In a major boost to investor confidence, Allied Blenders and Distillers Ltd (ABD) reported an impressive financial performance for the first quarter of FY25, with a fourfold rise in net profit to ₹55 crore and a consolidated revenue of ₹1,776 crore. This stellar showing marks the company’s first earnings release post its much-anticipated IPO, and…
In an era where traditional career paths are often perceived as the safest bet, one visionary entrepreneur chose to walk away from two of the world’s most coveted institutions—Harvard University and McKinsey & Company—to pursue a startup dream. Today, that audacious leap of faith has culminated in a fintech app valued at a staggering $2.4…
In a bold and strategic move ahead of Lenskart’s much-anticipated Initial Public Offering (IPO), founder and CEO Peyush Bansal has reportedly repurchased a significant portion of company shares at a steep discount. The share buyback has garnered widespread attention not only due to its timing but also because of the potential implications it may have…
Piramal Pharma Ltd. (PPL), a key player in India’s pharmaceutical and healthcare industry, reported a consolidated net loss of Rs 82 crore in the quarter ended June 2025, a marked improvement from a net loss of Rs 131 crore in the corresponding quarter of the previous financial year. The narrowing of losses comes on the…
India’s finished steel imports for the April–June quarter of FY25 witnessed a significant contraction of nearly 30% year-on-year, primarily driven by a sharp fall in shipments from top suppliers including China and Japan. According to preliminary industry data, this decline marks one of the sharpest drops in quarterly steel imports in recent years, reflecting both…
In a strategic reshuffle that underscores its readiness for a much-anticipated IPO, India’s leading omnichannel eyewear brand Lenskart has announced significant changes to its board of directors. SoftBank India head Sumer Juneja has stepped down from the board, making way for two seasoned entrepreneurs — Ashish Kashyap, founder of IndWealth, and Prashanth Karanjkar, co-founder of…
In a significant move to expand its global footprint and deepen its presence in the automation and intelligent building solutions sector, Amber Enterprises India Ltd announced the acquisition of Israel-based Unitronics for ₹404 crore (approximately $48.3 million). The announcement sent Amber Enterprises’ shares up by 2% in early trade on the Bombay Stock Exchange, reflecting…
In a move that has electrified global semiconductor markets, Samsung Electronics has reportedly signed a highly confidential chip-supply agreement worth $16.5 billion. The undisclosed deal — believed to be one of the largest in recent history — triggered a significant rally in Samsung shares, pushing the stock to its highest level in over four weeks….
Laurus Labs Ltd witnessed a sharp 7% rise in its share price on the stock exchanges after the pharmaceutical major posted strong Q1 FY26 earnings and confirmed that the Andhra Pradesh government has allotted over 500 acres of land to the company for expansion. This twin announcement has invigorated investor sentiment and positioned the Hyderabad-based…
In a significant career move that underscores the growing intersections between technology, retail, and finance, Flipkart’s Vice President Smrithi Ravichandran is reportedly set to join the prominent private equity firm Multiples. This development marks a pivotal transition for one of India’s most accomplished e-commerce leaders and reflects the broader talent migration from tech-driven consumer companies…
