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…
Author: Adarsh Kumar
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…
Ujjwal Jain, CEO of Share.Market, the stockbroking and wealth platform backed by PhonePe, has stepped down after a four-year stint. Jain announced his departure via LinkedIn, calling it the end of a “decade-long Chapter 1” and hinting at a new beginning. “This is not a goodbye. This is a relaunch,” he said. Jain previously founded WealthDesk and OpenQ in 2016, platforms focused on portfolio investing and quant driven analytics. In May 2022, PhonePe acquired both startups in a deal worth around $75 million, marking its entry into the wealth management space. Following the acquisition, Jain joined PhonePe to lead the…
Jindal Steel and Power (JSPL) reported a consolidated net profit of ₹1,041 crore in Q4 FY26, marking a sharp turnaround from a ₹304 crore loss in the same quarter last year, driven by record sales and higher revenues. The company’s total income rose 25% year-on-year to ₹16,484 crore during the January–March quarter, compared to ₹13,254 crore in Q4 FY25. On a sequential basis, profit surged fivefold from ₹189 crore in Q3 FY26, reflecting improved operational performance. For the full financial year FY26, JSPL posted a 20% increase in net profit to ₹3,361 crore, while total income grew to ₹53,553 crore,…
Union Rural Development Minister Shivraj Singh Chouhan has launched the fourth phase of the Pradhan Mantri Gram Sadak Yojana (PMGSY-IV) in Odisha, with an estimated outlay of ₹1,700 crore, aimed at boosting rural connectivity across the state. The scheme was rolled out at an event in Barijhola, Rayagada district, and is expected to significantly improve access to remote and underserved regions. Under the first phase of PMGSY-IV implementation in Odisha, 827 road projects have been sanctioned, covering a total length of 1,701.84 km and benefiting 898 villages across districts including Kandhamal, Keonjhar, Khordha, Koraput, Malkangiri, Nabarangpur, Rayagada, and Sambalpur. Chouhan…
AI-driven travel platform ixigo has launched native travel apps within ChatGPT, enabling users to plan and explore trips through a conversational interface. The integration brings ixigo’s platforms ixigo Flights & Hotels, AbhiBus, and ConfirmTkt directly into ChatGPT, allowing users to search, compare, and plan travel across flights, trains, buses, and hotels in real time. Users can access real time pricing, availability, and fare insights, along with features such as nearby date comparisons for lower fares. The platform also introduces live flight tracking, enabling users to check updates like boarding gates, baggage belts, and check-in counters. For bookings, users are redirected…