable for 18% GST. Analysts estimate this could raise costs by Rs 2 per Zomato order and Rs 2.6 for Swiggy, pressuring margins as the sector remains a key driver of India’s digital economy.

Small and mid-cap firms lag behind large caps in Q1 earnings show

An ETIG analysis reveals that small and mid-cap firms underperformed large caps in the June quarter, with profit growth hitting multi-quarter lows. Large caps saw improved profit and sales growth, maintaining stable profit margins, while smaller firms experienced declines.

Eternal shares rise 2% as Zomato hikes platform fee to Rs 12 ahead of festive season

Zomato's parent company, Eternal, saw shares rise by 2% after increasing its platform fee to Rs 12, mirroring a similar move by competitor Swiggy ahead of the festive season's expected surge in demand. While Zomato's profits declined YoY, revenue increased. Swiggy's losses doubled due to investments in its Instamart vertical.

Klarna IPO: Swedish fintech giant Klarna’s US stock debut to raise $1.27B at $14B valuation as KLAR enters the buy now, pay later war

Klarna IPO is making global headlines as the Swedish fintech giant prepares for its big US stock debut. Klarna is aiming to raise $1.27 billion and secure a $14 billion valuation, marking one of the most closely watched IPOs of 2025. Known for its buy now, pay later (BNPL) services, Klarna has built a huge user base across 26 countries. This IPO will test not only Klarna’s strength but also the future of the BNPL market as KLAR steps into Wall Street’s spotlight.

JSW Cement Q1 profit before exceptional item & tax at Rs 164.74cr, revenue up 7.8%

JSW Cement Ltd reported a multi-fold increase in its profit before exceptional items and tax of Rs 164.74 crore for the first quarter ended June 2025.

Ahead of Market: 10 things that will decide stock market action on Tuesday

Indian markets rebounded on Monday after three sessions of losses, driven by stronger-than-expected 7.8% GDP growth and relief from a U.S. court ruling on Trump’s tariffs. Analysts highlighted optimism in autos and consumer durables but cautioned on GST and borrowing risks.

Is India's Q1 GDP growth overestimated? The surprise behind the better-than-expected 7.8% number

HSBC India warns that India’s June quarter GDP growth of 7.8% may be overstated due to low deflators, especially in services and manufacturing. Inflation adjustments risk inflating real growth. External pressures like US tariffs and GST revenue impacts pose further challenges. Economists emphasize cautious optimism and stress the need to monitor growth sustainability amid evolving fiscal and global dynamics.

Robust Q1 GDP numbers reflect India's resilience: Economic Affairs Secretary

Ariana Grande’s ‘Eternal Sunshine’ 2026 Tour dates announced — here’s where she’s headed

Ariana Grande is set to hit the stage with her 2026 Eternal Sunshine Tour, marking her first tour in seven years. The announcement came via Instagram following a teaser, the initial schedule with nine North American cities and a five-night London residency, with more dates expected. Since concluding her 2019 Sweetener World Tour, Grande has concentrated on acting and creative projects, including Wicked: For Good and Focker In-Law. Fans can anticipate a mix of songs from Eternal Sunshine alongside her iconic tracks.

Societe Generale buys stake worth Rs 79 crore in RBL Bank via bulk deal

Societe Generale purchased over 31 lakh shares of RBL Bank in bulk deals. The transaction was valued at Rs 79 crore. RBL Bank's shares closed lower amid weak market sentiment. Nifty and Sensex also experienced declines. RBL Bank's recent financial results showed a decrease in net profit.

Sunil Singhania-led Abakkus buys equity worth Rs 64 crore in Edelweiss Financial via block deal

Abakkus Asset Manager, led by Sunil Singhania, bought 64.3 lakh shares of Edelweiss Financial Services worth Rs 64 crore in a block deal from Edelweiss Employees Welfare Trust and Edelweiss Employees Incentives and Welfare Trust

Not just groceries: Blinkit, Zepto & others turn festive bazaars on your phone

Quick commerce platforms in India, including BigBasket, Zepto, and Swiggy Instamart, experienced a surge in sales during Raksha Bandhan and other festivals. These platforms, initially focused on grocery delivery, are expanding into electronics, apparel, and home furnishings, driven by changing consumer shopping patterns.

Crypto futures overtake spot deal; Eternal's tax woes

Indian crypto traders are shifting to futures trading for higher leverage and tax benefits. This and more in today’s ETtech Top 5.

Swiggy shares jump over 5% in intra-day trade; what’s driving the rally?

Swiggy's shares jumped 5.5% following optimistic forecasts for its food delivery and quick commerce sectors. DAM Capital projects a 28% revenue CAGR and profitability by FY28, driven by Instamart's growth. Market share recovery and inclusion in the MSCI Global Standard Index further boosted investor confidence in Swiggy's potential.