Eternal’s robust Q1; Meta faces content-blocking allegations
Eternal reported a net profit of ₹92 crore for Q1, a fourfold increase from ₹25 crore a year ago, driven by Blinkit's improved operating performance, although profits fell 47% sequentially. Revenues surged to ₹20,211 crore, nearly tripling year-on-year, as Blinkit transitioned to an inventory model. Meanwhile, Meta faces allegations of content blocking during student protests in Delhi, with users claiming their posts were shadow-banned without notice.