Flipkart Enters Food Delivery at 10-11% Commission
Flipkart will launch a food delivery pilot in Bengaluru by mid-August, charging restaurants a 10-11% commission compared to the 25-35% levied by Swiggy and Zomato. The move targets growing restaurant discontent with incumbent platforms and aims to drive daily engagement across Flipkart's 500 million registered users.
Maruti, Bajaj Finance, Sun Pharma Q1 Results Today
More than 20 major Indian companies including Maruti Suzuki, Sun Pharma, Bajaj Finserv, ITC, and Bajaj Finance report April-June 2026 quarter results on July 31. The results span autos, financials, pharma, energy, and logistics, offering a broad read on domestic demand and earnings momentum.
Bajaj Finance, M&M, Swiggy Among Q1 Results Today
Bajaj Finance, M&M, Tata Steel, Swiggy, Hyundai Motor India, NSDL, Vedanta, Torrent Pharma, IRFC, and Gillette India all report Q1 FY27 results on July 30. The results will shape near-term sentiment across NBFCs, autos, steel, consumer goods, and listed tech platforms.
Swiggy Stock Drops 7%, Foreign Ownership Cap Risks Index Exit
Swiggy shares fell more than 7% on July 24, 2026, nearing a record low after the company proposed capping foreign ownership at 49.5%. The move risks triggering passive fund outflows and possible removal from global indices, compounding a 41% decline over the past year.
Swiggy Foreign Stake Falls Below 50% in IOCC Bid
Swiggy's foreign shareholding fell to 49.76% after foreign investors sold shares post its November 2024 IPO, crossing a key threshold in its bid to qualify as an Indian Owned and Controlled Company. IOCC status would let its quick commerce arm Instamart hold inventory directly, potentially improving margins.
SBI, Titan, Swiggy Among Major Q4 Reporters Today
SBI, Bank of Baroda, Titan, Swiggy, Dabur, Lupin, MRF, and around a dozen other companies report Q4 FY2026 earnings on May 8. Results span banking, consumer goods, pharma, and new-economy platforms, offering a broad read on corporate India's health this earnings season.