The derivatives business is undergoing a structural reset after major regulatory changes in FY25, with growth now shaped by a lower but more stable participation base, rising market volatility, and an evolving product mix, according to Ishan Bansal, Co-Founder & CFO, Groww in an interview with ET Now.

He noted that FY25 regulatory changes had a significant impact on F&O revenues, which were lower last year compared to the current quarter, largely due to a weaker base and a rebound effect as conditions normalised.

He added that heightened volatility in the current quarter also supported stronger F&O performance. Structurally, however, the penetration of equity derivatives has changed meaningfully, with participation falling from about 18% of customers earlier to nearly 10% now, which he described as the new normal. Going forward, he expects growth to be driven by overall industry expansion, increasing customer numbers, and higher per-user activity, as younger investors gradually move into derivatives alongside equities.

On the recent increase in Securities Transaction Tax (STT), Bansal said the company has not yet seen any significant impact on trading volumes. He observed that while futures may have seen some early pressure, options volumes remain largely unaffected. Given that the change has been in place for only around 15–20 days, he said it is too early for a full assessment, but currently there is no indication of a meaningful impact in the coming quarter or the full year.

Discussing the revenue mix, he said equity derivatives still contribute around 55% of revenues, but this share is expected to gradually decline as newer businesses scale. Products such as margin trading facility (MTF), commodities, and wealth management are growing faster, even though they are currently smaller in size.

He expects F&O’s contribution to eventually fall below 50% as these segments expand, although F&O itself will continue to grow, just at a slower pace relative to others. He also highlighted that wealth and asset management currently contribute only 2–3% of revenue but could rise to around 10% over the medium term, eventually becoming a meaningful contributor to profitability.
On MTF, Bansal said the current book stands at around ₹2,800 crore, which is still a small share of the overall market. He believes the business has the potential to grow closer to the company’s equity cash market share over the next three to four years, implying strong expansion ahead. Commodities and equity derivatives, being relatively newer products, are also expected to scale significantly over the coming years, with a more meaningful contribution visible from FY27 onwards.Explaining the steady-state growth algorithm in a flat market, Bansal said growth is driven by three main factors: continued market share gains, increasing penetration of products across the customer base, and rising activity levels per user in terms of transactions and assets. Even in a stagnant market environment, these factors allow the business to grow steadily, while stronger overall market conditions further amplify growth through higher customer acquisition and activity levels.

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NEW YORK — The New York Times Wordle puzzle for Tuesday, April 21, 2026, delivered a compact challenge with the answer CLUMP, leaving many players scrambling in the final guesses while others celebrated quick solves on the 1,767th edition of the popular daily word game.

Wordle #1767 stumped a fair share of the global audience with its mix of common letters and a slightly tricky vowel placement. The solution, CLUMP, is both a noun describing a dense mass or cluster and a verb meaning to form such a group or walk heavily. According to Webster’s New World College Dictionary, it refers to “a lump; mass,” or “to cause to form clumps.” The word offered a satisfying click for solvers who landed on it within six attempts, especially those who started with strong openers like SLATE or CRANE.

Players who tuned in early Tuesday encountered subtle hints across fan sites and social media. The puzzle began with the letter C and ended with P. It featured one vowel — the U — and no repeated letters. A popular hint circulating online described it as “a messy little bundle” or “a compacted mass,” steering clever guessers toward the correct path without giving away too much.

Many turned to community discussions on Reddit’s r/wordlegame, where users shared their grids and strategies. One player posted a four-guess victory: starting with SUGAR, then BLUNT, PLUME and finally CLUMP. Others needed five or six tries, often testing words like CLOUD, CLIMB or PLUMP before hitting the mark. Hard-mode players, who must use revealed letters in subsequent guesses, found the puzzle moderately challenging but fair.

Wordle’s simple rules continue to draw millions daily. Players have six attempts to guess a five-letter word, with feedback shown in colored tiles: green for correct letter in the correct position, yellow for correct letter in the wrong position, and gray for letters not in the word at all. The game resets at midnight local time, ensuring a fresh puzzle each day.

