For Anil Agarwal led Vedanta Limited, 2026 is shaping up to be a year defined by sharp contrasts. While the company’s operational engine continues to perform strongly, its financial structure remains under pressure, making this a pivotal phase in its evolution. Strong Operations, Resilient Core Vedanta’s core businesses aluminium, zinc, and oil & gas continue to deliver steady performance. Subsidiary Hindustan Zinc remains a key profit driver, generating robust margins and consistent cash flows. The aluminium segment has benefited from scale and cost optimisation, while the oil and gas business provides stable, production linked revenues. This diversified portfolio ensures that…
Author: Adarsh Kumar
A potential electoral victory for the Bharatiya Janata Party (BJP) in West Bengal could act as a turning point for corporate investments and real estate growth, according to analysts. A shift in political leadership is expected to improve investor sentiment, especially among corporates that have remained cautious about investing in the state. Analysts believe that a more stable and industry friendly environment could unlock fresh capital inflows across sectors. West Bengal has historically faced challenges such as policy uncertainty, land acquisition issues, and slower infrastructure execution, which have impacted large scale investments. A governance shift could help address these bottlenecks…
AI computing solutions startup Tsavorite Scalable Intelligence has raised $5 million (₹46.65 crore) in a funding round led by Pavestone, as it looks to accelerate product development and scale its operations. The company had earlier secured $17.9 million in a Series B round in February 2025, indicating continued investor confidence in its AI hardware vision. Founded in 2023 by Shalesh Thusoo, Tsavorite is building an Omni Processing Unit (OPU) for the semiconductor industry. The OPU is designed to support AI inference, training, and reinforcement learning workloads. The architecture integrates CPU, GPU, memory, and connectivity into a single device, enabling flexible…
State run engineering major Bharat Heavy Electricals Limited (BHEL) reported a two-fold jump in consolidated net profit to ₹1,290 crore in Q4 FY26, driven by strong revenue growth. The company had posted a net profit of ₹504 crore in the same quarter last year. BHEL’s total income rose to ₹12,553 crore during the January–March quarter, up from ₹9,142 crore in Q4 FY25, reflecting improved execution across projects. For the full financial year FY26, the company reported a sharp rise in net profit to ₹1,600 crore, compared to ₹533 crore in FY25, indicating a significant turnaround in performance. The board has…
Electric two-wheeler maker Ather Energy reported a strong Q4 FY26 performance, with operating revenue rising 74% year-on-year to ₹1,175 crore, while losses narrowed 57% to ₹100 crore. The company had posted ₹676 crore revenue in Q4 FY25, reflecting robust growth driven by higher sales volumes and sustained demand. During the quarter, Ather sold approximately 79,251 electric two-wheelers, with vehicle sales and related services continuing as its primary revenue source. Including ₹39 crore in non-operating income, total income stood at ₹1,214 crore. For the full financial year FY26, Ather recorded a 63% increase in revenue, while losses reduced 37% to ₹517…
Science-led skincare brand CHOSEN has raised $5 million in a Series A funding round led by Fireside Ventures, with participation from BOLD, Alkemi Growth Capital, and several angel investors including Avnish Anand. The startup had earlier raised $1.2 million in angel funding in 2024. The fresh capital will be used to strengthen R&D capabilities, expand its pipeline of clinically validated products, scale its Centre of Excellence, and invest in talent across functions. Founded in 2020 by Renita Rajan, CHOSEN focuses on science backed skincare for melanin rich Indian skin, based on the concept of the exposome. Its products target key…
India’s automobile industry is bracing for a ₹25,000 crore hit to profits in FY26, triggered by the Environment Protection (End-of-Life Vehicles) Rules, 2025, which mandate financial provisioning for past vehicle liabilities. At the core of the issue is Rule 4(6) under the policy, which requires automakers to fulfil Extended Producer Responsibility (EPR) obligations even for vehicles already sold in the market, particularly in case of business closure. This clause activates accounting standard IND AS 37, compelling companies to create provisions for environmental compensation (EC) tied to vehicles sold over the past 20 years (private) and 15 years (commercial). Industry executives…
The Centre has released ₹17,744.19 crore as the first wage instalment under MGNREGA for FY27, ensuring continued employment generation and timely wage payments under the rural jobs scheme. In addition to wage support, the government has issued a mother sanction of ₹3,478 crore towards material and administrative components for states and Union Territories. Officials clarified that the recent 35.3% dip in monthly employment under MGNREGA reflects the scheme’s demand driven nature, where work demand fluctuates based on seasonal factors and local livelihood conditions. The government stated that fund allocation and labour budgets are being aligned accordingly. For the early months…
Security and facility management firm SIS Ltd is targeting ₹20,000 crore in revenue by FY27, driven by strong growth momentum, expanding service networks, and regulatory tailwinds under new labour codes. The company, which currently employs around 3.46 lakh people, plans to scale its workforce to 5 lakh by 2030, positioning itself among India’s largest private sector employers. SIS reported a 21% year-on-year increase in revenue to ₹16,030 crore in FY26, and expects continued growth through new client additions across sectors such as healthcare, manufacturing, construction, automobiles, and e-commerce. According to Group MD Rituraj Sinha, the company is approaching an inflection…
The Appointments Committee of the Cabinet (ACC) has approved the appointment of Rohit Jain as Deputy Governor of the Reserve Bank of India for a tenure of three years, effective on or after May 3, according to a government notification. Jain will succeed T Rabi Sankar, whose term concludes this week. He was serving as an Executive Director at the RBI since December 2020. With a career spanning nearly three decades at the central bank, Jain has worked across key areas including banking supervision, risk analytics, and human resource management. In his most recent role, he oversaw the Department of…