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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
There’s something for both pessimists and optimists in the QSR player’s Q3 results. Right now, it looks like a coin toss where this business will go next, which makes the euphoric market reaction seem out of place.
Devyani International, the quick-service restaurant company that runs multiple franchises and its own brands, declared its results for the quarter ended December 2025 yesterday.
The numbers were uniformly poor. The one headline number that grew—operating revenue—was also bolstered by a recent acquisition.
Yet, within an hour of the results, the stock was up an impressive 11%.
What could possibly explain the divergence between the quarter’s performance and the market’s reaction? You could say it’s something of a petrichor effect—that very pleasant smell of the first rain after a long, arid summer. A dry spell that kept the stock around its …
A market dominated by speculative activity is enriching sophisticated traders at the expense of retail investors, distorting exchanges and brokerages, and putting household savings at risk.
The restaurant company is refurbishing older outlets and launching new brands, but the biggest test for the new CEO, Avik Chatterjee, will be scaling them up amid intensifying competition.
The food and FMCG giant is set to be put into provisional liquidation. Abu Dhabi’s IHC and Emaar founder Mohamed Alabbar are now eyeing it.