The April 21 solution followed Monday’s answer, WEAVE, which tested knitting and fabric-related vocabulary. Tuesday’s CLUMP shifted the theme toward something more tangible and everyday — think a clump of grass, a clump of hair or snow clumping on boots during a winter walk. Its versatility as both noun and verb made it a fitting choice for the midweek puzzle.

For those who missed it, spoilers are now safe: the word was CLUMP. If you’re reading this after playing, congratulations to those who solved it in three guesses or fewer — you join an elite group. For the rest, there’s always tomorrow’s puzzle, expected to bring a new five-letter test.

Wordle’s enduring popularity stems from its accessibility and shareable nature. Friends and families compete daily, posting colored grids on X, Instagram and WhatsApp with captions like “Got it in 4!” or “Tough one today.” The game’s minimalist design, created by Josh Wardle and later acquired by The New York Times, avoids ads and distractions, focusing purely on the joy of deduction.

On April 21, 2026, social media buzzed with reactions ranging from relief to playful frustration. Some players admitted starting with words containing multiple vowels and quickly narrowing options once the C and P locked in. Others noted that CLUMP’s uncommon combination — C-L-U-M-P — required careful elimination of common traps like CRAMP or CHUMP.

Strategy experts recommend beginning with words rich in vowels and frequent consonants. Favorites include ADIEU, AUDIO, SLATE, CRANE or TRACE. These openers maximize information from the first guess. On Tuesday, players who tested early C-words gained an edge. Those who included U in their second or third guess often accelerated toward victory.

The New York Times publishes an official review each day, offering deeper insights into the puzzle. For #1767, the review confirmed CLUMP as a solid mid-difficulty word that rewarded logical thinking without relying on obscure vocabulary. No rare letters like Q, X or Z appeared, keeping the puzzle approachable for casual players while still offering a brain workout.

Wordle has spawned numerous variants and spin-offs, including Quordle, Octordle and even geography-themed games, but the original remains the gold standard. Its streak feature encourages daily play, with some dedicated fans boasting hundreds of consecutive wins. On April 21, many extended their streaks successfully, while others saw them snap after an ill-fated guess.

Parents and teachers often praise Wordle for building vocabulary and critical thinking skills in a fun, low-pressure way. Children as young as elementary school enjoy simplified versions, while adults appreciate the quick mental break during busy mornings or lunch hours.

The game’s global reach means players in different time zones tackle the same puzzle at staggered times. For those in earlier zones, hints from late-night solvers can tempt early peeks, though most prefer the pure challenge. On this Tuesday, international communities from Europe to Asia shared their victories as the day progressed.

Looking ahead, Wordle shows no signs of slowing. The New York Times continues to curate a balanced mix of common and occasional trickier words, ensuring variety without alienating the massive player base. Future puzzles are expected to maintain the same engaging format that has made Wordle a cultural phenomenon since its 2021 explosion in popularity.

For anyone still curious about today’s solve path, common progressions included testing S-words first, then shifting to C-starters once initial feedback appeared. Words like CLAMP or CLIMB frequently appeared as near-misses before the correct CLUMP emerged. The M and L placements proved pivotal for many who solved it in four or five attempts.

If CLUMP eluded you today, don’t worry — the beauty of Wordle lies in its daily reset. Tomorrow’s puzzle, #1768, will offer a fresh start and new opportunity to build or extend your streak. In the meantime, players can review past solutions or practice with unlimited modes available on fan sites.

The April 21, 2026, edition reinforced why millions return each day: a perfect blend of simplicity, strategy and satisfaction when those final green tiles lock into place. Whether solved in two guesses or six, landing on CLUMP brought a small moment of triumph for solvers worldwide.

As the sun set on another Wordle Tuesday, players already began speculating about Wednesday’s word. For now, the official answer stands clear: CLUMP. Share your grid, celebrate your score and get ready for the next round — because in the world of Wordle, there’s always another puzzle waiting at midnight.

