Swiggy cuts Q1 FY27 losses by 34%; Shalini Neelankavil on leading in the AI era

Swiggy's Q1 FY27 net loss narrowed 34% YoY to Rs 791 crore, while revenue grew 37% to Rs 6,812 crore.

Instamart, Swiggy's quick commerce business, saw 53% YoY revenue growth to Rs 1,232 crore, achieved contribution breakeven in May 2026, and expanded to 1,171 dark stores across 131 cities.

Sebi operationalised the GARUDA framework, allowing regular AIF schemes to launch 10 working days after filing the Placement Memorandum with Sebi through a registered merchant banker.

Microsoft reported $90 billion in revenue and $35.8 billion in profit for the quarter, with a fiscal year revenue of $331.8 billion and net income of $133.7 billion.

A University of Duisburg-Essen study of 900 German adults found that problematic internet use is linked to worse emotional wellbeing and neglect of offline activities.