Quote of the day by John Maynard Keynes: “Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation”

John Maynard Keynes’ quote highlights speculation’s dual nature in markets. Healthy speculation supports enterprise, while excessive speculation can destabilize economies. Modern markets face risks as AI and cryptocurrencies can overshadow fundamentals.

Will Blinkit growth sustain amid competition? 5 things to know from Eternal’s shareholder letter

Eternal’s Q1 shareholder letter highlights Blinkit’s rapid expansion, improving profitability and rising capital investments, while food delivery remains the group’s profit engine. Management also addressed mounting quick commerce competition, outlined Blinkit’s return framework and detailed continued investments in AI, Bistro and other emerging businesses despite widening losses in newer ventures.