FSN E COMMERCE VENTURES LTD Q4 RESULTS
Buy, Sell or Hold: Morgan Stanley maintains overweight on Varun Beverages; Nuvama retains hold on Cyient
Morgan Stanley retained its Overweight rating on Varun Beverages with a Rs 557 target, while Nuvama maintained a Hold on Cyient and raised its target to Rs 1,050. Elara Securities retained its Buy rating on Nykaa and increased its target to Rs 475, citing premiumisation, stronger customer quality and growth in online beauty and personal care.
Groww shares fall 3% after Rs 2,500 crore block deal; Ribbit likely seller
Billionbrains Garage Ventures, the parent company of Groww, will be in focus as early investor Ribbit Capital plans to sell a 1.6% stake through a block deal worth Rs 1,914 crore. The shares are being offered at Rs 195 apiece, a 4% discount to the previous close.
ETMarkets Smart Talk | Large caps look better for next 24 months, but hidden gems remain in smallcaps: Divam Sharma
Sharma sees a stronger case for large caps over the next 24 months, particularly given the steep valuation premium commanded by small caps.
Block deal ahead! Ribbit Capital likely to offload 1.6% stake in Groww for Rs 1,914 crore
Groww may see a Rs 1,914 crore block deal as investor Ribbit Capital reportedly plans to sell around 1.6% stake at Rs 195 per share. Groww shares rose 3.33% Tuesday, while strong Q1FY27 earnings showed robust profit and revenue growth.
VCs step up wealthtech bets; Blinkit freezes new launches
Investors are pouring fresh capital into wealthtech startups as demand for financial products grows. This and more in today's ETtech Top 5.
Q1 earnings show resilience, but downside risks still loom. HSBC explains why
Indian companies delivered better-than-expected Q1FY27 earnings, with around 70% of firms meeting or beating HSBC’s estimates. Mid- and small-cap companies led growth, while financials drove earnings upgrades. However, HSBC flagged risks of downgrades in coming quarters as elevated commodity prices persist and the benefits of GST cuts and inventory gains fade.
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Air passenger service prices surge 31.9% in Q1 FY27: Govt data
Service prices showed mixed trends in the first quarter of FY27. Airline and railway service prices saw notable increases during this period. Insurance and telecom services also recorded price hikes, while banking services declined. Securities transaction services experienced a price fall, reversing previous gains. Provisional data from the commerce ministry highlighted these varied movements.
Apollo Tyres shares jump over 6% after UBS upgrades stock to Buy from Neutral. Here’s why
Apollo Tyres shares surged after UBS upgraded the stock to Buy and raised its target price to Rs 590. The brokerage sees earnings recovery potential, supported by improving India and Europe prospects, despite near-term rubber cost pressures. Strong Q1 revenue growth and reduced exceptional losses also supported the positive outlook.
SoftBank plans $6.29 billion corporate bond issuance amid AI fundraising boom
SoftBank is gearing up for a historic bond issuance aimed at securing funding for its robust investments in artificial intelligence. This ambitious seven-year corporate bond aims to raise a staggering one trillion yen from individual investors. With a provisional coupon rate established, this marks SoftBank's largest issuance to date, as companies throughout Asia also ramp up spending to enhance their AI infrastructure. Final terms are anticipated soon.
SoftBank plans $6.29 billion corporate bond issuance amid AI fundraising boom
The issuance is SoftBank's largest ever and nearly twice the size of its previous record - a 600 billion yen offering issued in April 2025.
Festive hiring boom shifts to tier II and III cities as demand surges
Temporary hiring for festivals is now expanding beyond major Indian cities. Tier II and Tier III markets are experiencing faster growth in seasonal employment opportunities. E-commerce and organised retail are driving this significant shift in hiring patterns. Companies are increasingly focusing on these smaller cities for their fulfillment needs.
The Economic Times Startup Awards 2026: Nominees for Startup of the Year and Midas Touch
The 12th edition of The Economic Times Startup Awards (ETSA) is approaching. Our esteemed jury will convene in Bengaluru next week to pick the winners. Today, we revealed the most coveted categories of ETSA: Startup of the Year and Midas Touch, for the best investor.
DMart parent Avenue Supermarts approves Rs 500 crore investment in online grocery arm
Avenue Supermarts, the parent of DMart, has approved an additional investment of up to ₹500 crore in Avenue E-Commerce, which operates DMart Ready, despite widening losses. The online grocery arm’s FY26 revenue rose 17% to ₹4,094 crore, while its loss increased to ₹307 crore. The company is focusing on 11 key cities.
Capitalmind Flexi Cap Fund exits Vedanta and 10 others; adds 9 stocks
Deepak Shenoy-backed Capitalmind Flexi Cap Fund exited 11 stocks, including Vedanta and Vedanta Oil and Gas, and added nine stocks, including Radico Khaitan, in July. The fund also increased exposure to 17 stocks while reducing its stake in two stocks during the month.
Walmart sees Q3 growth hit as Flipkart shifts Big Billion Days sale
Walmart expects Flipkart’s Big Billion Days sales event moving from Q3 to Q4 to weigh about 100 basis points on growth next quarter. The company said India drove growth in Walmart International’s operating income and advertising revenue. Flipkart is also expanding its quick commerce arm, Minutes, which crossed 1,000 dark stores in June.
