DMart’s shares dropped by 9.3% in early trading today after their Q2 earnings report disappointed investors. Even though profits were up 8% compared to last year, they fell 12% from the previous quarter, leading to downgrades from several brokerages and showing that online grocery competition is heating up.
Things got really ugly during a Durga idol immersion in Bahraich, UP, leaving a 22-year-old man dead and several others injured. Tensions flared up, and police ended up detaining 30 people as chaos unfolded. Chief Minister Yogi Adityanath has promised to crack down on those responsible.
S. Jaishankar, India’s External Affairs Minister, is gearing up to attend the SCO summit in Pakistan, joining other leaders like Chinese Premier Li Qiang and Russian PM Mikhail Mishustin. Although he’ll be at a welcome dinner hosted by PM Shehbaz Sharif, Jaishankar has made it clear there won't be any bilateral talks, underlining the ongoing tensions between India and Pakistan.
Amazon wants to say goodbye to 14,000 manager positions to boost efficiency and save about $3 billion a year. The goal is to cut down on red tape and create a more agile, innovative workspace.
A bone ossification test has confirmed that Dharmaraj Kashyap, who's accused of murdering NCP leader Baba Siddique, is actually an adult, not the minor he claimed to be. The cops are digging into this murder, which is linked to the notorious Lawrence Bishnoi gang, known for targeting Bollywood figures.
An Air India flight from Mumbai to New York had to make a surprise stop in Delhi because of a bomb threat. Luckily, all passengers are safe.
A part of the Delhi Metro's Blue Line, stretching from Yamuna Bank to Vaishali, has officially snagged a carbon-neutral certification. This is a major win for the Delhi Metro Rail Corporation (DMRC), which is all about slashing its carbon footprint and doing its bit for the planet.
Wipro Ltd is all set for a board meeting on October 17 to chat about possibly issuing bonus shares and to drop their second quarter results. This comes right after they reported a nice profit bump, even though revenue took a hit.
The Federation of All India Medical Association (FAIMA) is calling for a nationwide shutdown of elective services starting Monday. They're backing the junior doctors protesting in West Bengal, but emergency services will stay up and running. Junior docs are on a fast, seeking justice for a deceased colleague and tackling other urgent issues.
Indian Overseas Bank (IOB) has rolled out eight new loan centres across India to amp up customer service and speed up loan approvals. Plus, they’ve launched a cool heritage-themed ATM in Chennai, giving a nod to the city's historic vibe.