Eternal vs Swiggy: Which one does HSBC pick as competition intensifies?

HSBC reiterates “Buy” on Eternal, raising its target to Rs 390, citing strong scale, margin leadership, and robust cash reserves. Swiggy remains on “Hold” due to slower margin growth, high cash burn, and execution risks, despite rising average order values. Eternal outperforms in quick commerce and food delivery segments.

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Why India’s steel demand is defying global weakness

India’s steel prices are rising despite weak global markets, supported by infrastructure spending, manufacturing growth and higher input costs. While Chinese oversupply pressures international prices,