Walmart shares fall 8% as Q2 results flag risks of rising inventory
Walmart shares fell 8% despite strong second-quarter results, with revenue rising 5.9%, e-commerce sales jumping 23% and operating income increasing 28.8%. Investors focused on tariff refund benefits and a 6.7% increase in global inventory, raising concerns over underlying performance.
Power Finance Corporation and REC shares fall up to 3% after Morgan Stanley downgrade
PFC and REC shares fell on Thursday after Morgan Stanley downgraded both stocks to Equal-Weight and cut their target prices. The brokerage flagged slower loan growth and lowered earnings estimates for FY28 and FY29. The downgrade comes ahead of the proposed PFC-REC merger, with both stocks already under pressure.
Oil India vs ONGC vs OMCs: What JM Financial’s $80 Brent call means for oil stocks
Brent crude may stay near eighty dollars a barrel for twelve months. Analysts favor Oil India and ONGC due to expected earnings growth. Oil India's refinery capacity expansion will drive future output increases. Oil marketing companies face pressure from lower integrated gross margins. Valuation and earnings concerns persist for HPCL, BPCL, and IOCL.
Jefferies cuts target price for Jupiter Wagons, maintains Underperform after Q1 earnings. Here’s why
Jefferies has cut its target price for Jupiter Wagons to Rs 185 from Rs 210 and retained its Underperform rating after weak Q1 earnings. The brokerage lowered FY27E-29E EPS estimates by 6%-20%, citing weaker wagon and wheelset sales, margin pressure and slower execution, while maintaining a positive view on the company’s long-term wheel manufacturing opportunity.
Dabur, Ferns N Petals and four other firms rectify labelling, ad violations after FSSAI notices
Dabur India, Ferns N Petals and four other food businesses have taken corrective action after receiving notices from FSSAI over misleading labels, claims and advertisements. Measures include changing product categorisation, removing claims, revising packaging and marketing material, and correcting chocolate labels, as the regulator steps up industry accountability.
Swiggy expands leadership across businesses as quick commerce competition heats up
Himavant Kurnala has been appointed chief growth and product officer (CGPO) of Instamart, while Nitesh Garg has been appointed the chief technology officer (CTO). Saurav Goyal has been appointed chief operating officer (COO) of food marketplace Swiggy.
India’s next online grocery goldmine lies beyond the traditional routes
The shift in India’s e-commerce market is revealing a growing focus on value-oriented buyers from smaller towns. These consumers favor cost-effectiveness and variety over quick shipping. The expanding Bharat household segment is poised to drive remarkable growth in online grocery sales by 2030, pointing to exciting possibilities for e-commerce ventures beyond urban centers.
Blue Dart sets sights on bigger e-commerce slice with cross-border delivery push
Blue Dart Express plans a new international cross-border ecommerce delivery product. This initiative aims to capture a larger share of India's growing global trade. The company will initially focus on major ecommerce corridors with strong existing trade flows. Regulatory changes, like the removal of a value cap, support this expansion. Blue Dart expects this new venture to become a meaningful contributor within five years.
Honasa Consumer shares jump 4% after record Q1; Jefferies, Emkay forecast strong upside
Honasa Consumer’s shares rose after Q1FY27 PAT surged 116.5% YoY to a record ₹90 crore, while revenue grew 27% to ₹756 crore and EBITDA jumped 141% to ₹110 crore.
ETMarkets Management Talk | SIS bets on healthcare, BFSI, manufacturing for next leg of security growth: Rituraj Sinha
For SIS, this transition is opening up a fresh growth opportunity across sectors such as healthcare, BFSI, manufacturing, logistics, e-commerce and critical infrastructure.
Honasa Consumer Q1 Results: Mamaearth parent posts record profit of Rs 90 crore; revenue up 27% YoY
Honasa Consumer, the parent of Mamaearth, reported a record Rs 90 crore consolidated PAT in Q1FY27, up 116.5% YoY. Revenue rose 27% to Rs 756 crore, while EBITDA surged 141% to Rs 110 crore. Strong growth across focus categories, brands and offline channels supported the company’s performance.
Nykaa shares dip 3% despite multifold jump in Q1 profit; analysts weigh in
Nykaa operator FSN E-Commerce Ventures saw its shares fall despite a strong Q1 FY27 performance. Consolidated net profit more than tripled to Rs 80 crore, while revenue rose 29% YoY to Rs 2,782 crore.
Stocks in news: BSE, PB Fintech, Nykaa, Airtel, and LIC
Markets experienced profit-taking after Monday's rally, with indices closing lower. Investors await the Reserve Bank of India's monetary policy announcement on Wednesday. BSE reported a significant profit increase for the June quarter, driven by revenue growth. Bharti Airtel and Nykaa also announced strong quarterly earnings, showing substantial profit jumps. The government began an offer for sale in LIC for non-retail investors.
Nykaa to acquire 51% stake in skincare brand Aminu for Rs 32 crore
Nykaa said that the brand, which sells products such as serums and sleep oils, operates "in a sizeable high growth segment". "It is among the top premium skincare brands on Nykaa.com in the Rs 1,000-1,900 price range," the company said.
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