Business Insights
Delhivery Limited, one of India’s leading logistics and supply chain services providers, has reported a robust financial performance for the first quarter of FY2025-26. The company posted a 67% year-on-year increase in consolidated net profit, reaching ₹54.4 crore in Q1 FY26, compared to ₹32.5 crore in the corresponding quarter last year. Revenue from operations also…
Swiggy, one of India’s largest food delivery and quick commerce platforms, released its financial results for the first quarter of FY26, and the figures paint a picture of aggressive growth met with equally sharp financial challenges. The company recorded a robust 54% year-on-year jump in operating revenue, rising to ₹4,961 crore in Q1 FY26 from…
Digital payments major MobiKwik has reported a significant financial setback in the first quarter of FY26, with a 20% decline in revenue year-on-year and a more than six-fold spike in net losses. The Gurugram-based fintech firm disclosed that its total revenue fell to ₹271.4 crore in Q1FY26, compared to ₹345.8 crore in the same quarter…
In a significant development that could shape the future of India’s most storied business conglomerate, Tata Trusts has reportedly urged Tata Sons to remain a privately held company while working on a solution to provide an exit route to the Shapoorji Pallonji (SP) Group, its largest minority shareholder. The move comes amid rising speculation over…
In a strategic move that underscores its aggressive focus on the Indian market, Schneider Electric has announced its plan to acquire Singapore-based Temasek Holdings’ 35% stake in its Indian joint venture for a staggering €5.5 billion. The deal, when completed, will give Schneider Electric complete ownership and control over its operations in one of its…
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…
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…
CarTrade Tech, India’s prominent online auto classifieds and mobility services platform, has announced its consolidated financial results for the first quarter of fiscal year 2025-26 (Q1 FY26), revealing a notable surge in net profit and a stable operational performance driven by strong digital adoption, increased vehicle transactions, and a diversified revenue model. The company posted…
In a significant development in the long-running Adjusted Gross Revenue (AGR) case, the Department of Telecommunications (DoT) has issued a fresh demand notice of ₹7,827 crore to Tata Communications, seeking payment of dues under the expanded definition of AGR as upheld by the Supreme Court in 2019. The demand has sparked a fresh legal and…
In a remarkable feat for the Indian real estate sector, County Group has successfully sold 500 luxury flats in its Ghaziabad residential project, raking in a staggering ₹1,600 crore. The announcement has sent ripples across NCR’s property market, highlighting a renewed demand for premium housing in Tier-I suburban cities like Ghaziabad. The sale, seen as…
