Business
Swiggy shares jump nearly 3% as company targets Rs 10,000 crore adjusted EBITDA by FY31
Investors cheered Swiggy’s ambitious target to achieve Rs 10,000 crore in Adjusted EBITDA by fiscal year 2031. The growth strategy relies on driving operational efficiency across its core food delivery operations, scaling up its quick-commerce vertical Instamart, and expanding out-of-home dining through Dineout.
Key growth targets for FY31
Outlining its five-year vision, Swiggy stated that it expects to more than triple its consolidated Gross Order Value (GOV) to roughly Rs 2.5 lakh crore by FY31, up from Rs 67,734 crore in FY26. This reflects a compound annual growth rate (CAGR) of over 30% over the five-year period.
Managing Director and Group CEO Sriharsha Majety noted that the five-year profitability goals are backed by solid fundamental growth across India’s food delivery, quick commerce, and dining-out spaces.
The company projects its main food delivery segment to generate Rs 5,000 crore in Adjusted EBITDA by FY31, supported by new affordability programs designed to increase order frequency among users.
Instamart and Dineout roadmap
Swiggy’s quick-commerce arm Instamart is expected to jump 4-to-5 times to Rs 1.5 lakh crore in GOV by FY31 from Rs 28,000 crore in FY26. Serving over 14 million monthly active buyers across more than 130 cities, Instamart is edging closer to EBITDA breakeven as unit economics improve and store density grows.
The out-of-home dining segment, Dineout, is projected to scale its GOV to Rs 20,000–25,000 crore by FY31 while contributing Rs 1,000 crore in Adjusted EBITDA.Swiggy also projects its earnings per share (EPS) to rebound from -Rs 16 in FY26 to Rs 30–33 by FY31. The company remains debt-free with a cash buffer of Rs 14,400 crore.
Swiggy share price performance
Swiggy shares have traded between a 52-week low of Rs 235.85 and a high of Rs 473.00. While the stock has seen consolidation over recent months, the long-term profitability guidance brought fresh buyer interest to the counter.
Business
Why Alphabet Is A Fantastic Value
Why Alphabet Is A Fantastic Value
Business
Wordle Puzzle 1874 Solved for August 6 as Players Tackle Daily Challenge with Fresh Clues
NEW YORK — Millions of players around the world turned to the New York Times Wordle on Thursday seeking the five-letter solution that has become a daily ritual for language enthusiasts and casual gamers alike. Puzzle number 1874, dated August 6, 2026, presented a straightforward yet tricky challenge that centered on a common verb associated with everyday dissatisfaction.
The answer is GRIPE. The word, which means to complain persistently or to express a minor grievance, fits the classic Wordle format of exactly five letters with no repeating characters. It contains two vowels — I and E — and begins with the consonant G while ending with the vowel E.
Wordle, created by software engineer Josh Wardle and later acquired by the New York Times, continues to draw a large global audience years after its initial surge in popularity. Players have six attempts to guess the hidden word, receiving color-coded feedback after each try: green for correct letters in the right position, yellow for correct letters in the wrong position, and gray for letters not present in the solution.
For those who prefer gradual assistance, several layers of hints were available before the full reveal. The word does not start with a vowel. It features five unique letters and zero duplicates. A basic definition describes it as a verb meaning to make a grab toward something or, more commonly in modern usage, to voice a petty complaint. Synonyms include complain, grumble, protest and criticize. One subtle clue pointed to a term often used when someone expresses ongoing annoyance about minor issues.
Players who began with common starting words such as those rich in vowels or frequent consonants found the path clearer once the initial G was identified. Subsequent guesses that tested combinations involving R, I, P and E quickly narrowed the possibilities. The absence of repeated letters eliminated several potential traps that have tripped up solvers in previous puzzles.
The difficulty of puzzle 1874 was generally rated as medium by tracking sites that aggregate player performance. Many solvers reported completing the challenge in three or four attempts once the starting letter became clear. The word’s everyday familiarity helped experienced players, while its relative simplicity offered a confidence boost for those still building streaks.
Wordle remains free to play on the New York Times Games platform and through its mobile applications. The daily reset occurs at midnight local time in each time zone, ensuring a fresh challenge for every region. Archive access allows players to review previous solutions, though the live daily puzzle is the primary draw for most participants.
Beyond the pure entertainment value, the game has become a shared social experience. Players frequently post their results using the distinctive grid of colored squares without revealing the answer itself, allowing friends and followers to compare performance without spoilers. Online communities discuss strategies ranging from optimal starting words to letter-frequency analysis.
For August 6, the combination of a familiar definition and a clean letter set made GRIPE accessible once the first letter locked in. Those who struggled early often benefited from testing common consonant-vowel patterns that appear in English vocabulary. The solution rewarded careful elimination of impossible combinations rather than random guessing.
