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Eternal, formerly Zomato, anticipates strong revenue growth in Q4, fueled by Hyperpure and Blinkit. However, profitability is expected to decline significantly, with analysts projecting a substantial drop in profit after tax or even a loss. While food delivery margins are expected to improve slightly, Blinkit's expansion may lead to EBITDA losses due to new store additions.
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The tech giant had been ordered in 2021 to allow greater competition and open the App Store up to outside payment options.
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The US president blames the first quarterly GDP decline in three years on his Democratic predecessor.
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News and Media
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