FT News Briefing

Investors to delivery apps: where’s my profit?

Jun 4, 2024

10:50

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US President tightens immigration rules, Indian markets soar post-Modi election win, delivery apps aim for profits amid losses, new podcast explores Qatargate fallout

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Episode notes

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Quick takeaways

Investors support Modi's market-friendly reforms leading to record Indian market highs.

Food delivery apps face investor dissatisfaction due to billions in operating losses and calls for business model changes.

Deep dives

Narendra Modi poised for a historic third term in India

Exit polls show India's Prime Minister Narendra Modi is set to win a third term in a landslide victory, with concerns raised about his anti-democratic tendencies as his party secures a strong majority in parliament. Despite criticism, India's stock indices surged to record highs as investors support Modi's market-friendly reforms.

Introduction

3min

Adapting to Economic Challenges: Investor Expectations and Delivery App Profitability

2min

Strategies for Delivery Companies and a Corruption Scandal Unfold

4min

European Parliament's Culture of Impunity and Nigel Farage's Candidacy

3min

US President Joe Biden is moving to sharply tighten immigration rules at the southern border with Mexico, Indian markets hit record highs after exit polls forecast a landslide election win for Prime Minister Narendra Modi, food delivery apps put new focus on profits despite slower growth following the coronavirus pandemic, and a new podcast from the Financial Times explores the fallout since Qatargate.

Mentioned in this podcast:

Food delivery apps rack up $20bn in losses in fierce battle for diners

Indian markets hit record highs as exit polls forecast Modi victory

Sunak and Starmer set to clash in first UK election leaders’ debate

Untold: Power for Sale. Subscribe or listen on: Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts.

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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