The game continues to evolve subtly through community feedback, yet its core remains unchanged: one word, six tries, endless fun. On this spring day in 2026, CLUMP joined the ever-growing list of solutions that have entertained, challenged and connected people across continents.

April 21, 2026, would have been the late Queen Elizabeth II’s 100th birthday, and her son, King Charles III, is leading the tributes for her on this special day.

Queen Elizabeth II died on September 8, 2022. She was 96 years old.

King Charles III Leads Tributes for Queen Elizabeth II

According to a report by CNN, King Charles shared a personal message on his mother’s birth anniversary, which has been shared online,

“Her near century was one of remarkable change, and yet, through each passing decade, through every transformation, she remained constant, steadfast and wholly devoted to the people she served,” he said in the video.

The royal family’s social media pages shared a photo of the smiling queen with a simple caption, “Remembering Her Majesty Queen Elizabeth II, 1926 – 2022.”

You can watch King Charles III’s full message below.

Memorial Project for Queen Elizabeth II

To commemorate Queen Elizabeth II, King Charles and Queen Camilla will be showed the final design of a traditional bronze statue of the late queen as part of a memorial project, according to BBC.

The statue, which will be 9.84 feet tall, will be placed in St. James’s Park. It is inspired by the 1955 painting of the late Queen by Pietro Annigoni.

Aside from this bronze statue, a bust of the Queen in her later years is also part of the memorial project. A bronze statue of her husband, the late Prince Philip, Duke of Edinburgh, will likewise be included.

A digital historical archive will also be created as part of the project and will include memories and history of royal events.

Many people believe that starting a business always requires money. While having capital can certainly help, it is not always necessary. In reality, there are many ways to start earning income using only your time, skills, and creativity.

If you are currently struggling financially and need to earn money immediately—even within the same day—there are several simple business ideas you can start right away without spending anything.

The key is to focus on services instead of products. Services rely on effort rather than capital, which means you can start immediately using what you already have.

Here are nine practical business ideas you can try today if you need to earn money quickly without any upfront investment.

1. Offer Errand Services

Many people are simply too busy to complete everyday tasks. This creates an opportunity for you to earn money by offering errand services.

You can help people with tasks such as:

• Buying groceries
• Picking up packages
• Paying bills
• Dropping off documents
• Waiting in line for services

Start by offering your service to neighbors, coworkers, or friends through social media. Even charging a small service fee can quickly add up if you complete multiple errands in a day.

Since this only requires your time and willingness to help, it is one of the easiest ways to earn money immediately.

2. Sell Unused Items Online

One of the fastest ways to earn money within the day is by selling items you already own but no longer use.

Look around your home and identify things such as:

• Clothes you rarely wear
• Old gadgets or accessories
• Books
• Kitchen tools
• Unused decorations

Take clear photos and post them on Facebook Marketplace, community groups, or messaging apps. Price them slightly lower than market value to attract buyers quickly.

Many people manage to sell items within hours, especially if the price is reasonable.

3. Offer Cleaning Services

Cleaning services are always in demand. Many homeowners would gladly pay someone to help clean their house, yard, or garage.

You can offer services such as:

• Basic house cleaning
• Garage organizing
• Yard sweeping
• Dishwashing
• Laundry assistance

Start by posting in local Facebook groups or messaging neighbors. Since this type of service requires effort rather than capital, it is perfect for earning money quickly.

Even a single cleaning job can bring immediate income on the same day.

4. Become a Local Delivery Helper

With the rise of online selling and food deliveries, many small sellers need help delivering items to customers.

If you have a bicycle, motorcycle, or even just the ability to walk short distances, you can offer delivery services for local sellers.

Message online sellers in your area and offer to deliver their orders for a small fee. Some sellers are happy to outsource deliveries because it saves them time and effort.

This can quickly turn into multiple delivery tasks in one day.

5. Offer Basic Tech Help

Not everyone is comfortable with technology. Many people need help with simple tasks like setting up apps, installing software, or fixing small phone or computer issues.

