Swiggy Falls 5% As Brokerages Flag Quick Commerce Challenges

Source: inc42

Swiggy Falls 5% As Brokerages Flag Quick Commerce Challenges

Business

Swiggy's shares fell over 5% following Q1 FY27 results, as investors weighed continued losses against growth. The company reported a 34% decline in net loss to ₹791 crore and a 37% revenue increase to ₹6,812 crore. While food delivery remained profitable, Instamart achieved contribution margin breakeven. However, brokerage views remain mixed regarding the long-term profitability of the quick commerce segment amid intense market competition.

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Bluesky blocks links to leaked DHS employee data as government seeks takedowns

Startups

Bluesky is blocking access to a nonprofit's website hosting over 40,000 leaked U.S. Department of Homeland Security employee records. A hacker obtained names and contact information, which DDoSecrets then published. Bluesky cited community guideline violations for marking links as "malicious." DHS confirmed awareness of the breach and is addressing it, while also issuing takedown notices that led to a search site hosting the sensitive.

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Amazon updates Alexa to help you manage shopping lists, subscriptions, and update delivery instructions

Startups

Amazon has introduced over 100 new shopping capabilities for Alexa ahead of the holiday season. Users can now manage subscriptions, create and edit shopping lists, update delivery instructions, resolve payment issues, and inquire about Prime and Audible subscriptions. This significant update aims to streamline the shopping experience, building on Amazon's recent AI-centric feature launches. Alexa.

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One Planet Partners ties up with Japan's Sumitomo Mitsui Trust Bank to launch Rs 3,000 cr fund

Startups

One Planet Partners is an investor in Yulu One Planet will invest in high growth companies across the sectors of energy, mobility and manufacturing One Planet Partners, an India-focused private equity firm, has announced a partnership with Japan's Sumitomo Mitsui Trust Bank (SMTB), and the launc.

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Shadowfax Q2 Profit Zooms Over 5X YoY To ₹68 Cr, Revenue Crosses ₹1,500 Cr

Business

Shadowfax reported a significant increase in its Q2 FY27 financial performance, with consolidated net profit jumping 421.9% year-on-year to ₹68 crore from ₹13 crore. Operating revenue rose 56.6% to ₹1,537.7 crore, while total income reached ₹1,558.1 crore. Despite a 53% increase in total expenses to ₹1,490.2 crore, the company's revenue growth outpaced spending, resulting in improved margins and a sequential profit rise of 3.9%.

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Pine Labs Q2 Profit Jumps Over 6X YoY To ₹38.6 Cr, Revenue Rises 24%

Business

Pine Labs reported a robust financial performance in Q2 FY27, with net profit soaring over 6X year-on-year to ₹38.6 Cr. Operating revenue increased 24% to ₹806.2 Cr, while total income also rose 24% to ₹831.7 Cr. Total expenses grew by 16% to ₹770.4 Cr, demonstrating significant profit growth that outpaced revenue expansion for the fintech company.

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Meesho’s Q2 Report Card, Info Edge CEO Quits & More

Business

Meesho narrowed its Q2 FY27 losses by 68% as revenue grew 34%, though new ventures remain costly. Info Edge reported an 87% profit surge as CEO Hitesh Oberoi prepares to step down. Astrotalk’s FY26 profit jumped tenfold to ₹222 crore. Additionally, Cognizant is considering a stake in AI firm Sarvam, while CarTrade and Moms Home reported growth, and Firi leverages AI for beauty curation in India.

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Apple’s touchscreen MacBook Pro pushes laptop pricing to a new extreme

Startups

Apple has launched its first touchscreen MacBook Pro, with prices starting at $2,899 and reaching $14,549 for fully upgraded models. These high-end versions feature the M5 Max chip, up to 128GB of memory, and 16TB of storage. This release marks a major design shift for the company. Preorders for the new laptops begin on October 30, with official availability starting on November 6.

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Google expands AI Search ads globally as core ad growth slows

Startups

Google is expanding AI-powered Search ads to international markets, aiming to boost revenue as core search advertising growth decelerates. Announced during Alphabet's Q3 earnings, the company reported $127.6 billion in revenue, with Search ad growth at 12%. Early results show AI Mode ads have comparable click-through rates. AI features are driving longer, more complex user queries and increased Search engagement, signaling new monetization opportunities for the tech giant.

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Microsoft hits 10 quarters of record- breaking revenue in a row

Startups

Microsoft reported record quarterly revenue of $92.3 billion, a 19% increase, with net income rising 32% to $36.6 billion. Growth was primarily driven by Microsoft Cloud, which earned $63.9 billion, including $33.2 billion from Azure and $10 billion from OpenAI. While Devices and Consumer revenue declined 3%, future commitments rose 73% to $677 billion. To support this growth, capital expenditures reached a record $45.2 billion.

