Shadowfax Technologies, a leading tech-driven logistics platform backed by Flipkart, has filed its updated Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a ₹2,000 crore initial public offering. The IPO comprises a fresh issue of shares worth ₹1,000 crore and an offer for sale (OFS) of ₹1,000 crore…
Urban Company, India’s leading home services marketplace, reported its Q2 FY26 financial results with a mixed performance—highlighting aggressive growth in topline revenue but a widening net loss. The Gurugram-based firm posted a consolidated net loss of ₹59.3 crore, a sharp increase from ₹1.82 crore in the same quarter last year. The loss was primarily attributed…
JK Cement Ltd has reported a robust financial performance for the second quarter of FY26, with consolidated net profit rising by 27.6% year-on-year to ₹160.53 crore, driven by higher volumes, improved operational efficiencies, and strategic capacity expansion. The company’s revenue from operations increased by 17.9% YoY to ₹3,019.2 crore, reflecting strong demand across both grey…
In a move that has stirred debate across India’s capital markets, alternative investment fund Persistence Capital publicly announced its decision to skip participation in the high-profile initial public offering (IPO) of eyewear retailer Lenskart. The fund’s candid disclosure, made via a post on X (formerly Twitter), has added fuel to the ongoing conversation around inflated…
India’s long-term economic growth hinges on a decisive increase in its investment rate, according to S Mahendra Dev, Chairperson of the Economic Advisory Council to the Prime Minister (EAC-PM). Speaking at the First ISID@40 Distinguished Person Lecture in New Delhi, Dev emphasized that India must raise its investment rate from the current 31–32% to at…
Vedanta Limited, one of India’s leading diversified natural resources companies, reported its financial results for the second quarter of FY26, showcasing a mixed performance. While the company’s consolidated net profit before exceptional items declined by 13% year-on-year to ₹5,026 crore, it simultaneously achieved record revenue and EBITDA, driven by strong operational performance in its aluminium…
Bankim Brahmbhatt, an Indian-origin telecom entrepreneur, has become the focal point of one of the largest alleged loan frauds in the history of private credit markets. Accused of orchestrating a $500 million deception involving fabricated invoices, fake customer accounts, and non-existent receivables, Brahmbhatt’s case has sent shockwaves through global financial circles. The lawsuit, filed by…
Alphabet Inc., the parent company of Google, has reported its first-ever $100 billion quarter in Q3 2025, marking a historic milestone in the tech giant’s financial journey. CEO Sundar Pichai attributed the achievement to robust double-digit growth across all major verticals—Search, Cloud, YouTube, and subscriptions—driven largely by the company’s aggressive push into artificial intelligence. The…
India’s quick commerce sector witnessed a public clash of philosophies as Swiggy’s Group CEO Sriharsha Majety took a pointed swipe at rival Zepto during the company’s Q2FY26 earnings call. Without naming Zepto directly, Majety criticized the practice of chasing volume growth at the expense of profitability, stating, “We won’t chase volume growth with poor average…
Union Commerce and Industry Minister Piyush Goyal has clarified his earlier remarks on Indian startups, stating that his intent was never to undermine the entrepreneurial ecosystem but to ignite a national movement toward deep tech innovation. Speaking at the TiEcon Delhi-NCR 2025 conference, Goyal described his comments as a “wake-up call” aimed at shifting focus…
