How Did El Niño Turn Into A Power Problem

In this episode of Markets Today, we decode 3 big stories — 96 of India's 191 coal plants running on under 3 days of stock, Flipkart testing food delivery to take on Zomato and Swiggy, and Tata Motors struggling to get shareholder approval for its €3.9 billion Iveco deal.

India's Coal Power Crisis Hydropower fell 20% in September while coal-based generation rose 13.3%, and the supply-demand gap hit 560 million kWh, the worst since August 2023. Coal imports are on hold, so the focus is on Coal India production and faster rail delivery.

Flipkart Enters Food Delivery An internal pilot is running in Bengaluru as 'Eat-in by Minutes' inside the Flipkart Minutes app, using ONDC and direct restaurant onboarding. Online food ordering is still only 15% of India's food services market, growing at 18-20% annually.

Tata Motors' Iveco Deal In Trouble Tata needs 80% acceptance by October 26, but only 31.19% had tendered as of October 19, even after raising the price to €14.40. At 66.67-80%, Tata gets partial ownership but cannot delist and fully restructure Iveco.