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Wiz’s CTO on PHP2Shell and the coming ‘vulnpocalypse’

Startups

Two critical PHP bugs, affecting 70% of websites, caused widespread scrambling and site outages for patching. Researchers warn this is just the beginning, as AI rapidly uncovers and exploits new vulnerabilities. A podcast discussed the urgent fix efforts, how startups can build secure systems, and the unsustainability of manual patching in an evolving threat landscape.

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AI execs may be too out of touch to build for the general public

Startups

Former Yahoo CEO Marissa Mayer is facing backlash for using her AI app, Dazzle, to describe her daughter and manage family tasks. This trend extends to other tech leaders like Sam Altman and Mark Zuckerberg, who envision AI fulfilling emotional and social needs. While these executives prioritize efficiency, a Pew Research study indicates that half of U.S. adults fear AI will hinder the formation of meaningful human relationships.

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South Korea’s financial industry hit by fresh wave of cyberattacks

Startups

South Korean financial institutions, including Daishin Securities, Mirae Asset, and crypto exchange Bithumb, suffered new cyberattacks. Daishin exposed personal data of nearly 38,500 customers. These incidents, potentially linked to AI-driven hacking, follow previous breaches, prompting South Korea's regulator to demand stronger cybersecurity and plan private sector checks. The attacks highlight growing regional vulnerabilities, with Japan also reporting recent incidents.

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Voice AI in vogue: Nvidia releases new open transcription model

Startups

Nvidia just released a free speech-to-text model that can transcribe up to 40 languages, but it only works on recordings, not live audio, so it’s a big step for meeting and medical transcription tools while still leaving real-time use to rivals like ElevenLabs.

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Info Edge reports steady business growth ahead of leadership transition

Startups

Info Edge reported steady growth for the second quarter ended September 30, 2026, with consolidated revenue rising 12.2% to Rs 903.9 crore and profit after tax jumping 87% to Rs 649.8 crore. Growth was driven by recruitment, property, and matchmaking segments, though education faced headwinds. Additionally, the company announced a leadership transition, with founder Sanjeev Bikhchandani assuming an expanded executive role following Hitesh Oberoi's departure on December 2.

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7 days until TechCrunch Founder Summit: Save up to $100 on your pass before doors open

Startups

In just 7 days, TechCrunch Founder Summit takes over Boston’s SoWa Power Station on November 4. Your chance to save up to $100 on tickets is running out, and the opportunity to learn and connect directly with experienced founders, investors, and startup leaders is almost here.

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How to get corporate gifting right across multiple cities

Startups

Managing large-scale, multi-city Diwali gifting demands meticulous planning for a consistent recipient experience. Businesses must create detailed recipient lists, verify addresses, finalize budgets, and use bulk ordering for efficiency. Consistent packaging ensures brand unity, while strategic personalization adds a thoughtful touch. Crucially, tracking every shipment and planning for diverse delivery locations and timelines are essential to ensure timely arrival and a positive festive experience for all recipients, regardless of their location.

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PhysicsWallah partners with DPIIT to support early-stage ventures

Startups

PhysicsWallah’s School of Startups (PW SoS) signed a two-year MoU with DPIIT to bolster early-stage ventures, particularly in Tier-II, Tier-III cities, and rural areas. This partnership offers training, mentorship, prototype development, incubation, investor access, and seed capital. The initiative aims to empower grassroots innovators, expanding India's startup ecosystem beyond major metros, building on DPIIT's existing support for non-metro startups.

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Astrotalk’s FY26 Profit Jumps 10X To ₹222 Cr, Revenue Zooms 55% YoY

Business

AstroTalk reported an 895% surge in FY26 net profit to ₹222 Cr, with operating revenue climbing 55% to ₹1,823 Cr. Growth was primarily fueled by robust expansion in international markets, which now contribute 34% of revenue, and a quadrupling of its ecommerce business. The online astrology platform diversified beyond consultations, strengthening its global presence and financial position through strategic investments.

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‘Cope harder’: Vaishnaw defends India's iPhone PLI scheme

Startups

"India's iPhone assembly grew to 55 million units in 2025, accounting for a quarter of Apple's global output. While the government highlights the PLI scheme's success through significant tax collections and 12 lakh new mobile manufacturing jobs, critics point to a continued reliance on imported components. The next challenge for India is transitioning from final assembly to building a comprehensive domestic electronics supply chain and research ecosystem.".

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Discord is making its public communities more searchable, and people have concerns

Startups

Discord announced public server conversations will become internet searchable, starting November 16 with server web pages and mid-December for search engine results. Targeting "Discoverable Servers," the move aims to broaden community reach. Administrators control channels, and members can opt out, with no usernames displayed. Private chats are excluded. The initiative faces privacy backlash over exposing discussions and potential AI training, though the feature is off by default in several regions and for teens.

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