If you have basic tech knowledge, you can offer help such as:

• Installing applications
• Setting up email accounts
• Cleaning phone storage
• Troubleshooting slow devices
• Teaching basic smartphone usage

Even simple tech assistance can be valuable to those who struggle with digital devices.

You can charge a small service fee and finish multiple tasks within the same day.

6. Offer Writing or Typing Services

If you have access to a computer or smartphone and can type quickly, you can offer writing or typing services.

Examples include:

• Typing handwritten notes
• Creating simple documents
• Transcribing audio recordings
• Writing short social media captions

Students, small businesses, and content creators often need quick help with these tasks.

Promote your service on social media or among friends who might need assistance.

7. Pet Sitting or Dog Walking

Pet owners sometimes need someone to watch or walk their pets while they are busy or away from home.

You can offer services such as:

• Dog walking
• Pet feeding
• Short-term pet sitting
• Cleaning pet areas

This can be a fun and easy way to earn money while spending time with animals.

Ask neighbors or post in community groups to find pet owners who need help.

8. Offer Simple Tutoring

If you are good at a particular subject, you can offer tutoring services to students who need help.

This could include:

• Basic math tutoring
• English conversation practice
• Homework assistance
• Exam preparation

You do not need to be a professional teacher. Many parents simply want someone patient who can help their children understand lessons better.

Even short tutoring sessions can provide immediate income.

9. Social Media Posting for Small Businesses

Many small businesses want to promote their products online but do not have the time to manage their social media pages.

You can offer simple services such as:

• Posting product photos
• Writing captions
• Replying to basic messages
• Sharing posts in groups

If you already spend time on social media, this can easily become a small service business.

Start by contacting small online sellers and offering affordable help managing their posts.

When money is tight, the most important thing is to focus on action instead of waiting for the perfect opportunity. Many successful entrepreneurs started with nothing but determination and a willingness to work.

The good news is that earning money does not always require large investments. By offering useful services, helping others solve small problems, and using the skills you already have, it is possible to start earning income immediately.

Try one or two of these ideas today and see which works best for you. Sometimes, the simplest opportunities can lead to bigger business ideas in the future.

Remember, every successful business once started with a single small step.

Fine foods wholesaler European Foods has been snapped up by New West Foods for an undisclosed sum.

The purchase by the Venoutsos family business will see two of Western Australia’s largest homegrown food distributors form a single entity employing about 80 staff.

European Foods is a big name in WA’s gourmet food scene as a significant importer of specialty food and beverage brands from Europe. 

It was the first company to import Parmigiano Reggiano and Campari apertif into the state.

New West Foods managing director Damon Venoutsos said the acquisition was a defining moment for WA’s food distribution industry.

“This acquisition sees an additional range including premium chocolate from Belgium in the Callebaut brand, and cheeses from all over the world including Netherlands, France, UK, Italy and Switzerland,” he said.

“We also see the brands known, created by European Foods decades ago, and admired in food service kitchens across the state, including BIBO, Eureka, Pradera and Cecilia, being available now and complementary to the New West Foods range. 

“It is anticipated this consolidation will see efficiencies and improvement in distribution costs, at a time when food pricing pressure in domestic markets is high and increasing.” 

European Foods is a 90-year-old business founded by Giovanni Re, whose family migrated to Perth from Sicily.

It is best known as the former owner of Leederville’s The Re Store.

The Re family retained ownership of the Re Store when European Foods was sold to the Yukich family’s Y Group in 2019.

New West Food was established in 1988 by Constantine and Despa Venoutsos and has grown into the state’s largest independent food service products distributor.

New West processes more than 200 tonnes of fresh seafood per year, and more than 300 tonnes of Australian and New Zealand cheese at its Malaga base.

A 3.5-year contract to supply food to Optus Stadium signed in 2024 is among New West’s most prominent deals.

The sale includes European Foods’ new Osborne Park warehouse which incorporates the Cheese Cathedral, claimed to be the largest cheese room in Australia.

The former Northbridge warehouse was offloaded to Live Nation last year for $10m.