Since 2012
India’s food delivery and quick commerce sectors face cost adjustments due to new gig worker regulations. Analysts anticipate a modest financial impact, unlikely to derail long-term investment theses for major platforms like Zomato and Swiggy. Companies have largely prepared for these changes, with costs potentially shared across customers, restaurants, and operational efficiencies.
Source link
Mangal Electrical Industries’ shareholder lock-in is expected to end soon. This could see nearly ten lakh shares become available for trading. The company manufactures components for transformers. Its shares have seen a decline since its market debut. Anchor investors include Abakkus Diversified Alpha Fund and Societe Generale. The company reported a profit fall in its September quarter results. Source link
Maoist encounter: A.P. police gain national acclaim Source link
US equity futures climbed as optimism for Federal Reserve rate cuts grew, boosted by reports of potential Nvidia AI chip sales to China. Bitcoin saw a slight dip after a weekend rally, while oil prices extended their slump. Markets remain cautious despite improved risk sentiment due to recent volatility. Source link