The New York Times continues to maintain the original rules established at the game’s launch. Hard mode, which requires players to use previously revealed letters in subsequent guesses, remains an optional setting for those seeking greater challenge. Statistics tracking average guesses, win rates and streak lengths are available to registered users.
As the daily series progresses past the 1,800 mark, the puzzles continue to balance accessibility with occasional curveballs involving less common vocabulary or unusual letter placements. Thursday’s entry leaned toward the accessible end of the spectrum, giving many players a satisfying resolution before moving on to other New York Times Games offerings.
Players who solved the puzzle can now turn their attention to the next day’s challenge, which will appear at the usual reset time. For those who prefer to wait, the answer remains available for reference, though the community generally encourages attempting the puzzle unaided first.
The enduring appeal of Wordle lies in its simplicity and the shared daily moment it creates. On August 6, that moment centered on a five-letter expression of complaint that proved both recognizable and solvable for the majority of participants who engaged with the clues or persevered through systematic guessing.
Business
SpaceX's Conference Call Wraps Up. The Stock Is Sliding.
SpaceX's Conference Call Wraps Up. The Stock Is Sliding.
Business
Not a moon crash, but AI sends SpaceX shares spiralling 14% lower on Wall Street. What lies ahead?
Parts of a SpaceX rocket unintentionally crashed into the Moon on Wednesday after drifting off course for nearly a year, media reports said. Astronomers have reportedly identified debris plumes from the impact using telescopes.
“The SpaceX rocket crash into the Moon is probably a good metaphor for the share price performance so far,” CNBC quoted Chris Beauchamp, chief market analyst at investing and trading platform IG, as saying. Shares of the rocket maker plunged nearly 14% to close at around $108 apiece.
Why did SpaceX shares crash?
The development comes after SpaceX released its first quarterly results following a stellar market debut earlier this year. The company reported a 92% year-on-year jump in revenue to $7.8 billion for the April-June quarter. SpaceX said it expects to achieve a $100 billion revenue run rate by December and plans to launch at least 1,000 next-generation V3 Starlink satellites within a year. The company also expects new capital deployments for AI computing to deliver payback in less than a year.
However, SpaceX’s capital expenditure ballooned to more than $18 billion from $2.83 billion a year earlier. The company’s CFO, Bret Johnsen, said he expects capital spending to remain at similar levels for the next couple of quarters. SpaceX sharply increased capital spending on AI, pouring in $15.83 billion in the second quarter, compared with $749 million a year earlier.
Also read | SpaceX plans to turn Starlink into full-fledged mobile service, targets Verizon, AT&T and T-Mobile
“The central question for SpaceX’s first quarter as a public company was whether the machine underneath the story actually works, and on that question Elon Musk and his team delivered a few positives,” Reuters quoted Thomas Monteiro, an analyst at Investing, as saying.
SpaceX share price
After raising $75 billion in the biggest-ever IPO in history, SpaceX began trading at $150 per share in June, marking an 11% premium to its IPO price of $135. After listing, the company’s shares surged more than 50% in just three sessions. The Elon Musk-led company’s shares have now fallen around 28% from the listing price.
However, the stock may see further selling pressure after IPO lockup expiries free up additional shares for trading. As many as 911.5 million shares will become eligible for trading this month, potentially putting more pressure on the stock price, Bloomberg reported.
Also read | What’s next for SpaceX shares? 5 trends investors should watch
(With inputs from agencies)
(Disclaimer: Recommendations, suggestions, views and opinions given by experts are their own. These do not represent the views of The Economic Times)
Business
At Close of Business podcast August 6 2026
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Business
NYT Connections Puzzle 1152 Unlocked for August 6 with Four Distinct Category Groups
NEW YORK — The New York Times Connections puzzle for Thursday, August 6, 2026, challenged players to sort 16 words into four coherent groups of four, testing both vocabulary knowledge and lateral thinking. Puzzle number 1152 featured categories ranging from childhood playthings to famous landmarks and everyday locations defined by specific physical features.
The completed groups are as follows. Yellow, the most straightforward category, consists of classic wooden toys: Alphabet Blocks, Cup-and-Ball, Jacob’s Ladder and Lincoln Logs. These traditional items have entertained children for generations through simple mechanical or construction play.
Green groups places that contain lanes: Bowling Alley, Freeway, Supermarket and Swimming Pool. Each location features designated pathways or lanes used for movement, recreation or organization of space.
Blue gathers iconic Roman landmarks: Colosseum, Pantheon, Spanish Steps and Trevi Fountain. These well-known sites draw millions of visitors annually and represent enduring symbols of the city’s architectural and historical heritage.
Purple collects places with nets: Barclays Center, Fishing Boat, Hockey Rink and Tennis Court. Nets appear in each setting for purposes ranging from sports containment to practical catch mechanisms.
