April 16, 2026
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Business Insights

Anthropic

Anthropic’s $380 Billion Valuation Surpasses 77 Indian IT Firms Combined, Just Three Years After First Revenue

Business News Desk04 mins mins

Artificial intelligence startup Anthropic has stunned global markets by achieving a staggering $380 billion valuation, surpassing the combined market capitalization of 77 Indian IT firms. What makes this milestone even more remarkable is that Anthropic reached this level only three years after generating its first revenue. The company’s meteoric rise underscores the transformative power of…

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PhonePe

PhonePe Entangled in Money Laundering Probe Involving Winzo Games, Received ED Summons

Business News Desk03 mins mins

India’s fintech giant PhonePe has found itself embroiled in a money laundering investigation after the Enforcement Directorate (ED) issued summons in connection with alleged transactions linked to Winzo Games. The development has raised serious questions about compliance, regulatory oversight, and the broader challenges facing India’s fast-growing digital payments and gaming ecosystem. Background of the Probe…

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Hindalco Q3

Hindalco Q3 Results: Strong Aluminium EBITDA Offsets Novelis Hit; Margin Dip Linked to Oswego Fire

Business News Desk03 mins mins

Hindalco Industries, India’s leading metals major, announced its Q3FY26 results, showcasing resilience in its aluminium business despite challenges faced by its US subsidiary Novelis. The company reported that strong aluminium EBITDA helped offset the impact of the Oswego plant fire in the US, which temporarily affected Novelis margins. Key Highlights of Q3FY26 Drivers of Performance…

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Lupin Q3

Lupin Q3 Net Profit Climbs 37.4% in Q3FY26 on Strong US, Emerging‑Market Demand

Business News Desk03 mins mins

Pharma major Lupin Limited reported a stellar performance in its Q3FY26 results, with net profit surging 37.4% year-on-year to Rs 1,215 crore, driven by robust demand in the United States and emerging markets. The company’s revenue growth was supported by strong generics sales, new product launches, and improved operational efficiency. Key Highlights of Q3FY26 Drivers…

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ONGC

ONGC Dividend 2026: Rs 6.25 Cash Reward in Q3 Results FY26! Profit Up 16.7% YoY to Rs 10,015 Cr, Revenue Rises 0.1% – Record Date Feb 18

Business News Desk02 mins mins

Oil and Natural Gas Corporation (ONGC), India’s largest energy explorer, announced its Q3 FY26 results, reporting a 16.7% year-on-year rise in net profit to Rs 10,015 crore. The company also declared a dividend of Rs 6.25 per share, with the record date set for February 18, 2026. Despite modest revenue growth of 0.1%, ONGC’s strong…

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GST Cut

GST Cut, Lower Inflation Help HUL Q3 Revenues Grow 4.3%

Business News Desk03 mins mins

Hindustan Unilever Limited (HUL), India’s largest fast-moving consumer goods (FMCG) company, reported a 4.3% revenue growth in its Q3 results, driven by lower inflationary pressures and the benefits of recent Goods and Services Tax (GST) cuts. The company’s performance reflects resilience in consumer demand and strategic pricing adjustments amid a challenging economic environment. Background of…

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Health and Wellbeing

HUL to Acquire 49% Stake in Zywie for ₹824 Crore to Beef Up ‘Health and Wellbeing’ Business

Business News Desk03 mins mins

Hindustan Unilever Limited (HUL), India’s largest fast-moving consumer goods (FMCG) company, has announced its plan to acquire a 49% stake in Zywie, a leading player in the health and wellness segment, for ₹824 crore. This strategic move underscores HUL’s commitment to expanding its footprint in the rapidly growing health and wellbeing sector, which has seen…

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KPPL Gears

KPPL Gears Up for ₹741-Crore Expansion; Cabinet Clears Major Capacity Push

Business News Desk03 mins mins

Kumaraguru Paper and Packaging Limited (KPPL) is preparing for a transformative leap in its operations as the Union Cabinet has cleared a ₹741-crore expansion plan. This ambitious project is expected to significantly enhance production capacity, strengthen India’s packaging industry, and create new employment opportunities. The expansion aligns with the government’s broader vision of boosting domestic…

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Happiest Minds

Happiest Minds’ Ashok Soota Shrugs Off Stake Sale Reports

Business News Desk03 mins mins

Happiest Minds Technologies, one of India’s fastest-growing IT services companies, found itself in the spotlight after reports surfaced suggesting a possible stake sale by its Executive Chairman, Ashok Soota. However, Soota has firmly dismissed these speculations, reiterating his long-term commitment to the company and its vision. His response has reassured investors and employees alike, reinforcing…

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