Adani Group owned Ambuja Cements reported a nearly threefold jump in net profit to ₹1,644 crore in Q4 FY26, supported by tax gains and record cement sales volumes. The company’s profit growth was significantly aided by a tax credit of around ₹1,460 crore, which boosted its bottom line during the March quarter. Record Sales Volumes Support Growth Ambuja Cements achieved its highest ever quarterly sales volume of 19.9 million tonnes, marking a 10% year-on-year increase. The growth was largely driven by infrastructure led demand, which continues to underpin the cement sector. Revenue Sees Moderate Increase Revenue from operations rose 5.5%…
Author: Adarsh Kumar
AI-driven data sharing startup Banza has raised $1 million in a pre-seed funding round led by Campus Fund, with participation from Avalanche and a group of angel investors. The company said the fresh capital will be deployed to accelerate product development, enhance user experience, and expand its team, as it builds the foundation for a new category it calls personal AI. Building the “AI Twin” Founded in January 2026 by Mehdi A and Aditya Vijayakumar, Banza is developing a concept it calls an AI Twin a personalised digital intelligence that learns continuously from a user’s behaviour. The platform is designed…
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…
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…