Connections requires players to identify the hidden relationships among the 16 displayed words. Correct groups turn a matching color and lock into place. Players receive four mistakes before the board is revealed in full. The difficulty progression typically moves from the most obvious yellow category to the more obscure purple one.
Hints available before full solutions pointed players toward the themes without naming them outright. One set of clues described the yellow group as child’s play, the green as locations that have tracks, the blue as Italian monuments and the purple as settings involving mesh material. These prompts helped many solvers progress when the initial board appeared disparate.
The yellow group of classic wooden toys proved accessible for players familiar with traditional playthings. Lincoln Logs, in particular, evoke construction sets made of notched wooden pieces. Cup-and-ball and Jacob’s ladder rely on simple physics and dexterity, while alphabet blocks introduce early literacy through physical objects.
The green category required recognition that lanes exist in varied environments. A bowling alley contains the tracks down which balls travel. Freeways feature multiple travel lanes. Supermarkets organize aisles that function as shopping lanes. Swimming pools often mark lanes for competitive or recreational swimming.
Blue demanded knowledge of specific Roman tourist attractions. The Colosseum and Pantheon stand as ancient architectural achievements. The Spanish Steps and Trevi Fountain represent later but equally iconic public spaces that have become essential stops for visitors to the Italian capital.
Purple tested the ability to see the common presence of nets across sports and practical settings. Tennis courts and hockey rinks use nets as part of the playing boundaries or goals. Fishing boats deploy nets as primary tools. Barclays Center, a major arena, incorporates nets in its basketball and other event configurations.
Many players reported that the puzzle felt moderately challenging, with the purple category often requiring the most thought. Red herrings occasionally appeared when words seemed to fit multiple potential themes, a common feature that rewards careful consideration of the strongest overall connections.
Connections forms part of the broader New York Times Games suite that includes Wordle, Spelling Bee and other daily challenges. The game launched as a standalone offering and quickly developed a dedicated following for its emphasis on categorical reasoning rather than pure letter guessing.
Results are typically shared through a grid that indicates the order in which groups were solved and the number of mistakes made, preserving the answers themselves for others still working on the board. Online discussion often centers on which category proved most elusive and which initial groupings led players astray.
For August 6, the mix of nostalgic toys, everyday infrastructure, classical landmarks and net-equipped locations created a balanced board that rewarded both general knowledge and careful observation. Solvers who identified the Roman landmarks early often found the remaining categories easier to isolate.
The puzzle resets daily, offering a new set of 16 words and four fresh categories each morning. Archives allow review of previous solutions, though the live experience remains the primary focus for most participants.
Thursday’s edition of Connections demonstrated the game’s continuing ability to blend accessible themes with just enough obscurity to keep the experience engaging. Players who completed all four groups without exceeding the mistake limit earned a clean board and the satisfaction of having sorted the day’s linguistic puzzle correctly.
Business
creators get access to film and TV clips
Disney and TikTok have agreed a content-sharing deal that will allow creators to use clips from Disney films and television programmes in their videos, the two companies announced on Wednesday.
The agreement covers Disney’s subsidiaries, meaning clips from franchises including Star Wars, Toy Story and the Marvel Cinematic Universe will be available to TikTok creators. Videos made under the scheme will also be shared on Verts, Disney’s short-form video platform.
The programme will pilot in the United States before being rolled out to other countries. According to the companies’ joint announcement, creators who opt in will gain access to assets from hundreds of films and series in Disney’s library. Neither company disclosed the financial terms.
The deal follows the collapse of a $1bn (£745m) agreement between Disney and OpenAI that would have allowed people to use the studio’s characters in AI-generated videos. That arrangement was cancelled in March when OpenAI shut down its AI video generation tool Sora, citing a decision to focus on other parts of its business.
“Today, fans are celebrating our stories in entirely new ways,” said Asad Ayaz, Disney’s chief marketing and brand officer, following the announcement.
“Creators are at the heart of everything we do at TikTok,” said Dawn Yang, TikTok’s global head of entertainment. “Their creativity extends the life of films and shows into conversations that fans discover and share.”
TikTok said its platform saw an average of 6.5 million posts relating to film and TV per day last year. Fans frequently use clips from films and television shows in their videos, but without express permission these are often taken down following copyright claims, making it harder for a wide audience to engage with fan-created content around a big release.
“Disney owns some of the world’s biggest franchises but ownership of attention is shifting towards creators,” social media expert Matt Navarra told BBC News. “Hollywood used to market at fans – now it needs to give fans the raw materials to market with it, and that is quite a profound shift.”
Navarra said TikTok would also benefit from the “credibility of becoming a formal distribution partner to one of Hollywood’s biggest studios”. He added that TikTok’s recommendation algorithm gives it the power to “influence which character or scene or forgotten franchise suddenly becomes very valuable again”.
The two companies said a jointly run programme, the Disney Creator Ambassador Program, would boost some creators’ videos and give them increased visibility, access to exclusive events and career development pathways.
Gareth Sutcliffe of Enders Analysis said: “This is a deal that repositions and recovers Disney in the UGC [user-generated content] space following the content gap left by the sudden collapse of Sora.”
He said the deal was not without risk. “There is an ongoing safety debate around TikTok under European online rules,” he said. “At a minimum, Disney will need to employ significant guardrails to curate the creator content that is selected.”
Online creators and influencers are becoming more important to brands’ marketing strategies. Last year, a report from Oxford Economics said YouTube content creators contributed £2.2bn to the UK economy in 2024 and supported 45,000 jobs.
Disney launched Verts in the US in March, with plans to expand the platform to other countries.
Business
Raleigh’s parent company starts insolvency proceedings
Raleigh was founded in Nottingham in 1887 and at one stage was the biggest bicycle maker in the world, employing about 8,000 people at its peak.
It stopped making bikes in the city decades ago, and in 2024 it vacated its headquarters on Church Street in Eastwood to move to new premises less than a mile away.
Announcing plans to initiate insolvency proceedings, Nilsson said Accell had worked “to restructure [its] operations and finances”.
“Every realistic option for the future of the business has been tirelessly explored, and none have resulted in a solution to continue the group in its current form,” he said.
“Our immediate focus is to support an orderly process, provide clarity wherever possible, and work with the relevant court-appointed administrators to preserve viable activities and employment where circumstances allow.”
Business
Manipal Health shares slide 6% on account of profit booking. What should investors do?
The stock had listed at Rs 655, a premium of nearly 11% over its issue price of Rs 590. The debut was well above grey market expectations, where the stock had indicated a listing gain of only around 1% ahead of its market debut.
Also Read |Manipal Health shares list at 11% premium to beat GMP estimates. What should allotted investors do?
Shivani Nyati, Head of Wealth at Swastika Investmart, said that despite the positive listing, the stock is trading at a premium valuation with limited margin of safety. A major portion of the IPO proceeds will be used to repay acquisition debt, leaving limited funds for future expansion, while the company also remains highly dependent on Karnataka, which contributes nearly 46–60% of its revenue.
She further said that, “Investors who received the allotment can continue to hold the stock, while fresh investors should wait for better entry levels or signs of further debt reduction before buying. Maintain a stop-loss at Rs 620 to protect listing gain.”
The company’s Rs 9,275 crore IPO was subscribed 4.92 times overall. The public issue comprised a fresh issue of 13.56 crore equity shares worth Rs 8,000 crore and an offer for sale of 2.16 crore shares aggregating Rs 1,275.22 crore, taking the total issue size to Rs 9,275.22 crore.
SBI Securities, which has assigned a Subscribing for long term rating, said the company is India’s largest multi specialty healthcare provider by bed capacity and holds leadership positions across key metro cities.It also mentioned Manipal Health’s strong track record of strategic acquisitions, which have helped expand scale, improve operating leverage, widen its geographic presence and strengthen its competitive position.
The company plans to allocate a significant portion of the fresh issue proceeds towards strengthening its financial position.
Around Rs 5,378 crore from the IPO proceeds will be used for debt repayment, helping reduce borrowing costs and improve the balance sheet. Another Rs 574 crore is planned for acquiring a minority stake in its step-down subsidiary, Sahyadri Hospitals. The remaining funds will be utilised for general corporate purposes and supporting future expansion plans.
Over FY26 to FY30, the company plans to add 2,426 beds, including 1,943 through greenfield projects and 483 through brownfield expansion. SBI Securities also expects profitability to improve on the back of the Sahyadri Group integration and lower interest costs following debt repayment using 69% of the IPO proceeds.
Also Read | Manipal Health Enterprises shares list at 11% premium over IPO price on BSE, NSE
Angel One, however, believes the valuation remains stretched. At the upper price band of Rs 590, the issue is valued at a post-issue FY26 P/E of 84.65x, which the brokerage considers expensive. While it acknowledged the company’s strong pan-India hospital network, leadership in key markets and favourable long-term industry prospects, it believes much of the expected growth is already priced in.
As a result, Angel One recommends a Neutral stance for medium- to long-term investors despite the company’s strong fundamentals.
Founded in 2010, Manipal Health Enterprises has emerged as one of India’s leading healthcare providers, with a wide network of multi-speciality hospitals, clinics and diagnostic centres.
The company provides advanced tertiary and quaternary healthcare services across key specialties, including oncology, cardiology, neurology, orthopaedics, organ transplantation and preventive healthcare.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Business
NICE Ltd. 2026 Q2 – Results – Earnings Call Presentation (NASDAQ:NICE) 2026-08-06
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
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